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Best of · September 2026

The cards that pay in rupees.

see the ranked list ↓

Most of this desk ranks cards on where a point can fly. This board does the opposite: 82 Indian cards whose reward is money — one unit, one rupee, credited against the statement, no transfer partner anywhere and nothing to time. Ranked on what they actually return at ₹50,000 a month of spend, after the fee.

the call, and how it's made fold that back up

Which is the best cashback credit card in India?

Google Pay Flex Axis Bank. At ₹50,000 a month — ₹6L a year, which is where this cohort of cards actually lives — it returns ₹9,600 net of its fee (₹0 — lifetime free), on the calculator engine, welcome bonus excluded. 82 cards qualify, across 15 currencies, and the rule for getting on is exact: what the card pays you is a RUPEE, credited at par — our valuation index marks it ₹1.00 with a ₹1.00 floor and a ₹1.00 ceiling, because there is nothing to argue about. 127 more cards are sold as cashback and pay a point that is only worth a rupee on the right redemption screen; they are named below the table with the band they actually redeem in. Most readers are not choosing between the top of this table and nothing — they are choosing between two cards further down it, so here is that answer at ₹1L a month, double this board's spend: HSBC Live+ nets ₹18,000 a year (₹999/yr, waived at ₹2L of annual spend) and CASHBACK SBI Card nets ₹12,000 a year (₹999/yr, waived at ₹2L of annual spend).

The ₹ here is net annual value — earn, milestones and monthly bonuses, net of the fee. The board on /compare runs the ranking model, which also credits ~20% of spend at each card's best accelerator, so its ₹ reads higher for the same card (both models, side by side →).

Verified through · The records behind this board — the card records this ranks and the marks on the money currencies they pay in — carry re-verification dates from 21 Jul 2026 to 25 Sept 2026; the board is recomputed from them on every build.

The top three

#1 the call Keep

Google Pay Flex Axis Bank

₹9,600

net ₹/yr at ₹50,000/mo

1.60% net of fee at ₹50,000/mo spend · pays in Google Pay Stars at ₹1.00 · ₹0 — lifetime free

#2 Keep

Axis Bank ACE

₹9,000

net ₹/yr at ₹50,000/mo

1.50% net of fee at ₹50,000/mo spend · pays in Axis Bank Cashback at ₹1.00 · ₹499/yr

