For the average spender, the HSBC Cashback Credit Card can save you money on virtually all your basic expenses. This credit card can help consumers save a substantial amount of money by offering unlimited cashback of 1.5% on other purchases and 10% cashback up to Rs 1,000 per month on food-related expenses like groceries, eating out, meal delivery etc. The card also includes domestic lounge benefits, welcome bonus and cashback based on spending.
So those looking for a credit card with a variety of rewards across a range of categories may need to look elsewhere, but this card is useful for those looking to save money on everyday purchases and who want direct cash back rather than brand discounts or reward points.
HSBC Cashback Credit Card
Rewards
1.5% cash back on online spend, 1% cash back on all other spend
Rewards
1.5% cash back on online spend, 1% cash back on all other spend
Pros and Cons
- Competitive cash back rates on dining, groceries and other transactions allow cardholders to realize significant savings.
- Anyone who meets the initial spending threshold will receive a generous welcome gift in the form of an Amazon voucher.
- Access to domestic airport lounges enhances the cardholder experience.
- We provide fast replacement of lost or stolen cards and comprehensive protection against fraudulent transactions.
- If you meet the annual qualifying spending level, you have the opportunity to waive your annual fee.
- The eligibility criteria for Indian residents is very straightforward, making it accessible to a wider audience.
- Cashback rewards are capped, so big spenders may not see as much benefit overall.
- Putting an annual cap on free lounge visits could restrict frequent travelers.
- Only residents of a select few cities are eligible, and applications from other areas may not be accepted.
Major features
The HSBC Cashback Credit Card offers a range of attractive features and rewards to cardholders.
● Earn 10% accelerated cashback on your dining, food delivery and grocery spends, up to a maximum of INR 1,000 per billing cycle.
● Enjoy 1.5% Unlimited Cash Back on all other purchases.
● You will get a welcome bonus of Amazon vouchers worth INR 1,000 if you spend INR 10,000 within 30 days of issuing the card.
● Complimentary access to domestic lounges up to four times per year and once per quarter.
● You will receive a replacement card within 3 days of reporting your card lost or stolen. Fraudulent use compensation is limited to INR 300,000.
● The card has a joining fee of INR 999 and an annual fee, which is waived if your total annual spend exceeds INR 200,000.
● To be eligible, you must be between the ages of 18-65 years, have an annual income of at least INR 400,000 (if salaried) and be an Indian resident residing in a designated city.
The HSBC Cashback Credit Card is a practical choice for those looking for a robust cashback experience with a range of rewards across a range of spending categories.
Customer Experience
HSBC has a reputation for offering intuitive online banking services, which will significantly enhance the customer experience with the HSBC Cashback Credit Card. Using the bank’s mobile app and online banking page, cardholders can easily track their spending, see how much cashback they’ve earned and manage their account while on the go.
For example, personal spending habits can be used to customize cash back categories. By selecting categories that receive an accelerated cash back rate, cardholders can maximize rewards in the areas that best suit their lifestyle.
HSBC also generally has great customer service, with support options available via phone, email, and live chat. The bank’s staff are usually knowledgeable and helpful, and will be quick to respond to any questions or concerns you may have.
