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HSBC Cashback Credit Card: Decent Card for Food & Dining Spends

Home HSBC Bank HSBC Cashback Credit Card: Decent Card for Food & Dining Spends

HSBC Cashback Credit Card offers 10% cashback on day-to-day spends, such as groceries, food delivery, dining, and more. Besides this, users can earn unlimited 1.5% cashback on other spends as well. Being an entry-level credit card, it offers decent benefits, such as complimentary lounge access, welcome benefits worth the joining fee, and more. Read on to know more about the features and benefits of HSBC Cashback Credit Card.

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Updated: 16-07-2024 05:59:04 AM

LATEST UPDATE:

HSBC Cashback credit card has been rebranded to HSBC Live+ Credit Card. Click here to know what the Live+ Credit Card has to offer.

HSBC Cashback Credit Card Rating
Cashback Benefits ★★★ (3.5/5)
Milestone Benefits ★★★(3/5)
Lounge Access ★★★(3/5)
Overall Rating ★★★ (3.5/5)

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HSBC Cashback Credit Card lets you save on almost all your basic spends and is a good choice for an average spender. With 10% cashback of up to Rs. 1,000 per month on food-related spends which include groceries, dining and food delivery, and 1.5% uncapped cashback on other spends, the users can save a substantial amount using this credit card. Apart from cashback benefits, this card comes with a spend-based welcome bonus and domestic lounge benefits. So, those looking for a credit card with diverse benefits across categories may have to look for other options. But if you want to simply save on your daily spends and prefer direct cashback, instead of brand discounts or reward points, then this card can prove to be quite useful.

On this page:
Features and Benefits of HSBC Cashback Credit Card
Should You Get HSBC Cashback Credit Card?
Other Similar Cards to HSBC Cashback Credit Card
HSBC Cashback Credit Card Fees and Charges
Eligibility Criteria & Documentation for HSBC Cashback Credit Card
FAQs

Features and Benefits of HSBC Cashback Credit Card

Welcome Bonus worth Rs. 1,000

HSBC Cashback credit card comes with a welcome benefits offer in the form of Amazon gift voucher worth Rs. 1,000. The cardholders can avail this benefit on spending Rs. 10,000 or more using their HSBC card within the first 30 days of its issuance.

Eligible Users: Both primary as well as add-on card users are individually eligible for this welcome bonus based on their respective card spends. So, each card member can avail this voucher separately.

Eligible Transactions: Sales transactions, including but not limited to online and offline purchases, bill payments, insurance, telephone and mail orders, etc. are all eligible to be considered towards satisfying the spending requirement for the Amazon welcome voucher.

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Up to 10% Cashback Benefits

  • 10% Cashback: Up to Rs. 1,000 per month, on dining, grocery and food delivery spends, except funds transfer to online wallets or similar merchant categories
  • 1.5% Cashback: Unlimited, on all other spends

Spending Categories Excluded from Cashback Earning:

E-wallets, fuel-related, property management fees, rental payments & commissions, select business to business transactions, insurance, select education & government-related transactions, security broker services, jewellery & antique items, collection agencies, tolls & bridge fees, financial & non-financial institutions, money transfers, charity and wholesale clubs.

Up to 4 complimentary lounge visits

HSBC Cashback credit card users can avail 4 complimentary visits, 1 visit in every calendar quarter, to domestic airport lounges in a year.

Annual Fee Reversal

HSBC offers annual fee reversal to Cashback credit card users if their credit card spends amount to at least Rs. 2 lakh in a year.

Should You Get HSBC Cashback Credit Card?

HSBC Cashback Credit Card is best suited for those who spend substantially on food-related categories and are looking to save in the form of cashback on all their spends. With accelerated cashback rate on food-related spends and flat 1.5% cashback rate on others, this card offers hassle-free savings to its users. It also comes with a welcome voucher, but is applicable only if you meet the spending condition. The complimentary domestic lounge access makes domestic air travel more convenient. However, if you are looking for more extensive travel or any other category-specific benefits, then this card may not be the best choice for you.

Opt for this card if:

  • You spend considerably on dining, groceries and food delivery
  • You prefer cashback as your mode of savings, instead of reward points
  • You make most of your spends domestically, instead of international transactions
  • You are not looking for accelerated benefits on specific brands or categories, like travel, utility bills, online/offline shopping, etc.
  • You are an average spender and can avail the fee reversal

Look for other card options if:

  • You want to earn rewards on your spends and access rewards catalogue
  • You are a frequent traveller and are looking for more travel-related benefits
  • You want a card with co-branded benefits on select brands from which you shop regularly
  • You want premium lifestyle benefits and do not mind paying a higher annual fee for them

Other Similar Cards to HSBC Cashback Credit Card

Credit Card Annual Fee Key Feature
Swiggy HDFC Bank Credit Card Rs. 500 10% cashback on select Swiggy spends; 5% back on select online spends; 1% back on others
Flipkart Axis Bank Credit Card Rs. 500 5% cashback on Flipkart; 4% back on Swiggy, Cleartrip, Cure.fit, PVR, Uber; 1.5% back on others
Amazon Pay ICICI Credit Card Nil 5% cashback on Amazon for Prime members; 3% back on Amazon for non-Prime members; 2% cashback on flights, recharge, bills, gift card & Amazon Pay partners: 1% back on others
Axis Bank ACE Credit Card Rs. 400 5% cashback on utility bills, DTH & mobile recharges via Google Pay; 4% back on Swiggy, Zomato & Ola; 2% back on others
HDFC Millennia Credit Card Rs. 1,000 5% cashback on popular everyday brands; 1% back on others
Myntra Kotak Credit Card Rs. 500 Up to 7.5% off on Myntra; 5% cashback on Swiggy, Swiggy Instamart, PVR, Cleartrip & Urban Company; 1.25% back on others

HSBC Cashback Credit Card Fees and Charges

The fees and charges applicable to HSBC Cashback Credit Card are mentioned in the table below:

Fees & Charges Details
Joining Fee Rs. 999
Annual Fee Rs. 999 (Waived off on reaching Rs. 2 lakh annual spends)
Balance Transfer Charges

Interest Rate: 10.99% to 15.99% p.a.

Processing Fee: 1.5%, with min. Rs. 200
Finance charges 3.49% per month (41.88% per annum)
Overlimit fee Rs. 500 per month
Late payment fee 100% of the minimum payment due (subject to a min. of Rs. 250 & max. Rs. 1,200 per month)
Forex Charges 3.5%

Click here for detailed HSBC Cashback Credit Card fees and charges.

Eligibility Criteria & Documentation for HSBC Cashback Credit Card

Eligibility Criteria Details
Nationality Indian resident
Age 18 to 65 years
Annual Income Rs. 4 lakh or more for salaried individuals
Residence Any of theses cities: New Delhi, Bangalore, Gurgaon, Chennai, Hyderabad, Mumbai, Noida, Pune
Documents Required
  • Latest salary slip & 3 months bank statement, if salaried employee
  • Copy of the front of your credit card & latest credit card statement (if any)
  • Identity & residence proof
  • PAN card/Form 60

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 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. 999 which will be waived if the user spends Rs. 2 lakh in the previous year.

What is the foreign currency markup fee on HSBC Cashback credit card?
The markup fee is 3.50% of the amount transacted.

How can one track HSBC Cashback credit card once it has been dispatched by the bank?
Customers can track their credit card after the bank has dispatched it 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
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