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HSBC RuPay Cashback Credit Card
RuPay 📡 Contactless NFC

HSBC RuPay Cashback Credit Card

Joining Fee₹499
Annual Fee₹499
Forex Markup 3.5%

⚖️ Card Verdict & Target Persona

Who Should Apply

Everyday UPI users and households spending on supermarket groceries and monthly utility bills seeking 5% grocery cashback and 1.5% on UPI payments.

Who Should Avoid

High spenders constrained by ₹400/month grocery cashback caps or users seeking international lounge visits.

🎁 Key Features & Highlights

🎉

Joining & Activation Welcome Gift

Complimentary 2-month EazyDiner Prime trial + ₹250 Amazon voucher on card setup

5% Cashback on Groceries

5% direct cashback on grocery shopping and supermarket spends (capped at ₹400/month).

5% Discount on Utility Bills

5% discount on utility bill payments (electricity, broadband, DTH) via Paytm (up to ₹150/month).

1.5% Cashback on RuPay UPI

1.5% cashback on all merchant UPI scan & pay transactions made via RuPay.

💰 Reward Structure & Point Valuation

1 Direct Cashback = ₹1
Standard Base Earning
1% direct cashback on all other eligible retail purchases (auto-credited monthly)
Accelerated / Partner Rate
5% direct cashback on grocery store and supermarket spends (capped at ₹400 per month); 5% discount on Paytm utility bill payments of ₹299+ (up to ₹150/month); 1.5% cashback on all merchant RuPay UPI transactions
Points Validity:Auto-credited monthly
Redemption Fee: ₹0 (Free)
Redemption Modes: Direct Statement Credit (Auto-adjusted in monthly billing cycle)
🚫 No Reward Points / Cashback on:
Fuel Rent Payments Wallet Loads Government Transactions Jewellery Cash Advances EMI

🛋️ Airport Lounge Access & Spend Criteria

✓ Lounge Access Active
🛫
Domestic Lounge Visits2 complimentary domestic airport lounge visits per calendar year (max 1 per half-year)
🌐
International Lounge VisitsNone
⚠️

Spend Criteria: None (Unconditional complimentary access)

⚡ Spend Milestones & Special Perks

Annual Fee Waiver ₹200,000/yr
Annual renewal fee of ₹499 + GST is waived off on spending ₹2,00,000 or more in the previous anniversary year
UPI Payments Support✓ Supported (RuPay)
1.5% cashback on all eligible merchant RuPay UPI QR transactions
Fuel Surcharge Waiver1% Surcharge Waived
1% fuel surcharge waiver for transactions between ₹400 and ₹4,000 (Capped at ₹250/mo)

📋 Eligibility Criteria

✓ Official Criteria
Age Limit21 - 65 Years
Min. Monthly Income₹35,000
Min. Credit Score750 CRIF
Employment TypeSalaried / Self-Employed

📊 Interest Rates & Charges

Finance Charges (Interest Rate / APR):3.75% per month (45.0% per annum)
Late Payment Penalties:Late payment charges slab-based up to ₹1,200
Official Bank Portal Application

Get the HSBC RuPay Cashback Credit Card

Annual Fee: ₹499/yr (Waivable)

Personalized Card Matcher

Still Confused About Your Best Match?

Don’t guess your cashback. Tell CardGuru your monthly grocery, UPI, and online shopping spends to calculate your exact net rupee returns in 10 seconds.

⚡ Instant Net Yield Math•🛋️ Lounge Fee Gate Check•🆓 100% Free & Impartial
Ask CardGuru Now→Takes less than 15 seconds

🔍 Related Credit Card Collections

Best Credit Cards for 750 CIBIL Score LTF Cards for Salary Under ₹35,000 All HSBC Bank Credit Cards Lounge Access Credit Cards RuPay UPI Credit Cards Best RuPay Credit Cards

Frequently Asked Questions

No, HSBC RuPay Cashback Credit Card has a joining fee of ₹499 and an annual renewal fee of ₹499 (plus applicable taxes).