Best Cash back Credit Cards in India 2024

In today's fast-paced world, we all want to make the most of every penny we spend. That's why savvy consumers turn to cashback credit cards to enhance their purchasing power. With the ability to earn rewards on everyday expenses, cashback credit cards have become increasingly popular among individuals seeking financial benefits while maintaining their spending habits. In this article, we'll explore some of the top cashback credit cards that you can consider for yourself.

But before we move forward, let us first discuss why you should consider a cashback credit card.

What are the benefits of cashback credit cards?

Cashback credit cards have several advantages over other types of rewards cards, such as:

1. They are simple and easy to use. You don’t have to worry about redeeming points or miles for specific items or services. You just get cashback on your purchases, which you can use for anything.
2. They offer real value for your money. Unlike points or miles, which may vary in value depending on how you use them, cashback is always worth the same amount. You can use it to pay off your credit card bill, transfer it to your bank account, or spend it as you wish.
3. They help you save money on your expenses. Using a cashback credit card for your regular spending can earn a significant amount of cash back over time. This can help you reduce your overall cost of living and achieve your financial goals faster.

Best Cashback Credit Cards in India for 2024

1. HDFC Bank Moneyback Credit Card 

Whether you are shopping for groceries, dining at your favourite restaurant, or fuelling your vehicle, the HDFC Bank Moneyback Credit Card ensures you earn money back on every transaction. With a host of exclusive benefits and features tailored to your lifestyle, this card is designed to enhance your financial well-being.

Features

Fees and Charges

Eligibility

• Applicant’s age should be between 21 to 65 years. 
• If the applicant is a salaried employee, they must have a monthly income of at least ₹25,000.
• If the applicant is self-employed, they must have an annual income of at least ₹6 lakh.

2. Flipkart Axis Bank Credit Card

The Flipkart Axis Bank Credit Card may be the best option if you're searching for a credit card that gives you limitless cashback on both your online and offline purchases. With this co-branded card from Axis Bank and Flipkart, you can receive 5% cashback on Myntra and Flipkart purchases, 4% cashback on purchases made with selected partners like Uber, Swiggy, PVR, Curefit, and more, and 1.5% cash back on all other purchases. With this card, you may benefit from online shopping and lifestyle purchases without worrying about your cashback cap or expiration date.

Features

Fees and Charges

Eligibility

Applicant’s age should be at least 18 years, and their monthly income should be between ₹15,000 and ₹30,000.

3. Samsung Axis Bank Credit Card

This credit card is designed to enhance your lifestyle, from cashback offers on Samsung products to accelerated rewards on dining, travel, and entertainment. This comes with a low annual fee of ₹500. You can also enjoy other benefits, such as complimentary airport lounge access, fuel surcharge waiver, dining delights, and priority pass membership. With the Samsung Axis Bank Credit Card, you can get exclusive benefits and privileges that are designed to be in sync with your ever-evolving world.

Features

Fees and Charges

Eligibility

Applicant’s age should be between 18 to 70 years, and they should be a resident of India.

4. CitiBank Cashback Credit Card

CitiBank Cashback Credit Card is one of the first credit cards that were introduced with the concept of cashback. From everyday expenses to special indulgences, the CitiBank Cashback Credit Card is your gateway to maximising savings and enjoying unparalleled rewards. This card offers up to 5% cashback on movie tickets, telephone bills, utilities, and many more categories. You also get a flat 0.5% cashback on all other spends, which accumulates automatically and helps you save as you spend.

Features

Fees and Charges

Eligibility

Applicant’s age should be at least 18 years and must have a stable source of income.

5. SBI Cashback Credit Card 

In the vast landscape of cashback credit cards, the SBI Cashback Credit Card stands out as a formidable contender, offering an array of benefits and rewards that can amplify your spending power. Issued by the State Bank of India, one of the country's largest and most trusted banks, this credit card is designed to provide you with a seamless and rewarding financial experience. With its attractive cashback rates, exclusive privileges, and user-friendly features, the SBI Cashback Credit Card presents a compelling opportunity to earn rewards on your everyday expenses while enjoying the perks of being an SBI cardholder.

Features

Fees and Charges

Eligibility

Applicants should be between 21 and 65 years old and should have a stable income and a decent credit history.

Conclusion

Cashback credit cards help you save money and get rewards across different categories like online shopping, movie tickets, utility bills, fuel, and more. But not all cashback credit cards are the same. They have different cashback rates, annual fees, eligibility criteria, and other benefits. So, you need to compare different cashback credit cards and choose the one that suits you. In this blog, we reviewed some of India's best cashback credit cards in 2024. 

If you want to compare and apply for these cards, you can visit Select by Finology, a platform that helps you find the best credit cards for your lifestyle. So, don't wait any longer. Compare and apply for the best cashback credit card in India 2024 today and enjoy saving more as you spend more.