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Cashback SBI Credit Card VS HSBC RuPay Cashback Credit Card

A detailed, side-by-side look at 2 leading credit cards. Analyze the features that matter most to you and make an informed choice.
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Last updated: 30 July 2026

Both Cashback SBI Credit Card and HSBC RuPay Cashback Credit Card suit utilities-focused spenders, but they earn and cost differently. Cashback SBI Credit Card costs ₹999 + GST and earns 5% cashback on online spends (capped at Rs. 2,000 per statement cycle) and 1% cashback on offline spends (capped at Rs. 2,000 per statement cycle). HSBC RuPay Cashback Credit Card costs ₹499 + GST and earns 10% cashback on dining, food delivery, groceries; 1% on others. Monthly cap of INR 400. HSBC RuPay Cashback Credit Card also brings up to 2 complimentary domestic airport lounge visits per quarter. If shopping spending matters more, go with Cashback SBI Credit Card; if dining is the priority, HSBC RuPay Cashback Credit Card fits better.

Cashback SBI Credit Card
Cashback SBI Credit Card
HSBC RuPay Cashback Credit Card
HSBC RuPay Cashback Credit Card

Fees & Charges

Joining Fee₹999 + GST
Joining Fee₹499 + GST
Renewal Fee₹999 + GST
Renewal Fee₹499 + GST
Spend Based WaiverAnnual fee is reversed if annual spends in the previous year are Rs. 2,00,000 or more.
Spend Based WaiverWaived on annual spend of ₹200,000.
Foreign Transaction Fees3.5% + GST
Foreign Transaction Fees0% on transactions until July 31, 2026.
Interest Rate (APR)3.75% per month (45% per annum)
Interest Rate (APR)

Rewards & Benefits

Welcome BonusNo specific welcome benefits or joining perks are listed for this card.
Welcome BonusINR 500 cashback, INR 250 Amazon eGift Voucher, 2-months EazyDiner membership, and INR 250 UPI cashback.
Rewards Rate5% cashback on online spends (capped at Rs. 2,000 per statement cycle) and 1% cashback on offline spends (capped at Rs. 2,000 per statement cycle); max combined Rs. 4,000 per statement cycle.
Rewards Rate10% cashback on dining, food delivery, groceries; 1% on others. Monthly cap of INR 400.
Reward TypeCashback
Reward TypeCashback
Reward Redemption FeeNot applicable
Reward Redemption Fee

Travel & Lifestyle

Domestic Lounge Access
Domestic Lounge AccessUp to 2 complimentary domestic airport lounge visits per quarter.
International Lounge Access
International Lounge AccessUp to 2 complimentary international airport lounge visits per year.
Travel Benefits
Travel BenefitsDiscounts up to INR 6,000 on flights and hotels via Cleartrip.
Movie Benefits
Movie Benefits
Dining Benefits
Dining Benefits10% cashback on dining/food delivery, 2-months EazyDiner membership, and exclusive RuPay/JCB discounts.
Golf Benefits
Golf Benefits
Fuel Surcharge Waiver1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 3,000 at petrol pumps across India, capped at Rs. 100 per statement cycle.
Fuel Surcharge Waiver

Security & Other

Insurance Benefits
Insurance Benefits
Cash Advance Charges2.5% of the amount withdrawn or a minimum charge of Rs. 500.
Cash Advance Charges
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Best valueHigher costHighlights apply to Joining Fee and Renewal Fee only.

Cashback SBI Credit Card

HSBC RuPay Cashback Credit Card

Who is it for?

The Cashback SBI Card is an entry-level cashback credit card that delivers straightforward savings on everyday spending with 5% cashback on online transactions and 1% on offline spends. It pairs flat cashback with a fuel surcharge waiver and a spend-based annual fee waiver, making it ideal for users who want direct, easy-to-track benefits without managing points. Best suited for regular shoppers and online spenders who can meet the Rs. 2 lakh annual spend threshold, this card simplifies rewards while offering global acceptance and contactless convenience.

Who is it for?

The HSBC RuPay Cashback Credit Card is a mid-range credit card designed for everyday spending, offering significant cashback benefits and seamless integration with the RuPay network for UPI payments. It provides a compelling value proposition with 0% foreign currency markup for a limited period, complimentary airport lounge access, and a robust cashback program across popular spending categories like dining, food delivery, and groceries. The card also leverages the JCB network for international transactions, making it versatile for global use, ideal for users seeking strong rewards on daily expenses and travel perks.

Pros

Key benefits and features.

Decent 5% cashback on online spends and 1% on offline spends for solid everyday savings.

High monthly cashback cap of Rs. 4,000 across categories boosts total earnings potential.

Strong option for online spending compared to other cashback cards with simple auto-credit.

Contactless payment facility available for quick and secure low-value transactions.

Global acceptance in over 24 million outlets ensures usability during travel and shopping.

Pros

Key benefits and features.

Enjoy a robust 10% cashback on dining, food delivery, and grocery spends.

Benefit from 0% foreign currency markup on international transactions until July 2026.

Experience seamless and rewarding UPI payments with direct card linking.

Get complimentary access to domestic and international airport lounges quarterly/annually.

Utilize global acceptance for payments and ATMs in over 160 countries via JCB.

Cons

Key drawbacks and limitations.

Several categories are excluded from cashback eligibility, limiting earnings on key spends.

Annual fee is relatively high compared to the benefits for low spenders who cannot meet the waiver.

Spend-based waiver may be difficult to achieve if major spends fall in excluded categories.

No instant discounts during online sales, reducing appeal during promotional shopping periods.

Cashback exclusions on utilities, insurance, fuel, rent, and other services restrict utility.

Cons

Key drawbacks and limitations.

Cashback earnings are capped at INR 400 per month, limiting high spenders.

Many categories like fuel, e-wallets, and utilities are excluded from cashback.

The attractive 0% foreign currency markup is only a temporary offer.

International lounge access is restricted to only two visits per year.

No explicit fuel surcharge waiver, and fuel spends don't earn cashback.

How We Compare These Cards

Every comparison on CardsForYou is built from the same verified data set we use across the site - joining and renewal fees, reward rates, forex markup, lounge access, and insurance benefits - sourced directly from each issuer and refreshed regularly. We highlight the lower-cost option on fees automatically, but "best" always depends on your own spending pattern: a card that wins on annual fee may lose on reward rate for a heavy spender, and vice versa. Use the table above alongside your own typical monthly spend to judge real value, not just the headline numbers.

Ready to Choose?

Based on your comparison, select the credit card that best matches your spending habits and financial goals.
Apply for Cashback SBI Credit Card(opens in new tab)Apply for HSBC RuPay Cashback Credit Card(opens in new tab)