Introduction: Why Cashback Credit Cards Are Your Smartest Financial Move in 2026
Did you know that Indian credit card users earned over ₹8,500 crores in rewards and cashback in 2024? Yet, most cardholders leave money on the table by choosing the wrong card for their spending patterns.
Cashback credit cards have revolutionized how Indians approach everyday spending. Unlike traditional reward points that expire or get devalued, cashback offers straightforward value—you spend, you earn real money back. It’s that simple. In 2026, the best cashback credit cards deliver returns ranging from 1% to 5% on purchases, effectively giving you an instant discount on everything you buy.
The appeal of cashback cards lies in their transparency. While travel cards require complex point transfers and general reward cards often have confusing redemption catalogs, cashback credit cards put actual rupees back in your pocket. You can use this cashback to offset your bill, receive statement credits, or even get direct bank transfers depending on your card.
When compared to travel cards that only benefit frequent flyers, fuel cards limited to petrol pumps, or UPI cards with capped rewards, cashback credit cards shine through their versatility. They reward all your spending categories—from groceries and online shopping to utility bills and dining. Whether you’re a student managing a tight budget or a professional with diverse spending needs, there’s a cashback card designed for your lifestyle.
With the RBI’s progressive policies and increased competition among banks, 2026 brings unprecedented value in the cashback credit card segment. This comprehensive guide analyzes the 12 best cash back credit cards available, helping you maximize your returns on every rupee spent. Let’s explore which card deserves a place in your wallet.
Detailed Reviews: 12 Best Cashback Credit Cards in India 2026
1. SBI Cashback Credit Card – The Online Shopping Champion
Why Choose This Card
The SBI Cashback Credit Card stands as India’s most rewarding card for online shoppers. With an industry-leading 5% cashback on all online spends (excluding wallet loads) and 1% on offline purchases, this card turns your digital transactions into substantial savings. It’s particularly valuable for those who’ve shifted most purchases online, offering unlimited cashback potential without complex category restrictions or monthly caps.
Key Benefits
- 5% cashback on all online spends (₹5,000 maximum cashback per statement cycle)
- 1% cashback on offline spends and wallet transactions
- No forex markup on international transactions (making it ideal for foreign currency spends)
- 8 complimentary domestic airport lounge visits per year (4 primary + 4 add-on)
- UPI integration available for reward tracking
- Fuel surcharge waiver on transactions between ₹500-₹3,000
Fees & Charges
| Charge Type | Amount |
|---|---|
| Joining Fee | ₹999 + GST |
| Annual Fee | ₹999 + GST |
| Fee Waiver Condition | Spend ₹2,00,000 in previous year |
| Late Payment Charges | Up to ₹1,300 |
| Forex Markup | 0% + GST (best in segment) |
| Fuel Surcharge Waiver | 1% (on ₹500-₹3,000 transactions) |
Pros
- Highest cashback rate for online shopping among all Indian credit cards
- Zero forex markup makes it excellent for international spends
- Simple earning structure with minimal exclusions
- Complimentary lounge access adds premium value
- Cashback credited directly as statement credit (no complex redemption)
Cons
- ₹5,000 monthly cashback cap may limit high spenders
- Annual fee requires ₹2 lakh annual spend for waiver
- Offline cashback rate of 1% is relatively basic
Best For: Digital-first users, frequent online shoppers, and those who make international transactions or travel abroad regularly.
Apply Now (Official SBI Card website)
2. Amazon Pay ICICI Bank Credit Card – Amazon Ecosystem Powerhouse
Why Choose This Card
For Amazon Prime members who regularly shop on India’s largest e-commerce platform, this lifetime free card offers unmatched value. The 5% unlimited cashback on Amazon purchases (2% for non-Prime members) combined with zero annual fees makes it a no-brainer for Amazon loyalists. Beyond Amazon, it delivers solid returns on bill payments and everyday spending. Learn More About Amazon Pay ICICI Bank Credit Card
Key Benefits
- 5% cashback on Amazon.in for Prime members (2% for non-Prime)
- 2% cashback on paying through Amazon Pay (restaurants, bill payments)
- 1% cashback on other purchases including offline spends
- Unlimited cashback with no monthly or annual caps
- Welcome benefit of ₹500 Amazon Gift Card
- UPI linkable for seamless payments
- 4 complimentary domestic lounge visits annually
Fees & Charges
| Charge Type | Amount |
|---|---|
| Joining Fee | Nil |
| Annual Fee | Nil (lifetime free) |
| Fee Waiver Condition | Not applicable |
| Late Payment Charges | Up to ₹1,100 |
| Forex Markup | 3.5% + GST |
| Fuel Surcharge Waiver | 1% (₹400-₹4,000) |
Pros
- Completely lifetime free with zero joining or annual fees
- Unlimited 5% cashback on Amazon with no caps
- Instant cashback (reflected within 2-3 days)
- Excellent for bill payments and food delivery via Amazon Pay
- No minimum spend requirements
Cons
- Cashback restricted to Amazon ecosystem for maximum value
- Higher forex markup (3.5%) compared to premium cards
- Limited lounge access compared to paid cards
- Requires Amazon Prime membership for 5% rate
Best For: Amazon Prime members, frequent Amazon shoppers, students and young professionals seeking lifetime free cards, and those who prefer consolidated shopping on one platform.
