Top 6 Credit Cards That Offer Amazing Cashback

Given below is a detailed description of each of the above cards along with their features and benefits and the cashback rate that you can enjoy on these cards.

HDFC MoneyBack Credit Card

Annual Fee- Rs. 500
Cashback Rate- Rs. 20 for 100 Reward Points

This credit card by HDFC offers great perks for the shopaholics in the form of high reward points which can be redeemed as cashback against the outstanding amount. Here are a few features that make it a great addition to your wallet.

Cashback- You can pay your outstanding amount with Reward Points on HDFC MoneyBack Card. 100 reward points can be converted into Rs. 20 of cash credit.

Rewards and Redemption- You can earn 2 reward points on every Rs.150 spent on your card and the online spends are eligible for 100% more rewards. You must note that EasyEMI, e-wallet loading transactions, fees and charges and cash advances do not qualify for rewards. If a transaction is converted into SmartEMI, rewards will be reversed. Cardholders can redeem their reward points for exciting gifts, air miles and more. Reward points are only valid for 2 years from the date of accumulation and minimum 2,500 points are required for redemption.

Other Perks- There is zero liability on fraudulent transactions made on your HDFC MoneyBack credit card in case it is lost and you immediately report the loss. Also get 1% Fuel Surcharge waived off on fuel transactions and enjoy revolving credit on your credit card at nominal interest rate.

Citi® Cash Back Credit Card

Annual Fee- Rs. 500
Cashback Rate- Up to 5%

If you love direct cashback more than redeeming reward points towards travel and dining, this credit card is perfect for you. Citibank Cash Back Credit Card lets you earn while you spend with its huge cashback benefits throughout the year.

Cashback- You can enjoy 5% cashback on paying phone bills and booking movie tickets through your credit card. If you use Citibank Online Bill Pay facility to pay your utility bills, you can get another 5% cashback. All other spends qualify for 0.5% cashback. Cash credit in the above three categories is capped at Rs. 100 per month for each category.

Redemption- The cashback is accrued whenever you use your credit card and it is reflected directly in your monthly statement as cash credit. Note that cashback is only offered in multiples of Rs. 500. You can also calculate the amount you save through cashback using Citibank Savings Calculator.

Other Perks- Citibank Cash Back Credit Card is a contactless card which means that you can make payments simply by tapping the card on the POS terminals that accept contactless cards. Other dining, travel and easy EMI benefits available on Citibank credit cards will also be applicable on the Cash Back card.

Standard Chartered Manhattan Platinum Credit Card

Annual Fee- Rs. 999
Cashback Rate- Up to 10%

This card provides you with huge cashback on hard-to-avoid purchases like groceries from departmental stores and supermarket spends, giving you all the more reasons to use it. Some attractive benefits offered by this card include-

Cashback- Enjoy 5% cashback on credit card spends in departmental stores and supermarkets like Food Bazaar, Big Bazaar, Reliance Fresh and more. The card also offers 10% cashback on Ola rides. Earn up to Rs. 500 as cashback every month and Rs. 150 per transaction. To be eligible for cashback, you must spend Rs. 1,000 or more per transaction.

Rewards and Redemption- Earn attractive reward points with you Manhattan Platinum Card. Enjoy 3-times more reward benefits when you pay for airline ticket reservation, dining, hotels and fuel. You can choose from a range of exciting redemption options for your reward points. Minimum 500 reward points are needed to avail redemption.

Other Perks- You can avail 12% discount on Hotels.com and 20% discount at Millennium Hotels. You can also avail 25% discount on movie tickets and 10% discount on food and beverages on Fridays, Saturdays, and Sundays at BookMyShow and INOX Cinemas.

IndusInd Bank Pinnacle Credit Card

Annual Fee- Nil
Cashback Rate- Re. 1 for 1 Reward Point

Tailor-made for those with refined tastes, IndusInd Pinnacle comes with exclusive travel and lifestyle privileges. The card lets you earn higher reward points which can be redeemed as Cash Credits to pay off the outstanding amount on your card. Some important benefits of this credit card include-

Welcome Bonus- You can choose from a range of handpicked welcome gifts from-

• Jet Airways- Avail 100% discount on base fair and airline fuel charge for a one way journey.
• Oberoi Hotels- Make your hotel stay memorable and cheaper through IndusInd using your credit card welcome bonus
• Genesis Luxury Vouchers- Enjoy a luxury retail access to 14 international brands through these luxury vouchers

Cashback- This credit card allows you to convert your reward points into cash credit to pay off the outstanding amount at an exciting rate of Re. 1 for 1 reward point. However, one should note that a maximum of 25,000 reward points can be redeemed in one statement cycle for Cash Credit option.

