CardHungry

Side-by-side · honest numbers

HSBC Cashback Credit Card vs SBI Card ELITE

Honest side-by-side comparison of HSBC Cashback Credit Card, SBI Card ELITE — 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.

HSBC Cashback Credit Card

HSBC

SBI Card ELITE

SBI Card

Your adjusted comparison

Feature
HSBC Cashback Credit Card

HSBC Cashback Credit Card

HSBC

SBI Card ELITE credit card

SBI Card ELITE

SBI Card

Fees & eligibility
Annual fee₹999₹4,999
Fee waiver thresholdNo waiver published₹10,00,000/yr
Min income₹40,000/mo₹60,000/mo
Secured / FD-backedStandardStandard
Rewards
Net annual value (moderate)₹6,291/yr-₹3,818/yr
Groceries (offline)—₹5,000 → 333 pts/mo × ₹0.25/pt = ₹83.33/mo (₹1,000/yr)
Dining & delivery₹3,500 × 10% = ₹350/mo (₹4,200/yr) · issuer max ₹1,000/mo₹3,500 → 233 pts/mo × ₹0.25/pt = ₹58.33/mo (₹700/yr)
Top reward rate10%5X reward points
Primary reward cap₹1,000 eligible spend/moNo monthly cap published
Perks & restrictions
Lounge access4 domestic airport lounge visits per year (1/quarter) · No minimum spend required for lounge access6 domestic + 2 international airport lounge visits per year · No minimum spend required for lounge access
UPI rewardsNot supported (Visa/MC)Not supported (Visa/MC)
Key exclusionsEMI · Fuel · Rent · WalletFuel · Rent · Wallet · EMI · Government
Bonuses
Signup bonus—₹5,000

Stack mode (hold both)

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

HSBC Cashback Credit Card details →SBI Card ELITE details →

Share this comparison

https://cardhungry.com/in/en/compare/hsbc-cashback-vs-sbi-elite

Reference summary

At a glance (moderate spend)

Quick verdict: On moderate spend, HSBC Cashback Credit Card leads SBI Card ELITE by about ₹10,109/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

HSBC Cashback Credit Card vs SBI Card ELITE comparison table
FeatureHSBC Cashback Credit Card

HSBC

SBI Card ELITE

SBI Card

Fees & eligibility
Annual fee₹999₹4,999
Fee waiver thresholdNo waiver published₹10,00,000/yr
Min income₹40,000/mo₹60,000/mo
Secured / FD-backedStandardStandard
Rewards
Net annual value (moderate)₹6,291/yr-₹3,818/yr
Groceries (offline)—₹5,000 → 333 pts/mo × ₹0.25/pt = ₹83.33/mo (₹1,000/yr)
Dining & delivery₹3,500 × 10% = ₹350/mo (₹4,200/yr) · issuer max ₹1,000/mo₹3,500 → 233 pts/mo × ₹0.25/pt = ₹58.33/mo (₹700/yr)
Top reward rate10%5X reward points
Primary reward cap₹1,000 eligible spend/moNo monthly cap published
Perks & restrictions
Lounge access4 domestic airport lounge visits per year (1/quarter) · No minimum spend required for lounge access6 domestic + 2 international airport lounge visits per year · No minimum spend required for lounge access
UPI rewardsNot supported (Visa/MC)Not supported (Visa/MC)
Key exclusionsEMI · Fuel · Rent · WalletFuel · Rent · Wallet · EMI · Government
Bonuses
Signup bonus—₹5,000

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.

More HSBC Cashback Credit Card comparisons