All categories
Category

Best credit cards for cashback in India (June 2026)

Up to 7% effective8 cards ranked

The Axis Bank Reserve earns 7% effective return on cashback. 7 other cards rank below.

Cards ranked for cashback

By effective return
miles · base rate fallback · excl. rent, fuel, utility, insurance, wallet load, education, govt payments
7%
cap: none
Verified
reward points · base rate fallback
6%
cap: none
Verified
cashback · base rate fallback
5%
cap: ₹2,000/mo
Verified
miles · base rate fallback · excl. rent, fuel, utility, insurance
4%
cap: none
Verified
cashback · base rate fallback
3.8%
cap: ₹5,000/mo
Approximate
reward points · base rate fallback
3.3%
cap: none
Approximate
reward points · base rate fallback · excl. rent, fuel, wallet load, tax, emi, education, govt
3.3%
cap: none
Verified
cashback · base rate fallback · excl. fuel, rent, utility, insurance, wallet load, govt payments
3.3%
cap: none
Verified

About cashback rewards

Cards that return value as direct cashback rather than reward points. The Axis Bank Reserve leads for cashback today at 7% effective return.

What you would earn

Example calculation
A ₹1,200 cashback purchase
₹84 reward
Axis Bank Reserve, 7% effective miles.

Frequently asked

2 questions
Which credit card earns the most on cashback in India?
The Axis Bank Reserve earns 7% effective return on cashback, the highest of the 8 cards Tapwise tracks in this category.
How often does Tapwise update cashback reward data?
Reward rules are re-checked weekly against issuer documents. The "verified" badge on a card means the rule was hand-reviewed; "approximate" means our team is still finalising it and we use conservative defaults so users see at least as much reward as we promise.