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.

 

[hellobois]

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

Take a seperate one, in case you don't need cashback card you still be able to hold one LTF card from HSBC, may be used for future application/offers (If any)

 

[Sreebhargava]

Take a seperate one, in case you don't need cashback card you still be able to hold one LTF card from HSBC, may be used for future application/offers (If any)

makes sense, is this card better one or SC Smart Credit Card is better one

 

[hellobois]

makes sense, is this card better one or SC Smart Credit Card is better one

smart is FYF I guess, only 1.2L in a year and its free + 2% on every trnx w/o any condition, I am using it since last 6 months, no issues till now. Just dont use t for rental trnx, they charged me 1+GST for last 4 months and debit started in this month only, they are late in charging fee etc, so be carefull.

 

[akshayhs]

This question is for people who already have 10-11 cards. Were you approved? I have 11 cards and I am contemplating getting this. But I am a bit skeptical because I already have 11 cards and nervous about applying.

 

[Animal]

This question is for people who already have 10-11 cards. Were you approved? I have 11 cards and I am contemplating getting this. But I am a bit skeptical because I already have 11 cards and nervous about applying.

I had 17 cards and it was approved. I’m holding HSBC Visa Platinum as well. If you are salaried, then should not be any issue.

 

[akshayhs]

I had 17 cards and it was approved. I’m holding HSBC Visa Platinum as well. If you are salaried, then should not be any issue.

Yes I am salaried but my credit limit:salary ratio is roughly 1.3:1. I will be NTB for HSBC.

 

[Animal]

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

@hellobois I’ve been using it mainly at the following and getting 10% cashback:

Bbdaily, BBNow and BB via Tata Nue, Swiggy Food and Instamart, Dineout, Restaurants, Local Grocery stores(Vijetha).

If MCC is correct then you will definitely get the cashback.

 

[Animal]

Yes I am salaried but my credit limit:salary ratio is roughly 1.3:1. I will be NTB for HSBC.

@akshayhs I suggest you to go ahead and apply. It’s worth one cibil enquiry.

 

[MangoRush]

This question is for people who already have 10-11 cards. Were you approved? I have 11 cards and I am contemplating getting this. But I am a bit skeptical because I already have 11 cards and nervous about applying.

25 cards, was approved. But was existing card holder.

 

[CardGame]

25 cards, was approved. But was existing card holder.

Then your case is out of scope here 😅

 

[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.

Received message from Bluedart on Tuesday and card was delivered on Wednesday. From application to delivery, no message from the bank.

 

[Mars_rover]

My aadhar address (home) is not serviceable but where I am working (my office add) is serviceable. Can I apply for this card? Is there any provision for same?

 

[hellobois]

My aadhar address (home) is not serviceable but where I am working (my office add) is serviceable. Can I apply for this card? Is there any provision for same?

Same here, got two cards from HSBC. While applying enter the local address and call customer service team for your issue, they will assist.

 

[Mars_rover]

Can you let me know contact for service team?

Same here, got two cards from HSBC. While applying enter the local address and call customer service team for your issue, they will assist.

 

[hellobois]

Can you let me know contact for service team?

There is no seperate customer team for this, go through the normal customer service number. - 1800 267 3456

 

[Iamshashikant]

@hellobois I’ve been using it mainly at the following and getting 10% cashback:

Bbdaily, BBNow and BB via Tata Nue, Swiggy Food and Instamart, Dineout, Restaurants, Local Grocery stores(Vijetha).

If MCC is correct then you will definitely get the cashback.

What is for local shop of only who sells Dry fruits? Only grocery will count here na?

 

[Animal]

What is for local shop of only who sells Dry fruits? Only grocery will count here na?

Ideally it should be counted towards grocery however you need to try and see. Try with small amount and wait for cashback to get credited.

 

[hellobois]

What is for local shop of only who sells Dry fruits? Only grocery will count here na?

Use the card for 100-200 and ask CC for MCC and also ack if there will be 10% cashback for that MCC. They will clarify for sure.

 

[hellobois]

Sharing the MCC which are considered for 10% cashback (as per HSBC customer care) I'll further clarify after statement generation and cashback.
DMart - 5411
Big basket via Tata Neu - 5411
Local restaurant and cafe - 5812, 5814

 

[Mars_rover]

There is no seperate customer team for this, go through the normal customer service number. - 1800 267 3456

IVR wali aunty saying “sorry, we don’t have your application”
Any way to contact support team?