Best Cashback Credit Cards in India 2020

Cashback credit cards are great for maximum flexibility in how you redeem rewards. You may want to target a card that provides more cashback for a specific spending category like shopping or groceries, or you may prefer one that gives you a solid rate across all your purchases. No matter which way you lean, we've analyzed all the offerings in India to give you great options from which to choose.

Best Cashback Credit Cards
CashbackSC UltimateRs. 10,000 on MakeMyTrip, 3.33% on all spend
IndusInd Iconia Amex1.5% on weekdays, 2% weekends
Travel CashbackSC Yatra Platinum Card10% cashback on travel bookings
No Annual FeeIndusInd Pioneer1% on weekdays, 2% on weekends
Annual Fee WaiverBOB Financial SelectRs. 250 monthly bonus, 1.25% online, dining, utilities
SecuredBOB Financial Prime1% on all spend, Rs. 15,000 minimum deposit
OnlineSimplyCLICK SBI2.5% on Amazon, Cleartrip, Foodpanda & more
GroceriesKotak Essentia10% on groceries & retail
FBB SBI STYLEUP12.5% on FBB/Big Bazaar, 2.5% on Food Bazaar & dining
Dining & EntertainmentKotak Delight10% on dining & entertainment
UtilitiesSC Super Value Titanium5% cashback on utility bills and fuel
MakeMyTripICICI MakeMyTrip Sig.Rs. 4,000 in promotions, Rs 3,999 Airtel roaming pack
Ola BookingsSC DigiSmart15% cashback on Ola bookings

Best Overall Cashback Cards

The two options offered by Standard Chartered and Indusind Bank are great cards to receive solid cashback on all spending categories. The best choice for you will depend on the amount that you spend.

Best Cashback Card with Highest Rewards: Standard Chartered Ultimate Card

Consider this if you are looking for a primary card to use across all spending categories

Age Requirement 21-65
Annual Income Requirement None listed by issuer
Bonuses & Promotions
  • Sign-Up Bonus: Up to ₹ 10,000 cashback on MakeMyTrip if booked within 90 days of card issuance
  • Renewal benefit: 5,000 points

The Standard Chartered Ultimate Card is the best cashback card in India for earning great value back across all spending categories. First, consumers get an excellent welcome gift of up to Rs. 10,000 cashback on MakeMyTrip tickets booked within the first 90 days of card ownership. On general spend, you'll receive best-in-market 3.33% rupee value back with no exclusions (5 points per Rs. 150 spent; 1 point = Rs. 1 cashback), however the Standard Chartered Ultimate Card does also come with a relatively high annual fee of Rs. 5,000.

Furthermore, the card has great travel perks too, with 4 lounge visits a quarter (Visa program), and you can earn one free Priority Pass visit per month if you reach Rs. 20,000 in monthly spend. Further, you get 5% off duty free purchases and a 2% foreign currency transaction fee, one of the lowest in India. In all, get the Ultimate to earn great cashback on all spending categories along with great perks as a high spender.

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  • Annual Fee: Rs. 5,000
  • Reward Earn Rate: 5 points per Rs. 150 spent on all transactions; 5% cashback duty free spend
  • Point Value: 1 point = Rs. 1 cashback
  • Perks: Complimentary Priority Pass membership (USD 27/visit, waived once monthly if last month's spend > Rs. 20,000); Visa Lounge access (4 free visits/quarter, major airports in India); 2 free domestic golf games/month (1 free guest game/month), 1 free golf coaching session/month; air accident cover of Rs. 1 crore, emergency medical, bag delay, loss of bags/personal docs, hijacking and flight delay coverage
  • Annual Fee: Rs. 5,000
  • Reward Earn Rate: 5 points per Rs. 150 spent on all transactions; 5% cashback duty free spend
  • Point Value: 1 point = Rs. 1 cashback
  • Perks: Complimentary Priority Pass membership (USD 27/visit, waived once monthly if last month's spend > Rs. 20,000); Visa Lounge access (4 free visits/quarter, major airports in India); 2 free domestic golf games/month (1 free guest game/month), 1 free golf coaching session/month; air accident cover of Rs. 1 crore, emergency medical, bag delay, loss of bags/personal docs, hijacking and flight delay coverage

