Best Cashback Credit Cards in India 2025

What is a Cashback Credit Card?

Do you know – More than 70% of Indian credit card users prefer cards offering cashback or reward points, according to TransUnion CIBIL.

When it comes to smart spending or shopping, which surprises you with extra offers and cashbacks on returns, that’s when a cashback credit card comes into play. One of the most rewarding financial tools you can have in your wallet is a cashback credit card. A cashback credit card gives you a percentage of your spending back in the form of real money, credited directly to your account or as a statement credit. Simply put, you earn while you spend.

Whether it’s cashback on groceries, fuel, dining, or online shopping, credit card cashback offers let you earn returns on transactions you’re already making.

So now you must be wondering which credit card offers maximum cashback. There are several banks in India that now provide specialized cashback credit cards tailored to different spending patterns, helping you make the most out of every swipe.

Cashback credit cards offer valuable savings, reward users with additional offers, and some cash.

In this blog, we’ll take a closer look at the top cashback credit cards in India, compare their features, and help you pick the right one to match your lifestyle and spending habits.

How Cashback Rewards Work?

When we hear cashbacks on credit cards, we simply understand the magic of how amazing it is to get cashback on our shopping purchases. Cashback credit cards are smart financial tools that are designed to offer you a percentage of what you spend.

So, how does it work?

When you use a cashback credit card, a small portion of your transaction amount, usually between 0.5% to 5% or more, is credited back to your account. This return can be in the form of a statement credit, direct deposit, or reward points that can be redeemed later.

Whether you’re shopping for groceries, booking movie tickets, or shopping online, you’re earning a little back every time.

What makes it even better is the variety of credit card cashback offers available today. From welcome bonuses to seasonal cashback boosts, there are countless ways to maximize your earnings. And if you’re strategic about your spending, you can pair the right offer with the credit card with maximum cashback for your needs.

Some cards offer higher cashback on fuel and travel, while others give you more on food delivery and online shopping. The key is to choose one that aligns with your daily expenses so you can earn more without spending more.

With the right cashback credit card in your wallet, every purchase becomes a chance to save effortlessly.

Types of Credit Card Cashbacks

Credit Card cashbacks are provided in many forms, depending on the card type and its features.  Understanding the types of cashback, Statement Credit, Wallet Credit, and Reward Points can help you pick the right cashback credit cards in India and maximize your savings. Let’s break it down:

Statement Credit

A statement credit is one of the most straightforward and rewarding benefits of using cashback credit cards. It helps to directly reduce your outstanding credit card balance, effectively lowering the cost of your purchases.

Think of it as instant savings applied either to your current bill or future statements. For instance, if you make a purchase worth ₹100 and earn a ₹5 statement credit, your payable balance drops to ₹95.

This form of cashback is ideal for users who prefer immediate financial relief and want to see their credit card cashback offers reflected directly in their billing summary. Many of the best cashback credit cards and credit cards with maximum cashback offer this feature for popular spending categories like groceries, fuel, and online shopping.

Wallet Cashback

Some cashback credit cards offer rewards that are deposited directly into your linked digital wallet instead of being credited to your statement. These wallets may be associated with the credit card itself or third-party platforms.

This type of cashback is especially useful for those who frequently shop on specific al.platforms. For example, if you earn cashback on an Amazon transaction, the reward might be directly added to your Amazon Pay balance. You can then use this wallet balance for future purchases, recharges, or bill payments within the platform.

Reward Points

Another popular format among cashback cards in India is the reward point system. Instead of direct cash, your best cashback credit card may offer points for every transaction you make. These credit card cashback offers allow you to redeem accumulated points for a wide range of options, including:

• Gift vouchers
• Travel bookings
• Merchandise
• Statement credits

However, the actual value of these points varies. For instance, 1,000 points might translate to ₹100 as a statement credit, or provide a higher value if redeemed for flights or hotel stays. Many credit cards with maximum cashback enhanced point value for travel redemptions or exclusive partner offers.

How to Pick the Best Cashback Credit Card

In the market, which is flooded with many banks offering a wide range of credit cards, it’s essential to choose the ideal credit card, which is based on your shopping experience. It’s basically like how regularly you spend on shopping, groceries, movies, or any big purchases. Below are a few pointers that you must consider before purchasing the right credit card for you.        

1. Identify Your Spending Patterns

Before comparing cards, start by understanding where you spend the most. Are your major expenses in groceries, fuel, dining, or online shopping? Different credit card cashback offers cater to different categories. Choosing a card that rewards your top spending areas ensures you earn the maximum cashback possible.

