HSBC RuPay Cashback Credit Card Review
Author And Publisher: Gyro 3.oHSBC RuPay Cashback Credit Card
Financial Expert Advice
Choose Your First (or Next) Credit Card Wisely
Maintain Two Credit Cards: One For Routine Expenses And Auto-Debits, And Another Reserved For Emergencies. Avoid Pursuing Rewards; Prioritize Financial Stability And Discipline.
HSBC RuPay Cashback Credit Card Review:
Direct Cashback Card with 10% Dining/Grocery,
1% Base, 10 Lounges & ₹750 Welcome
introduction
HSBC’s RuPay Cashback Credit Card is a smart choice for everyday users and UPI spenders who prefer simple, direct cashback rewards without high fees. It offers strong value through welcome benefits, generous dining and grocery cashback, unlimited everyday savings, complimentary lounge visits, and seamless RuPay UPI integration. Added perks include deals on food delivery, beauty, travel, and bill payments, with cashback credited directly to the account—no conversions or complications.
key features and benefits
Welcome Benefits
- Get INR 500 cashback when you download and log on to the HSBC India Mobile Banking app and spend INR 10,000 within the first 30 days of getting your card.
- Get an INR 250 Amazon eGift Voucher when you apply online, verify yourself by video and receive your card.
- Plus, enjoy a 2-month EazyDiner membership when you activate your RuPay credit card.
Reward Structure
- Get 10% cashback on dining, food delivery and grocery spending.
- Plus earn 1% cashback on all other eligible spend.
Airport Lounge Access
- Get up to 2 complimentary local visits per quarter and 2 international visits per year.
UPI Integration
- Make hassle-free payments anytime, anywhere with HSBC SimplyPay and other UPI apps.
- Make payments using a QR code, mobile number, virtual payment address or account number with IFSC code.
additional perks
- Get discounted makeup, skincare and more at Tira; Save 10% on orders of INR 2,499 or more every Wednesday (max discount INR1,000).
- Save on grocery deliveries with Swiggy Instamart; Enjoy 10% off on orders of INR500 and above (max discount INR200), using coupon code HSBCRUPAY.
- Enjoy money off your bills with Paytm: Use promo code HSBCRUPAY to get 5% off transactions of INR299 or more on mobile (prepaid and postpaid), broadband, DTH, water bills, gas cylinders, piped gas bills, FASTag and electricity bills (max discount INR150).
- Cleartrip; Get discounts up to INR6,000 on flights and hotels via Cleartrip. Use coupon code HSBCRPCC for full swipe transactions and HSBCRPEMI for EMI transactions.
Card Essential
____________________________________
Type:- cashback
____________________________________
Welcome Benefits:- cashback, voucher, membership
____________________________________
Joining Fee :- ₹499 + GST
____________________________________
Annual Fee:- ₹499 + GST
Reward Structure:- cashback on SPENDS
____________________________________
Renewal Benefit:- Spend ₹2 lakh annually to waive the renewal fee.
____________________________________
Interest Rate:- 3.75% per month (i.e., 45% per annum)
____________________________________
Forex Mark-up:- 3.5% + GST
____________________________________
Cash Advance Charges:- 2.5% of withdrawal amount, minimum of ₹500
____________________________________
Over Limit Charges:- 2.5% of overlimit amount, minimum of ₹500
____________________________________
Wallet Transactions Charges:- ----
____________________________________
Rental Transactions Charges :- 1% + GST
____________________________________
Utility Transactions Charges:- ----
____________________________________
Education Fee Payment Charges:- ----
____________________________________
Railway Ticket Purchase Fee:- ----
Rewards and Benefits Analysis
Best for: Dining enthusiasts, grocery shoppers, UPI users.
Real Value Example [₹15L annual spend]: Dining ₹6L @10% (₹4,800 cap), Groceries ₹3L @10% (₹4,800 cap), Standard ₹6L @1% (₹6,000), Welcome bonus ₹750, 10 lounge visits (₹25,000), Swiggy/Tira/Paytm/Cleartrip offers (₹10,000) = Total Year 1 Value ₹51,850+
Practical Considerations
Fees & Charges Summary:
₹499 joining and annual fees (easily waivable on ₹2 lakh annual spend).
3.5% forex markup on international.
interest rate: 3.75% per month (i.e., 45% per annum).
Eligibility:
Age: 18-65 years.
Income: ₹600,000+ annual minimum (salaried/self-employed).
Residency: Indian resident.
Geography: 13 metro cities (Mumbai, Delhi NCR, Bangalore, Pune, Hyderabad, Chennai, Kolkata, Kochi, Coimbatore, Jaipur, Chandigarh, Ahmedabad, Gurgaon, Noida).
Redemption Options
Direct Cashback Credit:
- Cashback automatically credited to card account (no points conversion needed).
Best Value Strategy:
Consolidate dining and grocery spending within ₹400/month cap.
Stack Swiggy (10%), Tira (10%), Paytm (5%) discounts.
Book travel via Cleartrip for up to ₹6K savings.
Ideal User Profile
Dining enthusiasts and restaurant regulars.
Regular grocery and food delivery shoppers.
UPI and digital payment users.
Everyday spenders in metro cities earning ₹600K+.
Final Thoughts
Strengths:
₹750 welcome benefits (₹500 cashback + ₹250 voucher + EazyDiner).
10% dining cashback (exceptional category acceleration).
10% grocery cashback (strong household earning).
Unlimited 1% cashback on all other spends.
Direct cashback crediting (no points conversion delay).
RuPay UPI integration (HSBC SimplyPay + third-party apps).
Limitations:
1% base modest for non-cashback categories.
no golf access and other lifestyle perks.
Geographic restriction (13 metros only).
Verdict:
Recommended for dining enthusiasts and international travellers in metros earning ₹600K+—the combination of 10% dining/grocery cashback, unlimited 1% base, direct cashback crediting, waivable ₹499 fee, and 10 lounges creates genuine everyday and travel value. Best for those spending ₹1.5L+ annually with consistent dining/international purchasing.
This review offers a clear and balanced overview of The HSBC RuPay Cashback Credit Card’s strengths and limitations, helping readers make an informed choice about whether this card fits their
Spending Habits And Financial Goals.
Gyro - Your Financial Compass Is A Constantly Updating Financial Insights Engine That Aggregates Data From Various Sources To Provide Up-To-Date insights On Banking Products. Cashon.cards Offers Blogs, Videos, And Podcasts To Help Users Make Informed Financial Decisions.