Cashback credit cards in 2026 are one of the easiest ways to save money on your everyday spending. These cards are also one of the best ways to start your credit card journey if you are new to credit cards. Instead of earning reward points that need to be redeemed later, cashback cards credit a percentage of your eligible purchases directly to your account or statement. Whether you shop online, pay utility bills, dine out, or buy groceries, the right cashback credit card can help you earn thousands of rupees back every year.
On this page, we’ve compared India’s best cashback credit cards based on cashback rates, annual fees, spending categories, reward caps, and overall value to help you choose the right card for your lifestyle. While many cards advertise high cashback percentages, the real value depends on factors like spending caps, eligible merchants, annual fees, and redemption rules.
Top 3 Cashback Credit Cards in India
SBI Cashback
Best For: Online Shopping
- Cashback – Upto 5%
- Annual Fee – INR 999
HSBC Live+
Best For: Dining & Groceries
- Cashback – Upto 10%
- Annual Fee – INR 999
Flipkart Axis
Best for: Flipkart & Myntra Shopping
- Cashback – Upto 5%
- Annual Fee – INR 500
Top 5 Cashback Credit Cards in 2026
SBI CashBack Credit Card
5% Online Cashback: Earned on any online merchant worldwide, capped at ₹2,000 per statement cycle.
1% Offline Cashback: Earned on physical in-store spending, capped at ₹2,000 per statement cycle.
Auto-Credit: Cashback is automatically credited to your card account within two days of the next statement generation.
Joining Fee: ₹999 + GST, Annual Fee Waiver Milestone: Annual renewal fee of ₹999 is reversed if you spend ₹2 Lakhs or more in the preceding year.
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Flipkart Axis Credit Card
7.5% Cashback on Myntra (capped at ₹4,000 per calendar quarter).
5% Cashback on Flipkart and Cleartrip (capped at ₹4,000 per quarter for each category).
4% Cashback on preferred partner merchants including Swiggy, Uber, PVR, and cult.fit. 1% Cashback on all other eligible retail spends.
Joining Fee: ₹500 + GST, Annual Fee Waiver Milestone: Annual renewal fee of ₹500 is waived-off if you spend ₹3.5 Lakhs or more in the preceding year.
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HSBC Live+ Credit Card
10% Accelerated Cashback: Earned on dining, food delivery, and grocery transactions (capped at ₹1,000 monthly)
1.5% Unlimited Cashback: Applicable on all other eligible general spends with no upper limits.
Airport Lounge Access: Complimentary domestic and select international airport lounge visits per year (subject to recent quarterly/annual caps).
Joining Fee: ₹999 + GST, Annual Fee Waiver Milestone: Annual renewal fee of ₹999 is reversed if you spend ₹2 Lakhs or more in the preceding year.
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HDFC Millennia Credit Card
5% Cashback Partners: Earn 5% back as CashPoints on popular platforms including Amazon, Flipkart, Myntra, Swiggy, Zomato, BookMyShow, Cult.fit, Uber, Sony LIV, and Tata CLiQ (capped at 1,000 CashPoints per month)
1% Base Cashback: Get 1% cashback on other general retail spends, including EMI and wallet loads, excluding fuel and rent.
Redemption: 1 CashPoint equals ₹1 when redeemed against your card statement balance
Joining Fee: ₹1,000 + GST, Fee Waiver: The ₹1,000 annual renewal fee is fully waived if your total spends cross ₹1,00,000 in the previous anniversary year
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HDFC Swiggy Credit Card
10% Cashback on Swiggy: Applicable on food ordering, Instamart, Dineout, and Genie (capped at ₹1,500 per billing cycle)
5% Cashback on Online Spends: Applicable on major e-commerce, entertainment, apparel, and pharmacy apps/websites (capped at ₹1,500 per billing cycle).
1% Cashback on Other Spends: Applicable on general and offline transactions (capped at ₹500 per billing cycle). Excludes fuel, rent, wallet loads, EMI, and government transactions
Joining Fee: ₹500 + GST, Fee Waiver: The ₹500 annual renewal fee is fully waived if your total spends cross ₹2,00,000 in the previous anniversary year
Apply NowFAQs – Best Credit Cards for Cashback in 2026
The best cashback credit card depends on your spending habits. SBI Cashback is popular for online shopping, Amazon Pay ICICI suits frequent Amazon users, while HSBC Live+ offers strong value for dining and groceries
Cashback cards are generally better for users who prefer simple, direct savings. Reward cards are more suitable if you travel often or want to maximize airline miles and hotel points.
Some cashback credit cards are lifetime free, while others charge an annual fee that may be waived if you meet the required spending threshold.
Cashback earned through normal credit card spending is generally treated as a discount or rebate rather than taxable income, but you should consult a tax professional for advice on your specific situation.
Yes. Many users combine different cashback cards to maximize returns across categories such as online shopping, groceries, dining, and utility bill payments.
To check best credit cards for this year you can check out this page