Top 6 Best Cash-Back Credit Cards

Cashback is one of the most popular trends these days, especially among online portfolios. But did you know that credit cards offer this benefit from the beginning? While only a few credit cards in India offer a direct refund, a number of them offer the possibility of easily converting loyalty points into a cash credit. The discount rate offered also varies by credit card. Some offer cash back on all purchases, while others offer additional benefits on some expenses, such as supermarkets or department stores. Anyway, cash back credit cards and cards that allow you to convert loyalty points to monetary credit are always better than rewarded credit cards – after all, who do not like a credit card. credit on their monthly statement.

Cash-Back Credit Cards
Cash-Back Credit Cards


Here is a list of the 6 major cash back credit cards in India –


Credit Card Annual Fee Cashback Rate
SBI Card ELITE ₹ 4,999 4 Reward Points equal to ₹ 1 in cash
Citi® Cash Back Credit Card ₹ 500 0.5-5% direct cashback
American Express® Gold Card ₹ 4,500 ₹ 7,500-10,000 cash credit against reward points
HDFC MoneyBack Credit Card ₹ 500 100 reward points =  ₹ 20 of cash credit
IndusInd Pinnacle Credit Card Up to ₹ 1 Lakh 1 Reward Point = ₹ 1 of cash credit
SCB Manhattan Platinum Credit Card ₹ 999 Up to 5% direct cash back


Below you will find a detailed description of each of the cash back credit cards above, as well as their features and benefits, as well as the refund rate you can get on these cards.


1- SBI ELITE card

If you like a great lifestyle, you’ll love the SBI Elite credit card. The card offers exclusive benefits through SBI’s “Shop and Smile” rewards program, tailored to meet lifestyle preferences.

Welcome Bonus –

With the Elite SBI Card, you receive a welcome gift voucher valued at ₹ 5,000. Choose from a range of lifestyle and travel brands including Marks and Spencer, Pantaloons, Shoppers Stop and Yatra.


Cashback Rate –

The SBI Elite Credit Card allows you to pay the remaining amount on your statement with reward points, or 4 reward points equivalent to Rs. 1 in cash.


Rewards and Exchange –

You can earn 2 reward points for every Rs 100 spent on your credit card. Earn 5 times more money in stores, restaurants and international expenses. Redeem reward points on gift certificates, appliances, accessories, lifestyle products and more. You can also earn 10,000 reward points by spending ₹ 3 Lakhs and ₹ 4 Lakhs in a year; 15,000 bonus points for attaining the annual expenses of 5 Lakhs and 8 Lakhs, respectively.


Other benefits –

This cash back credit cards  provides you with a free Silver membership at Club Vistara. You are eligible for the Priority Pass program which gives access to more than 1000 airport lounges around the world. Cardholders will also benefit from exclusive concierge services for gift delivery, personalized vacation packages, travel, movies and hotel bookings.



2- Citi® Cash Back Credit Card

If you love more direct reimbursement than redeeming reward points for travel and meals, this credit card is perfect for you. The Citibank Cash Back Credit Card allows you to earn money while spending all year long.


Cashback Rate –

You can receive a 5% Cash Back on paying phone bills and booking movie tickets via your credit card. If you use the Citibank Online Bill Pay feature to pay your utility bills, you can get another 5% refund. All other expenses are eligible for a refund of 0.5%. The cash credit in the three categories above is capped at 100 100 per month for each category.


Redemption is recorded each time you use your credit card and is reflected directly in your monthly statement as a cash credit. Note that cash back is only available in multiples of ₹ 500. You can also calculate the amount you save through Cash Back with the Citibank Savings Calculator.

Other benefits –

The Citibank Cash Back credit card is a contact less card, which means that you can make payments by simply tapping the card on payment terminals that accept contact less cards. Other meal, travel and EMI easy benefits available on Citibank credit cards will also apply to the Cash Back Card.

3- American Express® Gold Card

It rains rewards on American Express Gold Card, so it’s best for those who like to splurge. As it is a credit card and not a credit card, it offers greater flexibility in spending with no “pre-defined limit”; The spending limit depends on your financial habits and your credit history. The card also charges an annual fee of ₹1,000 (plus tax) from the first year and Rs 4,500 (two years) the second year. The features that make it an excellent refund card are-

1. Welcome Bonus –

The Amex Gold cash back credit cards offers 4,000 loyalty bonus points using the card 3 times in the first 60 days. You can earn 1,000 reward points by making 6 deals worth £ 1,000 or more. Cardholders can also earn 5,000 loyalty points when renewing the card for the first year upon payment of their annual membership fee.

2. Rewards and Exchange –

You can earn 1 reward point for every Rs. 100 spent on your card, with the exception of fuel, insurance, utilities and cash advances. These loyalty points can be redeemed in the 24k and 18k gold redemption categories.

