HSBC Bank
HSBC RuPay Cashback Credit Card
This is an invite only card
Top Benefits
Get 10% Cashback
on Dining, Food Delivery and Grocery Spending
Get ₹500 Cashback and ₹250 Amazon eGift Voucher on Card Activation
on spending ₹10,000 within 30 days od successful application
Best For
Online Food Ordering
Dining
Grocery Shopping
Travel
Utility Bills
Expert Review
As a credit card expert, I evaluate dozens of cashback cards, and the HSBC RuPay Cashback Credit Card hits a very specific, highly lucrative sweet spot. Offering 10% cashback on groceries and dining is phenomenal value for a card that only costs Rs. 499 a year. Adding UPI integration via the RuPay network makes it incredibly practical for everyday use at corner stores. The temporary 0% forex markup combined with 10 lounge visits transforms this basic cashback card into a remarkably potent travel companion.
However, it is not without its flaws. My biggest criticism is its rigid exclusion list. Earning absolutely zero rewards on utility bills like electricity and water is a major letdown for households trying to centralize their expenses. Furthermore, capping the base reward rate at a meager 1% for all other offline and online categories means it struggles to compete with flat-rate cards for general shopping. If you are willing to use this strictly as a dedicated food, grocery, and travel card alongside a primary flat-rate card, it is one of the best Rs. 499 investments you can make.
Joining / Annual Fee
Joining Fees
₹589 ( ₹499 + GST )
Annual Fees
₹589 ( ₹499 + GST )
The HSBC RuPay Cashback Credit Card operates on an affordable fee structure designed for everyday users...
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The HSBC RuPay Cashback Credit Card operates on an affordable fee structure designed for everyday users...
The HSBC RuPay Cashback Credit Card operates on an affordable fee structure designed for everyday users. When your card is issued, you will be charged a one-time joining fee of Rs. 499 (plus applicable GST). However, the bank provides an easy way to offset this. If you pay the Rs. 499 fee and spend Rs. 10,000 within the first 30 days, you receive Rs. 500 in cashback, making your entry effectively cost-free.
From the second year onwards, the card carries an annual renewal fee of Rs. 499 (plus GST). You can easily avoid paying this renewal charge by utilizing the card as your primary payment method. The bank waives the annual fee entirely if you spend more than Rs. 2,00,000 in the preceding year. To break that down, you only need to put roughly Rs. 16,667 of your monthly expenses—such as groceries, dining, and online shopping—on this card to enjoy it free of charge year after year.
View FAQ
Commonly Asked Questions
What are the joining fees for this card?
The one-time joining fee for the card is Rs. 499, plus applicable taxes.
Can the joining fee be waived or refunded?
While not waived upfront, you can offset it entirely. By spending Rs. 10,000 in your first 30 days, you get Rs. 500 cashback, effectively covering the joining fee cost.
What is the annual renewal fee?
From the second year, you will be charged an annual fee of Rs. 499 plus GST.
Is there an annual fee waiver option?
Yes, the annual fee is completely waived off if your total spending exceeds Rs. 2,00,000 in an anniversary year.
How much do I need to spend monthly to get the fee waiver?
To hit the Rs. 2,00,000 annual target, you should aim to spend approximately Rs. 16,667 per month on the card.
Do excluded transactions count toward the fee waiver milestone?
Transactions in excluded categories such as rent, fuel, and utility payments do not contribute toward the Rs. 2,00,000 annual spend milestone for the fee waiver.
How can I get this card lifetime free?
This card is not offered as lifetime free by default. You must either pay the annual fee or meet the Rs. 2 Lakh spending requirement each year to avoid the charge.
When exactly is the annual fee charged to my account?
The annual fee is billed to your statement at the end of your 12-month membership cycle if you have not met the waiver target.
Eligibility
Age
Criteria*
21-65 years
Salary
Criteria*
6LPA
Credit
Rating*
750+
New to credit
allowed
No
Existing Bank
Customer Allowed
Yes
The bank maintains clear and accessible eligibility guidelines for the HSBC RuPay Cashback Credit Card....
