Best Debit Cards for Shopping/Cashback in India

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Introduction

We have prepared a list of the Best Debit Cards for Shopping/Cashback in India. This list will give you a high-level peek into the features of the cards across the banks.

We have tried to bring out the positives and negatives of each card so that it helps you in choosing a debit card as per your requirement. So, let’s jump into the discussion:

HDFC Bank Millennia Debit Card

HDFC Bank Millennia Debit Card-fincards

Millennia Card is the newest entry in the debit card segment from HDFC Bank. This card packs a punch and can be termed the best shopping/cash-back debit card. This card’s most significant highlighting feature is Cashback points – it’s 5%, 2.5%, and 1% in various scenarios. The product also incorporates the Airport Lounge Access for Domestic Airports. This card has two variants – “MasterCard” and “Visa”.

DescriptionFees/Charges
Annual feeRs 500 + taxes
Replacement/Re-issuance ChargesRs 200 + taxes
Charge slip retrieval requestRs 200
Usage of the Debit Card at merchant locations for shopping and at HDFC Bank ATMsNIL
Usage of the Debit Card at Railway stations and Petrol pumpstransaction charges as per industry practices

Pros

  • 5% Cashback points on shopping via PayZapp and SmartBuy
  • 2.5% Cashback points on Online shopping
  • 1% Cashback points on Offline shopping & Wallets
  • Airport Lounge Access – 4 per year( 1 per quarter) for Domestic airports
  • Daily Maximum Transaction Limit:
  • – ATM: Rs 50,000
  • – POS (Domestic): Rs 3.5 Lakhs
  • – POS (International): Rs 1 Lakh

Cons

  • Cashback points valid only for 12 months.
  • Cashback points will be available after 90 days of the purchase made.
ProductDo you find it interesting?
HDFC Bank Millennia Debit Card 4.5

HDFC Bank Millennia Debit Card New entry from HDFC bank

  • 5%, 2.5%, and 1% cashback categories
  • Airport Lounge Access for Domestic Airports
Click here !!

DCB Bank Visa Platinum Debit Card

dcb-bank-visa-platinum-debit-card-fincards

Platinum Debit Card from DCB Bank is a hidden gem. The biggest highlight of this card is that you earn a flat 1.6% cashback on all your spending.

There is no threshold/cap set on the card – which we don’t see normally even from the segment leader cards. This is a lifetime free card if you have a DCB Bank Elite Savings Account.

DescriptionFees & Charges
Annual FeeNIL ( available with DCB Bank Elite Savings Account only and is lifetime
free)
ATM Withdrawal Limit (Per Day)Rs 50,000
Financial transaction on any DCB Bank ATM across IndiaUnlimited
Financial transaction on any other Bank ATM across IndiaMaximum up to 8 FREE transactions. Post that, Rs 18 + GST on each transaction
POS Limit per dayRs 2,00,000
Card Replacement FeeNIL
Free Usage of RTGS / NEFT facilityUnlimited
Availability of Locker Facility50% discount on locker fee if AQB is maintained at Rs 1,00,000
Free pay orders / demand draftsUnlimited

Pros

  • Avail flat 1.6% cashback* on all spend – offline or online
  • * Max cashback of Rs 2000 per month and Rs 20,000 per year
  • In order to avail of this cashback, you have to make the transaction of a minimum of Rs 625
  • Unlimited access to all DCB Bank and Visa ATMs across India

Cons

  • You have to maintain an Average Quarterly Balance (AQB) of Rs 50,000 to avail of the facility of 1.6% cashback
ProductDo you find it interesting?
DCB Bank Visa Platinum Debit Card 4.1

DCB Bank Visa Platinum Debit Card Hidden gem from DCB Bank

  • Flat 1.6% cashback on all your spends
  • No cap set on the card
Click here !!

Axis Bank Burgundy Debit Card

axis-bank-burgundy-debit-card-fincards

The Burgundy Debit card is a premium offering from Axis Bank in India. The cardholder will enjoy higher daily withdrawal and purchase limits and a waiver of card fees. You can also use its contactless feature to have a hassle-free and safer shopping experience.

The central highlighting part of this card is that you can have free ATM withdrawals from any bank’s ATM worldwide. You will earn handsome reward points on shopping/dining at a reasonable rate.

DescriptionFees & Charges
Annual FeeFor Burgundy A/C customers: NIL
For Non-Burgundy A/C customers: INR 1500 + taxes
ATM Withdrawal Limit (Per Day)Rs 3,00,000
POS Limit per dayRs 6,00,000
Personal Accident Insurance CoverRs 15,00,000
Cross-currency markup
charges
3.5%

Pros

  • eDGE Loyalty Reward Points for transactions:
  • – 2 points for every Rs 200 spent on Domestic transactions
  • – 6 points for every Rs 200 spent on International transactions
  • Contactless payment with increased limits up to Rs 5,000
  • Enjoy free ATM withdrawals from any bank ATMs in India and abroad
  • Get Complimentary movie tickets ( Buy 1 Get 1)
  • Airport Lounge Access – 3 per quarter for Domestic airports

Cons

  • Cross Currency Markup charges are higher in the segment
  • No Visa variant for this card
ProductDo you find it interesting?
Axis Bank Burgundy Debit Card4.3

Axis Bank Burgundy Debit CardPremium offering from Axis Bank

  • Free ATM withdrawals from any bank’s ATM worldwide
  • Reward points on shopping/dining
Click here !!

