Cashback Credit Cards in India

Cashback Credit Cards in India
2 min read
3 November 2023

Credit cards are a convenient option for many people as they offer easy access to credit with flexible repayment options. Among the various credit card perks, cashback is a highly valuable reward. By using a cashback credit card, you can earn back a portion of the money you spend on eligible purchases as a refund, potentially resulting in significant monthly and annual cost savings.

Selecting the appropriate cashback credit card or exploring cashback for credit card payments is critical to meet your needs. Some credit cards with high cashback rates may be preferable, while others provide attractive rewards for particular purchases or deals on cashback for credit card payments. Furthermore, certain credit card providers offer unlimited cashback, allowing you to optimise your potential savings.

Cashback offers on Bajaj Finserv co-branded credit cards

Bajaj Finserv has 15+ co-branded credit cards that offer incredible cashback offers. Some of the best offers are listed below

  1. Cashback on groceries
    Groceries are the most significant expense of every household. Thus, saving a portion of your costs is always the best choice. Bajaj Finserv co-branded credit cards give cashback on your grocery expenditure, allowing you to manage your monthly spending better.
  2. Cashback on fuel purchases
    The range of credit cards also helps you save on fuel expenses by offering up to 10% cashback. Besides this, you can also avail yourself of a fuel surcharge waiver.
  3. Cashback on Ola/ Uber transactions
    If you often travel via cabs, you can take advantage of the credit cards’ cashback offers on your travel. You can get 10% cashback by paying for your Ola or Uber trips, saving you a lot of money.

Some of the best cashback credit cards in India

Cashback is always the most popular way to earn cashback rewards and get a refund directly to your bank account. Bajaj Finserv in collaboration with DBS Bank and RBL Bank offers a range of credit cards offering exceptional cashback benefits.

Bajaj Finserv credit card type

Cashback offer

Bajaj Finserv RBL Bank Value Plus SuperCard

10% cashback on fuel purchases.

Bajaj Finserv RBL Bank Travel Easy SuperCard

10% cashback on Ola/ Uber transactions
10% cashback on fuel purchases

Bajaj Finserv RBL Bank Platinum LifeEasy SuperCard

10% cashback on Ola/ Uber transactions
10% cashback on fuel purchases

Benefits of cashback credit cards

If you are looking for a way to save on your expenses and earn valuable rewards, then cashback credit cards may be a great option for you. Here are some of the benefits of using a cashback credit card:

  • Earn cashback on purchases: With a cashback credit card, you can earn a percentage of your spending back as cashback.
  • Save money on purchases: By using your cashback credit card for all your purchases, you can save money on your regular expenses and bills.
  • Redeem rewards quickly: Since cashback rewards appear as a credit on your account statement, you can easily use them to pay off your next credit card bill.
  • No limit on earnings: Unlike reward points, there is no limit to how much cashback you can earn with a cashback credit card.
  • Easy to understand: Cashback credit cards are easy to understand and straightforward, making it easy to monitor your earning and redemption progress.

How to choose the right cashback credit card?

Selecting the right cashback credit card involves thoughtful consideration of your spending patterns and the card's features. Keep these pointers in mind to ensure your cashback card aligns perfectly with your financial goals and lifestyle.

  • Evaluate your spending habits: Consider where you spend the most – be it groceries, fuel, or online shopping.
  • Check cashback categories: Opt for a card with cashback categories that align with your regular expenses to maximise savings.
  • Look beyond the welcome offer: While welcome offers are enticing, focus on long-term benefits and check if the regular cashback rates suit your needs.
  • Annual fee and charges: Assess the annual fee and associated charges. Ensure the cashback benefits outweigh these costs.
  • Redemption process: Choose a card with a straightforward and flexible cashback redemption process, providing convenience.
  • Additional benefits: Explore additional perks like discounts, reward points, or promotional offers that complement the cashback benefits.
  • Credit score requirements: Check the credit score requirements and ensure your eligibility before applying for the card.

How to apply for a Bajaj Finserv co-branded credit card

Applying for a credit card is quick and easy. To obtain a credit card, apply online in a few simple steps.

  1. Click here and enter your mobile number.
  2. Submit the OTP received and check if you have a Bajaj Finserv RBL Bank Credit Card offer.
  3. If you have an offer, avail of your credit card offers.
  4. Get a call from our representative.

Difference between rewards and cashback credit cards

Here is a quick overview of the difference between rewards and cashback benefits.


Rewards credit cards

Cashback credit cards

Earning points

Earn points for each transaction, often in loyalty programs.

Earn a percentage of the purchase amount as cashback.

Redemption options

Redeem points for flights, merchandise, or vouchers.

Redeem cashback directly, offering flexibility.

Complexity of rewards

May have intricate reward structures, including tiered systems.

Simple and straightforward – earn and get cashback.

Bonus categories

Often offer bonus points in specific spending categories.

May provide category-specific cashback rates.

Annual fees

May come with higher annual fees due to extensive rewards.

Annual fees vary, often more straightforward.


Rewards may offer extensive options but with potential limitations.

Cashback provides immediate and flexible savings.

Cashback credit card rewards can provide your monthly budget a much-needed boost. A Bajaj Finserv co-branded credit card lets you earn cash back, saving a percentage of what you spend when you make an eligible purchase online or offline. Thus, a Bajaj Finserv credit card can be a better way to manage your finances.


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Frequently asked questions

How do I apply for a cashback credit card online?

To apply for a cashback credit card online, visit the website of the bank or financial institution issuing the card, like Bajaj Finserv. You can easily apply for Bajaj Finserv co-branded credit cards online in just a few minutes. Simply fill in the application form with your personal and financial details, submit, and wait for approval.

How do I apply for a cashback credit card offline?

You can visit the nearest branch of the bank or financial institution issuing the card and fill in the application form. You will need to provide the same documents as for an online application.

What is a cashback in credit card?

Cashback is a feature on some credit cards that allows you to earn a percentage of the amount spent on purchases back as cash rewards. The cashback amount can be redeemed as a statement credit or used to offset future purchases.

Is having a cashback credit card worth it?

It depends on spending habits and preferences. If you use your credit card frequently for regular purchases, a cashback card can help you save money and earn valuable rewards. However, if you do not use your card often or cannot pay your balance in full each month, a cashback card may not be worth it due to high-interest rates.

How to make the most of the cashback on your credit card?

To make the most of cashback on your credit card, use it for all your regular purchases, read the fine print to understand the conditions and limitations of the cashback program. You must also pay your bills on time to avoid interest charges, and consider using additional promotions and bonus rewards.

Should I get a cashback credit card if I already have a rewards credit card?

If you already have a rewards credit card that you use frequently, a cashback card may not be necessary. However, if you are looking for a different type of reward, such as cashback or prefer the straightforwardness of a cashback program, then having a cashback card can be beneficial. Make sure to weigh the benefits and drawbacks of each credit card to determine which one is right for you.

Which credit card offers more cashback?

Bajaj Finserv co-branded credit cards often offer competitive cashback rewards, varying based on the card type and issuer. Cards like the Bajaj Finserv RBL Bank SuperCard may provide attractive cashback rates on specific categories, catering to diverse spending habits.

Is 5% cash back on a credit card good?

Yes, a 5% cashback rate on a credit card is generally considered excellent, especially if it applies to categories, you frequently spend on, such as groceries, gas, or dining. It can significantly help save money and maximize rewards with responsible credit card usage.

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