Here are some of the key highlights of our revised HSBC Cashback Credit Card offering: | ||||||||||
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Please note that these changes will come into effect for your existing credit card from 26-Aug-2023. | ||||||||||
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One More Devaluation: This time HSBC Cashback Card
- Thread starter shutapdiya
- Start date
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- Tags
- hsbc hsbc cashback card
Bhanu Agarwal
TF Premier
In my case
Once they told we were unable to track then told card rejected. But actual reason is 1st one only. HSBC has worst way to apply for 2nd card.
Wait for 25 working days then only do complaint.
helloworld
TF Legend
1. Can't say, try with customer support once. AFAIK, its separate card but not sure about upgrade, never tried - maybe possible, ask them flip the card.
2. As long as MCC of these places matches with one of the eligible mccs then you'll get 10%.
HSBC Cashback Changes w.e.f 01-Sep-23
Related posts: https://www.technofino.in/community/threads/one-more-devaluation-this-time-hsbc-cashback-card.15623/ Summary: Benefit/Feature Earlier Values New Changes Annual Fee 750+18% GST 999+18% GST Fee Waiver 1L 2L Online Spends 1.5% 1.5% Offline Spends 1% 1.5% Grocery MCC...
www.technofino.in
Note: MCC depends on Place, POS machine, category code tagged to that POS machine.
Ex: DMart in Mumbai may have mcc of grocery but DMart in Hyderabad may have mcc as departmental stores. Also, DMart in Delhi on counter 3 has MCC of Grocery, counter 2 has mcc of departmental store - unfortunately, same rules applies to Ratnadeep. Maybe location at ABC, counter Y has POS machine tagged as fuel and can also charge fuel surcharge without cashback. Anything possible.
Go to desired location, do a test transaction like 500. wait till it posted to account (2 or 3 days), call customer support and ask for mcc code. If that category falls under 'grocery', go to same location and preferably same counter (hopefully they didn't swapped that POS machine), purchase as you like.
Also, note: whatever the mcc code they received, they'll give cashback based on that. HSBC not responsible for incorrect report.
Happy shopping!
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krishc
TF Ace
I have salary account there and asked branch staff about upgrade/flip to cashback - they said not possible, have to take separate card.
Although cannot vouch for honesty of bank staff as we all know.
wapenshaw
TF Select
ok thanks I will check with customer care and update tomorrow or day after
Bhanu Agarwal
TF Premier
I got the cashback but seeing Rs.54 difference between what they have credited & my calculations.
helloworld
TF Legend
paste the transaction amounts, will check for difference. never faced that issue. might be you considered 10% but they treated 1.5%, its all depends on mcc.
Bhanu Agarwal
TF Premier
One doubt:
Are they giving discount only in multiples of 100 ???
Let say if someone do transaction of Rs.190 then only Rs.10 will be for cashback & not Rs.19
I am not seeing any such thing in docs but if someone knows that will be helpful...
Are they giving discount only in multiples of 100 ???
Let say if someone do transaction of Rs.190 then only Rs.10 will be for cashback & not Rs.19
I am not seeing any such thing in docs but if someone knows that will be helpful...
helloworld
TF Legend
Before answering to that question, curious to know which bank do like that? like giving in multiples of cashback.
afaik, no bank doing that but wants to know why you got that question?
its 19rs, btw.
krishc
TF Ace
seeing the difference it seems probably some transaction with amount close to 650 in value
Bhanu Agarwal
TF Premier
AU bank used too. Depends on bank to bank.
Few oil cards used to do (not saying about rewards).
HDFC tata neu used to do.
Rupay cards on upi used to do.
I am using credit cards from last 8 years. Holds 25 cards with & without charges.
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helloworld
TF Legend
To clear things:
Cashback cards: Its either round up or round down based on eligible minimum amount.
Ex: TataNue - Eligible amount = 35Rs. - Earn 1.5% or 5% depends on categories.
And calculation:
Ex: 195Rs. * 1.5% = 2.9 = 2Rs.
Ace:
Ex: 195Rs. * 2% = 3.9 = 4Rs.
So, its always 1Rs. up or down only never in multiples of 10 or 100. AFAIK, its like that for AU, TataNue, Axis CB cards.
And so far I have never seen a bank which provides cb in multiples of 10rs. or like that, its max. 1 or 2rs. based on roundup/down calculation. Again to my limited knowledge, maybe I missed some cards - so just that question.
krishc
TF Ace
i
if it's the case like getting 1.5% instead of 10%, as you suggested, the calculation comes to that for 54 less cashbackhow did you get this number?
clubbed like all other cards
Hisoka
TF Ace
Is Cashback calculated on calendar month or billing cycle? I’ve spend 10k on food and grocery this month but my statement already got generated on 15 December. So when does this 1k limit get reset?
Same question for other Cashback cards like SBI CB, Airtel Axis and HDFC Swiggy. I think it must be billing cycle right?
Same question for other Cashback cards like SBI CB, Airtel Axis and HDFC Swiggy. I think it must be billing cycle right?
