Best Debit Cards for Shopping/Cashback in India
Overview
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
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”.
| Description | Fees/Charges |
|---|---|
| Annual fee | Rs 500 + taxes |
| Replacement/Re-issuance Charges | Rs 200 + taxes |
| Charge slip retrieval request | Rs 200 |
| Usage of the Debit Card at merchant locations for shopping and at HDFC Bank ATMs | NIL |
| Usage of the Debit Card at Railway stations and Petrol pumps | transaction 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.
| Product | Do you find it interesting? | |
|---|---|---|
| HDFC Bank Millennia Debit Card New entry from HDFC bank
| Click here !! |
DCB Bank Visa Platinum Debit Card
The Platinum Debit Card from DCB Bank is a hidden gem. The biggest highlight is that you earn a flat 1.6% cashback on all your spending.
The card does not have a threshold or cap, which we don’t normally see, even from the segment leader cards. This is a lifetime free card if you have a DCB Bank Elite Savings Account.
| Description | Fees & Charges |
|---|---|
| Annual Fee | NIL ( 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 India | Unlimited |
| Financial transaction on any other Bank ATM across India | Maximum up to 8 FREE transactions. Post that, Rs 18 + GST on each transaction |
| POS Limit per day | Rs 2,00,000 |
| Card Replacement Fee | NIL |
| Free Usage of RTGS / NEFT facility | Unlimited |
| Availability of Locker Facility | 50% discount on locker fee if AQB is maintained at Rs 1,00,000 |
| Free pay orders / demand drafts | Unlimited |
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
| Product | Do you find it interesting? | |
|---|---|---|
| DCB Bank Visa Platinum Debit Card Hidden gem from DCB Bank
| Click here !! |
Axis Bank Burgundy Debit Card
The Burgundy Debit card is a premium offering from Axis Bank in India. Cardholders enjoy higher daily withdrawal and purchase limits and a waiver of card fees. You can also use its contactless feature for 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.
| Description | Fees & Charges |
|---|---|
| Annual Fee | For 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 day | Rs 6,00,000 |
| Personal Accident Insurance Cover | Rs 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
| Product | Do you find it interesting? | |
|---|---|---|
| Axis Bank Burgundy Debit CardPremium offering from Axis Bank
| Click here !! |
Standard Chartered Premium Cashback Debit Card
The Premium Cashback Debit Card from Standard Chartered Bank is another great shopping offering. With the card, you can earn 5% cashback on all your spending 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.
| Description | Fees & Charges |
|---|---|
| First Year Fee | For 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 Fee | For 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 PIN | FREE |
| ATM/POS decline charges due to insufficient funds in the account | Rs 25 per failed transaction |
| ATM Withdrawal Limit (Per Day) | Rs 2,00,000 |
| POS Limit per day | Rs 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
| Product | Do you find it interesting? | |
|---|---|---|
| Premium offering from SC Bank
| Click here !! |
IndusInd World Exclusive Debit Card
World Exclusive Debit Card from IndusInd Bank is an excellent offering for 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.
| Description | Fees & Charges |
|---|---|
| Annual Fee | NIL |
| Joining Fee | NIL |
| ATM Withdrawal Limit (Per Day) | Rs 2,00,000 |
| POS Limit per day | Rs 4,00,000 |
| Cross-currency markup charges | 0% |
| Lost Card Liability | Rs 3,00,000 |
| Air Accident Insurance | Rs 30,00,000 |
| Personal Accident Insurance | Rs 2,00,000 |
| Purchase Protection | Rs 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 )
| Product | Do you find it interesting? | |
|---|---|---|
| IndusInd World Exclusive Debit CardExclusive card from IndusInd Bank
| Click here !! |
Conclusion
This is our list of the Best Debit Cards in India for Shopping/Cashback. We hope that it will give you a better idea and guidance if you are looking for a new card.
We suggest using credit cards rather than debit cards. There are fewer reward rates and more minor features on credit cards. 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
