10 Best Cashback Credit Cards in India

Banks today bring several offers for their users to earn points and rewards on their credit card purchases. These points in the form of cash backs or rewards can be redeemed sooner or later. This is mostly a particular percentage of the total purchase that gets credited as cashback. However, different banks offer different rewards and schemes for their users. Here is a listing at loanbaba.com of best 10 credit cards that bring you the highest and the best cashback offers:

1. ICICI Instant Platinum Card

ICICI Bank offers the Instant Platinum Card to its first-time users. No matter what your credit score and history has been, this card allows you to create a new history once you start using it frequently. One can avail this card against a fixed deposit made with the bank. Obviously, you must also have a savings account with the bank. Thus, the ICICI Instant Platinum Card is one of the best cashback credit cards for people with no salary such as students and homemakers. The features and benefit one gets on this option are:

  • Two payback points on every purchase of Rs. 100 from the card.
  • Rs. 100 off on two movie tickets every month booked from www.bookmyshow.com
  • 15% off on over 800 tie-up restaurants in 10 cities of the country.
  • 2.5% fuel surcharge waiver on spending of at least Rs. 4000 at any HPCL petrol pump.
  • Easy admittance to global card replacement and emergency support facilities.
2. Standard Chartered platinum credit card features

The Standard Chartered Platinum credit card is an ideal choice for salaried people to comply with multi-purpose credit needs. It is apt for users who are frequent online shoppers. The features and benefits of these cards are as follows:

  • Earn 1000 points on making transactions within 60 days of receiving the card.
  • Earn 20% cashback on Uber rides
  • Earn 500 extra points on registering for online banking.
  • Earn one reward point for every spend of Rs. 150 from the card
  • Get five bonus points for every spending of Rs. 150 on fuel.
  • Receive 5 Reward points on spending of every Rs. 150 on dining.
3. SBI simply click credit card

SBI simply click credit card is an exemplary choice for frequent shoppers who do not prefer making an annual fee payment. Though a minimal fee is charged on the card, one can get rid of the same if they spend over 1 lakh from the card. These cards are also eligible for special deals on the online stores such as Flipkart, Amazon, MakeMyTrip and Clear trip. The features and benefits of these cards are:

  • Earn 10x Reward point on shopping through online stores such as Amazon, BookMyTrip, Fabfurnish, Ola, Foodpanda, Zoom car, Lenskart, etc.
  • Shopping from all other online stores fetch you 5x reward points.
  • Earn a welcome gift voucher from Amazon worth Rs. 500.
  • Spending Rs. 1 lakh not just gets you rid of annual pays but also gains you a voucher worth Rs. 2000 from Cleartrip.
  • Spend Rs. 500 or more and get 2.5% fuel surcharge waived.
4. Citibank Cashback credit card

Do you prefer paying bills online rather than standing in long ques? Do you watch movies frequently? Then Citibank cash back credit card is the apt choice to make. However, individuals who wish to apply for Citibank Cashback credit card require a real history as it has been realised that the bank is strict on their applications and rejects almost 80% application due to low credit scores. The credit card benefits offered by Citibank are:

  • Earn 5% cash back every time on movie tickets.
  • Earn 5% cash back on payments of utility bills.
  • Earn 5% cash back on payments of telephone bills.
  • Earn 0.5% cash back on all other spending.
5. American express membership rewards credit card

The American Express offers Membership Rewards Credit Card to its customers that can be used for a variety of payments. Unlike other cards, there is no predefined credit limit making it a flexible option for vast spenders. The card holders receive 1 reward point for every purchase of Rs. 50 except for any transaction in utilities, fuel, insurance and cash transactions. Despite the fact that the annual fee for the credit card is higher than other credit cards, this card is surely worth for the following reasons:

  • You earn 4000 reward points if you make 3 transactions using the card in the first 2 months of availing the membership and payment of annual fee.
  • Also, get 1000 bonus points if you make at least 4 transactions of minimum Rs. 1000 every month.
  • Earn 5000 Membership points on the renewal of the card with the annual fee payment at the end of the initial year. The same gets credited within 90 days of which the renewal has been made.
  • Get 3% cash back on all petrol pumps in the country.
  • Making a big purchase? You get an easy EMI option through the credit card
  • Reward points available for redemption on 24 and 18 carat gold collection.
  • Some more benefits to earn if your travel bookings are done through MakeMyTrip.com
6. Citibank Premier Miles Card

