Features and Benefits on Cashback Credit Cards
HDFC Bank MoneyBack Credit Card
HDFC Bank MoneyBack Credit Card is a popular beginner level credit card in India which offers cashback to the cardholders on every transactions that they make. This card is best for those who shop frequently online because it provides higher reward points on online transactions.
Joining fee: Rs.500
Renewal fee: Rs.500 (from 2nd year onwards).
Joining bonus: 500 reward points will be credited upon paying the joining fee.
| It provides cashback on every online transactions |
Get two reward points on every Rs.150 spent |
| It provides reward points |
Get four reward points on every Rs.150 spent on online shopping |
| Reward points can be converted into cashback |
Spend Rs.50,000 in a quarter and get e-voucher worth Rs.500 |
| Free accidental death insurance up to Rs.50 lakh |
1% fuel surcharge waiver on fuel transactions of value Rs.400 |
| Zero liability on lost card |
10X CashPoints on Reliance Smart SuperStore, BigBasket, Swiggy, Flipkart, and Amazon |
Cashback SBI Card
Cashback SBI Card is basically a newly launched credit card. It is a cashback reward card which provides cashbacks to the cardholders for every transactions done through the card. You will also able to earn 5% cashback on your online as well as offline purchases. Apart from this, you will be receiving various multiple benefits like complimentary access to domestic airport lounges.
Joining fee - Rs.999
Key Highlights - Cashback SBI card is a great credit card to do online shopping.
| You can pay your utility bills using ‘Easy Bill Pay’ feature |
All offline sales and utility bill payments receive a flat 1% reward |
| Cardholders can transfer outstanding credit card debts from another bank to the credit card for EMI repayments at a lower rate of interest. |
Free domestic airport lounge visits are limited to four per year, with one visit permitted each quarter. |
| You will be able to increase the value of your credit card by buying add-on cards for spouse, parents, children, or siblings. |
5% cashback on online purchases |
Amazon Pay ICICI Credit Card
Key Highlights - The Amazon Pay ICICI credit card provides customers with best co-branded benefits. Amazon Pay ICICI Credit Card is a cashback credit card which specifically made for customers of Amazon Prime. It offers exciting rewards of up to 5% on Amazon purchases and a respectable 1% cashback on online as well as offline purchases. One of the important features of this card is that is a lifetime free credit card which you can obtain through Amazon website or app.
Annual fee - Nil
| This credit card comes with NFC chip which enables contactless payments are Point of Sale (PoS) terminals. |
For Prime Members, Amazon offers 5% cashback and 3% cashback for non prime customers |
| The card has an integrated chip which safeguards offline as well as ATM transactions against skimming schemes and counterfeiting. |
1% cashback on all other purchases |
| The accrued cashback amount will be transferred to your Amazon Pay account at the end of each billing cycle. |
2% cashback at more than 100 partner retailers |
HSBC Cashback Credit Card
Key highlights - HSBC cashback credit card is a great credit card for online purchases. HSBC Cashback Credit Card provides unlimited cashback to the cardholders its users on various spending segments. Myriads of standout introductory offers as well as ongoing deals of different brands is what makes this card different from others.
Joining fee - Rs.750
| The card provides variety of introductory deals to the cardholders. |
All online purchases will earn 1.5% reward, excluding transfers to online wallets |
| Contactless payments can be made using VISA Paywave technology |
As long as Instant EMI is used at the listed retailer, cashback is also received |
| The more you spend, the more cashback you get |
Discounts of 15% or more at affiliated restaurants |
Axis Bank ACE Credit Card
Axis Bank credit cards have lots of features and benefits that include accelerated cashbacks on your spending. With Axis Bank ACE Credit Card you can avail discounts on all your daily expenses made with the card.
Joining Fee: Rs.499.
Annual Fee: Rs.499
| Targetted for young professional |
No cash back on fuel spends, wallet reloads, gold purchased, purchases which are to be converted to EMI, cash withdrawals, card payment on outstanding balances, and payment of card fees & other card charges. |
| Accelerated cashback on Ola rides |
Fuel surcharge waiver of 1% at fuel stations across the country |
| Accelerated cashback on Zomato and Swiggy |
Four complimentary lounge access to domestic and international airport lounges |
Flipkart Axis Bank Credit Card
5% cashback is provided in case you use the card on Flipkart to make any purchases. Apart from Flipkart, cashback is provided on Cure.fit, Uber, PVR, and CleraTrip. Lifestyle, travel, and shopping benefits can ve availed by using the car.
Annual Fee: Rs.500
Renewal Fee: Rs.500 (in case you spend Rs.3.5 lakh in one year, no fee needs to be paid)
Benefits
The main benefits of the Flipkart Axis Bank Credit Card are mentioned below:
- Rs.1,100 is provided as a Welcome Benefit.
- Fuel surcharge waiver is 1% (maximum of Rs.400).
- Up to 4 domestic lounge visits are allowed in a year for free.
- Cashback of 1.5% is offered across all categories.
HDFC Millennia Credit Card
Cashback benefits are offered across several categories such as travel, online, etc., by using the HDFC Millennia Credit Card. In case you use the card to make purchases on Flipkart and Amazon, 5% cashback is provided.
Annual Fee: Rs.1,000
Renewal Fee: Rs.1,000 (in case you spend Rs.1 lakh in one year, no fee needs to be paid)
Benefits
The main benefits of the credit card are mentioned below:
- A discount of 20% is offered through Swiggy Dineout at partner restaurants.
- In case you spend at least Rs.1 lakh in a calendar quarter, a gift voucher worth Rs.1,000 is given.
- Up to 8 domestic lounge visits are allowed in a year for free.
- Cash Points are given as a cashback.