Best Cashback Card with Low-Fee: IndusInd Iconia American Express

Consider this if you want a great all-around cashback card with a relatively low fee

Age Requirement None listed by issuer
Annual Income Requirement None listed by issuer

Indusind Bank Iconia American Express Credit Card is the best low-fee cashback card in the market, earning 1.5% cashback on all weekday spend, with 2% back on weekends (excluding fuel) with a joining fee of just Rs. 3,500 with no annual fee thereafter. This is relatively low when compared to the Rs. 5,000 fee required by the SC Ultimate Card. The card also comes with a range of perks, including 2 quarterly visits to American Express airport lounges in India, travel insurance, 20% off Lemon Tree hotel properties and free golf. Therefore the IndusInd Iconia is great if you want a very versatile cashback card with a relatively low fee.

Read Our Review

  • Join Fee: Rs 3,500 (No annual fee after the joining fee)
  • Reward Earn Rate: 1.5 points per Rs. 100 domestic/international weekday spend; 2 points on weekends (excludes fuel)
  • Point Value: 1 point = Rs. 1
  • Perks: 2 free visits/quarter to Amex airport lounge (14 lounges across 7 cities, domestic/international terminals); Rs. 100,000 lost bag insurance, delayed bag, lost passport, lost ticket and missed connection insurances; 20% off hotel rooms, food & beverage across 40 Lemon Tree properties; free golf games & lessons
  • Fuel Surcharge Waiver: Transactions Rs. 400-4000
  • Join Fee: Rs 3,500
  • Reward Earn Rate: 1.5 points per Rs. 100 domestic/international weekday spend; 2 points on weekends (excludes fuel)
  • Point Value: 1 point = Rs. 1
  • Perks: 2 free visits/quarter to Amex airport lounge (14 lounges across 7 cities, domestic/international terminals); Rs. 100,000 lost bag insurance, delayed bag, lost passport, lost ticket and missed connection insurances; 20% off hotel rooms, food & beverage across 40 Lemon Tree properties; free golf games & lessons
  • Fuel Surcharge Waiver: Transactions Rs. 400-4000

Best Cashback Travel Credit Card: Standard Chartered Yatra Platinum Credit Card

Consider this if you are looking for a card to use on international travel bookings and prefer to book your travel through Yatra

Age Requirement 21-65
Annual Income Requirement None listed by issuer
Bonuses
  • Sign-Up Bonus: Yatra vouchers worth ₹ 4,000

The Standard Chartered Yatra Platinum card is the ideal option for individuals interested in a cashback card for their travel bookings. For instance, the card offers cardholders with 10% cashback on all travel bookings made through Yatra, these include domestic flights, international flights and hotel bookings. The card also comes with a great perk that allows cardholders to avoid fees when cancelling flights. On top of the great cashback rate, the card also offers a rewards rate of 0.95% (4 points per Rs. 100, 1 reward point = 0.53 InterMiles) on travel bookings made through the Yatra Platform.

Notably, the Yatra Platinum Card offers a relatively low overall rewards rate (0.48% - 2 points per Rs. 100, 1 reward point = 0.53 InterMiles). With this in mind, the card is the best option for those interested in acquiring a card exclusively for receiving cashback on travel spending.

Read Our Review

  • Annual Fee: 499
  • Earn Rate: 10% Cashback on all travel bookings (Rs. 250 cap on domestic flights, Rs. 750 cap on international flights and Rs. 1,000 cap on hotel bookings—this cashback is applicable 12 times per calendar year and max 4 times a month)
  • Cashback requirement: To receive this cashback the flights must be roundtrips and the hotel booking has to be at least 3 nights with a minimum booking price of Rs. 4,000.
  • Est. Point Value: 1 point = 0.53 InterMiles = ~ Rs. 0.24
  • Travel Perks: Waivers on flight cancellation fees for all tickets booked on the Yatra platform
  • Fuel Surcharge Waiver: Fuel surcharge waiver of 1% across India (maximum waiver of Rs. 150)
  • Receive dining and shopping discounts through the Standard Chartered Good Life Programme
  • Annual Fee: 499
  • Earn Rate: 10% Cashback on all travel bookings (Rs. 250 cap on domestic flights, Rs. 750 cap on international flights and Rs. 1,000 cap on hotel bookings—this cashback is applicable 12 times per calendar year and max 4 times a month)
  • Cashback requirement: To receive this cashback the flights must be roundtrips and the hotel booking has to be at least 3 nights with a minimum booking price of Rs. 4,000.
  • Est. Point Value: 1 point = 0.53 InterMiles = ~ Rs. 0.24
  • Travel Perks: Waivers on flight cancellation fees for all tickets booked on the Yatra platform
  • Fuel Surcharge Waiver: Fuel surcharge waiver of 1% across India (maximum waiver of Rs. 150)
  • Receive dining and shopping discounts through the Standard Chartered Good Life Programme

