Using a credit card, whether for shopping, bill payment, or dining, can have many financial benefits. You can get exciting offers, discounts or cashback benefits whenever you swipe your card.
This helps you save more on your expenses. However, these rewards and benefits depend on the card issuer and the type of card you have. One of the various options you can choose from is a cashback credit card.
Using this type of card lets you get a portion of the amount paid back to you. You can get cashback on fuel, groceries, dining or other eligible spending. As these cashback offers depend on the credit card provider and category, comparing multiple options is crucial.
Read on to know some of the top cards in the cashback category, their features, and how to select the right one.
Best Credit Cards with Exclusive Cashback Benefits
There are numerous credit card options available in the market, offering exciting rewards and cashback. Here are some of the best credit card options you can choose from.
- AU Bank Altura Credit Card
This credit card offers up to 7% cashback with lounge benefits, complimentary liability cover, welcome benefits and more.
- Annual Fee: ₹199 + GST with waiver on annual spends above ₹40,000
- 2% cashback on all retail purchases, including buying groceries, paying utility bills, and shopping at departmental stores
- Flat ₹50 cashback when you spend a minimum of ₹10,000 in retail shopping during each statement cycle
- Affordable EMI options are available on transactions over ₹2,000
- Axis Bank ACE Credit Card
This credit card is one of the best options if you want to enjoy amazing deals and offers on shopping and get cashback on every purchase.
- Annual Fee: ₹499 + GST with waiver on annual spends above ₹2 Lakhs
- Get 5% cashback on mobile, DTH recharge and utility bill payments
- Enjoy up to 4% cashback on Zomato, Swiggy and Ola transactions
- Fuel surcharge benefits of up to 1% on transactions between ₹400 to ₹4,000
- Bajaj Finance RBL Bank Binge SuperCard
In partnership with the RBL Bank, Bajaj Finserv offers a diverse range of SuperCards with attractive cashback benefits. Among this list is the Bajaj Finance RBL Bank Binge SuperCard, offering cashback benefits when you shop from a variety of over 1 million products.
- Annual Fee: ₹999 + GST with waiver on annual spends above ₹1 Lakh
- Get 5% cashback on all your purchases made at any of the Bajaj Finserv partner stores
- Shop on easy EMI options for spending above ₹2,500
- Get up to ₹100 fuel surcharge waiver per month on transactions over ₹500
- Citi Cash Back Credit Card
The Citi Cash Back Credit Card offers great deals on dining, travel and lifestyle categories, which you can redeem whenever you want.
- Annual Fee: ₹500 + GST
- Get 5% cashback on utility bill payments, movie tickets, and mobile recharge
- Get 0.5% cashback on other daily spends
- Enjoy up to 20% savings at select restaurants
- Bajaj Finserv DBS Bank 5X Rewards Credit Card
This is a perfect option if you use a credit card for your daily spends, such as grocery, bill payments and fuel.
- Annual Fee: ₹499 + GST
- 5% cashback when you make a down payment at any of the 1.5 lakh+ Bajaj Finserv partner stores across India
- Get 5X cashback points for spending over ₹10,000 per month on groceries, clothing, appliances, etc.
- Flipkart Axis Bank Credit Card
This co-branded credit card offers discounts on shopping at Flipkart, helping you save more on your purchases.
- Annual Fee: ₹500 + GST with waiver on annual spends above ₹3.5 Lakhs
- 5% cashback on shopping at Flipkart
- 4% cashback on shopping at select merchant stores
- Enjoy up to ₹1,100 welcome benefits upon card activation
- HDFC Bank Millenia Credit Card
The HDFC Bank Millenia Credit Card is an ideal choice, offering umpteen benefits when you shop online.
- Annual Fee: ₹1,000 + GST with waiver on annual spends above ₹1 Lakh
- Get 5% cashback on shopping at Amazon, Flipkart, Myntra, Cult.fit, Swiggy, Tata CLiQ, Uber and Zomato
- 5% cashback on entertainment expenses, such as purchasing tickets on the BookMyShow platform and subscribing to the Sony LIV app
- Up to 20% dining discount at partner restaurants
- HDFC MoneyBack Credit Card
The HDFC MoneyBack Credit Card is the best credit card option to get instant cashback and earn reward points on your shopping.
- Annual Fee: ₹500 + GST with waiver on annual spends above ₹50,000
- Get cashback against your reward points at the rate of 1RP = ₹0.20
- 1% fuel surcharge waiver on minimum transaction of ₹400
- Get up to 2 reward points when you shop offline and 4 reward points on online spends of ₹150
- CASHBACK SBI Card
This card offers cashback on online and offline purchases via a contactless payment option.
- Annual Fee: ₹999 + GST with waiver on annual spends above ₹2 Lakhs
- Shop online at any merchant store and get up to 5% cashback
- 1% cashback on shopping at offline stores
- Use contactless payments to complete your transactions
How to Compare Credit Card Options
Here are a few tips that you can follow when comparing the best credit card from a diverse range of options.
- Compare and select the card with the lowest annual fees and charges
- Many card providers offer an interest-free period of up to 55 days, which can help you avoid paying unnecessary interest early in the billing cycle
- Compare the interest rates offered by different credit card providers
- Get a credit card with a suitable credit limit
- Check the eligibility criteria before applying for any card
- Get a credit card based on your financial requirements
Choosing the right card can help you save more on shopping and utility bill payments. So, opt for a card that matches your spending habits to enjoy its benefits to the maximum. Make sure to use the card responsibly and pay all dues on time to avoid hurting your credit score.
