#1₹5,520/yr
SBI Cashback Credit Card
5% · Cashback Kings
Best net value on this list — about ₹5,520/yr in your pocket after fees on typical spends.
Age 21–60 · From ₹20,000/mo income · Unsecured
Cashback Kings·Axis Bank
Excellent for utilities and food delivery spends.
Age 21–60 · From ₹20,000/mo income · Unsecured
Key Benefits
All 11 benefits →GPay utilities & recharge
5%
₹500/mo combined with 4% tier
Swiggy, Zomato, Ola
4%
Shared ₹500/mo cap with 5% tier
All other spends
1.5%
Unlimited
Domestic lounge
4 visits/year
Select airports
Zero sales calls. Ever.
Caps & exclusions verified · 2026-06-12
At the bank: You complete the application on their website. The bank may follow up on that application — CardHungry never calls or texts you.
We earn commission if approved — at no cost to you.
Issuer updates and CardHungry deep-dives that affect this card.
3 Nov 2026
SBI Cashback Card: Still Worth It After the April 2026 Cap Cut?
The ₹4,000 headline is not 5% on a giant cart. Here’s the new cap in rupees — and when the card is still the right one.
3 Nov 2026
Big Billion Days 2026: Which Credit Card Gives Maximum Cashback on Flipkart?
The “10% unlimited” posts are wrong. Here’s what Axis, ICICI, HDFC, and SBI actually pay on a Flipkart cart — after caps.
Rewards, lounge rules, fee perks, and extras — sourced from public issuer information.
Source: Axis Bank ACE T&Cs (Jun 2025 revision)
Flat cashback on spends — no points math
Visa/Mastercard — UPI credit not supported. GPay utility bill pay (5%) is a separate card channel, not UPI merchant QR payments.
UPI credit uses RuPay-linked cards on apps like GPay, PhonePe, and Paytm. Rates and exclusions follow issuer MITC — verify before relying on UPI for rewards.
Source: Axis Bank ACE T&Cs (Jun 2025 revision)
GPay utilities & recharge
5%
Cap: ₹500/mo combined with 4% tier
Example: ₹500/mo spend → ≈ ₹25/mo (max at cap)
Swiggy, Zomato, Ola
4%
Cap: Shared ₹500/mo cap with 5% tier
Example: ₹500/mo spend → ≈ ₹20/mo (max at cap)
All other spends
Unlimited
1.5%
Example: ₹10,000/mo spend → ≈ ₹150/mo
Domestic lounge
Select airports
4 visits/year
Fee waiver at
₹2,00,000 annual spend
Lounge access
4 domestic visits/year
Spend criteria: ₹50,000 spend in previous 3 calendar months (waived for first 4 months on new cards)
Based on moderate spend for this market
Est. net annual
₹5,759
per year
Annual fee
Free
per year
Effective return
1.6%
of spend
Rewards minus annual fee on your spend profile
Annual fee ₹499 · Forex 3.5% on international transactions — tap for full fees
Joining fee
Charged in first year · Bank-listed face fee (ex-GST). NAV math uses face × 1.18 GST.
₹499
Annual / renewal fee
Waived on ₹2,00,000 annual spend
₹499
Forex markup
3.5% on international transactions
Finance charges
≈3.5–3.75% per month (42–45% p.a.) if you revolve balance — pay in full to avoid
Late payment fee
₹400–₹1,300 depending on statement balance — always pay on time
Reward redemption fee
Usually ₹0 for cashback cards; points cards may have ₹99+ redemption fee
Example: moderate user · Steady year
Signup bonus is excluded here — switch to Year 1 on the hero or open the calculator for first-year value.
Formulas and assumptions: How we calculate NAV
21–60 years · ₹20,000/mo — tap for full criteria
Important: These are indicative eligibility bands from issuer websites. Actual approval depends on the bank's internal score, existing relationship, and current portfolio policy. CardHungry shows bands, not guarantees.
At moderate spend (₹31,000/mo), gross rewards are about ₹6,179/year. After the ₹499 annual fee, net value is approximately ₹5,759/year. Use the calculator above to model your own spends.
₹20,000/month for salaried applicants (indicative — bank decides).
Fuel, Non-GPay utilities, EMI transactions, Rent, Wallet load, Jewellery, Insurance, Education.
Deeper rankings and comparisons for similar use cases.
SBI Cashback Credit Card
5% · Cashback Kings
Best net value on this list — about ₹5,520/yr in your pocket after fees on typical spends.
YES ACE Credit Card
Accelerated · Cashback Kings
Strong runner-up at ₹3,990/yr net — roughly ₹1,530 behind #1 on the same spend mix.
Standard Chartered Smart Card
2% cashback · Cashback Kings
Worth a look — ₹3,420/yr net among the eligible cards on this list.
Approval estimate based on public eligibility criteria. Indicative only. Not a guarantee of approval.