Best Cashback Card with Annual Fee Waiver: BOB Financial Select Credit Card

Consider this if you spend a minimum of Rs. 70,000 on your card each year

Age Requirement None listed by issuer
Annual Income Requirement None listed by issuer
Bonuses
  • Monthly bonus: 1,000 points (worth Rs. 250) on 5 transactions of Rs. 1,000+

The BOB Financial Select Card is one of the most valuable cashback cards in the market, and your annual fee is waived if you clear Rs. 70,000 in annual spend. The card's biggest source of value is its monthly bonus of Rs. 250 (1,000 points; 4 points = Rs. 1) upon 5 transactions of at least Rs. 1,000 within the month. On daily spend, the card nets good 1.25% rupee value back (5 points per Rs. 100 spent) on online shopping, dining and utilities, but it's 0.25% back (1 point per Rs. 100) on other spend is below average. Overall, this is one of the most valuable cashback cards as long as you spend enough to receive the monthly bonuses.

Read Our Review

  • Annual Fee: Rs. 750 (in first year, waived on Rs. 7,500 spend in 60 days; beyond first year, waived on annual spend of Rs. 70,000)
  • Reward Earn Rate: 5 points/Rs. 100 spent on online shopping, dining and utility bills; 1 point/Rs. 100 spent on all other
  • Point Value: 4 points = Rs. 1
  • Fuel Surcharge Waiver: Transactions Rs. 400 – 5,000 (max Rs. waived 250 per cycle)
  • Annual Fee: Rs. 750 (in first year, waived on Rs. 7,500 spend in 60 days; beyond first year, waived on annual spend of Rs. 70,000)
  • Reward Earn Rate: 5 points/Rs. 100 spent on online shopping, dining and utility bills; 1 point/Rs. 100 spent on all other
  • Point Value: 4 points = Rs. 1
  • Fuel Surcharge Waiver: Transactions Rs. 400 – 5,000 (max Rs. waived 250 per cycle)

Best No-Annual Fee Cashback Card: IndusInd Bank Pioneer Legacy Credit Card

Consider this if you don't want to pay an annual fee under any circumstances

Age Requirement None listed by issuer
Annual Income Requirement None listed by issuer
Bonuses
  • Welcome Gift: Oberoi Hotel or Genesis Luxury vouchers
  • Anniversary Bonus: 6,000 points on Rs. 600,000+ spend within one year from card issuance

An annual fee can be worth paying based on the rewards you get, but IndusInd's Pioneer Legacy is the best cashback option if you definitely want to avoid such fees. The credit card provides great 1% rupee value back on weekday spend (1 point per Rs. 100; 1 point = Rs. 1) and 2% on weekends. Plain and simple, if you want a truly no-fee cashback card, go for this one is perfect.

  • Reward Earn Rate: 1 point/Rs. 100 spent on weekdays, 2 points/Rs. 100 spent on weekends (max 20,000 points/month)
  • Point Value: 1 point = Rs. 1 cashback
  • Perks: Complimentary international & domestic lounge access via Priority Pass; Rs. 100,000 lost bag insurance, delayed bag, loss of passport, lost ticket, missed connection coverages
  • Fuel Surcharge Waiver: Transactions Rs. 400 – 4000
  • Reward Earn Rate: 1 point/Rs. 100 spent on weekdays, 2 points/Rs. 100 spent on weekends (max 20,000 points/month)
  • Point Value: 1 point = Rs. 1 cashback
  • Perks: Complimentary international & domestic lounge access via Priority Pass; Rs. 100,000 lost bag insurance, delayed bag, loss of passport, lost ticket, missed connection coverages
  • Fuel Surcharge Waiver: Transactions Rs. 400 – 4000