3. Swiggy HDFC Bank Credit Card – The Food Lover’s Delight
Why Choose This Card
Designed specifically for India’s food delivery enthusiasts, the Swiggy HDFC Bank Credit Card offers exceptional value for Swiggy users. With 10% cashback on Swiggy orders and complimentary Swiggy One membership, this card pays for itself if you order food even twice a month. Beyond Swiggy, it delivers strong cashback across dining, grocery, and entertainment categories.
Key Benefits
- 10% cashback on Swiggy food delivery and Instamart (up to ₹1,500/month)
- 5% cashback on online shopping, grocery, and partner brand spends
- Complimentary Swiggy One membership (worth ₹1,499) for 3 months on issuance
- 1% cashback on all other spends
- 8 complimentary airport lounge visits annually
- UPI payment integration enabled
- Virtual card available instantly upon approval
Fees & Charges
| Charge Type | Amount |
|---|---|
| Joining Fee | ₹500 + GST |
| Annual Fee | ₹500 + GST (from 2nd year) |
| Fee Waiver Condition | Spend ₹2,00,000 annually |
| Late Payment Charges | Up to ₹1,300 |
| Forex Markup | 3.5% + GST |
| Fuel Surcharge Waiver | 1% (on transactions ₹400-₹5,000) |
Pros
- Extremely high 10% returns on Swiggy orders
- Low annual fee that’s easily justified by benefits
- Complimentary Swiggy One membership saves delivery fees
- Good cashback across multiple online categories
- Quick digital issuance with instant virtual card
Cons
- ₹1,500 monthly cap on Swiggy cashback may limit heavy users
- Primarily benefits Swiggy users; limited value for non-users
- 5% cashback limited to select partner brands only
Best For: Regular Swiggy users, food delivery enthusiasts, millennials and Gen-Z customers, and urban residents who frequently order groceries online.
4. Flipkart Axis Bank Credit Card – E-commerce All-Rounder
Why Choose This Card
The Flipkart Axis Bank Credit Card caters to India’s massive Flipkart user base with industry-leading rewards on the platform. With unlimited 5% cashback during Flipkart sales and 4% year-round, plus excellent benefits on Myntra and partner brands, this card maximizes value for Flipkart ecosystem shoppers while maintaining decent returns on other purchases.
Key Benefits
- 5% unlimited cashback on Flipkart during sales periods
- 4% cashback on Flipkart and Cleartrip throughout the year
- 2% cashback on preferred merchants (Myntra, Swiggy, Uber, etc.)
- 1.5% cashback on all other spends including offline
- ₹500 welcome voucher (₹250 Flipkart + ₹250 Myntra)
- UPI enabled for contactless payments
- Virtual card provision for instant use
Fees & Charges
| Charge Type | Amount |
|---|---|
| Joining Fee | ₹500 + GST |
| Annual Fee | ₹500 + GST |
| Fee Waiver Condition | Spend ₹2,00,000 in a year |
| Late Payment Charges | Up to ₹1,100 |
| Forex Markup | 3.5% + GST |
| Fuel Surcharge Waiver | 1% (transactions above ₹400) |
Pros
- Highest cashback during Flipkart Big Billion Days and sales
- Unlimited earning potential with no monthly caps
- Broad partner merchant network including Myntra and travel platforms
- Reasonable annual fee structure
- Instant virtual card access post approval
Cons
- Maximum value limited to Flipkart ecosystem users
- Cashback credited as Flipkart rewards (not cash)
- No airport lounge access included
- Lower base rate (1.5%) on non-partner spends
Best For: Flipkart loyalists, online shopping enthusiasts, fashion shoppers on Myntra, and budget-conscious credit card users seeking value.
5. Citi Cashback Credit Card – Straightforward Rewards Leader
Why Choose This Card
The Citi Cashback Credit Card eliminates complexity with its straightforward earning structure. Offering flat 5% cashback on utilities, telecom, and groceries (categories where most Indians spend regularly), plus competitive rates on fuel and dining, this card delivers consistent value without requiring optimization across multiple categories or tracking complex bonus structures.
Key Benefits
- 5% cashback on utilities, telecom, groceries, and departmental stores
- 0.5% cashback on all other categories including fuel and dining
- Simple earning structure with no rotation or activation needed
- Cashback credited as statement credit automatically
- 4 complimentary domestic lounge visits per year
- UPI integration available
Fees & Charges
| Charge Type | Amount |
|---|---|
| Joining Fee | ₹500 + GST |
| Annual Fee | ₹500 + GST |
| Fee Waiver Condition | Spend ₹30,000 in previous quarter |
| Late Payment Charges | Up to ₹1,300 |
| Forex Markup | 3.5% + GST |
| Fuel Surcharge Waiver | 1% (₹400-₹4,000 per transaction) |
Pros
- High 5% cashback on essential spending categories
- Easy fee waiver with just ₹30,000 quarterly spend
- No category tracking or bonus activation required
- Reliable Citi customer service and mobile app
- Quick cashback crediting as statement credit
Cons
- Very low 0.5% cashback on non-bonus categories
- Limited lounge access compared to competitors
- No online shopping bonus category
- Being phased out as Citi exits India retail banking
Best For: Utility bill payers, families with high grocery spends, telecom-heavy users, and those seeking straightforward rewards without complexity.
