HSBC Cashback vs SBI Cashback
Full side-by-side comparison based on verified card data. Updated April 2026.
Quick Verdict
HSBC Cashback Credit Card wins 4 of 8 dimensions with a CardTrail Score of 8.2/10 vs 7.0/10.
| Feature | HSBC Cashback | SBI Cashback |
|---|---|---|
| CardTrail Score | 8.2/10 | 7.0/10 |
| Annual Fee | ₹999 | ₹999 |
| Base Reward Rate | 1.5% | 1% |
| Max Reward Rate | 10% | 5% |
| Forex Markup | 3.5% | 3.5% |
| Domestic Lounges | 1 | 0 |
| International Lounges | 0 | 0 |
| Fuel Surcharge Waiver | Yes | Yes |
| Network | Visa | Visa |
When to Choose HSBC Cashback
- You can meet the fee waiver condition: Spend ₹2L/year
- You want higher rewards — up to 10% vs 5%
- Airport lounge access matters — 1 domestic visits
- Your primary spend is: cashback, online-shopping
When to Choose SBI Cashback
- You can meet the fee waiver condition: Spend ₹2L/year
- Your primary spend is: cashback, online-shopping
Annual Fee Value Analysis
To break even on HSBC Cashback's ₹999 fee at 1.5% rewards, spend ₹5,550/month.
To break even on SBI Cashback's ₹999 fee at 1% rewards, spend ₹8,325/month.