Best Cashback Card with Annual Fee Waiver: BOB Financial Select Credit Card

Consider this if you spend a minimum of Rs. 70,000 on your card each year

Age Requirement None listed by issuer
Annual Income Requirement None listed by issuer
Bonuses
  • Monthly bonus: 1,000 points (worth Rs. 250) on 5 transactions of Rs. 1,000+

The BOB Financial Select Card is one of the most valuable cashback cards in the market, and your annual fee is waived if you clear Rs. 70,000 in annual spend. The card's biggest source of value is its monthly bonus of Rs. 250 (1,000 points; 4 points = Rs. 1) upon 5 transactions of at least Rs. 1,000 within the month. On daily spend, the card nets good 1.25% rupee value back (5 points per Rs. 100 spent) on online shopping, dining and utilities, but it's 0.25% back (1 point per Rs. 100) on other spend is below average. Overall, this is one of the most valuable cashback cards as long as you spend enough to receive the monthly bonuses.

  • Annual Fee: Rs. 750 (in first year, waived on Rs. 7,500 spend in 60 days; beyond first year, waived on annual spend of Rs. 70,000)
  • Reward Earn Rate: 5 points/Rs. 100 spent on online shopping, dining and utility bills; 1 point/Rs. 100 spent on all other
  • Point Value: 4 points = Rs. 1
  • Fuel Surcharge Waiver: Transactions Rs. 400 – 5,000 (max Rs. waived 250 per cycle)
  • Annual Fee: Rs. 750 (in first year, waived on Rs. 7,500 spend in 60 days; beyond first year, waived on annual spend of Rs. 70,000)
  • Reward Earn Rate: 5 points/Rs. 100 spent on online shopping, dining and utility bills; 1 point/Rs. 100 spent on all other
  • Point Value: 4 points = Rs. 1
  • Fuel Surcharge Waiver: Transactions Rs. 400 – 5,000 (max Rs. waived 250 per cycle)

Best Cashback Card Against Fixed Deposit: BOB Financial Prime Credit Card

Consider this if you have poor, limited or nonexistent credit history

Age Requirement None listed by issuer
Annual Income Requirement None listed by issuer

The BOB Financial Prime Card is your best cashback option if you need a credit card against fixed deposit. Known as secured credit cards too, they are smart options to build your credit and eventually obtain a more profitable card down the road. The Prime card nets you 1% value back (4 points per Rs. 100 spent; 4 points = Rs. 1) on all your daily spend, a great rate among the secured cards in India, and it also has the lowest deposit requirement of Rs. 15,000. Get this credit card to earn good cashback while you need a card against fixed deposit.

Read Our Review

  • Minimum Fixed Deposit: Rs. 15,000
  • Reward Earn Rate: 4 Reward Points per Rs. 100 spent
  • Point Value: 4 Reward Points = Rs. 1
  • Fuel Surcharge Waiver: Transactions Rs. 400 – 5,000; max Rs. 250 waived per month
  • Minimum Fixed Deposit: Rs. 15,000
  • Reward Earn Rate: 4 Rewards Points per Rs. 100 spent
  • Point Value: 4 Reward Points = Rs. 1
  • Fuel Surcharge Waiver: Transactions Rs. 400 – 5,000; max Rs. 250 waived per month

Best Cashback Card for Online Spend: SimplyCLICK SBI Card

Consider this if you like online shopping and food delivery

Age Requirement None listed by issuer
Annual Income Requirement None listed by issuer
Bonuses & Promotions
  • Welcome Gift: Rs. 500 Amazon.in gift card
  • Anniversary Bonus: Rs. 2,000 Cleartrip voucher each on annual online spend of Rs. 100,000 and Rs. 200,000

The SimplyCLICK SBI Card is great for online spending, including shopping, groceries, travel, dining, entertainment and more. Specifically, the card provides a great 2.50% rupee value back (10 points/Rs. 100 spent; 4 points = Rs. 1) on Amazon, Cleartrip, Foodpanda, BookMyShow, Lenskart and UrbanClap. Its 1.25% value back on other online spend is good, but all other purchases will earn you a below average 0.25% value back. The card's Rs. 500 Amazon welcome bonus is nice to get, but the Cleartrip anniversary bonuses will be hard to earn outside of very high online spenders. Apply for this credit card if you want to receive great value back on a multitude of spending categories.

