The festive season in India is a time when everyone indulges in shopping, whether it’s for Dussehra, Diwali, or the ongoing sales. But did you know that by choosing the right credit card, you can enhance your shopping experience with great cashback offers, reward points, and special discounts? Whether you shop online or offline, many credit cards offer exciting benefits that can make your festive season even more rewarding.
In this guide, we’ll take a look at some of the best cashback credit cards that you can use during this festive season and get the most value for your money.
Why Should You Use Cashback Credit Cards?
Cashback credit cards give you back a percentage of the amount you spend, either as direct cash credit or as redeemable points. These cards are particularly useful during festive seasons when shopping surges. By selecting the right card, you can earn cashback on online shopping, utility bills, groceries, and more.
Each card offers different cashback percentages on various categories, so it’s essential to understand where your spending is concentrated and pick a card that aligns with those categories.
Best Cashback Credit Cards for Festive Shopping in 2024
Here’s a list of top cashback credit cards in India that can help you get the most out of your festive shopping this year.
1. YES Bank Paisabazaar PaisaSave Credit Card
- Annual Fee: Rs 499 (waived if spending exceeds Rs 1.2 lakh annually)
- Membership Fee: Nil
- Cashback:
- 3% cashback on online shopping across platforms like Amazon, Flipkart, Myntra, and more.
- 1.5% cashback on offline purchases after hitting the Rs 5,000 monthly online cashback limit.
One of the standout features of this card is its 3% cashback on popular online platforms such as Amazon, Nykaa, Swiggy, and Ajio, among others. Users can easily redeem this cashback through the YES Rewardz platform, and there’s no fee for redemption.
In addition, the card offers a 1% fuel surcharge waiver at petrol stations across India, making it a great all-rounder for daily and festive spending.
2. Axis Bank ACE Credit Card
- Annual Fee: Rs 499
- Cashback:
- 5% cashback on bill payments and recharges via Google Pay.
- 4% cashback on food delivery, cab rides, and more.
- 1.5% cashback on other purchases.
The Axis Bank ACE Credit Card is ideal for those who want to save on their day-to-day spending as well as festive shopping. With 5% cashback on utility bills and mobile recharges via Google Pay, it provides consistent savings. The card also offers 4% cashback on popular platforms like Zomato, Swiggy, and Ola, making it a top pick for online shoppers.
Additionally, you can enjoy complimentary domestic lounge access if you spend Rs 50,000 in the last quarter, making your travel during the festive season even more comfortable.
3. Flipkart Axis Bank Credit Card
- Annual Fee: Rs 500
- Cashback:
- 5% cashback on Flipkart and Cleartrip.
- 4% cashback on Cult.fit, PVR, Swiggy, and Uber.
- 1% cashback on all other expenses.
If you’re someone who frequently shops on Flipkart or books flights on Cleartrip, the Flipkart Axis Bank Credit Card is perfect for you. It offers a high 5% cashback on purchases made on Flipkart and travel bookings via Cleartrip. The card also provides a 4% cashback on other platforms like Swiggy, Uber, and PVR, making it a versatile card for both shopping and entertainment.
Moreover, under the welcome offer, new users get a Rs 500 Flipkart voucher, and upon spending Rs 50,000 in a quarter, you get four complimentary visits to domestic airport lounges every year.
4. Myntra Kotak Credit Card
- Annual Fee: Rs 500
- Cashback:
- 7.5% cashback on Myntra.
- 5% cashback on Swiggy, Cleartrip, PVR, and Urban Company.
- 1.25% cashback on all other expenses.
For fashion enthusiasts, the Myntra Kotak Credit Card is a fantastic choice, especially during the festive season. You get up to 7.5% cashback on purchases made on Myntra, and additional discounts across other popular platforms such as Swiggy, Cleartrip, and PVR.
What’s more, the card comes with perks like Myntra Insider membership, Rs 500 Myntra voucher upon the first transaction of Rs 500 or more, and free PVR movie tickets every quarter if you meet the spending threshold.
5. Cashback SBI Card
- Annual Fee: Rs 999
- Cashback:
- 5% cashback on online shopping.
- 1% cashback on offline purchases.
- 1% fuel surcharge waiver across petrol pumps.
If you’re looking for a straightforward card that offers cashback on every purchase, the Cashback SBI Card is a solid option. It provides 5% cashback on all online purchases and 1% cashback on offline transactions. In addition, it waives the 1% fuel surcharge when you purchase petrol using the card, helping you save on everyday expenses.
6. HDFC Bank Millennia Credit Card
- Annual Fee: Rs 1,000
- Cashback:
- 5% cashback on Amazon, Flipkart, Zomato, Myntra, and more.
- 1% cashback on other platforms.
The HDFC Millennia Credit Card offers one of the highest cashback percentages for online shoppers. Whether you’re buying festive gifts on Amazon or ordering food from Zomato, you’ll earn 5% cashback on select platforms. The card also comes with perks like a Rs 1,000 voucher or domestic airport lounge access upon spending Rs 1 lakh in a quarter.
7. Amazon Pay ICICI Credit Card
- Annual Fee: Nil
- Cashback:
- 5% cashback for Amazon Prime members.
- 3% cashback for non-Prime members.
- 2% cashback at Amazon Pay partner merchants.
- 1% cashback on all other expenses.
For those who shop regularly on Amazon, the Amazon Pay ICICI Credit Card is one of the best options. It offers 5% cashback for Prime members and 3% for non-Prime members, making it extremely rewarding for frequent Amazon shoppers. Moreover, there’s no annual fee, and cashback is credited directly to your Amazon Pay balance, which can be used for future purchases.
Tips to Maximize Cashback on Festive Shopping
- Understand Your Spending Habits: Choose a card that aligns with your spending categories, whether it’s food, travel, online shopping, or utility bills.
- Compare Cashback and Fees: Always weigh the cashback percentage against the annual fees to ensure the benefits outweigh the costs.
- Look for Additional Benefits: Many cards offer welcome bonuses, lounge access, and fuel surcharge waivers. Make sure you consider these perks before deciding on a card.
