Online shopping is the most contested reward category in India, and the one where caps bite hardest. Cards split into two kinds: co-branded cards that pay a high rate at one marketplace and an ordinary rate elsewhere, and general cards that pay a good rate across all online spending. Which wins depends entirely on how concentrated your shopping is — if more than half runs through one platform, the co-brand usually wins despite being worse everywhere else.
283
Cards listed
Free
Cheapest to hold
₹5,000
Most expensive
Ranked by how widely held each card is — not by commission, because CardCopilot takes none. 11 of them carry no annual fee.
The shortlist
Cards that earn accelerated rewards on online and e-commerce spending.
Lifetime free — 5% on Amazon for Prime members, 2% on Amazon Pay partners, 1% everywhere.
Annual fee
Lifetime free
shopping online
utilities
2
SBI CardCore
Cashback SBI Card
•••• •••• •••• ••••
2
3
HDFC BankCore
HDFC Millennia
•••• •••• •••• ••••
3
4
Axis BankEntry
Flipkart Axis Bank
•••• •••• •••• ••••
4
5
HDFC BankPremium
HDFC Regalia Gold
•••• •••• •••• ••••
5
6
HDFC BankCore
Tata Neu Infinity HDFC
•••• •••• •••• ••••
6
7
HDFC BankEntry
Swiggy HDFC Bank
•••• •••• •••• ••••
7
8
American ExpressPremium
Amex Platinum Travel
•••• •••• •••• ••••
8
9
SBI CardEntry
SBI SimplyCLICK
•••• •••• •••• ••••
9
10
HDFC BankCore
HDFC Cashback Rewards
•••• •••• •••• ••••
10
11
OneCard (FPL)Core
OneCard
•••• •••• •••• ••••
11
12
Axis BankCore
Axis Cashback Select
•••• •••• •••• ••••
12
13
IDFC FIRST BankCore
IDFC FIRST Select
•••• •••• •••• ••••
13
14
Axis BankEntry
Axis Shopping Easy
•••• •••• •••• ••••
14
15
HDFC BankEntry
HDFC Shopping Advantage
•••• •••• •••• ••••
15
16
HDFC BankEntry
HDFC MoneyBack+
•••• •••• •••• ••••
16
17
Axis BankCore
Axis Shopping Rewards
•••• •••• •••• ••••
17
18
IDFC FIRST BankPremium
IDFC FIRST Wealth
•••• •••• •••• ••••
18
19
SBI CardCore
SBI Cashback Select
•••• •••• •••• ••••
19
20
Axis BankEntry
Axis Cashback Value
•••• •••• •••• ••••
20
21
Kotak Mahindra BankEntry
Myntra Kotak
•••• •••• •••• ••••
21
22
AU Small Finance BankEntry
AU LIT
•••• •••• •••• ••••
22
23
American ExpressEntry
Amex SmartEarn
•••• •••• •••• ••••
23
24
IDFC FIRST BankEntry
IDFC FIRST Millennia
•••• •••• •••• ••••
24
Frequently asked questions
Do co-branded shopping cards pay outside their marketplace?
Yes, but at a much lower rate — typically the card's base rate. The high number in the marketing applies only at the partner platform.
Are online rewards capped?
Almost always, and the cap is what decides the real value. A 5% rate capped at ₹500 a month is worth at most ₹6,000 a year no matter how much you spend, which puts a hard ceiling on any comparison.