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The bank maintains clear and accessible eligibility guidelines for the HSBC RuPay Cashback Credit Card....
The bank maintains clear and accessible eligibility guidelines for the HSBC RuPay Cashback Credit Card. Both salaried employees and self-employed individuals can apply for this product. The primary applicant must fall within the age bracket of 21 to 65 years at the time of submitting the application. You must have a strong credit history, with the bank requiring a minimum CRIF score of 750 or above for a smooth approval process.
The income requirements differ slightly based on your employment type. If you are a salaried professional, you need a minimum annual income of Rs. 6 Lakhs. This translates to a steady in-hand salary of about Rs. 50,000 per month. If you run your own business or work as a freelancer, the requirement is slightly higher. Self-employed applicants must demonstrate a minimum annual income of Rs. 8 Lakhs, supported by their latest Income Tax Returns (ITR). If you meet these income thresholds and maintain a clean credit record, your chances of approval are excellent.
View FAQ
Commonly Asked Questions
What is the minimum age to apply for this card?
The primary cardholder must be at least 21 years old at the time of application.
What is the maximum age limit for the primary cardholder?
The upper age limit to be eligible for this card is 65 years.
What is the minimum salary required for salaried applicants?
Salaried individuals need a minimum annual income of Rs. 6 Lakhs. This means you need to earn approximately Rs. 50,000 per month to qualify.
What is the minimum annual income for self-employed applicants?
Self-employed professionals and business owners must demonstrate a minimum annual income of Rs. 8 Lakhs through their tax filings.
Can self-employed individuals apply for this card?
Yes, both salaried and self-employed professionals are welcome to apply if they meet the specific income criteria.
What credit score is needed for approval?
A minimum CRIF credit score of 750 is strictly required as per the bank's eligibility criteria.
Will my application be rejected if my credit score is 720?
Because the bank explicitly states a 750 CRIF score requirement, applying with a 720 score carries a very high risk of immediate rejection.
Do I need an existing HSBC bank account to apply?
No, you do not need an existing HSBC bank account to apply; the card is available to all eligible applicants regardless of their current relationship with the bank.
How do I prove my income if I am self-employed?
You will need to submit your latest audited financials and Income Tax Returns (ITR) showing at least Rs. 8 Lakhs in declared annual income.
All Card Benefits
- Get upto ₹6,000 Discounts on flights and hotels via Cleartrip on full swipe (code: HSBCRPCC) and EMI transactions (code: HSBCRPEMI)
- Earn 1% cashback on all other eligible spends
- Earn up to ₹400 cashback per month
- Earn 10% Cashback on Dining, Food Delivery, and Grocery Spends
- Get 5% off on Paytm bill payments of ₹299 or more, up to ₹150 discount
Welcome Benefits and Onboarding Offers
Getting started with this card brings immediate value that ea...
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Welcome Benefits and Onboarding Offers Getting started with this card brings immediate value that ea...
Welcome Benefits and Onboarding Offers
Getting started with this card brings immediate value that easily covers your initial costs. When you successfully complete your online application and video KYC, you receive a Rs. 250 Amazon eGift Voucher. More importantly, you earn Rs. 500 cashback simply by logging into the HSBC mobile app and spending Rs. 10,000 within the first 30 days of card issuance. This effectively offsets your Rs. 499 joining fee entirely. Additionally, foodies get a complimentary 2-month EazyDiner membership to jumpstart their dining savings.
For example, if your card is approved on the 1st of the month, and you use it to pay a Rs. 10,000 insurance premium or buy appliances by the 25th, the bank will credit Rs. 500 back to you, making your first year practically free.
Cashback and Rewards Structure
The core strength of this card lies in its generous and straightforward cashback system. You earn a flat 10% cashback on all your dining, food delivery, and grocery spends. This applies to major platforms like Swiggy, Zomato, Blinkit, Zepto, and your local supermarkets. For all other eligible retail spending, the card offers a steady 1% cashback rate.