2. Compare Cashback Rates and Caps

Not all cashback is created equal. Some cards offer flat cashback rates (e.g.1.5% on all purchases), while others provide higher rates for specific categories and lower on others. Also, many cards impose monthly or yearly cashback limits.

• Look for a credit card with maximum cashback in the categories most relevant to you.
• Be cautious of caps, earning 5% cashback sounds great until you hit a ₹500 monthly limit.

3. Consider Fees vs. Benefits

Annual fees can drain your cashback savings. Always weigh the fee against the potential cashback benefits. Many cashback cards in India waive annual fees if you meet minimum annual spending criteria, making them even more attractive.

Tip: Choose a card with a low or zero annual fee if you’re a moderate spender.

4. Check for Partner Offers & Bonuses

Leading banks and platforms often run credit card cashback offers in collaboration with merchants. These limited-time deals can boost your rewards significantly, especially during festive sales or major shopping events.

Look out for launch bonuses, milestone benefits, or seasonal cashback multipliers.

7. Redemption Flexibility & Transfer Options

When choosing the best cashback credit card, it’s essential to look beyond just the earning rate; how you redeem your cashback is just as important.

The credit card cashback offers with flexible redemption options offer you more value. For example, travel redemptions might give a higher value per point compared to statement credits.

Look for a credit card that not only earns cashback generously but also gives you the freedom to redeem it in a way that suits your lifestyle, be it as cash, travel perks, or online shopping credits.

8. Merchant Restrictions, Caps & Waivers

While a card might advertise impressive cashback percentages, the devil is often in the details. Many cashback cards in India have merchant-specific restrictions, offering higher cashback only on select platforms like Amazon, Flipkart, BigBasket, or Swiggy.

Additionally, most cards impose monthly or annual cashback caps, limiting how much you can earn, even if you continue spending. For instance, a card might offer 5% cashback but cap monthly earnings at ₹500, which could limit its usefulness for heavy spenders.

If you’re aiming for the credit card with maximum cashback, always compare caps, exclusions, and waiver terms across different issuers.

Fine Print: Fuel Surcharge Waiver, Forex Mark-up

Most users overlook the hidden charges, but a smart credit card user reads the fine print. Many of the best cashback credit cards offer added perks like:

• Fuel surcharge waivers, typically on transactions between ₹400 to ₹4,000, can save regular commuters a decent sum every month.
• Low foreign currency mark-up fees, ideal for frequent international travelers or online shoppers buying from global platforms. While the standard forex mark-up is 3.5%, some cashback cards in India offer it as low as 1.99% or even waive it under certain conditions.

These features don’t directly count as cashback but help increase your overall savings, making them worth considering when evaluating a credit card with maximum cashback potential.

Pro Tip: Always check the card’s T&Cs for hidden charges. Sometimes the best cashback isn’t just about rewards, but the fees you avoid.

Best Credit Cards with Cashback Offers

Credit Card Cashback Offers on Zingoy

• Discover up to 80% off + earn exclusive cashback on the HDFC Bank Swiggy Credit Card on Zingoy. 
• Get cashback on Tata Neu HDFC Credit Card through Zingoy and enjoy up to ₹500 cashback along with exclusive coupons and deals across popular categories like fashion, electronics, groceries, and more. Combine your credit card rewards with Zingoy’s cashback offers to get the best value on every spend.
• Get up to ₹3,400 Cashback on HSBC Platinum Credit Card through Zingoy and earn up to ₹3,400 in total savings. You’ll get up to ₹2,000 Zingoy cashback on successful approval, plus HSBC’s welcome benefits like Amazon/Swiggy vouchers and 10% cashback on dining, groceries, and telecom in the first 60 days.
• Discover cashbacks on Axis Bank Credit cards such as ACE, Flipkart Axis, Aura, IndianOil (Visa & RuPay), Health, SpiceJet, Samsung Signature, Samsung Infinite, Airtel earna Cashback via Zingoy of ₹2,100.17 per successful card issuance. 

Benefits of Cashback Credit Cards in India

Whether you’re shopping online, dining out, or paying bills, cashback credit cards in India make your purchases more rewarding.

Here’s why cashback cards are becoming the go-to option for smart spenders:

• Save Every Time You Spend: With the best cashback credit card, you can save up to 25% on eligible transactions. From cashbacks on groceries to cashbacks on fuel, your everyday purchases pay you back.
• Easy Redemption Process: Unlike complicated reward point systems, credit card cashback offers are typically auto-credited to your account either as a statement credit or wallet balance, making them simple and hassle-free.
• Low or Zero Annual Fees: Many cashback cards in India are lifetime-free or have minimal joining fees, making them budget-friendly for every kind of user.
• Flexible Usage: Cashback can be used for anything, pay off your card bill, shop online, or cover any expense. It’s real money, not locked into specific platforms.
• No Expiry Date: Unlike points that expire, cashback usually doesn’t, giving you the freedom to use it at your convenience.
• Transparency: Most cashback structures are straightforward, with clearly defined spend categories and limits, making it easy to track and plan your expenses.

