One More Devaluation: This time HSBC Cashback Card

[shutapdiya]

Here are some of the key highlights of our revised HSBC Cashback Credit Card offering:​

​

•​ Earn More Cashback: Enjoy a 10% cashback (up to ₹1,000) on categories such as dining, grocery, and food delivery. Also, earn unlimited 1.5% cashback on all other spends. Cashback not eligible on select categories such as Fuel, Rental, Govt. Transactions, E-wallets, Insurance, Education, B2B Goods and Services, Jewelry, Charity, Toll fees, Cash Advances, Payment of outstanding balances, payment of card fees and other card charges​ ​ ​ •​ Elevated Airport Lounge Experience: 4 complimentary airport lounge access, one per quarter​ ​ ​ •​ Joining and Renewal Fee: There will be a joining fee of only ₹999 (not applicable to existing customers). There will also be a renewal fee of ₹999, which will be waived upon reaching a spend milestone of ₹200,000 in a year​

​

Please note that these changes will come into effect for your existing credit card from 26-Aug-2023.​

 

[mechanism_chronically]

Here are some of the key highlights of our revised HSBC Cashback Credit Card offering:​

​

​ •​ Earn More Cashback: Enjoy a 10% cashback (up to ₹1,000) on categories such as dining, grocery, and food delivery. Also, earn unlimited 1.5% cashback on all other spends. Cashback not eligible on select categories such as Fuel, Rental, Govt. Transactions, E-wallets, Insurance, Education, B2B Goods and Services, Jewelry, Charity, Toll fees, Cash Advances, Payment of outstanding balances, payment of card fees and other card charges​ ​ ​ •​ Elevated Airport Lounge Experience: 4 complimentary airport lounge access, one per quarter​ ​ ​ •​ Joining and Renewal Fee: There will be a joining fee of only ₹999 (not applicable to existing customers). There will also be a renewal fee of ₹999, which will be waived upon reaching a spend milestone of ₹200,000 in a year​

​

Please note that these changes will come into effect for your existing credit card from 26-Aug-2023.​

Most used feature are devalued - Fuel, Insurance and Govt Transactions.

 

[shutapdiya]

Most used feature are devalued - Fuel, Insurance and Govt Transactions.

Exactly, even annual free also increased along with waiver criteria

 

[ssrahul96]

is `10% cashback (up to ₹1,000) on categories such as dining, grocery, and food delivery` new benifit?

 

[shutapdiya]

is `10% cashback (up to ₹1,000) on categories such as dining, grocery, and food delivery` new benifit?

Yes it is, but do we really use this card on these spends 😅

 

[shutapdiya]

is `10% cashback (up to ₹1,000) on categories such as dining, grocery, and food delivery` new benifit?

Lounge Access is a new feature too

 

[ssrahul96]

Yes it is, but do we really use this card on these spends 😅

not exactly, but i was looking card for good cashback for offline dining, (where we cannot use swiggy / zomato / Easydiner). adversely, they ve increased the renewal fee and limit, so may not work out

 

[mechanism_chronically]

Lounge Access is a new feature too

Lounge Access is also limted - It used to have international access too

 

[mechanism_chronically]

not exactly, but i was looking card for good cashback for offline dining, (where we cannot use swiggy / zomato / Easydiner). adversely, they ve increased the renewal fee and limit, so may not work out

Definately doesn't worth it.

 

[shutapdiya]

Lounge Access is also limted - It used to have international access too

No info yet on which lounges are partners

 

[Abhishek012]

Most used feature are devalued - Fuel, Insurance and Govt Transactions.

Also Excluded - B2B Goods and Services

Means excluded for BharatNXT transactions ?

 

[Strange]

Also Excluded - B2B Goods and Services

Means excluded for BharatNXT transactions ?

BharatNXT MCC comes under utility.

 

[Abhishek012]

BharatNXT MCC comes under utility.

Yes but is there any special MCC code for B2B Goods and Services ?

If not then BharatNxt transaction is excluded.

 

[shutapdiya]

Also Excluded - B2B Goods and Services

Means excluded for BharatNXT transactions ?

No idea bhai, never used this BharatNXT

 

[hemant89]

So one by one each bank is getting on the devaluation train. Banks now understand which categories are most used and are excluding them.

 

[sxchzy]

mo

So one by one each bank is getting on the devaluation train. Banks now understand which categories are most used and are excluding them.

re than that they are reaching saturation due to increasing number of cards

 

[shutapdiya]

So one by one each bank is getting on the devaluation train. Banks now understand which categories are most used and are excluding them.

I Would say most MISUSED Categories 😅

 

[shutapdiya]

mo

re than that they are reaching saturation due to increasing number of cards

This is also possible case

 

[himanshu15]

Is there any update regarding changes in hsbc visa platinum card or just the cashback card?

 

[shutapdiya]

Is there any update regarding changes in hsbc visa platinum card or just the cashback card?

No idea bro