Did you know you could save ₹10,000 a year just by using the right credit card? Choosing the right credit card isn’t just about swiping; it’s about maximizing benefits like cashback, travel rewards, and dining discounts. Among the contenders for the best cashback cards in India, SBI and Axis credit cards stand out. Let’s dive into this battle to help you decide which one suits your needs best.
Cashback Benefits: SBI vs Axis
SBI Cashback Card Review The SBI Cashback Card is tailored for those who want straightforward cashback benefits.
- Cashback Offers: Flat 5% cashback on online spending and 1% on other transactions.
- Annual Fee: ₹499 (waived on spending over ₹2 lakh annually).
- Extra Perks: Zero annual fee credit card options available for eligible customers.
Axis Cashback Credit Card Axis Bank’s cashback credit cards are versatile and reward-heavy.
- Cashback Offers: Up to 4% cashback on dining, travel, and online shopping.
- Annual Fee: ₹500 (first-year fee waiver for new customers).
- Real-Life Scenario: Earn ₹600 monthly cashback when you spend ₹15,000 on groceries and dining.
Travel Credit Card Benefits
SBI Travel Credit Card
If you’re a globetrotter, SBI offers premium travel credit cards in India.
- Rewards: Earn up to 10x reward points on flight bookings.
- Airport Lounges: Access to 6 international lounges annually.
- Additional Benefits: Travel insurance and hotel discounts.
Axis Travel Credit Card
Axis’ travel credit cards shine for frequent flyers.
- Rewards: Convert every ₹100 spent on travel into reward points.
- Airport Lounges: Unlimited domestic lounge access.
- Fuel Cashback: Enjoy a 1% waiver on fuel surcharges.
Dining and Lifestyle Perks
Both banks excel in dining and lifestyle benefits, but here’s how they stack up:
- SBI Cards: Partner discounts on Swiggy and Zomato make it the best credit card for food delivery in India.
- Axis Cards: Earn up to 20% off at premium restaurants, ideal for foodies.
Best Credit Cards for Beginners
If you’re new to credit cards, simplicity is key. SBI and Axis offer credit cards for beginners with low annual fees and easy approval processes when you apply for a credit card online.
SBI SimpleSave Card
- Low joining fee.
- Cashback on daily essentials like groceries and fuel.
Axis My First Card
- No annual fee for the first year.
- Focus on online shopping cashback offers.
How to Maximize Cashback on Credit Cards in India
- Focus on Categories: Choose a card that aligns with your spending habits—fuel, travel, dining, or shopping.
- Combine Cards: Use a travel credit card for flights and a cashback card for groceries.
- Stay Informed: Regularly check credit card cashback offers to maximize savings.
Visual Comparison
| Feature | SBI Cashback Card | Axis Cashback Card |
| Online Spending Cashback | 5% | 4% |
| Dining Discounts | Swiggy, Zomato Offers | 20% at Premium Places |
| Annual Fee | ₹499 (waivable) | ₹500 (waivable) |
| Travel Benefits | Yes | Yes |
| Fuel Surcharge Waiver | Yes | Yes |
Which One Should You Choose?
- For Cashback Lovers: Go for the SBI Cashback Card if you spend heavily on online shopping.
- For Frequent Travelers: The Axis Travel Credit Card wins with its lounge access and fuel cashback.
- For Dining Enthusiasts: Axis’ dining perks make it one of the best credit cards for dining in India.
Final Thoughts
Picking the right credit card is about aligning your financial habits with the benefits offered. Both SBI and Axis provide stellar options for cashback, travel, and dining. Evaluate your priorities and make an informed decision.
Ready to save big? Apply for a credit card online today and unlock the benefits that suit you best!
Share Your Thoughts Which card do you think is the best? Let us know in the comments below and don’t forget to share this blog with your friends who’re on the hunt for the best cashback cards in India!