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.

 

[MJN]

Card can be approved as well can be rejected. If approved, you will directly get card one day thu BD. Sometimes they do send approval sms too.

Nope

Post 5-7 days call customer care and quote cc application ref no and they will tell the status

T H A N K U

 

[Rohan]

How much time does it take to get joining/10k spend voucher?

 

[Animal]

How much time does it take to get joining/10k spend voucher?

Approx 60 days.

 

[Rohan]

If I use this card at local restaurant will it get 10% CB.

 

[Animal]

If I use this card at local restaurant will it get 10% CB.

Y e s

 

[Aditya12]

Applied on 9th April; VKYC successfully completed on 10th April; Got mail confirmation also; But after that, no mail or call; I didn't still get cibil hit;

1) When I will receive the card?
2) Will I get any call from customer care explaining the features and charges?
3) How to know whether my card is approved or not?

1. In Pune I got the card in around 10-12 days.
After 3-4 days of applying I called them and they said the card is declined. However after further 4-5 days I received an SMS from Bluedart that a I've been shipped something by HSBC. I called HSBC again and they confirmed that the card is declined. On the day I received card, I also got an approval SMS from HSBC. It has been a week and I am using the card.

2. I did not get any. Just an email after a week of receiving the card.
3. I got approval sms but on the date I received the card.

 

[RajMahadik]

Applied on 9th April; VKYC successfully completed on 10th April; Got mail confirmation also; But after that, no mail or call; I didn't still get cibil hit;

1) When I will receive the card?
2) Will I get any call from customer care explaining the features and charges?
3) How to know whether my card is approved or not?

You will get sms for SET PIN… before aproval sms…. I got aproval msg after 2 days of receiving SET PIN sms

 

[desaik231]

Hello,
Has anyone tried this card in D mart and got 10% CB? My family does heavy shopping on dmart and this might be perfect card to have in that case

 

[SamPtnk]

This card gets 10% on Bigbasket/Zepto/Blinkit ?

 

[Animal]

This card gets 10% on Bigbasket/Zepto/Blinkit ?

Y e s

 

[qf037x42v]

anyone with a salary account got his card LTF?

 

[pprakash11]

anyone with a salary account got his card LTF?

As per their T&C only PREMIER ACCOUNT HOLDERS get this card as LTF. No relation with salary account.

 

[qf037x42v]

As per their T&C only PREMIER ACCOUNT HOLDERS get this card as LTF. No relation with salary account.

do you have any Doc i can quote?
The guy at my office denies LTF even though i have the premier account.

 

[pprakash11]

do you have any Doc i can quote?
The guy at my office denies LTF even though i have the premier account.

 

[harsha1]

They were offering this card as LTF in my office today. Also, the sales executive claimed that the 1k Amazon voucher will be sent even for LTF card if you send 10k within 30 days.

Which company you work bro?

 

[qf037x42v]

Thanks a lot. As i have the premier account, If I go ahead and apply for it online, would I get it LTF?
Edit: Annual fee waiver. Not LTF. Probably will be charged a joning fee

 

[pprakash11]

Thanks a lot. As i have the premier account, If I go ahead and apply for it online, would I get it LTF?
Edit: Annual fee waiver. Not LTF. Probably will be charged a joning fee

Better consult your RM

 

[googley]

10% cb for online and offline? My monthly offline dining will be around 10k..Will I get cb?

10% cashback is applicable for both online and offline dining and groceries.

 

[the_collector]

Hello everyone, quick question, I hold the visa platinum with hsbc currently and looking to apply for this one

Can I apply alongside my visa platinum? I mean can I hold 2 hsbc cards?

And if I apply as a new application, will it be shared limit or a new limit assigned? My current card has a low limit and I don't want the same.

Anyone holding visa platinum and cashback both can confirm this?

 

[krishc]

Hello everyone, quick question, I hold the visa platinum with hsbc currently and looking to apply for this one

Can I apply alongside my visa platinum? I mean can I hold 2 hsbc cards?

And if I apply as a new application, will it be shared limit or a new limit assigned? My current card has a low limit and I don't want the same.

Anyone holding visa platinum and cashback both can confirm this?

1. yes you can get both
2. new limit will be assigned
I'd 374k in my platinum CC, got 150k for cashback CC