Best Cashback Credit Cards in India 2024

In the fast-paced financial ecosystem of 2024, cashback credit cards in India continue to be a popular choice among consumers. They offer a straightforward, attractive way to earn back a percentage of the money spent on purchases. Whether you’re a frequent traveler, an avid shopper, or someone who values financial perks, there’s a cashback credit card that can cater to your needs. This article explores the best cashback credit cards available in India in 2024, highlighting their features, benefits, and eligibility criteria.

1. HDFC Bank Millennia Credit Card

Key Features:

Cashback: 5% cashback on online spends (Amazon, Flipkart, etc.), 2.5% on PayZapp and SmartBuy, and 1% on all other spends.
Joining Fee: INR 1,000 (waived on annual spends of INR 1 lakh).
Benefits: Complimentary airport lounge access, fuel surcharge waiver, and easy EMI conversion.

Pros:
High cashback rates for online shoppers.
Additional perks like lounge access.

Cons:
Annual fee may not be justified for low spenders.

2. SBI SimplyCLICK Credit Card

Key Features:

Cashback: 10x reward points on online spends with partner merchants (Amazon, BookMyShow, etc.), and 1 reward point for every INR 100 spent on other purchases.
Joining Fee: INR 499 (reversed on annual spends of INR 1 lakh).
Benefits: E-vouchers from Amazon, Cleartrip, and more.

Pros:
High reward points for online shopping.
Affordable annual fee.

Cons:
Limited to specific partner merchants for maximum rewards.

3. Axis Bank Ace Credit Card

Key Features:

Cashback: 5% on bill payments and mobile recharges through Google Pay, 4% on Swiggy, Zomato, and Ola, and 2% on all other transactions.
Joining Fee: INR 499 (waived on annual spends of INR 2 lakh).
Benefits: No capping on cashback, fuel surcharge waiver, and dining offers.

Pros:
Generous cashback rates on everyday transactions.
No cap on the maximum cashback.

Cons:
High annual spend required for fee waiver.

4. Amazon Pay ICICI Bank Credit Card

Key Features:
Cashback: 5% for Prime members and 3% for non-Prime members on Amazon.in, 2% on partner merchants, and 1% on all other spends.
Joining Fee: None.
Benefits: No expiry on reward points, direct credit to Amazon Pay balance.

Pros:
No annual or joining fee.
Direct integration with Amazon Pay.

Cons:
Best suited for frequent Amazon shoppers.

5. Citibank Cashback Credit Card

Key Features:

Cashback: 5% cashback on movie ticket purchases, 5% on telephone bill payments, and 0.5% on all other spends.
Joining Fee: INR 500.
Benefits: Cashback credited directly to the card account, easy EMI options.

Pros:
Straightforward cashback structure.
Useful for specific recurring expenses.

Cons:
Lower cashback on general spends.

6. Standard Chartered Super Value Titanium Credit Card

Key Features:
Cashback: 5% cashback on fuel, phone, and utility bill payments.
Joining Fee: INR 750 (waived on annual spends of INR 60,000).
Benefits: Fuel surcharge waiver, easy bill payments.

Pros:
High cashback on essential services.
Low annual spend requirement for fee waiver.

Cons:
Limited to specific categories for high cashback.
Choosing the Right Cashback Credit Card
When selecting a cashback credit card, consider the following factors:

Spending Habits: Choose a card that offers the highest cashback on your most frequent purchases.
Annual Fees: Ensure the benefits outweigh the cost of the card.
Reward Redemption: Look for cards with easy and flexible cashback redemption options.
Additional Perks: Consider extra benefits like lounge access, dining discounts, or fuel surcharge waivers.
Maximizing Cashback Benefits

To make the most of your cashback credit card:

Pay Bills On Time: Avoid interest charges and late fees by paying your credit card bills on time.
Use for Recurring Expenses: Automate payments for bills and subscriptions to ensure consistent cashback earnings.
Combine with Offers: Leverage additional discounts, offers, and reward programs for extra savings.
Monitor Spending: Keep track of your expenses to meet the annual spend requirements for fee waivers and bonus cashback.
Conclusion
Cashback credit cards offer a valuable opportunity to earn rewards on everyday spending. By choosing the right card and utilizing its benefits wisely, you can maximize your savings and enjoy financial perks. As you explore the best cashback credit cards in India for 2024, keep an eye on Reward Eagle for the latest cashback deals, offers, and tips to enhance your financial rewards.

By staying informed and strategic with your credit card usage, you can unlock significant savings and enjoy the convenience and benefits that come with these top-rated cashback cards.