| HSBC Cashback Credit Card Rating |
| Cashback ★★★★ Dining ★★★ Annual Fee ★★★ Travel Benefits ★★ Offers & Discounts ★★★ |
| Overall Rating ★★★ |
The best card for shopaholic millennials, HSBC Cashback Credit Card offers unlimited cashback to its users on popular spending categories. A bouquet of standout introductory offers and ongoing deals across multiple brands make this card the best addition to your wallet.
Though HSBC Cashback Credit Card packs numerous valuable benefits, you must compare it with similar credit cards in the market to see if it offers the maximum value back for your favourite purchases.
Welcome Offers from Swiggy and Amazon
HSBC has been very generous in offering introductory deals on their cashback credit card. The offer period is from 1st January, 2021 to 30th June, 2021.
The following offers can be availed:
| Offer Available On | Offer Details | Maximum Discount | Validity |
| Swiggy | 20% discount on orders above Rs. 400 | Up to Rs. 100 per user per month | 30th Sept 2021 |
| Amazon | 5% discount on orders above Rs. 1,000 | Rs. 250 per card per month | 30th Sept 2021 |
Unlimited Cashback without Maximum Caps
HSBC cashback credit card lets you earn cashback without worrying about reaching a minimum spending level when you don’t really want to. You can avail cashback at all your purchases.
- 1.5% cashback on online spending*
- 1% cashback on all other purchases
*Cashback is not offered on loading online wallets like Paytm, Airtel Money, Mobikwik and others.
Cashback can also be availed if you use the Instant EMI facility at selected merchants.
The cashback will be credited to your credit card account within 45 days of your statement date. This means all the cashback you have earned during a billing cycle will be accumulated and credited to your account within 45 days of the billing date.
HSBC Cashback Credit Card Comparison with Other Cashback Cards
| Credit Card | Annual Fee | Best Suited For | Key Feature |
| HSBC Cashback Credit Card | Rs. 750 | Online Shopping | 5% cashback on all online spends* |
| Citi Cashback Credit Card | Rs. 500 | Movies and Utilities | 5% cashback on movie tickets, telephone and other utility bill payments |
| Axis Bank ACE Credit Card | Rs. 499 | Utilities and Food Orders | 5% cashback on bill pay and recharge via Google Pay |
| Flipkart Axis Bank Credit Card | Rs. 500 | Co-branded Benefits | 5% cashback on Flipkart, Myntra and 2GUD |
| HDFC Millennia Credit Card | Rs. 1,000 | Overall Cashback Benefit | 5% cashback on Amazon and Flipkart; 1% cashback on offline spends and wallet reloads |
| Standard Chartered Manhattan Platinum Credit Card | Rs. 999 | Supermarket Spends | 5% cashback when shopping at supermarkets |
| Standard Chartered Super Value Titanium Credit Card | Rs. 250 | Fuel and Utilities | 5% cashback on fuel, phone and utility bills* |
| Paytm SBI Select Credit Card | Rs. 1,499 | Travel and Shopping | 5% cashback on Paytm Mall, Movies and Travel |
| Kotak Delight Platinum Credit Card | Rs. 299 | Dining and Movies | 10% cashback on dining and movies* |
*Terms and Conditions Apply.
Other Ongoing Offers on HSBC Cashback Credit Card
You can also enjoy some ongoing offers on HSBC Cashback Credit Cards. These offers are also available on other cards by the bank. Some of the popular offers are:
Bigbasket Offer
| Offer Details | Minimum Transaction Value | Validity |
| Flat discount of Rs. 125 Promocode: HSBCAPR1 | Rs. 2,500 | 30th April, 2021 |
Tata CLiQ Thursday Offer
On making a purchase on Tata CLiQ using your HSBC Credit Cards on Thursdays, you can avail up to 10% instant discount. The details are given below:
| Offer Category | Offer Details | Validity |
| Lifestyle | Get 10% discount up to Rs. 300 on minimum transaction value of Rs. 1,000 Promocode: HSBCSTYLE | 24th June, 2021 |
| Electronic, TV and Appliances | Get 10% discount up to Rs. 1,500 on a minimum transaction value of Rs. 3,000. Promocode: HSBCTECH | 24th June, 2021 |
| Tata CLiQ Luxury Products | Get 10% discount up to Rs. 1,500 on a minimum transaction value of Rs. 5,000. Promocode: HSBCLUX | 24th June, 2021 |
This offer can also be availed on EMI transactions when the minimum purchase value is Rs. 5,000.