#3 Keep

HSBC Live+

₹9,000

net ₹/yr at ₹50,000/mo

1.50% net of fee at ₹50,000/mo spend · pays in HSBC Cashback at ₹1.00 · ₹999/yr

The rest of the field

Ranks 4–15 of 82

# Card net ₹/yr at ₹50,000/mo The math
4 RBL Apex ₹8,000 1.33% net of fee at ₹50,000/mo spend · pays in RBL Cashback at ₹1.00 · ₹1,000/yr
5 ESAF INORI RuPay Platinum ₹7,500 1.25% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹0 — lifetime free
6 Fibe Axis Bank Credit Card ₹6,000 1.00% net of fee at ₹50,000/mo spend · pays in Axis Bank Cashback at ₹1.00 · ₹0 — lifetime free
7 Axis Bank SuperMoney RuPay ₹6,000 1.00% net of fee at ₹50,000/mo spend · pays in Axis Bank Cashback at ₹1.00 · ₹0 — lifetime free
8 Utkarsh superCard ₹6,000 1.00% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹0 — lifetime free
9 RBL Paisabazaar Duet ₹6,000 1.00% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹0 — lifetime free
10 YES PaisaSave ₹6,000 1.00% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹0 joining, then ₹499/yr
11 YES PaisaSave RuPay ₹6,000 1.00% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹0 — lifetime free
12 IDFC FIRST Quantum+ ₹6,000 1.00% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹0 — lifetime free
13 SBM MobiKwik First Credit Card ₹6,000 1.00% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹0 — lifetime free
14 Paisabazaar Paisa Plus Credit Card ₹6,000 1.00% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹0 joining, then ₹499/yr
15 Standard Chartered Smart ₹6,000 1.00% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹499/yr
the other 67 cards — ranks 16 to 82 fold the other 67 back up
# Card net ₹/yr at ₹50,000/mo The math
16 Flipkart SBI Card ₹6,000 1.00% net of fee at ₹50,000/mo spend · pays in SBI Card Cashback at ₹1.00 · ₹500/yr
17 Swiggy Ornge HDFC Bank Credit Card ₹6,000 1.00% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹500/yr
18 Swiggy HDFC Bank Credit Card ₹6,000 1.00% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹500/yr
19 Airtel Axis Bank Credit Card ₹6,000 1.00% net of fee at ₹50,000/mo spend · pays in Axis Bank Cashback at ₹1.00 · ₹500/yr
20 CASHBACK SBI Card ₹6,000 1.00% net of fee at ₹50,000/mo spend · pays in SBI Card Cashback at ₹1.00 · ₹999/yr
21 Swiggy BLCK HDFC Bank Credit Card ₹6,000 1.00% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹1,000/yr
22 IDFC FIRST Hello Cashback ₹6,000 1.00% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹1,000/yr
23 AU SPONT Credit Card ₹5,701 0.95% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹299/yr
24 BOBCARD Cashback ₹5,501 0.92% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹499/yr
25 HSBC RuPay Cashback ₹4,800 0.80% net of fee at ₹50,000/mo spend · pays in HSBC Cashback at ₹1.00 · ₹499/yr
26 Axis Bank Cashback ₹4,500 0.75% net of fee at ₹50,000/mo spend · pays in Axis Bank Cashback at ₹1.00 · ₹1,000/yr
27 DCB PayLess Select Credit Card ₹4,000 0.67% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹0 joining, then ₹1,000/yr
28 PVR INOX Kotak ₹3,101 0.52% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹0 joining, then ₹499/yr
29 Suryoday SFB RuPay Platinum ₹3,000 0.50% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹0 joining, then ₹150/yr
30 Suryoday SFB RuPay Select ₹3,000 0.50% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹0 joining, then ₹150/yr
31 IndusInd Samman RuPay ₹2,400 0.40% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹0 joining, then ₹199/yr
32 Utkarsh Wish Credit Card ₹2,400 0.40% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹0 — lifetime free
33 AU InstaPay RuPay Credit Card ₹1,200 0.20% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹0 — lifetime free
34 AU Altura Credit Card ₹1,200 0.20% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹199/yr
35 DCB PayLess Platinum Credit Card ₹1,000 0.17% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹0 joining, then ₹350/yr
36 Unity Bank BharatPe Credit Card ₹12,000 2.00% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹0 — lifetime free · the desk's own verdict is downgrade
37 YES BANK EMI ₹6,000 1.00% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹499/yr · the desk's own verdict is cancel
38 Flipkart Axis Bank Credit Card ₹6,000 1.00% net of fee at ₹50,000/mo spend · pays in Axis Bank Cashback at ₹1.00 · ₹500/yr · the desk's own verdict is downgrade
39 YES Bank BYOC (Cashback) ₹4,812 0.80% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹1,188/yr · the desk's own verdict is downgrade
40 RBL Paisabazaar Duet Plus ₹3,600 0.60% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹1,499/yr · the desk's own verdict is downgrade
41 YES Prosperity Cashback+ ₹3,001 0.50% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹1,499/yr · the desk's own verdict is cancel
42 IDFC FIRST EA₹N ₹3,000 0.50% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹499/yr · the desk's own verdict is downgrade
43 YES Prosperity Cashback ₹2,001 0.33% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹999/yr · the desk's own verdict is cancel
44 Paisabazaar Step-Up SBM Credit Card ₹1,500 0.25% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹0/yr · ₹500 joining (one-time) · the desk's own verdict is downgrade
45 DBS Vantage −₹8,000 −1.33% net of fee at ₹50,000/mo spend · pays in DBS Vantage Points at ₹1.00 · ₹20,000/yr · the desk's own verdict is downgrade