6. HDFC Bank Millennia Credit Card – The Versatile Value King
Why Choose This Card
The HDFC Bank Millennia Credit Card strikes the perfect balance between rewards and fees, making it ideal for well-rounded spenders. With 5% cashback on shopping portals, 2.5% on HDFC SmartBuy, and 1% on most other spends, combined with generous milestone benefits and premium lounge access, this card delivers exceptional value across all spending categories without restricting you to specific platforms.
Key Benefits
- 5% CashPoints on shopping via partner merchants (Amazon, Flipkart, etc.)
- 2.5% reward rate on HDFC SmartBuy portal (flights, hotels, vouchers)
- 1% CashPoints on all other retail spends including offline
- 1,000 bonus CashPoints on spending ₹1 lakh per quarter
- ₹1,000 Amazon voucher as welcome benefit
- Domestic and international lounge access (4 domestic + 2 international annually)
- UPI linkable with reward earning enabled
- Virtual card for instant transactions
Fees & Charges
| Charge Type | Amount |
|---|---|
| Joining Fee | ₹1,000 + GST |
| Annual Fee | ₹1,000 + GST |
| Fee Waiver Condition | Spend ₹1,00,000 in previous year |
| Late Payment Charges | Up to ₹1,300 |
| Forex Markup | 3.5% + GST |
| Fuel Surcharge Waiver | 1% (₹400-₹4,000) |
Pros
- Excellent all-around rewards across multiple categories
- Quarterly milestone bonuses boost effective return rate
- International lounge access (rare in this fee segment)
- HDFC SmartBuy portal offers genuine travel savings
- Strong mobile app and customer service
Cons
- Rewards given as CashPoints (require redemption vs instant cashback)
- ₹1 lakh spend needed annually for fee waiver
- Redemption minimum threshold of ₹500
- Some partner exclusions apply to 5% rate
Best For: Balanced spenders across categories, travel enthusiasts seeking lounge access, HDFC ecosystem users, and professionals wanting premium features at mid-tier pricing.
Learn More About HDFC Millenia Card
7. Tata Neu Infinity HDFC Bank Credit Card – Tata Universe Supercard
Why Choose This Card
Launched in 2024, the Tata Neu Infinity HDFC Bank Credit Card integrates seamlessly with the Tata Neu super app ecosystem, offering exceptional rewards across Tata brands. If you shop at BigBasket, book on Taj Hotels, fly Air India, or use any Tata services, this card multiplies your rewards while offering premium benefits like unlimited lounge access and comprehensive insurance coverage.
Key Benefits
- 10% NeuCoins on Tata brands (BigBasket, Croma, Westside, Tata Cliq)
- 5% NeuCoins on other categories and UPI spends
- Unlimited domestic and international lounge access for primary cardholder
- Complimentary Tata Neu Plus membership (worth ₹2,999/year)
- Comprehensive insurance coverage (air accident up to ₹1 crore)
- Virtual card enabled
- UPI integration with rewards on UPI transactions
Fees & Charges
| Charge Type | Amount |
|---|---|
| Joining Fee | ₹1,500 + GST |
| Annual Fee | ₹1,500 + GST |
| Fee Waiver Condition | Spend ₹5,00,000 annually |
| Late Payment Charges | Up to ₹1,300 |
| Forex Markup | 3.5% + GST |
| Fuel Surcharge Waiver | 1% (transactions ₹400-₹5,000) |
Pros
- Best-in-class rewards across extensive Tata ecosystem
- Unlimited lounge access (including international)
- NeuCoins can be used as cash at Tata brands
- Comprehensive travel and insurance benefits
- Rewards on UPI payments (rare feature)
Cons
- Maximum value only for Tata brand users
- High annual fee with steep waiver requirement (₹5L spend)
- NeuCoins locked to Tata ecosystem
- Relatively newer card with evolving benefits
Best For: Tata brand loyalists, frequent BigBasket shoppers, business travelers using Air India, and premium users seeking unlimited lounge access.
Learn More HDFC Tata Neu Credit Card
8. Airtel Axis Bank Credit Card – Telecom and Bill Payment Specialist
Why Choose This Card
The Airtel Axis Bank Credit Card is purpose-built for Airtel users and those with recurring bill payments. With 10% cashback on Airtel services and 1% on utility bills, this card transforms mandatory monthly expenses into savings. Its lifetime free structure and decent rewards on movies and dining make it an excellent secondary card for specific spending categories.
