Best Cashback Credit Cards in India (2026 Edition)

Cashback cards should be simple: spend money, get some back. But most cashback cards in India give you points that expire, need to be redeemed via a catalog, or only pay out on specific merchant codes nobody memorises.

These three don't play that game.

---

1. SBI Cashback Credit Card — Best for Online Spends

Verdict: The most straightforward cashback card in India right now if you spend primarily online.

Annual Fee: Rs999/year (waived if you spend Rs2,00,000 in a year) Minimum CIBIL: ~700

Why it is the top pick

• 5% cashback on all online transactions — not just specific merchants, all of them
• 1% cashback on offline spends
• Cashback credited directly to your statement every month — no points, no catalog, no friction
• Works on Amazon, Swiggy, Zomato, Myntra, travel portals, bill payments — anything you pay online

Earn rate

Rs15,000/month in online spends = Rs750/month cashback = Rs9,000/year. After the Rs999 fee, you keep Rs8,001. If you hit Rs2,00,000 annual spend, the fee is waived entirely.

SBI Cashback pays out Rs2,240/year if you're spending Rs45,000/month online. That's the sweet spot where it beats every other card in this list by a wide margin.

Apply for SBI Cashback

---

2. Axis Ace Credit Card — Best for Bill Payments and Daily Spends

Verdict: The only card that gives 5% back on utility bill payments via Google Pay — plus 2% on everything else.

Annual Fee: Rs499/year (waived if you spend Rs2,00,000 in a year) Minimum CIBIL: ~700

Why it works

• 5% cashback on electricity, gas, phone, and DTH bills via Google Pay — a category most cards ignore or give 1% on
• 4% on Swiggy, Zomato, and Ola
• 2% on all other spends — one of the best base rates in this fee bracket
• Cashback credited to your statement every month

Earn rate

Rs3,000/month on utility bills + Rs4,000 on dining and cabs + Rs8,000 on everything else = Rs430/month = Rs5,160/year. After the Rs499 fee, you keep Rs4,661.

Apply for Axis Ace

---

3. ICICI Amazon Pay Credit Card — Best Lifetime Free Cashback Card

Verdict: 5% on Amazon with no annual fee, ever. If you're a Prime member, this card effectively pays for Prime.

Annual Fee: Free (lifetime free) Minimum CIBIL: ~700

Why it is still here

• 5% cashback on Amazon (Prime members), 3% (non-Prime)
• 2% on Amazon Pay bill payments
• 1% everywhere else
• Cashback goes directly into your Amazon Pay balance — spendable instantly, doesn't expire

Earn rate

Rs5,000/month on Amazon + Rs2,000 in bill payments = Rs310/month = Rs3,720/year. Zero fee. Better than most paid cashback cards if Amazon is your primary shopping destination.

Apply for ICICI Amazon Pay

---

Quick Comparison

| Card | Fee | Online Rate | Base Rate | Cashback Type | |------|-----|-------------|-----------|---------------| | SBI Cashback | Rs999 | 5% all online | 1% | Statement credit | | Axis Ace | Rs499 | 4% dining/cabs | 2% | Statement credit | | ICICI Amazon Pay | Free | 5% Amazon | 1% | Amazon Pay balance |

---

Which One Is Right for You?

• You spend Rs15,000+ online across different sites — SBI Cashback. That 5% on all online spends isn't matched by anything else at this price.
• You pay utility bills online and eat out or use Ola regularly — Axis Ace. The 2% base rate means even boring spends earn.
• Amazon is your main shopping destination — ICICI Amazon Pay. Free card, instant cashback, no expiry.

Don't try to hold all three. Pick one primary card based on where most of your money actually goes.

---

FAQs

Is the SBI Cashback card worth the Rs999 annual fee? If you spend Rs20,000+ online per month, yes — you'd earn Rs12,000/year in cashback against a Rs999 fee. Below Rs10,000/month online, Axis Ace or ICICI Amazon Pay is a better fit.

Does Axis Ace give 5% on all Google Pay payments or just utility bills? Just utility bill payments — electricity, gas, phone, DTH, water. Regular UPI transfers or shopping payments via Google Pay don't qualify for the 5%.

Can I hold SBI Cashback and Axis Ace at the same time? Yes, they're from different banks. Holding both makes sense if your spends are split between general online purchases and utility/dining. Just don't split attention during the first 6 months.

Does the ICICI Amazon Pay cashback expire? Amazon Pay balance doesn't have an expiry date but can only be used on Amazon India — you can't withdraw it as cash or use it elsewhere.

Which of these cards has no cashback cap? SBI Cashback caps at Rs5,000/month on Rs1,00,000 online spend. Axis Ace has per-category caps. ICICI Amazon Pay has no stated cap on the 5% Amazon category. Always verify the latest terms before applying — banks change these without much notice.