46 Hutch Citibank Credit Card ₹12,000 2.00% net of fee at ₹50,000/mo spend · pays in Citibank Hutch Talk Points at ₹1.00 · ₹0 — lifetime free · closed to new applicants
47 Paytm SBI Card SELECT ₹12,000 2.00% net of fee at ₹50,000/mo spend · pays in Paytm SBI Card Reward Points at ₹1.00 · ₹1,499/yr · availability not published
48 PhonePe SBI Card SELECT BLACK ₹11,000 1.83% net of fee at ₹50,000/mo spend · pays in PhonePe SBI Card Reward Points at ₹1.00 · ₹1,499/yr · availability not published
49 Google Pay Flex SBI Card ₹9,600 1.60% net of fee at ₹50,000/mo spend · pays in Google Pay Stars at ₹1.00 · ₹499/yr · availability not published
50 Myntra Kotak ₹9,500 1.58% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹500/yr · closed to new applicants
51 RBL Signature Banking ₹9,500 1.58% net of fee at ₹50,000/mo spend · pays in RBL Cashback at ₹1.00 · ₹2,500/yr · invite-only — not on open application
52 PhonePe SBI Card PURPLE ₹9,000 1.50% net of fee at ₹50,000/mo spend · pays in PhonePe SBI Card Reward Points at ₹1.00 · ₹499/yr · availability not published
53 Best Price Save Smart HDFC Bank ₹9,000 1.50% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹500/yr · closed to new applicants
54 RBL Aspire Banking ₹9,000 1.50% net of fee at ₹50,000/mo spend · pays in RBL Cashback at ₹1.00 · ₹1,500/yr · invite-only — not on open application
55 PVR Kotak Platinum ₹8,601 1.43% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹0 joining, then ₹999/yr · closed to new applicants
56 RBL Edition Black ₹8,000 1.33% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹1,499/yr · closed to new applicants
57 Utkarsh Eternal Credit Card ₹7,500 1.25% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹0 joining, then ₹1,999/yr · invite-only — not on open application
58 Utkarsh Rhodium Credit Card ₹7,500 1.25% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹0 joining, then ₹4,999/yr · invite-only — not on open application
59 Dhi CUB Visa Signature ₹7,500 1.25% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹0 — lifetime free · invite-only — not on open application
60 AU Xcite Ace Credit Card ₹7,200 1.20% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹749/yr · invite-only — not on open application
61 DBS Altitude ₹7,001 1.17% net of fee at ₹50,000/mo spend · pays in DBS Vantage Points at ₹1.00 · ₹4,999/yr · invite-only — not on open application
62 Amazon Pay ICICI Bank ₹6,000 1.00% net of fee at ₹50,000/mo spend · pays in Amazon Pay balance at ₹1.00 · ₹0 — lifetime free · invite-only — not on open application
63 Utkarsh SmartGen Credit Card ₹6,000 1.00% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹0 joining, then ₹199/yr · invite-only — not on open application
64 IB-VISA-Gold ₹6,000 1.00% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹0 joining, then ₹250/yr · availability not published
65 IB-VISA-Platinum ₹6,000 1.00% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹0 joining, then ₹250/yr · availability not published
66 IB-RuPay-Platinum ₹6,000 1.00% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹0 joining, then ₹250/yr · availability not published
67 IB-RuPay-Select ₹6,000 1.00% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹0 joining, then ₹250/yr · availability not published
68 Maruti Suzuki AutoCard ₹6,000 1.00% net of fee at ₹50,000/mo spend · pays in Citibank Maruti Auto Points at ₹1.00 · ₹0 — lifetime free · closed to new applicants
69 Axis Bank Freecharge Plus ₹6,000 1.00% net of fee at ₹50,000/mo spend · pays in Axis Bank Cashback at ₹1.00 · ₹350/yr · invite-only — not on open application
70 Paytm SBI Card ₹5,501 0.92% net of fee at ₹50,000/mo spend · pays in Paytm SBI Card Reward Points at ₹1.00 · ₹499/yr · availability not published
71 ABN AMRO One ₹5,405 0.90% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹295 joining, then ₹595/yr · closed to new applicants
72 SBI Maruti Card ₹4,800 0.80% net of fee at ₹50,000/mo spend · pays in SBI Maruti Auto Points at ₹1.00 · ₹500/yr · closed to new applicants
73 SBI Railway Card ₹4,500 0.75% net of fee at ₹50,000/mo spend · pays in SBI Railway Points at ₹1.00 · ₹500 joining, then ₹300/yr · closed to new applicants
74 PVR Kotak Gold ₹4,301 0.72% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹0 joining, then ₹499/yr · closed to new applicants
75 ABN AMRO Titanium One ₹4,000 0.67% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹500 joining, then ₹2,000/yr · closed to new applicants
76 Citi Titanium Cash Rewards Credit Card ₹2,500 0.42% net of fee at ₹50,000/mo spend · pays in Citibank Cash Reward Points at ₹1.00 · ₹0 joining, then ₹500/yr · closed to new applicants
77 IOB Gold Credit Card ₹1,200 0.20% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹0 — lifetime free · closed to new applicants
78 IOB Classic Credit Card ₹1,200 0.20% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹0 — lifetime free · closed to new applicants
79 IB-VISA-Bharat ₹0 0.00% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹0 — lifetime free · availability not published
80 IB-RuPay-Classic ₹0 0.00% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹0 joining, then ₹250/yr · availability not published
81 HDFC Bank Bharat ₹0 0.00% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹500/yr · closed to new applicants
82 Kotak Delight Platinum −₹299 −0.05% net of fee at ₹50,000/mo spend · pays in Statement cashback (₹) at ₹1.00 · ₹1,999 joining, then ₹299/yr · availability not published

