HSBC Cashback Credit Card Review

The hsbc cash back credit card is one of the most useful credit cards available in the Indian market. While this cashback card comes with a nominal annual fee of Rs.799 it brings a ton of useful features to offer us. It lets you enjoy attractive cashback and discounts on every transaction, free movie tickets every month, exclusive discount on dining expenses, complimentary lost liability coverage, and lots more. More about the hsbc credit card benefits are discussed below.

How does the hsbc cashback credit card eligibility work?

  • Resident Type: Indian. 
  • HSBC credit card eligibility criteria for salaried person:
    • Age: 21 to 60 yrs. 
    • Income: Rs.4,00,000 annually.
  • HSBC card eligibility criteria for self-employed person:
    • Age: This hsbc credit card is available for salaried customers only. 
    • Income: This card is available for salaried customers only.
  • A good CIBIL Score (720+) is needed to apply for the hsbc bank cashback credit card.

As you submit your hsbc credit card application, you will get a unique application id. You can use that to track the status of your hsbc credit card application status.

What documents are required to apply for the hsbc bank cash back credit card?

  • Photocopy of ID Proof (any 1)
    • Aadhar card
    • Voter Card
    • Passport
    • PAN Card
  • Photocopy of Address proof (any 1) 
    • Last 6 months bank account Statement
    • Aadhar Card 
    • Driving License 
    • Passport
    • Utility bill
  • One recent passport-sized photographs
  • Proof of income statement:
    • Salaried Person (any 1)
      • Latest salary slip, (3 months) 
      • ITR(Income Tax Return)
    • Self-employed person
      • Latest Income tax return. 
      • Proof of business
      • Recent audited financial report.

As per the new regulation all new HSBC cash back credit cards are delivered in an inactive state, and to start using them the users need to activate them manually by generating a new credit card PIN. You can find more about the hsbc credit card activation process from our faq page.

How much are the hsbc cashback credit card fees?

  • HSBC cashback credit card joining fee: None. 
  • HSBC cashback credit card annual fee: Rs.750 + GST (can be waived off if Rs.1,00,000 is spent within a year)

What are the hsbc cashback credit card benefits?

  • Get started with a huge joining bonus:

As you activate your hsbc cashback card and perform a minimum of Rs.1,000 within the first 30 days of your hsbc credit card activation, you will receive a bunch of attractive welcome gifts. 

Gift voucher

Value of the voucher

Amazon voucher

Rs.1000

BigBasket voucher

Rs.250

5 Myntra vouchers

Rs.300 each

5 Ajio vouchers

Rs.600 each

An additional voucher from Amazon on completing your Video KYC

Rs.250

Your first transaction made via Google Pay

a 50% discount.

As a part of hsbc credit card joining offer, you will get 3 free access to the international terminals at domestic airport lounges or 3 meal vouchers that you can use at domestic airport restaurants.

  • Make every transaction rewarding:

This hsbc visa card comes with attractive cashback and discount offers that can add more value to your every transaction. More about the hsbc credit card discount offers are mentioned below.

Category of transaction

Rate of earning cashback

Every Rs.1,000+ transaction made on Amazon

5% discount (up to Rs.250 per hsbc card statement cycle)

Tata Cliq (applicable on selected products) 

15% instant discount, click here for the latest offers.

Online transactions made using this card (not applicable on fund transfer and wallet top-up)

1.5% cashback

All other transactions

1% cashback

  • Make your evenings entertaining:

If you use this cashback credit card to book movie tickets from BookMyShow on Saturdays, you will get another one completely free (maximum ticket value Rs.250). This hsbc movie offer is available once per hsbc credit card statement cycle.

  • Dine with more delight:

This hsbc cash back credit card features a 15% discount on your dining expenses. The hsbc credit card dining offers are available at 1,000+ premium restaurants across India.

  • Make your card free for a lifetime:

On spending Rs.1,00,000 with your hsbc visa platinum card within a year you can get a complete waiver on your next year’s hsbc card annual fee. So if you want to make your hsbc platinum credit card lifetime free, then you just have to keep spending Rs.1,00,000 per year.

  • A wide range of network benefits:

From time to time this HSBC cash back credit card comes with attractive deals from premium lifestyle brands. You can find more about the current hsbc card offers and deals here.

  • Stay secured with the lost card liability coverage:

This hsbc credit card offers a complimentary lost card liability coverage of Rs.3,00,000, which that means, if your card ever gets lost or stolen, you just have to report it by calling the hsbc credit card helpline number and you will no longer be liable for anything bad that may happen to your hsbc credit card account.

  • Enjoy easy bill splitting:

This hsbc bank credit card allows you to convert your high-value purchases into EMI with a relatively low-interest rate, this feature is very helpful for frequent shoppers. 

  • Instant hsbc bank credit card payment options:

You can make hsbc credit card payments online from your hsbc net banking account or by using any credit card payment app like Cred, Paytm, Phone pe, Google pay, etc.

  • Make payments contactless:

This hsbc visa platinum card is equipped with the advanced contactless payment facility, this feature allows you to make payments just by placing your hsbc cashback card over any contactless-enabled POS machine.You can control the contactless payment option from your hsbc credit card mobile app.

What are the hsbc cashback credit card charges?

Particulars

Payable amount

HSBC credit card cash withdrawal charges

2.5% against the amount, min Rs.300 (make sure to check your available hsbc cashback credit card limit before making a withdrawal)

HSBC credit card finance charges

The hsbc credit card interest rate can go up to 3.30% monthly or 39.60% annually (applicable if your hsbc credit card payment is not made within the due date)

HSBC credit card international transaction charges

3.50% against the transacted amount

How to contact the hsbc credit card customer care department?

  • Call the hsbc credit card customer care number: 1800-266-3456 (Toll Free) / 1800-267-3456 (Toll Free) / 040-6126-8001 or 080-7189-8002
  • Write to the hsbc credit card customer care email id: complaints.india@hsbc.co.in or ceosoffice@hsbc.co.in 

100xGain Ratings: 

5/10

Pros and cons of the hsbc visa cash back credit card:

Pros

Cons

  • You will earn a big discount on your online expenses.
  • This hsbc cashback credit card offers some free movie tickets every month. 
  • There is huge lost-card liability coverage on this hsbc visa cash back credit card.
  • There are no travel benefits on this hsbc bank cash back credit card

Final Opinion:

If you shop online quite often, then having this hsbc cash back credit card can offer you some good monthly savings. With an attractive joining bonus, exclusive discounts on online expenses, and free movie tickets every month, this card brings so much value with it that it can easily offset the Rs.750 hsbc card annual fee.

But if you want benefits like free lounge access or attractive travel benefits, then you will be disappointed with this hsbc visa platinum credit card. In this case, I would suggest you take a look at the alternative card options given below.

Alternative cards of the hsbc cash back credit card: 

  1. Axis my zone credit card (Best for cashback, and dining benefits)
  2. HDFC millennia credit card (Best for cashback, and dining benefits)
  3. ICICI amazon pay card (Best for cashback, and dining benefits)
  4. Yes prosperity cashback credit card (Best for offering cashbacks)

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