Category
Online spend
Anything you buy through a browser or an app. Amazon, Flipkart, Myntra and the rest.
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 leads for merchant-agnostic 5%. Axis's tiered Cashback card 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, with no merchant list to memorise.
5% online is capped at ₹2,000 per cycle, about ₹40,000 of spend, with a separate ₹2,000 cap on the 1% offline rate. Gaming, toll and government payments are excluded, as are fuel, rent, utilities and insurance.
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.
The tiered structure dilutes small months. Offline is a weak 0.75% and utilities 0.5%, capped at ₹100. Axis changes terms more often than most issuers, so re-check before relying on it.
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.
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.