| HSBC Cashback Credit Card Rating |
| Cashback ★★★★ Dining ★★★ Annual Fee ★★★ Travel Benefits ★★ Offers & Discounts ★★★ |
| Overall Rating ★★★★ |
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.
Key Highlights of HSBC Cashback Credit Card |
|
| Best Suited for | Cashback |
| Joining Fee | Nil |
| Renewal Fee | Rs. 750 |
| Welcome Benefits | Amazon, Big Basket, Myntra Vouchers, etc. |
| Best Feature | 1.5% cashback on all online spend |
| Paisabazaar’s Rating | ★★★★ (4/5) |
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 October till 30th December 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.2,500 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
| Credit Card | Annual Fee | Best Suited For | Key Feature |
| HSBC Cashback Credit Card | Rs. 750 | Online Shopping | 5% cashback on all online spends* |
| Citi Cashback Credit Card | Rs. 500 | Movies and Utilities | 5% cashback on movie tickets, telephone and other utility bill payments |
| Axis Bank ACE Credit Card | Rs. 499 | Utilities and Food Orders | 5% cashback on bill pay and recharge via Google Pay |
| Flipkart Axis Bank Credit Card | Rs. 500 | Co-branded Benefits | 5% cashback on Flipkart, Myntra and 2GUD |
| HDFC Millennia Credit Card | Rs. 1,000 | Overall Cashback Benefit | 5% cashback on Amazon and Flipkart; 1% cashback on offline spends and wallet reloads |
| Standard Chartered Manhattan Platinum Credit Card | Rs. 999 | Supermarket Spends | 5% cashback when shopping at supermarkets |
| Standard Chartered Super Value Titanium Credit Card | Rs. 250 | Fuel and Utilities | 5% cashback on fuel, phone and utility bills* |
| Paytm SBI Select Credit Card | Rs. 1,499 | Travel and Shopping | 5% cashback on Paytm Mall, Movies and Travel |
| Kotak Delight Platinum Credit Card | Rs. 299 | Dining and Movies | 10% cashback on dining and movies* |
*Terms and Conditions Apply.
Suggested read: 25 Best Credit Cards in India
Exclusive Monthly Offers on HSBC Cashback Credit Card
You can also enjoy some ongoing offers on HSBC Cashback Credit Cards. The bank update these offers every month, hence, you are required to keep a check on the bank’s website timely to maximize your benefits. Here are the exclusive ongoing offers for the current month:
Amazon Offer: 5% discount (Max. Rs. 250) on your Amazon spends of Rs. 1,000 or above. This offer is not valid during Amazon Great Indian Festival Sale period.
Amazon Pay Bill Payment Offer: Flat Rs. 50 off on post-paid utility payment of Rs. 500. This offer can be availed 4 times in a calendar month & you can avail a maximum discount of Rs. 200 in a calendar month.
EazyDiner Offer: 30% instant discount (Up to Rs. 600) every month on a minimum order value of Rs. 1,000.
Blinkit Offer: Flat 10% discount (Up to Rs. 100) on your orders via Blinkit. The maximum discount that can be availed in a month is Rs. 300 across the first 3 eligible transactions in a calendar month. Promo code: HSBC10
PharmEasy Offer: Flat 10% off (Up to Rs. 150) on ordering prescribed medicines along with the complimentary 3 month PharmEasy plus membership.
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.
| HSBC Cashback Credit Card | Citi Cashback Credit Card |
| Cashback Rate 1.5% cashback on online shopping 1% cashback across all other categories |
Cashback Rate 5% cashback on movies and utility bill payment 0.5% cashback on all other spends |
| Annual Fee Rs. 750 |
Annual Fee Rs. 500 |
| Welcome Gift Amazon, Big Basket, Myntra Vouchers, etc. |
Welcome Gift None |
| Introductory Deals 5% Discount on Amazon |
Introductory Deals None |
| Interest Rate (APR) on Revolving Credit 39.6% |
Interest Rate (APR) 37.20% to 42.00%* |
*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.
| HSBC Bank offers top credit cards in different categories, compare best HSBC credits cards online and find the right card for you. |
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.
4 Comments
I need a all time use credit card for daily use like petrol, groceries , shoppings and medical bills.
I want a zero maintenance card.
Please recommend
Hi Basharat,
There are only a few zero annual fee cards in the market and you may not find all-round benefits on them. However, there are cards that charge annual fee but the value of their benefits surpass the fee by a wide margin. Such a card could also be a good option for you. Here are a few zero fee and low-fee cards you can consider.
1. Amazon Pay ICICI Credit Card (Annual Fee: Nil)
2. SBI SimplyCLICK/SimplySAVE Credit Card (Annual Fee: Rs. 499)
3. HDFC IndianOil Credit Card (Annual Fee: Rs. 500)
4. HSBC Cashback Credit Card (Annual Fee: 750)
5. Standard Chartered Super Value Titanium Credit Card(Annual Fee: Rs. 750)
hi Rupanshi
I have early spends of above 25 lakhs of which about 5 to 8 lakhs are domestic spends like insurance and above 18 lakhs in international sites charging in Euros for various fees.Right now I have SBI Elite and HDFC Regalia both with Foreign currency FCY mark up of 2%.I am looking for cards with maximum cash back towards outstanding card payment (1st preference) then followed by those with air miles or good reward points redemption like HDFC Infinia. The card must be with Zero or upto 2% FCY. I would like to upgrade Regalia plus global value program as above 8L spends there are no bonus reward points .SBI Elite has bonus till 8 Lakhs and annual fee waiver after 10 L spends.
Please advise a better option or combination for me including Forex cards & credit cards.
I have short listed HDFC Insignia / DCB (2% FCY) , Axis reserve (1.5% FCY) , RBL World Safari (0% FCY)
I checked with banks for Axis Burgundy Privilege & SC Ultimate but said its difficult to get.(I have SC Manhatten too but not using it much and Axis Burgundy debit card)
Hi Sandeep,
HDFC Diners Club Black would be a better card for you as it meets two of your requirements- low forex mark-up and air miles/rewards (1 Reward = 1 Airmile). Moreover, the finance charges are also comparatively low at 1.99%. Also, since you spend over Rs. 18 Lakh in foreign currency, you should get RBL World Safari Card as well. The savings on Forex mark-up fee will be significant. A combination of these two cards should meet most of your needs.
We would like to understand more about your cashback requirement in order to suggest a card in this category.