7 Best Cashback Credit Cards in India with Reviews

By | November 30, 2016

Cashback is always catchy and indeed nice to have whenever possible compared to reward points. That’s because it provides money back directly as cash instead of reward points, which we need to monitor and redeem with caution. Basically It reduces the net expense right away which makes things simple and easier.

Let’s dive into the list of best cashback credit cards in India which gives Money-back directly on spend (or) by converting the points to cash credit on statement without too much of terms and conditions.

List of 7 Best Credit Cards in India with Cashback Feature:

#1 SBI Elite Card

SBI Elite Credit Card

SBI Elite Credit Card

Sbi’s one of the premium credit card is SBI Elite Card which gives spend based milestone reward points which can then be converted into cash credit against statement.

#2 HDFC Business Moneyback Card


HDFC Business Moneyback Credit Card

HDFC Moneyback card was one of the excellent cashback card for few yrs after which they recently Devalued, however, the Business variant of the card still holds 3X reward points on online spends which can then be converted into cash credit on statement in matter of clicks.

#3 Indusind Pinnacle Credit Card

Indusind credit cards are well rewarding compared to other cards but it comes at a cost. Joining fees with Indusind is always high for some reason. This card is for you if you spend a lot online. If you’re able to get this card at affordable joining fee, it gives great rewards as below.

  • CashBack Rate: Upto 2.5%
  • Online spends: 2.5% Cashback
  • All other spends: 1% Cashback

#4 Indusind Iconia Credit Card

Indusind Iconia American express credit card

Indusind Iconia American express credit card

Yet another card from Indusind which is worth holding as it gives reward points even on fuel spends. Once of the rare cards of this type. Joining fee is lower than Pinnacle card. Choose Amex version of it as it has better reward structure.

#5 Standard Chartered Manhattan Credit Card Review

Standard Chartered Manhattan Credit Card Review

Standard Chartered Manhattan Credit Card

I would call it as a family man card 😛 You can get better rewards on departmental stores and also better reward points on Dining and Hotel reservations.

#6  Citibank Cashback Credit Card:

Citibank Cashback Credit Card

You get 5% cashback on movie & telephone Bill payments and 0.5% cashback on all other spends. Simple as that.

#7 American Express Gold Charge Card:

amex card india

One of the prestigious cards that comes at an affordable joining fee is not actually a cashback card, but if you’re able to stack upto 18k or 24k points, you can convert them into cash credit against your card bill. You need to be calculative and keep track of few terms and conditions to reap the maximum value. Do you know? Its not a CREDIT card, its a CHARGE card.

So that should give a broad idea about the cashback credit cards presently available in India. While there maybe few more cards with cashback feature, i prefer the above list as they’re most popular, best rewarding and easy to use.

What’s your favorite Cashback card? Let me know in comments below 🙂

14 thoughts on “7 Best Cashback Credit Cards in India with Reviews

  1. priyanshu

    great write up siddharth!
    can u plz let me know,how much should be the salary per annum to get a credit limit of 7 lakh.

    1. Siddharth Post author

      3-4L Monthly Salary would get you such limits faster. Else you’ve to start with low limit and keep on increasing every 6 months. Check out my other article on how to increase credit limit for more info.

  2. Debajyoti Banerjee

    Am currently residing in Kolkata and have been upgraded over time from Platinum to World Mastercard to Allmiles to Diners Premium with HDFC. Am enjoying Diners premium very much and love the structure of Diners Black. But on contacting stupid customer care, i was told BLACK is not offered in KOLKATA which is hard to believe. I hold limit of 3.09 Lacs on Diners Premium. Highest limit SBI ELITE 3.60 Lacs. (Am a freak like you, hold about 10 Card! :P). Help me get Diner’s BLACK.

    1. Siddharth Post author

      10 Cards, That’s so much man 😀
      3L is quite decent limit. You should be able to get Black.
      Just talk to your RM/BM.

      Most times they favour if you have savings/current a/c with them or anything that makes them money.

  3. Prashant Agrawal

    Also, Citibank Rewards. Each point is Re. 0.35 statement credit after 3500 Min. Effectively, at LittlePixi app we cold value it at Rs. 2.80 for Clothing & Departmental Store, Flipkart, MakeMyTrip (partners) & 0.28/Rs. 100 otherwise. Plus Citibank has one of the best customer care & partner tie-ups for offers!

  4. Nipun

    Which is the best card siddarth for movie vouchers like book my show except sbi elite

    1. Siddharth Post author

      Only that. Many others just have Buy 1 / Get 1 offers and not fully redeemable.

    2. Thiagu

      RBL Fun Card provides BookmyShow gift Rs.500/Monthly…
      there is no limit for Ticket Quantity, that is a cool feature… I am using My SBI Elite Card they are also providing Rs.500/- BookmyShow offer but there is a limit for Ticket Quantity, I can book only 2 tickets within Rs.500

  5. H parmar

    I have standard chartered cc with good credits limit , can you suggest some credit card with life time free or low annual fee, also I am going to apply on card on card based
    I prefer credit card which provides EMI options,

  6. Tarun

    I wish to hold 2 credit cards with maximum cash back and rewards points on online and other retail spends such as groceries, apparels and bills. I don’t want fuel, travel and airport lounge benefits as I hardly spend on these categories. My yearly salary is approx 7.2 lacs. Also my monthly spends would be Rs 10,000 approx.
    Pls suggest best cards for my needs. PS: I have AMEX Gold charge card.


  7. Arul

    Hi Siddharth,
    I have HDFC Allmiles Card (Limt ~3L) and Jet Airways :ICICI Jet Airways Rubyx (~120K), IndusInd Voyage Amex(110K), HDFC world debit card.

    I don’t like HDFC Allmiles Card. Is there any good card to upgrade in HDFC. Is it ok to upgrade Allmiles to Jet aiwarys card

  8. S kumar

    I m a first time applicant for credit cards , which card siuts me best as I m a frequent flier and on both national and international circuit. I have selected SBI elite and air India SBI . which should I go for.


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