Additional Benefits Offered by the Best Cashback Credit Cards

Even though cashback is the core highlight, some of the top cashback credit cards in India come packed with extra perks:

1. Welcome Benefits

Many cashback cards come with welcome rewards such as:

• Bonus cashback in specific categories (e.g., food delivery, online shopping)
• Free subscriptions to OTT platforms (e.g., Amazon Prime, Zomato Pro, Swiggy One)
• Instant voucher codes for platforms like Flipkart or Amazon
  These benefits are typically activated after you pay the joining fee or reach a spending milestone within the first few months.

2. Milestone Benefits

If you spend a certain amount monthly or annually, some cards offer:

• Extra cashback or gift vouchers
• Annual fee waivers
• Accelerated cashback rates in select categories
  This makes it easier to earn more while you spend smarter.

3. Travel Benefits

Some premium cashback cards include travel-friendly privileges:

• Complimentary access to domestic/international airport lounges
• Get major cashbacks on hotel bookings and flight bookings
• Special tie-ups with travel aggregators
  Perfect for frequent flyers looking to combine luxury with savings.

4. Dining & Movie Offers

Foodies and movie buffs can benefit from:

• Flat discounts or cashback on restaurant spends
• Complimentary movie tickets via BookMyShow or Paytm Movies
• Memberships with premium dining apps like EazyDiner or Zomato Gold

5. Utility & Bill Payment Cashback

Many credit cards with maximum cashback offer:

• Up to 5% cashback on electricity, water, and mobile bills
• Additional cashback on Google Pay or app-based bill payments

6. Fuel Surcharge Waivers

Most cashback credit cards offer:

• 1% waiver on fuel surcharges, usually across major petrol pumps in India, helping reduce monthly fuel costs.

7. Forex Mark-up Waivers

Frequent international spenders can benefit from:

• Reduced or waived foreign exchange mark-up fees on international transactions, making travel abroad more economical.

How to Avoid Common Mistakes While Buying Cashback Credit Cards

Paying Only the Minimum Amount Due: Paying just the minimum keeps your account active but triggers high-interest charges on the remaining balance.

Avoid It:

• Always pay the full outstanding amount before the due date.
• Set payment reminders or use auto-pay.

Missing Due Dates: Late payments attract hefty late fees, hurt your credit score, and may lead to interest accumulation.

How to Avoid It:

• Set calendar alerts or auto-debit instructions.
• Use your credit card app to track due dates.

Maxing Out the Credit Limit: Utilizing 90–100% of your credit limit can tank your credit utilization ratio and lower your credit score.

How to Avoid It:

• Keep credit utilization below 30% of your total limit.
• Request a limit increase if needed, but don’t spend more because of it.

Ignoring Your Credit Card Statement: Skipping your monthly statement may cause you to miss fraudulent charges or overlook billing errors.

How to Avoid It:

• Review your statement every month.
• Report errors or unauthorized transactions immediately.

Applying for Too Many Cards Too Fast: Each application results in a hard inquiry on your credit report, which can lower your credit score temporarily.

How to Avoid It:

• Apply only when necessary.
• Use pre-approval checks or eligibility tools.

Using Credit Cards for Cash Withdrawals: Withdrawing cash from ATMs using your credit card incurs high interest and withdrawal fees, often from day one.

How to Avoid It:

• Use your debit card or UPI for cash needs.
• Treat your credit card as a spending tool, not a cash source.

Overlooking Reward Expiry or Redemption Rules: Letting cashback or reward points expire unused, or not knowing how to redeem them efficiently.

How to Avoid It:

• Regularly track and redeem rewards.
• Choose cards that offer simple and transparent redemption.

Spending Just to Earn Rewards: Overspending on credit cards in the name of cashback or points leads to debt and unnecessary purchases.

How to Avoid It:

• Stick to a budget.
• Treat rewards as a bonus, not a reason to spend.

Not Knowing Your Card’s Fees: Many users ignore hidden charges like foreign transaction fees, EMI interest, or renewal fees.

How to Avoid It:

• Read the terms & conditions carefully.
• Avoid transactions that attract extra fees.

Keeping a Card You Don’t Use: Inactive cards can be deactivated, which may negatively impact your credit history and score.