Sold as cashback, not a rupee at par

127 cards, each with the reason fold the 127 back up
  • IDFC FIRST Private — pays IDFC FIRST Reward Points, worth ₹0.25–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • IDFC FIRST Gaj — pays IDFC FIRST Reward Points, worth ₹0.25–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • IDFC FIRST Mayura — pays IDFC FIRST Reward Points, worth ₹0.25–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • IDFC FIRST Ashva — pays IDFC FIRST Reward Points, worth ₹0.25–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Standard Chartered Beyond — pays StanC 360° Reward Points, worth ₹0.75–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Standard Chartered Ultimate — pays StanC 360° Reward Points, worth ₹0.75–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • IDFC FIRST Diamond Reserve — pays IDFC FIRST Reward Points, worth ₹0.25–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Standard Chartered Priority Visa Infinite — pays StanC 360° Reward Points, worth ₹0.75–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • HSBC Taj — pays Taj Reward Points, worth ₹0.55–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Tata Neu Infinity HDFC Bank — pays Tata NeuCoins, worth ₹0.50–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Tata Neu Infinity SBI Card — pays Tata NeuCoins, worth ₹0.50–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Equitas PowerMiles — pays Equitas PowerMiles Points, worth ₹0.25–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Equitas Selfe Credit Card — pays Equitas Selfe Reward Points, worth ₹0.15–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Adani One ICICI Bank Signature — pays Adani Reward Points, worth ₹0.25–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Adani One ICICI Bank Platinum — pays Adani Reward Points, worth ₹0.25–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • IDFC FIRST WOW! Black — pays IDFC FIRST Reward Points, worth ₹0.25–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • IDFC FIRST WOW! — pays IDFC FIRST Reward Points, worth ₹0.25–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Tata Neu Plus HDFC Bank — pays Tata NeuCoins, worth ₹0.50–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Tata Neu Plus SBI Card — pays Tata NeuCoins, worth ₹0.50–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • MakeMyTrip ICICI Bank — pays MakeMyTrip myCash, worth ₹0.60–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Paytm HDFC Bank Select — pays HDFC Bank CashPoints, worth ₹0.15–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • MakeMyTrip ICICI Bank Platinum — pays MakeMyTrip myCash, worth ₹0.60–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Kotak White — pays Kotak White Pass, worth ₹0.70–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Kotak Zen Signature — pays Kotak Reward Points, worth ₹0.10–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Kotak White Reserve — pays Kotak White Pass, worth ₹0.70–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Kotak NRI Royale Signature — pays Kotak Reward Points, worth ₹0.10–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Standard Chartered Rewards — pays StanC 360° Reward Points, worth ₹0.75–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • HDFC PIXEL Go — pays HDFC Bank CashPoints, worth ₹0.15–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • IDFC FIRST Wealth — pays IDFC FIRST Reward Points, worth ₹0.25–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • IDFC FIRST Select — pays IDFC FIRST Reward Points, worth ₹0.25–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • IRCTC SBI Card Premier — pays IRCTC Reward Points, worth ₹0.25–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • IRCTC SBI Platinum Card — pays IRCTC Reward Points, worth ₹0.25–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • ICICI Sapphiro — pays ICICI Reward Points, worth ₹0.25–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • ICICI Bank Rubyx — pays ICICI Reward Points, worth ₹0.25–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • ICICI Bank Emeralde — pays ICICI Reward Points, worth ₹0.25–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • IRCTC HDFC Bank Credit Card — pays IRCTC HDFC Bank Reward Points, worth ₹0.50–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • IRCTC RBL Bank Credit Card — pays IRCTC Reward Points, worth ₹0.25–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • ICICI Bank Coral — pays ICICI Reward Points, worth ₹0.25–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • ICICI Bank Expressions — pays ICICI Reward Points, worth ₹0.25–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • ICICI Bank HPCL Super Saver — pays ICICI Reward Points, worth ₹0.25–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Kotak League Platinum — pays Kotak Reward Points, worth ₹0.10–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • LIC Axis Bank Signature — pays LIC Axis Bank Reward Points, worth ₹0.95–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • HDFC Bank Millennia — pays HDFC Bank CashPoints, worth ₹0.15–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • HDFC