Top 6 Cashback Credit Card in India- 2024 list - IndiaLends
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Indialends, 01 Oct 2025

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Best Cashback Credit Card in India- 2024

What is LAMF Finance Charges (Interest Rates) Late Payment Fees Cash Advance Fees



In today's digital world, credit cards have become an integral part of our daily lives. But with so many options available, choosing the right card can be overwhelming. If you're looking to earn rewards on your everyday spending, cashback credit cards offer a simple and rewarding way to save money.


This blog explores some of the top cashback credit cards currently available in India, highlighting their key features, benefits, and eligibility criteria to help you find the perfect card for your needs.

Cashback SBI Card


If you are a frequent online shopper, the Cashback SBI Credit Card can be a great choice for you. This card offers cashback on almost all online and offline shopping transactions. What makes this card stand out in the list of top cashback credit cards is that this card comes with no limitations on brands.

Joining Fee: ₹999

Annual Fee: ₹999

Let’s look at some of the features of this cashback credit card:

  • 1% cashback on all offline transactions.
  • 5% cashback on all online transactions without any limitations.
  • 1% fuel surcharge waiver on all petrol pumps across India.
  • Cashback will be automatically credited to your account in 2 days.

Axis Bank ACE Credit Card


If you regularly order food from Swiggy or Zomato or use the Ola app for bookings quite often, then the Axis Bank ACE Credit card might be the most appropriate choice for you.

Joining Fee: ₹499

Annual Fee: ₹499
 

Let’s look at some benefits of the Axis Bank ACE Credit Card:

  •          5% cashback on bill payments via Google Pay (on internet, electricity, DTH, etc.)
  •          2% cashback on all other spends.
  •          4 domestic airport lounge access every year.
  •          4% cashback on OLA rides.
  •          4% cashback on Swiggy and Zomato.
  •          1% fuel surcharge waiver is at all petrol stations across India.
  •           Convert your transactions into easy EMIs.
  •  

AU Bank Altura Credit Card


If you are looking for a cashback card that offers both rewards and cashback, you should get an AU Bank Altura Credit Card.

Joining Fee: ₹199

Annual Fee: ₹199

Let's look at the benefits of the AU Bank Altura Credit Card:

  •           2% cashback on all grocery stores and departmental stores spends
  •           1% cashback on all other retail spends.
  •           2 railway lounge access per quarter.
  •           1% fuel surcharge waiver across all fuel stations in India.
  •           5% cashback on ₹2500 spent within the first 60 days of card issuance.


HDFC Bank Millennia Credit Card


The HDFC Bank Millennia Credit Card is by far one of the most popular cashback credit cards. The reason why this card made it to the best cashback credit cards list is the brands it offers cashback on. Swiggy, Zomato, Amazon, BookMyShow, and much more

Joining Fee: ₹1000

Annual Fee: ₹1000

Let’s look at the benefits of HDFC Bank Millennia Credit Card:

  •           5% cashback on Amazon, Cult.fit, Flipkart, Myntra, SonyLIV, Swiggy, TataCLIQ, Uber and Zomato
  •           1% cashback on all online and offline transactions
  •           8 domestic lounge access per year
  •           5% cashback on flights and hotel reservations
  •           Upto 20% discount on partner restaurants via Swiggy dineout
  •           1% fuel surcharge waiver on all fuel stations in India.

Amazon Pay ICICI Bank Credit Card

 
Amazon Pay ICICI Bank Credit Card can help you earn cashback on every transaction. Each time you pay using Amazon Pay ICICI Credit Card, you get rewards and cashback. The best part is that this card is lifetime-free, which is just a cherry on top.

Joining Fee: NIL

Annual Fee: NIL

Let’s look at the benefits of this card:

  •           5% cashback on transactions made on Amazon (for prime members)
  •           3% cashback on transactions made on Amazon (for non-prime members)
  •           1% cashback on all other transactions
  •           1% fuel surcharge waiver at all fuel stations across India
  •           For Amazon prime members - ₹2000 vouchers, for non-prime members- ₹1500 vouchers+3 months Amazon membership as welcome benefits.

Choosing the Right Card:

 
Choosing the best cashback credit card depends on your individual spending habits and priorities. Consider factors like:
Cashback rate and categories: Analyse the cashback rates offered by different cards and identify categories that align with your spending patterns.
Annual fees and charges: Compare annual and other charges associated with each card to avoid hidden costs.
Eligibility criteria: Ensure you meet the eligibility criteria, such as minimum income requirements, before applying.

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FAQ’s

Loan against mutual funds (LAMF) allows you to borrow cash against your mutual fund investments as collateral. You can use Volt Money to lien mark your mutual funds digitally to avail an instant limit without losing the ownership of your mutual funds and all the associated benefits with it. Funds will be made available in the form of an overdraft facility.

The annual fee for the Axis Privilege Card is typically Rs. 1,500 plus taxes. This fee can be waived if the cardholder achieves an annual spending milestone, though the exact spending amount for the waiver can vary by card variant. For example, a common waiver condition is spending above Rs. 2.5 lakh in an anniversary year.

Luxe Vouchers are digital gift cards that can be redeemed across popular luxury and lifestyle brands such as Myntra, Flipkart, Pantaloons, and more. Once you qualify for the offer, the voucher code will be sent directly to your registered email ID or mobile number. In most cases, vouchers are delivered within 5–7 working days after successful validation of your transaction or application.

Yes, you can apply even with a low CIBIL score, but your chances of approval may be limited. Most banks and lenders prefer a CIBIL score of 750 or above for quick approval and better interest rates. If your score is lower, some lenders may still consider your application based on other factors such as your income, employment stability, or existing relationship with the bank. However, you may be offered a lower loan amount or higher interest rate. Improving your credit score before applying can increase your chances of getting approved on favorable terms.

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