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India's Top Cashback Credit Cards
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.
Issuing Bank
State Bank of India
Co-Brand
Reward Type
Cashback
Reward Credit
Cashback is credited to credit card balance within two working days of statement generation
Joining Fee
₹999 + GST
Annual Fee
₹999 + GST
Domestic Lounge
0
International Lounge
0
SBI Cashback Credit Card
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.
Online Spends
5% Cashback upto ₹2,000 per month
- Merchant EMI
- Flexipay EMI
- Utility
- Insurance
- Fuel
- Rent
- Wallet
- School & Educational Services
- Jewelry
- Railways
- Card, Gift, Novelty & Souvenir Shops
- Digital Gaming Platforms
- Tolls
- Government Transactions
Offline Spends
1% Cashback upto ₹2,000 per month
- Merchant EMI
- Flexipay EMI
- Utility
- Insurance
- Fuel
- Rent
- Wallet
- School & Educational Services
- Jewelry
- Railways
- Card, Gift, Novelty & Souvenir Shops
- Digital Gaming Platforms
- Tolls
- Government Transactions
Fuel Surcharge
1% Waiver upto ₹100 per month
- Transaction of ₹500 to ₹3000 excluding GST & other charges
Get additional cashback on applying for a new credit card
- Some cashback offers on newly launched cards could cover the joining and annual fees for 2-5 years
- Cashback is applicable on Lifetime free cards
- Some offers do not apply to existing cardholders of the bank
- Withdraw cashback to bank account via NEFT
- Withdraw cashback as Amazon or Flipkart gift cards
- Minimum withdrawal is ₹250
Additional Rewards on updating your email address on online stores to a smart spam-free inbox designed for shopping
- Create a new email inbox
- Update your profile on online stores with this new email
- The inbox automatically tracks new orders
- Reward Coins will be credited depending on the ongoing offers
- Redeem the coins for vouchers or additional brand discounts