Let us look at a practical monthly example. If you spend Rs. 6,000 ordering food and buying groceries online, you earn Rs. 600 in pure cashback. If you spend another Rs. 15,000 on shopping, apparel, and travel (the 1% category), you earn Rs. 150. That is a total savings of Rs. 750 in one month, or Rs. 9,000 saved over a year, easily justifying the card's existence in your wallet.
Dining and Partner Discounts
Beyond the base 10% cashback, this card brings several instant discount codes for popular apps. You can save 10% on Swiggy Instamart orders above Rs. 500 (capped at Rs. 200 discount) by using the code HSBCRUPAY. Beauty enthusiasts can save 10% on Tira orders above Rs. 2,499 every Wednesday (up to Rs. 1,000 discount). You also get a 5% discount on Paytm bill payments above Rs. 299 using the code HSBCRUPAY, saving up to Rs. 150 per transaction.
If you order Rs. 800 worth of groceries on Swiggy Instamart using the promo code, you get an instant Rs. 80 discount at checkout. You then pay Rs. 720 with your card, which might further qualify for the card's base cashback based on merchant classification.
Travel and Airport Lounge Privileges
For an entry-level fee, the travel benefits here are highly competitive. The standout feature is the 0% forex markup on international spends valid until December 31, 2025. This makes it the perfect companion for foreign trips or buying from international websites. It also offers up to Rs. 6,000 discount on flights and hotels via Cleartrip using the code HSBCRPCC. Furthermore, travelers enjoy 10 complimentary lounge visits per year through the JCB network. This is divided into 8 domestic visits (capped at 2 per quarter) and 2 international visits yearly.
Imagine booking a hotel in Bali for Rs. 50,000. On a standard card with a 3.5% forex fee, you would pay an extra Rs. 1,750 just in bank charges. With the HSBC RuPay Cashback card's 0% forex offer, you save that Rs. 1,750 entirely.
View FAQ
Commonly Asked Questions
How do I qualify for the Rs. 500 welcome cashback?
You must log into the HSBC India mobile application and spend a minimum of Rs. 10,000 within 30 days of your card being issued.
How do I get the Amazon eGift Voucher?
The Rs. 250 Amazon eGift Voucher is awarded when you successfully complete your application online and finish the Video KYC process.
What does the complimentary EazyDiner membership offer?
The 2-month membership gives you access to premium dining discounts of 25-50% off at partner restaurants, along with an extra 10% discount through this card.
Do I need to activate the card immediately?
Yes, the bank requires a minimum transaction of Rs. 100 within 30 days to activate the card. If you fail to do this, you will not be eligible for the rewards program.
What is the base reward rate on this card?
You earn 1% cashback on all regular eligible spends outside of the accelerated categories. This is automatically adjusted in your monthly statement.
How much cashback do I get on grocery shopping?
You earn an accelerated 10% cashback on all eligible grocery spends, whether at local supermarkets or through online delivery apps.
Is food delivery included in the 10% cashback category?
Yes, spends on food delivery apps fall under the dining and food delivery category, making them eligible for the 10% cashback rate.
Do I earn cashback on utility bills like electricity?
No, utility bill payments are explicitly excluded from earning any cashback on this card.
Will I earn rewards if I use this card to pay my rent?
No, rent payments do not earn any cashback. Furthermore, rent transactions incur an additional 1% processing fee.
Does adding money to a digital wallet earn cashback?
No, wallet load transactions are excluded and will not earn the 1% or 10% cashback.
Is there a monthly limit on how much cashback I can earn?
Accelerated 10% cashback is capped at Rs. 1,000 per billing cycle, while the 1% base cashback has no monthly upper limit.
How do I calculate the value of my rewards?
Since this is a pure cashback card, the calculation is simple. Spending Rs. 10,000 on groceries directly yields Rs. 1,000 in cashback value. There is no confusing point-to-rupee conversion.
