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, EasyDiner, Restaurants, KFC, Dominos and DMart - working for 10% cashback (unless you have above 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:

 

[helloworld]

@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

I'm sure BigBasket, Innovative.. provides 10% but not sure BigBasket Pune.. this one always messes up.

 

[shutapdiya]

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

whoever is doing test txn to check the MCC, ensure to do it through Tata neu (not directly bigbasket)

It might be possible that there may be diff. MCCs for txn through tataneu and direct bigbasket

 

[helloworld]

HSBC Charging Annual Fee.. as 999 for renewal cards even though new changes applied Since 01st Sep. So, make sure you're ready to call and request for waiver, unlike other banks where changes usually applied after renwal onwards.

And, those who availed HSBC Cashback as add-on and spending, do note the following TnC:



Only if primary card holder spends more than 200,000 then only it got waived.

 

[shutapdiya]

HSBC Charging Annual Fee.. as 999 for renewal cards even though new changes applied Since 01st Sep. So, make sure you're ready to call and request for waiver, unlike other banks where changes usually applied after renwal onwards.

And, those who availed HSBC Cashback as add-on and spending, do note the following TnC:



Only if primary card holder spends more than 200,000 then only it got waived.

Does it mean, 2 Lac combined on primary+ add on wont count for fee waiver?

This is bullshit by HSBC

 

[nithin1992]

How / when do we know the cashback received for a month? Tagging @helloworld in case you are aware. It's been a week since my first statement generation and so far I've not been able to figure this out.

 

[helloworld]

How / when do we know the cashback received for a month? Tagging @helloworld in case you are aware. It's been a week since my first statement generation and so far I've not been able to figure this out.

3-5 days before next statement.

 

[wapenshaw]

Updated MCC List.

FYI: I had dining in a restaurant and got 5399 MCC

how did you know the mcc ??

 

[Iamshashikant]

Already mentioned here: https://www.technofino.in/community/threads/hsbc-cashback-changes-w-e-f-01-sep-23.17087/post-372436

Is really this cc provides cbk on Grocery? And from when we start getting to know which mcc are?

 

[Shvmchhbr]

......

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

As per my understanding majority of the above outlets come under the category of departmental stores that corresponds to 5311 MCC and the same is not the part of the cashback MCC's mentioned in the first comment . So the answer should be NO

 

[jack333]

......

As per my understanding majority of the above outlets come under the category of departmental stores that corresponds to 5311 MCC and the same is not the part of the cashback MCC's mentioned in the first comment . So the answer should be NO

It's 5411 for reliance and dmart

 

[sarainfo12]

Last week I went to dmart electronic City, there i swiped my federal card , it came under bonus rewards (health/grocery).

 

[pprakash11]

Last week I went to dmart electronic City, there i swiped my federal card , it came under bonus rewards (health/grocery).

My recent transactions at Reliance Smart Bazaar and Reliance Smart Point getting tagged as 5722 MCC

 

[vijay.vj]

My recent transactions at Reliance Smart Bazaar and Reliance Smart Point getting tagged as 5722 MCC

Did it fetch 10% cashback?

 

[pprakash11]

Did it fetch 10% cashback?

I don't know about HSBC Cashback Card.

But my IDFC FIRST Power Plus Card did not fetch 5% cashback for that transaction.

I have applied HSBC Cashback Card, will be testing once mine is approved.

 

[shutapdiya]

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.

Hi Bro, did they deny you Cashback stating this MCC is not eligible?

Also 5399 seems Grocery MCC as per HDFC

https://www.hdfcbank.com/personal/pay/cards/debit-cards/easyshop-platinum-debit-card/merchant-category-code

while

Miscellaneous General Merchandise Stores as per NPCI

Merchant Category Code

www.npci.org.in

 

[helloworld]

Hi Bro, did they deny you Cashback stating this MCC is not eligible?

Also 5399 seems Grocery MCC as per HDFC

https://www.hdfcbank.com/personal/pay/cards/debit-cards/easyshop-platinum-debit-card/merchant-category-code

while

Miscellaneous General Merchandise Stores as per NPCI

Merchant Category Code

www.npci.org.in

Yes. Got only 1.5%. After that whenever in doubt using other cards but known places its working and getting 10% on grocery, dining, food delivery.

And these MCC categories won't count you have to check official VISA, MC, or Rupay categories like the once Citi provide. HDFC one looks like way personalized and no way any bank accept that.

 

[superb_message_8062]

Did it fetch 10% cashback?

I do have a HSBC cashback card, have spent at smart point, called up the Helpline, they told MCC is 5722 and it comes under homedecor category and is not eligible for 10% Cashback.

 

[margan]

My recent transactions at Reliance Smart Bazaar and Reliance Smart Point getting tagged as 5722 MCC

'Hey. .. from where you getting this MCC info ?
Apart from calling the hsbc customer care ?

 

[pprakash11]

'Hey. .. from where you getting this MCC info ?
Apart from calling the hsbc customer care ?

Using IDFC Credit Cards

 

[margan]

Using IDFC Credit Cards

Oh.. so you say, while using IDFC cc, you get the respective MCCs for each transaction ?
Thanku for ur response..