HSBC Cashback Review 2026 — Fees, Rewards & Eligibility
Issuer: HSBC Bank
Network: Visa | Tier: Mid-Range
The HSBC Cashback Credit Card offers a straightforward 1.5% unlimited cashback on all purchases with no categories to track. The cashback is directly credited to your statement, making it one of the simplest and most transparent cashback cards in India.
Why Choose the HSBC Cashback?
The HSBC Cashback is a Mid-Range-tier Visa credit card issued by HSBC Bank, rated 4.1/5 by the Credit Card Hunt editorial team. It is best suited for Those who prefer simple, unlimited cashback. With a reward rate of 1.5% unlimited cashback and an annual fee of ₹750 + GST (waiver on ₹1 lakh spend), it ranks among the popular Cashback cards in India in 2026.
New cardholders are welcomed with ₹750 cashback on first spend, which adds immediate value in the first year.
HSBC Cashback Fees & Charges
| Annual Fee | ₹750 + GST (waiver on ₹1 lakh spend) |
|---|---|
| Joining Fee | ₹750 + GST |
| Interest Rate | 3.49% per month |
| Foreign Markup | 3.5% + GST |
| Fuel Surcharge Waiver | 1% waiver on ₹400-₹10,000 |
HSBC Cashback Rewards & Benefits
| Reward Rate | 1.5% unlimited cashback |
|---|---|
| Welcome Bonus | ₹750 cashback on first spend |
| Lounge Access | None |
| Best For | Those who prefer simple, unlimited cashback |
Key Highlights of the HSBC Cashback
- 1.5% unlimited cashback on all spends
- No categories to track - simple cashback
- Cashback credited to statement directly
- Annual fee waiver on ₹1 lakh spend
- Surcharge waiver on utilities
HSBC Cashback Eligibility Criteria
- Minimum income ₹4 lakh per annum
- CIBIL score 700+
- Age 21-60 years
Minimum Income Required: ₹4,00,000+ per annum
Advantages of the HSBC Cashback
- Simple 1.5% on everything
- No categories to track
- Statement credit cashback
- Easy fee waiver
- Utility surcharge waiver
Drawbacks of the HSBC Cashback
- No lounge access
- 1.5% can be beaten by category cards
- HSBC has limited branches
- Foreign markup is high
HSBC Cashback — Frequently Asked Questions
What is the annual fee of the HSBC Cashback?
The HSBC Cashback has an annual fee of ₹750 + GST (waiver on ₹1 lakh spend) and a joining fee of ₹750 + GST. New cardholders receive ₹750 cashback on first spend as a welcome benefit, which helps offset the joining cost.
Does the HSBC Cashback offer airport lounge access?
No, the HSBC Cashback does not include complimentary airport lounge access. If lounge access matters to you, compare travel cards on CreditCardHunt.in.
Who is eligible for the HSBC Cashback?
The minimum income requirement is ₹4,00,000+ per annum. Banks typically also look for a CIBIL score of 700 or above and a clean repayment history.
What is the reward rate of the HSBC Cashback?
The HSBC Cashback earns 1.5% unlimited cashback. It is best suited for Those who prefer simple, unlimited cashback.
Credit Cards Similar to the HSBC Cashback
If you are considering the HSBC Cashback, these cashback credit cards are worth comparing before you apply:
- ICICI Amazon Pay by ICICI Bank — rated 4.6/5, Nil (Lifetime Free) annual fee
- HDFC Millennia by HDFC Bank — rated 4.3/5, ₹1,000 + GST annual fee
- Axis Flipkart by Axis Bank — rated 4.3/5, ₹500 + GST annual fee
- IndianOil Citi by Axis Bank — rated 4.2/5, ₹500 + GST (waiver on ₹50K spend) annual fee
Expert Rating: 4.1/5