Synopsis: You do not have to spend much to enjoy the services of a credit card. The ₹10,000 monthly budget with the correct selection can get excellent cashback on online shopping, electricity and food delivery. The following are the five credit cards that can be offered to low spenders.
Most individuals assume credit cards can be useful only to high spenders, but even those who spend less than ₹10,000 a month can get a lot out of the correct card. The secret here is that the cards should provide easy cashback on daily purchases such as online shopping, utility bills, groceries and food delivery, without charging excessive annual fees and complex reward schemes.
1. SBI Cashback Credit Card
SBI Cashback Credit Card is targeted at those users who prefer a direct cashback with regard to the online transactions. This card is suitable for online shoppers, unlike the rest of the credit cards that offer reward points based on certain partners.
Card Fees
- Joining Fee: ₹999 + GST
- Annual / Renewal Fee: ₹999 + GST
- Fee Waiver: The annual fee will be waived for total spending amounts to ₹2 lakh in one year.
Cashback Structure
- 5% cashback on online purchases with no limitations on the merchants.
- 1% cashback on all offline purchases.
Maximum cashback: 5000 on a monthly statement period.
- The cashback obtained is automatically transferred into the credit card account and does not require any redeeming activity, making it hassle-free.
- Cardholders are able to receive cash back on a large variety of transactions made online, which includes purchases made with e-commerce (Amazon, Flipkart, Myntra, etc.), Online subscriptions and online services, Food delivery platforms, and leisure and travel agents.
Additional Benefits
- 1% fuel surcharge waiver on transactions within the ₹500-3000 bracket, which is limited to 100 per statement cycle.
- Global acceptance in more than 24 million stores, and also in VISA ATMs
- The cardholders are also allowed to issue add-on cards to family members over 18 years to share the benefits of the card.
Best For
- The SBI Cashback credit card fits well for those who shop frequently online
- Use cashback rather than reward points, preferably simple.
- Can be used on various online sites with no limitations.
2. Airtel Axis Bank Credit Card
The Airtel Axis Bank Credit Card rewards routine expenditures on mobile telecom expenses, utilities, grocery and food delivery. It is also largely cashback-oriented as opposed to reward points and is therefore of great use to individuals who would like to save on their monthly bills such as mobile bills, electricity bills, and also food orders over the internet.
Card Fees
- Joining Fee: ₹500 + GST
- Annual Fee: ₹500 + GST
- Annual Fee Waiver: Fee waived on the second year, provided annual expenditure is more than 2,00,000.
Cashback Structure
- 25% cashback when paying Airtel mobile, broadband, Wi-Fi, and DTH bills using the Airtel Thanks app (limited to 250 a month).
- 10% cash back on the payments of utility bills like electricity, gas, etc., through the Airtel app (limited to 250 per month).
- 10% cashback on Swiggy, Zomato and BigBasket (limited to 500 a month).
- 1% on any other qualified expenditure with no particular merchant limit.
- Cashbacks are automatically deposited in the credit card account, and there will be no need to redeem reward points.
Welcome Benefits
- 500 Amazon e-voucher on the completion of the first transaction within 30 days of the issuance of the card.
Additional Benefits
- 4 domestic airport lounge visits are quite free annually (under the minimum spending criteria of ₹50,000 in 3 months).
- Waiver on fuel charges between 1% and ₹400 to 4000. Maximum benefit up to ₹500
- Availability of the Axis Bank Dining Delights program that provides discounts in affiliated restaurants.
- Voluntary conversion of transactions greater than 1,500 in terms of EMIs.
Best For
- Pay Airtel mobile, broadband or DTH bills on a regular basis.
- Place regular orders with Swiggy or Zomato.
- Need cashback on utility bills and groceries.
3. Axis ACE Credit Card
The Axis ACE Credit Card is intended to compensate for online daily transactions like utility bills, food delivery, and daily purchases. The card offers direct cashback, which is very convenient for cardholders who are interested in easy savings on their usual costs.
Card Fees
- Joining Fee: ₹499 + GST
- Annual Fee: ₹499 + GST
- Annual Fee Waiver: Fee waived in case of yearly expenditure over 200,000.
Cashback Structure
- 5% on utility bill payments and recharges (electricity, gas, internet, mobile, DTH) through Google Pay, and 4% on Swiggy, Zomato, and Ola, and has a minimum spend of ₹12,500 per month for a cashback of ₹6000.