Bank PIXEL Play — pays HDFC Bank CashPoints, worth ₹0.15–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • HDFC Bank Freedom — pays HDFC Bank CashPoints, worth ₹0.15–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • IDFC FIRST Millennia — pays IDFC FIRST Reward Points, worth ₹0.25–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • IDFC FIRST Classic — pays IDFC FIRST Reward Points, worth ₹0.25–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • LIC IDFC FIRST Select — pays IDFC FIRST Reward Points, worth ₹0.25–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • IDFC FIRST HPCL Power+ — pays IDFC FIRST Reward Points, worth ₹0.25–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • IDFC FIRST SWYP — pays IDFC FIRST Reward Points, worth ₹0.25–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Apollo SBI Card SELECT — pays Apollo Health Credits, worth ₹0.60–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • CRED IndusInd Bank RuPay Credit Card — pays CRED Reward Points, worth ₹0.50–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Standard Chartered Super Value Titanium — pays StanC 360° Reward Points, worth ₹0.75–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Paytm HDFC Bank Digital — pays HDFC Bank CashPoints, worth ₹0.15–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Paytm HDFC Bank Mobile — pays HDFC Bank CashPoints, worth ₹0.15–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Kotak Cashback+ — pays Kotak Reward Points, worth ₹0.10–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Kotak Cashback+ Prime — pays Kotak Reward Points, worth ₹0.10–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Paytm HDFC Bank — pays HDFC Bank CashPoints, worth ₹0.15–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Kotak UPI RuPay — pays Kotak Reward Points, worth ₹0.10–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • ICICI Bank HPCL Coral Credit Card — pays ICICI Reward Points, worth ₹0.25–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • HDFC Bank UPI RuPay — pays HDFC Bank CashPoints, worth ₹0.15–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • ICICI Bank Platinum Chip Credit Card — pays ICICI Reward Points, worth ₹0.25–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • IndianOil Kotak Credit Card — pays Kotak Reward Points, worth ₹0.10–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • HDFC Bank MoneyBack+ — pays HDFC Bank CashPoints, worth ₹0.15–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • LIC Axis Bank Platinum — pays LIC Axis Bank Reward Points, worth ₹0.95–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • ICICI Bank Parakram — pays ICICI Reward Points, worth ₹0.25–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • ICICI Bank Parakram Select — pays ICICI Reward Points, worth ₹0.25–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • ICICI Bank Coral against FD — pays ICICI Reward Points, worth ₹0.25–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • ICICI Bank Rubyx against FD — pays ICICI Reward Points, worth ₹0.25–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Kotak811 Dream Different — pays Kotak Reward Points, worth ₹0.10–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • ICICI Bank NRI Coral — pays ICICI Reward Points, worth ₹0.25–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • ICICI Bank NRI Sapphiro — pays ICICI Reward Points, worth ₹0.25–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • HDFC Bank UPI RuPay Mega Saver — pays HDFC Bank CashPoints, worth ₹0.15–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • YES Bank POP-CLUB — pays POPcoins, worth ₹0.10–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Kotak 811 Credit Card — pays Kotak Reward Points, worth ₹0.10–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • LIC IDFC FIRST Classic — pays IDFC FIRST Reward Points, worth ₹0.25–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • IDFC FIRST HPCL Power — pays IDFC FIRST Reward Points, worth ₹0.25–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Standard Chartered Platinum Rewards — pays StanC 360° Reward Points, worth ₹0.75–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Standard Chartered Manhattan — pays StanC 360° Reward Points, worth ₹0.75–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • CUB CSK Master Platinum — pays City Union Bank Reward Points, worth ₹0.50–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • CUB SRH Master Platinum — pays City Union Bank Reward Points, worth ₹0.50–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • CUB CSK RuPay Platinum — pays City Union Bank Reward Points, worth ₹0.50–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • CUB SRH RuPay Platinum — pays City Union Bank Reward Points, worth ₹0.50–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • CUB CSK Master World — pays City Union Bank Reward Points, worth ₹0.50–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • CUB SRH Master World — pays City Union Bank Reward Points, worth ₹0.50–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Equitas Selfe Secured — pays