Do my earned rewards expire?
Because the cashback is directly adjusted against your monthly credit card statement, you do not have to worry about points expiring or tracking validity dates.
Are government-related transactions eligible for cashback?
No, tax payments, toll payments, and other government-related transactions are excluded from earning cashback.
How do I get the discount on Swiggy Instamart?
Build a cart of at least Rs. 500 on Swiggy Instamart, apply the coupon code HSBCRUPAY, and pay with your HSBC RuPay card to get an instant 10% off, up to Rs. 200.
Can I use the Paytm bill payment discount for my electricity bill?
Yes, while you do not earn base cashback on utilities, you can use the code HSBCRUPAY on Paytm for utility bills over Rs. 299 to get a 5% discount (up to Rs. 150).
What is the Tira Wednesday offer?
Every Wednesday, you can get a 10% discount on Tira beauty purchases by spending a minimum of Rs. 2,499. The maximum discount you can get is Rs. 1,000.
Do I get discounts when dining at physical restaurants?
Yes, you can use your complimentary EazyDiner membership for restaurant discounts, and you also earn 10% cashback on the final dining spend swiped on your card.
Can I combine the Swiggy Dineout offer with this card?
Yes, if you have Swiggy Dineout activated under your EazyDiner membership perks, you can secure bill savings at partner restaurants.
How many airport lounge visits do I get?
You get 10 visits in total per year. This includes up to 8 domestic lounge visits (maximum 2 per quarter) and 2 international lounge visits.
Do I need a separate Priority Pass for international lounges?
No, the international lounge access is facilitated directly through the JCB network associated with your RuPay card.
What is the Cleartrip flight offer?
You can use the coupon code HSBCRPCC on Cleartrip to get discounts of up to Rs. 6,000 on your flight and hotel bookings.
How does the 0% forex markup benefit me?
When you swipe your card abroad or pay on an international website in a foreign currency, the bank will not charge the standard 3.5% conversion fee until December 31, 2025.
Does the card offer any railway or cab benefits?
No, this specific credit card does not offer any dedicated benefits, discounts, or surcharge waivers for railway bookings, cabs, or bus travel.
How to Redeem Rewards & Cashback?
Rewards Conversion Rate
N/A
Redemption Options
This is a cashback card, and the cashback is adjusted in your monthly statement.
To check redemption catalogue
N/A
The HSBC RuPay Cashback Credit Card hits the market with a straightforward promise to reward your every...
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The HSBC RuPay Cashback Credit Card hits the market with a straightforward promise to reward your every...
The HSBC RuPay Cashback Credit Card hits the market with a straightforward promise to reward your everyday spending heavily. Built on the indigenous RuPay network, this card allows you to link it directly to your UPI apps for fast, rewarding payments at your neighborhood stores. With a flat 10% cashback on dining, food delivery, and grocery spends, it immediately positions itself as a powerhouse for everyday household expenses. If you frequently order from Swiggy, grab groceries online, or dine out on weekends, this card ensures a large chunk of that money comes right back to your statement.
What sets this card apart from generic cashback competitors is its unique blend of local utility and international travel perks. While most entry-level cashback cards charge heavy markup fees abroad, this card offers an impressive 0% forex markup on international spends until December 31, 2025. Coupled with 10 complimentary airport lounge visits per year via the JCB network, it serves equally well at a local grocery store as it does on a vacation in Dubai. It targets the modern, digitally savvy professional who wants simple statement credits without the hassle of converting points or memorizing complex reward catalogs.
View FAQ
Commonly Asked Questions
Is the HSBC RuPay Cashback Credit Card lifetime free?
No, it carries a joining fee of Rs. 499 and an annual renewal fee of Rs. 499. However, the annual fee is waived if you spend Rs. 2,00,000 in a year.
Who is the ideal user for this card?
