Best Cashback Credit Cards for Online Shopping in India

Online shopping has become a way of life, and choosing the right credit card can make a big difference: more cashback, better rewards, and more value. Here are some of the top cashback credit cards available in India right now — especially for online shoppers — along with when and how to use them.

What to Look for in a Cashback Card for Online Shopping

Before diving into specific cards, here are some criteria you should use to choose wisely:

Merchant coverage: Does the card give extra cashback only on specific e-commerce sites (Amazon, Flipkart, Myntra, etc.), or is cashback broad-based across all online spends?
Cashback rate: Higher is better, but check caps and limits (monthly, category-based).
Fees: Joining fee, annual/renewal fee, and whether that can be waived.
Redemption: Is the cashback directly credited to your card, or converted into points / wallet balance?
Additional benefits: Fuel surcharge waiver, lounge access, partner offers, milestone rewards, etc.

Top Cashback Credit Cards for Online Shopping

Here are some of the best cashback credit cards in India as of 2025, particularly good for online spenders:

1. SBI Cashback Credit Card

Why it’s great for online shopping

Offers 5% cashback on all online spends with no merchant restriction, according to MyBankingTips.
Offline spends get 1% cashback.
Monthly cashback cap: The total cashback (online + offline) is capped at ₹5,000 per month.

Fees

Joining fee: ₹999 + GST
Annual/renewal fee: ₹999 + GST, which can be waived if you spend ₹2 lakh in the preceding year.

Ideal for
Frequent online shoppers who spend heavily across multiple e-commerce platforms, and want a straightforward cashback rate without complicated reward tiers.

2. Amazon Pay ICICI Credit Card

Why it’s great for Amazon shoppers

No joining fee; no annual fee.
Cashback rates:
- 5% cashback (credited as Amazon Pay balance) for Amazon Prime members.
- 3% cashback for non-Prime Amazon users.
- 2% cashback on many partner merchants (Swiggy, BookMyShow, etc.)
- 1% cashback on all other transactions.
Cashback is auto-credited into your Amazon Pay wallet at the end of the billing cycle.

Ideal for
Amazon regulars — especially Prime members — who want seamless cashback that goes back into the Amazon ecosystem.

3. HDFC Millennia Credit Card

Why it’s a solid, versatile pick

Cashback: 5% on major online brands like Amazon, Flipkart, Myntra, Swiggy, Zomato, Uber, and more.
For all other spends (including other online spends), you get 1% cashback.
Other benefits: welcome voucher, EMI facility, fuel surcharge waiver, etc.
Annual Fee: ₹1,000 + taxes.
Fee waiver: Can be waived if you spend ₹1 lakh in a year.

Ideal for
Shoppers who spread online spending across various e-commerce brands (not just Amazon or Flipkart) and want a high cashback rate for those major brands.

4. Flipkart Axis Bank Credit Card

Why it’s good for Flipkart-ecosystem shoppers

Cashback rates:
- 5% on Flipkart & Cleartrip
- 4% cashback with other preferred partners such as Swiggy, Uber, PVR, and more.
- 1.5% (or 1% as per some sources) on all other spends.
Activation bonuses (vouchers) when you sign up.
Fee: ₹500 + GST.
Waiver: The annual fee is waived on spends of ₹3.5 lakh per year.

Recent Changes

As of June 20, 2025, Axis Bank has made some changes: no more airport lounge access, but higher cashback on Myntra.

Ideal for
Loyal Flipkart users, or people who also shop via Cleartrip and partner platforms like Uber, Swiggy, etc., and can meet the spending threshold to justify the annual fee.

5. YES Bank Paisabazaar PaisaSave Credit Card

Why it’s great for broad online cashback

3% cashback on all online spends, with no merchant restrictions. According to Paisabazaar, this is offered as “6 Cashback Points” for every ₹200 spent online.
On offline / other spends: 1.5% cashback (3 Cashback Points per ₹200).
UPI variant: 5% cashback on UPI transactions via the Rupay version.
1 Cashback Point = ₹1. There is no redemption fee when converting points.
Annual Fee: ₹499 + GST, which can be waived if you spend ₹1.2 lakh in a year.

Ideal for
People who want a card that gives good cashback across all online merchants (not just specific brands), without very restrictive categories.

6. Axis Bank ACE Credit Card

Why consider it

While not purely an “online shopping” card, it’s very useful for digital payments and recurring bills: 5% cashback on Google Pay payments (for bills & recharges) according to Indialends.
Also offers 4% cashback on rides and food (Swiggy, Zomato) and 2% on all other spends.
Annual Fee: ₹499 + taxes, but waiver possible on certain spending thresholds.

Ideal for
Users who use Google Pay a lot (for bill payments or recharges), plus those who want decent cashback on food delivery and rides.

Pros and Tradeoffs: What These Cards Mean for You

Pros

High cashback: Several cards deliver very good returns on online spends if used wisely.
No or low annual fee options: Cards like Amazon Pay ICICI are free forever.
Targeted rewards: Cards like Flipkart Axis or HDFC Millennia maximize rewards on your go-to apps.
Flexibility: With a mix of cards, you can maximize cashback across different merchant categories.

Tradeoffs / Things to Watch Out For

Cashback caps: Some cards cap your cashback monthly (e.g., SBI Cashback’s ₹5,000/month).
Annual fee: Some cards charge an annual fee (HDFC Millennia, Axis Flipkart) — you must spend enough to justify it.
Spend thresholds for fee waiver: Fee waiver often comes only after meeting a spend threshold, which might not suit everyone.
Redemption limits: With some cards, the cashback comes as points or Amazon Pay balance — not always direct cash-back to your bank.
Exclusions: Always check the card’s terms for which “online spends” qualify, and whether any categories are excluded.

Tips to Maximize Cashback on Online Shopping

Use the right card for the right merchant: If you often shop on Amazon, use your Amazon Pay ICICI card. For Flipkart/Myntra, use Axis Flipkart.
Track your monthly spending: Keep an eye on whether you’re hitting caps or not.
Combine with bank / merchant offers: During sales (Big Billion Days, etc.), use your cashback card + bank offers to stack benefits.
Pay off the card in full: Avoid paying interest — cashback benefit is best when there is no interest cost.
Re-evaluate annually: Credit card benefits change — look at whether your card’s cashback structure is still optimal.

Final Thoughts

For online shopping in India, cashback credit cards can be a powerful way to save — if you choose the right ones. For Amazon loyalists, Amazon Pay ICICI is a no-brainer. For broader e-commerce spending, HDFC Millennia and YES Paisabazaar PaisaSave provide solid returns. And if you’re a frequent Flipkart + partner app user, the Flipkart Axis Bank Card offers compelling category cashback.

When picking a card, weigh cashback potential against fees and your own spend pattern. Use them strategically, pay off your balance, and you could significantly reduce your effective cost of online purchases.