Credit cards inherently come with numerous benefits, and you can apply for a credit card to ensure greater financial stability or to enjoy certain perks extended by them. These cards typically offer benefits in the form of rewards, lifestyle benefits, travel benefits, and cashback. Cashback credit cards are invaluable financial tools that provide you with a percentage of your purchase back in the form of cash rewards.
Thus, these credit cards incentivize spending while allowing you to earn money on everyday transactions. The importance of cashback credit cards lies in the financial benefits they extend. Hence, these credit cards empower you to make the most of your spending, allowing you to earn money back and budget your expenses better. If you’re considering applying for a cashback credit card, we look closely at five of the best credit cards in India that offer cashback benefits.
Cashback SBI Card
The first credit card on our list is the SBI credit card, which offers the highest cashback rate on online spending than other cards in the market. Another feature that works in its favour is the fact that the cashback redemption procedure is straightforward, as the cashback is directly credited to the card account.
This SBI credit card’s key features and benefits include the following.
- Earn 5% cashback on online spending (no merchant restriction).
- Earn 1% cash back on offline transactions and utility bill payments.
- Renewal fee reversal on annual spends of ₹2 Lakhs.
- Get a 1% fuel surcharge waiver across petrol pumps nationwide (applicable on transactions of ₹500 – ₹3,000).
Flipkart Axis Bank Credit Card
If you frequently shop from Flipkart or Myntra, the Flipkart Axis Bank credit card will provide you with numerous benefits. This cashback credit card covers three popular categories – shopping, lifestyle, and travel.
The features and benefits of this credit card are highlighted below.
- Earn cashback of 5% on Flipkart and Myntra.
- Earn cashback of 4% on preferred merchants, such as Cleartrip, Cult.fit, PVR, Swiggy, Tata Play, and Uber.
- Earn cashback of 1.5% on all other categories.
- Get ₹1,100 worth of joining and activation benefits.
- Enjoy 4 complimentary lounge access at select domestic airports per calendar year.
- Get cashback of 15% up to ₹500 on your first transaction on Myntra using this credit card.
HDFC Millennia Credit Card
The last cashback credit card on this list is the HDFC Millennia credit card. It offers numerous benefits across multiple categories, such as online shopping and travel. While it comes with an annual fee of ₹1,000, it can be waived if your annual spending reach or exceed ₹1 Lakh.
The following are the key highlights and benefits of this credit card.
- Earn cashback of 5% on Amazon, BookMyShow, Cult.fit, Flipkart, Myntra, Swiggy, Sony LIV, Tata CLIQ, Zomato, and Uber.
- Earn cashback of 1% on all other spends (except fuel).
- Get up to 20% discount on partner restaurants via Swiggy Dineout.
- Get gift vouchers worth ₹1,000 on spending over ₹1 Lakh each calendar quarter.
- Get a 1% fuel surcharge waiver at fuel stations across the country (valid on transactions between ₹400 and ₹5,000).