This card is perfect for people who spend heavily on dining, food delivery, and groceries, as it offers a massive 10% cashback in these categories. It also suits frequent international travelers taking advantage of the 0% forex markup offer till December 2025.
Can I use this card for UPI payments?
Yes, because it is issued on the RuPay network, you can link it to popular UPI applications like BHIM, PhonePe, or Google Pay to scan and pay directly from your credit limit.
Does this card offer airport lounge access?
Yes, it provides up to 10 complimentary airport lounge visits every year. This includes 8 domestic visits and 2 international visits via the JCB network.
Bank Exclusions
You will not earn points / cashback on spends in the following categories
For Points / Cashback Earnings
Fuel Spends
Wallet Loads
Rent Payment
Business Services
Education Spends
Government-Related Transactions
Insurance Payments
Jewellery Purchases
Antique Items
Gambling Transactions
Toll Payments
Cash Advances
ATM Cash Withdrawals
Outstanding Payments
Forex Transactions
Cryptocurrency/Digital Asset Transactions
Liquid Assets
Security Broker Services
Collection Agencies
Charity
Donations
Money Transfers
Utility Bill Payments
For Spends Waiver
Fuel Spends
Wallet Loads
Rent Payment
Business Services
Education Spends
Government-Related Transactions
Insurance Payments
Jewellery Purchases
Antique Items
Gambling Transactions
Toll Payments
Cash Advances
ATM Cash Withdrawals
Outstanding Payments
Forex Transactions
Cryptocurrency/Digital Asset Transactions
Liquid Assets
Security Broker Services
Collection Agencies
Charity
Donations
Money Transfers
Utility Bill Payments
To maximize your savings, you must understand where this card does NOT work. The bank maintains a stric...
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To maximize your savings, you must understand where this card does NOT work. The bank maintains a stric...
To maximize your savings, you must understand where this card does NOT work. The bank maintains a strict list of merchant categories that are excluded from earning the 1% or 10% cashback. You will not earn any rewards on Fuel Spends, Wallet Loads, Rent Payments, Utility Bill Payments, Insurance Payments, or Education Spends. Government-related transactions, toll payments, and business services also yield zero returns.
Furthermore, spending on Jewellery, Antique Items, Liquid Assets, Forex Transactions, Cryptocurrency, Money Transfers, and Charity or Donations are entirely excluded. Cash advances, ATM withdrawals, and paying outstanding card balances naturally earn no rewards. For example, if you use this card to pay a Rs. 15,000 life insurance premium and a Rs. 5,000 electricity bill, you will earn exactly Rs. 0 in cashback. You must route these specific expenses through a different utility-focused credit card to ensure you don't leave money on the table.
View FAQ
Commonly Asked Questions
Which transactions do not earn any cashback on this card?
Excluded categories include Fuel, Wallet Loads, Rent, Utilities, Insurance, Education, Government payments, Jewellery, Crypto, Charity, and Cash withdrawals.
Does paying rent with this card earn cashback?
No, rent payments are completely excluded from earning cashback. Additionally, a 1% fee applies to the transaction amount.
Are utility bill payments such as electricity and water excluded?
Yes, utility bill payments fall under the excluded list and will not accumulate any cashback on this card.
Do wallet top-ups or gift card purchases earn rewards?
No, loading money into digital wallets is considered a quasi-cash transaction and is excluded from the reward program.
Are education or school fee payments excluded from earning rewards?
Yes, any spends categorized as education services or school fees will not earn the standard 1% cashback.
Will I get cashback when I buy gold or jewellery?
No, jewellery purchases and buying antique items are explicitly excluded from the cashback program.
Are fuel transactions excluded from rewards?
Yes, fuel spends do not earn any cashback, and this card does not provide fuel surcharge waivers.
What happens if I accidentally make a payment in an excluded category?
The transaction will process normally and deduct from your credit limit, but you simply won't earn any cashback for that specific spend.
