HSBC RuPay Cashback Credit Card
Fees
1st Year Fee: ₹499* Plus Applicable Taxes
Joining & AnnualReward Rate
10% cashback on dining, grocery, and food delivery spends; 1% cashback on other eligible spends, including UPI transactions; Cashback is capped at ₹400 per month
Welcome Bonus
₹500 cashback upon downloading and logging into the HSBC India mobile banking app and spending ₹10,000 within 30 days of card issuance (applicable till 31 Mar 2026); Complimentary 2-month EazyDiner Prime membership on card activation (if activated between 15 July 2025 and 31 Mar 2026)
Lounge Access
No Lounge Access
FindMyCard Expert Take
HSBC RuPay Cashback earns a strong 10% on dining, groceries and food delivery, plus 1% on UPI payments generally, capped at ₹400/month. The zero forex markup offer (through June 2026) and welcome cashback are useful extras, though the exclusion list for everyday categories like fuel, utilities and rent is long.
Pros & Cons
Key Advantages
- 10% cashback on dining, groceries and food delivery
- 1% cashback on UPI payments via the RuPay network
- Zero foreign exchange transaction markup fees until 30 June 2026
- Cashback credited directly to your statement, no point conversion needed
- Fee waived on ₹2 lakh in annual spend
Limitations
- Tight monthly billing cycle cashback earning cap strictly limited to a maximum of ₹400
- Completely excludes all international and foreign currency spends from earning any cashback value back
- Extensive list of day-to-day transaction exclusions (fuel, utilities, insurance, rent, wallet top-ups, education, and govt fees) that yield zero cashback returns
Editorial Verdict
The HSBC RuPay Cashback Credit Card is ideally suited for upi payments, dining spends, and everyday household groceries via direct cashback. If you want 10% cashback on dining, grocery, and food delivery spends; 1% cashback on other eligible spends, including upi transactions; cashback is capped at ₹400 per month, this card delivers real value. The 1st year fee: ₹499* plus applicable taxes is easily offset by the card's perks if you use it regularly. You'll generally need Good (700+) credit to be approved.
Key Perks & Spending Milestones
10% cashback generated automatically on dining purchases, grocery shopping, and online food delivery platforms
1% cashback accrued across all other standard eligible retail transactions, explicitly including RuPay merchant UPI transactions
Total cumulative monthly cashback yields are subject to a strict ceiling cap of ₹400 per month
2 complimentary domestic airport lounge terminal access visits per calendar quarter
2 complimentary international airport lounge terminal access visits per calendar year globally under the JCB network
Absolute 0% Foreign Currency Exchange transaction markup fees layered natively on cross-currency spends until June 30, 2026
Cleartrip Travel Discounts: 12% off up to ₹1,600 on domestic flights (MOV ₹6,000), 10% off up to ₹6,000 on international flights (MOV ₹15,000), and 20% off up to ₹5,000 on hotel bookings (MOV ₹5,000) using active card parameters till 31 Mar 2026
Paytm Utility Discounts: 5% off up to ₹150 on mobile, broadband, DTH, water, gas, electricity bills, and FASTag recharges on a minimum transaction of ₹299 using promo code HSBCRUPAY (applicable once till 30 Jun 2026)
🚀 Milestone Spends Timeline
Spend above ₹2,00,000 within the card anniversary year to smoothly trigger a 100% waiver/reversal of the ₹499 annual maintenance fee for the subsequent cycle
Fees & Charging Rates
Annual Fee Waivers
1st Year Fee: ₹499* Plus Applicable Taxes
💡 Annual fee waived on spending more than ₹2,00,000 (₹2 Lakh) in a year
Regular Interest Charges
3.75% per month (45% per annum)
Insurance & Protection Benefits
Eligibility Criteria
age
21 to 65 years
employment profiles
Salaried and Self-Employed Profiles (income aligned with standard HSBC benchmarks); excludes fuel, rent, utilities, insurance, government fees, education, wallet reloads & cash advances from cashback
Compare HSBC RuPay Cashback Credit Card With Similar Cards
| Card | Annual Fee | Reward Rate | Lounge Access | Rating |
|---|---|---|---|---|
| HSBC RuPay Cashback Credit Card This Card | 1st Year Fee: ₹499* Plus Applicable Taxes | 10% cashback on dining, grocery, and food delivery spends; 1%... | No Lounge Access | 3.0/5 |
| Cashback SBI Credit Card | ₹999 + Taxes | 5% cashback on online spends; 1% cashback on offline spends | No Lounge Access | 4.7/5 |
| KIWI UPI RuPay Credit Card | Free | Up to 5% cashback on UPI spends via Kiwi Neon program (1.5% base... | Domestic (Neon Spend Milestones) | 4.7/5 |
| Axis Bank ACE Credit Card | ₹499 + Taxes | 5% cashback on Google Pay utilities; 4% on Swiggy, Zomato & Ola;... | 4 Domestic/yr | 4.6/5 |