11 Best Cashback Credit Card in India 2020 (Review & Comparison)

I have researched and listed the best cashback credit card in India 2020 in this article.

Last year, I have saved more than Rs. 1 Lakh on cashback and discounts through credit cards.

You can get cashback on your credit card purchases in one of the two ways:

  • Direct cashback on your purchases
  • By converting your reward points into cashback to pay your credit card bill.

Here is my list of the best cash back cards in India 2020 those either give lots of direct cash back or rewards points.

Best Cashback Credit Card in India 2020 (Direct Cashback)

#1. Standard Chartered Manhattan Credit Card

Standard Chartered Manhattan card gives you 5% direct cashback on grocery spends at supermarkets.

Earlier, I spend almost 90% of my expenses on Standard Chartered Manhattan Credit Card for earning cashback and rewards points.  Now I use Manhattan credit card just for the groceries to get 5% cashback.

Annual Fee: Rs. 999 (but you can get it waived off with Rs. 1.2 Lakh annual spend)

The card is best for salaried people if they can spend more than Rs. 1.2 Lakhs per year. Don’t worry about the annual fees, you would get that waived off every year.

Standard Chartered converted my Manhattan credit card into lifetime free.

SC Manhattan credit card review video (Hindi)

Potential Annual Saving

  • Savings of Rs. 6000 on a spend of Rs. 1 Lakhs.

Key benefits:

  • Get 5% cashback in supermarkets
  • Earn 3x rewards points per Rs. 150 spent on other purchases
  • Get Rs. 2000 BookMyShow voucher on the first transaction

Terms to get cashback

You need to make a minimum purchase of Rs. 1000 to get 5% cashback. The maximum cashback is capped at Rs. 500 per month (Rs. 150 per transaction).

This way in a year you can save up to Rs. 6000 (12*500 = 6000) only on your grocery spends.

Approval Strategy

  • Apply if you already have a credit card (you need an existing credit score)
  • If your salary is at least Rs. 40,000 per month

#2. Standard Chartered Titanium Credit Card

While SC Manhattan card rewards you on grocery spends, SC Super value Titanium card gives you cashback on fuel, phone and utility bill payments.

You can get direct 5% cashback on fuel, phone and utility bill payments with SC Super value titanium credit card. Which helps you save a maximum of Rs. 200 on fuel & phone bills each and Rs. 100 on utility spends per month. A total savings of Rs. 500 per month.

Clearly, you can save up to Rs. 6000 every year only on your fuel, phone and utility spend.

The biggest advantage is that you can use the credit card at any fuel station across India to get the cashback. But the minimum transaction value should be Rs. 750 to get cashback.

Annual Fee – Rs. 750 (waived on spending Rs. 60,000 every year) + 100% one-time cashback (up to Rs. 1500) on fuel spends within 90 days of approval.

Potential Annual Saving

  • Savings of Rs. 6000 on a spend of Rs. 1 Lakhs.

Quick Application Link to Apply for SC  Titanium Credit Card

Key Benefits

  • Get 5% cashback on phone bills payments
  • Get 5% cashback on Fuel spends
  • Get 5% cashback on every utility bill spends

#3. Citi Cashback Credit Card

With Citibank cashback credit card, you get direct 5% cashback on all your movies, telephone and utility bills payments. The maximum cashback is of Rs. 100 per month on each category (telephone, movies and utility bills).

In order to get cash back on utility bill payments, you need to use Citibank online bill pay services for all utility payments. Citi Cashback credit card is best for you if you spend up to Rs. 2000 (2000*5%= 100) monthly on movies and bill payments.

You will get cashback once the cashback amount reaches Rs. 500, you will get cashback as a statement credit.

Annual Fee – Rs. 500

Potential Annual Saving

  • Savings of Rs. 3600 on a spend of Rs. 1 Lakhs.

Key Benefits

  • Get 5% cash back on movie and telephone bills
  • Earn 5% cashback on all your utility bill payments
  • Get 0.5% Cash Back on all other spends
  • Up to 15% savings across participating restaurants

Drawbacks

  • You can get a maximum of Rs. 100 cashback per category.
  • You must have excellent Credit History before applying.
  • The online form is complex and lengthy, patiently fill the information

#4. ICICI Amazon Pay Credit Card

ICICI Amazon Pay credit card is for the Amazon shoppers. You can save up to 5% on your all Amazon shopping.

You will also get the cashback on your other spends as well. But the cashback will be given in the form of Amazon pay balance.

There is no limit on cashback to be earned, but the minimum transaction should be of Rs. 3000.

Annual Fees – NIL

Potential Annual Saving

  • Savings of Rs. 5000 on a spend of Rs. 1 Lakhs.

Benefits of Amazon Pay Credit Card

  • Get 5% cash back on Amazon (prime customers)
  • Get 3% cash back on Amazon ( non-prime customers)
  • Earn 2% cashback on paying to other merchants
  • Get 1% cashback on all other payments
  • 1% fuel surcharge waiver

#5. Yes Prosperity Cashback Credit Card

Yes Prosperity cash back has almost similar features to that of Citi Cashback credit card. The Prosperity card lets you get 5% cash back on your movie, grocery, and bill payments.