BookMyShow Offer
HSBC credit card users can enjoy Buy-One-Get-One Offer on movie tickets booked through BookMyShow, but only for Saturday shows. Important details about this offer are:
- The maximum price of the free ticket is Rs. 250
- This Offer is applicable on tickets for a show on any day of the week, however needs to be booked on a Saturday only
- You can avail it only once per month
- Offer valid till 26th June 2021
Cleartrip Friday Offer
You can save more on your next travel booking made through HSBC credit card. The booking must be made on a Friday. Offer details are given below:
| Offer Category | Offer Details | Validity |
| Domestic Round Trip Flight Ticket | Get an instant saving of Rs. 1,200 on a minimum transaction value of Rs. 5,000. Promocode: CTHSBCFRIDAY | 25th June, 2021 |
| Domestic One-way Flight Ticket | Get an instant saving of Rs. 400 on a minimum transaction value of Rs. 2,500. Promocode: CTHSBCFRIDAY | 25th June, 2021 |
| Domestic Hotel | Get an instant saving of Rs. 1,200 on a minimum transaction value of Rs. 4,000. Promocode: CTHSBCFRIDAY | 25th June, 2021 |
HSBC Cashback Credit Card Vs. Citi Cashback Credit Card
There are other credit cards in the Indian market that offer good cashback. One such card is the Citi Cashback Credit Card. Here’s a comparative analysis between the two to help you decide which cashback credit card to choose.
| HSBC Cashback Credit Card | Citi Cashback Credit Card |
| Cashback Rate 1.5% cashback on online shopping 1% cashback across all other categories | Cashback Rate 5% cashback on movies and utility bill payment 0.5% cashback on all other spends |
| Annual Fee Rs. 750 (waived off on spending Rs. 3 Lakh) | Annual Fee Rs. 500 |
| Welcome Gift Cleartrip voucher worth Rs. 2,000 and Swiggy voucher worth Rs. 250* | Welcome Gift None |
| Introductory Deals 5% Discount on Amazon and 20% discount on Swiggy* | Introductory Deals None |
| Interest Rate (APR) on Revolving Credit 39.6% | Interest Rate (APR) 37.20% to 42.00%* |
*Terms and Conditions Apply
Why You Should Get this Card?
You should get this card if:
You are a Big Spender
Since this card offers unlimited cashback on all kinds of spends, it is best suited for those who put most of their expenses on credit cards. So, if you are looking for a credit card just for the purpose of improving your credit utilization ratio or for keeping extra credit limit for an emergency, this card may not be the right choice as it also attracts an annual fee of Rs. 750.
You love Online Shopping
If you like to shop online often, you should get this card as it will earn you 1.5% cashback. The bigger spending you make, the more cashback you will get. Needless to say, you should compare the ongoing offers before shopping online to get the best deal.
Bottom Line
HSBC Cashback Credit Card offers unlimited 1.5% cashback on online purchases and 1% cashback on all other purchases. Hence, the bigger your spending, the bigger cashback you can fetch. This works very well for those who like to shop online but do not want to be limited to a particular website. Since the card rewards you for ‘online’ expenses, it covers almost all the popular categories such as travel, food, shopping, lifestyle, etc. as long as you pay for them online. 1% flat cashback on offline expenses is also a good deal but not a great one as other cards like Axis Ace and Flipkart Axis which give you better rates at lower annual fee.
4 Comments. Leave new
I need a all time use credit card for daily use like petrol, groceries , shoppings and medical bills.
I want a zero maintenance card.
Please recommend
Hi Basharat,
There are only a few zero annual fee cards in the market and you may not find all-round benefits on them. However, there are cards that charge annual fee but the value of their benefits surpass the fee by a wide margin. Such a card could also be a good option for you. Here are a few zero fee and low-fee cards you can consider.
1. Amazon Pay ICICI Credit Card (Annual Fee: Nil)
2. SBI SimplyCLICK/SimplySAVE Credit Card (Annual Fee: Rs. 499)
3. HDFC IndianOil Credit Card (Annual Fee: Rs. 500)
4. HSBC Cashback Credit Card (Annual Fee: 750)
5. Standard Chartered Super Value Titanium Credit Card(Annual Fee: Rs. 750)
hi Rupanshi
I have early spends of above 25 lakhs of which about 5 to 8 lakhs are domestic spends like insurance and above 18 lakhs in international sites charging in Euros for various fees.Right now I have SBI Elite and HDFC Regalia both with Foreign currency FCY mark up of 2%.I am looking for cards with maximum cash back towards outstanding card payment (1st preference) then followed by those with air miles or good reward points redemption like HDFC Infinia. The card must be with Zero or upto 2% FCY. I would like to upgrade Regalia plus global value program as above 8L spends there are no bonus reward points .SBI Elite has bonus till 8 Lakhs and annual fee waiver after 10 L spends.
Please advise a better option or combination for me including Forex cards & credit cards.
I have short listed HDFC Insignia / DCB (2% FCY) , Axis reserve (1.5% FCY) , RBL World Safari (0% FCY)
I checked with banks for Axis Burgundy Privilege & SC Ultimate but said its difficult to get.(I have SC Manhatten too but not using it much and Axis Burgundy debit card)
Hi Sandeep,
HDFC Diners Club Black would be a better card for you as it meets two of your requirements- low forex mark-up and air miles/rewards (1 Reward = 1 Airmile). Moreover, the finance charges are also comparatively low at 1.99%. Also, since you spend over Rs. 18 Lakh in foreign currency, you should get RBL World Safari Card as well. The savings on Forex mark-up fee will be significant. A combination of these two cards should meet most of your needs.
We would like to understand more about your cashback requirement in order to suggest a card in this category.