With the rise of UPI payments in India, the demand for credit cards that offer both seamless digital payments and high rewards is at an all-time high. Enter the HSBC RuPay Cashback Credit Card. Designed for the modern spender, this card combines the convenience of UPI with aggressive cashback rates on everyday essentials like dining and groceries. Whether you are looking to save on foreign transaction fees or earn rewards on your daily vegetable run, this card packs a punch.
Here is everything you need to know about the HSBC RuPay Cashback Credit Card.
Top Features and Benefits
10% Cashback on dining
Earn 10% back on food delivery, dining, and groceries. Plus a flat 1.5% on other eligible spends.
0% forex mark-up
Save when you spend abroad, with 0% FX mark-up on your transactions until 31 December 2025.
10 Airport lounge visits
Get up to 2 complimentary local visits per quarter and 2 international visits per year.
Eligibility Criteria
To apply for the HSBC RuPay Cashback Credit Card, you must meet the following requirements:
- Age: 18 to 65 years
- Income: Minimum annual income of ₹6 Lakh (for salaried individuals)
- Residency: Must be an Indian resident
- Location: You must reside in one of the following cities:
- Ahmedabad, Bangalore, Chandigarh, Chennai, Coimbatore, Delhi NCR (Gurgaon, Noida), Hyderabad, Jaipur, Kochi, Kolkata, Mumbai, or Pune.
Kiwi RuPay Card
Lifetime FreeFees and Charges
BoB Eterna
Lifetime FreeWelcome Benefits
While the welcome benefits cover the joining fee for the first year, future annual fee waivers will require meeting the spend criteria.
Unlock these rewards upon joining:
- ₹500 Cashback: Download the HSBC India app and spend ₹10,000 in the first 30 days.
- ₹250 Amazon Voucher: Exclusively for online applicants who complete Video KYC (Valid Nov 11 – Dec 31, 2025).
Rewards
Airport Lounge Access
Exclusive Partner Offers
Beyond the base cashback, the HSBC RuPay card provides instant discounts with popular brands:
Swiggy Instamart
On grocery orders of ₹500 or more.
Tira
On beauty/skincare orders of ₹2499+.
(Wednesdays only)
Paytm
On utility bills, mobile recharge, and DTH.
Cleartrip
Instant discounts on domestic/intl flights and hotels.
EazyDiner
Complimentary 2-month Prime membership upon card activation.
Pros & Cons
The Good
- High Reward Rate: 10% cashback on everyday categories like dining and groceries.
- UPI Ready: Link directly to GPay/PhonePe for scan-and-pay convenience.
- Zero Forex: No markup fees on international spends (valid till Dec 2025).
- Travel Perks: Includes both domestic and international lounge access.
- Welcome Bonus: Easy to earn ₹750 value in the first month.
The Bad
- Low Capping: Total cashback is strictly limited to ₹400 per month.
- Temporary Benefit: The 0% Forex benefit expires on 31 Dec 2025.
- Many Exclusions: No cashback on fuel, utilities, rent, or e-wallets.
- Waiver Threshold: ₹2 Lakh annual spend required to waive the renewal fee.
Conclusion: Is the HSBC RuPay Cashback Card Right for You?
The HSBC RuPay Cashback Credit Card is a specialized tool rather than a generic “one-size-fits-all” card. It is an excellent choice if you are a foodie or a frequent grocery shopper who wants to unlock the convenience of UPI on credit. The 10% accelerated cashback on dining and groceries is one of the highest in the segment, and the 0% Forex markup makes it a surprisingly good travel companion for international trips until late 2025.
However, the ₹400 monthly cashback cap is a significant limitation. If you are a high spender looking for unlimited rewards, you might hit the ceiling too quickly.
This card is perfect for you if:
- You frequently order food or dine out and want 10% returns.
- You want a secondary card specifically for UPI payments.
- You travel internationally and want to avoid the standard 3.5% forex fee.
HSBC RuPay Cashback Credit Card
Frequently Asked Questions (FAQs)
Can I use the HSBC RuPay Credit Card internationally?
Yes, the card is powered by the JCB network, allowing you to use ATMs and make payments in over 160 countries. Additionally, you enjoy a 0% forex markup until Dec 31, 2025.
How do I get the Annual Fee waived?
The annual fee of ₹499 is waived if your total annual spending on the card exceeds ₹2 Lakh.
Is there a cap on the cashback I can earn?
Yes, the card currently allows you to earn up to INR 400 on your spending every month.
How do I link this card to UPI?
You can link the HSBC RuPay Cashback Credit Card to any supported UPI app (like GPay, PhonePe, or HSBC SimplyPay) by selecting “Add Credit Card” and choosing RuPay.