Cashback credit cards offer a percentage of the spending back as cash rewards. It essentially means savings on every rupee spent. Apart from cashback, credit cards often come with additional benefits like discounts on partner merchants, travel benefits, lounge access, and others, which can further enhance savings.
Effective March 21, 2026 - Monthly cashback cap increased to ₹2,000 (from ₹1,500). Per-merchant cap ₹600 (from ₹500). New ₹200 transaction-wise cap introduced.
Effective April 1, 2026 - Monthly cashback cap reduced from ₹5,000 to ₹4,000 (5% upto ₹2,000 + 1% upto ₹2,000). New exclusions: digital gaming platforms, tolls, government transactions.
Effective April 12, 2026 - Lounge access removed entirely. Cashback on Airtel bills (25%) capped at 2x base cashback earned. Cashback on utilities (10%) capped at 1x base cashback earned. Cashback on Swiggy, Zomato, BigBasket capped at ₹500 per month.