CardCheck Score
Very Good
ACE Credit Card
Axis Bank
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Best for Cashback on utility bills via Google Pay and daily spending
Fuel WaiverLounge AccessHigh Rewards
Joining Fee
₹499
Annual Fee
₹499
Reward Rate
1.5–5%
APR
55.55%
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Best Cashback Credit Cards
39 cards in this category•Updated October 2026•Verified against Bank MITC
Cashback cards return a percentage of every purchase directly to your account or statement balance. The best cashback cards in India offer 1–5% back on everyday spending categories like groceries, fuel and online shopping — with no hassle of tracking reward points.
2026 Comparison Matrix
Top Ranked Best Cashback Credit Cards
Verified Bank MITC Terms
Side-by-side comparisonSwipe right for full table
| Rank & Credit Card | Cashback Score | Annual Fee | Top Category Perk | Quick Action |
|---|---|---|---|---|
 #1 ICICI Bank#1 Leader Amazon Pay ICICI | 96/100 EliteOverall: 77 | FreeStandard fee | Up to 5% rewards on top categories | |
 #2 HDFC Bank Swiggy Ornge HDFC | 96/100 EliteOverall: 72 | ₹500Waived @ ₹1,50,000/yr | Up to 5% rewards on top categories | |
 #3 HDFC Bank Swiggy BLCK HDFC | 96/100 EliteOverall: 67 | ₹1,000Waived @ ₹2,00,000/yr | Up to 10% rewards on top categories | |
 #4 SBI Card Titan SBI | 95/100 EliteOverall: 79 | ₹2,999Waived @ ₹3,00,000/yr | Up to 7.5% rewards on top categories | |
 #5 Axis Bank ACE | 95/100 EliteOverall: 79 | ₹499Waived @ ₹2,00,000/yr | Up to 5% rewards on top categories |
39 cards found
Quick answer: As of October 2026, the top 3 on CardCheck's Best Cashback Credit Cards list are Amazon Pay ICICI Bank Credit Card (77/100, no annual fee), Swiggy Ornge HDFC Bank Credit Card (72/100, ₹500 annual fee) and Swiggy BLCK HDFC Bank Credit Card (67/100, ₹1,000 annual fee), ranked from 39 cards on rewards, fees, lounge access and forex terms in each bank's MITC.
Frequently asked questions
- Which credit card gives the highest cashback in India?
- The SBI Cashback Card offers a flat 5% cashback across almost all online shopping transactions without merchant lock-in (up to ₹4,000 per month). For Amazon Prime members, the Amazon Pay ICICI Card provides 5% unlimited cashback with no monthly ceiling and zero annual fees.
- Which credit card is best for Blinkit and quick commerce grocery delivery?
- The Airtel Axis Bank Credit Card offers 10% instant value back on Blinkit and Zomato (up to ₹200 per partner per month; ₹499 minimum order). Swiggy HDFC offers 10% cashback on Swiggy and Instamart, while HSBC Live+ delivers 10% accelerated cashback on dining and groceries.
- What is the difference between flat cashback and co-branded merchant cashback?
- Flat cashback cards (like SBI Cashback) earn an identical 5% return across all online merchants. Co-branded merchant cards (like Flipkart Axis, Amazon Pay ICICI, and Airtel Axis) offer higher accelerated cashback (5% to 25%) on designated partner platforms, but earn lower base rates (1% to 1.5%) on other general retail spends.
- Is there a monthly cap on credit card cashback?
- Yes, most cards enforce monthly category caps. For example, SBI Cashback is capped at ₹4,000 per billing cycle (up to ₹2,000 on 5% online), Airtel Axis caps telecom and utility cashback at 2X and 1X base earnings, and HDFC Pixel Play caps total CashPoints at 2,000 per month. Amazon Pay ICICI is one of the few cards with zero monthly cashback caps.
- Does credit card cashback expire?
- In most cases, cashback earned on cashback-specific cards does not expire. It is either credited automatically to your monthly statement balance or accumulated in your rewards balance to be redeemed whenever you choose.
- Are cashback earnings taxable in India?
- No. Cashback received on credit card spending is generally not considered taxable income under the Indian Income Tax Act, as it is treated as a purchase discount on transactions rather than independent income.