Key Benefits
- 10% cashback on Airtel mobile, broadband, DTH recharges
- 10% cashback on Airtel Thanks app transactions
- 1% cashback on utility bill payments
- 25% discount on movie tickets via Airtel Thanks app
- Lifetime free with no joining or annual fee
- UPI enabled for quick payments
- Virtual card issued instantly
Fees & Charges
| Charge Type | Amount |
|---|---|
| Joining Fee | Nil |
| Annual Fee | Nil (lifetime free) |
| Fee Waiver Condition | Not applicable |
| Late Payment Charges | Up to ₹1,100 |
| Forex Markup | 3.5% + GST |
| Fuel Surcharge Waiver | Not applicable |
Pros
- Completely lifetime free with zero costs
- Exceptional 10% returns on Airtel ecosystem
- Utility bill payment rewards (rare feature)
- Movie ticket discounts add entertainment value
- Instant digital issuance
Cons
- Limited value outside Airtel ecosystem
- No airport lounge access
- No fuel surcharge benefits
- Base cashback rate relatively low at 1%
Best For: Airtel postpaid/broadband users, bill payment enthusiasts, movie buffs, and those seeking a no-fee supplementary card.
9. BOB Financial Cashback Credit Card – Banking Rewards Champion
Why Choose This Card
Bank of Baroda’s BOB Financial Cashback Credit Card focuses on maximizing returns for everyday banking activities and online purchases. With 5% cashback on online transactions and special benefits on fuel, this card from India’s public sector banking leader offers reliability, security, and solid rewards for conservative spenders who prefer established banking institutions.
Key Benefits
- 5% cashback on online spends (up to ₹5,000 monthly cap)
- 1% cashback on offline purchases
- Fuel surcharge waiver up to ₹200 per month
- 4 complimentary domestic lounge visits per year
- Cashback auto-credited to statement
- UPI linkable for digital payments
Fees & Charges
| Charge Type | Amount |
|---|---|
| Joining Fee | ₹999 + GST |
| Annual Fee | ₹999 + GST |
| Fee Waiver Condition | Spend ₹2,00,000 in previous year |
| Late Payment Charges | Up to ₹1,200 |
| Forex Markup | 3.5% + GST |
| Fuel Surcharge Waiver | Up to ₹200/month (₹500-₹3,000 transactions) |
Pros
- Strong 5% online cashback matching premium cards
- Public sector bank reliability and security
- Generous fuel surcharge benefits
- Straightforward earning and redemption
- Good customer service network
Cons
- ₹5,000 monthly cashback cap limits high spenders
- Annual fee waiver requires significant spend
- Limited premium features compared to private banks
- Slower digital innovation than fintech players
Best For: Public sector bank customers, conservative spenders, those prioritizing security, and customers with existing BOB banking relationships.
10. HSBC Cashback Credit Card – International Spender’s Choice
Why Choose This Card
HSBC Cashback Credit Card stands out with its global acceptance and competitive international transaction benefits. While offering solid domestic rewards, its true strength lies in reduced forex markups and worldwide customer support, making it ideal for frequent international travelers and those making foreign currency purchases. The card leverages HSBC’s global banking network for seamless experiences abroad.
Key Benefits
- 1.5% unlimited cashback on all domestic spends
- Reduced forex markup (2% + GST vs standard 3.5%)
- 6 complimentary domestic lounge visits annually
- 2 international lounge visits per year
- Comprehensive travel insurance coverage
- 24/7 global customer assistance
- UPI payment enabled
Fees & Charges
| Charge Type | Amount |
|---|---|
| Joining Fee | ₹1,500 + GST |
| Annual Fee | ₹1,500 + GST |
| Fee Waiver Condition | Spend ₹3,00,000 annually |
| Late Payment Charges | Up to ₹1,300 |
| Forex Markup | 2% + GST (best for foreign spends) |
| Fuel Surcharge Waiver | 1% (₹400-₹4,000) |
Pros
- Low 2% forex markup saves on international transactions
- Flat unlimited cashback without category tracking
- International lounge access included
- Global HSBC network support
- Comprehensive travel insurance
Cons
- Lower base cashback rate (1.5%) vs category-specific cards
- Higher annual fee with steep waiver threshold
- Limited domestic rewards compared to specialists
- Fewer partner brand offers in India
Best For: International travelers, NRIs and global professionals, foreign online shoppers (Amazon Global, etc.), and those seeking premium global banking services.
11. DBS Bank Bajaj Finserv Credit Card – Wallet and EMI Expert
Why Choose This Card
The DBS Bank Bajaj Finserv Credit Card uniquely combines cashback rewards with exclusive EMI financing benefits. Offering 5% cashback on wallet loads and partner merchants, plus interest-free EMI options on Bajaj Finserv network purchases, this card bridges credit card convenience with flexible financing, making it perfect for planned big-ticket purchases and digital wallet users.
