Cashback credit cards are a relevant choice to earn & redeem reward points, with great flexibility. You can easily pre-analyze your needs & categories & then apply for a card which targets that specific spending of yours. You may wish to choose a card which provides mounting cashback on a specific category like shopping, groceries, medical entertainment & leisure jobs, or you may choose the one which gives a good rate across all purchases in general. We are presenting to you a few cashback cards which can be your potential option in the upcoming times.
Best Overall Cashback Cards
We will highlight 2 cashback cards; one by Standard Chartered and the other Indusind Bank which are excellent cards to receive sizeable cashback on different spending categories. Obviously, a suitable choice can be made based on your personal need & financial capability.
1. The Standard Chartered Ultimate Card is a top-notch cashback card in India for receiving great cashback across all spending categories. Consumers also get a whopping welcome gift up to Rs. 10,000 cashback on MakeMyTrip bookings within the first 90 days of card ownership. When you generally make transactions, you’ll receive a good 3.33% rupee value back. However, this Standard Chartered Ultimate Card comes with a comparatively high annual fee of Rs. 5,000. So, this can become difficult for meagre salaried individuals.
2. Indusind Bank Iconia American Express Credit Card is one of the most low-fee cashback cards in the market, earning 1.5% cashback on all the spending in the weekdays & 2% on weekends with a joining fee of Rs. 3,500 and no annual fees charged in the later years. This is definitely lower compared to Rs. 5,000 fee charged by the SC Ultimate Card. The card bestows upon a different range of perks like 2 quarterly visits to American Express airport lounges within India, travel insurance, 20% off Lemon Tree hotel properties, etc. The IndusInd Iconia card is a flexible cashback card with an extremely low fee.
3. The Standard Chartered Platinum Card is a suitable option for individuals who frequently do travel bookings. For e.g. there’s a 10% discount on bookings made through Yatra website, whether on domestic or international flights or hotel bookings. The card also comes with the benefit which allows cardholders to avoid fees when cancelling flights. Along with a good cashback rate, the card offered a rate of rewards of 0.95% (4 points per Rs. 100, 1 reward point each= 0.53 InterMiles) on all travel bookings made on the Yatra platform.
4. BOB Financial Select Credit Card The BOB Financial Select Card is one of the most valuable cashback cards in the market and the annual fee also gets waived off you as you spend Rs. 70,000 in that year. The card provides you with a monthly bonus of Rs.250 on making 5 transactions of at least Rs. 1,000 within the month (1,000 points; 4 points = Rs. 1). On routine spending, the card gives you a good 1.25% rupee value back (5 points per Rs. 100 spent) on online shopping, dining and utilities. Typically, it’s a value-added card which can be opted as long as you spend hugely on a monthly basis.
5. IndusInd Bank Pioneer Legacy Credit Card charges an annual fee which can be worthwhile if you are rewarded based on the payments done. IndusInd’s Pioneer Legacy is the considered topnotch if you definitely want to avoid fees. The credit card provides about 1% rupee value back on weekday spend of 1 point per Rs. 100; 1 point = Rs. 1 and 2% on weekends. If you want a truly no-fee cashback credit card, choose IndusInd.
