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5 Best Credit Cards for Low Fees & High Cashback in India (October 2026)

Choosing the right credit card requires a clear understanding of the fee structure and the reward-to-spend ratio. If you want to earn at least 5% cashback on online shopping, food delivery, and utility bill payments, this curated list of top entry-level cashback credit cards in India will help you make an informed decision

1. Amazon Pay ICICI Bank Credit Card

• Joining & Annual Fee: ₹0 (Lifetime Free).

• Key Benefits:

  • 5% Cashback on Amazon India orders for Amazon Prime members.

  • 3% Cashback on Amazon India orders for Non-Prime members.

  • 2% Cashback on utility bills, recharges, and purchases made via Amazon Pay.

  • 1% Cashback on all other eligible retail transactions.

• Redemption: Earnings are automatically credited as Amazon Pay Balance at the end of every billing cycle with no expiration date.

2. SBI Cashback Credit Card

• Joining & Annual Fee: ₹999 + GST (Waived on ₹2 Lakh annual spends).

• Key Benefits:

  • 5% Cashback on online purchases across major merchants (Flipkart, Myntra, Swiggy, etc.).

  • 1% Cashback on offline in-store purchases.

• Capping: 5% cashback is capped at ₹2,000 per statement cycle.

3. Flipkart Axis Bank Credit Card

• Joining & Annual Fee: ₹500 + GST (Waived on ₹3.5 Lakh annual spends).

• Key Benefits:

  • 5% Cashback on Flipkart and Cleartrip spending.

  • 4% Cashback on preferred partner platforms like Swiggy, Uber, and PVR.

  • 1% Cashback on all other eligible retail purchases.

• Redemption: Cashback is automatically adjusted directly against the credit card statement balance.

4. Swiggy HDFC Bank Credit Card

• Joining & Annual Fee: ₹500 + GST (Waived on ₹2 Lakh annual spends).

• Key Benefits:

  • 10% Cashback across Swiggy services (Food Ordering, Instamart, Dineout, Genie).

  • 5% Cashback on online shopping across key categories (Apparel, Electronics, Home Decor, etc.).

  • 1% Cashback on offline and other eligible spends.

• Capping: 10% Swiggy cashback capped at ₹1,500/month; 5% online shopping cashback capped at ₹1,500/month.

5. HSBC Live+ Credit Card

• Joining & Annual Fee: ₹999 + GST (Waived on ₹2 Lakh annual spends).

• Key Benefits:

  • 10% Accelerated Cashback on Grocery purchases, Food Delivery, and Dining.

  • 1.5% Unlimited Cashback on all other eligible retail transactions.

• Capping: 10% accelerated category cashback is capped at ₹1,200 per statement cycle.

Standard Exclusions Across Cards

Most credit cards exclude reward earnings on specific transaction types, such as:

• Fuel purchases

• Digital wallet reloads

• Rent payments

• Government and tax payments

• EMI conversions at checkout

Credit CardAnnual FeePrimary 5% (or higher) Cashback CategoryMonthly Cashback CappingAmazon Pay ICICI Card₹0 (Lifetime Free)5% on Amazon purchases (Prime Members)Uncapped (No Limit)

SBI Cashback Card₹999 + GST5% on online spends across platforms₹2,000 per statement cycle

Flipkart Axis Bank Card₹500 + GST5% on Flipkart & Cleartrip spendsUncapped on Flipkart

Swiggy HDFC Bank Card₹500 + GST10% on Swiggy + 5% on other online spends₹1,500 (Swiggy) + ₹1,500 (Online)

HSBC Live+ Credit Card₹999 + GST10% on Dining, Food Delivery & Groceries₹1,200 per statement cycle

Educational & Financial Disclaimer: The credit card details, annual fees, interest rates, and reward structures mentioned above are for educational and information purposes only. Terms and conditions are subject to change by issuing banks. Readers are advised to verify the latest fees and terms directly on the official bank portal before applying.