Best Cashback Credit Cards in India
Cashback rates are meaningful only after caps, excluded merchant categories and annual fees. This shortlist includes cards with dated issuer evidence and a clearly recorded cashback proposition.
Cards below are ordered by recurring annual fee, then forex markup and product name—not by affiliate payout. “Best” means a relevant evidence-led shortlist; your personal winner requires wallet-level comparison.
What to check before applying
- Compare the spend required to reach each monthly cashback cap.
- Check utilities, insurance, education, fuel, rent and government exclusions.
- Subtract the annual fee and GST unless your eligible spend clears the waiver.
Amazon Pay ICICI
₹0
1% in Amazon Pay balance
1.99%
Visa, RuPay
Best suited to: amazon, cashback, first card, lifetime free. Recorded exclusions: fuel, rent, gift cards, wallet load.
Review rewards, caps, fees and issuer evidence →Axis Bank ACE
₹499
1.5% in Cashback
3.5%
Visa
Best suited to: bills utilities, cashback, flat rate. Recorded exclusions: fuel, rent, wallet load, emi, utility, telecom, education, government.
Review rewards, caps, fees and issuer evidence →SimplyCLICK SBI Card
₹499 + GST
1 Reward Point per ₹100 on eligible spends
3.5%
Visa, Mastercard, RuPay
Best suited to: online shopping, first card, low fee. Recorded exclusions: fuel, rent, wallet load, government, digital gaming, cash advance.
Review rewards, caps, fees and issuer evidence →Flipkart Axis Bank
₹500 + GST
1% cashback on other eligible spends
3.5%
Visa, RuPay
Best suited to: flipkart, myntra, cashback, online shopping. Recorded exclusions: fuel, rent, wallet load, gift card, emi, insurance, utility, telecom.
Review rewards, caps, fees and issuer evidence →Swiggy HDFC
₹500 + GST
1% statement cashback on eligible other-category spend
3.5%
Mastercard
Best suited to: food delivery, online shopping, young professional. Recorded exclusions: fuel, rent, jewellery, government, wallet load, gift card, cash advance.
Review rewards, caps, fees and issuer evidence →HDFC Bank Swiggy Ornge
₹500 + GST
1% in Cashback
3.5%
Mastercard
Best suited to: food delivery, swiggy, cashback. Recorded exclusions: fuel, rent, wallet load, government, gaming, education, jewellery, emi.
Review rewards, caps, fees and issuer evidence →Cashback SBI Card
₹999 + GST
1% cashback on eligible offline point-of-sale spend
3.5%
Visa, RuPay
Best suited to: online shopping, cashback, first card. Recorded exclusions: fuel, rent, wallet load, utility, insurance, school, jewellery, railways.
Review rewards, caps, fees and issuer evidence →HSBC Live+
₹999 + GST
1.5% in Cashback
3.5%
Visa
Best suited to: dining, grocery, food delivery, cashback. Recorded exclusions: fuel, rent, wallet load, emi, insurance, utilities.
Review rewards, caps, fees and issuer evidence →HDFC Bank Millennia
₹1,000
1% in CashPoints
3.5%
Visa, Mastercard
Best suited to: online shopping, first card, young professional. Recorded exclusions: fuel, rent, wallet load, emi, government.
Review rewards, caps, fees and issuer evidence →HDFC Bank Swiggy BLCK
₹1,000 + GST
1% in Cashback
3.5%
Mastercard
Best suited to: food delivery, swiggy, cashback. Recorded exclusions: fuel, rent, wallet load, government, gaming, education, jewellery, emi.
Review rewards, caps, fees and issuer evidence →Bank of Baroda (BOBCARD) Eterna
₹2,499 + GST
3 RP/₹100 (worth ₹0.75 as cashback)
2%
Visa Signature
Best suited to: online shopping, domestic lounge, fitness, value premium. Recorded exclusions: fuel, rent, wallet load, cash withdrawal, emi, grocery, insurance, education.
Review rewards, caps, fees and issuer evidence →Frequently asked questions
Which is the best cashback credit cards in India?
There is no universal winner. The right card depends on your spending, cards already owned, realistic redemption value, annual fee, exclusions and issuer approval fit. CardMasters therefore presents a current evidence-led shortlist instead of one paid winner.
Does affiliate commission affect this shortlist?
No. Affiliate payout is not used to select, order or value cards. A card can appear without a monetized application link, and every tracked campaign is disclosed separately.
How current is the card information?
Every card on this page has a dated issuer-source record. The catalogue was last updated 2026-07-28, but credit-card terms can change after publication, so confirm final terms with the issuer.