Read Our Review

  • Annual Fee: Rs. 499 (after first year, waived on annual spend of Rs. 100,000)
  • Reward Earn Rate: 10 points/Rs. 100 on Amazon, Cleartrip, Foodpanda, BookMyShow, Lenskart, UrbanClap; 5 points/Rs. 100 on other online spend; 1 point/Rs. 100 on all other spend
  • Point Value: 4 points = Rs. 1
  • Fuel Surcharge Waiver: Transactions Rs. 500-3,000 (max waived Rs. 100/month)
  • Annual Fee: Rs. 499 (after first year waived on annual spend of Rs. 100,000)
  • Reward Earn Rate: 10 points/Rs. 100 on Amazon, Cleartrip, Foodpanda, BookMyShow, Lenskart, UrbanClap; 5 points/Rs. 100 on other online spend; 1 point/Rs. 100 on all other spend
  • Point Value: 4 points = Rs. 1
  • Fuel Surcharge Waiver: Transactions Rs. 500-3,000 (max waived Rs. 100/month)

Best Groceries Cards

The two cashback cards that offer the most rewards for grocery spends are the Kotak Essentia Platinum Credit Card and the FBB SBI StyleUp Credit Card. The Kotak Essentia Card is great for overall grocery spending, whereas the SBI StyleUp card is catered towards the BigBazaar chain. Therefore, there are different options to cater your grocery preferences.

Best Grocery Card: Kotak Mahindra Essentia Platinum Card

Consider this if you have high spends on groceries and shopping

Age Requirement 21-65
Annual Income Requirement None listed by issuer
Bonuses & Promotions
  • Spend ₹ 125,000 every 6 months and get 1200 points (Up to 2400 points per year) OR Spend ₹ 125,000 every 6 months and get 6 free PVR tickets (max 12 per year)

The Kotak Mahindra Essentia Platinum Card is a great option for individuals looking to earn cashback on both grocery and online shopping spending. Potential cardholders will earn a rewards rate of 10% (10 Saving Points per Rs. 100 spent; 1 point = Rs. 1)— the highest in our review. To receive this high rate, the transaction must be a minimum of Rs. 1,500 and the monthly points are capped at 500 points across grocery and retail spending combined.

Furthermore, the card has a great promotion of 1,200 points that can be earned every 6 months, with the condition that the cardholder spends Rs. 125,000 in that time period, this can help offset the 500 point cap on shopping and groceries. Unfortunately, the Kotak Essentia Platinum Card earns a relatively low 0.40% rewards rate on all other spending categories, making this card attractive exclusively for grocery and shopping rewards.

Read Our Review

  • Annual Fee: Rs. 499
  • Welcome Gift: Rs. 500 FBB gift voucher
  • Renewal Gift: 2,000 Reward Points
  • Earn Rate: 1 Reward Point per Rs. 100 spent except on Fuel; 10X points and 10% cashback on FBB / Big Bazaar; 10X points on Food Bazaar; 10X points on dining
  • Point Value: 1 Reward Point = Rs. 0.25
  • Fuel Surcharge Waiver: Transaction range Rs. 500 – 3,000
  • Annual Fee: Rs. 499
  • Welcome Gift: Rs. 500 FBB gift voucher (conditions apply)
  • Renewal Gift: 2,000 Reward Points
  • Earn Rate: 1 Reward Point per Rs. 100 spent except on Fuel; 10X points and 10% cashback on FBB / Big Bazaar; 10X points on Food Bazaar; 10X points on dining
  • Point Value: 1 Reward Point = Rs. 0.25
  • Fuel Surcharge Waiver: Transaction range Rs. 500 – 3,000

Best Grocery Card for Big Bazaar: FBB SBI STYLEUP Card

Consider this if you shop at Big Bazaar / Food Bazaar / FBB

Age Requirement None listed by issuer
Annual Income Requirement None listed by issuer
Bonuses
  • Welcome Gift: Rs. 500 FBB gift voucher
  • Renewal Gift: 2,000 Reward Points (worth Rs. 500)

The FBB SBI STYLEUP Card is the best option in India if you shop with the Big Bazaar family. Its best-in-market shopping rewards come via 10% off purchases at FBB or Big Bazaar outlets, plus an extra 2.5% in rewards (10 points/Rs. 100 spent; 1 point = Rs. 0.25). You'll also earn a great 2.5% rupee value back on all dining expenses as well as from grocery shopping at Food Bazaar (10 points/Rs. 100). Other category spend (except fuel) nets a below average 0.25% rupee value back (1 point per Rs. 100), so this card is best used for Big Bazaar and dining spending.

