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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
Reward Points (1 Point = ₹1)
Reward Credit
Reward Points are credited within 48 hours and can be redeemed for statement credit or e-gift vouchers
Joining Fee
₹499 + GST
Annual Fee
₹499 + GST
Domestic Lounge
0
International Lounge
0
PhonePe Spends
3% Valueback upto ₹1,000 per month
- Mobile recharges & DTH
- Utility bill payments (electricity, gas, water)
- Insurance premiums
- Travel bookings (flights, hotels, buses, trains)
- Food ordering (Swiggy, Zomato) via PhonePe
- Movie tickets via PhonePe
- PhonePe PINCODE orders
- Only via PhonePe app
- Identified by PhonePe's merchant MID/TID
- Wallet loads
- Cash transactions
- Merchant EMI
- Fuel
Online Spends
2% Valueback upto ₹1,000 per month
- Amazon
- Swiggy (food & Instamart)
- Zomato
- Flipkart
- Myntra
- BigBasket
- Tata CLiQ
- Uber
- Nykaa
- BookMyShow
- MakeMyTrip
- Blinkit
- District
- Zepto
- Rapido
- PhonePe app transactions (already covered above)
- Wallet loads
- Merchant EMI
- Fuel
Other Spends
1% Valueback upto ₹1,000 per month
- All UPI transactions via RuPay card (Scan & Pay)
- All other card spends
- Utilities and Insurance transactions (MCC 4900, 4814, 4899, 5960, 6300, 6380) outside PhonePe capped at ₹250 per month
Fuel Surcharge Waiver
1% waiver upto ₹100 per month
- Transaction amount between ₹500 and ₹3,000
- Only at fuel stations in India
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