Key Benefits
- 5% cashback on wallet reloads (Paytm, PhonePe, Amazon Pay)
- 5% cashback on Bajaj Finserv partner network purchases
- 2% cashback on departmental stores and supermarkets
- 0% interest EMI on electronics and appliances
- 1% cashback on all other spends
- Virtual card with instant digital access
- UPI integration enabled
Fees & Charges
| Charge Type | Amount |
|---|---|
| Joining Fee | ₹500 + GST |
| Annual Fee | ₹500 + GST |
| Fee Waiver Condition | Spend ₹1,50,000 in a year |
| Late Payment Charges | Up to ₹1,100 |
| Forex Markup | 3.5% + GST |
| Fuel Surcharge Waiver | 1% (transactions ₹500-₹3,000) |
Pros
- Rare 5% cashback on wallet loads
- Extensive Bajaj Finserv EMI network (1.3 lakh+ stores)
- Interest-free EMI on electronics saves significant money
- Reasonable annual fee with achievable waiver
- Quick approval leveraging Bajaj Finserv relationship
Cons
- Limited value outside wallet/Bajaj ecosystem
- No airport lounge access
- Cashback caps may apply on certain categories
- Relatively newer partnership with evolving benefits
Best For: Wallet-heavy users, planned big-ticket purchasers, electronics and appliance buyers, and existing Bajaj Finserv customers.
12. AU Bank Altura Credit Card – Premium Lifestyle Cashback
Why Choose This Card
The AU Bank Altura Credit Card targets affluent spenders seeking premium lifestyle benefits alongside substantial cashback. With accelerated rewards on luxury spending, comprehensive travel benefits, and exclusive brand partnerships, Altura delivers a premium credit card experience while maintaining competitive cashback rates across everyday categories, making it ideal for high-income professionals.
Key Benefits
- 3.5% reward rate on dining, international spends, and travel
- 2% cashback on online shopping and entertainment
- 1% cashback on all other retail purchases
- Unlimited domestic lounge access for primary and add-on cardholders
- 6 international lounge visits annually
- Comprehensive insurance (air accident cover up to ₹1 crore)
- Golf privileges and luxury concierge services
- UPI enabled with premium app experience
Fees & Charges
| Charge Type | Amount |
|---|---|
| Joining Fee | ₹2,000 + GST |
| Annual Fee | ₹2,000 + GST |
| Fee Waiver Condition | Spend ₹5,00,000 annually |
| Late Payment Charges | Up to ₹1,500 |
| Forex Markup | 3.5% + GST |
| Fuel Surcharge Waiver | 1% (transactions ₹400-₹5,000) |
Pros
- Unlimited domestic lounge access (including add-on cards)
- Strong rewards on premium lifestyle categories
- Comprehensive travel and insurance benefits
- Luxury concierge and golf privileges
- Premium AU Bank app with wealth management integration
Cons
- High annual fee requires substantial spending for value
- Steep ₹5 lakh requirement for fee waiver
- Lower rewards on everyday spending vs specialist cards
- Newer bank with smaller customer base
Best For: High-income professionals, luxury lifestyle seekers, frequent travelers, and AU Bank wealth management customers.
Comprehensive Comparison Table: All 12 Cashback Credit Cards
| Card Name | Annual Fee | Lifetime Free | Max Cashback Rate | UPI Linkable | Lounge Access (Domestic/International) | Virtual Card | Best For | Fee Waiver |
|---|---|---|---|---|---|---|---|---|
| SBI Cashback | ₹999 | No | 5% (online) | Yes | 4/0 | Yes | Online shoppers | ₹2L spend |
| Amazon Pay ICICI | Nil | Yes | 5% (Amazon) | Yes | 4/0 | Yes | Amazon users | N/A |
| Swiggy HDFC | ₹500 | No | 10% (Swiggy) | Yes | 8/0 | Yes | Food delivery | ₹2L spend |
| Flipkart Axis | ₹500 | No | 5% (Flipkart) | Yes | 0/0 | Yes | Flipkart shoppers | ₹2L spend |
| Citi Cashback | ₹500 | No | 5% (utilities) | Yes | 4/0 | No | Bill payers | ₹30K/quarter |
| HDFC Millennia | ₹1,000 | No | 5% (partners) | Yes | 4/2 | Yes | All-rounders | ₹1L spend |
| Tata Neu Infinity | ₹1,500 | No | 10% (Tata brands) | Yes | Unlimited/Unlimited | Yes | Tata ecosystem | ₹5L spend |
| Airtel Axis | Nil | Yes | 10% (Airtel) | Yes | 0/0 | Yes | Airtel users | N/A |
| BOB Cashback | ₹999 | No | 5% (online) | Yes | 4/0 | No | Public bank users | ₹2L spend |
| HSBC Cashback | ₹1,500 | No | 1.5% (all) | Yes | 6/2 | No | International spenders | ₹3L spend |
| DBS Bajaj Finserv | ₹500 | No | 5% (wallets) | Yes | 0/0 | Yes | Wallet users | ₹1.5L spend |
| AU Altura | ₹2,000 | No | 3.5% (lifestyle) | Yes | Unlimited/6 | Yes | Premium spenders | ₹5L spend |
Detailed Feature Comparison
| Card | Reward Cap (Monthly) | Welcome Bonus | Fuel Rewards | Grocery Rewards | Travel Benefits | App Rating | Forex Markup |