Bank Fee Structure
| Structure | Details |
|---|---|
Forex Markups  3.5% forex markup is charged on transactions made in currencies other than INR. Applies to international POS payments and online purchases charged in foreign currency | 3.5% |
APR Fees Finance charges of 3.49% per month (41.88% per annum) apply on unpaid outstanding balances until the amount is fully repaid. | 3.49% |
ATM withdrawal 2.5% of the withdrawn amount is charged on cash advances using the credit card (minimum ₹500, if applicable). | 2.50% |
Reward Redemption Fees No fee is charged when redeeming reward points on this card. | Not Applicable |
Link for all T&Cs | Click Here |
Railway Surcharge A surcharge of 1% is applied to transactions made for booking railway tickets. | 1% |
Rent Payment Fees 1% of the transaction amount is charged as a fee on rent payment transactions, subject to applicable GST and platform charges | 1% |
cheque Payment Fees No cheque payment fee is charged | Not Applicable |
Cash Payment Fees ₹100 cash payment fee per deposit. | ₹100 |
| Late Payment Fees | Amount Due |
|---|---|
| ₹0 - ₹250 | ₹250 |
| ₹251 - ₹500 | ₹500 |
| ₹501 - ₹1200 | ₹1200 |
The fee structure of the HSBC RuPay Cashback Credit Card is highly competitive, though you must pay att...
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The fee structure of the HSBC RuPay Cashback Credit Card is highly competitive, though you must pay att...
The fee structure of the HSBC RuPay Cashback Credit Card is highly competitive, though you must pay attention to penalty charges and exclusions. The following paragraphs break down every specific charge associated with managing this card.
The joining fee for this card is Rs. 499 plus applicable GST, which is charged as a one-time fee at the time of card issuance. However, the bank offers an easy offset mechanism. For example, if you pay the Rs. 499 fee and spend Rs. 10,000 on groceries within your first 30 days, the bank credits Rs. 500 cashback to your account, fully recovering your initial cost.
From the second year, an annual renewal fee of Rs. 499 plus GST applies. You can avoid this recurring charge completely if you spend more than Rs. 2,00,000 in an anniversary year. For instance, if you average Rs. 17,000 in monthly expenses across dining, apparel, and travel, you will easily cross the 2 Lakh threshold, making the card free for the next year.
If you fail to pay your full statement balance by the due date, finance charges of 3.99% per month (which translates to a heavy 47.88% per annum) apply. Let's say you carry forward a balance of Rs. 10,000 to the next month; you will accrue roughly Rs. 399 in interest charges alone for that single month, which rapidly diminishes any cashback you earned.
Late payment charges are applied in slabs based on your outstanding balance: Rs. 5 for balances Rs. 0-40, Rs. 10 for Rs. 41-100, Rs. 100 for Rs. 101-500, Rs. 500 for Rs. 501-5000, Rs. 750 for Rs. 5001-10000, Rs. 950 for Rs. 10001-25000, Rs. 1100 for Rs. 25001-50000, and Rs. 1300 for balances above Rs. 50000. For example, if you forget to pay a Rs. 15,000 bill, you will be hit with a Rs. 950 late fee on top of the 3.99% interest charges.
The standard forex markup fee is 3.5% on international transactions, but the card currently offers a 0% forex markup promotional period until December 31, 2025. After this promo ends, if you spend USD 100 (roughly Rs. 8,300) on an international website, the bank will charge an extra Rs. 290 as a conversion fee.
If you use your credit card to withdraw cash from an ATM, the bank charges a massive 2.5% of the withdrawn amount, subject to a minimum of Rs. 500. For instance, if you withdraw Rs. 10,000 in an emergency, you will instantly be billed a Rs. 500 cash advance fee, and interest will start accruing on the amount from day one.
Using this card to pay your monthly house rent incurs a 1% processing fee on the transaction amount, plus GST. For example, if you pay a Rs. 20,000 rent bill through an online platform using this card, the bank will add a Rs. 200 convenience fee to your statement, and you will not earn any cashback on the transaction.
