HSBC RuPay Cashback
HSBC India · Checked 2026-10-09
HSBC RuPay Cashback is a paid card focused on straightforward cashback, shopping rewards and dining rewards, charging ₹499 annually before GST.
CardIQ editorial view
Our take
HSBC RuPay Cashback is a paid card focused on straightforward cashback, shopping rewards and dining rewards, charging ₹499 annually before GST.
Who it suits
- People who prioritise straightforward cashback.
- People who prioritise shopping rewards.
- People whose normal usage can recover the annual fee through relevant benefits.
Key strengths
- 10% cashback on eligible dining, food delivery and groceries; 1% on other eligible purchases.
- UPI linkage available; lounge visits have spend and programme conditions.
Trade-offs to understand
- Accelerated cashback capped at ₹400 per month; other eligible cashback follows issuer exclusions.
- 0% foreign-currency-markup offer ends 31 December 2026; do not assume it is permanent.
- UPI linkage available; lounge visits have spend and programme conditions.
CardIQ verdict
It deserves a place on the shortlist when your normal spending makes 10% cashback on eligible dining, food delivery and groceries; 1% on other eligible purchases valuable enough to clear the fee. Factor in this condition: Accelerated cashback capped at ₹400 per month; other eligible cashback follows issuer exclusions.
Compare before deciding
- AU InstaPay — A lower-fee way to compare similar strengths in shopping rewards and dining rewards.
- Fibe Axis Bank Credit Card — A lower-fee way to compare similar strengths in shopping rewards and dining rewards.
This CardIQ editorial assessment is maintained separately from issuer facts and commercial links. CardIQ may earn a commission from some applications. Verify current terms before applying.
Benefits, limits and conditions
- Accelerated cashback capped at ₹400 per month; other eligible cashback follows issuer exclusions.
- 0% foreign-currency-markup offer ends 31 December 2026; do not assume it is permanent.
- UPI linkage available; lounge visits have spend and programme conditions.