Best Cashback Credit Cards in India for 2024
03 Jun 2024 3 mins Credit Cards
Cashback credit cards have become a favorite choice for many because they give you a percentage of your spending back. In 2024, picking the right cashback credit card in India can help you save a lot. Here's a guide to the best cashback credit cards you can choose from.
Why Use Cashback Credit Cards?
Cashback credit cards return a portion of what you spend. They're fantastic for reducing everyday costs because you can redeem the cashback as statement credits or direct deposits.
India's Top Cashback Credit Cards for 2024
1. Millennia Credit Card from HDFC Bank
Benefits
- 5% off of Amazon, Flipkart, Myntra, and other sites.
- Get 2.5% cashback when you use SmartBuy and PayZapp.
- For all other purchases, get 1% cashback.
- If you spend ₹1 lakh a year, there is no annual charge.
Ideal For: Those who frequently shop online.
2. SBI SimplyCLICK Credit Card:
Benefits:
- 10X benefits when partnered with Amazon and Cleartrip.
- 5X points for further internet transactions.
- If you spend ₹1 lakh a year, there is no annual charge.
Ideal For: Customers that purchase across several websites.
3. Axis Bank Ace Credit Card
Benefits:
- 5% reward is offered when using Google Pay to pay bills.
- Get 4% cashback on Swiggy, Zomato, and Ola.
- 2% back on additional purchases.
- No upfront costs for the first year.
Ideal For: Those who frequently pay their bills and place online food orders.
4. Amazon Pay ICICI Bank Credit Card
Benefits:
- 5% cashback on Amazon for Prime members.
- 3% cashback for non-Prime members.
- 2% cashback with Amazon Pay.
- 1% back on additional purchases.
Ideal For: Users of Amazon Prime.
5. Standard Chartered DigiSmart Credit Card
Benefits:
- 20% Myntra cashback.
- 10% cashback available on Yatra, Zomato, and Grofers.
- 1% back on additional purchases.
- For ₹5,000, there is no monthly charge.
Ideal For: Individuals that enjoy regular travel and fashion buying.
How to Choose the Best Cashback Credit Card
When picking a cashback credit card, think about these factors:
- Spending Patterns: Choose a card that offers high cashback on what you buy the most.
- Fees: Make sure the cashback you earn is more than any annual fees.
- Redemption Options: See how easy it is to get your cashback.
- Bonus Categories: Look for cards that give extra points for things you buy often.
Bottom Line
Choosing the best cashback credit card can help you save money on everyday expenses. By looking at the top options in India for 2024 and thinking about your spending habits, you can find the card that offers the best benefits. Use your cashback credit cards wisely and keep your credit score high to maximize your rewards. By looking at the top options in India for 2024 and thinking about your spending habits, you can find the card that offers the best perks. Use your cashback credit cards wisely and keep your credit score high to maximize your rewards.
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Author- Ayush Naik
Ayush Naik is an expert in personal finance with an MBA in Finance. With over five years of experience working alongside stock market traders, Ayush has a deep understanding of market dynamics and investment strategies. His practical insights and analytical skills have helped many individuals navigate the complexities of financial planning and investment. Ayush’s professional background and commitment to educating others make him a valuable contributor to our personal finance blog.