|---|---|---|---|---|---|---|---|
| SBI Cashback | ₹5,000 | None | 1% | 1% | Airport lounge | 4.2/5 | 0% |
| Amazon Pay ICICI | Unlimited | ₹500 gift card | 1% | 1% | Lounge access | 4.4/5 | 3.5% |
| Swiggy HDFC | ₹1,500 | 3-month Swiggy One | 1% | 5% | Lounge access | 4.3/5 | 3.5% |
| Flipkart Axis | Unlimited | ₹500 voucher | 1.5% | 1.5% | None | 4.1/5 | 3.5% |
| Citi Cashback | Varies | None | 0.5% | 5% | Lounge access | 4.0/5 | 3.5% |
| HDFC Millennia | ₹1,000/quarter bonus | ₹1,000 voucher | 1% | 1% | Int’l + domestic lounge | 4.5/5 | 3.5% |
| Tata Neu Infinity | Unlimited | Neu Plus membership | 5% | 10% | Unlimited lounge | 4.2/5 | 3.5% |
| Airtel Axis | Unlimited | None | None | 1% | None | 4.0/5 | 3.5% |
| BOB Cashback | ₹5,000 | None | Waiver ₹200/month | 1% | Lounge access | 3.9/5 | 3.5% |
| HSBC Cashback | Unlimited | None | 1.5% | 1.5% | Int’l + domestic lounge | 4.1/5 | 2% |
| DBS Bajaj Finserv | Varies | None | 1% | 2% | None | 4.0/5 | 3.5% |
| AU Altura | Unlimited | None | 1% | 2% | Unlimited domestic + int’l | 4.3/5 | 3.5% |
How to Choose the Right Cashback Credit Card for Your Needs
Selecting the best cashback credit card requires aligning the card’s strengths with your spending patterns. Here’s how to find your perfect match:
For UPI-Heavy Users
If you primarily transact through UPI for payments, consider these factors:
Top Picks: Tata Neu Infinity HDFC Bank (5% on UPI), HDFC Millennia (1% on UPI)
UPI has become India’s preferred payment mode with over 10 billion transactions monthly. While most credit cards support UPI, few actually reward these transactions. The Tata Neu Infinity stands out by offering 5% NeuCoins on UPI spends, while HDFC Millennia provides 1% rewards. Look for cards that explicitly mention UPI rewards in their terms, and verify if there are monthly caps on UPI transaction rewards.
Decision Checklist:
- Does the card earn rewards on UPI transactions?
- Are there separate monthly caps for UPI rewards?
- Can you link the card to your preferred UPI app (GPay, PhonePe, Paytm)?
For Online Shoppers
Digital shopping dominates Indian consumer behavior, accounting for over 70% of credit card transactions.
Top Picks: SBI Cashback (5% online), Amazon Pay ICICI (5% on Amazon), Flipkart Axis (4-5% on Flipkart)
Match your card to your preferred platform. Amazon loyalists should choose Amazon Pay ICICI for unlimited 5% returns. Flipkart shoppers benefit from the Flipkart Axis card’s sale-time bonuses. For platform-agnostic shopping across multiple sites, the SBI Cashback delivers consistent 5% returns on all online transactions, though with a ₹5,000 monthly cap.
Decision Checklist:
- Which e-commerce platform do you use most frequently?
- Do you shop across multiple platforms or concentrate on one?
- What’s your average monthly online spending?
For Travelers
Travel enthusiasts need cards that balance rewards with travel-specific benefits like lounge access and insurance.
Top Picks: HDFC Millennia (2.5% on travel + int’l lounge), AU Altura (3.5% travel + unlimited lounge), Tata Neu Infinity (10% on Air India + unlimited lounge)
Consider both domestic and international travel patterns. The HDFC Millennia offers the best value for occasional travelers with its SmartBuy portal benefits and international lounge access at a reasonable fee. For frequent flyers, AU Altura’s unlimited domestic lounge access and Air India enthusiasts benefit from Tata Neu’s 10% NeuCoins.
Decision Checklist:
- How many times do you travel annually (domestic/international)?
- Do you book flights and hotels regularly?
- Is airport lounge access important to you?
For Fuel & Grocery Spenders
Essential spending categories that occur regularly offer consistent cashback opportunities.
Top Picks: Citi Cashback (5% groceries), Swiggy HDFC (5% groceries), SBI Cashback (1% fuel + zero forex for international)
Grocery spending varies by family size and shopping habits. Cards like Citi Cashback and Swiggy HDFC offer 5% on grocery purchases, which translates to ₹500 monthly savings on ₹10,000 grocery bills. For fuel, most cards offer 1% with surcharge waivers. The BOB Cashback provides a generous ₹200 monthly fuel surcharge waiver.
Decision Checklist:
- What’s your monthly grocery bill?
- Do you prefer online grocery delivery or offline shopping?
- How much do you spend on fuel monthly?
For Lifestyle & Dining Benefits
Entertainment, dining, and lifestyle spending deserves rewards too.