In order to get cashback, you need to make a minimum transaction of Rs. 500 on all payments to get 5% cashback.

Annual fee – Rs. 1000 (ask their customer care to get annual fee waiver)

Potential Annual Saving

  • Savings of Rs. 3600 on a spend of Rs. 1 Lakhs.

Key Benefits

  • Grab Rs. 250 Cashback on total spends of Rs. 2500 within 30 days of the card set up
  • Get 5% cashback on spends on movies and grocery,
  • Get 5% cashback on bill payments through YES PayNow
  • 0.50% Cashback on all other spends except fuel
  • Get 1% fuel surcharge waiver (transaction between Rs. 400 to Rs. 5,000)

Drawback

  • You can get a maximum cashback of Rs. 100 on each movie and grocery per month.
  • Hard to get an annual fee waiver.

Best Cashback Credit Card in India 2020 (Statement Credit)

#6. American Express Membership Rewards Credit Card

You can redeem reward points earned on Amex membership rewards credit card into statement credit which is also a kind of cashback.

The biggest benefit of membership rewards credit cards is that it gives rewards on adding money to wallets like Paytm, Amazon Pay and Freecharge.

I earn 1,000 Bonus Membership Rewards Points every month by doing 4 transactions of 1000 rupees.

You can be redeemed the points for statement credit from the fabulous 18 and 24 Karat Gold Collection. For 24000 points you get a statement credit of Rs. 9,000 and for 18000 points you can have Rs. 6,000 of the statement credit.

Annual Fee

  • First Year – Rs. 1000
  • Second Year onwards – Rs. 4500 (spend Rs. 1,50,000 and get 100% renewal fee waiver. If you spend Rs. 90,000 to Rs. 1,49,999, you only get 50% waived off)

Potential Annual Saving

  • Savings of Rs. 6750 on a spend of Rs. 1 Lakhs.

Key Benefits

  • 1000 Bonus points for using your Card 4 times every month.
  • Earn 1 membership rewards point for every Rs. 50 spent
  • Get 1% fuel surcharge waiver
  • Welcome gift of 4,000 bonus Membership Reward Points
  • Get 5000 reward points on first renewal
  • 20% off every time you dine at select restaurant partners.

Expert Tip

  • Load 4000 rupees into your Paytm, Freecharge and Amazon Pay wallet to earn 1000 bonus points (worth Rs. 400). Pay using wallets wherever possible.
  • You would save the money twice if you find a deal with wallets.

#7. Amex Gold Credit Card

Early Amex Gold credit card offered the same benefits which they offer now on Amex Membership Rewards credit card.

I used Gold credit card for 2 years but since they made changes in the rewards points, I switch to Members rewards credit card.

But still, you can use Amex gold card to get 1,000 bonus membership rewards points for simply using your Card 6 times on transactions of Rs. 1,000 and above every month. Early you would get the same points on making 4 transactions.

Annual Fee

  • First Year – Rs. 1000
  • Second Year onwards – Rs. 4500

The reward points you earned can be redeemed for statement credit from the fabulous 18 and 24 Karat Gold Collection. Which means you get a direct cashback to your credit card statement.

For 24000 points you get a statement credit of Rs. 9,000 and for 18000 points you can have Rs. 6,000 of a statement credit.

Quick Application Link to Apply for Amex Gold Credit Card

Key Benefits

  • Get 1000 Bonus points for using your Card 6 times every month.
  • Earn 1 Membership Rewards Point for every Rs. 50 spent
  • Get 1% Fuel surcharge waiver
  • Welcome Gift of 4,000 Bonus Membership Rewards Points
  • Get 5000 reward points on your first renewal
  • 20% off every time you dine at select restaurant partners.

If you compare the features of Membership Reward card and Gold card, the Membership card is the clear winner.

#8. ICICI Sapphiro Credit Card

ICICI Sapphiro is a premium credit card which offers payback points on your international spending as well.

You can use payback points to pay your credit card bill by redeeming 1000 payback for Rs. 250 statement credit.

Welcome Gift

  • Shoppers stop voucher worth Rs. 3000
  • EaseMyTrip Vouchers worth Rs. 4000
  • Ola Vouchers worth Rs. 1000
  • Vouchers from Zomato worth Rs. 1000 and
  • Croma Voucher worth Rs. 1000.

Milestone Benefit

  • Get 4,000 payback points on spending Rs. 4 Lakhs
  • Get 2000 payback points each time you cross Rs. 1 Lakh spend thereafter
  • The maximum points are capped at 20,000 points per year.

Annual Fee

  • First Year – Rs. 6500
  • Second Year – Rs. 3500 (waived off if you spend more than Rs. 6,00,000 in the previous year)

Potential Annual Saving

  • Savings of Rs. 3600 on a spend of Rs. 1 Lakhs.

