HSBC Cashback Credit Card – Cashback, Rewards & Apply Now

HSBC is a financial service organisation which has a long history of offering several financial services for seekers. This organisation has its headquarters situated in London, England. It offers services like insurance, savings accounts, NRI services, credit cards, and others.

HSBC Cashback credit card is a premium card which offers a wide range of services to its customers. It charges a joining fee and an annual fee of INR 999 plus GST charges. The membership fee is charged annually by the cardholders. There are also ways for waving off the annual fee which will be discussed below.

This credit card is best suited for shopping purposes. You can earn cashback offers by shopping with this card. Get cashback of 10 per cent on grocery purchases and dining, and 1.5 per cent on all other spending using the credit card.

HSBC Cashback Credit Card 

• Joining fee: The HSBC cashback credit card charges INR 999, excluding GST charges, as a joining fee.
• Renewal Fee: The renewal fee is charged annually, and it costs you INR 999 plus GST charges.
• Best Suited For: This credit card is best suited for shopping both online and offline.
• Reward Type: In the reward section, you can earn cashback on spending using this credit card.
• Welcome Benefits: The HSBC Cashback credit card offers you an Amazon voucher, which is worth INR 1,000. You can avail of this welcome perk on making a transaction of INR 10,000 in the first 30 days of the card issue.

HSBC Cashback Credit Card Details

• HSBC credit card offers cashback of 10% on spending using this credit card for the purchase of groceries and dining purposes.
• You also get 1.5% of the cashback offer on spending on all other categories through online mediums. For all other retail categories, you can earn 1% cashback.
• Using this HSBC cashback credit card, you can earn 1 get 1 movie ticket on Saturdays. 
• Get up to 15% discount on around 1,000resturants across India through the usage of this cashback credit card by HSBC.
• The cashback amount that you earn gets credited to your HSBC account within 45 days of statement release.
• You also get 4 domestic airport lounge accesses with this credit card in a year.

Advantages and Disadvantages of HSBC Cashback Credit Card

Advantages

• HSBC credit card comes with the welcome benefit of an Amazon voucher worth INR 1,000. Cardholders can avail of this e-voucher after spending INR 10,000 within the first month of card issuance.
• This credit card offers complimentary airport lounge access four times a year in domestic airports.
• You can get cashback on dining, groceries, and movies up to 10%. For online shopping, the percentage of cashback earned is 1.5% and 1% on all other retail categories.
• The cashback credit card by HSBC offers free movie tickets when on pay for only 1 ticket.

Disadvantages

• With an HSBC credit card, you do not get access to international airport lounge access.
• There is no free lounge access for those customers choosing the railways for travel.
• There are no reward points, you can only earn cashback up to 10%.

HSBC Cashback Credit Card Cashback Offer

• As the name suggests, the HSBC cashback credit card comes with a cashback offer of 10% on spending on groceries, departmental stores, and dining.
• For all online purchases, you can avail of 1.5% cash back using the credit card.
• For all sorts of retail spending, you can earn up to 1% cashback for making transactions using the cashback credit card.

HSBC Cashback Credit Card Welcome Benefits

• HSBC cashback credit card comes with the welcome perk of offering a cardholder an e-voucher gift card from Amazon for online shopping. You can avail of this perk on spending INR 10,000 during the first month of card issuance. The e-voucher gift card is worth INR 1,000.

HSBC Cashback Credit Card Travel Benefits

• HSBC cashback credit cards, offered by one of the world’s largest financial institutions, provide four complimentary domestic airport lounge access per year. However, there is no access provided for international trips to its customers.
• For travel purposes, you can get insurance coverage up to INR 3 lakhs on losing the credit card or any misuse of the card through unatuhrized access.

HSBC Cashback Credit Card Offer on Dining & Movie Benefit

• In terms of dining and movie benefits, you can earn 30% cashback on using the card under the program EazyDiner for making transactions.
• Also, avail one free movie ticket for free on paying for the other on Saturdays. This means you get 1 free movie ticket using this credit card.

