Best Credit Cards in India for Cashback and Rewards (2024)

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In 2024, credit cards have become essential financial tools for savvy spenders in India. With cashback offers, reward points, and exclusive benefits, choosing the right credit card can maximize your savings and enhance your shopping experience.

Here’s a list of the best credit cards in India for cashback and rewards this year.

1. HDFC Millennia Credit Card

  • Best For: Millennials and online shoppers.
  • Key Features:
    • 5% cashback on Amazon, Flipkart, and other online platforms.
    • 1% cashback on offline spends.
    • Complimentary airport lounge access.
  • Annual Fee: ₹1,000 (waived on annual spends above ₹1 lakh).

2. SBI SimplyCLICK Credit Card

  • Best For: Frequent online shoppers.
  • Key Features:
    • 10x rewards on Amazon, BookMyShow, and Cleartrip.
    • 1 reward point per ₹100 spent on other categories.
    • ₹500 Amazon e-voucher as a welcome gift.
  • Annual Fee: ₹499 (waived on spends over ₹1 lakh).

3. Axis Bank Ace Credit Card

  • Best For: Flat cashback on daily spends.
  • Key Features:
    • 5% cashback on utility bills, DTH, and mobile recharges via Google Pay.
    • 4% cashback on food delivery platforms like Swiggy and Zomato.
    • 2% cashback on other categories.
  • Annual Fee: ₹499.

4. Amazon Pay ICICI Credit Card

  • Best For: Amazon Prime members and online shoppers.
  • Key Features:
    • 5% cashback for Prime members on Amazon purchases.
    • 2% cashback on partner merchants like Swiggy and BigBasket.
    • 1% cashback on all other spends with no upper limit.
  • Annual Fee: None (lifetime free).

5. Flipkart Axis Bank Credit Card

  • Best For: Flipkart and Myntra enthusiasts.
  • Key Features:
    • 5% cashback on Flipkart and Myntra.
    • 4% cashback on preferred merchants like Swiggy and Uber.
    • 1.5% cashback on other spends.
  • Annual Fee: ₹500 (waived on spends over ₹2 lakh).

6. American Express Membership Rewards Credit Card

  • Best For: Reward points enthusiasts.
  • Key Features:
    • Earn Membership Reward Points on every spend.
    • 18-karat and 24-karat gold card designs available.
    • Exclusive dining and travel offers.
  • Annual Fee: ₹4,500.

7. Standard Chartered Super Value Titanium Card

  • Best For: Cashback on fuel and utilities.
  • Key Features:
    • 5% cashback on fuel, telephone bills, and utility payments.
    • 1 reward point for every ₹150 spent on other categories.
    • Fuel surcharge waiver at all petrol pumps.
  • Annual Fee: ₹750.

8. Citi Cashback Credit Card

  • Best For: Cashback on movies and utility bills.
  • Key Features:
    • 5% cashback on movie ticket bookings and utility bill payments.
    • 0.5% cashback on other spends.
    • Direct cashback to your statement balance.
  • Annual Fee: ₹500.

9. Kotak 811 #DreamDifferent Credit Card

  • Best For: Beginners and digital payments.
  • Key Features:
    • Earn 2x reward points on online spends.
    • Contactless payments with zero joining fees.
    • No over-limit charges or annual renewal fees.
  • Annual Fee: None (lifetime free).

10. IDFC FIRST Millennia Credit Card

  • Best For: Cashback across all categories.
  • Key Features:
    • 10x reward points on spends above ₹20,000/month.
    • Complimentary airport lounge access.
    • Zero joining and annual fees.
  • Annual Fee: None (lifetime free).

How to Choose the Right Credit Card for You?

To pick the best credit card, consider:

  1. Spending Habits: If you shop online frequently, cards like Amazon Pay ICICI or Flipkart Axis are ideal.
  2. Annual Fees: Compare benefits with the fee structure.
  3. Rewards Structure: Look for cards offering high rewards in your spending categories.
  4. Additional Benefits: Consider perks like lounge access, fuel surcharge waivers, or exclusive cashback offers.

FAQs

1. Which credit card offers the best cashback in India?
The HDFC Millennia Credit Card and Axis Bank Ace Credit Card are excellent options for high cashback rates.

2. Is there a credit card with no annual fee?
Yes, cards like the Amazon Pay ICICI Credit Card and Kotak 811 #DreamDifferent Card have zero annual fees.

3. Are credit cards safe for online transactions?
Yes, most credit cards come with advanced security features like OTP verification and fraud protection.

4. Which card is better for online shopping?
The SBI SimplyCLICK and Amazon Pay ICICI Credit Card are great for online shoppers.

5. Can I earn cashback on fuel with credit cards?
Yes, the Standard Chartered Super Value Titanium Card offers cashback on fuel payments.

Conclusion

Credit cards can be powerful tools to earn rewards and save money when used responsibly. The cards mentioned above cater to various spending needs, from online shopping and travel to fuel and utility bill payments. Evaluate your financial habits and choose the card that aligns with your goals.

Which credit card do you find the most appealing? Let us know in the comments below and share your experience!

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