HSBC Smart Value Credit Card Review

When it comes to usefulness and affordability, the hsbc smart value credit card is the choice of many Indians. Targeting the newcomers this card offers reward points on every transaction, a minimal interest rate against revolving credit, zero joining or annual fee, and lots more. More about the hsbc credit card benefits are discussed below.

Who can apply for the smart value hsbc credit card?

  • Resident Type: Indian. 
  • HSBC credit card eligibility criteria for salaried person:
    • Age: 21 to 60 yrs.
    • Income: Rs.3 lakh minimum (Annually)
  • HSBC credit cards eligibility criteria for self-employed person:
    • Age: 21 to 65 yrs. 
    • Income: Rs.3 lakh minimum (Annually)
  • HSBC credit card cibil score requirement: 680 or more.

What documents are required to apply for hsbc cards?

  • 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
      • Recently audited financial report.

What are the hsbc visa smart value credit card fees?

  • HSBC card joining fee: None. 
  • HSBC credit card annual fee: None.

What are the hsbc smart value credit card benefits?

  • A huge joining bonus to welcome you:

The details of the HSBC smart value card welcome benefits are mentioned below.

Credit card usage


Rs.2500 within the first 30 days of your hsbc credit card activation.

  • Amazon voucher, worth Rs.500
  • Swiggy voucher, worth Rs.250
  • 3 complimentary domestic lounge access.
  • 3 meal vouchers (can be used at domestic airport restaurants)

On performing 5 eligible transactions (total accumulated value, Rs.5000) within the first 60 days of your hsbc credit card activation.

  • 10% cashback.
  • 10.99% HSBC credit card emi interest rate, annually (available for the first 90 days of card activation)
  • Make every transaction rewarding:

The hsbc credit card reward points are offered like this.

Category of transaction

Rate of earning hsbc credit card reward points

Every Rs.100 spent using this hsbc credit card

1 reward point

Online, dining, and telecom expenses

3X hsbc rewards for every Rs.150 transaction.

The hsbc credit card rewards are valid for 2 years, and you can redeem them from the HSBC rewards catalog. But, can we convert HSBC reward points to cash? The answer is no, your hsbc card rewards can’t be converted into cash.

  • Enjoy the lowest interest rate against revolving credit:

Depending on your credentials, the hsbc credit card interest rate ranges between 1.99% to 3.49% monthly. 

  • Enjoy easy bill splitting:

This hsbc credit card allows you to split your high-value transactions (over Rs.2,000) into monthly installments. The installment amount will be added to your monthly hsbc credit card statements. 

  • Enjoy exclusive credit card privileges:

The HSBC smart value card also comes with a number of useful facilities like credit card fund transfer, hsbc credit card loan on phone, loan on EMI, and lots more. You can also click here for the HSBC smart value new offers.

  • Instant hsbc credit card bill payment options:

You are allowed to make hsbc card payment online from your hsbc credit card online banking account, or by using an instant credit card bill payment app like Cred, Paytm, Phone Pe, Google Pay, etc.

What are the hsbc bank credit card charges?


Chargeable amount

HSBC credit card cash withdrawal charge

2.5% against the amount, min Rs.500 (check your available hsbc credit card cash withdrawal limit before making a withdrawal)

HSBC card finance charge

1.99% to 3.49% (Monthly). Applicable if your hsbc credit card balance is not paid in time.

HSBC credit card overseas transaction fee

3.50% against the transaction amount

HSBC add-on card fee


Now the question is, How do I check my HSBC credit card outstanding balance? You can log into your hsbc cards net banking account, all the details can be found there.

How to contact the hsbc credit card India 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 mail id: or 

100xGain Ratings: 


Pros and cons of the hsbc smart value credit card:



  • You can earn hsbc credit card rewards with every transaction.
  • It is a lifetime free credit card.
  • There are no dining or entertainment benefits on this hsbc bank credit card.

Final Opinion:

As said before, this is the most basic credit card from HSBC, and can only be helpful for those who are looking for an entry-level credit card to improve their credit score. In terms of benefits, this HSBC smartvalue card offers reward points, and this is the only benefit you can get from this lifetime free credit card.

So, if you are looking for the best credit cards for beginners, then I would recommend you visit our best beginners card page.

Alternative Cards:

  1. American Express SmartEarn Credit Card (Best for reward points)
  2. IDBI Bank Imperium Platinum Credit Card (Best for reward points)
  3. RBL Bank Monthly Treats credit Card (Best for cashbacks) 

It is often asked, What is the most prestigious HSBC credit card? According to me, it is the hsbc premier mastercard credit card.

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