Standard Chartered Premium Cashback Debit Card

standard-chartered-platinum-debit-card-fincards

Premium Cashback Debit Card from Standard Chartered Bank is another great offering for shopping. You can earn 5% cashback on all your spending with the card and enjoy significant savings on your shopping. Additionally, you can enjoy a host of discounts and offers across dining, shopping, travel and much more with the Standard Chartered -The Good Life programme – on your debit card.

DescriptionFees & Charges
First Year FeeFor Connect N Save 10K / eSaver10K / 2 in 1 Savings account / Prodigy account/aXcessPlus / Connect N Save 25K / Super Value / eSaver 25K / Enhanced linked (3 in 1) / BREEZE BANKING & eSaver Plus Savings Account Holders
Rs 1299 + taxes
Annual FeeFor Connect N Save 10K / eSaver10K / 2 in 1 Savings account / Prodigy account/aXcessPlus / Connect N Save 25K / Super Value / eSaver 25K / Enhanced linked (3 in 1) / BREEZE BANKING & eSaver Plus Savings Account Holders
Rs1299 + taxes
Cross-currency mark-up charges on
cross border transactions
3.5% + applicable taxes
Replacement of PINFREE
ATM/POS decline charges due to insufficient funds in the accountRs 25 per failed transaction
ATM Withdrawal Limit (Per Day)Rs 2,00,000
POS Limit per dayRs 2,00,000

Pros

  • Avail 5% cashback* on all spends above Rs 750
  • * Max cashback of Rs 500 per month
  • Enjoy a host of discounts and offers across dining, shopping, travel and much more with the Standard Chartered – The Good Life programme
  • International Debit Card – Use this card globally to withdraw cash and make payments
  • Contactless feature for faster checkouts and secure payments
  • Access Visa’s comprehensive Global Customer Assistance Service (GCAS) whenever you travel overseas in case of a lost card

Cons

  • Cross Currency Markup charges are higher in comparison to the competition
  • Transaction capping of a minimum of Rs 750 to avail of the cashback offer
ProductDo you find it interesting?
Standard Chartered Premium Cashback Debit Card4.4

Standard Chartered Premium Cashback Debit CardPremium offering from SC Bank

  • 5% cashback on all your spending
  • The Good Life programme on the card for dining/shopping etc.
Click here !!

IndusInd World Exclusive Debit Card

indusind-world-exclusive-debit-card-fincards

World Exclusive Debit Card from IndusInd Bank is an excellent offering when it comes to forex markup – NO CHARGES. Therefore, it’s most suited for those customers who travel internationally and spend a lot in foreign currency. Additionally, you get complimentary lounge access for domestic airports in India.

DescriptionFees & Charges
Annual FeeNIL
Joining FeeNIL
ATM Withdrawal Limit (Per Day)Rs 2,00,000
POS Limit per dayRs 4,00,000
Cross-currency markup
charges
0%
Lost Card Liability Rs 3,00,000
Air Accident InsuranceRs 30,00,000
Personal Accident InsuranceRs 2,00,000
Purchase ProtectionRs 50,000

Pros

  • Earn upto 6X reward points for every Rs 200 spent
  • – Up to Rs 5,000 : 2 RP / Rs 200
  • – Between Rs 5,001 to Rs 10,000 : 3 RP / Rs 200
  • – Between Rs 10,001 to Rs 20,000 : 4 RP / Rs 200
  • – Between Rs 20,001 to Rs 40,000 : 5 RP / Rs 200
  • – Above Rs 40,001 : 6 RP / Rs 200
  • Complimentary Lounge Access for Domestic airports in India- 2 per quarter
  • Rs 6,000 worth Annual Movie Tickets
  • Eligible for Samsung pay

Cons

  • AQB needs to be maintained – either Rs 50,000 or Rs 1,00,000 (depending on location )
ProductDo you find it interesting?
IndusInd World Exclusive Debit Card4.4

IndusInd World Exclusive Debit CardExclusive card from IndusInd Bank

  • No charges on Forex markup !!
  • Complimentary lounge access for domestic airports
Click here !!

Conclusion

This is the list of Best Debit Cards in India for Shopping/Cashback-2021 that we have come up with. We hope that it will give you a better idea and guidance if you are looking for a new card.

We would suggest using credit cards rather than debit cards. The reason is – fewer reward rates and more minor features. But, if you are keen on taking debit cards, this article will definitely help you out.

Please read other interesting posts:

FAQ’s

Does HDFC Bank Millennia Debit Card provide the facility of Airport Lounge Access?

Yes

What is the Annual Fee of a DCB Bank Visa Platinum Debit Card?

NIL ( available with DCB Bank Elite Savings Account only and is lifetime
free)

What is the highlight feature of the Axis Bank Burgundy Debit Card?

You can have free ATM withdrawals from any bank’s ATM around the world.

How much cashback does Standard Chartered Premium Cashback Debit Card offer?

5%

What is the best feature of the IndusInd World Exclusive Debit Card?

Foreign Currency Markup Charges – NIL

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