Citibank offers the premier miles card for its customers who are frequent travellers. One can enjoy attractive offers on online shopping and largely on travel bookings online. One can access airport lounges not only in the country but across the entire globe. This credit option is suitable for people who spend over 2 lakhs every year on their travels. However, customers are expected to have high credit scores for the bank rejects a huge number of applications every year. The reasons why you should apply for this option are:

  • Earn 10000 miles when you activate your card
  • Earn 10 miles on every spending of Rs. 100 in an airline transaction.
  • Earn 10 miles on every Rs. 100 spend on travels and hotel bookings made by www.premiermiles.co.in.
  • You can redeem these miles in over 100 domestic and international airlines.
7. HDFC Bank Money Credit Card

Citibank offers the premier miles card for its customers who are frequent travellers. One can enjoy attractive offers on online shopping and largely on travel bookings online. One can access airport lounges not only in the country but across the entire globe. This credit option is suitable for people who spend over 2 lakhs every year on their travels. However, customers are expected to have high credit scores for the bank rejects a huge number of applications every year. The reasons why you should apply for this option are:

  • Earn 2 reward points on every spending of Rs. 150. The bonus points double in case of online transactions.
  • The reward points are received as a cash back to the card. Every 100 point fetches you Rs. 30.
  • Waive your surcharge on Rs. 250 per billing cycle.
  • Save up to Rs. 1800 every year on fuel transactions
  • If you spend Rs. 10,000 in the first 90 days of receiving the credit card, you can reverse your annual fee for the initial year.
  • Consequently, spending of Rs. 50000 will reverse your renewal fee if the same is made before the renewal date.
8. HDFC Solitaire Credit Card

HDFC brings another credit card option with attractive offers and saving options for the frequent shoppers. It gets you amazing deals on dining, fuel expenses, departmental stores, etc. There is a nominal joining fee but a great saving option for frequent shoppers. The features and benefits of the HDFC Solitaire credit card are:

  • A wellness package from Thyrocare as a welcome bonus in the first year.
  • 1000 reward points as the renewal bonus in the second year after you renew your card.
  • Earn 3 bonus points on every pay of Rs. 150 from the card.
  • You also get 50% additional points on grocery and dining expenses.
  • Get a Rs. 1000 worth shopping voucher from Shoppers Stop if you've spent Rs. 75,000 within 6 months.
  • Opportunity to win reward points across the domestic airlines.
  • Waive your fuel surcharge at selected petrol pumps throughout the city.
9. SBI Signature Credit Card

The state Bank of India has composed an SBI Signature Credit Card for people who are frequent shoppers and look forward to saving on the same. SBI along with being one of the best banks in India, it associates a huge number of offers with this card. The significant benefits one can avail through this card and save on their purchases are:

  • E-gift voucher worth Rs. 5000 along with a welcome gift from Bata, yatra.com, shoppers stop, hush puppies, west side, Marks and Spenser.
  • Get 2 reward points on every Rs. 100 when you pay through Signature credit card.
  • Earn 5x points on grocery, departmental stores, international spends and dining
  • Waive 2.5% fuel surcharge on all the petrol pumps in India.
  • Earn extra 10,000 points if you spend over Rs. 4 lakh and 20,000 points if you spend over 5 lakh in a year.
  • Get a discount of Rs. 500 on two ticket bookings every month through bookmyshow.com
  • Get 75% discount on over 55,000 hotels and villas around the world.
  • Get 24 x 7 concierge services around the globe.
10. American Express Payback Credit Card

This is again a reward paying credit card which is tied up with several departmental stores across the country to fetch its users' huge discounts. It offers attractive rewards on dining, online shopping, travel, fuel offers and welcome vouchers. The features and benefits tied up with the American Express Payback Credit card are:

  • Earn 3 payback points on spending Rs. 100 except on insurance, cash transactions, utilities and fuel.
  • Earn more points from over 40 payback partners.
  • Receive welcome vouchers of Rs. 3000 on getting this card.
  • Spend Rs. 15000 or more within 60 days and get 900 bonus points on the card.
  • Enjoy huge discounts on travel, dining and shopping.
  • Get discounts up to 30% and 5% cash back on over 1200 restaurants each time on Dineout.
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