For urban professionals and families, everyday expenses — groceries, shopping, bills, dining, and travel can quickly add up. Credit cards with cashback benefits are one of the simplest ways to save money on these expenses. But not all cashback cards are created equal: reward structures, caps, and categories can significantly affect how much you actually earn back.
If your monthly spending is below ₹50,000, here’s a detailed comparison of the top cashback credit cards in India for 2025.
Recent data suggests that while credit card use continues to expand in India, individual spending per card remains modest among average consumers. In January 2025, the average monthly spend per card was about ₹16,911 [Source: Kiwi].
Meanwhile, credit card transactions in general average around ₹5,100 in value but for RuPay credit cards used via UPI, the average transaction value drops to around ₹1,125, highlighting their role in small-ticket, high-frequency payments [Source: PwC].
Further, in February 2025 the average transaction value across the credit card ecosystem slipped from ₹4,282 to ₹4,219, indicating some consumer caution in discretionary spending [Source: IBS Intelligence].
These trends reinforce the idea that most cardholders, especially those spending under ₹50,000 monthly, rely on cards for everyday, small-value transactions, not big splurges. So, considering a good cashback credit card makes more sense here to maximise on the returns.
Cashback Comparison Table (Up to ₹50,000 Spend)
| Monthly Spend (₹) | HDFC Moneyback+ | SBI Cashback | Axis Bank Cashback | Jupiter Edge+ | HSBC Live+ | HDFC Millennia |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 10,000 | 333 | 500 | 350 | 1,000 | 1,000 | 500 |
| 15,000 | 500 | 750 | 600 | 1,500 | 1,075 | 750 |
| 20,000 | 629 | 1,000 | 850 | 1,750 | 1,150 | 1,000 |
| 25,000 | 646 | 1,250 | 1,100 | 2,000 | 1,225 | 1,050 |
| 30,000 | 663 | 1,500 | 1,350 | 2,250 | 1,300 | 1,100 |
| 35,000 | 679 | 1,750 | 1,600 | 2,500 | 1,375 | 1,150 |
| 40,000 | 696 | 2,000 | 1,850 | 2,550 | 1,450 | 1,200 |
| 45,000 | 713 | 2,250 | 2,200 | 2,600 | 1,525 | 1,250 |
| 50,000 | 729 | 2,500 | 2,550 | 2,650 | 1,600 | 1,300 |
From the table, Jupiter Edge+ leads across almost all slabs, with SBI Cashback and Axis Cashback coming close for higher spends.
The graph illustrates how different cashback credit cards in India reward users across monthly spends from ₹0 to ₹50,000.
The standout performer is clearly the Jupiter Edge+ Credit Card (blue line), which maintains the steepest upward trajectory, reaching ₹2,650 cashback at ₹50,000 spend. Close contenders at higher spend levels are the Axis Bank Cashback (green line) and the SBI Cashback Card (orange line), which both rise sharply after ₹25,000 spends, finishing at ₹2,550 and ₹2,500 respectively. The HSBC Live+ (yellow line) grows steadily but more modestly, peaking at ₹1,600, while the HDFC Millennia (teal line) caps out at ₹1,300. The HDFC Moneyback+ (red line) lags behind, offering the lowest rewards across all spend levels, with only about ₹729 cashback at ₹50,000 spend.
Overall, the visualization highlights how Jupiter Edge+ dominates across all slabs, providing significantly higher cashback returns for everyday spenders, while Axis and SBI compete closely for second place among heavy spenders. HSBC Live+ and HDFC Millennia serve as balanced mid-tier options, and Moneyback+ is clearly positioned as an entry-level card with limited rewards.
Details about Cashback Credit Cards
Jupiter Edge+ Credit Card
- Rewards: Offers 10% cashback on shopping (up to ₹1,500/month), 5% cashback on travel (up to ₹1,000/month), and 1% on all other spends.
- Caps: The maximum cashback is capped at ₹2,500/month, split between ₹1,500 for shopping and ₹1,000 for travel.
- Annual Fee: ₹499 (often waived through limited-time promotions).
- Extras: Includes free 1-year Amazon Prime subscription worth ₹1,499, along with other limited-time offers
- Best For: Ideal for everyday online shoppers, UPI Scan & Pay users, and young professionals who want high cashback on varied spends.
SBI Cashback Credit Card
- Rewards: Earn 5% cashback on online purchases (Amazon, Flipkart, bill payments, OTT services), and 1% on offline spends.
- Caps: The cashback is capped at ₹5,000/month.
- Annual Fee: ₹999 (can be waived with an annual spend of ₹2 lakh).
- Best For: Perfect for heavy online spenders who prefer a flat, high-value cashback on all online purchases.
Axis Bank Cashback Credit Card
- Rewards: Get 5% cashback on online shopping (Amazon, Flipkart, Swiggy, etc.), and 1% on offline purchases.
- Caps: Cashback is limited to ₹1,000/month for online purchases and ₹500/month for offline transactions.
- Annual Fee: ₹1,000 (waived if you spend ₹2 lakh annually).
- Best For: A great fit for regular online shoppers who benefit from Axis’s strong merchant partnerships.
HSBC Cashback Live+ Credit Card
- Rewards: 10% cashback on food delivery, cab rides, and OTT subscriptions, and 1.5% unlimited cashback on all other spends.
- Caps: The introductory 10% category cashback is capped at ₹1,000/month.
- Annual Fee: ₹999 (waived if you spend ₹2 lakh annually).
- Best For: Ideal for balanced users who want broad cashback coverage, including lifestyle categories like food and entertainment.
HDFC Bank Millennia Credit Card
- Rewards: Earn 5% cashback on popular e-commerce sites (Amazon, Flipkart, Zomato, Myntra) up to ₹1,000/month, with 1% on other spends.
- Caps: Monthly cashback is capped at ₹1,000.
- Annual Fee: ₹1,000 (waived with ₹1 lakh annual spend).
- Best For: Suited for young online shoppers looking for reliable HDFC support and rewards in the HDFC ecosystem.
HDFC Moneyback+ Credit Card
- Rewards: Earn 4 reward points per ₹150 spent (equivalent to ~1.3% cashback). Double rewards on Amazon, Flipkart, and Reliance Smart.
- Caps: Reward redemption is limited and not directly equivalent to cashback.
- Annual Fee: ₹500 (waived with ₹50,000 annual spend).
- Best For: Entry-level users seeking easy approval and basic cashback-style rewards with HDFC’s trusted support.
Key Insights: Which Card Fits Which User?
- For Maximum Cashback: Jupiter Edge+ → best for UPI + shopping + travel.
- For Heavy Online Shoppers: SBI Cashback → strong 5% with higher caps.
- For Balanced Lifestyle Spends: HSBC Live+ → 10% on food/OTT + 1.5% on others.
- For Partner Offers: Axis Cashback & HDFC Millennia → great for Flipkart/Amazon loyalists.
- For Beginners: HDFC Moneyback+ → good first card for building a credit profile.
Final Verdict
If your monthly spending is under ₹50,000, the Jupiter Edge+ Credit Card consistently delivers the highest value across shopping, travel, and UPI-linked spends.
- SBI Cashback comes close for pure online shopping enthusiasts, while Axis Cashback and HDFC Millennia are solid mid-tier options for specific e-commerce categories.
- HSBC Live+ offers balanced rewards on food and OTT, making it ideal for lifestyle-heavy spenders.
- HDFC Moneyback+ remains a safe entry-level choice, but its rewards lag behind competitors.
Bottom line: For everyday urban spending, Jupiter Edge+ is the best cashback credit card in India for users spending under ₹50,000 a month.
