In this article, we have listed the best cashback credit cards and rewards credit cards in India (2026) along with their benefits, fees, and who should apply for them.
Cashback and rewards credit cards help you save money on everyday expenses like online shopping, groceries, fuel, bill payments, and travel. Instead of just spending, you earn real cashback or reward points on every transaction.
Best Cashback & Rewards Credit Cards in India (2026)
| Credit Card | Cashback / Rewards | Annual Fee | Best For |
|---|---|---|---|
| SBI Cashback Card | 5% cashback on online spends | ₹999 | Online shopping |
| Amazon Pay ICICI | 5% cashback on Amazon | Lifetime Free | Amazon users |
| Axis Ace Credit Card | 5% cashback on bills | ₹499 | Utility payments |
| HDFC Millennia | Cashback + reward points | ₹1,000 | Mixed spending |
| Flipkart Axis Bank Card | 5% cashback on Flipkart | ₹999 | Flipkart users |
1. SBI Cashback Credit Card
The SBI Cashback Credit Card is one of the best options for people who spend heavily on online shopping.
Key Benefits:
- 5% cashback on online spends
- 1% cashback on offline transactions
- Cashback credited directly to statement
Fees:
- Joining Fee: ₹999
- Annual Fee: ₹999
Best for: Amazon, Flipkart, Myntra, Swiggy, Zomato users.
2. Amazon Pay ICICI Credit Card
If you shop frequently on Amazon, this is a must-have lifetime free credit card.
Key Benefits:
- 5% cashback for Amazon Prime users
- 3% cashback for non-Prime users
- 1% cashback on all other spends
Fees:
- Joining Fee: ₹0
- Annual Fee: ₹0 (Lifetime Free)
Best for: Amazon loyal customers.
3. Axis Ace Credit Card
Axis Ace is ideal for people who pay electricity, mobile, and DTH bills regularly.
Key Benefits:
- 5% cashback on utility bill payments
- 4% cashback on Ola rides
- 2% cashback on other spends
Fees:
- Joining Fee: ₹499
- Annual Fee: ₹499
Best for: Bill payments and daily usage.
4. HDFC Millennia Credit Card
This card offers a balance of cashback and reward points.
Key Benefits:
- Cashback on Amazon, Flipkart, Swiggy, Zomato
- Reward points on other spends
- Redeem points for cashback or vouchers
Fees:
- Joining Fee: ₹1,000
- Annual Fee: ₹1,000
Best for: People who want flexibility.
5. Flipkart Axis Bank Credit Card
A popular choice for frequent Flipkart shoppers.
Key Benefits:
- 5% cashback on Flipkart purchases
- 4% cashback on Swiggy, Uber
- 1.5% cashback on other spends
Fees:
- Joining Fee: ₹999
- Annual Fee: ₹999
Best for: Flipkart and Swiggy users.
Cashback vs Rewards Credit Cards – Which Is Better?
| Cashback Cards | Rewards Cards |
|---|---|
| Direct money savings | Points-based benefits |
| Simple to understand | Flexible redemption |
| Best for beginners | Better for frequent spenders |
👉 If you want simplicity → Cashback card
👉 If you want flexibility → Rewards card
How to Choose the Right Cashback Credit Card
Before applying, consider:
- Your monthly spending pattern
- Online vs offline usage
- Annual fee vs benefits
- Brand preference (Amazon, Flipkart, etc.)
Things to Know Before Applying
- Minimum credit score: 700+ recommended
- Always pay bills on time
- Avoid cash withdrawals
- Read terms & conditions carefully
Frequently Asked Questions (FAQs)
Which cashback credit card is best in India?
SBI Cashback and Amazon Pay ICICI are among the best cashback credit cards in India.
Are cashback credit cards better than rewards cards?
Yes, cashback cards are simpler and better for beginners.
Can beginners apply for cashback credit cards?
Yes, many cashback cards are beginner-friendly if your credit score is good.
Final Verdict
If you want maximum savings with minimal effort, cashback credit cards are the best choice. Choose a card that matches your spending habits and avoid unnecessary fees.