HSBC Cashback Review (w.e.f 01-Sep-23 i.e., after revaluation)

[helloworld]

Related posts: https://www.technofino.in/community/threads/one-more-devaluation-this-time-hsbc-cashback-card.15623/

Summary:

Benefit/Feature	New Changes
Annual Fee	999+18% GST
Fee Waiver	2L
Online Spends	1.5%
Offline Spends	1.5%
Grocery MCC	10% (with below two categories upto 1K per month)
Dining MCC	10%
Swiggy/Zomato or Food Delivery MCC	10%
Easydiner	15% upto 500 on min.2.5k
Lounge Benefit	4 per year
fuel, rental, govt. transactions, e-Wallets, insurance, education, B2B goods and services, jewellery, charity, toll fees, cash advances, payments of outstanding balances, payments of card fees and other card changes	0%

Some MCCs (Reference Purpose Only):



Note: The transactions for each category are identified through Merchant Category Codes* (MCC), defined by the Network, e.g. Visa, MasterCard and RuPay.

Mall food courts, Nearby grocery stores, Supermarkets, Swiggy Instamart and Grocery - worked for me for 10% cashback based on above MCC (unless you have same MCC, no guarantee).

Replace some cards (If you use this card ..):

1.5% offline - Alternative to FK 1.5% Card
10% grocery (offline) - Alternative to StanC Manhattan 5% Card
10% grocery and food delivery (online) - Alternative to Airtel 10% Card
10% dining (offline) - Alternative to AU Zenith 5% Card

Exclusion MCC List:

 

[AlgoTrader]

nice,

 

[_thekingpin]

Wow, 10% on grocery is a great offering, worth applying for grocery itself

 

[nithin1992]

@helloworld do you know if 10% CB valid on dining (restaurants POS machines) and grocery (offline like Dmart, Star Bazaar etc)?

 

[helloworld]

@helloworld do you know if 10% CB valid on dining (restaurants POS machines) and grocery (offline like Dmart, Star Bazaar etc)?

It started Sep 1st, will make some purchases this month and can get confirmation about mcc but to know cashback % need to wait one more month to verify properly.

It takes time, will update as soon as it completed.

 

[Jhon Anand]

Do we recieve income tax cashback of 1.5% ? If yes, is there any capping?

Nvm got it in the thread you Linked.

The agent was trying to fool me by saying yes for govt transactions. They've setup a stall in our corporate campus and scamming people 😂😂

 

[shutapdiya]

Do we recieve income tax cashback of 1.5% ? If yes, is there any capping?

Nvm got it in the thread you Linked.

The agent was trying to fool me by saying yes for govt transactions. They've setup a stall in our corporate campus and scamming people 😂😂

This card used to give but after devaluation it has become useless

 

[Jhon Anand]

This card used to give but after devaluation it has become useless

Damn, very less cards for gov transactions in the market now

 

[jack333]

Related posts: https://www.technofino.in/community/threads/one-more-devaluation-this-time-hsbc-cashback-card.15623/

Summary:

Benefit/Feature	Earlier Values	New Changes
Annual Fee	750+18% GST	999+18% GST
Fee Waiver	1L	2L
Online Spends	1.5%	1.5%
Offline Spends	1%	1.5%
Grocery MCC	Depends on Online/Offline Cashback	10% (with below two categories upto 1K per month)
Dining MCC	Depends on Online/Offline Cashback	10%
Swiggy/Zomato or Food Delivery MCC	1.5%	10%
Blinkit	10%	10%
Easydiner	30% upto 600 on min.1k	30% upto 600 on min.1k
Amzn Shopping	5% upto 250 per month	5% upto 250 per month
TataCliq	15% upto 500 per month	15% upto 500 per mont
AJIO	10% off upto 1k per month on Tuesdays	10% off upto 1k per month on Tuesdays
BigBasket	10% off upto 250 / BBNow: Flat 50 on 600	10% off upto 250 / BBNow: Flat 50 on 600
Lounge Benefit	0	4 per year
fuel, rental, govt. transactions, e-Wallets, insurance, education, B2B goods and services, jewellery, charity, toll fees, cash advances, payments of outstanding balances, payments of card fees and other card changes	0% (e-Wallets, rental) or 1.5% (others)	0%

Ideally if you're availing 10% on and Grocery or Food delivery apps with instant discount, one should also get another 10% as statement cashback. Have to try and confirm (will update if worked).



