Best Cashback Credit Cards in India

Cash back credit cards are targeted at people who want a versatile and inexpensive way to save money or earn rewards on their spends. Additionally, you know exactly how much a dollar is worth and there's no ambiguity or a feeling of getting cheated upon. At FinTown, we spend thousands of hours researching financial products in India to help our customers make the best possible personal finance decisions. You can find below a comprehensive understanding of some of the best cash back credit cards.

Credit Card Annual Fee APR Annual Bonus
Citibank Cash back Credit Card INR 500 37.20% to 42% Nil
Standard Chartered Manhattan Platinum Credit Card INR 999 41.88% BookMyShow vouchers worth INR 2,000. 500 reward points
HDFC Bank Moneyback Credit Card INR 500 23.9% Nil
American Express Gold Card Joining Fee: INR 1,000 + taxes Annual Fee from second year onwards: INR 4,500 + taxes. No interest rate since it is a charge card 4,000 bonus reward points
SBI Elite Credit Card INR 4,999 40.2% INR 5,000
Standard Chartered Super value Titanium Card INR 750 41.88% BookMyShow vouchers worth INR 1,000. 500 reward points
IndusInd Pinnacle Credit Card Nil 45.96% Nil

Best Cashback Credit Cards in India - Reviews, Features & Benefits [Explained]

Citibank Cash back Credit Card (For Cash back)

The Citibank Cash back Credit Card is a good option for people who just started out with their jobs.This credit card offers 5% cash back on movie purchases, telephone payments, utility bill payments and a 0.5% cash back on all other spends. Additionally, it offers 15% discounts on dining bills.

Furthermore, one unique feature of this card is that you do not need to use your pin for transactions under INR 2000. However, this Citibank card does not provide any welcome gift. Nevertheless, the cash back benefits it offers compensates for the lack of welcome benefit.

Pros & Cons:

Reasons to Choose Reasons to Avoid
 5% Cash back on movies, telephone bills, utility payments  No welcome benefit
 Up to 15% dining discounts  High interest rate
 Low Annual Fee
 Contactless Payment

Rewards & Benefits:

  • Cash back categories:
    • - Cash Back of 5% on movie ticket purchases.
    • - 5% Cash Back on all your telephone bill payments.
    • - 5% Cash Back on all your utility bill payments made online through Citibank Online Bill Pay.
    • - 0.5% Cash Back on all other spends.
  • Dining discounts: Up to 15% savings across participating restaurants
  • Contactless payments: Contactless payment (without PIN) for transactions under INR 2,000.

Quick Figures:

Annual Fee INR 500
Annual Bonus Nil
APR A variable interest rate ranging between 37.20% and 42.00% per annum
Minimum Requirements Should be a salaried employee

The Citibank Cash back credit card is great for all those people who prioritize cash back over rewards. Although there's no welcome offer, the cash back that you earn compensates for the lack of introductory benefits.

Standard Chartered Bank Manhattan Platinum Credit Card

The Standard Chartered Bank Manhattan Platinum Credit Card is the most popular credit card offered by Standard Chartered Bank. It offers a cash back of 5% on all your grocery spends. However, the best feature of these credit cards is a 20% cash back on all your Uber rides. Additionally, the reward points on other spends are also very impressive. Therefore, all of these benefits make this card perfect for an urban dweller in India.

Pros & Cons:

Reasons to Choose Reasons to Avoid
 Low Annual Fee High Annual Percentage Rate
 Cash back on Uber  Minimum spend of INR 1000 for cash back
 Cash back on grocery spend  No airport lounge access
 Welcome benefit  No Fuel Surcharge Waiver

Rewards/Benefits:

  • Welcome Bonus: You get INR 2000 BookMyshow Voucher upon joining. Additionally, you will also get 500 reward points upon registering for mobile banking.
  • Uber Cash back: You would get 20% Cash back on Uber Rides. The total savings in Uber will amount to INR 600 a month and INR 7200 a year.
  • Cashback: With this credit card, you get a cash back of 5% on all your grocery spends.
  • Rewards: You earn 3X reward points on every INR 150 you spend on other categories (excluding grocery spends).

Quick Figures:

Annual Fee INR 999 Joining Fee: INR 499
Annual Bonus BookMyShow Voucher worth INR 2000 and 500 reward points.
APR 41.88%
Minimum Requirements A salaried individual; should be residing in credit card sourcing locations of the bank

This card is perfect for those seeking an entry-level card with good cash back and rewards options in metro cities. However, if you cannot make your credit card bill payments in full, then you should consider taking another credit card as the interest rate for this credit card is on the higher side.

HDFC Bank MoneyBack Credit Card

The HDFC MoneyBack Credit Card is known for its reward points that can be redeemed for cash easily. The most promising offer of this credit card, however, is the 2x reward points on online spends. 10 reward points can be redeemed for INR 40 for online spends.