Booking train tickets offline carries a railway surcharge. A railway booking surcharge of 1.80% applies for online transactions, and 2.50% applies for other offline bookings. If you book a Rs. 2,000 ticket at a railway counter, you will pay an extra Rs. 50 as a surcharge fee.
If you choose to pay your credit card bill by walking into a bank branch and depositing physical currency, a cash payment fee of Rs. 100 is applied per deposit. To avoid this Rs. 100 penalty, always pay your bills digitally via NEFT, UPI, or the bank's mobile application.
Fortunately, if you prefer paying your credit card bill via a physical cheque, no cheque payment fee is charged. You can drop a cheque in the bank's drop box without worrying about processing fees, though bounce charges will apply if the cheque is dishonored.
Finally, the bank levies a reward redemption handling fee of Rs. 99 plus applicable GST per redemption request. Even though this is a cashback card, if this fee is triggered on a manual redemption of promotional points, pulling Rs. 500 worth of value out of your account will effectively cost you Rs. 99, netting you only Rs. 401.
| Fee Type | Amount / Rate |
|---|---|
| Joining Fee | Rs. 499 (Offset with 10k spend in 30 days) |
| Annual Fee | Rs. 499 (Waived on 2L annual spend) |
| Interest Rate (APR) | 3.99% per month (47.88% per annum) |
| Late Payment Fee | Rs. 5 to Rs. 1,300 based on outstanding balance |
| Forex Markup | 3.5% (0% promo till Dec 31, 2025) |
| Cash Withdrawal Fee | 2.5% (Minimum Rs. 500) |
| Rent Payment Fee | 1% of transaction amount |
| Railway Surcharge | 1.80% online / 2.50% offline |
| Cash Payment Fee | Rs. 100 per deposit |
| Cheque Payment Fee | Nil |
| Reward Redemption Fee | Rs. 99 per request |
View FAQ
Commonly Asked Questions
What are the joining fees for this card?
The joining fee is Rs. 499 plus GST, but you can offset it by getting Rs. 500 cashback when you spend Rs. 10,000 within 30 days.
What is the annual or renewal fee?
The annual renewal fee is Rs. 499 plus GST, charged from the second year onwards.
Is there an annual fee waiver based on spending?
Yes, the bank waives the Rs. 499 annual fee if your total spends exceed Rs. 2,00,000 in the previous year.
How can I get this card lifetime free?
This card is not lifetime free. You must meet the Rs. 2 Lakh spending requirement annually to avoid the renewal fee.
What is the interest rate if I don't pay my full balance?
A heavy finance charge of 3.99% per month (47.88% per annum) applies to any unpaid outstanding balances.
How is the interest calculated on outstanding balances?
Interest is calculated daily on your total unpaid balance from the date of the transaction until the amount is fully repaid.
What are the late payment charges?
Late fees range from Rs. 5 to Rs. 1,300 depending on the size of your outstanding balance at the time of the missed deadline.
Is the late payment fee different based on outstanding amount?
Yes, it is slab-based. For example, a balance between Rs. 10,001 and Rs. 25,000 attracts a Rs. 950 late fee.
What is the forex markup for international transactions?
While the standard rate is 3.5%, the card offers a special 0% forex markup promotion valid until December 31, 2025.
Can I withdraw cash using my credit card?
Yes, but you will be charged a massive cash advance fee of 2.5% of the withdrawn amount, subject to a minimum of Rs. 500.
What happens if I spend more than my credit limit?
Exceeding your credit limit results in an overlimit penalty of 2.5% of the overlimit amount, with a minimum charge of Rs. 500.
Are there fees for paying rent with this card?
Yes, paying rent via third-party platforms incurs a 1% processing fee from the bank on top of platform charges.
Is there a fee for paying my bill in cash?
Yes, depositing physical cash at a branch to clear your credit card bill will attract a Rs. 100 cash payment penalty.
What are the charges for cheque payment of bills?
There is no processing fee charged if you decide to pay your credit card bill using a cheque.