Top Picks: Swiggy HDFC (10% food delivery), AU Altura (3.5% dining), Tata Neu Infinity (10% Tata brands)
Food delivery users should prioritize the Swiggy HDFC card’s 10% cashback plus complimentary Swiggy One membership. For restaurant dining, AU Altura provides 3.5% returns. Cinema lovers benefit from Airtel Axis’s 25% discount on movie tickets through the Airtel Thanks app.
Decision Checklist:
- How often do you order food delivery?
- Do you dine out frequently at restaurants?
- Are entertainment and lifestyle purchases a significant part of your budget?
Quick Decision Flowchart
Start here: What’s your primary spending category?
- Amazon shopping → Amazon Pay ICICI (5% unlimited)
- General online shopping → SBI Cashback (5% across platforms)
- Food delivery (Swiggy) → Swiggy HDFC (10% + free Swiggy One)
- Flipkart shopping → Flipkart Axis (5% during sales)
- Bill payments & utilities → Citi Cashback (5% utilities) or Airtel Axis (10% Airtel)
- International travel/spends → HSBC Cashback (2% forex) or SBI Cashback (0% forex)
- Tata brand ecosystem → Tata Neu Infinity (10% across Tata)
- Premium lifestyle → AU Altura (unlimited lounge + lifestyle rewards)
- All-round balanced spending → HDFC Millennia (5% partners + travel benefits)
- Wallet reloads & EMI → DBS Bajaj Finserv (5% wallets + 0% EMI)
Frequently Asked Questions (FAQs)
What are the best cashback credit cards in India for 2026?
The top cashback credit cards in India for 2026 include the SBI Cashback Credit Card for online shopping (5% cashback), Amazon Pay ICICI Bank Credit Card for Amazon purchases (5% unlimited), and HDFC Bank Millennia for balanced spending (5% on partners). Swiggy HDFC offers the highest cashback for food delivery at 10%, while Tata Neu Infinity provides 10% on Tata brand purchases. Your best choice depends on your spending patterns.
Which credit card gives the highest cash back in India?
The Swiggy HDFC Bank Credit Card and Tata Neu Infinity HDFC Bank Credit Card both offer 10% cashback, the highest rates in India. However, these apply to specific categories—Swiggy for food delivery orders and Tata Neu for Tata brand purchases. For general spending, the SBI Cashback Credit Card’s 5% on all online transactions offers the highest unrestricted cashback rate available in 2026.
Are there any best cash back credit cards with no annual fee?
Yes, two excellent lifetime free cashback credit cards are available: the Amazon Pay ICICI Bank Credit Card (5% on Amazon for Prime members) and the Airtel Axis Bank Credit Card (10% on Airtel services). Both cards have zero joining fees, zero annual fees, and no minimum spend requirements, making them perfect for those who want cashback benefits without any costs.
How do I maximize cashback rewards on my credit card?
To maximize cashback rewards, align your card with your spending categories. Use the SBI Cashback for online shopping, Amazon Pay ICICI for Amazon purchases, and Swiggy HDFC for food delivery. Pay your bills in full to avoid interest charges that negate cashback benefits. Track monthly caps to optimize rewards, and consider holding 2-3 cards to cover different spending categories. Always use your credit card for purchases where you earn the highest cashback rate.
What’s better: cashback credit cards or travel reward cards?
Cashback credit cards offer simplicity and immediate value since you receive actual money back that can offset your bill or transfer to your account. Travel cards are better if you travel frequently and can optimize point transfers to airline miles. For most Indians who travel occasionally, best cash back credit cards provide more practical value since they reward everyday spending without requiring complex redemptions or worrying about point devaluation.
Can I use cashback credit cards for UPI payments?
Yes, most modern cashback credit cards support UPI linkage through RuPay network or direct bank integration. Cards like Tata Neu Infinity HDFC (5% on UPI), HDFC Millennia (1% on UPI), and SBI Cashback all allow UPI payments. However, verify if your specific card earns rewards on UPI transactions, as some cards exclude UPI from cashback earning categories.
How is cashback credited on credit cards?
Cashback crediting methods vary by card issuer. Most cards like SBI Cashback and Amazon Pay ICICI credit cashback as statement credit that directly reduces your outstanding bill. Cards like Flipkart Axis provide cashback as platform rewards (Flipkart vouchers), while Tata Neu issues NeuCoins usable across Tata brands. HDFC cards provide CashPoints that require redemption. Typically, cashback is credited within 2-3 business days to 60 days depending on the card.
What are the best credit cards for cash back on online shopping?
The SBI Cashback Credit Card leads with 5% cashback on all online shopping with a ₹5,000 monthly cap. For platform-specific shopping, Amazon Pay ICICI offers 5% unlimited on Amazon, Flipkart Axis provides 5% during sales (4% regular) on Flipkart, and Swiggy HDFC gives 5% on partner brands. HDFC Millennia offers 5% on shopping through its partner portal including Amazon and Flipkart.
Do cashback credit cards have foreign transaction fees?
Most cashback credit cards charge a 3.5% + GST forex markup on international transactions. Notable exceptions include the SBI Cashback Credit Card (0% forex markup—best for international spending) and HSBC Cashback (2% forex markup). If you frequently shop from international websites or travel abroad, choose cards with lower forex markups to maximize your net cashback returns.