Pros & Cons:

Reasons to Choose Reasons to avoid
 Reward points can be redeemed for cash  No airport lounge access
 Fuel Surcharge Waiver  No golf privileges
 Zero lost card liability  No welcome bonus

Rewards/Benfits:

  • Milestone Benefit: On spending INR 50,000 in a quarter, you get an e-voucher worth  INR 500.
  • Rewards Programme:
    • - 2 reward points on every INR 150 spent (except fuel). 100 reward points = INR 20
    • - 4 reward pointson every INR 150 spent on online spends.
  • Zero Lost Card Liability: As soon as you report the loss of your credit card, you are covered against any fraudulent charges.
  • Fuel Surcharge Waiver:1% Fuel Surcharge waived off on fuel transactions, which is capped at INR 250 per billing cycle.

Quick Figures:

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Annual Fee INR 500
Annual Bonus Nil
APR 41.88%
Minimum Requirements Should be a salaried employee

Despite the rewards programme it offers, the welcome benefits that it offers is not at par with the top credit cards in this segment. Nevertheless, the reward points that you earn for online spends is good enough for this card to make it to the list of best cash back credit cards in India.

American Express Gold Card

The American Express Gold Card is a charge card, where there is no interest rate. Nevertheless, you need to make your credit card payment in full on getting the monthly statement. Additionally, there is no pre-set limit for this card.  The redemption of reward points can be done from the 24 Karat Gold Collection and 18 Karat Gold Collection.

Pros & Cons:

Reasons to Choose Reasons to Avoid
 Membership Reward points  High Annual Fee
 Welcome reward points and rewards on Card Renewal  No golf games
 Redeem points from 18K and 24K gold collection  No cash back
 Earn 5,000 membership reward points
 No  pre-set credit limit

Rewards/Benefits:

  • Welcome Offer: The American Express Gold Card offers a welcome gift worth INR 1,000 i.e. 4,000 reward points.
  • Points Redemption: Points can be redeemed for vouchers from the 18 Karat and 24 Karat Gold Collection. Moreover, you earn 1 reward point on INR 50 spent, except for spend at Fuel, Insurance, Utilities and Cash Transactions.
  • Savings on Travel: With this card, you get good offers on MakeMyTrip.com.
  • No pre-set limit on your card: One of the unique features of this card is that there are no pre-set credit limits. The limits are decided by your income, credit history etc.

Quick Figures:

Annual Fee  Year 1: INR 1,000 Year 2 onwards: INR 4,500
Annual Bonus  INR 1,000.
APR  none (since this is a charge card)
Minimum Requirements  A minimum of INR 6 Lakh monthly income.

Since the American Express Gold Card is a charge card, no interest rate is levied. The best features of this card are the no pre-set credit limit and the redemption from 18 Karat and 24 Karat Gold Collection.

Standard Chartered Bank Super Value Titanium Credit Card

The Standard Chartered Bank Super Value Titanium Card offers good cash back in four categories i.e. fuel, telephone bill, utility payments and Uber rides. Additionally, premium banking customers are at an advantage since they get rewarded for international point of sale spends. Furthermore, the Good Life Programme offers discounts on travel, shopping and dining spends.

Pros & Cons:

Reasons to Choose Reasons to Avoid
 Cash  back on fuel, utility and phone bills  Rewards on international spends only for premium customers
 Cash back on Uber Rides  High interest rate
 Low Annual Fee No golf privileges
Additional 500 reward points on online booking

Rewards/Benefits:

  • Welcome Benefit: Earn 500 reward points on registering for online banking. Additionally, you get BookMyShow vouchers worth INR 1,500.
  • Cashback: 5 % cashback on fuel, telephone bills, utility spends and Uber rides.
  • Rewards Programme: 1 reward point on all fuel spends
  • Annual Fee Waiver: Annual Fee gets waived off on spending INR 60,000  a year

Quick Figures:

Annual Fee  INR 750
Annual Bonus  BookMyShow vouchers worth INR 1,000 and 500 reward points
APR  41.88%
Minimum Requirements  A salaried employee

The Standard Chartered Super Value Titanium is great when it comes to cash back, but it does not offer airport lounge access or golf privileges. Additionally, the interest rate for this card is also on the higher side. The best feature, however, is the 20% cash back on Uber rides, which is good for people taking a lot of Uber rides.

Bottom Line

Among all the cash back credit cards listed above, the SBI Bank Elite Credit Card offers the maximum annual bonus. If you are someone who wants a cash back credit card, without paying an annual fee, then the Indus Ind Pinnacle Credit Card is perfect for you. People with inadequate financial discipline should opt for a cash back credit card with low Annual Percentage Rate. The credit card that you can choose for maximum rewards and zero interest rate is the Amex Gold Card. However Amex Gold charges a high annual Fee.

Every cash back credit card has unique benefits and offers. While making a choice, you should opt for those credit cards that offer benefits that suit your own needs.

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