HSBC Cashback Credit Card Review: Unlimited Cashback on All Your Spends

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 favorite purchases.

Also read: Top Credit Cards in India

Welcome Offers 

HSBC has been very generous in offering introductory deals on their cashback credit card. The offer period is from 1st July to 30th September 2022.

The following offers can be availed:

• Amazon vouchers (worth Rs.500)
• Swiggy voucher (worth Rs.500)
• SonyLiv 12-month membership
• Myntra vouchers INR300 x 5 (worth Rs.1,500)
• Ajio vouchers Rs. 600 x 5 (worth Rs. 3,000)
• Get an Amazon voucher worth Rs. 250 on completing the online credit card application and Video KYC
• 3 complimentary airport lounge access at domestic and international lounges or 3 meal-vouchers

Note: Welcome privileges can be availed on a single transaction of a minimum of Rs.1,000 within 30 days of card issuance.

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 for all your purchases.

• 1.5% cashback on online spending*
• 1% cashback on all other purchases

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.

Other Benefits

• Annual Fee waived off 2nd year onwards if the total annual spends is 1 lakh and above
• Up to a 15% discount at over 1,000 restaurants across major cities
• 5% discount on spending Rs.1,000 or above (Maximum discount of Rs.250 per card per month, no restriction on number of transactions)
• Contactless payments  can be done via VISA Paywave technology

HSBC Cashback Credit Card Comparison with Other Cashback Cards

*Terms and Conditions Apply.

Suggested read: 25 Best Credit Cards in India

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

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:

^*on select products available on Tata CliQ Luxury website and mobile app.
This offer can also be availed on EMI transactions when the minimum purchase value is Rs. 5,000.

Zomato Offer

HSBC credit card users can get flat Rs. 100 off on select restaurants via Zomato website and Zomato app on select restaurants. Important details about this offer are:

• The minimum order value should be Rs. 549 & above
• This offer is valid twice per user per month during the offer period
• You can avail it by using promocode:  HSBCDELIGHTS
• Offer valid till 30th June 2022

Cleartrip Friday Offer

You can save more on your next travel booking made through an HSBC credit card. The booking must be made on a Friday. Offer details are given below:

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.

*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.