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.

 

[pprakash11]

Did you receive any mail/message of rejection?

Nothing.
Applied on 24/11/2023.

I applied on 2nd Jan as an Exiting to Bank customer but not able to track the application/card.

No option to track though

 

[BhaiyaJi]

Nothing.
Applied on 24/11/2023.

No option to track though

Sorry but how did you figure out its rejected?

 

[pprakash11]

Sorry but how did you figure out its rejected?

Call customer care

 

[MangoRush]

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

Have you tried it out on any of the above merchants?

 

[DevD]

Did they share this reason?

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

They did not share any reason. The cust care executive told me that you will receive an email regarding that.

 

[DevD]

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.

Do you hold a cc or bank ac of hsbc ?

 

[BhaiyaJi]

Do you hold a cc or bank ac of hsbc ?

Platinum credit card with pretty good limit.

 

[pprakash11]

They did not share any reason. The cust care executive told me that you will receive an email regarding that.

He told me that I will receive it within 40 days, which is already elapsed.

Also when I complained to HSBC Complaint Management System one lady called from Mumbai Complaints Dept. that we can't share reason. It's internal. I told her I am not satisfied.

 

[hellobois]

Have you tried it out on any of the above merchants?

I tried - Dmart, local restaurant, grocery and Big Basket via Tata Neu. waiting for cashback, moreover I will try to get MCC for each category and post here for benefit of others.

 

[DevD]

He told me that I will receive it within 40 days, which is already elapsed.

Also when I complained to HSBC Complaint Management System one lady called from Mumbai Complaints Dept. that we can't share reason. It's internal. I told her I am not satisfied.

But I think as per RBI guidelines they have to share the reason for rejection.

 

[pprakash11]

But I think as per RBI guidelines they have to share the reason for rejection.

That's the reason I knocked RBI and as a result HSBC sent a message that we have reopened your complaint no xxxx will provide resolution within 7 working days

 

[hellobois]

But I think as per RBI guidelines they have to share the reason for rejection.

Kotak rejected my application, I asked them the reason and then one day I got a message regarding card approval and delivery via bluedart. 😁😁
So i recommend asking the reason repeatedly 😎😋😍

 

[pprakash11]

Kotak rejected my application, I asked them the reason and then one day I got a message regarding card approval and delivery via bluedart. 😁😁
So i recommend asking the reason repeatedly 😎😋😍

Yes definitely. Would like to drag arrogant HSBC here till last

 

[senasenthil]

I applied for the card on Saturday. vKYC was completed. No messages thereafter and no CIBIL hit so far. I am wondering what is the status of my application.

 

[pprakash11]

I applied for the card on Saturday. vKYC was completed. No messages thereafter and no CIBIL hit so far. I am wondering what is the status of my application.

Just call them to know the status of your application

 

[DevD]

I applied for the card on Saturday. vKYC was completed. No messages thereafter and no CIBIL hit so far. I am wondering what is the status of my application.

They are just stupid. They will call you and ask for bank statement and salary slip even for c2c application.

 

[Rishabh]

Any idea how to check cashback for past month spends?
Unable to see any mention about cashback earnings in latest statement generated.

 

[shashidhar patil]

will get 10%cashback on flipkart grocery also????

 

[hellobois]

will get 10%cashback on flipkart grocery

Bro are you informing us or asking? 😳😮

 

[Sreebhargava]

Recently got the card particularly for grocery cashback even on offline (online of course is a good deal as well)

Hi,
I have HSBC visa platinum card and i checked with bank and they are ready to upgrade the card to cashback card, is it worth to pay 999 annual charges