Equitas Selfe Reward Points, worth ₹0.15–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Equitas PowerMiles Secured — pays Equitas PowerMiles Points, worth ₹0.25–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • KVB Eternis Credit Card — pays KVB Reward Points, worth ₹0.85–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Equitas Tiga — pays Equitas Tiga Reward Points, worth ₹0.10–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Apollo SBI Card — pays Apollo Health Credits, worth ₹0.60–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Equitas Tiga Secured — pays Equitas Tiga Reward Points, worth ₹0.10–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Kotak Infinite — pays Kotak Reward Points, worth ₹0.10–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • MakeMyTrip ICICI Bank Signature — pays MakeMyTrip myCash, worth ₹0.60–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Kotak Royale Signature — pays Kotak Reward Points, worth ₹0.10–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Kotak Privy League Signature — pays Kotak Reward Points, worth ₹0.10–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Kotak Mojo Platinum — pays Kotak Reward Points, worth ₹0.10–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Chennai Super Kings ICICI Bank — pays ICICI Reward Points, worth ₹0.25–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • HDFC Bank Easy EMI — pays HDFC Bank CashPoints, worth ₹0.15–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Kotak Veer Select — pays Kotak Reward Points, worth ₹0.10–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Kotak Veer Platinum — pays Kotak Reward Points, worth ₹0.10–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Kotak Urbane Gold — pays Kotak Reward Points, worth ₹0.10–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Kotak Essentia Platinum — pays Kotak Reward Points, worth ₹0.10–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Kotak Feast Gold — pays Kotak Reward Points, worth ₹0.10–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Standard Chartered Landmark Rewards Platinum — pays StanC 360° Reward Points, worth ₹0.75–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Standard Chartered Bandhan One — pays StanC 360° Reward Points, worth ₹0.75–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Standard Chartered Bandhan Plus — pays StanC 360° Reward Points, worth ₹0.75–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Standard Chartered Bandhan Xclusive — pays StanC 360° Reward Points, worth ₹0.75–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Standard Chartered Platinum Elite — pays StanC 360° Reward Points, worth ₹0.75–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Standard Chartered Bajaj Finserv Platinum — pays StanC 360° Reward Points, worth ₹0.75–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Standard Chartered Bajaj Finserv World — pays StanC 360° Reward Points, worth ₹0.75–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Delhi Metro Citibank — pays Citibank Reward Points, worth ₹0.35–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Kotak Solaris Platinum — pays Kotak Reward Points, worth ₹0.10–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Citibank Platinum Credit Card — pays Citibank Reward Points, worth ₹0.35–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Citibank Gold Credit Card — pays Citibank Reward Points, worth ₹0.35–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Citibank Silver Credit Card — pays Citibank Reward Points, worth ₹0.35–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Citibank Woman's Credit Card — pays Citibank Reward Points, worth ₹0.35–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • CRY Citibank Credit Card — pays Citibank Reward Points, worth ₹0.35–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • WWF Citibank Credit Card — pays Citibank Reward Points, worth ₹0.35–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • MTV Citibank Credit Card — pays Citibank Reward Points, worth ₹0.35–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Reliance Gold Credit Card — pays Citibank Reward Points, worth ₹0.35–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Reliance Silver Credit Card — pays Citibank Reward Points, worth ₹0.35–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Citibank Rewards Domestic Credit Card — pays Citibank Reward Points, worth ₹0.35–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • RBL Bank Practo Plus Credit Card — pays Practo HealthCash, worth ₹0.60–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Easyday Kotak Titanium Card — pays Kotak Reward Points, worth ₹0.10–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • Easyday Kotak Silver Card — pays Kotak Reward Points, worth ₹0.10–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • LIC Axis Bank Titanium — pays LIC Axis Bank Reward Points, worth ₹0.95–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee
  • LIC Axis Bank Gold — pays LIC Axis Bank Reward Points, worth ₹0.95–₹1.00 depending on which redemption you pick — a point that can be a rupee, not a rupee

