What Are the Benefits of Having a CashBack Credit Card in India?
Are you looking for a way to save money while spending? Consider getting a cashback credit card! With a cashback card, you can earn RPs for your purchases in the form of cashback, which can then be used to reduce your credit card bill or redeemed for other rewards. In this article, we’ll discuss the best cashback card in India and the benefits of having one.
What Do You Mean by Cashback Credit Card?
Cashback credit card is a type of card that offers rewards for purchases made using the card. The rewards are given in the form of cashback, which is a percentage of the transaction value. For example, if you make a purchase worth Rs. 10,000 with a cashback credit card that offers 5% cashback, you will earn Rs. 500 as cashback. The cashback can be used to reduce your credit card bill or redeemed for other rewards.
5 Best Cash Back Card in India
HDFC Bank Millennia Credit Card
HDFC Bank Millennia Credit Card is the best cashback credit card in India. It offers up to 5% cashback on online spends, including shopping, travel, and food delivery. The card also gives 1% cashback on offline spends. Other benefits include fuel surcharge waiver, airport lounge access, and discounts on dining and movie tickets.
Flipkart Axis Bank Credit Card
Flipkart Axis Bank Credit Card is another popular shopping and cashback credit card in India. It offers 5% cashback on Flipkart and 4% cashback on preferred merchants. The card also offers 1.5% cashback on other offline and online purchases. Other benefits include airport lounge access, fuel surcharge waiver, and discounts on dining and movie tickets.
Cashback SBI Credit Card
Cashback SBI Credit Card is a great option for those looking for a no-frills cashback credit card. It offers 5% cashback for every online transactions, 1% cashback on all offline purchases, with no cap on the cashback earned. Other benefits include fuel surcharge waivers and easy bill payments.
Amazon Pay ICICI Bank Credit Card
Amazon Pay ICICI Bank Credit Card is a co-branded credit card offered by Amazon and ICICI Bank. It offers 5% cashback on Amazon purchases for Prime members and 3% cashback for non-Prime members.
The card also offers 2% cashback on spends at Amazon Pay partner merchants and 1% cashback on other purchases. Other benefits include fuel surcharge waiver, airport lounge access, and discounts on dining and movie tickets.
Airtel Axis Bank Credit Card
Airtel Axis Bank Credit Card is a great cashback credit card for Airtel customers. It offers 25% cashback on Airtel mobile, broadband, and DTH bill payments. It also gives 10% cashback on gas, electricity, and water bill payments via the Airtel Thanks app 10% cashback on Swiggy, Zomato, and BigBasket. The card also offers 1% cashback on other purchases. Other benefits include airport lounge access, fuel surcharge waiver, and discounts on dining and movie tickets.
Benefits of Cash Back Cards
There are many benefits of having a cashback credit card, including:
- Rewards for purchases – You can earn rewards for your purchases in the form of cashback, which can help you save money.
- Easy to use – Cashback credit cards are easy to use, and the rewards are automatically credited to your account.
- No expiry date – The cashback earned on a cashback credit card does not expire, so you can accumulate the rewards over time and use them when you want.
- Additional benefits – Cashback credit cards also offer additional benefits like fuel surcharge waiver, airport lounge access, and discounts on dining and movie tickets.
Tip to Maximize Cashback from Cash Back Cards
To maximize the cashback earned from cashback credit cards, follow these tips:
- Use the card for all your purchases – The more you use the card, the more cashback you can earn.
- Pay the bill on time – Late payments can result in additional charges and the loss of cashback.
- Choose the right card – Choose a card that offers cashback on the categories you spend the most on.
Also Read: BUSINESS CREDIT CARDS FOR SMALL BUSINESSES: FINDING THE BEST OPTIONS
Conclusion
To save money while spending, getting a cashback credit card is the best option. With the best cashback card in India, you can earn rewards for your purchases and enjoy additional benefits like fuel surcharge waiver and airport lounge access. Follow our tips to maximize the cashback earned from your cashback credit card and save even more!
