Banks these days know it well how to keep their customers on track through various rewards and cashback in the form of reward points. You can simply redeem the reward points as per your convenience in the selected places. It is essentially an accurate portion of the total purchase that makes it attributed as cashback. Nonetheless, diverse financial institutions offer varying rewards and plans for several types of credit card users. Determining the right credit card for you can be a critical task and is based on various determinants like the cashback feature being one of the crucial components to be thought of analytically when you decide on the right credit card for you.
10 Best Cashback Credit Card in India 2020
This article would surely help you to find out the Best Cashback Credit Cards in India, that will guide and assist you in making the right decision. The highest and the most reliable cashback proposals offered on the credit cards are mentioned below:
1.American Express Payback Credit Card
Are you looking for a reward paying credit card which has its association with various departmental stores providing plenty of discounts across the nation? If the answer is yes, the American Express Payback Credit card suits your needs perfectly. Be it dining, online purchasing, fuel concessions, or exciting welcome rewards.
2.Citibank Cashback credit card
Are you the one who would avoid paying your bill standing all that while in a line and save time by doing so online?? Or in any case, you are a movieholic and can’t miss on them? Then the Citibank cashback credit card is a suitable choice since it offers cashback on settling bills and paying for other services online. It can be beneficial for you if you spend up to Rs. 2000 on online transactions. Nevertheless, people need to be careful while applying for the Citibank Cashback credit card as the bank demands a real-time history as the statistics reveal that almost 80% of applications get rejected due to low credit scores. This card is actually worth the effort as It gives various reward and allowances. Also, the credit card does not require you to pay any joining fees. You also get an annual fee waiver if your annual spending exceeds Rs.30000. Fees and charges:
3.HDFC MoneyBack Credit Card
Generally, Every HDFC account holder has an option to get the Moneyback credit card as it is the most basic credit card offered by HDFC bank. The most highlighted characteristic of a MoneyBack card is that reward points are redeemable for cash. For instance, 1000 redeemable points are equal to a credit of Rs. 200. Its other advantages include significant savings like 0.53% on your online transactions and 0.27% on any sorts of other transactions. The Annual Fee of the card is as minimum as Rs. 500. Also, you could get next year’s annual fee waiver by spending Rs 50,000 in that particular year. Reasonable Annual Saving
On the expenditure of Rs. 1 Lakhs you can save Rs 4260.
Thus this card is basically designed keeping shoppers need in mind. A lot of shopaholics get attracted to this credit card because of low maintenance and high rewards. Fees & Charges:
4.ICICI Instant Platinum Card
The first time users of ICICI Bank get the offer to avail the Instant Platinum Card. This does not consider how your credit score and history has been, and hence, as a new user, you make your history as you start using the credit card. The fixed deposit initiated with the bank could be used as a guarantee to get this credit card. Thus it is a prerequisite to have a savings account with the bank. For somebody with no payroll such as students and homemakers, ICICI Instant Platinum Card stands out as the greatest cashback credit card. Recommended: How To Improve Your CIBIL Score Instantly? Fees and Charges:
5.SBI Simply Click Credit Card
6.Citibank PremierMiles Card
Citibank premier miles credit card is no less than a blessing for its clients who travel on a frequent note. From booking your travel tickets to shopping online, you can easily get a wide range of discounts and offers through this credit card. You also get the privilege to access airport lounges on both domestic and international airports, if you happen to spend 2 lakhs every year on your travel. However, customers should have a good credit score because the bank rejects a huge number of applications each year. Fees and Charges:
7.HDFC Solitaire Credit Card
With HDFC, you can use a credit card that perfectly fits the need of a shopper. To enjoy special deals on dining, departmental stores, and online shopping. You can easily avail the amazing offers, and all you need to pay is a nominal joining fee. Fees and Charges:
8.Standard Chartered Platinum Credit Card
In case you are looking for a credit card that fulfills your multi-purpose credit needs the Standard Chartered Platinum credit card may be the best choice for you. It makes the right decision for salaried individuals as they look forward to earning cashbacks on grocery purchases. By making a purchase of minimum Rs.1000 in the first month, you can save Rs.500 limited to Rs.150 per transaction. Also shopping from stores like Reliance Fresh, Big Bazaar, More, Food Bazaar you get 5% cashback. Fees and Charges:
9.American Express Membership Rewards Credit Card
Unlike other cards, the American Express offers Membership Rewards Credit Card is a type of credit card that can be used for a varied range of things to earn the benefit. You can make different kinds of payments using your credit card. It happens to be the best option for people who don’t give much time and thought before spending as there is no credit limit making it a compliant choice. For all transactions of Rs. 50 you get 1 reward point except for any purchases in utilities, fuel, insurance, and cash transactions. Note that the annual charges for the credit card are more than other credit cards. Recommended: 11 Best Forex Cards in India 2020 Fees and Charges:
10.Standard Chartered Super Value Titanium Credit Card
Every credit card user seems to love rewards and cashbacks, therefore for them the Standard Chartered Super Value Titanium Credit Card seems to be an excellent option that can help them earn cashback on fuel, on their telecom payments as well as on their utility bills. Apart from these specific needs, there isn’t much a credit cardholder asks for. Fees and Charges: The above-mentioned credit cards qualify for the best cashback credit card in India as they are full of cashback offers that can help you save a lot of your hard-earned money. The most important fact that you need to pay attention to while choosing the right credit card for yourself is that you need to consider all the other factors that are important to look at before owning the credit card and not just the cashback.
Your usage Your income Your expenditure Your needs Your lifestyle Fee charged Interest rate Other benefits
