Credit card companies offer various credit cards with different offers, with each one providing some special benefits to its customers. Also, credit cards come in different types, such as rewards credit cards, cash back credit cards, low interest credit cards, balance transfer credit cards, etc. In this blog post, we are going to take up the top cashback credit cards.
Cash back credit cards are the ones that provide you with some really nice cash back offers. These offers can be availed when you make purchases from your credit card on select stores or purchase some selected items. However, with so many cards providing the same benefit, how would you choose the best or the top cashback credit card for yourself.
With The Smart Finance, you do not have to worry about this, as now you can decide which cash back credit card would be the best for you by taking a look at the below mentioned top cashback credit cards in India.
Top cashback Indian credit cards
Citibank Cash Back Credit Card
Cash back: Up to 30%
The Citibank Cash Back Credit Card accompanies a lot of rewards as well as many reward redemption options. With it, you can get up to 30 per cent cash back. You can avail this offer at a few selected outlets in India. Furthermore, the Citibank Cash Back Credit Card has 2.5 percent cash advance fee per month, with a minimum cash advance fee of Rs. 250. When you swipe this card at a selected outlet, you get many cash back benefits.
This credit card also has a fuel transaction waiver with a facility of 0 per cent fuel surcharge on Indian Oil petrol pumps. It has a variable APR between 3.19 per cent and 38.28 per cent per year. Furthermore, the Citibank Cash Back Credit Card does not charge any renewal or joining fees. It is issued by VISA in association with the Citibank.
HSBC Gold Credit Card
Cash back: Up to 10%
The HSBC Gold Credit Card is one of the other cash back credit cards. It offers facilities like 0 percent fuel surcharge, which is valid on all petrol outlets. It also provides a balance transfer option with the renewal fees of Rs. 2000. The regular APR on this credit card is 3.1 per cent per month.
Furthermore, the HSBC Gold Credit Card offers up to 10 per cent cash back on travel bookings, with a cash advance fee of 2.5 per cent and a minimum cash advance fee of Rs. 250. The card offers high credit limit, without any joining fees. The HSBC Gold Credit Card is issued by VISA.
SBI Gold Credit Card
Cash back: Up to 10 points
The SBI Gold Credit Card does not provide cash back in the percentage form like other top cashback credit cards. However, it offers it in the form of points, with 10 points for every Rs. 100 that you spend on grocery and departmental stores, in addition to 1 cash point for every Rs. 100 that you spend on all other purchases.
You can redeem these points against electrical appliances, gift vouchers, lifestyle products, and accessories on their website. Furthermore, the SBI Gold Credit Card has an APR of 40.2 per cent per annum, which is 3.35 per cent for a month, with a free grace period up to 50 days. The cash advance fee on it is 2.50 per cent, with a minimum of Rs. 300. The annual as well as the joining fees on this credit card is Rs. 299.
ICICI Bank Coral Credit Card
Cash back: Up to 4 points
The ICICI Bank Coral Credit Card in association with the PAYBACK, which is a loyalty program, allows you to earn points on daily activities, such as refueling, traveling, watching movies, eating out, shopping, etc. When you spend Rs. 100 on grocery, at supermarkets, or dining, you get 4 cash back points, in addition to 2 points on Rs. 100 that you spend everywhere else. These points can be redeemed against gifts or cash at several retail or in-store partners of PAYBACK, its online partners, or from its online rewards catalog.
This credit card has a 40.80 per cent interest rate per annum, which is 3.40 per cent for a month, with a free grace period up to 48 days. Furthermore, the card charges a cash advance fee of 2.50 per cent, with a minimum of Rs. 300. You also get a 2.5 per cent fuel surcharge waiver from HPCL every time you refuel up till Rs 4000 on ICICI Machines only. The ICICI Bank Coral Credit Card also charges a joining fee of Rs. 1000, along with service tax. However, you receive a complimentary Provogue tie that is worth Rs. 999 on joining, which gets delivered to your address within 30 days of your joining fee payment.
Additionally, the ICICI Bank Coral Credit Card has an annual fee of Rs. 500, plus service tax, which you have to pay from the second year. This annual fee is waived off, when you spend over Rs. 125000 in the preceding year using this card. You can apply for this card if you are an Indian national and are above 23 years of age, while providing the required identity and income documents.
These are some of the top cashback credit cards in India. You must note that these credit cards are not ranked specifically in some order. It is up to you as to which cash back credit card you choose for yourself, depending on your major expenses and personal requirements.