24k- Once you have

24,000 bonus points, you can redeem it in the 24k category. Offers include a £ 13,000 Good Earth Gift Card, a MakeMyTrip Holiday Gift Certificate, an FitBit Alta Fitness Tracker and a £ 14,000 Amazon Gift Card.

A reward point balance of 18,000 to 18,000 points qualifies you for the Rs 18,000 exchange category that includes a Welcom Heritage luxury stay, a Tanishq voucher, and a Bose Soundlink Color Bluetooth speaker.

3. Cashback Rate-

– Reward points can also be redeemed as credit. Redemption Class 24k allows a cash credit worth ₹ 10,000. In the under 18 km category, you can redeem your points for a credit of ¥ 7,500.

4. Other Benefits –

Some other privileges are also offered by Amex Gold cash back credit cards , such as discounts on MakeMyTrip,  a 20% discount each time you dine at selected restaurants, a Zero Lost Card and two additional Free Gold Cards. additional.


4- Credit Card HDFC MoneyBack

This HDFC credit card offers great benefits for shopaholics, in the form of loyalty points that can be redeemed for unpaid amounts. Here are some features that make it a great addition to your portfolio.

Cashback Rate-

You can pay the remaining amount with reward points on the HDFC MoneyBack card. 100 reward points equivalent to 20 ₹ in cash credit.

Rewards and Redemption-

You can earn 2 reward points on every Rs 150 spent on your card. Online expenses are eligible for 100% additional rewards. It should be noted that EasyEMI, electronic wallet charging transactions, fees and charges and cash advances are not eligible for rewards. If a transaction is converted to SmartEMI, the rewards will be canceled. Cardholders can redeem their reward points for gifts, airline miles, and more. Reward points are only valid for 2 years from the date of accumulation and a minimum of 2,500 points is required to be redeemed.
Other benefits – There is no liability for fraudulent transactions made on your HDFC MoneyBack credit card in case of loss and if you report the loss immediately. Also get a 1% fuel deductible and get a revolving credit on your credit card at the nominal interest rate.

5- Pinnacle IndusInd credit card

Custom designed for refined tastes, IndusInd Pinnacle offers exclusive travel and lifestyle privileges. The card allows you to earn higher reward points, which you can redeem as cash credits to pay the remaining amount on your card. Some important advantages of this credit card include-

Welcome Bonus –

You can choose from a range of handpicked welcome gifts

Jet Airways: Get 100% off base and fuel costs for airlines one way.

Oberoi Hotels –

Make your stay at the hotel memorable and less expensive with IndusInd using the welcome bonus of your credit card

Genesis Luxury Vouchers –

Enjoy luxury access to 14 international brands with these luxury vouchers
Refund Rate – This credit card allows you to convert your loyalty points into credit to repay the remaining amount at an attractive rate of 1 ₹ for a loyalty point. However, it should be noted that a maximum of 25,000 reward points can be redeemed in one statement cycle for the Cash Credit option.

Rewards and Exchange –

Cardholders can earn 1 reward point for every Rs 100 spent at a point-of-sale terminal and 2.5 reward points for every Rs 100 spent online. Online travel and airline transactions are excluded from the e-commerce category for the purpose of earning rewards. You can choose from a range of other exchange options, including the Oberoi Hotels & Resorts holiday vouchers, Genesis vouchers, airline miles and Indus times.

Other benefits:

Customers can benefit from Pinnacle’s exclusive concierge service for flight bookings, entertainment and sports, hotel reservations and more. In addition, access more than 600 lounges around the world with a free Priority Pass. Access VIP events such as art fairs, biennials and major museum exhibitions around the world. Other benefits include: Buy one, buy a movie ticket on BookMyShow, play free golf, participate in classes and play a wide range of lifestyle rewards.



6- Manhattan Standard Platinum Certified Credit Card

This cash back credit cards  allows you to collect a lot of money on purchases that are difficult to avoid, such as shopping in department stores and supermarkets, giving you every reason to use it. Some interesting benefits offered by this card include-


Enjoy 5% refund on credit card spending in department stores and supermarkets such as Food Bazaar, Big Bazaar, Reliance Fresh, etc. Earn up to ₹ 500 in cash every month and ₹ 150 per transaction. To be eligible for the refund, you must spend Rs. 1,000 or more per transaction.

Rewards and Redemption –

Earn attractive reward points with your Manhattan Platinum cash back credit  Card. Get 3 times more benefits when you pay for airline tickets, restaurant meals, hotels and fuel. You can choose from a range of interesting exchange options for your loyalty points. A minimum of 500 reward points is required to qualify for the redemption.