For online shopping the question is simple: how much of each rupee comes back, on which platforms, and what fee you pay for it. Flat cashback is easiest to value; accelerated rates on specific platforms only help if you actually shop there.
CardSetu currently lists a curated set of sample cards from participating issuers while the full catalogue is onboarded. Every figure below is read live from that catalogue; it describes the cards listed on CardSetu, not the entire Indian market.
How we picked
Selection criteria
- Card is tagged Shopping or Cashback in the catalogue.
- Ranked by annual fee, lowest first, then by the card's rewards summary.
- We show the fee and income requirement next to every card so you can judge the net value yourself.
Shopping cards on CardSetu
Sorted by annual fee, lowest first.
- Annual fee
- Lifetime free
- Joining fee
- None
- Min. income
- ₹25K/mo
- Annual fee
- ₹499
- Joining fee
- ₹499
- Min. income
- ₹20K/mo
- Annual fee
- ₹499
- Joining fee
- ₹499
- Min. income
- ₹25K/mo
- Annual fee
- ₹500
- Joining fee
- ₹500
- Min. income
- ₹20K/mo
- Annual fee
- ₹750
- Joining fee
- None
- Min. income
- ₹30K/mo
Cashback cards on CardSetu
Sorted by annual fee, lowest first.
- Annual fee
- Lifetime free
- Joining fee
- None
- Min. income
- ₹25K/mo
2. AU Small Finance Bank
AU Switch
Lifetime free
Lounge: 2 domestic lounge visits a quarter when travel feature is enabled
- Annual fee
- Lifetime free
- Joining fee
- None
- Min. income
- ₹30K/mo
- Annual fee
- ₹499
- Joining fee
- ₹499
- Min. income
- ₹25K/mo
4. Axis Bank
Axis Edge Cashback
5% cashback on utility bills and mobile recharges via UPI apps
Lounge: 4 domestic lounge visits per year
- Annual fee
- ₹499
- Joining fee
- ₹499
- Min. income
- ₹25K/mo
What to check before you apply
- Whether cashback is capped per month and whether it is credited as statement credit or points.
- Which platforms get the accelerated rate; a 5% rate on one site is worth less than 1.5% everywhere if you shop widely.
- Whether the annual fee is waived at a spend level you will realistically reach.
How these lists are built: each guide states its own criteria above its list, card facts are read from the CardSetu catalogue at render time, and “best” means best against those criteria among the cards listed on CardSetu. Fees and benefits are indicative and can change; verify with the issuer. Final approval is the issuer’s decision. See how CardSetu compares credit cards.