HSBC RuPay Cashback Credit Card: Fees, Rewards & Benefits
Dining card with lounge access
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A low-cost RuPay cashback card pairing 10% dining (capped at 400 points/month) and 1% UPI cashback with 8+2 lounge visits and a temporary 0% forex window, all for ₹499. The small dining cap and long exclusion list make it a UPI-and-dining companion rather than an all-purpose card.
Dining card with lounge access
The Bottom Line
The HSBC RuPay Cashback is built for upi and dining user and lounge-value seeker. With a ₹499 annual fee that is waived on ₹2,00,000 yearly spend, it offers 10% rewards on dining and a welcome benefit worth ₹500. It makes the most sense if your spending matches upi and dining user and lounge-value seeker.
It earns a base reward rate of 1% and stacks best when your spending lines up with UPI and dining user, Lounge-value seeker. The renewal fee gets easier to justify once you can hit ₹2,00,000 in yearly spend.
Who Should Get This Card
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Best fit for
IdealThose who dine out up to ₹4,000/month for 10% and use RuPay-on-UPI for 1% cashback, all at a low ₹499 fee.
Budget users wanting 8 domestic + 2 international lounge visits on a cheap card.
Probably not for
SkipThe wide exclusion list means utilities, fuel, rent and insurance earn no cashback.
The 400-point monthly cap quickly limits the 10% dining benefit for frequent restaurant spenders.
Is It Worth It For You?
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Reward Rates
HSBC RuPay Cashback offers 1% basic reward rate.
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Welcome Offer
INR 500 cashback for downloading and logging in to the HSBC India Mobile Banking app and spending INR 10,000 within 30 days of card issuance. Additionally: INR 250 cashback for linking the card to UPI and making 2 transactions of INR 250 or more within 30 days; INR 250 Amazon eGift Voucher on online application with video KYC completion and card issuance; 2-month EazyDiner membership on card activation.
Milestone Benefits
Annual fee waiver on eligible annual retail spends exceeding INR 2,00,000 in the previous card anniversary year.
Fees & Charges
Eligibility
- Min Income: ₹12 Lakhs
- Min Credit Score: 750
- Age 18-65; min annual income Rs 6L salaried, Rs 12L self-employed; resident of India in select cities; 10% cashback capped at Rs 400/month.
Exclusions & Terms
Forex markup
- Foreign currency markup
Cash Withdrawals
- Does not earn cashback.
EMI Payments
- Does not earn cashback.
Frequently Asked Questions
3 data-backed answers from our card database
Ready to apply?
₹499 annual fee. Apply on the HSBC website.
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