Side-by-side · honest numbers
HSBC Cashback Credit Card vs PhonePe SBI Card PURPLE
Honest side-by-side comparison of HSBC Cashback Credit Card, PhonePe SBI Card PURPLE — annual fees, reward rates, income eligibility, and estimated net annual value on the same spend profile.
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Spend assumptions
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HSBC Cashback Credit Card
HSBC
PhonePe SBI Card PURPLE
SBI Card
Your adjusted comparison
| Feature | HSBC Cashback 6521 2712 5714 1589 Valid thru 12/28 Acc CREDIT Card holder HSBC CASHBACK CREDIT C Customer service HSBC · 1800-XXX-XXXX Authorized signature CVV••• HSBC Cashback Credit Card Top reward: 10% Annual fee: ₹999 Min income: ₹40,000/mo Property of HSBC. If found, return to nearest branch. Not valid unless signed. Tap to flip back HSBC Cashback Credit Card HSBC | SBI Card PhonePe PURPLE 6521 1041 3255 9156 Valid thru 12/28 Acc CREDIT Card holder PHONEPE SBI CARD PURPL Customer service SBI Card · 1800-XXX-XXXX Authorized signature CVV••• PhonePe SBI Card PURPLE Top reward: 3% Annual fee: ₹499 Min income: ₹25,000/mo Property of SBI Card. If found, return to nearest branch. Not valid unless signed. Tap to flip back PhonePe SBI Card PURPLE SBI Card |
|---|---|---|
| Fees & eligibility | ||
| Annual fee | ₹999 | ₹499 |
| Fee waiver threshold | No waiver published | Waived at ₹1,00,000/yr spend |
| Min income | ₹40,000/mo | ₹25,000/mo |
| Secured / FD-backed | Standard | Standard |
| Rewards | ||
| Net annual value (moderate) | ₹6,291/yr | ₹3,441/yr |
| Online shopping | — | ₹8,000 × 2% = ₹160/mo (₹1,920/yr) · issuer max ₹750/mo |
| Dining & delivery | ₹3,500 × 10% = ₹350/mo (₹4,200/yr) · issuer max ₹1,000/mo | — |
| Utilities & bills | — | ₹1,225 × 3% = ₹36.75/mo (₹441/yr) · issuer max ₹750/mo |
| Top reward rate | 10% | 3% |
| Primary reward cap | ₹1,000 eligible spend/mo | ₹750 rewards/mo cap |
| Perks & restrictions | ||
| Lounge access | 4 domestic airport lounge visits per year (1/quarter) · No minimum spend required for lounge access | None |
| UPI rewards | Not supported (Visa/MC) | Earns: 3% on PhonePe app spends (1% base on other UPI apps) · cap 250 pts/mo insurance + 750 pts/mo other PhonePe spends |
| Key exclusions | EMI · Fuel · Rent · Wallet | Fuel · Wallet top-ups · Rent · EMI · Cash advance |
| Bonuses | ||
| Signup bonus | — | ₹500 |
Stack mode (hold both)
Cap-aware split: ~₹7,401/yr combined NAV (₹1,110 vs best solo). Both annual fees apply.
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https://cardhungry.com/in/en/compare/hsbc-cashback-vs-phonepe-sbi-purpleReference summary
At a glance (moderate spend)
Quick verdict: On moderate spend, HSBC Cashback Credit Card leads PhonePe SBI Card PURPLE by about ₹2,850/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
| Feature | HSBC Cashback Credit Card HSBC | PhonePe SBI Card PURPLE SBI Card |
|---|---|---|
| Fees & eligibility | ||
| Annual fee | ₹999 | ₹499 |
| Fee waiver threshold | No waiver published | Waived at ₹1,00,000/yr spend |
| Min income | ₹40,000/mo | ₹25,000/mo |
| Secured / FD-backed | Standard | Standard |
| Rewards | ||
| Net annual value (moderate) | ₹6,291/yr | ₹3,441/yr |
| Online shopping | — | ₹8,000 × 2% = ₹160/mo (₹1,920/yr) · issuer max ₹750/mo |
| Dining & delivery | ₹3,500 × 10% = ₹350/mo (₹4,200/yr) · issuer max ₹1,000/mo | — |
| Utilities & bills | — | ₹1,225 × 3% = ₹36.75/mo (₹441/yr) · issuer max ₹750/mo |
| Top reward rate | 10% | 3% |
| Primary reward cap | ₹1,000 eligible spend/mo | ₹750 rewards/mo cap |
| Perks & restrictions | ||
| Lounge access | 4 domestic airport lounge visits per year (1/quarter) · No minimum spend required for lounge access | None |
| UPI rewards | Not supported (Visa/MC) | Earns: 3% on PhonePe app spends (1% base on other UPI apps) · cap 250 pts/mo insurance + 750 pts/mo other PhonePe spends |
| Key exclusions | EMI · Fuel · Rent · Wallet | Fuel · Wallet top-ups · Rent · EMI · Cash advance |
| Bonuses | ||
| Signup bonus | — | ₹500 |
Frequently asked questions
- Which card has the lower annual fee?
- PhonePe SBI Card PURPLE has the lowest annual fee at ₹499.
- 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?
- PhonePe SBI Card PURPLE lists a minimum monthly income of ₹25,000.
- 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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