Is there a fee to redeem my reward points?
The automated statement cashback is free of charge. The Rs. 99 handling fee only applies to manual redemption of specific promotional points if available.
Who Should Get This Card?
If you are the designated grocery shopper of the house, or the person who always pays the bill at weekend dinners, this card is built for you. The 10% cashback on groceries and dining is phenomenally high for an entry-level Rs. 499 card. Furthermore, if you are planning a trip abroad anytime before December 2025, the 0% forex markup feature alone will save you thousands of rupees, making this an absolute must-have companion card.
However, you should pass on this card if you are looking for a one-size-fits-all solution for utility bills, insurance premiums, and generic retail shopping. Because it limits its high returns strictly to food and groceries and excludes utilities entirely, an online-focused card like the SBI Cashback or a milestone-based card might serve a general shopper much better.
Credit Limit and What to Expect
Your credit limit is not a fixed number; it is dynamically assigned based on your financial profile. When the bank reviews your application, they look closely at your Rs. 6 LPA or Rs. 8 LPA income, your CRIF score of 750+, and your existing debts. If you have a clean repayment history and a high salary, you can expect a generous starting limit that gives you plenty of room to maximize that 10% grocery and dining cashback.
View FAQ
Commonly Asked Questions
What credit limit will I get on this card?
The bank decides your credit limit based on your declared income, credit score, and existing financial obligations. It varies from person to person.
Can I request a higher limit immediately after approval?
No, you generally need to use the card responsibly for at least 6 months before the bank considers a credit limit enhancement.
Does spending heavily on groceries affect my credit utilization?
Yes, all spends contribute to your credit utilization ratio. Try to keep your total outstanding balance below 30% of your total assigned limit to maintain a healthy credit score.
Will the bank increase my limit automatically?
Banks periodically review accounts. If you pay your bills on time and have a good spend history, they may send you a pre-approved limit increase offer.
Can I set a lower limit for online transactions?
Yes, using the HSBC Mobile App, you can easily set custom transaction limits for online, offline, and contactless payments for better security.
What happens if I cross my credit limit?
Overlimit transactions incur a fee of 2.5% of the overlimit amount, subject to a minimum of Rs. 500.
How to Apply?
Applying for the HSBC RuPay Cashback Credit Card is a fully digital process that you can complete from your smartphone or laptop. You can start the application using the official network link or partner platforms. You will need to enter your personal details, employment information, and PAN number to check your initial eligibility.
Once conditionally approved, you must complete the Video KYC (VKYC) process. Make sure you have your original PAN card handy, a blank paper with a black pen for your signature, and a stable internet connection. The bank requires you to be within a 50 km radius of your declared residential address during the Video KYC call. Once the KYC is verified and final checks are done, your virtual card will be generated in the HSBC app, and the physical card will be dispatched to your home.
View FAQ
Commonly Asked Questions
Where can I apply for this credit card?
You can apply online directly through the provided HSBC network link or the official bank website for a smooth digital onboarding experience.
What is Video KYC and is it mandatory?
Video KYC is a mandatory video call with a bank agent to verify your identity. It allows you to complete the application without physically visiting a branch.
Are there geographic restrictions for Video KYC?
Yes, you must be physically present within a 50 km radius of your registered residential address when attending the Video KYC call.
What do I need for a successful Video KYC call?
Keep your original physical PAN card ready, ensure you are in a well-lit room with a strong internet connection, and allow location tracking on your browser.
How long does the approval process take?
Once the Video KYC is successfully completed and your income documents are verified, final approval takes 5-7 working days.
Can I track my application status?
Yes, after submitting the form, you will receive an Application Reference Number which you can use on the bank's portal to check your real-time status.
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Top Benefits
Top Benefits
Get 10% Cashback
on Dining, Food Delivery and Grocery Spending
Get ₹500 Cashback and ₹250 Amazon eGift Voucher on Card Activation
on spending ₹10,000 within 30 days od successful application
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