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:

 

[Abhishek012]

Tum supreme commander ko samjhe nahi abhi tak

Inki maharat Rupay/ UPI/ tricks- loopholes/ Devaluation, etc me hai

Aisa na hai. dusre chizo me time waste nhi krta share krne me but hai except nhi hu dusre chizo me.

 

[vijay.vj]

METRO membership ? you mean METRO wholesale stores ? no idea.

Kotak is offering RuPay Metro Credit card (but i heard this card is not working anywhere except Metro stores) -

Kotak, METRO Wholesale launch RuPay Credit card, earn cashback upto Rs 10,000 per month

Kotak, METRO Wholesale launch RuPay Credit card, earn cashback upto Rs 10,000 per month Kotak bank and METRO Wholesale launch the METRO Kotak Credit Card for millions of METRO customers, including small retailers, SMEs and Kirana stores. METRO Kotak Credit card will provide easy, interest –...

www.technofino.in

Yes. Card itself isn't much interesting tho.

 

[krishc]

Hey, do you any tricks to get METRO membership as a regular individual (they offer it only to bussiness people who have GST)? They offer great discounts across many things, but sadly not open to regular customers.

After Reliance takeover of Metro India business, it was announced that it will be soon opened to regular retail customers as well.
But since then no concrete news about what's the procedure and so far unable to verify from anyone actually trying this.

 

[vijay.vj]

I just came across Essentia Platinum Credit Card which is basically mini HSBC CB card (10% upto 500 per month with 749 annual fee) & this card is discontinued.

Fingers crossed for HSBC CB.

 

[venkateshr]

Any idea whoever is using this card why are they not giving cashback on these merchants - "Raz Credence" and "Samast Technologies Pvt. Ltd." - any leads would be helpful. Thanks.

 

[Rdspam]

Any idea whoever is using this card why are they not giving cashback on these merchants - "Raz Credence" and "Samast Technologies Pvt. Ltd." - any leads would be helpful. Thanks.

What are these merchants for?

 

[venkateshr]

What are these merchants for?

One is a rewards site. Other one - samast even i forgot where i had swiped it - maybe magicpin but i'm not sure.

 

[shutapdiya]

One is a rewards site. Other one - samast even i forgot where i had swiped it - maybe magicpin but i'm not sure.

Samast is magicpin

 

[helloworld]

Any idea whoever is using this card why are they not giving cashback on these merchants - "Raz Credence" and "Samast Technologies Pvt. Ltd." - any leads would be helpful. Thanks.

call and get mcc. compare with exclusion categories and see where it falls.

 

[SpidySpider]

Yes, you can buy from Jiomart website.

recently i saw we can buy jiomart gift card from Amazon (2% extra off) or gyfr websites and all bank partnership gyftr websites too.

Has anyone used these? As I just saw a review on Amazon, in which it said that these gift cards did not work for products purchased in Smart Bazaar(In the jiomart app).

 

[shutapdiya]

View attachment 40606

@helloworld have you taken this list from HSBC Visa Platinum offer or this is updated for HSBC Cashback Card somewhere?

 

[helloworld]

@helloworld have you taken this list from HSBC Visa Platinum offer or this is updated for HSBC Cashback Card somewhere?

Visa platinum and matched with earlier discussion with customer support provided mccs.

Let me know if any changes..

Updated with note.

 

[shutapdiya]

Visa platinum and matched with earlier discussion with customer support provided mccs.

Let me know if any changes..

nope, no changes required

I was looking for the list in the post where you had put eligible MCCs after call with Customer support but found this one which was similar to Visa Platinum offer

Now we can conclude that this is official list of MCCs which HSBC considers under Restaurant, Food & Grocery Category

 

[helloworld]

nope, no changes required

I was looking for the list in the post where you had put eligible MCCs after call with Customer support but found this one which was similar to Visa Platinum offer

Now we can conclude that this is official list of MCCs which HSBC considers under Restaurant, Food & Grocery Category

Yes, Since it came from HSBC, these are the mcc registered in their system for these categories.

Some other mccs also might apply but for now these are matching with Swgy, zmto, bb etc. known websites.

 

[sarainfo12]

My wife just got this card (brainwashed my wife to apply it 🤣🤣, and we can close one other card) .

Btw , how the cashback cycle works ? Is that calender month like millennia or statement cycle ?
Do we need to wait until statement generates too see the cashback or we can see in 2 to 3 days after transaction settles . ?

Thanks

 

[venkateshr]

My wife just got this card (brainwashed my wife to apply it 🤣🤣, and we can close one other card) .

Btw , how the cashback cycle works ? Is that calender month like millennia or statement cycle ?
Do we need to wait until statement generates too see the cashback or we can see in 2 to 3 days after transaction settles . ?

Thanks

It is usually ~18 days after the stmt generation, essentially 2-3 days after the pmt due date of the last stmt. For my wife's 15 Dec stmt, the CB was posted on 3rd Jan.

 

[helloworld]

My wife just got this card (brainwashed my wife to apply it 🤣🤣, and we can close one other card) .

Btw , how the cashback cycle works ? Is that calender month like millennia or statement cycle ?
Do we need to wait until statement generates too see the cashback or we can see in 2 to 3 days after transaction settles . ?

Thanks

like fk or airtel.. credit in next month statement but we don't know how much cb we got in this month.

 

[shutapdiya]

It is usually ~18 days after the stmt generation, essentially 2-3 days after the pmt due date of the last stmt. For my wife's 15 Dec stmt, the CB was posted on 3rd Jan.

like fk or airtel.. credit in next month statement but we don't know how much cb we got in this month.

My wife just got this card (brainwashed my wife to apply it 🤣🤣, and we can close one other card) .

Btw , how the cashback cycle works ? Is that calender month like millennia or statement cycle ?
Do we need to wait until statement generates too see the cashback or we can see in 2 to 3 days after transaction settles . ?

Thanks

It is actually 45 days from statement generation so in next to next statement the cb gets posted (worst thing about this card)

 

[helloworld]

It is actually 45 days from statement generation so in next to next statement the cb gets posted (worst thing about this card)

that they modified, now we're getting cb for last statement.

earlier before these changes it was like that (2 months approach).

 

[shutapdiya]

that they modified, now we're getting cb for last statement.

earlier before these changes it was like that (2 months approach).

When did it change?

I see last in my statement was generated on 6th oct and cb credited around 20th Nov

Haven't used card after that😅