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Mathematically ranked · हिन्दी

Best cashback credit cards in India

Cashback cards give you real money back. No points to track, no vouchers to redeem. We evaluated the best flat-rate and category cashback cards on a mixed ₹14,000/month spend.

Last updated: August 2026 · Based on current card terms
AMERICAN E
SMARTEARN
ASHOK KUMAR
SBI
CASHBACK
ASHOK KUMAR
HSBC INDIA
LIVE+
ASHOK KUMAR
Top 3 cards for your spend
1
Best overall
HSBC Live+ Credit Card
HSBC India
₹7,101Annual benefit
10% cashback on dining, food delivery, groceries, utility bills and shopping, excluding Amazon, Flipkart and Myntra (shared cap ₹1,200/month across all five categories); 1.5% unlimited on all other spends, including Amazon/Flipkart/MyntraReward rate
₹999 + taxes (waived on ₹2,00,000/year spend)Annual fee

Following HSBC's July 2026 revaluation, the Live+ now earns 10% cashback across five everyday categories, dining, food delivery, groceries, utilities and shopping, with a shared ₹1,200/month cap, plus a new Visa Infinite upgrade and a first-ever quarterly fuel cashback. The tradeoff: domestic lounge visits are down to 2/year, and international spends no longer earn any cashback despite the reduced 1.99% forex markup. For everyday domestic spenders, this is a genuine upgrade; for frequent travellers who previously used this card abroad, it's a mixed bag.

10% cashback on dining, food delivery, groceries, utility bills and shopping (excl. Amazon/Flipkart/Myntra), shared cap of ₹1,200/month across all five categories1.5% unlimited cashback on all other eligible spends, including Amazon, Flipkart and Myntra, no monthly cap₹250 cashback per quarter on contactless fuel spends above ₹10,000
Min income: ₹6L/year (salaried)
Apply now ↗ Full review →
2
Runner up
SBI Cashback Credit Card
SBI Card
₹5,961Annual benefit
5% cashback on online spends (capped ₹2,000/month); 1% on offline (capped ₹2,000/month); total cap ₹4,000/monthReward rate
₹999 + taxes (waived on ₹2L spend)Annual fee

The SBI Cashback card gives 5% on ALL online transactions with no merchant restrictions, unique in India. Post April 2026 devaluation, the online cap dropped from ₹5,000 to ₹2,000/month, making it best for moderate online spenders (up to ₹40,000/month). For heavier spenders, the Axis Cashback Card is now a stronger alternative.

5% cashback on ALL online transactions (no merchant restrictions)1% cashback on offline/POS spendsAutomatic cashback credit, no redemption needed
Min income: ₹4L+ per year
Apply now ↗ Full review →
3
Also consider
Amex SmartEarn Credit Card
American Express
₹5,205Annual benefit
10X points on Zomato, Swiggy, Amazon; 5X on othersReward rate
₹495 + taxes (waived on ₹40K spend)Annual fee

The Amex SmartEarn is the best entry point into the Amex ecosystem. 10X points on Swiggy, Zomato and Amazon is exceptional.

10X Membership Rewards on Swiggy and Zomato10X on Amazon5X on all other spends
Min income: ₹4.5L+ per year
Apply now ↗ Full review →

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Related guides
Best Fuel Credit Cards →Best Dining Credit Cards →Best Travel Credit Cards →Best Shopping Credit Cards →Best Credit Cards for Swiggy and Zomato →
Card reviews
YES Bank ACE Credit CardEveryday online shoppers wanting a low-fee, easily-waived entry card with a straightforward tiered reward structureRBL Bank SalarySe UP Credit CardUPI-heavy spenders on the SalarySe platform wanting a fully virtual, low-fee RuPay cardCUB SalarySe Level UP Credit CardSalaried, UPI-heavy spenders wanting lounge access and the strongest rewards around salary daysAxis ACE Credit CardUtility bill payments and everyday flat cashback
How we picked these cards

We calculated the net annual benefit for every card in our database using verified reward rates on a typical cashback spend profile, then ranked by net benefit after subtracting the annual fee. Cards with waivable fees were evaluated at zero cost if the spend threshold is realistic.

What to look for in a cashback credit card

Beyond the headline reward rate, check whether the card has a monthly cap on cashback, whether the reward is actual cashback or redeemable points, and whether the annual fee is waivable at your spend level.

Should you get more than one card?

Many smart spenders hold 2 cards: one optimised for their top category and one flat-rate card for everything else. Use our personalised tool to find the best combination for your full spend profile.

Frequently asked questions
Based on our analysis of 120+ Indian credit cards, HSBC Live+ Credit Card is the best cashback credit card in India, offering ₹7,101 annual benefit on a typical spend profile.
Among cashback credit cards, lifetime free options include cards like IDFC FIRST Millennia, Scapia Federal and HSBC Visa Platinum. Use our tool above to find the best zero-fee card for your spend profile.
We rank cashback credit cards by calculating the exact annual rupee benefit using hardcoded, verified reward rates, not AI-generated estimates. Every card is scored on a realistic monthly spend profile for this category, with the annual fee subtracted to show net benefit.
A cashback-specific card makes sense if you spend heavily in that category every month. If your spending is spread across multiple categories, a flat cashback card like Axis ACE (1.5% on everything) may deliver better overall returns. Use our personalised tool to compare both for your actual spend.
Yes. When you click "Apply now" on Faayda, you are taken directly to the bank's official website or application page. Faayda does not collect your personal or financial information. We may earn a referral fee on approved applications. This never influences our rankings.