Best Cashback Credit Cards India 2026 – 5-7.5% Online
Compare India's best cashback credit cards — SBI Cashback (5% all online), Axis Flipkart (7.5% Myntra), HDFC Millennia (5% on 8 platforms), ICICI Amazon Pay (5% Amazon) — with a real yearly savings estimator.
Model annual savings across categories with our Credit Card Cashback Estimator.
Methodology
Rankings use net savings = Annual Rewards − Effective Annual Fee. Cashback rates sourced from issuer T&C (October 2026). Caps modelled: SBI Cashback ₹5K/month, Axis Flipkart ₹4K/quarter per partner. Fee waiver applied when annual spend ≥ threshold. Liquid fund yield 7.5% p.a. used in arbitrage calculations.
Real Yearly Savings Calculator
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| Card | Annual Fee | Yearly Cashback | Net Savings | Apply |
|---|---|---|---|---|
BestSBI Cashback 5% all online, no restrictions | ₹0 (waived) | ₹11,040 | ₹11,040 | Check eligibility & apply |
Axis Flipkart 7.5% Myntra, 5% Flipkart/Cleartrip | ₹500 | ₹10,440 | ₹9,940 | Check eligibility & apply |
HDFC Millennia 5% on Amazon, Flipkart, Myntra, Swiggy | ₹0 (waived) | ₹8,040 | ₹8,040 | Check eligibility & apply |
ICICI Amazon PayFree 5% on Amazon (Prime members) | Free | ₹7,440 | ₹7,440 | Check eligibility & apply |
Axis ACE 4% on GPay bills, 2% flat on all | ₹0 (waived) | ₹5,520 | ₹5,520 | Check eligibility & apply |
Axis MyZone RuPayFree BOGO movies + Swiggy discounts | Free | ₹2,400 | ₹2,400 | Check eligibility & apply |
Rankings are based on your entered spends only. Verify rates with issuers before applying.
Best Cashback Credit Cards — Detailed Reviews
SBI Cashback (SBI)
Best Overall- •5% on ALL online — Amazon, Flipkart, Swiggy, Zomato, any website
- •₹5,000/month cap (₹60,000/year potential)
- •Auto-credited cashback
- •1% offline, fuel surcharge waiver
Best for: Diversified online spenders who use multiple platforms
Axis Flipkart (Axis)
Highest Cashback- •7.5% cashback on Myntra (cap ₹4K/quarter)
- •5% on Flipkart and Cleartrip (cap ₹4K/quarter each)
- •4% unlimited on Swiggy, PVR, Uber, Cult.fit
- •1% on other spends
Best for: Flipkart/Myntra shoppers, Swiggy regulars
HDFC Millennia (HDFC)
Multi-platform- •5% CashPoints on 8 partner platforms: Amazon, Flipkart, Myntra, Swiggy, Zomato, Uber, Ola, BookMyShow
- •2.5% on all other online spends
- •8 domestic lounge visits/year
Best for: Multi-platform shoppers: Amazon + Flipkart + Swiggy + Uber users
Axis ACE (Axis)
Flat Cashback- •4% cashback on bill payments via Google Pay
- •2% flat cashback on ALL transactions — no exceptions
- •2% on rent (most cards exclude rent)
- •Simple auto-credited cashback
Best for: Renters and those wanting simple flat cashback on every transaction
ICICI Amazon Pay (ICICI)
Lifetime FreeBest for Amazon- •5% cashback on Amazon for Prime members (unlimited)
- •2% cashback on Amazon Pay partner merchants
- •1% cashback on all other transactions
- •Instant cashback to Amazon Pay balance
Best for: Amazon Prime members who primarily shop on Amazon
Axis MyZone RuPay (Axis)
Lifetime FreeUPI- •BOGO movie tickets via District (₹200/month)
- •₹120 off Swiggy twice/month (₹2,880/year)
- •Free SonyLiv Premium (₹1,499/year)
- •RuPay — works with UPI apps
Best for: Zero-fee seekers who want entertainment perks + UPI rewards
FAQs — Best Cashback Credit Cards India 2026
Which credit card gives the highest cashback in India 2026?
Highest cashback: Axis Flipkart 7.5% on Myntra, SBI Cashback 5% on all online (no restrictions), HDFC Millennia 5% on 8 partner platforms, Axis Airtel 25% on Airtel services. Use our calculator to find the highest cashback card for your pattern.
Which credit card gives 5% cashback on all online spends?
SBI Cashback gives 5% on every online transaction — no merchant restrictions. Cap: ₹5,000/month. Fee ₹999 waived at ₹2L annual spend.
SBI Cashback vs Axis Flipkart — which gives more cashback?
Axis Flipkart wins for Myntra/Flipkart focused spenders (7.5% Myntra). SBI Cashback wins for diversified online spenders (5% on every platform). Use the calculator above to compare for your actual spend pattern.
Which cashback credit card has no annual fee in India 2026?
Lifetime free cashback cards: Axis MyZone RuPay (BOGO movies, Swiggy), IndusInd Legend (BOGO BookMyShow), ICICI Amazon Pay (5% Amazon for Prime). All have zero joining and annual fee.
Which credit card gives cashback on Amazon India?
ICICI Amazon Pay (5% for Prime members, unlimited), HDFC Millennia (5% CashPoints), SBI Cashback (5% all online including Amazon). ICICI Amazon Pay is best if you primarily shop on Amazon.
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