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.

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Shortlist coverage8

4 issuers represented · best modeled value ₹8,892/yr

Net annual value, not headline cashback
Caps and exclusions checked
Lifetime-free tradeoffs included
Top shortlist

Cards to compare first

Ranked from current card data, fee math, category fit, and modeled spend assumptions.

#1
Airtel Axis Bank
Axis · Visa

Airtel Axis Bank

25% cashback on Airtel recharges/bills, 10% on utility bill payments and eligible food/grocery partners, plus 1% on other spends.

₹8,892estimated value/yr₹500annual fee11lounge rows
Full details
#2
Flipkart Axis Bank Credit Card
Axis · MasterCard

Flipkart Axis Bank Credit Card

5% Unlimited Cashback on Flipkart (with conditions)

₹8,892estimated value/yr₹500annual fee42lounge rows
Full details
#3
HSBC Live+ Credit Card
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 fee66lounge rows
Full details
#4
Swiggy BLCK HDFC Bank
HDFC · MasterCard

Swiggy BLCK HDFC Bank

New March 2026 Swiggy BLCK variant: 10% cashback on Swiggy, 5% on eligible online spends, and 1% on other eligible spends.

₹8,514estimated value/yr₹1,000annual fee
Full details
#5
Swiggy HDFC Bank
HDFC · MasterCard

Swiggy HDFC Bank

Legacy Swiggy HDFC profile (10%/5%/1%) retained for existing holders; new acquisition stack is now split into Swiggy Ornge and Swiggy BLCK variants.

₹8,514estimated 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.