HSBC Cashback Card Review 2026
Last reviewed:
Quick verdict
A clean, no-nonsense cashback card offering 1.5% unlimited cashback on everything you spend. No merchant restrictions or category tracking needed — just swipe and earn. The fee waiver at ₹1L spend is easily achievable, making it an excellent secondary card for all-purpose use.
Pros
- Airport lounge access: 2 domestic per year
- Welcome benefit: ₹750 cashback on first ₹7,500 spend
Cons
- 3.5% + GST forex markup makes it expensive abroad
- Interest of 3.49% per month (41.88% p.a.) if you carry a balance
Key benefits
- No merchant category restrictions
- Cashback auto-credited to statement
- Global acceptance — accepted in 200+ countries
- Fee waiver on ₹1L annual spend
Fees & charges at a glance
| Joining Fee | ₹750 + GST |
|---|---|
| Annual Fee | ₹750 + GST |
| Rewards | 1.5% unlimited cashback on all spends |
| Welcome Benefit | ₹750 cashback on first ₹7,500 spend |
| Lounge Access | 2 domestic per year |
| Fuel Surcharge Waiver | 1% waiver on ₹400-₹5,000 txns |
| Foreign Txn Fee | 3.5% + GST |
| Interest Rate | 3.49% per month (41.88% p.a.) |
| Credit Limit | ₹50,000 - ₹5,00,000 |
| Add-On Card Fee | Free |
| Min Income | ₹25,000/month |
| Network | Visa |
| Contactless | Yes |
| EMI Conversion | Yes |
Who should get this card?
The HSBC Cashback Card is best suited for pure cashback. It is a cashback card on the Visa network, and HSBC India generally looks for a minimum income of ₹25,000/month. If your spending matches its reward categories (1.5% unlimited cashback on all spends), the card can pay for its annual fee of ₹750 + GST. If not, a lifetime-free card may give you better net value.
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HSBC Cashback Card: frequently asked questions
What is the annual fee of the HSBC Cashback Card?
The HSBC Cashback Card has a joining fee of ₹750 + GST and an annual fee of ₹750 + GST. Many banks waive the renewal fee when you cross a yearly spend milestone — check the latest waiver condition with HSBC India.
What rewards does the HSBC Cashback Card give?
1.5% unlimited cashback on all spends. No merchant category restrictions. Cashback auto-credited to statement.
Does the HSBC Cashback Card offer airport lounge access?
Yes. The HSBC Cashback Card offers 2 domestic per year. Lounge programmes are often linked to a minimum spend in the previous quarter, so confirm the current rule with HSBC India.
What is the eligibility and minimum income for the HSBC Cashback Card?
HSBC India typically requires a minimum income of ₹25,000/month for the HSBC Cashback Card, along with a good credit score (750+ improves approval chances), age of 21 or above, and valid KYC documents (PAN and Aadhaar).
What is the interest rate on the HSBC Cashback Card?
The HSBC Cashback Card charges 3.49% per month (41.88% p.a.) on unpaid balances. Interest is avoided completely if you pay the full statement amount by the due date every month.
What is the forex markup on the HSBC Cashback Card?
The foreign currency markup on the HSBC Cashback Card is 3.5% + GST. Cards with a 2% or lower markup are better for frequent international travel and foreign-currency online shopping.
Can I link the HSBC Cashback Card to UPI?
No. The HSBC Cashback Card runs on the Visa network. Only RuPay credit cards can be linked to UPI in India at present.
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