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.

 

[CardGame]

Not sure about LTF, however my friend had an account in the bank, he did got FYF, like in the middle of '23.

In the end, he still got charged. I don't know, if they reversed it later on or not

He is salaried and having salary account with HSBC?

 

[shivanshbhardwaj]

He is salaried and having salary account with HSBC?

No, saving account.
No idea, why he thought of opening there. Maybe a trial experience or something

 

[hellobois]

You could request for FYF, if any offer is still available

no FYF, hwevr we get 10% upto 1000 so its FYF only. and the reward rate is best for those who prefer Dmart, Rel Retail and other shopping marts + swiggy zomato is also there

 

[DevD]

I had 13 enquiries in 3 months and they gave me the card. Your 4 enquiries is nothing !

How many days they took for card approval after vkyc ?

 

[vijay.vj]

How many days they took for card approval after vkyc ?

Had my card in my hand within a week. They are quite fast.

Sad thing is, they don't share any updates. I came to know about card approval when I received SMS with tracking details of bluedart.

 

[MJN]

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.

Since the welcome benefits ended now (Till 31st Dec Only)

Any other welcome benefits updated? Or any other update? I need to get this card, shall I wait till March? (Year end offers)

 

[hellobois]

Since the welcome benefits ended now (Till 31st Dec Only)

Any other welcome benefits updated? Or any other update? I need to get this card, shall I wait till March? (Year end offers)

My card was delivered on 29 Dec, am I eligible for welcome benefit of 1000 cashback?

 

[CardGame]

My card was delivered on 29 Dec, am I eligible for welcome benefit of 1000 cashback?

You should be

 

[DevD]

My card was delivered on 29 Dec, am I eligible for welcome benefit of 1000 cashback?

Did they ask for bank statement where salary was credited ? I applied for c2c on 1st jan now they are asking for bank statement.

 

[hellobois]

Did they ask for bank statement where salary was credited ? I applied for c2c on 1st jan now they are asking for bank statement.

I already hold platinum CC so no kyc done. Direct approval of card

 

[hellobois]

Hi guys, those who are using the card may please confirm that the card gives 10% cashback on which of the following
1. D-Mart
2. Reliance retail
3. any other local department store for grocery
4. Swiggy, Zomato, eatsure and any other food delivery website or mobile application
5. Big basket
6. Big basket via Tata Neu app
7. Any other category/app thich I have missed may pls be noted for the benefit of all HSBC Cashback Credit Card holders.

Make it a matter list so that we can loot together 😀😉

Ekta me bal hai, ekta ko chedna mat warna utha ke patak degi 🤣🤣🤣😝🧸

Need help of legends as well @Abhishek012 @RAMDV

 

[MJN]

Since the welcome benefits ended now (Till 31st Dec Only)

Any other welcome benefits updated? Or any other update? I need to get this card, shall I wait till March? (Year end offers)

Update

Cashback Credit Card Introductory Offers
Introductory offers are valid on HSBC Cashback Credit Card from 1 Jan 2024 till 30 June 2024

Vouchers
Make transactions of a minimum of INR 10000 within first 30 days to get Amazon vouchers (worth INR1000).TnC’s apply

 

[hellobois]

Hi guys, those who are using the card may please confirm that the card gives 10% cashback on which of the following
1. D-Mart
2. Reliance retail
3. any other local department store for grocery
4. Swiggy, Zomato, eatsure and any other food delivery website or mobile application
5. Big basket
6. Big basket via Tata Neu app
7. Any other category/app thich I have missed may pls be noted for the benefit of all HSBC Cashback Credit Card holders.

Make it a matter list so that we can loot together 😀😉

Ekta me bal hai, ekta ko chedna mat warna utha ke patak degi 🤣🤣🤣😝🧸

Need help of legends as well @Abhishek012 @RAMDV

Koi to confirm kar do bhai :|

 

[TheGuy]

Koi to confirm kar do bhai :|

bhai itne logon k paas nhi h ye card. HSBC ka customer base hi 10L se kam h.

Translation: Few have this card. HSBC itself has less than 10L customers.

 

[hellobois]

bhai itne logon k paas nhi h ye card. HSBC ka customer base hi 10L se kam h.

Translation: Few have this card. HSBC itself has less than 10L customers.

Thanks for the translation 😊

 

[MorningStar]

Hi guys, those who are using the card may please confirm that the card gives 10% cashback on which of the following
1. D-Mart
2. Reliance retail
3. any other local department store for grocery
4. Swiggy, Zomato, eatsure and any other food delivery website or mobile application
5. Big basket
6. Big basket via Tata Neu app
7. Any other category/app thich I have missed may pls be noted for the benefit of all HSBC Cashback Credit Card holders.

Make it a matter list so that we can loot together 😀😉

Ekta me bal hai, ekta ko chedna mat warna utha ke patak degi 🤣🤣🤣😝🧸

Need help of legends as well @Abhishek012 @RAMDV

I’m using in selected places and giving Cashback like dmart, FTH daily, restaurants, local supermarket and food ordering apps.

 

[mechanism_chronically]

Hi guys, those who are using the card may please confirm that the card gives 10% cashback on which of the following
1. D-Mart
2. Reliance retail
3. any other local department store for grocery
4. Swiggy, Zomato, eatsure and any other food delivery website or mobile application
5. Big basket
6. Big basket via Tata Neu app
7. Any other category/app thich I have missed may pls be noted for the benefit of all HSBC Cashback Credit Card holders.

Make it a matter list so that we can loot together 😀😉

Ekta me bal hai, ekta ko chedna mat warna utha ke patak degi 🤣🤣🤣😝🧸

Need help of legends as well @Abhishek012 @RAMDV

Tried

Local groceries
Local restaurants
Swiggy, Zomato,
Big basket

All above are working for me

 

[DevD]

HSBC declined my C2C application as I did not share bank statement of salary credit.

 

[pprakash11]

HSBC declined my C2C application as I did not share bank statement of salary credit.

Did they share this reason?

I was rejected too but they did not share any reason. I filed complaint with RBI BO

 

[BhaiyaJi]

Did they share this reason?

I was rejected too but they did not share any reason. I filed complaint with RBI BO

Did you receive any mail/message of rejection? I applied on 2nd Jan as an Exiting to Bank customer but not able to track the application/card.