HSBC Cashback Credit Card VS SBI Elite Credit Card

Reward Structure

• HSBC Cashback Credit Card: HSBC cashback credit card does not offer reward points but rather offers you 1% to 10% cashback on various categories of shopping and dining.
• SBI Elite Credit Card: This credit card offers 10 reward points on spending INR 100 on groceries, dining, movies, hotel bookings, and other categories.

Reward Rate With Partners

• HSBC Cashback Credit Card: The HSBC cashback credit card does not offer additional cashback on partnered restaurants. However, you can get around 15% cashback on dining in 1,000 restaurants around the nation.
• SBI Elite Credit Card: You can get additional reward points with partnered restaurants and brands like Yatra, Bata, Pantaloons, and others.

Joining Fees

• HSBC Cashback Credit Card: HSBC cashback credit card charges you INR 999 plus GST charges as a joining fee.
• SBI Elite Credit Card: The joining fee of the SBI Elite credit card is INR 2,999 plus GST charges.

Cashback Max Cap

• HSBC Cashback Credit Card: This credit card has a maximum cap of earning 10% cashback on dining, shopping, and movie tickets. And a maximum cap of 1% on spending for retail purchases.
• SBI Elite Credit Card: You can earn a maximum of 5X reward points on spending every INR 100 on all categories.

Additional Benefits

• HSBC Cashback Credit Card: With an HSBC credit card, you can earn cashback offers for dining and shopping purposes. Along with it, you can earn free airport lounge access four times a year in domestic airports.
• SBI Elite Credit Card: The SBI Elite credit card offers complimentary airport lounge access for both domestic and international airports.

Why Choose the HSBC Cashback Credit Card?

• Welcome Benefits: With the usage of this cashback credit card, you can earn the welcome benefit of getting an e-voucher from Amazon. You need to spend INR 10,000 within the first month of the credit card issue to avail this amazing welcome perk of the gift voucher. This welcome perk offers instant benefits to new credit cardholders, allowing them to enjoy shopping on the e-commerce platform Amazon.
• Benefits of Cashback: With this credit card, you can earn 10% instant cashback on food, groceries, and food delivery charges, up to a maximum of INR 1,000 per cycle. This results in significant savings on daily necessities and eating out. Enjoy unlimited 1.5% cash back on all other transactions, ensuring any rewards are purchased with the card. You may also explore the Axis Bank Rewards Credit Card for a reward-focused alternative.
• Travel Benefits: With this cashback credit card, you can earn four free airport lounge accesses in domestic airports. There is no access offered for international trips to its customers.
• Insurance Benefits: Get insurance for INR. 300,000 as coverage for losing your credit card. You need to get in contact with the financial service provider and inform them of losing the credit card. This needs to be initiated within 24 hours of card loss. Only in such cases can you avail yourself of the protection coverage from the organisation. Also, after reporting the card loss, any transactions made on the card will not be charged by you.
• Food and Movie Benefits: You can purchase two movie tickets and get one for free through BookMyShow on Saturdays. The maximum cashback that can be earned is capped at INR 250 for free tickets. This complimentary offer extends to movie subscriptions every day of the week, providing entertainment savings. Moreover, you can get 30% cashback on using the program EazyDiner for dining purposes using this credit card.
• Annual Fee Waiver Benefit: The HSBC Cashback Credit Card offers an appealing annual fee waiver for active users. If you spend over INR 200,000 in a year using your credit score card, the INR 999 annual membership fee might be waived. This gain lets cardholders enjoy the numerous cashback rewards and other perks of the card without the burden of an annual fee, correctly rewarding common customers and enhancing the overall cost of the credit card.

Who Can Apply for an HSBC Cashback Credit Card?

HSBC follows certain criteria for approving the issue of credit cards. Here’s who is eligible to apply for the HSBC Cashback credit card.