Read Our Review

  • Annual Fee: Rs. 499
  • Welcome Gift: Rs. 500 FBB gift voucher
  • Renewal Gift: 2,000 Reward Points
  • Earn Rate: 1 Reward Point per Rs. 100 spent except on Fuel; 10X points and 10% cashback on FBB / Big Bazaar; 10X points on Food Bazaar; 10X points on dining
  • Point Value: 1 Reward Point = Rs. 0.25
  • Fuel Surcharge Waiver: Transaction range Rs. 500 – 3,000
  • Annual Fee: Rs. 499
  • Welcome Gift: Rs. 500 FBB gift voucher (conditions apply)
  • Renewal Gift: 2,000 Reward Points
  • Earn Rate: 1 Reward Point per Rs. 100 spent except on Fuel; 10X points and 10% cashback on FBB / Big Bazaar; 10X points on Food Bazaar; 10X points on dining
  • Point Value: 1 Reward Point = Rs. 0.25
  • Fuel Surcharge Waiver: Transaction range Rs. 500 – 3,000

Best Dining and Entertainment Card: Kotak Delight Platinum Credit Card

Consider this if you find yourself spending on dining and entertainment

Age Requirement 21-65
Annual Income Requirement None listed by issuer
Bonuses & Promotions
  • Anniversary Bonus: Spend ₹ 125,000 every 6 months and get ₹ 750 cashback or 4 free PVR tickets

The Kotak Delight Platinum Card is a great option for individuals seeking a card to use on dining and entertainment spending. The card offers the best-in-market 10% cashback on both dining and entertainment categories (max Rs. 4,000 per transaction, max Rs. 600 cashback per month). Unfortunately, to redeem these reward you must be a high spender, as the redemption process requires cardholders to spend Rs. 10,000 each month on categories other than dining and entertainment (no other category earns rewards for this card). That being said, there is a good anniversary bonus of Rs. 750 (or 4 free PVR tickets) upon spending Rs. 125,000 each month. As a result, if you're a high spender and spend a lot on dining and entertainment, the Kotak Delight Credit Card may be the perfect fit for you.

Read Our Review

  • Joining Fee: Rs. 1,999
  • Annual Fee: Rs. 299
  • Reward Earn Rate: Spend a minimum of Rs. 10,000 monthly on categories other than dining and entertainment and earn 10% cashback on dining (stand-alone outlets) and movies (max transaction Rs. 4,000, max Rs. 600 cashback/month)
  • Fuel Surcharge Waiver: Transactions Rs. 400-4000 (max Rs. 4,500 waived/year)
  • Joining Fee: Rs. 1,999
  • Annual Fee: Rs. 299
  • Reward Earn Rate: Spend a minimum of Rs. 10,000 monthly on categories other than dining and entertainment and earn 10% cashback on dining (stand-alone outlets) and movies (max transaction Rs. 4,000, max Rs. 600 cashback/month)
  • Fuel Surcharge Waiver: Transactions Rs. 400-4000 (max Rs. 4,500 waived/year)

Best Utilities Cashback Card: Standard Chartered Super Value Titanium Card

Consider this if you want a good cashback card that offers high cashback on utility, fuel, and phone bills

Age Requirement 21-65
Annual Income Requirement None listed by issuer

The Standard Chartered Super Value Titanium Credit Card is a great option for those seeking a cashback card with elevated rates for utilities. The card offers 5% cashback on utility, fuel and phone bills—the highest among all cards in our review. Notably, the cashback on utility spending is subject to Rs. 750 minimum transaction, with a maximum cashback of Rs. 100 per month. It is also important to note that annual fees are waived for SC Premium Banking customers and they are also offered a free monthly visit to Priority Pass airport lounges. Unfortunately, this card will earn just 0.67% cashback on general spending. As a result, the Standard Chartered Super Value Titanium Card is best for consumers in search of a cashback card for utility, fuel, and phone bills spending, specifically.

