HSBC Smart Value Credit Card Review

HSBC Smart Value Credit Card is a low-cost credit card from HSBC. This card comes free of cost and offers benefits like bid welcome benefit, reward benefit, dynamic Interest rate, instant EMI facility, Add-on Feature, and lots more. Now let’s discuss the benefits of the card in detail.   

Eligibility Criteria:

  • Resident Type: Indian. 
  • For salaried person:
    • Age: 21 to 60 yrs.
    • Income: ₹3 lakh minimum (Annually).
  • For self-employed person:
    • Age: 21 to 65 yrs. 
    • Income: ₹3 lakh minimum (Annually).
  • Good CIBIL Score (750 or more).
  • This card is available in some selected cities including Noida, Mumbai, Kolkata, Pune, Delhi, Chennai, Gurgaon, and Hyderabad.

Required Documents:

  • 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
    • Self-employed person
      • Latest Income tax return. 
      • Proof of business
      • Recently audited financial report. 


  • Joining Fee: None. 
  • Annual Fee: None. 


  • Welcome benefit:

If you can spend ₹500 within 30 days of the card issuance you will get an Amazon Gift voucher of ₹250, 3 access at domestic and international airport lounges or you can get 3 meal-vouchers, which you can use at airport restaurants.

Also, you can get a 10% Cash-Back on your transaction, this offer is available for the first 60 days of the card issuance, and you have to spend a total of ₹10,000 in 5 transactions.

If you will enjoy a 10.99% interest rate in EMI for the first 90 days of the card issuance. 

  • Reward benefit:

This card offers 1 reward point for each ₹100 transactions made with this card. You can also win 3X reward points for the same on the online transaction, telecom, and dining spends. 

You can redeem those reward points against a wide range of gift vouchers.

  • Dynamic Interest:

This card offers a variable interest rate it ranges between 1.99% to 3.49% monthly. And it depends on your CIBIL score and your credit history.

  •  Instant EMI Facility

With this card, you can convert any purchase over ₹2,000 into easy EMI. This feature is very helpful for frequent shoppers. 

  • Add on the facility:

You can add your loved ones with your card as an add-on member so that they can enjoy the benefits of having a credit card. 

  • Global acceptance:

This card is accepted globally you can use this card at any outlet or e-commerce site where Visa Cards are accepted.


  • Cash Withdrawal Charge: 2.5% against the amount, min ₹300. 
  • Finance Charge: 1.99% to 3.49% (Monthly)   
  • Foreign currency transaction: 3.50% against the transaction amount. 

Contact Details:

Call: 1800-266-3456


Mail: [email protected]

100xGain Ratings:


Final Opinion:

This is the most basic credit card from HSBC, this card offers a big welcome benefit, reward points, EMI facility, Global Acceptance, etc. one of the good things about the card is that it offers a dynamic interest rate. So if you are a beginner then you can take this card to gain knowledge about credit cards. 

But, this card does not feature many benefits there are lots of credit cards in the market that offer much better benefits at a low cost. For instance, you can go for HSBC Premier MasterCard Credit Card

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