Cashback SBI Card, Axis Bank Ace Credit Card and Flipkart Axis Bank Credit Card are among the top cashback credit cards in India. With these cards, you can earn benefits on all your credit card purchases, with accelerated value back across selected everyday categories like grocery and bill payments, and across popular lifestyle brands like Flipkart, Ola, Zomato, etc.
Since the features are focused on offering benefits on day-to-day expenses, you can easily maximize benefits even when you are not a high spender. However, you must choose the card that can offer you the maximum return on your major spending category. For your help, we have compared these cards on the basis of cashback and other features, to determine the maximum value back offered. Read on to know the detailed comparison to find the right card for you.
A cashback credit card can help you earn the best rewards in the simplest way, by offering a portion of your purchase as direct cashback. In comparison to earning rewards, cashback is less complicated, as there is no hassle of accumulating and redeeming; value back is directly credited into your card account or a linked wallet.
Which card offer the best cashback benefits?
The different cashback features offered on these cards, is listed as follows:
Cashback SBI Credit Card: Suitable for online transactions
- 5% cashback on online spends without any merchant restrictions
- 1% cashback on offline spends
- Cashback capped at Rs. 5,000 per month
Cashback not applicable on Merchant EMI, Flexipay EMI transactions, Utility, Insurance, Fuel, Rent, Wallet, School & Educational Services, Jewelry, and Railways.
Axis Bank Ace Credit Card: Suitable for utility bill payments
- 5% cashback on bill payments via Google Pay
- 4% cashback on Swiggy, Zomato & Ola
- 2% cashback on all other spends: unlimited cashback
- Cashback for 5% and 4% category, capped at Rs. 500 per month cumulatively
Flipkart Axis Bank Credit Card: Suitable for Flipkart loyalists
- 5% cashback on Flipkart
- 4% cashback at preferred merchants- Swiggy, Cleartrip, Cult.fit, PVR, Tata Play, and Uber
- 1.5% cashback on flight and hotel payments at Flipkart & Myntra
- 1.5% cashback on all other spends
- No capping on cashback, unlimited cashback per month
Which card offers the maximum value back?
As we have mentioned above, each card offers maximum value on one category along with decent cashback across all other transactions. You should choose a card that aligns with your spending preferences and yields you the maximum benefits on your major spending category. Here are a few points to keep in mind:
- You can earn the maximum value back on your online spends with Cashback SBI Credit Card, if you do not have any merchant preferences.
- On the other hand, Axis Bank Ace Credit Card will serve you the best, if you prefer earning returns on your utility bill payments. Besides, the card offers the highest base rate of 2% which will be applicable across all transactions (both online and offline) without any capping. This makes it a suitable choice for earning returns on all transactions including utility bill payments, which is mostly excluded by other cards.
- Flipkart Axis Bank Credit Card can offer the maximum value back to Flipkart loyalists , who prefer shopping at Flipkart and other preferred merchants. Besides, it also happens to offer decent travel benefits, in comparison to the other two cards, as you get complimentary lounge access, 1.5% cashback on flight and hotel bookings on Flipkart and 4% cashback on partnered travel brand Cleartrip. Thus, you can maximize savings easily with this card, if you are a Flipkart loyalist, who also loves traveling.
If you don’t have any such preferences as listed above, for choosing the right card, you can check the maximum value these cards can offer across multiple categories and brands. For your help, we have curated an illustration below with a total monthly spend of Rs. 50,000, divided across multiple spends, to derive how much you can save in a month with these cards.
