Get 5% Cashback on International Spends + 0% Forex Markup With HSBC RuPay JCB Credit Cards

HSBC has been introducing some attractive offers for its Indian credit cardholders. While its recently introduced zero forex markup offer on credit cards has now ended, the bank is back with another international spending offer, this time in association with RuPay and JCB.

HSBC has introduced a limited-period offer for its RuPay JCB Credit Cardholders, allowing them to earn 5% cashback on eligible international POS transactions, capped at ₹15,000 per month. In addition to cashback, cardholders can also enjoy 0% forex markup and 0% bank-imposed DCC charges on eligible transactions.

The offer is available on both HSBC RuPay JCB Platinum and HSBC RuPay JCB Cashback Credit Cards and is valid from November 1, 2026, to January 31, 2027.

Important Conditions

• The offer applies to resident Indian HSBC RuPay JCB credit cardholders with an active, valid card.
• Both primary and add-on card transactions will be considered collectively for the monthly cashback cap.
• Cashback will be credited to the primary cardholder’s credit card account.
• Only retail POS transactions made outside India are eligible.
• Online and e-commerce international transactions are excluded.
• There is no registration or enrolment required to participate in the offer.

The JCB network is accepted across more than 160 countries and regions.

Cashback Exclusions

The following transactions will not qualify for cashback:

• Online and e-commerce transactions.
• Cash advances and related charges.
• Finance charges, late payment fees, balance transfer fees and annual fees.
• Foreign currency purchases, traveler’s cheques, money orders and wallet loads.
• Gambling, betting, lottery and casino transactions.

Bottom Line

While the offer looks rewarding at first glance, it does not quite match the benefits available under the Visa Power Travel. Therefore, cardholders planning international transactions may find the Visa variant credit cards more rewarding and should consider using them instead.

However, those who wish to take advantage of this HSBC RuPay JCB offer can earn 5% cashback, along with 0% forex markup and 0% bank-imposed DCC charges on eligible international POS transactions. The ₹15,000 monthly cashback cap allows cardholders to earn up to ₹45,000 over the three-month offer period, provided they have sufficient eligible spending.

Do note that the offer is restricted to offline POS transactions. International online purchases and e-commerce transactions are not eligible for cashback.