Read Our Review

  • Annual Fee: Rs. 750 (Can be waived by Premium Banking customers)
  • Reward Earn Rate: 1 point per Rs. 150 spent (Premium Banking: 5x overseas spend)
  • Point Value: 100 points = 53 InterMiles = ~Rs. 24
  • Utilities: 5% cashback, minimum transaction of Rs. 750, max Rs. 100 cashback/month
  • Fuel: 5% cashback (net of surcharge), min transaction Rs. 750, max Rs. 100 cashback/transaction & Rs. 200/month
  • Phone bill: 5% cashback, min transaction of Rs. 750, max Rs. 100 cashback per transaction & Rs. 200 per month
  • SC Good Life Program; Premium Banking - Priority Pass (1 free lounge visit per month)
  • Annual Fee: Rs. 750 (Can be waived by Premium Banking customers)
  • Reward Earn Rate: 1 point per Rs. 150 spent (Premium Banking: 5x overseas spend)
  • Point Value: 100 points = 53 InterMiles = ~Rs. 24
  • Utilities: 5% cashback, minimum transaction of Rs. 750, max Rs. 100 cashback/month
  • Fuel: 5% cashback (net of surcharge), min transaction Rs. 750, max Rs. 100 cashback/transaction & Rs. 200/month
  • Phone bill: 5% cashback, min transaction of Rs. 750, max Rs. 100 cashback per transaction & Rs. 200 per month
  • SC Good Life Program; Premium Banking - Priority Pass (1 free lounge visit per month)

Best MakeMyTrip Card: ICICI Bank MakeMyTrip Signature Credit Card

Consider this if you have high spends on groceries and shopping

Age Requirement None listed by issuer
Annual Income Requirement None listed by issuer
Bonuses & Promotions
  • Welcome Gift: 10,000 Reward Points (worth ₹ 10,000)
  • Renewal Bonus: 5,000 Reward Points (worth ₹ 5,000); not applicable when renewal fee is waived (requires annual spend of ₹ 500,000)

The MakeMyTrip ICICI Bank Signature Credit Card is a great option for those who use the MakeMyTrip platform to book trips. This is primarily due to the strong promotions and bonuses that are offered to the cardholders. These promotions include sign-up bonuses of Rs. 1,500 in My Cash to be used on the MakeMyTrip site, as well as a Lemontree Hotel voucher of Rs. 2,500. Additionally, cardholders are offered a promotion of Rs. 4,000 MY Cash for use on the MakeMyTrip platform. The cardholder will also be enrolled into an invitation only MMTDOUBLEBLACK membership, which allows for domestic flight and hotel cancellations. This also includes an MMTBlack membership as a way to receive points through spending, the details for MMTBLACK milestones are displayed in the table below.

Further, the MakeMyTrip ICICI Signature Card has a high rewards rate on travel bookings made through MakeMyTrip, at 2% (4 points per Rs. 200) for hotel and holiday spending and 1% (2 points per Rs. 200, 1 point = Rs. 1) for flight bookings. Additionally, for overseas spending the the card offers a relatively high rewards rate of 0.75% (1.5 points per Rs. 200, 1 point = Rs. 1). Unfortunately, this card has a relatively low rewards rate of 0.63% (1.25 point per Rs. 200, 1 point = Rs. 1) on all other spending beyond the categories of travel bookings and overseas spending. Even with the low reward rate of all other spending in mind, the MakeMyTrip ICICI Signature Card is the best option for those who often use the MakeMyTrip platform.