|Transaction||Brand||Amount||Cashback SBI Credit Card||Axis Bank Ace Credit Card||Flipkart Axis Bank Credit Card|
|Food delivery||Swiggy||Rs. 2,000||Rs. 100||Rs. 80||Rs. 80|
|Online Shopping||Flipkart||Rs. 4,000||Rs. 200||Rs. 80||Rs. 200|
|Flight tickets bookings||Flipkart||Rs. 5,000||Rs. 250||Rs. 100||Rs. 75|
|Shopping||Myntra||Rs. 3,000||Rs. 150||Rs. 160||Rs. 45|
|Fitness sessions/membership||Cult.fit||Rs. 1,000||Rs. 50||Rs. 20||Rs. 40|
|Hotel bookings||Cleartrip||Rs. 4,000||Rs. 200||Rs. 80||Rs. 160|
|Movie tickets bookings||PVR||Rs. 1,000||Rs. 50||Rs. 20||Rs. 40|
|Traveling||Ola Cabs||Rs. 2,000||Rs. 100||Rs. 80||Rs. 30|
|Traveling||Uber||Rs. 2,000||Rs. 100||Rs. 40||Rs. 80|
|Grocery shopping||Blinkit||Rs. 4,000||Rs. 200||Rs. 80||Rs. 60|
|Beauty Products||Nykaa||Rs. 1000||Rs. 50||Rs. 20||Rs. 15|
|Miscellaneous shopping||Amazon||Rs. 2,500||Rs. 125||Rs. 50||Rs. 38*|
|Electricity bill payments||Google Play||Rs. 4,000||0||Rs. 200||0|
|Mobile Recharge||Google Play||Rs. 500||0||Rs. 25||0|
|Internet Bill Payment||Google Pay||Rs. 1,000||0||Rs. 50||0|
|Fuel spends||–||Rs. 2,000||0||0||0|
|Offline shopping||Shoppers Stop||Rs. 8,000||Rs. 80||Rs. 160||Rs. 120|
|Miscellaneous offline spends||–||Rs. 3000||Rs. 30||Rs. 60||Rs. 45|
|Total Amount||Rs. 50,000||Rs. 1,685||Rs. 1,255||Rs. 1,028|
*rounded off to the nearest figure.
From the above illustration, we can infer the following:
(i) Both Axis Ace and Flipkart Axis Bank offer accelerated cashback on Swiggy, of 4%. As per the illustrated amount above, both these cards offer equal value back of Rs. 80 on spending Rs. 2,000 in a month.
However, the scenario here might change with the rise in the spending value, due to the monthly capping on earning cashback. You can earn a maximum of Rs. 500 on Swiggy cumulative with the other spends eligible in the 4-5% on Ace credit card. Thus, even if you spend Rs. 30,000 exclusively on Swiggy, you will earn a cashback of Rs 500.
With Flipkart Axis Bank there is no maximum capping, so for instance, if you spend Rs. 30,000 on Swiggy you can earn a higher cashback value of Rs. 1,200.
(ii) Due a high cashback rate of 5%, in comparison to other cards, Cashback SBI surpasses the value back offered, even on the co-branded partners with Axis Ace and Flipkart Axis. For instance, on Swiggy, both these cards offer a return of Rs. 80 on a value of Rs. 2,000, but SBI card offers Rs. 100.
(iii) Flipkart Axis Bank and Cashback SBI Card offer no returns on Utility bill payments, a major category left uncovered even while these cards target ‘everyday spends’. Thus, Axis Ace is a clear winner in this category. However, the benefit here is limited to bill payments on Google Pay. Thus, suitable for those who already use Google Pay, or can consider switching from other sources of payments like Paytm, PhonePe etc.
(iv) After the recent devaluation on the Flipkart Axis Credit Card the card now offers highest cashback only on Flipkart. Earlier, you could also earn 5% on travel bookings via Flipkart which is now reduced to 1.5% Thus, with a high value back of 5% across all online spends, Cashback SBI wins over Flipkart Axis Bank in offering better travel benefits even on the major partner, Flipkart.
(v) If you would also consider using your cashback card for offline spends, you can choose Axis Ace as it offers the highest cashback in this category, with no capping. Thus, it turns out to be a clear winner for those, who prefer shopping offline.
(vi) For popular and untapped brands like Nykaa, Blinkit, etc. and general grocery spends, Cashback SBI can be a great option, as the card offers the highest cashback of 5%, without any merchant and category biases online. For instance, if you frequently shop groceries online, you may consider getting the SBI card, as with it you can earn 5% back on Blinkit, BigBasket, Zepto, etc.
(vii) If you are someone who frequently commutes via Ola Cabs and Uber, you can note that Axis Ace and Flipkart Axis offer 4% cashback on these brands, respectively. Again, Axis Ace has capped the maximum capping to Rs. 500, whereas there is no capping on Flipkart Axis. Thus, Flipkart Axis is a clear winner here. However, Cashback SBI Card offers 5% cashback on these online payments as well, giving the highest value.
(viii) Understand that deriving the maximum value back, is subject to the spending patterns and most importantly, on monthly cashback limitations offered on the card. On that basis, Flipkart Axis Bank has an edge over the other two cards, as it comes with no cash back capping across all categories.
|Cashback SBI Credit Card||Rs. 5,000 per month|
|Axis Bank Ace Credit Card||Rs. 500 for utility bills+Zomato, Swiggy & Ola;
Unlimited across other categories
|Flipkart Axis Bank Credit Card||Unlimited cashback across all categories|
No capping on flipkart axis bank is a clear win, especially for heavy spenders, who would like to put most expenses on their credit card.