How is this ranking computed?

WHO IS ON THE BOARD is computed, never curated: the card's reward currency is marked at ₹1.00 on our valuation index with a ₹1.00 floor AND a ₹1.00 ceiling — a rupee at par, with no redemption that pays more and none that pays less — and the card has no live transfer route into any airline or hotel programme, so the money is the whole story. A card whose points merely CAN reach a rupee (HDFC CashPoints are ₹1.00 against the statement and ₹0.30 on SmartBuy) is not on the board; it is named underneath with its real band. THE RANKING is net annual value at ₹50,000 a month of spend — the netAnnualValue engine the card pages and the calculator use, with real earn tiers, monthly caps, milestones and monthly bonuses priced in and the fee subtracted (waived where the spend clears the issuer's bar). Deliberately NOT the ranking engine behind /compare, which credits ~20% of spend at each card's best accelerator and reads higher for the same card. Welcome bonuses and first-year fee offers are out: we rank the card you hold in year two. The reference spend is stated rather than assumed because it decides the answer — at ₹3L a month the caps on these cards have long since bound, and the board would reward earning that never happens.

Same engines as the calculator, the optimizer and the lounge map. When the data moves, this page moves — see the tracker.

Straight answers

How many cards are in this cashback ranking?

82 of the 973 Indian personal cards on the desk are ranked here. 127 are listed unranked with the computed reason — sold as cashback, not a rupee at par — because a card we can't rank honestly gets named, not hidden. A further 328 are carried but not valued at all — 51 with no annual fee any issuer document states, 231 whose issuer has not published how the card earns, 46 with neither — because scoring an unknown as ₹0 is a claim, not a gap. Business and corporate cards are ranked apart from these: 70 priced ones sit on /best/business, because pricing an MSME card against a personal wallet answers a question nobody asked (ADR 0012).

How up to date is this list?

The records behind this board — the card records this ranks and the marks on the money currencies they pay in — carry re-verification dates from 21 Jul 2026 to 25 Sept 2026; the board is recomputed from them on every build. Nothing on this page is typed by hand: the podium, the table and the numbers in this answer are all recomputed from those records every time the site builds, so a devaluation moves the ranking the day we log it.

Which cashback credit cards in India have no annual fee?

19 of the 82 ranked here are lifetime free. The best on net ₹/yr at ₹50,000/mo is Google Pay Flex Axis Bank at ₹9,600. It is also this board's call outright: the top of this list costs nothing.

Is Google Pay Flex Axis Bank better than Axis Bank ACE?

On what this board ranks — net ₹/yr at ₹50,000/mo — yes: ₹9,600 against ₹9,000. That is the whole claim, and a narrow one. No card wins overall: 23 boards, 23 questions.

More best-of calls

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