HSBC Smart Value Credit Card is suitable for users who want to save money and earn rewards at the same time. The cardholders can also earn reward points, cashback, gift vouchers and so on. Additional details of the card are mentioned below.
Features and Benefits
Reward Points: Users can earn 1 reward point for every Rs. 100 spent. Earn 3 Times Rewards (3X) on all spends on online, dining, and telecom categories (capped at 1,000 incremental Reward Points per month).
- Amazon Offer – Get a voucher worth Rs. 250 on making a single transaction worth Rs. 500 or more. The transaction must be done within 30 days of the card issuance.
- Cashback – The customers can avail of 10% cash back for making a minimum of 5 purchase transactions, totalling Rs. 5,000 or above during the first 60 days of issuance subject to a maximum cashback of Rs. 1,000.
- 3 complimentary airport lounge access at domestic and international lounges or 3 meal-vouchers (For use at airport restaurants in India)
- EMI at Low-Interest Rates – Users can avail attractive interest rate of 10.99% p.a. for EMIs booked within the first 90 days of card activation. This offer is applicable to cash on EMI, balance transfer on EMI and loan on phone.
- The introductory offers are valid from 1st January 2021 to 30th June 2021
Milestone Benefit: Cardholders will be eligible for a BookMyShow voucher of Rs.200, by spending a minimum of Rs.15,000 in a calendar month on his/her HSBC Smart Value Credit Card.
Annual Fee Waiver: The annual fee is waived off if the total spends in a year exceeds Rs. 50,000.
Variable Finance Charges: Dynamic finance charges are applied on this card that is dependent on credit history and repayment behaviour. The charge can range between 1.99% and 2.99% p.m.
Similar Credit Cards by Other Banks
|Credit Card||Annual Fee||Reward Points||Net Savings|
|HSBC Smart Value Credit Card||NIL||Earn 1 reward point for every Rs. 100 spent||Rs. 7,174*|
|HDFC Moneyback||Rs.500||Earn 2X Rewards on online spends||Rs.484*|
|Standard Chartered Platinum Rewards||Rs.250||Earn 5 Reward Points for every Rs.150 spent at partner dining restaurants||Rs.8,510*|
|ICICI Bank Coral Contactless||Rs.500||Earn 2 Payback Points on every Rs.100 spent||Rs.10,636*|
*On lakh annually **On spending Rs.4 lakh annually
Fee and Charges
|Annual Fee||Rs. 499 (reversed on spending Rs. 50,000 in previous year)|
|Finance Charges||Can vary between 1.99% per month (23.88% per annum) to 2.99% per month (35.88% per annum)|
|Add-on Fee (per annum)||Nil|
|Interest-Free Credit Period||Up to 52 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 AmountUp 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
How to Apply for HSBC Smart Value
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 Smart Value 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.
Is there any joining fee for HSBC Smart Value credit card?
No, there is no joining fee for HSBC Smart Value credit card.
When can I avail my cashback benefits?
The cashback benefits can be availed during the 60 days of issuance of the credit card.
What are the identity proofs required to apply for HSBC Smart Value credit card?
The identity proofs required to apply for HSBC Smart Value credit card are :
- Aadhaar Card
- Any one of the following photo cards:
- PAN Card
- Voter ID Card
- Government ID
What is the foreign currency mark-up fee for HSBC Smart value credit card?
The foreign currency mark-up fee for HSBC Smart Value credit card is 3.5%
Other Rewards Credit Card
|Credit Card||Annual Fee||Key Feature||Paisabazaar Rating|
|Citibank® Rewards Credit Card||Rs. 1,000||Earn 1 reward point for every Rs. 125 spent|
Earn 10X reward points on apparel and departmental store spends
|Standard Chartered Platinum Rewards Credit Card||Rs. 250||Earn 5X reward points on dining and fuel spends|
Earn 1 reward point on every spending of Rs. 150 on all the other categories
|Yes Prosperity Rewards Plus Credit Card||Rs. 499||Earn 3 reward points on every Rs. 100 spent on Grocery and Supermarket spends|
Earn 2 reward points are earned per Rs. 100 spent on other categories
|HDFC Bank Diners Club Rewardz Credit Card||Rs.1,000||Earn 1000 Reward Points on successful sign-up|
Earn 3 Reward Point per Rs. 150 spent on retail