Which credit card gives the highest cashback in India?

Cashback rates vary by category. Some cards offer up to 5% on online shopping; others give a flat 1%–1.5% on all spends. The best card depends on where you spend most — online retail, groceries, dining, or fuel.

Is cashback automatically credited to my account?

Policies differ by card. Some credit cashback instantly on each transaction; others credit it monthly after hitting a minimum threshold; some require manual redemption via the bank's app. Check the specific card's terms before applying.

Do cashback credit cards work on UPI or rent payments?

Most cashback credit cards exclude UPI transactions and rent payments from cashback eligibility. These categories are commonly carved out in the reward terms — always verify before assuming cashback applies.

What is the difference between cashback and reward points?

Cashback is credited directly as a statement credit — simple and transparent. Reward points have a redemption value (often 0.25–0.5 paisa per point) that varies by how you redeem them. Cashback is easier to value; points can offer higher value when redeemed for flights or hotels.

Do cashback credit cards cap the monthly cashback I can earn?

Most cashback cards cap monthly earnings at ₹500–₹2,000. Cards with uncapped cashback exist but typically earn at a lower flat rate. Always check both the earn rate and the monthly or annual cap in the card's terms.

CASHBACK CREDIT CARDS

Best Cashback Credit Cards of June 2026

By CreditGully Editors · Updated June 1, 2026

Get real money back on your everyday spending. Our cashback card picks for India offer straightforward rewards — no points programmes, no complicated redemptions. Just cash credited back to your account.

Rankings are based on our editorial criteria. Card details are subject to change — verify current terms with the issuing bank.

Credit cardBest forWelcome bonusEffective yieldAnnual fee

Cashback

State Bank of India

Cashback on online shopping

Fee: ₹999Yield: 1%–5%

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Cashback

State Bank of India

Cashback on online shopping

1% – 5%

₹999

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Amazon Pay

ICICI Bank

Everyday Amazon shopping

Fee: NilYield: 1%–5%

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Amazon Pay

ICICI Bank

Everyday Amazon shopping

1% – 5%

Nil

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ACE

Axis Bank

3.5

High utility cashback

Fee: ₹499Yield: 1.5%–5%

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ACE

Axis Bank

3.5

High utility cashback

1.5% – 5%

₹499

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Swiggy BLCK

HDFC Bank

4.5

Food and grocery delivery

3 months Swiggy One membership

1% – 10%

₹1,000

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Live+

HSBC

Everyday dining and groceries

Bonus: ₹1,000 cashback + ₹250 Amazon eGift Voucher + upto ₹750 voucher

Fee: ₹999Yield: 1.5%–10%

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Live+

HSBC

Everyday dining and groceries

₹1,000 cashback + ₹250 Amazon eGift Voucher + upto ₹750 voucher

1.5% – 10%

₹999

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Tata Neu Infinity

HDFC Bank

Tata ecosystem and UPI rewards

Bonus: 1,499 NeuCoins

Fee: ₹1,499Yield: 1%–10%

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Tata Neu Infinity

HDFC Bank

Tata ecosystem and UPI rewards

1,499 NeuCoins

1% – 10%

₹1,499

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Flipkart

Axis Bank

3.5

Flipkart and Myntra shopping

₹350 worth of activation benefits

1% – 7.5%

₹500

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Airtel

Axis Bank

3.5

Airtel and utility savings

Bonus: ₹250 Amazon eVoucher

Fee: ₹500Yield: 1%–25%

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Airtel

Axis Bank

3.5

Airtel and utility savings

₹250 Amazon eVoucher

1% – 25%

₹500

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Millennia

HDFC Bank

4.5

Online shopping and lifestyle

Bonus: 1,000 CashPoints

Fee: ₹1,000Yield: 1%–10%

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Millennia

HDFC Bank

4.5

Online shopping and lifestyle

1,000 CashPoints

1% – 10%

₹1,000

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PhonePe Ultimo

HDFC Bank

3.5

Everyday utility bills and UPI payments

Bonus: ₹499 PhonePe Gift Card + ₹50 × 10 UPI scratch cards

Fee: ₹999Yield: 1%–10%

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PhonePe Ultimo

HDFC Bank

3.5

Everyday utility bills and UPI payments

₹499 PhonePe Gift Card + ₹50 × 10 UPI scratch cards

1% – 10%

₹999

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Power+

IDFC FIRST Bank

Fuel and UPI rewards

Bonus: Welcome benefits worth ₹2,500

Fee: ₹499Yield: 0.5%–8.83%

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Power+

IDFC FIRST Bank

Fuel and UPI rewards

Welcome benefits worth ₹2,500

0.5% – 8.83%

₹499

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SimplyCLICK

State Bank of India

Entry-level online shopping

Bonus: ₹500 Gift Card

Fee: ₹499Yield: 0.2%–4.5%

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SimplyCLICK

State Bank of India

Entry-level online shopping

₹500 Gift Card

0.2% – 4.5%

₹499

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HPCL Super Saver Card

ICICI Bank

Fuel and roadside assistance

Bonus: 2,000 reward points

Fee: ₹500Yield: 0.5%–5%

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HPCL Super Saver Card

ICICI Bank

Fuel and roadside assistance

2,000 reward points

0.5% – 5%

₹500

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Editorial Disclaimer: Opinions expressed here are the CreditGully editorial team's alone and have not been reviewed or approved by any card issuer. Compensation may impact which cards appear and how, but does not affect our editorial integrity or ratings.

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