HSBC Cashback Credit Card Review

Editor’s note: This is a recurring post, regularly updated with new information and offers. Last Updated 5th Dec 2023.

HSBC has recently revamped their Cashback Credit card and I would say it has been revalued as an exception in this season of brutal devaluations. Since earning points for travel is again becoming difficult many people are shifting to cashback credit cards to bump up their valueback.

Here's a quick review of this great credit card from HSBC Bank!

Charges and Welcome Benefits​

Joining Fees​	₹999 + GST​
Welcome Benefits​	Amazon voucher worth ₹1000 on spending ₹10000 within the first 30 days​
Annual Fees​	₹999 + GST​
Annual Benefits​	NIL​
Annual Fee Waiver​	Spend ₹2L on your card in a year for an annual fee waiver*.​
Add-on Fees​	NIL​
Card Category​	Cashback​

The welcome voucher compensates the joining fee but there will be no annual benefits for paying the annual fees.

Reward Rate​

Spends Area​	CashbackRate​	Capping​
All dining, food delivery and grocery spends​	10%​	₹1000​
All Other Spends*​	1.50%​	Unlimited​

• *Cashback cannot be earned on transactions made on Fuel, e-wallets, rental payments, Business to Business transactions, education and government payments, Insurance, Jewelry and antique items, Gambling, Tolls and Bridge Fees, Financial and Non-Financial Institutions, Security Broker Services, Collection Agencies, Charity, Money Transfers and Wholesale Clubs.​
• Your cashback will be credited within 45 days after the statement generation date​
• No cash-back redemption fee is applicable​

Other Benefits​

Airport Lounge Access​

Domestic Airport Lounge Access
Complimentary Limit – 4 Visits/ Calendar year (1 per quarter) within India only for primary cardholders.
Access Via – Credit Card

Fuel Surcharge Waiver​

No fuel surcharge waiver is applicable on this card.

Forex Markup​

Forex markup charges are applicable of 3.5%+GST.

Eligibility​

• You must be aged between 18 to 65​
• Your annual income must be at least INR400,000 per annum (for salaried individuals)​
• You must be an Indian resident​
• You must reside in any of the following cities: Bangalore, Chennai, Gurgaon, Hyderabad, Mumbai, New Delhi, Noida, Pune​

HSBC Bank is currently only offering their credit cards to salaried individuals that too very strictly. If you are a self-employed individual then you may try your luck by opening a premium bank account against a huge NRV.

TechnoFino Recommends​

A simple no-nonsense cashback card from HSBC Bank which caters to both Groceries and Dining that too at a flat 10% rate which I would say is unheard of before. Earlier Kotak was offering such cashback on their Essentia and Delight credit cards with some conditions and now have been discontinued.

If you are looking for a great multi-utility card for all your grocery and dining spending then this card should be there in your wallet! Not to worry about the fees since in festive time reaching that upper cap on 10% cashback even for just one time will make your card free virtually for the year. This card is in direct competition with the HDFC Swiggy card now.

Are you planning to get this card? Tell us in the comments below about your experience.

 

[krishc]

Hi, my application process has been similar to yours, after the adobe sign application completion step, what happens next, how to know whether card has been approved or not, do they call after adobe sign application step as well, can u share the details of process thereafter, sorry for too many queries, thanks in advance.

nothing else to do from your side
if they need anything from you, they'd call you
took around a week for my approval communication to come

 

[Tarun239]

nothing else to do from your side
if they need anything from you, they'd call you
took around a week for my approval communication to come

Thanks a lot

 

[hellobois]

Investing in Global Stocks is a different ballgame altogether.
On the credit card side in India, I'm not expecting much from them.

I use IndMoney for global investment, low cost and convenient for me.

 

[hellobois]

Both online food delivery and offline dining upto Rs 1000 cashback/month

offline dining only? we are expecting offline cashback for grocerry as well. someone pls confirm this. if its true then this card will be in great demand. 10% on grocery will be hugggeeeeeeeeeeeeeeeee loot. paisa hi paisa hoga .... babu bhaiya .. 😂😂😋

 

[Abhishek012]

offline dining only? we are expecting offline cashback for grocerry as well. someone pls confirm this. if its true then this card will be in great demand. 10% on grocery will be hugggeeeeeeeeeeeeeeeee loot. paisa hi paisa hoga .... babu bhaiya .. 😂😂😋

Try HSBC Cashback Credit Card here and direct transfer to bank at 2%+GST (full kyc) or Paytm fastag users free transfer to bank (mini kyc) - https://www.technofino.in/community...astag-education-fee-loan-repayment-etc.19358/

Here count under Grocery category, MCC code - 5999. If you are lucky you will get 10% cashback.

