Cash Back Credit Cards

The use of Cash Back credit cards is one of the best ways to save on a shopping experience. Unlike the standard/regular credit cards, these cash back credit cards have extra features and discount options that can help you save a lot of money on your shopping experience. Every bank offers a variety of cash back cards that help you save on different types of purchases. However, these cards are often known by different names.

The cash back card specifically focusses on helping you save while you invest in shopping. You can get cash back rewards at a particular shop using a cash back card depending upon the tie ups of the bank with one or more shops.

Benefits of Cash Back Credit Cards

The cash back credit cards are especially helpful for people who love to shop often. The discounts that people get using these cash back credit cards help them either reduce the billing amount or save the money in form of reward points which they can exchange for money later.

Some of the benefits that you can avail via the cards listed below include,

• Access to reward points that you can convert to currency and use it for shopping or cash withdrawal.
• Cash back offers on rent, electricity, gas, etc. utility payments.
• Avail heavy discounts on the purchase of movie tickets using the cash back credit card.
• Avail discounts on payment of telephone bills and post/prepaid mobile bill payments.
• Avail discounts at a variety of shopping centres in and out of India.
• Some cash back credit card offer discounts on booking travel tickets on travel via bus, flight or train.
• Automatic credit of cashback balance to your main savings account on reaching a certain spending limit.
• Access to convenient repayment plans with less or no late payment fee.
• Avail the benefits of the extended grace period.
• Easy to make EMI payments and keep track of utility expenses via the bills for the credit card received on a monthly basis.
• The bill amount on these cash back credit card is collected via deduction of the balance from your savings account after salary credit automatically. Thereby, you do not need to go to the bank to pay your bills.

These are only a few of the benefits that you get via the cash back credit cards. You can avail more benefits on your credit card depending on the bank that you choose.

Here, we have the list of top 10 cards from various banks that offer cash back advantages to the users. We have also specified the various features/details for the cards to help you make the perfect choice as per your needs.

List of Popular Cash Back Credit Cards from Banks in India ICICI Instant Platinum Card

The ICICI Bank offers the Instant Platinum premium credit card to its clients in India. The application process for an ICICI Instant Platinum Credit Card is fairly simple and straightforward. You can also apply for a new ICICI Instant Platinum Card online to get it delivered at your doorstep in a matter of few days.

Features and Benefits

• Reward Points: You get access to reward points for spending a specific amount with every cash back credit card. For the ICICI Instant Platinum Card, you get 2 reward points for every 100 Rs. that you spend on shopping. Each reward point is equivalent to 1 Re. Therefore, you get 2% cash back on every purchase.
• Movie Tickets: With the ICICI Instant Platinum Card you can avail a discount of up to 100 Rs. every month on booking movie tickets via www.bookmyshow.com.
• Culinary Treats Program: The culinary treats program is the highlight of the ICICI Instant Platinum Card. With this benefit, you can save minimum 15% on dining at any one of the 800 partnered restaurants. You can avail a list of the partnered restaurants from the bank on applying for the ICICI Instant Platinum Card.
• Low-Interest Rate: You can get the card at a very low-interest rate of only 2.49% per month. With so many benefits, you can get back all the interest paid via the card and more, on the savings that you make.

Standard Chartered Platinum Credit Card

The Standard Chartered Bank is one of the biggest banks in the country and it offers over 40 different types of credit/debit cards to its clients. The Standard Chartered Platinum Credit Card is one of the most popular credit cards offered by the bank.

Features and Benefits

• No Joining Fee: You do not need to pay any extra joining fee when you apply for the card. In case you already have an account with the bank for a long period, it is easier for you to get the credit card.
• No Annual Fee: You can apply for a new Standard Chartered Platinum Credit Card online. On doing so, you get the benefits of using the card at nil annual fee.
• Reward Points: The Standard Chartered Platinum Credit Card offers one of the highest returns on using the card for shopping purposes.
• Rewards on Fuel Surcharge: You can avail 5 reward points on spending every 150 Rs. using this card for purchasing fuel for your vehicle.
• Rewards on Dining: You can avail 5 reward points on spending every 150 Rs. at fine dining outlets around the globe.
• Other Rewards: On spending for any other purpose except dining and Fuel Surcharge, you get 1 reward point for spending every 150 Rs.
• Platinum Lifestyle Benefits: The premium lifestyle benefit on the Standard Chartered Platinum Credit Card allows you to avail 5 reward points on every 150 Rs. spent at a partner hotel.

