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Best Cashback Credit Cards in India (2026) — Up to 5% Back
Updated · 8 options compared
Cashback cards are the simplest reward cards to use: instead of collecting points and worrying about redemption value, you get money credited straight to your statement. For people who mostly spend online and do not travel often, a good cashback card usually beats a points card.
Look closely at monthly caps and excluded categories (fuel, rent, wallet loads and EMI are commonly excluded). A 5% card with a ₹1,000 monthly cap is worth less than a 1.5% card with no cap if you spend heavily.
Quick comparison
| # | Name | Rewards | Annual fee |
|---|---|---|---|
| 1 | SBI CashBack Card | 5% Cashback on ALL online spends | ₹999 + GST |
| 2 | ICICI Amazon Pay | 5% cashback for Amazon Prime members | Lifetime Free |
| 3 | HDFC Millennia | 5% Cashback on Amazon, Flipkart, Swiggy | ₹1,000 + GST |
| 4 | Axis Flipkart | 5% unlimited cashback on Flipkart | ₹500 + GST |
| 5 | Axis ACE | 5% cashback on bills via Google Pay, 2% on Swiggy & Zomato | Lifetime Free |
| 6 | HSBC Cashback Card | 1.5% unlimited cashback on all spends | ₹750 + GST |
| 7 | HDFC Tata Neu Plus | 5% NeuCoins on Tata brands, 1.5% on others | ₹499 + GST |
| 8 | IndusInd Tiger | 1.5% cashback on all spends | Lifetime Free |
1.SBI CashBack Card
4.5/5- Rewards
- 5% Cashback on ALL online spends
- Annual fee
- ₹999 + GST
- Min. income
- ₹30,000/month
One of the few cards offering a flat 5% cashback on ALL online spends without any merchant restrictions. The cashback credits directly to your statement — no conversion or voucher hassle involved. At ₹999/year, it pays for itself with just ₹20,000 in online spending annually.
- 1% cashback on offline spends
- Direct cashback credit to statement
- No merchant restrictions for 5% cashback
2.ICICI Amazon Pay
4.9/5- Rewards
- 5% cashback for Amazon Prime members
- Annual fee
- Lifetime Free
- Min. income
- ₹15,000/month
The undisputed king of no-fee credit cards in India. If you are an Amazon Prime member, the 5% cashback is straightforward and uncapped. Zero annual fee means there is almost no reason not to have this card in your wallet, even as a secondary option for Amazon purchases.
- No joining or annual fee ever
- 3% cashback for non-prime members
- 2% cashback on flights, recharges, bills
3.HDFC Millennia
4.6/5- Rewards
- 5% Cashback on Amazon, Flipkart, Swiggy
- Annual fee
- ₹1,000 + GST
- Min. income
- ₹25,000/month
The go-to card for online shoppers who split purchases across Amazon, Flipkart, and Swiggy. The 5% cashback on these platforms is hard to beat at this price point. Quarterly milestone rewards of ₹1,000 effectively offset the annual fee if you spend consistently.
- 1% cashback on all offline spends
- 8 complimentary domestic lounge visits per year
- Welcome benefit of 1000 Cash Points
4.Axis Flipkart
4.7/5- Rewards
- 5% unlimited cashback on Flipkart
- Annual fee
- ₹500 + GST
- Min. income
- ₹15,000/month
The must-have card for Flipkart shoppers in India. 5% unlimited cashback on Flipkart plus 4% on Swiggy and PVR makes it incredibly rewarding for everyday spending. First year is free, and the ₹500/year fee after that is easily recovered with just ₹12,500 in Flipkart purchases.
- 4% cashback on preferred partners (Swiggy, PVR)
- 1.5% unlimited cashback on basic spends
- 4 complimentary lounge visits per year
5.Axis ACE
4.6/5- Rewards
- 5% cashback on bills via Google Pay, 2% on Swiggy & Zomato
- Annual fee
- Lifetime Free
- Min. income
- ₹15,000/month
A lifetime-free card with a unique strength: 5% cashback on utility bill payments via Google Pay. If you pay electricity, gas, broadband, and insurance bills monthly, this card can save ₹500-800 per month effortlessly. The 2% on Swiggy and Zomato is an excellent bonus for food delivery lovers.
- No annual fee ever
- 5% cashback on utility bills via Google Pay
- 2% cashback on Swiggy, Zomato
6.HSBC Cashback Card
4.4/5- Rewards
- 1.5% unlimited cashback on all spends
- Annual fee
- ₹750 + GST
- Min. income
- ₹25,000/month
A clean, no-nonsense cashback card offering 1.5% unlimited cashback on everything you spend. No merchant restrictions or category tracking needed — just swipe and earn. The fee waiver at ₹1L spend is easily achievable, making it an excellent secondary card for all-purpose use.
- No merchant category restrictions
- Cashback auto-credited to statement
- Global acceptance — accepted in 200+ countries
7.HDFC Tata Neu Plus
4.5/5- Rewards
- 5% NeuCoins on Tata brands, 1.5% on others
- Annual fee
- ₹499 + GST
- Min. income
- ₹15,000/month
The card that unlocks the full Tata ecosystem — 5% NeuCoins on BigBasket, 1mg, Tata Neu, and Croma add up quickly. For families who regularly shop across Tata brands, the rewards are very rewarding. The ₹50,000 fee waiver threshold is low, making it practically free for most users.
- 5% NeuCoins on Tata Neu, BigBasket, 1mg
- 1.5% NeuCoins on all other spends
- Fee waiver on ₹50,000 annual spend
8.IndusInd Tiger
4.2/5- Rewards
- 1.5% cashback on all spends
- Annual fee
- Lifetime Free
- Min. income
- ₹15,000/month
A lifetime-free card that gives a flat 1.5% cashback on everything — no categories to track and no caps to worry about. Perfect as a secondary card for spends that don't fit your primary card's cashback categories. The simplicity of a single flat rate is its biggest selling point.
- No annual fee ever
- 1.5% unlimited cashback on all transactions
- Fuel surcharge waiver on all fuel stations
How we chose
- Effective cashback rate calculated on a typical monthly spend mix of online shopping, food delivery, bills and offline purchases.
- Monthly caps, excluded categories and annual fee are subtracted from the headline rate.
- Automatic statement credit is preferred over vouchers or coins.
CardKhoj is independent and does not earn commission from banks. Rates and fees change often — always confirm the latest terms on the bank's official website before applying.
Frequently asked questions
Which credit card gives the highest cashback in India?
The SBI Cashback Card gives 5% cashback on almost all online spends with no merchant restriction, which makes it the highest general-purpose online cashback card. For Amazon-only shoppers, Amazon Pay ICICI gives 5% to Prime members with no annual fee.
Is cashback on a credit card taxable?
Cashback on your own purchases is treated as a discount on the price you paid, not income, so it is generally not taxed for individuals.
Cashback or reward points — which is better?
Cashback is better for most people because the value is fixed and automatic. Reward points can be worth more when transferred to airline or hotel partners, which suits frequent travellers who are willing to plan redemptions.