Cash back cards in India: ‘Earn while you spend’

Standard

Have you ever heard that you’ll get money for your spending? Or you’ll be paid more as you are going to spend more?

Irony? Isn’t it?

But, it’s true. As you’ll purchase more from your credit card, you’ll be paid more as cash back by the service provider. Whether it be a retail shopping, groceries, fuel, movie tickets, travel expenses and many more, the service provider i.e. your financial institution that have provided you with a credit card will pay you some amount of money from your expenses as a cash back. Isn’t it surprising?

So, now ‘Earn while you spend’ through your credit cards. Let’s discuss some top 10 credit cards offering cash back facility to their customers. Take a look below:

Citi Bank Cash back credit card: Citi bank is one of the renowned bank having its branches in India. And having its credit card is one among the difficult tasks as per its stringent and high end eligibility criteria. But, if you have its credit card then, you are going to definitely avail the following cash back facilities like:

If you are going to purchase movie tickets using Citi Bank cash back credit card, then you’ll get a cash back of 5% on the amount of bill you have paid.

If you are going to pay telephone bill using Citi Bank cash back credit card, then you’ll get a cash back of 5% on the amount of bill you have paid.

If you are going to pay utility bills through online using Citi Bank cash back credit card, then you’ll get a cash back of 5% on the amount of bill you have paid.

Standard Chartered Titanium card/Standard chartered Bajaj Allianz card: Standard chartered as laid its branches in India with a huge acquisition of market share and customer focus. It also gives a cash back offers and utility for its customers, who are using Standard chartered Titanium card for their purchases and bill payments. Let’s take a look at its cash back facilities:

If you are going to fill petrol in your vehicle using Standard Chartered Titanium Card, then you’ll get 5% cash back in all petrol pumps.

If you are going to pay all your telecom bills of any telecom provider, you’ll be entitled to 5% cash back on the amount you have paid using your Standard chartered titanium card.

For all other retail transactions, you’ll get 1% cash back.

SBI Gold card: SBI is the top public sector bank in India with renowned name and fame. Providing you with world class benefits, SBI also provides you with SBI gold card which gives you a facility of cash back:

If you are making purchases from departmental stores and groceries, then you’ll be entitled to 2% cash back.

If you are going to pay utility bills through online using SBI cash back credit card, then you’ll get a cash back of 2% on the amount of bill you have paid.

ICICI Bank Travel smart card: ICICI Bank is one of the top 3 private sector banks offering promised services to its customers. It has also stepped in as one of the main service providers for credit card. It has a cash back credit card called as ICICI bank travel smart card which gives cash back on the following transactions:

If you are booking any domestic or international flight travel from makemytrip.com, then you’ll be entitled to 10% of cash back on the base fare amount.

HDFC Bank value plus credit card: HDFC Bank is one of the top 3 private sector banks and offers very competitive services and products to its customers. One of its products is cash back credit cards. Let’s find out what it offers in this:

If you are spending on any retail outlets and products, you’ll get up to 5% cash back.

If you are spending for railways, hospitals, medical stores, then you’ll get a 5% cash back.

If you are spending in any departmental stores, supermarkets, restaurants, then you’ll get 1.50% as a cash back.

For all other retail spending, you’ll get 0.50% as a cash back.

If you are spending for fuel at Bharat petroleum pumps, then you’ll be entitled to 2.5% of cash back.

HDFC Bank Women’s Gold credit card: HDFC Bank has also come up with a special card for women. Let’s find out its cash back facilities:

On your all monthly household purchases, you’ll get 5% cash back.

On getting your vehicle filled with fuel, you’ll be entitled to 2.5% of cash back.

American Express Gold credit card: American Express Bank is specialized in credit cards and one of its specialty is American Express Gold credit card which gives you cash back facility:

On each of your spending through American Express Gold credit card, you’ll get 2% cash back.

ABN AMRO Titanium one card: ABN AMRO is a Dutch bank which have laid its roots in India by providing all round services in banking. Its cash back credit card offers variety of cash back facilities. Let’s discuss them:

For the spending between 5001 – 10000 INR, you’ll get a cash back of 1%

For the spending of more than 10000 INR, you’ll get a cash back of 1.5%

For the spending in utility bill payments, you’ll get a cash back of 2%

For the spending in International retail, you’ll get a cash back of 1%

For the spending in International cash, you’ll get a cash back of 1%

For the spending in Interest, you’ll get a cash back of 5%

ABN AMRO one card: There is one more cash back credit card offered by ABN AMRO Bank and i.e. ABN AMRO one card. Let’s discuss its cash back features:

For the spending up to INR 5000, you’ll get a cash back of 1%

For the spending between 5001 – 10000 INR, you’ll get a cash back of 1.5%

For the spending of more than 10000 INR, you’ll get a cash back of 2%

For the spending in utility bill payments, you’ll get a cash back of 2%

For the spending in International retail, you’ll get a cash back of 1%

For the spending in International cash, you’ll get a cash back of 1%

For the spending in Interest, you’ll get a cash back of 1%

Note: All the rates provided above are subject to change. Individuals need to check it from time to time.

Therefore, these are the offers made by different banks on their cash back credit cards. Now, grab one and get the cash back for your every spending. Go shopping!