Note - personally not verified yet. First time try with Rs100 with mini kyc account and do Paytm fastag recharge and free transfer to bank. Wait 45 days, if you got the 10% cashback then do higher transaction.

@pmhunter
@krishc
@MJN

 

[TheGuy]

Try HSBC Cashback Credit Card here and direct transfer to bank at 2%+GST (full kyc) or Paytm fastag users free transfer to bank (mini kyc) - https://www.technofino.in/community...astag-education-fee-loan-repayment-etc.19358/

Here count under Grocery category, MCC code - 5999. If you are lucky you will get 10% cashback.

Note - personally not verified yet. First time try with Rs100 with mini kyc account and do Paytm fastag recharge and free transfer to bank. Wait 45 days, if you got the 10% cashback then do higher transaction.

@pmhunter
@krishc
@MJN

Abhishek bro how many cards do you have?!

 

[MJN]

Both online food delivery and offline dining upto Rs 1000 cashback/month

Grocery also both online and offline? Also can I get this card in Coimbatore (Tamilnadu)?

 

[pmhunter]

Got 10% cashback for Grocery when I swiped at local supermart. I'm not sure about online Grocery though.

 

[newmakerhere]

If anyone want to apply hsbc cashback credit card than apply through cadhkaro app. If card will approve than applicant will receive Rs 2000 Cash rewards.

 

[Deleted member 21942]

If anyone want to apply hsbc cashback credit card than apply through cadhkaro app. If card will approve than applicant will receive Rs 2000 Cash rewards.

Try my link to signup on cashkaro

https://cashk.app.link/cuN9eYF9pFb

What Cashkaro will get then?

 

[hellobois]

What Cashkaro will get then?

Customer data and may be some incentives by Bank

 

[RishiKiDev]

Customer data and may be some incentives by Bank

Data is the new oil!

 

[hellobois]

Data is the new oil!

Definitely. But my oil is already available with 100+ websites and bank so it is worthless. That's why I share my oil with everyone 😂😉😉😂

 

[hellobois]

Try HSBC Cashback Credit Card here and direct transfer to bank at 2%+GST (full kyc) or Paytm fastag users free transfer to bank (mini kyc) - https://www.technofino.in/community...astag-education-fee-loan-repayment-etc.19358/

Here count under Grocery category, MCC code - 5999. If you are lucky you will get 10% cashback.

Note - personally not verified yet. First time try with Rs100 with mini kyc account and do Paytm fastag recharge and free transfer to bank. Wait 45 days, if you got the 10% cashback then do higher transaction.

@pmhunter
@krishc
@MJN

Everything is good but this line is hurting me a lot - "if you are lucky you will get 10% cashback".
I'm not lucky bro. Moreover no one has confirmed getting 10% cashback on money transfer till now.
Pls update me if you get a news. Thanks 👍

 

[Pack_of_Cards]

Grocery also both online and offline? Also can I get this card in Coimbatore (Tamilnadu)?

Yes Coimbatore is serviceable area in HSBC

 

[Kumar93196]

offline dining only? we are expecting offline cashback for grocerry as well. someone pls confirm this. if its true then this card will be in great demand. 10% on grocery will be hugggeeeeeeeeeeeeeeeee loot. paisa hi paisa hoga .... babu bhaiya .. 😂😂😋

Have a look

 

[hellobois]

Have a look

Any joining fee waiver condition? I think earlier the existing customers were getting no joining fee offer. That was a good deal.

 

[MJN]

Yes Coimbatore is serviceable area in HSBC

Are you sure? Because it's not in their website;

 

[Kumar93196]

Any joining fee waiver condition? I think earlier the existing customers were getting no joining fee offer. That was a good deal.

Yes spend 2 lac in 1 year

 

[kunal.exe]

Applied for the card today, did Video KYC. My current and parmanent addresses are different, would they send someone to verify the parmanent address?