How to Avoid It:

• Use each card for small purchases occasionally.
• Or, close it smartly if it no longer suits your needs.

Bonus Tips to Stay Smart with Credit Cards:

• Check your CIBIL score every few months.
• Use EMI conversions wisely (only if interest-free or low-interest).
• Maintain a mix of credit types (like personal loan + credit card) for a healthy profile.

Tips to Maximise Savings on your Cashback

When you are using cashback credit cards, there are multiple instances where you can earn cashback to maximize your credit card rewards and to make your shopping and bill payments more convincing and strategic. Check out these tips below to maximise your savings on credit card cashbacks.

1. Choose a Cashback Credit Card That Matches Your Spending Habits

To make the most of your everyday spending, opt for credit cards that reward routine purchases. For instance:

• HDFC Bharat Cashback, SBI SimplySAVE, and Axis Bank ACE Credit Card offer excellent cashback on utility bills, groceries, and recharges.
• If fuel is a major expense, go for cards like the IndianOil Citibank Credit Card or BPCL SBI Card, which provide fuel surcharge waivers and fuel cashback offers.

2. Use Platform-Specific and Category-Based Cashback Cards

Some of the best cashback credit cards in India offer extra rewards on select platforms or categories:

• The Flipkart Axis Bank Credit Card offers exclusive cashback on Flipkart and partner merchants.
• If you’re a food lover, cards like HDFC Regalia or SBI Card PRIME come with dining cashback deals and accelerated reward points at restaurants.
• Use Zingoy to earn cashback and rewards on your everyday purchases.

3. Take Advantage of Bank-Specific and Seasonal Cashback Offers

During sales and festive periods, banks roll out special credit card cashback offers with e-commerce platforms:

• Look out for Amazon, Myntra, or Paytm tie-ups during events like Diwali Sales, Big Billion Days, or Amazon Great Indian Festival.
• These offers often include instant discounts, extra cashback, or bonus reward points when using select bank cards.

4. Earn Accelerated Rewards via Partner Platforms

Some credit cards with maximum cashback offer boosted rewards when you transact through specific apps or partner brands. For instance:

• Earn up to 10X reward points on travel bookings, premium dining, and luxury retail via partner portals.
• Always check if your card supports accelerated earning rates on third-party platforms.

5. Set Up Auto-Pay for Utility Bills to Earn Cashback

Make your utility bill payments work for you by enabling auto-debit on your cashback card. It ensures:

• Timely payments (avoiding late fees and penalties)
• Regular accumulation of cashback or reward points

Cards like the Axis ACE Credit Card or Amazon Pay ICICI Credit Card are ideal for this purpose.

6. Select Cards with Strong Welcome and Renewal Benefits

Many top cashback credit cards in India offer value right from sign-up. Look for:

• Free gift vouchers
• Travel miles
• OTT subscriptions or memberships like Zomato Pro, Amazon Prime, or MakeMyTrip vouchers

These welcome bonuses and annual renewal rewards can easily offset the credit card’s annual fee.

7. Don’t Overspend Just to Earn Cashback

It’s easy to fall into the trap of overspending in pursuit of cashback. But remember:

• Interest on unpaid balances wipes out any rewards.
• Keep your credit utilization between 30–50% of the limit.
• Always pay your total outstanding balance on time to avoid interest charges.

By aligning your card choices with your spending, keeping an eye out for cashback credit card offers, and following responsible usage practices, you can turn your regular purchases into rewarding savings.

How Zingoy can help you with Cashbacks on Credit Cards?

Using cashback credit cards for your daily expenses is a great way to earn rewards, but pairing them with Zingoy takes your savings to the next level. 

Zingoy offers additional cashback on purchases made through popular online stores like Amazon, Flipkart, Myntra, and more. When you shop via Zingoy using your best cashback credit card, you effectively double your cashback, earning from both your credit card provider and Zingoy’s platform. This unique combination allows you to maximize cashback rewards on categories such as groceries, travel, dining, and online shopping. 

Zingoy also highlights bank-specific offers, where you can earn bonus cashback or get exclusive discounts when using cards from top issuers like HDFC, SBI, Axis Bank, and ICICI. 

What’s more, the cashback you earn from Zingoy is real money that can be transferred directly to your bank account or used to buy discounted gift cards, making it far more flexible than regular credit card points. Whether you’re using a fuel cashback credit card, a shopping credit card, or a rewards credit card, Zingoy enhances your savings through stackable cashback deals, helping you get the most out of every rupee you spend. For savvy users who want to earn maximum cashback on credit card purchases, Zingoy is the ultimate savings companion.

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