One of the best cashback credit cards in India, this card offers unlimited cash back on all your purchases. You can also enjoy complimentary lounge access benefits and discounts across partner brands. Read on to know more about the features of HSBC Cashback Credit Card.
HSBC Cashback Credit Card Features and Benefits
Welcome Benefit: On making a single transaction of Rs. 500 or more at a time within 30 days of card activation, users will get
- Get an Amazon Voucher worth Rs.250
3 complimentary airport lounge access at domestic & international lounges or 3 meal-vouchers (For use at airport restaurants in India)
Introductory offers are valid on HSBC Cashback Credit Card from 1st August 2021 to 31st December 2021.
Cashback Offer: Users earn cashback in the following ways
- 1.5% cashback on all online spending (excluding transfer to online wallets)
- 1% on all other spends
- No maximum cap on cashback
Special Cashback:
- Swiggy- 20% discount on orders above Rs. 400. Offer can be availed once per month | Max. discount is Rs. 100
- Amazon- 5% discount on transactions of Rs. 1,000 or more. Max. Rs. 250 can be availed per month. There are no restrictions on the number of transactions.
Dining Offer: Get discounts up to 15% when dining at partner restaurants in major cities. Click here to see the list of participating restaurants.
Annual Fee Waiver: The annual fee of Rs. 750 is waived if annual spends exceed Rs. 1 Lakh in the preceding year.
Fees and Charges
| Title | Details |
| Annual Fee | Rs. 750 (reversed on spending Rs. 1 Lakh in the previous year) |
| Finance Charges | 3.3% p.m. (39.6% p.a.) computed from the date of transaction |
| Add-on Fee (per annum) | Nil |
| Interest-Free Credit Period | Up to 45 days |
| Minimum Payment Due (MPD) on extended credit usage | 5% of the total payment due to the statement plus greater of past due or over limit due (if any), subject to a minimum of Rs. 100. Interest will be charged on the extended credit as per terms and conditions |
| Duplicate Statement Request | Rs. 100 per statement (beyond last 3 months) |
| Transaction fee for cash advances | 2.5% of transaction amount (subject to a minimum of Rs. 300) |
| Late Payment Charges | Minimum Payment Due amount up to Rs. 500 – Fine of Rs. 400 Between Rs. 500 & Rs. 1,000 – Fine of Rs. 500 Above Rs. 1,000 – Fine of Rs. 750 |
| Over Limit Fee | Rs. 500 per month |
| Foreign Currency Transaction Fee | 3.50% of the amount |
Eligibility and Documentation
| Criteria | Details |
| Occupation | Salaried |
| Minimum Income | Rs. 4 Lakh per annum |
| Serviceable Cities | Click here for the list of eligible cities |
Along with your application form, you should also submit valid proof of identity, address and income. Documents Required for HSBC Credit Card
How to Apply for HSBC Cashback
STEP 1- Click Here to start with your HSBC credit card application online.
STEP 2- Fill the basic requirements like your name, address, date of birth, monthly income etc.
STEP 3- A list of banks offering the suitable credit card options for you will be shown. Filter the results for HSBC Bank credit cards. If you are eligible for the HSBC Cashback Credit Card, it will be shown on the list.
STEP 4- Select the option that suits your financial profile and then you can apply for that credit card. The bank will review your credit card application and then accordingly the application will proceed. Once your application is accepted, you will receive the credit card within a few working days.
For those who wish to apply offline can visit the nearest HSBC Bank branch. Click here to find the nearest HSBC branch.
FAQs
How long does it take to receive this HSBC credit card?
HSBC takes about 3 weeks to process the credit card application. Post-approval, it will take an additional 7 days for the card to reach the customer.
What is the annual fee on HSBC Cashback credit card?
The annual fee on this credit card is Rs. 750 which will be waived if the user spends Rs. 3.00 lakh in the previous year.
What is the foreign currency mark-up fee on HSBC Cashback credit card?
The markup fee is 3.50% of the amount transacted.
How can one track the credit card once it has been dispatched by the bank?
Customers can track their credit card after it has been dispatched by the bank by following the given steps:
- Go to the courier service website, DHL/Blue Dart (Check the SMS to know which courier service is being used)
- Enter your Airway Bill on the portal
- Click on Track to check the delivery status