HSBC Cashback Credit Card

HSBC Cashback Credit Card


Joining Fee: Zero
Annual Fee: Zero



Reward Rate

1.5% to 10%



Issued On



Domestic Airport Lounge Access

Table of Contents

When it comes to cashback credit cards, some of the popular options are SBI Cashback, Flipkart Axis, Axis Ace and AU Xcite Ace. But, we have some other good options as well like the Airtel Axis Bank credit card and the HSBC Cashback credit card. HSBC Cashback credit card offers 1.5% cashback on retail spends. But the USP is the 10% cashback on select categories like dining, food delivery and grocery spends. All three are essential spends and this is where the HSBC Cashback credit card is useful.


  • Age: Between 18 and 65 years
  • Minimum Annual Income for salaried individuals: Rs 3 Lakhs per annum
  • City of Residence: Bangalore, Chennai, Gurugram, Hyderabad, Mumbai, New Delhi, Noida, Pune, Chandigarh, Kolkata, Jaipur and Ahmedabad

HSBC does not provide the Cashback credit card to self-employed individuals. There are some rare exceptions if there is an existing saving account with a high balance but we have not seen this working for some time now. You need a very high NRV for this to work.

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Fees and Charges

Joining FeeRs 999+GST
Welcome BenefitSpend Rs 10000 within first 30 days to get Rs 1000 Amazon GV
Annual FeeRs 999+GST
Annual Fee WaiverSpend Rs 2 Lakhs in a membership year
Renewal BenefitNone
HSBC Cashback Credit Card Review: Fees & Charges

The joining fee is well compensated with the Amazon GV. So, it is ‘free’ for the first year except the GST part.


Type of SpendCashbackCap
Retail Spends1.5%None
Dining, Food Delivery and Grocery Spends10%Rs 1000 per billing cycle
Fuel, Wallets, Rent, Property Management, Education, Government, Insurance, Jewelers, Tolls, Financial Institutions, Wholesale ClubsNone
HSBC Cashback Credit Card Review: Cashback

That is quite an exhaustive list of exclusions for 1.5% cashback. But, the HSBC Cashback credit card it is still a good option as other retail spends still get unlimited 1.5% cashback. This is the same as what Flipkart Axis Bank credit card also offers for retail spends.

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The 10% cashback on dining, food delivery and grocery spends is a big plus. It is valid for any spend in these categories. So, you can spend at any grocery shop or order from Swiggy/Zomato and get 10% cashback. If you can maximize on this, this alone will give you Rs 12000 worth of cashback in a year.

Cashback Redemption

The earned cashback in a billing cycle is credited to the card account within 45 days of the card statement date.

Complimentary Airport Lounge Access

HSBC Cashback credit card offers 4 complimentary visits per year to domestic airport lounges.

There is no international airport lounge access on the HSBC Cashback credit card.

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BookMyShow BOGO Offer on HSBC Cashback Credit Card

HSBC and BookMyShow run a BOGO offer for booking movie tickets on Saturdays for shows running on any day of the week. The maximum price of the free ticket is capped at Rs 250.

Other Key Benefits & Charges

  • Foreign Currency Markup: 3.5%+GST ~4.13%
  • Fuel Surcharge Waiver: Not Available

Final Thoughts

HSBC Cashback is one of the best cashback credit cards today. With 1.5% to 10% cashback on spends, it is a must have cashback credit card. We get an annual fee waiver at Rs 2 Lakh spend. This is quite achievable as major spend categories like dining, grocery and food delivery offer 10% cashback.

Frequently Asked Questions

HSBC Cashback Credit Card

Card Maven

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4 thoughts on “HSBC Cashback Credit Card”

  1. Ankur Dhanda

    Thanks for this review with updated Cashback card.
    Please do a review of the HSBC Premier Card as well.

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