Can I get cashback on fuel purchases with these cards?
Most cashback credit cards offer 1% fuel rewards with surcharge waivers on transactions between ₹400-₹5,000. The BOB Financial Cashback Card provides a generous ₹200 monthly fuel surcharge waiver, while SBI Cashback offers 1% cashback with surcharge waiver on ₹500-₹3,000 transactions. However, dedicated fuel cards typically offer better returns (2.5-3%) if fuel is your primary spending category.
What’s the difference between cashback and reward points?
Cashback is actual money credited to your account or statement, offering straightforward value (e.g., 5% cashback = ₹5 for every ₹100 spent). Reward points require redemption through catalogs, transfers, or vouchers, often with varying valuations. Cashback eliminates redemption complexity and point devaluation risks. Cards like HDFC Millennia use “CashPoints” which are technically reward points but can be redeemed as cash, offering a middle ground.
Are lifetime free cashback credit cards worth it?
Absolutely! Lifetime free cards like Amazon Pay ICICI (5% on Amazon) and Airtel Axis (10% on Airtel) deliver excellent value without any costs. You earn cashback rewards with zero joining or annual fees. These cards are perfect for students, first-time credit card users, or as supplementary cards for specific spending categories. However, premium paid cards often offer higher cashback rates and additional benefits that justify their fees for high spenders.
How much can I save annually with the best cashback credit card?
Your savings depend on spending patterns. For example, spending ₹50,000 monthly online with SBI Cashback (5%) earns ₹30,000 cashback annually (considering the ₹5,000 monthly cap). Amazon Prime members spending ₹30,000 monthly on Amazon with Amazon Pay ICICI (5% unlimited) save ₹18,000 yearly. Strategic card usage across categories can generate ₹40,000-₹60,000 annual cashback for families spending ₹3-4 lakhs yearly.
Which banks offer the best cash back credit cards?
HDFC Bank leads with multiple strong offerings (Millennia, Swiggy, Tata Neu Infinity). SBI Card offers the market-leading SBI Cashback for online shopping. ICICI Bank’s Amazon Pay card dominates the lifetime-free category. Axis Bank provides excellent platform-specific cards (Flipkart, Airtel). For premium segments, AU Bank and HSBC offer sophisticated cashback programs with travel benefits.
Conclusion: Choose Your Perfect Cashback Credit Card
The Indian credit card landscape in 2026 offers unprecedented cashback opportunities, with cards delivering 5-10% returns on strategic spending categories. The key to maximizing value lies in matching the right card to your spending DNA rather than chasing the highest published cashback rate.
For online shopping enthusiasts, the SBI Cashback Credit Card remains unbeatable with its 5% flat return on all digital transactions and zero forex markup. Amazon loyalists should immediately get the Amazon Pay ICICI Bank Credit Card—its lifetime-free structure and unlimited 5% cashback make it a no-brainer for Prime members. Food delivery addicts will recoup the modest annual fee of the Swiggy HDFC Bank Credit Card within weeks through 10% cashback and complimentary Swiggy One membership.
The versatile HDFC Bank Millennia Credit Card stands out as the best all-rounder, balancing strong cashback across multiple categories with premium benefits like international lounge access—perfect for professionals with diverse spending needs. Meanwhile, Tata ecosystem users shopping at BigBasket, Croma, or booking through Tata brands will find exceptional value in the Tata Neu Infinity, whose 10% NeuCoins and unlimited lounge access justify its premium positioning.
Budget-conscious users or those building credit should start with lifetime-free options—the Amazon Pay ICICI or Airtel Axis Bank cards offer genuine value without any costs. High earners seeking premium experiences should explore the AU Bank Altura with its luxury concierge services and unlimited lounge access.
Remember, the best cash back credit card isn’t necessarily the one with the highest advertised rate—it’s the one that aligns with where you actually spend your money. Most savvy users maintain 2-3 cards: one for their primary spending category (online shopping, food delivery, or specific platforms), one lifetime-free card as backup, and possibly a premium card for travel benefits.
Take 10 minutes to analyze your last three months’ spending across categories. Then choose accordingly. Whether you’re earning ₹500 monthly on a free card or ₹3,000+ on a premium card, cashback rewards transform necessary expenses into tangible savings.
Ready to start earning cashback on every transaction? Compare the cards above, select the one matching your lifestyle, and apply today. Your future self will thank you when those cashback credits start accumulating month after month.
Next Read: Best Rupay Credit Card in India
Your wallet deserves smarter money. Choose your cashback credit card wisely.
Additional Resources
- RBI Credit Card Guidelines – Official regulations governing credit cards in India
- NPCI Payment Systems – Information on UPI and RuPay network
- Compare Credit Cards – Independent comparison platform for credit cards
Disclaimer: Credit card terms, fees, and benefits are subject to change. Please verify current offers directly with the respective banks before applying. Cashback rates and rewards mentioned are accurate as of December 2025.
This article may contains affiliate links. We may earn a commission when you apply through our links, at no extra cost to you.