Swiggy HDFC Bank Credit Card
In case you order groceries, food, etc., on Swiggy, several benefits are offered by using the Swiggy HDFC Bank Credit Card. The reward points can be redeemed in the Swiggy Money balance.
Annual Fee: Rs.500
Renewal Fee: Rs.500 (in case you spend Rs.2 lakh in one year, no fee needs to be paid)
Benefits
The main benefits of the credit card are mentioned below:
- Once the card has been activated or renewed, Swiggy One membership is provided for three months for free.
- Cashback of 5% is offered in case the card used for online spends across top brands.
- Cashback of 10% is provided on Swiggy Genie, Dineout, Instamart, and food ordering.
Paytm SBI SELECT Credit Card
Cashback is provided across several categories by using the Paytm SBI SELECT Credit Card. In case you book movie tickets or travel booking is done, a cashback of 5% is provided.
Annual Fee: Rs.1,499
Renewal Fee: Rs.1,499 (in case you spend Rs.2 lakh in one year, no fee needs to be paid)
Benefits
The main benefits of the credit card are mentioned below:
- Up to 4 domestic lounge visits are allowed in a year for free.
- In case you spend Rs.6 lakh in a year, a gift voucher worth Rs.4,000 is provided.
- In case you spend Rs.4 lakh in a year, a gift voucher worth Rs.2,000 is provided.
- A joining benefit of Rs.750 will be added to the Paytm wallet.
- In case any purchases are made on the Paytm app, a cashback of 1% will be provided.
Airtel Axis Bank Credit Card
In case you use the credit card to pay the Airtel mobile bill, a 25% cashback will be provided. If utility bills are paid on the Airtel Thanks app, a 10% cashback will be provided.
Annual Fee: Rs.500
Renewal Fee: Rs.500 (in case you spend Rs.2 lakh in one year, no fee needs to be paid)
Benefits
The main benefits of the Airtel Axis Bank Credit Card are mentioned below:
- Discount of up to 20% will be provided at select restaurants.
- Up to 4 domestic lounge visits are allowed in a year for free.
- Once the card has been activated, a Rs.500 Amazon e-voucher will be given.
Eligibility to Apply for Cashback Credit Cards
| HDFC Bank Money Back Credit Card |
Salaried - 21 to 60 years
Self-employed - 21 to 65 years
|
| Axis Credit Card |
18 to 70 years |
| Cashback SBI Card |
21 to 70 years |
| Amazon Pay ICICI Credit Card |
18 to 60 years |
| HSBC Cashback Credit Card |
18 to 65 years |
| Flipkart Axis Bank Credit Card |
18 to 70 years |
| HDFC Millennia Credit Card |
21 to 40 years |
| Swiggy HDFC Credit Card |
21 to 40 years |
| Paytm SBI SELECT Credit Card |
Contact the bank |
| Airtel Axis Bank Credit Card |
18 to 70 years |
Note: You can get in touch with the respective banks to find out the income criteria to be eligible for the above-mentioned credit cards.
How to Apply for Cashback Credit Cards Online?
Many private and nationalised banks have approved BankBazaar as a partner, and it offers an online application platform for credit cards. To achieve a fast approval, you can apply for a cashback credit card, check your eligibility, and upload the necessary paperwork.
Follow the steps to apply for cashback credit cards through Bankbazaar.Com.
Step 1: On the cashback credit cards page, find the list of cashback credit cards you can apply for on the top.
Step 2: Choose a card and click on the 'Check Eligibility' button
Step 3: Enter the required details to know the eligibility for the card.
Step 4: If you're eligible, you can apply online for the same card by following the subsequent steps.
On successful submission of all the documents and application, you will receive an 'Application ID', which can be used to track your application using the 'Track Application' feature.
FAQs on Cashback Credit Cards
- Will the cashback be credited to the credit card account?
Yes, the cashback which is received will be credited to your credit card.
- How long does it take for the cashback to be reflected in the account?
Once a purchase which is eligible for cashback has been made, the amount will be credited within five working days.
- How can I maximise on my cashback credit card?
It is advised that you make use of your cashback credit card on larger purchases so as to benefit most from it.
- Should I get a cashback credit card if I have a reward credit card?
You can consider a cashback credit card as well. This is if the rewards credit card does not cover a certain spending category that you tend to spend most on.
- How old should I be to get a Standard Chartered Manhattan Platinum Credit Card?
You should be between 21 to 65 years to get a Standard Chartered Manhattan Platinum Credit Card.
- How to select the right cashback credit card?
Depending on how you want to use the credit card, you should choose the finest cashback credit card. When choosing any kind of cashback credit card, it is crucial to be aware of your needs because credit card bonuses tend to favour certain categories. Additionally, you must contrast credit cards according to their bonus categories, annual fees, and cashback rates.
- Which is better cashback or rewards?
The idea behind rewards and cashback are similar as they are incentives for using your card. Cashbacks are easy to manage, but reward points are complicated as you have to follow extra steps to accumulate the points and redeem them. Various credit cards allow their users to convert the reward points into cash, but you may get the same amount. On the other hand, some reward credit cards allow you to convert into miles.
- How to maximize cash back on your credit card?
One of the best ways to maximize the benefits of cash back credit cards is to use them for the bonus category of expenses. For instance, if a cashback credit card provides fuel benefits, its users can put the fuel expenses on this card to utilize its best.
- Is a cashback credit card worth it?
Any credit card is worthy if its users know how to manage the card properly to reap maximum benefits. Most cashback credit cards charge a low annual fee, so you can enjoy a lot of benefits even if you do not put every expense on the card.
- Can NBFCs offer cashback credit cards?
NBFCs are not permitted to engage in the credit card industry without the Reserve Bank of India's prior authorisation.
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