October 2026. The top pick in every category, ranked by what you keep after fees.
Best overall: PhonePe SBI Card SELECT BLACK
About ~₹6,300 a year after fees and caps, on a typical month of spending.
Best for online shopping
PhonePe SBI Card SELECT BLACK: ~₹9,000 a year. Annual fee: ₹1,499/yr.
Best for dining and food delivery
Axis Bank ACE: ~₹8,000 a year. Annual fee: ₹499/yr.
Best for fuel
YES ACE: ~₹7,600 a year. Annual fee: ₹499/yr.
Best for travel and miles
ICICI Bank MakeMyTrip: ~₹4,700 a year. Annual fee: ₹999/yr.
Net value per year: rewards minus fees, after monthly caps. No sign-up bonuses, no sponsored ranking.
All 10 lists, the assumptions, and what to check before you apply.
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