HSBC Cashback Card vs HSBC Smart Value
Side-by-side credit card comparison to help you choose the best one.
HSBC Cashback Card
Why this card wins: Pure Cashback — 1.5% unlimited cashback on all spends
| Feature | ||
|---|---|---|
| Bank | HSBC India | HSBC India |
| Card Type | Cashback | Cashback |
| Annual Fee | ₹750 + GST | Lifetime Free |
| Joining Fee | ₹750 + GST | Nil |
| Rewards | 1.5% unlimited cashback on all spends | 5% cashback on Swiggy, BigBasket, Amazon |
| Best For | Pure Cashback | Online Shopping |
| Interest Rate | 3.49% per month (41.88% p.a.) | 3.49% per month (41.88% p.a.) |
| Credit Limit | ₹50,000 - ₹5,00,000 | ₹25,000 - ₹3,00,000 |
| Welcome Benefit | ₹750 cashback on first ₹7,500 spend | None |
| Min Income | ₹25,000/month | ₹20,000/month |
| Lounge Access | 2 domestic per year | None |
| Fuel Surcharge Waiver | 1% waiver on ₹400-₹5,000 txns | 1% waiver on ₹400-₹5,000 txns |
| Foreign Txn Fee | 3.5% + GST | 3.5% + GST |
| Add-On Card Fee | Free | Free |
| Rating | 4.4 | 4.2 |
| Contactless | ||
| EMI Conversion |
Key Features
HSBC Cashback Card
Pure Cashback
Visa • Cashback
- No merchant category restrictions
- Cashback auto-credited to statement
- Global acceptance — accepted in 200+ countries
- Fee waiver on ₹1L annual spend
HSBC Smart Value
Online Shopping
Mastercard • Cashback
- No annual fee ever
- 5% cashback on top online platforms
- 1% cashback on all other spends
- Smart EMI on purchases above ₹2,500
Verdict
Based on rating and overall value, HSBC Cashback Card ranks highest among your selected cards. It excels at Pure Cashback and offers 1.5% unlimited cashback on all spends.
Frequently asked questions
Which is better: HSBC Cashback Card or HSBC Smart Value?
HSBC Cashback Card has the higher CardKhoj rating (4.4/5) and is best for pure cashback. HSBC Smart Value is the better fit if your priority is online shopping. The right choice depends on where you spend most.
Which has the lower annual fee: HSBC Cashback Card and HSBC Smart Value?
HSBC Smart Value is cheaper to hold at Lifetime Free, compared with ₹750 + GST for HSBC Cashback Card.
Do HSBC Cashback Card and HSBC Smart Value offer airport lounge access?
HSBC Cashback Card: 2 domestic per year. HSBC Smart Value: no complimentary lounge access.
Which card is better for international spending?
All of them charge the same forex markup of 3.5% + GST, so choose based on other benefits.
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