Category
Online spend
E-commerce and apps — Amazon, Flipkart, Myntra, and anything paid through a browser or app.
No card in your wallet earns rewards on online spend yet.
When you add a card that does, it will rank here automatically.
Best in market
SBI Cashback's April 2026 devaluation (split ₹2,000 caps) reshuffled the online space, but it still leads for merchant-agnostic 5%; Axis's tiered Cashback card now offers the highest cap for heavy online spenders. · Top-tier picks from the whole Indian market, researched 7 Aug 2026.
SBI Card Cashback
5% on virtually every online merchant, no merchant restriction
₹999 + GST, waived on ₹2L/yr
Still the simplest high-rate online card in India: flat 5% auto-credited on nearly all online spends regardless of merchant, which no owned card in your wallet replicates outside specific platforms.
Devalued 1 Apr 2026: 5% online now capped at ₹2,000/cycle (₹40k spend) with a separate ₹2,000 cap on 1% offline; gaming, toll and government payments newly excluded, plus existing fuel/rent/utility/insurance exclusions.
Axis Bank Cashback
Tiered up to 7% on ALL online spends with a ₹4,000/month cap — now the highest online ceiling
₹1,000 + GST, waived on ₹4L/yr
For monthly online spends above ₹40k it out-earns the capped SBI Cashback (effective ~4.6–5.6% blended, since the first ₹5k earns 2%, ₹5k–40k earns 5%, beyond that 7%), with double SBI's monthly cashback cap.
Tiered structure dilutes small months; offline is a weak 0.75% and utilities 0.5% (capped ₹100); Axis has a heavy 2024–25 devaluation track record, so terms may not be stable.
HDFC Bank Millennia
5% CashPoints on 10 top online merchants (Amazon, Flipkart, Myntra, Swiggy, Zomato, Uber, etc.)
₹1,000 + GST, waived on ₹1L/yr
Covers the merchants where most Indian online spend actually happens at 5% (1 CashPoint = ₹1 as statement credit), with an easy ₹1L fee waiver — you already hold it, so keep routing top-10-merchant spends here.
5% only at the 10 listed merchants (1% elsewhere), accelerated earning capped at 1,000 CashPoints/month; CashPoints are worth less than ₹1 on some redemption routes, so redeem against statement.
Your wallet · Online spend
What this category is actually worth
The same checks as the wallet page, narrowed to all 0 cards that earn on online spend. Set a monthly figure for it in to put rupees on these.
Earnings here
What each card would return on online spend at your spend — raw rates, before caps.
Every card in your wallet is excluded from online spend — see the reasons in the table above.
Milestone progress
Milestones on these cards, against your total spend routed to one card.
None of the cards that earn here has a milestone.
Fee check — does each card pay for itself?
Value is still counted across your whole wallet, not just this category — a card earns its fee wherever it wins. Waivers are not assumed.
| Card | Fee | Value/yr | Verdict |
|---|
Where the market beats your wallet
Your best card against the top pick in Best in market, just above — the numbers only, since the pick itself is already on this page.
No market pick with a comparable rate for this category yet.