How to Choose the Best Cashback Credit Card
Picking the right credit card can save you hundreds of rupees every month on online shopping. The best card for you depends on where you shop most and what rewards matter to you. Here's what to consider before applying.
1. Match the Card to Your Shopping Habits
If you shop mostly on Amazon, the Amazon Pay ICICI card gives 5% back with zero annual fee. For Flipkart and Myntra shoppers, the Flipkart Axis card is the clear winner. If you want all-round rewards plus travel perks, HDFC Regalia is the best overall choice.
2. Understand No-Cost EMI
No-cost EMI lets you split a purchase into monthly payments with zero interest. For example, a ₹6,000 purchase becomes ₹1,000/month for 6 months with no extra charges. Almost all major credit cards offer no-cost EMI on shopping — just choose it at checkout.
3. Check the Annual Fee
Some cards charge an annual fee, but many waive it if you spend a minimum amount per year. The Amazon Pay ICICI card is lifetime free, making it perfect for beginners. Always check if the rewards outweigh the fee before applying.
4. Look at Welcome Benefits
Most premium cards offer welcome vouchers, bonus points, or cashback when you first sign up. These one-time benefits can be worth ₹2,000–₹5,000, often covering the annual fee for the first year.
Frequently Asked Questions
Which credit card is best for shoe shopping?
For shoe and fashion purchases, the HDFC Regalia (5% cashback) and SBI SimplyCLICK (10x points on fashion sites) are the top choices. Both offer no-cost EMI and strong rewards on apparel and footwear.
Is no-cost EMI really free?
Yes, when used correctly. The interest is absorbed by the merchant or bank as a discount. Just make sure to pay your EMI on time — late payments attract penalty charges that defeat the purpose.
Can I get a credit card with no annual fee?
Absolutely. The Amazon Pay ICICI card is lifetime free with no annual fee ever. Several other cards waive the fee if you meet a minimum annual spending requirement.