Cashback cards
Best Cashback Credit Cards in India
Compare cashback credit cards by real annual value, caps, fees, exclusions, and online/offline reward math before applying.
Shortlist coverage8
6 issuers represented · best modeled value ₹8,613/yr
Top shortlist
Cards to compare first
Ranked from current card data, fee math, category fit, and modeled spend assumptions.
#1
HSBC · Visa
HSBC Live+ Credit Card
10% cashback on dining, food delivery and grocery spends (capped), with 1.5% on other eligible spends.
₹8,613estimated value/yr₹999annual fee4lounge access
Full details #2
HDFC · MasterCard
Swiggy BLCK HDFC Bank
10% on eligible Swiggy app spends, 5% at issuer-listed online merchants and 1% other eligible spends. September 2026 caps and minimum transaction rules apply.
₹8,514estimated value/yr₹1,000annual fee
Full details #3
HDFC · MasterCard
Swiggy Ornge HDFC Bank
5% on eligible Swiggy app spends, 5% at issuer-listed online merchants and 1% other eligible spends. September 2026 caps and minimum transaction rules apply.
₹6,624estimated value/yr₹500annual fee
Full details #4
Kotak · Visa
Cashback+
5% cashback on online food delivery, grocery and entertainment, 3% on fuel, and 0.5% on other eligible spends.
₹5,202estimated value/yr₹750annual fee
Full details #5
SBI · Visa
Flipkart SBI Card
5% cashback on Flipkart and Cleartrip, 7.5% on Myntra, 4% on preferred merchants, and 1% on other eligible spends.
₹5,112estimated value/yr₹500annual fee
Full details Pick cashback when redemption simplicity matters.
Cashback cards work best when you want direct statement value or wallet value without airline miles, transfer ratios, or catalogue redemption uncertainty.
Watch the cap before chasing the rate.
A 5% card with a low monthly cap can lose to a lower-rate card if your spend exceeds the cap or sits in excluded MCCs.
FAQ
Decision notes
Which cashback credit card is best in India?
The best card depends on spend category and monthly cap. Compare estimated annual value after fees instead of only headline cashback percentage.
Are lifetime-free cashback cards worth it?
Yes when your spend is moderate or you want simple no-fee value. Paid cards can still win if their cashback cap and waiver math fit your spend.