Top 5 credit cards with maximum cashbacks; check charges, benefits and rewards
From SBI to Amazon payment card, here are the top 5 cashback credit cards that reward you with significant cashback benefits, along with their joining and annual charges:
Credit cards allow cardholders to borrow funds up to a predefined credit limit to pay for goods and services. They can be used to make payments at POS terminals and for online transactions. The credit limit is determined by the issuer based on the applicant’s income, credit score, existing debt, and several other internal policies of the issuer.
Your credit card details include the credit card number, expiry date, name of the cardholder, and CVV, which are crucial for registering your card for online payments. For every transaction, credit cards reward users in various forms such as reward points, cashback, air miles, discounts, etc. As long as you clear your total dues on time and avoid cash withdrawals, no interest charges are applicable on credit card balances.
Here are the top 5 cashback credit cards that reward you with significant cashback benefits, along with their joining and annual charges:
Cashback SBI Card
Joining Fee: Rs. 999 (one-time)
Renewal charge: Rs. 999 per annum from the second year onwards
Key Benefits:
5% cashback on online spends
1% cashback on offline transactions
Annual fee reversal on spending Rs. 2 lakh in a year
1% fuel surcharge waiver across all petrol pumps in India
Axis Bank ACE Credit Card
Joining charge: Rs. 400
Renewal Fee: Rs. 499 per annum from the second year onwards (waived off on annual spends greater than Rs. 2 lakh)
Key Benefits:
5% cashback on bill payment and recharge via Google Pay
4% cashback on Swiggy, Zomato, and Ola
1.5% cashback on all other spends
4 domestic lounge visits per year on spending a minimum of Rs. 50,000 during the previous 3 months
1% fuel surcharge waiver at all fuel stations
Amazon Pay ICICI Credit Card
Joining charge: None
Annual Fee: None
Key Benefits:
5% cashback on Amazon for Prime customers
3% cashback on Amazon for non-Prime customers
2% cashback on 100+ partner merchants
1% cashback on all other transactions
1% waiver on fuel surcharge across all petrol pumps in India
HDFC Millennia Credit Card
Joining/Renewal Membership charge: Rs. 1,000 + Applicable Taxes
Key Benefits:
5% cashback on Amazon, Cult.fit, BookMyShow, Sony LIV, Flipkart, Myntra, Swiggy, Tata CLiQ, Zomato, and Uber
1% cashback on offline spends and wallet reloads
Cashback earned in the form of Cash Points
Rs. 1,000 worth gift voucher or 1 domestic lounge access on spending Rs. 1 lakh and above in each calendar quarter
Airtel Axis Bank Credit Card
Joining Fee: Rs. 500
Renewal charge: Rs. 500 per annum from the second year onwards
Key Benefits:
25% cashback on bill payments of Airtel Mobile, Broadband, WiFi, and DTH via Airtel Thanks app
10% cashback on Zomato, Swiggy, BigBasket, and utility bills paid for electricity, gas, etc., via Airtel Thanks app
1% unlimited cashback on other spends
Amazon e-voucher worth Rs. 500 as a welcome or activation benefit
4 complimentary domestic lounge visits per year on spending Rs. 50,000 during the previous 3 months