Rewards and Redemption- Cardholders can earn 1 Reward Point for every Rs. 100 spent on a POS terminal and 2.5 Reward Points for every Rs. 100 online spends. Online travel and airline transactions are excluded from e-commerce category for the purpose of earning rewards. You can choose from a range of other redemption options including Oberoi Hotels & Resorts Stay vouchers, Genesis Luxury Vouchers, Airline Miles and Indus Moments.

Other Perks- Customers can avail exclusive Pinnacle Concierge facility for flight booking, entertainment and sports boking, hotel reservation and more. Also, get access to 600+ lounges across the globe with a complimentary Priority Pass. Get access to VIP events like Art fairs, Biennales and important museum shows across the globe. Other benefits are also offered such as Buy one Get one on movie ticket booking on BookMyShow, complimentary golf games and lessons and an exciting array of lifestyle rewards.

SBI Card ELITE

Annual Fee- Rs. 4,999
Cashback Rate- Re. 1 for 4 Reward Points

If you love a branded lifestyle, you will love SBI Elite Credit Card. The card offers exclusive benefits under SBI’s ‘Shop and Smile’ rewards program that is tailor-made to match the lifestyle preferences of its cardholders.

Welcome Bonus- With SBI Elite Card, you get a welcome e-gift voucher worth Rs. 5,000. Choose from an array of lifestyle and travel brands including Marks and Spencer, Pantaloons, Shoppers Stop and Yatra.

Cashback- SBI Elite Credit Card allows you to pay the outstanding amount on your statement with reward points, 4 Reward Points equal to Rs.1 in cash. You can also redeem the points for merchandise and shopping vouchers.

Rewards and Redemption- You can earn 2 Reward Points for every Rs.100 spent on your credit card. Earn 5 times more on departmental store, dining and international spends. Redeem your Reward Points on gift vouchers, electrical appliances, accessories, lifestyle products and much more. You can also earn 10,000 bonus reward points on spending Rs. 3 Lakh & Rs. 4 Lakh in one year; 15,000 bonus points on achieving annual spends of Rs. 5 Lakh and Rs. 8 Lakh respectively.

Other Perks- This credit card provides you complimentary Silver Membership to Club Vistara. You are eligible for Priority Pass Program that provides access to over 1000 airport lounges worldwide. Cardholders will also get exclusive concierge service for gift delivery, customized holiday packages, travel, movies & hotel reservations.

American Express Membership Rewards Credit Card

Annual Fee- Rs. 1,500
Cashback Rate- Rs. 7,500 for 18,000 Points; Rs. 10,000 for 24,000 Points

American Express also offers cashback on some of its cards. The Membership Rewards credit card is one such product. It lets you earn reward points on all purchases and redeem them from the 18 Karat and 24 Karat Gold Collection.

Rewards and Redemption- Amex Membership Rewards Credit Card offers 1 MR Point for every Rs. 50 spent across all categories except fuel, utility bill payment, insurance and cash withdrawal. These rewards can be exchanged for cash credit under the 18K and 24K Gold Collection Program of rewards redemption.  The cashback rate is given below:

• 18K- For 18,000 MR Points, you can get a statement credit worth Rs. 7,500
• 24K- For 24,000 MR Points, you will get statement credit worth Rs. 10,000

Welcome Bonus- Amex offers 4,000 bonus MR points as the welcome gift. A good start with some rewards in your account will help you reach the cashback milestone faster. Spending Rs. 1,000 each 4 times in a month will give you 1,000 bonus MR points. 5,000 bonus points will be offered on card renewal.

Other Perks- The card also offers convenience fee waiver at HPCL fuel stations. You can also enjoy up to 25% discount when you dine at the partner restaurants.

Top 6 Cashback Credit Cards in India- Summary

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