Online shopping is booming in India, and smart buyers are now using cashback credit cards to save big on every transaction. Whether it’s Amazon, Flipkart, Swiggy, Zomato, or Myntra—every swipe should bring something back.
But which card gives you the highest cashback?
Let’s break it down.
🏅 Top 5 Highest Cashback Credit Cards for Online Spending in India [2025]
| Credit Card | Cashback Rate | Best For | Annual Fee | Bonus Offer |
|---|---|---|---|---|
| SBI Cashback Card | 5% on online spends (Amazon, Flipkart) | All-round shopping | ₹999 | ₹500 welcome cashback |
| HDFC Millennia Card | 5% on Amazon, Flipkart & Myntra | Lifestyle spenders | ₹1,000 | ₹1,000 gift voucher |
| Axis Bank Ace Credit Card | 5% on Google Pay bills & more | Bill payments, groceries | ₹499 | ₹500 cashback |
| Flipkart Axis Bank Card | 5% on Flipkart, Myntra | Flipkart ecosystem | ₹500 | ₹500 Flipkart voucher |
| Amazon Pay ICICI Card | 5% on Amazon (Prime users) | Amazon loyalists | ₹0 | Lifetime free |
🔍 Detailed Comparison: Top Cashback Credit Cards
1️⃣ SBI Cashback Credit Card
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Cashback: 5% on all online transactions (no partners)
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Max Cashback per month: ₹5,000
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Offline Spend: 1%
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Pros: Wide applicability, not limited to brands
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Cons: No cashback on utility bills, fuel, insurance
✅ Ideal For: Those who shop across multiple websites regularly.
2️⃣ HDFC Millennia Credit Card
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Cashback:
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5% on Amazon, Flipkart, Myntra (via PayZapp or SmartBuy)
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1% elsewhere
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Max Cashback: ₹1,000/month
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Pros: Great for frequent online shoppers
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Cons: Cashback credited quarterly, needs SmartBuy
✅ Ideal For: HDFC users who want high cashback with flexibility.
3️⃣ Axis Bank Ace Credit Card
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Cashback:
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5% on Google Pay utility bill payments
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4% on Swiggy, Zomato, Ola
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2% on all other spends
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Pros: Great for digital users
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Cons: Google Pay required for max cashback
✅ Ideal For: People who pay bills via Google Pay.
4️⃣ Flipkart Axis Bank Credit Card
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Cashback:
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5% on Flipkart, Myntra
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4% on Swiggy, Uber
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1.5% on other spends
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Annual Fee Waiver: Spend ₹2L/year
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Pros: Best if you love Flipkart
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Cons: Limited outside Flipkart group
✅ Ideal For: Loyal Flipkart users and foodies.
5️⃣ Amazon Pay ICICI Credit Card
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Cashback:
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5% for Prime users
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3% for non-Prime
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1% on others
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Annual Fee: Free for life
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Pros: Seamless Amazon integration, no joining fee
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Cons: No bonus offer
✅ Ideal For: Amazon loyal customers.
📊 Cashback Estimator (Example)
| Monthly Spend | SBI Cashback | HDFC Millennia | Amazon Pay (Prime) |
|---|---|---|---|
| ₹10,000 | ₹500 | ₹500 (with SmartBuy) | ₹500 |
| ₹15,000 | ₹750 | ₹750 | ₹750 |
| ₹20,000 | ₹1,000 | ₹1,000 | ₹1,000 |
📝 Things to Consider Before Choosing
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Cashback caps: Monthly or annual limits?
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Exclusions: Some cards exclude insurance, fuel, utility.
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Redemption: Automatic vs manual cashback.
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Annual Fees: Is it waived after certain spend?
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Partner-specific cards: Useful only if you shop on Amazon/Flipkart.
💬 FAQs
Q1. Which credit card gives the highest cashback in India?
A: SBI Cashback and HDFC Millennia offer up to 5% cashback on online spends, making them top picks for 2025.
Q2. Are cashback cards better than reward points cards?
A: For online shopping, cashback is better as it directly reduces your bill. Reward points work best for travel and luxury spends.
Q3. Can students apply for cashback credit cards?
A: Yes, if they have a stable income or co-applicant. Amazon Pay ICICI is a good option.
🚀 Final Verdict: Which One Should You Choose?
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Want universal cashback with no partner lock-in? → SBI Cashback Card
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Loyal to Amazon? → Amazon Pay ICICI Card (Prime = 5%)
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Prefer Flipkart, Myntra? → Flipkart Axis Bank Card
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Use Google Pay for bills? → Axis Bank Ace Card
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Want to stick with HDFC ecosystem? → Millennia Credit Card
No matter which one you pick, a cashback credit card is a smart way to save while you spend. Choose the one that matches your lifestyle and spending pattern in 2025.