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Amex Membership Rewards CC vs HSBC Cashback Credit Card

Honest side-by-side comparison of Amex Membership Rewards CC, HSBC Cashback Credit Card — annual fees, reward rates, income eligibility, and estimated net annual value on the same spend profile.

Same spend profile for all cards. How we calculate net annual value

Customize your spend

Change spend profile or swap cards — results update live below.

Spend assumptions

All cards use the same monthly spend profile. Saved spends from the quiz or a card page load automatically.

Amex Membership Rewards CC

American Express

HSBC Cashback Credit Card

HSBC

Your adjusted comparison

Feature
Amex Membership Rewards CC credit card

Amex Membership Rewards CC

American Express

HSBC Cashback Credit Card

HSBC Cashback Credit Card

HSBC

Fees & eligibility
Annual fee₹4,500₹999
Fee waiver thresholdNo waiver publishedNo waiver published
Min income₹60,000/mo₹40,000/mo
Secured / FD-backedStandardStandard
Rewards
Net annual value (moderate)-₹4,194/yr₹6,291/yr
Dining & delivery—₹3,500 × 10% = ₹350/mo (₹4,200/yr) · issuer max ₹1,000/mo
Top reward rate2 RP/₹15010%
Primary reward capNo monthly cap published₹1,000 eligible spend/mo
Perks & restrictions
Lounge accessNone4 domestic airport lounge visits per year (1/quarter) · No minimum spend required for lounge access
UPI rewardsNot supported (Visa/MC)Not supported (Visa/MC)
Key exclusionsEMI · Fuel · Rent · Some small merchantsEMI · Fuel · Rent · Wallet
Bonuses
Signup bonus₹4,000—

Stack mode (hold both)

Holding both may not beat using only the better solo card on this spend.

Amex Membership Rewards CC details →HSBC Cashback Credit Card details →

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Reference summary

At a glance (moderate spend)

Quick verdict: On moderate spend, HSBC Cashback Credit Card leads Amex Membership Rewards CC by about ₹10,485/yr in estimated net value.

Spend assumptions for this table

Moderate user spend profile · ₹31,000/mo

₹31,000/month total spend — typical India user

Online ₹8,000 · Groceries ₹5,000 · Other ₹4,000 · Dining ₹3,500 · Bills ₹3,500

Amex Membership Rewards CC vs HSBC Cashback Credit Card comparison table
FeatureAmex Membership Rewards CC

American Express

HSBC Cashback Credit Card

HSBC

Fees & eligibility
Annual fee₹4,500₹999
Fee waiver thresholdNo waiver publishedNo waiver published
Min income₹60,000/mo₹40,000/mo
Secured / FD-backedStandardStandard
Rewards
Net annual value (moderate)-₹4,194/yr₹6,291/yr
Dining & delivery—₹3,500 × 10% = ₹350/mo (₹4,200/yr) · issuer max ₹1,000/mo
Top reward rate2 RP/₹15010%
Primary reward capNo monthly cap published₹1,000 eligible spend/mo
Perks & restrictions
Lounge accessNone4 domestic airport lounge visits per year (1/quarter) · No minimum spend required for lounge access
UPI rewardsNot supported (Visa/MC)Not supported (Visa/MC)
Key exclusionsEMI · Fuel · Rent · Some small merchantsEMI · Fuel · Rent · Wallet
Bonuses
Signup bonus₹4,000—

Frequently asked questions

Which card has the lower annual fee?
HSBC Cashback Credit Card has the lowest annual fee at ₹999.
Which card earns more on moderate spend?
HSBC Cashback Credit Card leads with an estimated ₹6,291/yr net annual value on moderate spend.
Which card has the lower income requirement?
HSBC Cashback Credit Card lists a minimum monthly income of ₹40,000.
Does this comparison pull my credit score?
No. CardHungry estimates net value from public fee and reward rules only — no bureau check.

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