SBI Simply Click Credit Card

State bank of India (SBI) has one of the widest banking networks in the country. It is known for providing exemplary online banking services to its users. The intuitive interface of the SBI online banking portal allows the users to avail the benefits of a simplified banking structure.

Features and Benefits

• Small Annual and Renewal Fee: The SBI Simply Click Credit Card features a small annual fee of 499 Rs. only. You also need to pay a renewal fee of 499 Rs. every year. This fee is quite less compared to a few other cards available in the market.
• Joining Offers: You can avail a 500 Rs. worth gift card for shopping on Amazon when you first apply for the card.
• e-Shopping Rewards: You get access to 10x reward points on spending with any of the partners of SBI using the SBI Simply Click Credit Card. Some of the partners of the bank include Amazon, BookMyShow, Cleartrip, Foodpanda, Lenskart, OLA, Zoomcar, etc.
• Milestone Rewards: On spending over 1 Lakh Rs. using this card, you get an e-voucher worth 2000 Rs. You get one more e-voucher worth 2000 Rs. on spending 2 Lakh Rs. online annually.

Citibank Cash Back Credit Card

Citibank is one of the most popular banks in India known for providing a variety of cards to its customers. It also provides a high rate of interest for opening a fixed deposit account.

Features and Benefits

• Small Annual Fee: A small annual fee allows you to use the Citibank Cash Back Credit Card for an entire year at a very low rate of interest.
• Cash Back on Movie Tickets: You can avail up to 5% cash back on booking movie tickets using the Citibank Cash Back Credit Card.
• Cash Back on Telephone Bill Payments: You get a 5% cash back on paying your telephone bills using the Citibank Cash Back Credit Card.
• Cash Back on Utility Bill Payments: The card also offers you a discount on making payments for bills on utilities.
• Amazon and Flipkart Association: Citibank has a good collaboration with the e-commerce giants Amazon as well as Flipkart in India. You can often get up to 15% cash back on making payments through your Citibank Cash Back Credit Card.The discounts help you in further reducing the total cost of your shopping while shopping during the Amazon’s Great Indian Sale or Flipkart’s Big Billion Day Sale.

American Express Membership Rewards Credit Card

American Express, popularly known as Amex, is a bank that is known for providing extended support across international borders. The American Express bank credit cards often feature a high spending limit as well as less currency exchange costs over international borders. One of the most famous rewards credit card by American Express is the American Express Membership Rewards Credit Card.

Features and Benefits

• High on Reward Points: Amex cards offer the highest reward points for shopping and payment of bills. In comparison to ICICI and Citibank cards, it offers nearly 2-3 times the benefit. You can avail 1 reward point on spending every 50 Rs. on fuel, insurance, utilities, and other cashless transactions with the Amex card.
• Joining Offers: You get access to 1000 reward points on using the card for more than 4 times a month every month.
• Card Renewal Benefits: You also get 5000 points on the renewal of your credit card after the first year.
• Movie Vouchers: You can avail the benefits of movie vouchers worth 2000 Rs. every month using the American Express Membership Rewards Credit Card.
• MakeMyTrip Offers: Amex has a collaboration with www.makemytrip.com to offer you discounts on the flight as well as hotel bookings all over the world.

Citibank Premier Miles Card

The Citibank Premier Miles Card is a perfect credit card for people who love to travel. You can find the benefits of using this card below.

Features and Benefits

• Airline Miles: You earn 10 miles on spending every 100 Rs. via the card for all airline related transactions.
• Hotel Booking Benefits: You can avail the benefit of 10 miles on spending every 100 Rs. for hotel booking via the dedicated portal of the bank, www.premiermiles.co.in. The bank also has collaborations all over the world to help your stay at a hotel cheaper.
• Redemption of Airmiles: You can easily redeem your miles via the dedicated portal of the bank, www.premiermiles.co.in.
• Online Application: You can easily apply for the Citibank Premier Miles Card via a secured online portal and get the card delivered at your doorstep.

