The festive season is here, bringing along exciting deals and discounts. If you’re eager to snag the best bargains on your favorite gadgets or festive attire, a bit of strategic planning can go a long way in saving you some money. Wondering how? Enter cashback credit cards – your ticket to earning back a portion of the money you spend, either in the form of direct cash returns or as valuable reward points. This Article is about Top 7 Credit Cards Offering Exclusive Cashback Deals This Diwali 2023, Maximize Your Festive Savings
With a cashback credit card, when you make a purchase, you receive a percentage of the amount spent as cashback. Most credit card providers deposit this earned amount directly into your account, visible in your monthly credit card statement. This cashback proves handy in trimming down your overall credit card bill. Additionally, some lenders sweeten the deal by offering reward points or cash points for each expenditure, which you can later redeem or utilize for discounts on future purchases.
Ideal for regular shoppers, cashback credit cards offer rewards for every transaction. Whether it’s cashback or reward points, these perks can be redeemed for cash, discounts, or vouchers, adding extra value to your shopping experience.
Paisabazaar has curated a list of 7 top-notch cashback credit cards that promise generous cashback or rewards, both for online and offline shopping. Sachin Vasudeva, Director & Head of Cards at Paisabazaar, sheds light on the selection process, stating, “We narrowed down these cards based on their consistent cashback rates and rewards within their preferred categories. Most of these cards are entry-level with a low annual fee, making them accessible to a wide range of users.”
Top 7 Credit Cards Offering Exclusive Cashback Deals This Diwali 2023, Maximize Your Festive Savings
Flipkart Axis Bank Credit Card
Annual Fee: Rs. 500
Fee Waiver: Waived off on annual spends of Rs 3.5 lakh.
Cashback and rewards
a) 5% cashback on Flipkart.
b) 4% cashback on Cleartrip, cult.fit, PVR, Swiggy, TATA PLAY & Uber.
c) 1.5% cashback on other categories
Amazon ICICI Credit Card
Annual Fee: Nil
Cashback and Rewards Breakdown:
a) Enjoy a 5% cashback on all Amazon purchases exclusively tailored for Prime members.
b) Non-Prime members still benefit with a 3% cashback on their Amazon purchases.
c) Earn a 2% cashback on a diverse range of transactions, including flight bookings, recharges, bill payments, gift cards, and expenditures at Amazon Pay partner merchants.
d) For all other expenses, receive a 1% cashback, adding value to every transaction.
Reliance SBI Card
Annual Fee: Rs 499
Fee Waiver: The annual fee will be waived if your annual spending reaches Rs 1 lakh.
Cashback and Rewards Structure:
a) Earn 5 reward points for every Rs 100 spent at participating Reliance Retail stores.
b) Receive 5 reward points for every Rs 100 spent on dining and movie expenses.
c) Gain 1 reward point for every Rs 100 spent on all other retail purchases.
Reliance SBI Card Prime
Annual Fee: Rs 2,999
Fee Waiver: The annual fee is waived if your annual spending reaches Rs 3 lakh.
Cashback and Rewards Highlights:
a) Earn an impressive 10 reward points for every Rs 100 spent at participating Reliance Retail stores.
b) Receive 5 reward points for every Rs 100 spent on dining, movies, entertainment, domestic airline expenses, and international transactions.
c) Gain 2 reward points for every Rs 100 spent on all other retail purchases.
Myntra Kotak Credit Card
Annual Fee: Rs 500
Fee Waiver: The annual fee is exempted upon reaching annual spending of Rs 2 lakh.
Cashback and Rewards Overview:
a) Enjoy an instant 7.5% discount on all transactions across Myntra platforms, with a maximum discount capped at Rs 750 per transaction.
b) Earn a 5% cashback on expenditures at partner merchants such as Swiggy, Swiggy Instamart, PVR, Cleartrip, and Urban Company. Note that the maximum cashback per statement is Rs 1,000.
Swiggy HDFC Credit Card
Annual Fee: Rs. 500
Fee Waiver: The annual fee is exempted for those who achieve annual spends of Rs 2 lakh.
Cashback and Rewards Breakdown:
a) Enjoy a generous 10% cashback on Swiggy, covering food orders, Instamart, Dineout, and Genie.
b) Receive a 5% cashback on online transactions across partner merchants.
c) Gain a 1% cashback on all other expenditures.
Airtel Axis Bank Credit Card
Annual Fee: Rs 500
Fee Waiver: The annual fee is waived for those achieving annual spends of Rs 2 Lakh.
Cashback and Rewards Summary:
a) Enjoy a generous 25% cashback on bill payments for Airtel Mobile, Broadband, WiFi, and DTH made through the Airtel Thanks app.
b) Receive a substantial 10% cashback on utility bill payments via the Airtel Thanks app.
c) Benefit from a 10% cashback on transactions at preferred merchants, including Zomato, Swiggy, and BigBasket.
d) Earn a steady 1% cashback on all other expenditures.
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Important Considerations When Selecting a Cashback Credit Card
a) Be aware that certain cards may have merchant restrictions, limiting cashback earnings to specific platforms.
b) Many credit cards focus on providing enhanced rewards for select categories rather than all expenditures. Consequently, it’s advisable to choose a credit card aligned with your spending patterns.
c) Credit card issuers often include extra perks such as fuel surcharge waivers and complimentary lounge access with cashback credit cards. Ensure you review all available offers, especially those relevant to your usage requirements.