  • Joining Fee: Rs. 2,500
  • Annual Fee: No Fee
  • Earn Rate: 1.25 point per Rs. 200 all spending, 4 points per Rs. 200 for hotel and holiday spending on MakeMyTrip, 2 points per Rs. 200 for flight bookings on MakeMyTrip, 1.5 points per Rs. 200 for spends outside MakeMyTrip
  • Point Value: 1 point = Rs. 1
  • Travel: Cardholder will receive a Lemon Tree Hotels voucher worth Rs 2,500 as a welcome gift, up to 2 airport lounge visits per quarter, additional international roaming pack up to Rs 3,999 with Airtel
  • MMTBLACK and MMTDOUBLEBLACK: MMTBLACK offers My Cash rewards as cardholder spending increases, MMTDOUBLEBLACK allows the cardholder to cancel 2 domestic flights and 2 domestic hotels. This is provided for one year but to renew there will be a cost of Rs. 1,499
  • Ola: Every 6th ride per month will be free on OLA
  • Joining Fee: Rs. 2,500
  • Annual Fee: No Fee
  • Earn Rate: 1.25 point per Rs. 200 all spending, 4 points per Rs. 200 for hotel and holiday spending on MakeMyTrip, 2 points per Rs. 200 for flight bookings on MakeMyTrip, 1.5 points per Rs. 200 for spends outside MakeMyTrip
  • Point Value: 1 point = Rs. 1
  • Travel: Cardholder will receive a Lemon Tree Hotels voucher worth Rs 2,500 as a welcome gift, up to 2 airport lounge visits per quarter, additional international roaming pack up to Rs 3,999 with Airtel
  • MMTBLACK and MMTDOUBLEBLACK: MMTBLACK offers My Cash rewards as cardholder spending increases, MMTDOUBLEBLACK allows the cardholder to cancel 2 domestic flights and 2 domestic hotels. This is provided for one year but to renew there will be a cost of Rs. 1,499
  • Ola: Every 6th ride per month will be free on OLA
SpendEarn
₹ 20,000₹ 500 My Cash
₹ 50,000₹ 1,250 My Cash
₹ 1,000,000₹ 1,500 My Cash
₹ 2,000,000₹ 3,000 My Cash
₹ 3,000,000₹ 3,750 My Cash
₹ 5,000,000₹ 15,000 My Cash
SpendEarn
₹ 20,000₹ 500 My Cash
₹ 50,000₹ 1,250 My Cash
₹ 1,000,000₹ 1,500 My Cash
₹ 2,000,000₹ 3,000 My Cash
₹ 3,000,000₹ 3,750 My Cash
₹ 5,000,000₹ 15,000 My Cash

Best Cashback Card for Ola Cab Bookings: Standard Chartered DigiSmart Credit Card

Consider this if you like to travel using Ola

Age Requirement 21-65
Annual Income Requirement None listed by issuer

The Standard Chartered DigiSmart credit card is a good cashback option for individuals that tend to book rides on Ola frequently. For instance the card offers cardholders with 15% cashback on all rides booked through Ola, making it the best card for the service in India. The card also has many other perks such as discounts at Myntra, Grofers, INOX, Zomato and Yatra. See the details for the perks below:

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LabelOfferMaximum Discount
Myntra20% discount with no minimum spending, 1 transaction per monthMaximum Rs. 700 per month
Grofers10% discount with no minimum spending, 5 transactions per monthMaximum Rs. 1,000 per month
INOXBuy one ticket get one free, valid 2 times a month only on Saturdays and SundaysMaximum Rs. 200 per month
Zomato10% off with no minimum spending, 5 transactions per monthMaximum Rs. 150 per transaction
Yatra
  • 20% discount on domestic flights, 1 transaction per quarter
  • 10% discount on international flights, 1 transaction per quarter
  • 25% discount on domestic hotel bookings, 1 transaction per quarter
  • Maximum Rs. 750 per quarter
  • Maximum Rs. 10,000 per quarter
  • Maximum Rs. 4,000 per quarter
  • Monthly Fee: Rs. 49 (after first year, waived on monthly spend of Rs. 5,000)
  • Reward Earn Rate: 15% cashback on Ola bookings
  • Perks: Discounts at Myntra, Grofers, INOX, Zomato and Yatra. See the details for the perks above.
  • Monthly Fee: Rs. 49 (after first year, waived on monthly spend of Rs. 5,000)
  • Reward Earn Rate: 15% cashback on Ola bookings
  • Perks: Discounts at Myntra, Grofers, INOX, Zomato and Yatra. See the details for the perks above.
Sahmi Chowdhury

Sahmi is a Junior Research Analyst specialising in credit cards and insurance in India. He previously worked in the financial services sector at Brown Brothers Harriman and True Capital Management.