#FinancialBytes: Best credit cards for earning cash back in India
Credit cards have become an essential part of our lives and are one of the widely-used cashless payment methods. There are different types of credit cards that offer various kinds of benefits but choosing the right one can help save money. Cash back credit cards are becoming popular nowadays as cardholders can save while spending. Here are some good cash back credit cards.
The Citibank Cash Back Credit Card is a good option for earning cash back and rewards on all transactions. Cardholders can earn 5% cash back on movie ticket purchases, telephone and utility bill payments and 0.5% cash back on all other spends. Customers can also enjoy 15% savings across Citibank partner restaurants and hassle-free redemption of cash back in multiples of Rs. 500.
HDFC Bank's MoneyBack Credit Card is another credit card that offers good cashback and rewards for transactions. It has a joining fee of Rs. 500 and an annual fee of Rs. 500. Cardholders can earn 4 reward points for every Rs. 150 spent online (2 points on other spends). Accumulated points can be redeemed as cashback. Customers can enjoy 1% fuel surcharge waiver.
Standard Chartered Manhattan Platinum Credit Card is another good cashback. Cardholders can get 5% cashback on select transactions (at supermarkets). They can also receive 3x rewards for all other spends. Customers can enjoy a host of offers and discounts across shopping, dining, travel, etc. and exclusive deals. They can avail "Kuch Bhi on EMI" for transactions above Rs. 5,000 and Dial-a-Loan facility.
HDFC Bharat Cashback Credit Card is one of the best credit card options for cashback on fuel purchases. It comes with an annual fee of Rs. 500. While it doesn't provide any reward points on transactions, cardholders can enjoy 5% cashback benefits on fuel payments (capped at Rs. 150 per month) and 1% fuel surcharge waiver at any fuel station across the country.