SimplifyCards take
A quick decision view before the full facts.
Good fit if: you want a card built for RuPay, UPI, and lifetime free.
Why it can work
It offers no annual fee.
Where value may drop
Rent, insurance, and wallet loads don't earn rewards. The 3.5% forex markup is high for overseas use.
Quick facts
The key fields before the full details.
Reward calculator
Enter your monthly spend to estimate how many reward points you earn and what they are worth.
What your points are worth
Same points, very different value depending on how you redeem.
How you earn it
| Category | Monthly spend | Reward Points/yr |
|---|---|---|
| UPI payments | Rs 5,000 | 800 |
| Other spends | Rs 8,000 | 1,280 |
Estimates only. Reward rates, caps, and redemption values follow each bank's current terms and can change.
Best for / avoid if
Who this card suits — and who should skip it.
Best as a no-fee everyday card
Lifetime-free, so there's no annual fee to recover before it adds value.
Avoid for heavy international use
A 3.5% forex markup is on the higher side for overseas spends.
Avoid if you spend big on rent, insurance, and wallet loads
These categories are excluded and won't earn rewards.
Rewards and redemption
Earn rates, caps, and how points convert to value.
| Category | Rate |
|---|---|
| UPI spends | 2 Reward Points / Rs 150 spent |
| Other eligible spends | 2 Reward Points / Rs 150 spent |
Redemption
| Airline | Programme | Ratio | TAT |
|---|---|---|---|
| Air India | Air India Maharaja Club | 2:1 | 5 days |
| AirAsia | airasia rewards | 2:3 | 1 day |
| Air France-KLM | Flying Blue | 2:1 | 1 day |
| British Airways | The British Airways Club | 2:1 | 1 day |
| Etihad Airways | Etihad Guest | 2:1 | 1 day |
| EVA Air | Infinity MileageLands | 2:1 | 1 day |
| Hainan Airlines | Fortune Wings Club | 4:1 | 5 days |
| Japan Airlines | JAL Mileage Bank | 2:1 | 10 days |
| Singapore Airlines | KrisFlyer | 2:1 | 1 day |
| Qantas Airways | Qantas Frequent Flyer | 2:1 | 1 day |
| Qatar Airways | Privilege Club | 2:1 | 1 day |
| Thai Airways | Royal Orchid Plus | 2:1 | 1 day |
| Turkish Airlines | Miles&Smiles | 4:1 | 1 day |
| United Airlines | MileagePlus | 4:1 | 1 day |
| Vietnam Airlines | Lotusmiles | 2:1 | 1 day |
| Hotel group | Programme | Ratio | TAT |
|---|---|---|---|
| Accor | ALL - Accor Live Limitless | 2:1 | 1 day |
| IHG Hotels & Resorts | IHG One Rewards | 2:1 | 1 day |
| Marriott International | Marriott Bonvoy | 2:1 | 1 day |
| Shangri-La | Shangri-La Circle | 10:1 | 1 day |
| Wyndham Hotels & Resorts | Wyndham Rewards | 2:1 | 1 day |
Exclusions
Categories that earn no rewards on this card.
- Fuel transactions
- Rent payments
- Wallet loading transactions
- Educational spends
- Government-related transactions
- Insurance premium payments
- Utility bill payments
- EMI transactions
- Cash advances
- Card fees, charges, and interest
Benefits and fine print
Welcome, renewal, and other listed benefits.
Joining benefits
- Rs 500 cashback after logging into the HSBC India app and spending Rs 5,000 within the first 30 days
- Rs 250 Amazon eGift Voucher for online application and video KYC completion
- 2-month EazyDiner membership on RuPay card activation
Additional benefits
- Link card to UPI apps for scan-and-pay transactions
- Fuel surcharge waiver up to Rs 250 per month on transactions from Rs 400 to Rs 4,000
- JCB network global offers
Additional details
- Reward points never expire
- Redemptions can be processed only via the HSBC India Mobile Banking app
Eligibility
Check this before you apply.
Salaried
- Age 18 to 65 years
- Resident of India
- Minimum annual income of Rs 6,00,000
- Reside in an eligible service city listed by HSBC
Self-employed
- Age 25 to 65 years
- Resident of India
- Minimum annual income of Rs 12,00,000
- Reside in an eligible service city listed by HSBC
Compare before you decide
Alternatives based on what you might want instead.
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Federal Bank Wave RuPay Credit Card
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