- 1.5% limitless cashback on all other qualifying expenditures.
Additional Benefits
- 4 free domestic airport lounge services annually.
- Fuel station 1% fuel surcharge waiver in India, valid between ₹400 to ₹4000, max benefit of up to ₹500 per statement.
- The Axis Bank Dining Delights program, which includes 15% off at partner restaurants.
- The capability of turning big purchases into EMIs.
Best For
- Occasionally, pay electricity bills and mobile charges.
- Use Google Pay on a regular basis.
- Need to have a basic cashback card that I can use in my daily expenditures.
Also Read: Top 5 Low-Fee Credit Cards That Offer Premium Benefits Like Lounge Access, Cashback and More
4. HDFC Millennia Credit Card
HDFC Millennia Credit Card is an online credit card for individuals who use online applications, including shopping apps, food delivery systems and other subscriptions quite often. The card is cashback-based, which makes it a favourite of young customers and online customers.
Card Fees
- Joining Fee: ₹1,000 + GST
- Annual Fee: ₹1,000 + GST
- Annual Fee Waiver: The fee is waived in case of annual expenditure of over ₹100,000.
Cashback & Rewards Structure
- 5% on brands which include Amazon, Flipkart, Myntra, Swiggy, Zomato, Uber, BookMyShow, Sony LIV, Tata CLiQ, and Cult Fit.
- 1% on any other expenditure, such as online and offline purchases.
- 10% at HDFC SmartBuy or PayZapp shopping portal on selected brands.
Reward Points & Value
- The card is entitled to CashPoints, which are redeemed in the card statement.
- 1 CashPoint is 1 rupee in the form of cashback, which is redeemed, and hence the rewards are not difficult to comprehend and utilise.
Milestone Benefits
- ₹1,000 gift voucher, or 1 free airport domestic lounge for spending of ₹100,000 in a calendar quarter.
Additional Benefits
- Additional 10% discount on Swiggy dine out using coupons
- 1% fuel surcharge on fuel purchases of between ₹400 and 5000. Maximum of ₹250 per cycle.
- Swiggy Dineout dining offers in partner restaurants.
- Interest-free credit of up to 50 days on purchases.
- Contactless payments and EMI conversion services for big purchases.
- Zero lost-card liability is provided if the loss is reported as soon as it happens.
Best For
- Shop regularly with Amazon, Flipkart, or Myntra.
- Swiggy, Uber or entertainment apps.
- Desire a cashback on various online websites using one card.
5. Amazon Pay ICICI Credit Card
The Amazon Pay ICICI Credit Card provides easy cashback on Amazon purchases and daily expenditures, and is free of charge, no joining fee or annual fee. This qualifies it as a robust alternative for low-spending users who desire to receive a reward without thinking about the annual fees.
Card Fees
- Joining Fee: ₹0
- Annual Fee: ₹0 (Lifetime Free)
Cashback & Rewards Structure
- Amazon Prime members get 5% cashback on purchases at Amazon.
- Amazon offers a 3% cashback on purchases that are not made by Prime members.
- 2% reward points at 1000+ on the money paid with the assistance of Amazon Pay later
- 1% cashback on any other eligible spending not on Amazon.
- The cashback is added to the Amazon Pay balance of the user, which can be spent on Amazon purchases, on bill payments, and on partner stores.
Additional Benefits
- 1% fuel surcharge in petrol stations in India.
- Eligible purchases: Free EMI over 3 months on Amazon.
- International transaction at a low forex markup of approximately 1.99%.
Best For
- Shop frequently on Amazon
- Desire a credit card that offers cashback rewards that are free throughout your life.
- Likes automatic cashback with no headaches of redemption.
Conclusion
The appropriate credit card will enable a user to get substantial cashback on daily costs with a budget of less than ₹10,000 every month. The SBI Cashback Credit Card and HDFC Millennia cards are better placed to be used in online purchases, whereas the Airtel Axis and Axis ACE cards are good to utilize in utility bills and food delivery.
The Amazon Pay ICICI credit card is unique because it is free of charge for regular Amazon customers. Low-spending users are able to maximise savings by not having to pay high annual fees by opting to use a card that suits their spending habits.
Written by Boyapati Sai Jasmitha