Key Benefits

  • Get 2 payback points on domestic and 4 on international spends (Mastercard)
  • Get 3 payback points on domestic and 6 on international spends (Amex Card)
  • Get 1 payback points on every Rs. 100 spent on fuel, utilities and insurance
  • Get 4 domestic airport lounge visits per quarter
  • Get 2 international airport lounge and 2 domestic airport spa visits per year
  • Get 4 complimentary rounds of golf every month at the golf course
  • Buy one movie ticket and get up to Rs. 500 off on the second ticket
  • Get 15% savings on dining bills at over 2,500+ restaurants across India
  • Get 1% fuel surcharge waived off

#9. HDFC Solitaire Credit Card

HDFC Solitaire credit card is a premium credit card only for women customers. The biggest benefit is, you would get Shoppers Stop gift voucher worth Rs. 1,000 on spending Rs. 75,000 every 6 months.

That can help you get 2 vouchers worth Rs. 2000 every year. The vouchers are an additional earning to regular reward points

The Solitaire card let you redeem reward points for a statement credit. The redemption value of 1000 points is Rs. 200 which gets adjusted towards your credit card bills.

With Solitaire card you would save 0.60% on dining and grocery. For other spends, you get 0.40% discounts.

Annual Fee – Rs. 500 (Spend Rs. 10,000 within the 90 days of card approval and get the first-year annual fee waived off)

Spend Rs. 50,000 in a year, and get next year annual fee waiver

Potential Annual Saving

  • Savings of up to Rs. 1600 on a spend of Rs. 1 Lakhs.

Key Benefits

  • Get 3 reward points per Rs. 150 you spend
  • Get 4.5 reward points per Rs. 150 spending on dining and grocery
  • Get 1% fuel surcharge waiver

#10. HDFC MoneyBack Credit Card

Moneyback is HDFC basic credit card, offered to almost every HDFC account holder. One featured which caught my attention is, with MoneyBack card you can redeem reward points for cash. On redeeming 1000 points you get a statement credit of Rs. 200.

Further, you would save 0.53% on your online spending and ~0.27% on your other spending.

Annual Fee – Rs. 500 (spend Rs. 50,000 in a year to get next year annual fee waiver)

Potential Annual Saving

  • Savings of up to Rs 530 on a spend of Rs. 1 Lakhs.

Key Benefits

  • You earn 2 reward points per Rs. 150 spent
  • Get 4 reward points per Rs. 150 on online spends
  • 1% fuel surcharge waiver (min transaction Rs. 400)

You may also like to readBest free credit card in India

#11. ICICI Coral Credit Card

ICICI Coral credit card is geared for lifestyle spends on movies, dining, lounge visit while on travel and discounts.

With the ICICI Coral credit card, you can redeem the payback points for card statement credit. You get Rs. 25 for every 100 points to pay your credit card bills.

You would save 0.25% on all your utility & insurance spends. There is 0.50% cashback on all other spends except fuel.

Annual Fee – Rs. 500 (spend Rs. 1,50,000 and get next year fee waiver)

Milestone Benefit

  • 2000 payback points on spending Rs. 2,00,000 in one year
  • 1000 payback points each time you cross Rs. 1 Lakh of spend thereafter (maximum points capped at 10,000 points in one year)

Potential Annual Saving

Savings of Rs. 4000 on a spend of Rs. 1 Lakhs.

Key Benefits

  • Earn 2 payback points on every Rs. 100 spent on your card (except fuel)
  • Earn 1 payback points on every Rs. 100 spent on utilities and insurance
  • Get 15% savings on dining bills at over 2500+ restaurants across India
  • Get 2 complimentary movie tickets every month on BookMyShow up to Rs. 250
  • One complimentary domestic airport lounge visit per quarter
  • One complimentary domestic railway lounge visit per quarter

Conclusion on Best CashBack Credit Card in India

I personally like SC Manhattan and Amex Rewards Membership cards where I get maximum cashback and rewards point. You can go with any of these two to get the maximum benefit.

14 thoughts on “11 Best Cashback Credit Card in India 2020 (Review & Comparison)”

  1. Hi, how about HDFC Dinners Club card, where each point = 0.50 paise. Is this not a good bargain? Annual spend needed is higher for fee waiver but with the points to Re conversion, I found this to be a good one. But would like to know your view on this. Thanks for the nice information on this site.

    Reply
  2. For airport lounge access lic credit card is best
    With no annual and join ing fee
    1% cash back on each purchase
    Please review signature lic card also

    Reply
  3. In case of Amazon pay credit card will I get reward points for adding money to my paytm wallet?and our family has 5 credit cards most of them belonging to my mom and dad.But my age is 18 and I have no credit history or credit cards.how can I get a credit card for free without an income or fixed deposit just based on my mom or dads card??not talking about add on cards I need a separate card of my own.

    Reply
  4. Can you please tell me how you calculated Rs 7200 for HDFC Solitaire Credit Card? Excluding Shoppers Stop voucher, even if you spend only on dining and grocery, 1.5lacs of spending yields Rs 900. I don’t understand.

    Reply
  5. Hi.. Thanks for the detailed info.
    “There is no limit on cashback to be earned, but the minimum transaction should be of Rs. 3000.”

    Can u please clarify about the minimum transaction in case of ICICI Amazon Pay Card. I could not find this info anywhere on ICICI or Amazon website.
    Thanks!

    Reply

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