As we step into 2024, credit cards in India continue to evolve, offering users innovative ways to maximize their spending. Among the myriad options available, cashback credit cards stand out as powerful tools to earn back a percentage of the amount spent on various purchases. In the pursuit of financial efficiency and rewarding spending habits, these cards provide a seamless way to enjoy monetary returns on everyday transactions.
Let’s delve into the best cashback credit cards that are poised to make a significant impact in 2024, offering enticing benefits and robust cashback rewards for cardholders.
Flipkart Axis Bank Credit Card
The Flipkart Axis Bank Credit Card stands out with a generous welcome offer of INR 500 Flipkart vouchers and a 50% discount (up to INR 100) on the first SWIGGY order. Ongoing benefits include competitive cashback rates, offering 5% on Flipkart 2GUD and Myntra, 4% on preferred merchants (PVR, Swiggy, Uber, cure.fit), and 1.5% on all other categories.
Cardholders enjoy the luxury of four annual airport lounge visits in India and a fuel surcharge waiver of 1% on transactions between INR 400 and INR 4,000, with a maximum waiver of INR 500. The card further elevates dining experiences with a 20% discount at partner restaurants. Overall, it combines practical rewards with delightful perks for a comprehensive and user-friendly financial solution.
Axis Bank ACE Credit Card
The Axis Bank ACE Credit Card is a compelling choice with its lucrative benefits and fee waivers. Enjoy a waiver on the joining fee by spending INR 10,000 within 45 days, and an annual fee waiver for spending over INR 2 lakh annually. The welcome benefit includes a cashback of INR 500 on spending INR 10,000 in the initial 90 days.
For cashback rewards, the card offers 5% on bill payments, 4% on online food and mobility services, and 2% on other expenses, with no upper limit. Avail four complimentary domestic airport lounge visits and a 1% fuel surcharge waiver on petrol transactions between INR 400 and INR 4,000, up to a maximum of INR 500. The card allows transactions above INR 2,500 to be converted to EMIs, and offers a 20% discount at over 4,000 partner restaurants nationwide.
Cashback SBI Card
The SBI Card offers hassle-free cashback benefits, with 5% cashback on online spends and 1% cashback on offline spends, without any merchant restrictions. The cashback is automatically credited to your SBI Card account within two working days of the next statement generation. Additionally, enjoy a reversal of the renewal fee on annual spends of INR 2 lakh. Benefit from a 1% fuel surcharge waiver across all petrol pumps.
Dhanlaxmi Bank Platinum Credit Card
The Dhanlaxmi Bank Platinum Credit Card offers a robust set of features, including 5% cashback on supermarket and departmental store purchases. Enjoy extensive coverages such as credit shield of up to INR 1 lakh, purchase protection of up to INR 1 lakh, and air accident insurance of up to INR 20 lakh. Global customer assistance adds to the card’s convenience. Eligibility criteria include an age range of 21 to 65 and a minimum income requirement of INR 3 lakh.
ICICI Bank HPCL Super Saver Credit Card
The ICICI Bank HPCL Super Saver Credit Card, with an annual fee of INR 500 + 18% GST, stands as a lucrative choice for those seeking rewards and savings. With no upper limit on fuel-related rewards, cardholders can enjoy unlimited benefits on their fuel expenses. Additionally, the card extends 5% cashback on grocery and department store purchases, coupled with a rewarding structure of 2 points for every INR 100 spent on other retail transactions.
The versatility continues with flexible redemption options—points can be redeemed at HPCL petrol pumps or through the PAYBACK program, where each point holds a value of INR 0.25. This card effectively combines fuel benefits with a robust rewards system, making it an attractive option for those looking to optimize their spending.
Airtel Axis Bank Credit Card
The Airtel Axis Bank Credit Card welcomes users with Amazon vouchers worth INR 500 upon the first transaction within 30 days of card allotment. Continuing with enticing benefits, the card offers 25% cashback on Airtel Mobile, Broadband, WiFi, and DTH bill payments through the Airtel Thanks App, capped at INR 300.
Users can also enjoy 10% cashback on utility bill payments, including gas and electricity, through the Airtel Thanks App, with a maximum cashback of INR 300. Additionally, the card provides a 10% cashback at preferred merchants, offering a maximum benefit of INR 500. With its array of ongoing benefits, the Airtel Axis Bank Credit Card ensures value and savings for users in various spending categories.
Swiggy HDFC Bank Credit Card
The Swiggy HDFC Bank Credit Card is tailored for food enthusiasts and online shoppers, offering a host of cashback benefits. Users can enjoy a lucrative 10% cashback on the Swiggy app for food orders, Swiggy Instamart, Dineout, and Genie services. The card extends 5% cashback on online spends across leading brands, making it versatile for various online purchases.
Additionally, users receive a 1% cashback on spends in other categories. As an added perk, the card provides a complimentary three-month membership to Swiggy One upon both card activation and renewal. With its focused cashback rewards and exclusive membership benefits, the Swiggy HDFC Bank Credit Card is designed to enhance the dining and online shopping experience for cardholders.
YES Prosperity Cashback Plus Credit Card
The YES Prosperity Cashback Plus Credit Card, with an annual fee of INR 1,499, offers lucrative benefits. Cardholders enjoy 5% cashback on movie tickets and grocery shopping, 0.75% cashback on all retail spends, and an additional 5% cashback on bill payments via YES PayNow. As a welcome offer, users receive a cashback of INR 250 by spending INR 2,500 within the initial 30 days of card issuance. Furthermore, the card provides a 1% fuel surcharge waiver at fuel stations nationwide.
