HSBC Cashback Card vs ICICI Platinum Chip
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 | ICICI Bank |
| Card Type | Cashback | Entry Level |
| Annual Fee | ₹750 + GST | ₹199 + GST |
| Joining Fee | ₹750 + GST | ₹199 + GST |
| Rewards | 1.5% unlimited cashback on all spends | 2 PAYBACK points per ₹100 on all spends |
| Best For | Pure Cashback | Budget Users |
| Interest Rate | 3.49% per month (41.88% p.a.) | 3.40% per month (40.80% p.a.) |
| Credit Limit | ₹50,000 - ₹5,00,000 | ₹15,000 - ₹1,50,000 |
| Welcome Benefit | ₹750 cashback on first ₹7,500 spend | None |
| Min Income | ₹25,000/month | ₹12,000/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 | 3.9 |
| 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
ICICI Platinum Chip
Budget Users
Visa • Entry Level
- Lowest annual fee ICICI card
- Fuel surcharge waiver
- Contactless payments enabled
- Easy upgrade path to Coral/Sapphiro
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 ICICI Platinum Chip?
HSBC Cashback Card has the higher CardKhoj rating (4.4/5) and is best for pure cashback. ICICI Platinum Chip is the better fit if your priority is budget users. The right choice depends on where you spend most.
Which has the lower annual fee: HSBC Cashback Card and ICICI Platinum Chip?
ICICI Platinum Chip is cheaper to hold at ₹199 + GST, compared with ₹750 + GST for HSBC Cashback Card.
Do HSBC Cashback Card and ICICI Platinum Chip offer airport lounge access?
HSBC Cashback Card: 2 domestic per year. ICICI Platinum Chip: 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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