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HSBC RuPay Cashback vs SBI SimplySAVE Credit Card Compared

Which credit card suits you? Side by side on the numbers that decide it. A blank means the provider has not published that figure, not that it is zero. Data last verified: 11 October 2026.

HSBC RuPay Cashback Credit Card versus SBI SimplySAVE Credit Card compared
FeatureHSBC RuPay Cashback Credit CardHSBC RuPay Cashback Credit CardHSBC India1 recent change →
SBI SimplySAVE Credit CardSBI SimplySAVE Credit CardState Bank of India4 recent changes →
Rewards by spend
Rewards1% base, up to 10% on dining0.17% base, up to 1.67% on dining
UPI payments (scan and pay)1%Earns nothing
Online shopping1%0.17%
Dining and food delivery10%1.67%
Groceries10%1.67%
Travel: flights, hotels, trains1%0.17%
FuelsameEarns nothingEarns nothing
Bills and recharges1%0.17%
RentsameEarns nothingEarns nothing
Insurance premiumsEarns nothing0.17%
School and college feesEarns nothing0.17%
Wallet top-upsEarns nothing0.17%
Taxes and government paymentssameEarns nothingEarns nothing
Spend abroad or in a foreign currency1%0.17%
Everything else1%0.17%
Card identity
Card typesameDiningDining
NetworkRuPayVisa
Card tierMidEntry
Fees
Joining feesame₹499 + GST₹499 + GST
Annual feesame₹499 + GST₹499 + GST
Fee waived at₹2,00,000₹1,00,000
Eligibility
Min age18 years-
Max age65 years-
Employment typesameBOTHBOTH
Min monthly salary₹50,000-
Rewards
Reward typeCashbackReward points
Point value₹1₹0
Fuel surcharge
Fuel surcharge waiverNoYes
Fuel waiver cap-₹100
Lounge access
Domestic lounge visits8-
International lounge visits2-
Lounge conditionUp to 10 lounge visits a year, 2 domestic per quarter (8/yr) plus 2 international per year, per the product page (Aug 2026); the Feb-2026 service guide states only 4 visits (one per quarter), so confirm your entitlement with HSBC before relying on it-
Forex and international
Forex markupsame3.5%3.5%
UPI rewards
Works on UPIYesNo
Interest and charges
Interest rate (monthly)same3.75%3.75%
Interest rate (annual)same45%45%
Page content
Documents neededsamePAN card Aadhaar / valid address proof Latest 3 months bank statement Income proof, salary slips (salaried) or ITR (self-employed) Recent passport-size photographPAN card Aadhaar / valid address proof Latest 3 months bank statement Income proof, salary slips (salaried) or ITR (self-employed) Recent passport-size photograph
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Worth in Rupees at ₹20,000 a Month

HSBC RuPay Cashback Credit Card
Rewards a year
₹6,600
Fee a year
₹0
You keep
₹6,600
SBI SimplySAVE Credit Card
Rewards a year
₹1,320
Fee a year
₹0
You keep
₹1,320

At this spend, HSBC RuPay Cashback Credit Card comes out ₹5,280 a year ahead of SBI SimplySAVE Credit Card. Worked out from each card's published reward rate, caps and fee, on ₹20,000 a month. Your own spend changes the answer: try the rewards calculator.

Best For

HSBC RuPay Cashback Credit Card
  • Dining: 10% back, up to ₹400 a month
  • Groceries: 10% back, up to ₹400 a month
  • Spending ₹16,667 or more a month: the ₹589 fee is waived
  • Flyers: 10 airport lounge visits a year
SBI SimplySAVE Credit Card
  • First-time card users
  • Families with regular grocery bills
  • People who eat out often

Watch-Outs

HSBC RuPay Cashback Credit Card
  • Skip it if you spend less than ₹16,667 a month (₹2,00,000 a year, rent and wallet loads not counted): the ₹589 fee is then charged
  • Skip it if most of your spending is fuel, rent, insurance or education: those earn nothing on this card
  • Skip it if you rarely spend on dining or groceries: the 10% rate applies only there, everything else earns 1%
  • Skip it if you often pay in foreign currency: 3.5% is added to every foreign spend
SBI SimplySAVE Credit Card
  • Very low rate outside 10X categories
  • Accelerated points are capped monthly
  • No lounge access

Card data sourced via CardAdvisor.in (HSBC RuPay Cashback Credit Card, SBI SimplySAVE Credit Card), India Credit Card Facts, CC BY 4.0, adapted by SkyloFin.

Questions People Ask

Which has the lower annual fee, HSBC RuPay Cashback Credit Card or SBI SimplySAVE Credit Card?

They charge the same annual fee. HSBC RuPay Cashback Credit Card: ₹499; SBI SimplySAVE Credit Card: ₹499.

Which is better for spending abroad?

HSBC RuPay Cashback Credit Card has the lowest forex markup. HSBC RuPay Cashback Credit Card: 3.5%; SBI SimplySAVE Credit Card: 3.5%. The markup is charged on every foreign-currency transaction, before GST.

Which earns more on everyday spending?

On spends outside any bonus category: HSBC RuPay Cashback Credit Card 1%, SBI SimplySAVE Credit Card 0.17%. Bonus categories, rates limited to named merchants and monthly caps change the picture, so compare the rewards by spend too.

Can I hold more than one of these cards?

Usually yes, if each bank approves you. Many people keep one card for everyday spending and another for a specific use such as travel. Each application is a separate credit check.

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