One of the big downsides of using the Citibank Premier Miles Card is its high amount of annual card fee. You need to pay 3000 Rs. annual fee every year to use this card.

HDFC Bank Money Back Credit Card

HDFC Bank Credit Cards are some of the few cards that offer the zero-liability feature on lost cards. Therefore, you can easily get a new credit card from the bank on losing the credit card. Once you report your loss via the credit card you no longer have any liability towards transactions made through it.

Features and Benefits

• Money Back Rewards:You get access to 2 reward points on spending every 150 Rs. with the card. Every 100 reward points are equivalent to 20 Rs. You can easily redeem your money back rewards for gifts or air miles.
• Online Spending Rewards: You get 2 times the amount of reward points on spending 150 Rs. for online shopping. This entitles you to 4 rewards points on spending 150 Rs. on online shopping.
• Fuel Surcharge Discounts: You get a 1% discount on spending for Fuel Surcharge via the HDFC Bank Money Back Credit Card. You can get up to 400 Rs. worth of cash back on every cycle.
• Interest-Free Credit: The biggest highlight of the HDFC Bank Money Back Credit Card is its interest-free period for up to 50 days from the date of purchase.

HDFC Solitaire Credit Card

HDFC features over 50 different types of credit cards. All these credit cards are specified according to the spending needs of a person. The HDFC Solitaire Credit Card is one of the premium cards made only for women customers of the bank. The features of this card are mentioned below.

Features and Benefits

• Reward Points: You can accumulate 3 reward points on spending every 150 Rs. with the HDFC Solitaire Credit Card. You also get access to 50% more reward points on spending for dining and grocery needs. You can easily redeem these points for vouchers or gifts from the bank’s catalogue.
• Shopping Vouchers: You can get vouchers worth 1000 Rs. on spending over 75,000 Rs. every 6 months. You can avail 2 such vouchers every year.
• Cash Back Benefits: you can also convert you reward points for cash balance. Every 100 reward points are equivalent to 20 Rs.
• Travel Benefits: You can redeem your reward points against Jet Privilege Air miles for travel with Jet Airways.
• Interest-Free Credit: Like the HDFC Bank Money Back Credit Card, you get access to interest-free credit period of 50 days from the date of purchase.

SBI Signature Credit Card

The SBI Signature Credit Card is one of the most premium cards offered by SBI. The only downside to the use of this card is its high renewal as well as joining fee. You need to pay 4,999 Rupees to use this card every year. However, you can easily get the worth of your money using the benefits and features of the card mentioned below.

Features and Benefits

• Joining Offers: You get access to a 5,000 Rs. voucher on applying for a new SBI Signature Credit Card. You can use this voucher at various partner stores around the world.
• Signature Rewards: You get 2 reward points on spending every 100 Rs. The reward points for spending at a departmental store, groceries, international spends, etc. is 5x the conventional amount of reward points.
• Movie Tickets: You get access to 500 Rs. worth discount on booking 2 movie tickets, every month.
• Lounge Access: You can avail a complimentary access to Elite Priority Pass programs at international airports.
• Use Internationally: You can use this card to get cash instantly in an ATM anywhere in the world.

American Express Payback Credit Card

The Amex Payback Credit Card is the perfect choice for the avid shopper.

Features and Benefits

• Small Joining Fee: The Amex Payback Credit Card carries a small joining fee of 750 Rs. plus taxes for the first year. The fee is raised to 1,500 Rupees from the second year onwards.
• Fee Waiver: Your annual fee gets waived off by the bank in case you spend over 1,50,000 Rs. annually using the Amex Payback Credit Card.
• Reward Points: You get access to 3 payback points on spending every 100 Rs. using the credit card. You can easily redeem these reward points to avail vouchers via the bank’s catalogue or use them at partnered locations. You also get access to additional payback points on using the card at the bank partnered locations.
• Early Spending Bid: You can get access to 900 payback points on spending over 15,000 Rs. within the first 60 days of getting a new Amex Payback Credit Card.
• Payback Programs: You can avail the benefits of the rewards points for various dining, travel as well as shopping experiences.