Cashback cards are the simplest way to earn back money on everyday spending: no points to track, and the savings land directly on your statement. We ranked India's top cashback cards by how much they return in a year after fees and caps.
How we rank: estimated yearly value for a "balanced spender" spending ₹33,000 a month, after reward caps, annual fee (with GST) and forex costs. Rank cards with your own spends →
| Fee waiver | Lounge | Best for | Compare | ||||
|---|---|---|---|---|---|---|---|
HSBC Live+ HSBC · Visa Infinite |
₹999 | ₹2,00,000 spend | Up to 10% | 1.99% | 2 domestic + 1 international visit a year | Families spending on dining, groceries, shopping and bills | |
Swiggy BLCK HDFC Bank HDFC Bank · Mastercard |
₹1,000 | ₹2,00,000 spend | Up to 10% | 3.5% | None | Heavy Swiggy, Instamart and Dineout users | |
SBI Card Cashback SBI Card · Visa |
₹999 | ₹2,00,000 spend | Up to 5% | 3.5% | None | Online shoppers spending up to ₹40,000 a month online | |
Swiggy ORNGE HDFC Bank HDFC Bank · Mastercard |
₹500 | ₹1,50,000 spend | Up to 5% | 3.5% | None | Moderate Swiggy and online spenders who want a low fee | |
Airtel Axis Bank Axis Bank · Mastercard |
₹500 | ₹2,00,000 spend | Up to 10% | 3.5% | None (removed in April 2026) | Airtel customers who also spend regularly on the card | |
Axis Bank ACE Axis Bank · Visa |
₹499 | ₹2,00,000 spend | Up to 5% | 3.5% | 4 domestic visits a year (spend-linked) | Paying bills and earning flat cashback everywhere | |
HDFC Bank Millennia HDFC Bank · Visa / Mastercard |
₹1,000 | ₹1,00,000 spend | Up to 5% | 3.5% | Domestic lounge access on quarterly spend milestones | Shoppers on Amazon, Flipkart, Swiggy and Zomato | |
Flipkart Axis Bank Axis Bank · Visa / Mastercard |
₹500 | ₹3,50,000 spend | Up to 5% | 3.5% | None | Regular Flipkart and Myntra shoppers | |
Amazon Pay ICICI Bank ICICI Bank · Visa |
Free | – | Up to 5% | 1.99% | None | Amazon Prime members who want a no-fee card | |
Tata Neu Infinity HDFC Bank HDFC Bank · RuPay / Visa |
₹1,499 | ₹3,00,000 spend | Up to 1.5% | 2% | 8 domestic + 4 international visits a year | Shoppers loyal to Tata brands |
For broad online spending, SBI Card Cashback pays 5% on most online merchants, now capped at ₹2,000 a month. For specific platforms, co-branded cards such as Amazon Pay ICICI or Flipkart Axis can match or beat that on their own platform.
Cashback is simpler and its value is guaranteed. Reward points can be worth more if you redeem them for flights or hotels, but their value varies by redemption option.