HSBC Cashback Card vs ICICI Sapphiro
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 | Premium |
| Annual Fee | ₹750 + GST | ₹3,500 + GST |
| Joining Fee | ₹750 + GST | ₹3,500 + GST |
| Rewards | 1.5% unlimited cashback on all spends | 2-4 PAYBACK points per ₹100 |
| Best For | Pure Cashback | Travel & Lifestyle |
| 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 | ₹3,00,000 - ₹10,00,000 |
| Welcome Benefit | ₹750 cashback on first ₹7,500 spend | Vouchers worth ₹9,000+ |
| Min Income | ₹25,000/month | ₹50,000/month |
| Lounge Access | 2 domestic per year | 16 domestic + 4 international per year |
| 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 | ₹500 + GST |
| Rating | 4.4 | 4.4 |
| 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 Sapphiro
Travel & Lifestyle
Visa • Premium
- Buy 1 Get 1 Free on movie tickets (BookMyShow)
- Dreamfolks Membership for lounges
- 4 domestic lounge visits per quarter
- Welcome vouchers worth ₹9000+
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 Sapphiro?
HSBC Cashback Card has the higher CardKhoj rating (4.4/5) and is best for pure cashback. ICICI Sapphiro is the better fit if your priority is travel & lifestyle. The right choice depends on where you spend most.
Which has the lower annual fee: HSBC Cashback Card and ICICI Sapphiro?
HSBC Cashback Card is cheaper to hold at ₹750 + GST, compared with ₹3,500 + GST for ICICI Sapphiro.
Do HSBC Cashback Card and ICICI Sapphiro offer airport lounge access?
HSBC Cashback Card: 2 domestic per year. ICICI Sapphiro: 16 domestic + 4 international per year.
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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