• Age Requirement: Applicants should be between 18 and 65 years of age to qualify for the approval of this credit card. This age range ensures that applicants are legally adults capable of moving into an agreement and are also of working age. Younger individuals would possibly lack sufficient credit score history, while those older than 65 might also face retirement-associated economic uncertainties. This variety balances capacity risks and guarantees dependable repayment capability.
• Credit Score: A true credit rating is critical for mortgage eligibility. This reflects the applicant’s history of handling credit scores responsibly, which includes well-timed payments and low credit score utilisation. An excessive credit score reduces the lender’s risk and indicates the applicant’s creditworthiness. It is a key factor within the approval technique because it demonstrates the borrower’s reliability.
• Nationality: Applicants should be residents of particular towns: Bangalore, Chennai, Gurgaon, Hyderabad, Mumbai, New Delhi, Noida, or Pune. This geographic limit enables the lender to manipulate and reveal the mortgage portfolio more successfully. It ensures that applicants are located in city regions with better employment possibilities. Additionally, it simplifies the verification system and decreases logistical demanding situations.
• Income Requirement: For salaried individuals, a minimal annual income of INR  4,00,000 is required annually. This earnings threshold guarantees that applicants have sufficient monetary balance to manage loan repayments. It suggests a consistent supply of income, lowering the lender’s risk. This criterion additionally allows for assessing the applicant’s capability to fulfil the month-to-month economic duties.

Documentation Required for HSBC Cashback Credit Card Approval

• Identity/Address Proof: Applicants are required to put up proof of identity, which includes an Aadhaar card or Voter card. These files are important for verifying the applicant’s non-public information and home address. They assist the bank to make certain of the applicant’s authenticity and save you from identity theft. Providing correct identity and address proof is essential for regulatory compliance and purchaser verification.
• PAN Card/Form 60: A PAN card is mandatory for tax identification and economic transactions. In instances where the applicant does not now have a PAN card, Form 60 can be submitted as an alternative. This documentation allows the financial institution to track the applicant’s credit history and financial status. Ensuring that a PAN card or Form 60 is furnished allows for preserving tax compliance and aids in correct economic reporting.
• Copy of Existing Credit Card: If the applicant already holds a credit card, a copy of the front of this card needs to be submitted. This allows the bank to review the applicant’s present-day credit relationships and price history. It presents additional perception into the applicant’s credit score management practices. Having this data can expedite the approval method by way of demonstrating responsible credit utilisation.
• Salary Slips and Bank Statements: Salaried candidates ought to put up their latest salary slips together with a copy of their financial institution statements for the past 3 months. Salary slips verify the applicant’s earnings stage and employment reputation, whilst financial institution statements provide a complete view of their financial transactions and balance. This documentation allows the bank to investigate the applicant’s capacity to repay the credit card dues. Submitting these files is important for proving financial reliability and making sure the applicant meets the profit requirements.

Application Process for HSBC Cashback Credit Card

Online Application

• Visit the Card Insider Website: Go to the Card Insider website online, where HSBC credit score playing cards are indexed.
• Click “Apply Now”: Find the HSBC credit card you’re interested in and click on the “Apply Now” button on your display screen.
• Complete the Online Form: Fill out the specified details within the online form.
• Submit the Form: After filling out all of the vital facts, submit the form for processing.

Phone Banking Application

• Call HSBC Phone Banking: Dial the HSBC telephone banking variety provided at the HSBC or Card Insider internet site.
• Provide Necessary Details: Speak to a customer support representative and offer the required non-public and financial records.
• Follow Instructions: Follow the instructions given by the consultant to finish your software program.
• Await Confirmation: Wait for an affirmation name or message from HSBC regarding the recognition of your software program.

In-Branch Application

• Gather Required Documents: Collect all critical documents, together with identity/address proof (Aadhaar card, Voter card, and lots of others), PAN card/Form 60, a copy of your current credit rating card (if any), revenue slips, and financial institution statements.
• Visit the Nearest HSBC Branch: Go to your nearest HSBC department with the amassed files.
• Meet with a Representative: Speak to a monetary institution representative and specify your requirements in applying for an HSBC credit score scorecard.
• Submit Application: Fill out the utility form provided with the useful resource of the representative and submit it together with your documents for processing.

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