Online shopping has become a crucial part of our lives, and with it comes the possibility to save money with cashback credit cards and digital wallets. These tools provide significant savings by offering cashback on your purchases, which is often in addition to the discounts and promotions available. In this article, we’ll examine some of India’s top cashback credit cards and digital wallets, allowing you to optimize your savings every time you spend online.
1. Top Cashback Credit Cards for Online Shopping
Cashback credit cards are an excellent method to earn a percentage of your purchases. The following are some of the greatest choices for internet buyers in India:
1.1. HDFC Bank Millennium Credit Card.
Cashback: 5% cashback on Amazon, Flipkart, and other famous e-commerce websites; 1% on all other online purchases.
Annual fee: is ₹1,000, waived if you spend ₹1,00,000 annually.
Why It Is Great: The HDFC Millennia Credit Card is great for frequent online shoppers, particularly those who use platforms such as Amazon, Flipkart, BigBasket, and Swiggy. The 5% cashback on these big sites makes it one of the best options.
1.2. The Flipkart Axis Bank Credit Card
Cashback: 5% on Flipkart and Myntra, 4% on certain merchants (including Swiggy, Uber, and PVR), and 1.5% on all other transactions.
Annual fee: ₹500.
Why It Is Great: This card is an easy choice for committed Flipkart and Myntra consumers. The 5% cashback on Flipkart ensures huge savings, particularly during discounts such as Flipkart Big Billion Days.
1.3. Amazon Pay, ICICI Credit Card
Cashback: is 5% on Amazon (for Prime members), 3% for non-Prime members, and 2% on Amazon Pay partner businesses.
There is no annual charge.
Why It Is Great: If you shop frequently on Amazon, this card is a great deal, especially for Prime members. Furthermore, the 2% reward on Amazon Pay partner websites broadens its appeal beyond Amazon purchases.
1.4. Citi Cash Back Credit Card
Cashback: 5% on utility bill payments through Citi BillPay, 5% on cinema ticket purchases, and 0.5% on all other transactions.
Annual fee: ₹500.
Why It Is Great: The Citi Cashback Credit Card is ideal for people who frequently pay bills online or purchase movie tickets. While it offers minimal rewards on general transactions, it excels in certain specific sectors.
1.5. SBI SimplyClick Credit Card
Cashback: 10 times rewards on Amazon, BookMyShow, Cleartrip, Lenskart, and UrbanClap. You receive 1 reward point for every ₹100 spent elsewhere.
Annual fee: ₹499.
Why It Is Great: The SimplyCLICK card is ideal for online consumers who often visit the aforementioned partner websites. The 10X reward points are simply redeemable for vouchers or immediate cashback.
2. Top Cashback Digital Wallets for Online Shopping.
In addition to credit cards, digital wallets can boost your savings by providing cashback and benefits. Here are some of the top digital wallets for online shopping:
2.1.Paytm Wallet
Cashback Offers: Paytm frequently provides cashback on a wide range of transactions, including as cellphone recharges, utility bill payments, and online shopping. Look for seasonal deals that provide up to 100% cashback.
Why It Is Great: Paytm has a large merchant base and is approved by practically all major online retail sites, such as Amazon, Flipkart, and Myntra. You may also use Paytm’s Buy Now Pay Later feature to make deferred payments on your purchases.
2.2. Amazon Pay.
Cashback Offers: Earn Amazon Pay balance when you shop on Amazon or use Amazon Pay on third-party websites like Swiggy, BookMyShow, and 1mg. Amazon routinely offers cashback bonuses to Prime subscribers.
Why It Is Great: Amazon Pay’s smooth integration with many online and offline merchants makes it convenient for cashback enthusiasts. You can also link your Amazon Pay ICICI Credit Card to gain additional rewards.
2.3. Google Pay
Cashback Offers: Google Pay provides cashback rewards for UPI payments, bill payments, and purchases from partner websites such as Zomato, Swiggy, and BigBasket.
Why It Is Great: Google Pay is immensely popular in India due to its easy design and extensive adoption. It also offers seasonal payback on utility bills, recharges, and online shopping.
2.4. PhonePe
Cashback Offers: PhonePe provides cashback on a variety of services, including recharges, bill payments, and online shopping at Myntra, Ajio and Ola.
Why It Is Great: PhonePe is widely acknowledged across platforms and seamlessly interacts with Flipkart. Its frequent cashback offers on utilities and e-commerce make it a formidable competitor for astute shoppers.
2.5. MobiKwik
Cashback Offers: Mobikwik is known for its SuperCash function, which allows you to earn up to 5% cashback on various transactions. You can also use it for online shopping, bill payments, and trip reservations.
Why It Is Great: The SuperCash function allows users to earn rewards in many categories and is approved by a large number of online retailers, making it a versatile alternative.
3. Maximizing Savings by Combining Credit Cards and Wallets
To get the most of your online shopping experience, combine rewards credit cards with digital wallets. Here’s how to stack these for more savings:
Stack Cashback Credit Cards with Digital Wallet Offers: For example, you can use the HDFC Millennia Credit Card to receive 5% cashback on Amazon, and if Amazon is running a Pay with Amazon Pay promotion, you can earn even more cashback or points.
Use Wallets for Additional Discounts: Many wallets, like as Paytm and PhonePe, provide additional discounts when you pay with them, even if you use your credit card’s cashback. This double-dip helps you to optimize your savings.
Combine Cashback with Coupons: Always look for additional coupon codes on websites like ValidDeals.in before completing a purchase. When you combine these with your rewards cards and wallets, you get the best of all worlds.
4. Key Tips for Selecting the Right Card or Wallet.
When selecting a cashback credit card or wallet for online shopping, consider the following factors:
Where do you shop the most? If you mostly shop on Flipkart, choose the Flipkart Axis Bank Credit Card. For Amazon, the Amazon Pay ICICI Credit Card is the best option.
Fees and Charges: Some cashback credit cards have yearly fees. Before you commit, make sure that your savings will outweigh the fees.
Redemption Options: Some cards and wallets enable you redeem money for future purchases, while others provide direct cashback. Choose the one that matches your spending habits.
Compatibility: Make sure the wallet or card is widely accepted by the online stores you visit.
Final Thoughts
Whether you’re a frequent online shopper or simply enjoy a good deal, cashback credit cards and digital wallets can help you save money on your purchases. By selecting the proper tools and combining them with the right tactics, you can maximize your savings on each transaction. Don’t forget to check ValidDeals.in for the latest coupons and deals to maximize your savings!
Happy shopping!