Key Points:

1.5% offline - Alternative to FK 1.5% Card
10% grocery (offline) - Alternative to StanC Manhattan 5% Card
10% grocery and food delivery (online) - Alternative to Airtel 10% Card
10% dining (offline) - Alternative to AU Zenith 5% Card

View attachment 28986

Do you know the mcc list for 10% cashback?

 

[helloworld]

Updated MCC List.

FYI: I had dining in a restaurant and got 5399 MCC which is not dining MCC and no 10% on that transaction.

 

[qf037x42v]

Can you tell how you got the MCC codes from HSBC CC? I called them up and they have no idea what an MCC code is.

 

[helloworld]

Can you tell how you got the MCC codes from HSBC CC? I called them up and they have no idea what an MCC code is.

Seems like the customer representative picked my call knows about MCC...

Anyway, added note.

 

[nithin1992]

Anyone verified the cashback with any other restaurants / grocery stores, DMART, Stat Bazaars etc?

 

[helloworld]

Anyone verified the cashback with any other restaurants / grocery stores, DMART, Stat Bazaars etc?

In my case it works nearby grocery stores (not big ones like Bazzar or Marts but Grocery stores and supermarkets) and I'm hoping 10% next month because MCC matched. And I know these based on my experience with StanC Manhattan which provides 5% on these shops but again it depends on MCC. And DMart as per my last visit provides 3 MCCs and worked with Manhattan at that time (not a frequest visitor).

Note: Just reiterating, even if I say my DMart transaction fetched 10%, it doesn't mean it works every DMart. Its more depends on POS machine and when it comes to cashback it 100% depends on MCC.

Swiggy provides 10% for both Airtel and Cashback* and BigBasket has multiple MCC which we have to verify and see which one working.

* not yet posted but confirmed with MCC.

Note: Again, based on my experience each DMart has atleast 4+ POS machines, so even today when I swiped got required MCC, there is no way for sure I know tomorrow that is the POS machine that I swiped yesterday. Its more or like gamble, once you're comfortable stick to that place and swipe happily without any worries, but that needs test transactions, confirmations and frequent usage.

Funfact: When I had Lunch in a mall, I got fuel surcharge because they're using Petrol MCC POS machine in that restaurant.

Maybe for better answer, you have to request location specific stores. People who lives nearby and uses those places can confirm.

 

[Sai Ganesh]

Post Oct 1 , 2023 , the amazon offers are discontinued.

Spoke to customer care and got confirmation on the same.

Both amazon purchase and billpay offers are discontinued.

I really dont see this card worth now apart from dining and grocery spends which gives 10% CB.

See below link for your reference.

HSBC Visa Cashback Credit Card | Apply online - HSBC IN

HSBC Cashback Credit Card offers 1.5% cashback on online transactions and 1% cashback on offline purchases. Apply now and start saving on your expenses today!

www.hsbc.co.in

 

[helloworld]

Post Oct 1 , 2023 , the amazon offers are discontinued.

Spoke to customer care and got confirmation on the same.

Both amazon purchase and billpay offers are discontinued.

I really dont see this card worth now apart from dining and grocery spends which gives 10% CB.

See below link for your reference.

HSBC Visa Cashback Credit Card | Apply online - HSBC IN

HSBC Cashback Credit Card offers 1.5% cashback on online transactions and 1% cashback on offline purchases. Apply now and start saving on your expenses today!

www.hsbc.co.in

Yes. Saw some offers like Easydiner, TataCliq, Ajio removed, will update once this month completed and confirm its not temporary issue.

 

[helloworld]

Info: Currently HSBC has only 2 cards (+ Premier only available to NRV customers) one is LTF and another one is Paid.

And HSBC removed partner offers from all their credit cards along with joining benefits (whatever available now, just to compensate joining fee, earlier it was double).

 

[pmhunter]

The earlier 30% Eazydiner benefit for HSBC Cashback is now there on PayTM food.

 

[sarainfo12]

@helloworld any update on bigbasket ?
We are currently using tata neu infinity for bigbasket to get 10% neu coins back via tata neu app .
If this card will give 10% cashback then we can use this because we will get 10% from this card and additional 5% as neu coins .
15% sounds great deal for me .
@pprakash11

 

[pprakash11]

@helloworld any update on bigbasket ?
We are currently using tata neu infinity for bigbasket to get 10% neu coins back via tata neu app .
If this card will give 10% cashback then we can use this because we will get 10% from this card and additional 5% as neu coins .
15% sounds great deal for me .
@pprakash11

Need to confirm what's the MCC of big basket?