**Disclaimer: HSBC is not a Finserv MARKETS partner. Offers would be from partner Banks/NBFCs only.
While a standard credit card allows you to make online purchases on a credit i.e. with payment obligations saved for later, things are slightly different when an HSBC cashback credit card is used. This credit card offers a lot more than what meets the eye and even allows you to get significant cashback on online purchases, in addition to the existing credit card deals.
In the subsequent sections, we shall discuss the nooks and crannies of the HSBC cash back credit card, whilst exploring the diverse aspects of the same.
Before we discuss the perks at length, it is necessary to note that you can procure unlimited cashback with this handy financial tool. Apart from that, you can also explore an entire sea of financial possibilities with this credit card, including:
Complimentary lounge access.
Welcome voucher worth ₹250 from Swiggy.
Meal vouchers at airport restaurants.
A minimum cashback of 1.5 per cent on every online transaction.
No capping on the cashback amount.
Cashbacks can also be procured on select EMI transactions.
Milestone benefit where ₹750 i.e. the annual card fee, is waived if you spend more than ₹1 lakh, on a yearly basis.
Maximum card insurance of ₹3 lakhs, and more.
Also, if you are a devout online shopper, the ₹250 vouchers from Amazon can be quite a handful.
Before you consider applying and enjoying the diverse HSBC cashback credit card benefits, it is important to analyse and ascertain the HSBC cashback credit card annual fee and other charges that might get tagged along. Firstly, there is a standard annual fee, charged at ₹750. However, the same can be waived off if the user spends over ₹1 lakh.
But then, as per any HSBC cashback credit card review, you see online, the financial institution doesn’t levy any kind of joining fee from the user. Plus, once you make the payment, you get to repay the sum within 45 days, after which a revolving interest rate of 3.33 per cent is levied each month on the pending sum. Plus, if you ever want to replace the credit card, the charge for the same is ₹100.
HSBC cashback credit card rewards are quite standard and in line with expectations. While we already talked about the 1.5 per cent transactional cash back for online purchases, the credit card doesn’t let you go empty-handed for offline payments and even offers 1 per cent cashback, every time you use the card for making standard, run-of-the-mill payments.
Also, unlike cashback cards offered by other banks, HSBC cashback credit card doesn’t restrict cashback accumulation and offers unlimited cashback support, regardless of the transactions you make.
The HSBC Bank Cashback credit card limit is decided by the bank based on several factors, such as credit history, credit score, etc. Once you submit your credit card application, the bank would verify your data and assign a suitable card limit. The same would be communicated to you when assigning the requested card.
Considering the fact that you are already convinced by the diverse perks offered by this cashback credit card, you might even want to apply. However, before putting forth an application, you must fulfil the eligibility criteria, which require you to be an Indian citizen. As far as the age goes, you must fall between 18 years to 70 years. Also, if you consider adding an applicant, the individual must be at least 15 years old. Plus, you must have a decent credit score and credit profile to further strengthen the chances of getting approved.
Now that you are ready to apply, you must note that you can only place an application by heading over to HSBC’s official website. As the card and the requisite application support aren’t available at the Finserv MARKETS, you are better off heading over to the official website of the bank and applying, as directed over there.
However, to make the HSBC credit card application a seamless process, you must keep address, identity, and income proof handy, which might include but aren’t limited to Aadhaar card, ration card, passport, salary slips, Form 16, and even IT returns.
If you want to make your HSBC credit card bill payment online, you can do so easily through your net banking account or mobile banking app. You can also pay your HSBC credit card bill through National Electronic Fund Transfer (NEFT), UPI, or PayU payment service. If you have a Visa credit card, you can make the HSBC credit card payment through Visa Money Transfer. Alternatively, you can use the HSBC BillDesk Portal- http://billdesk.com/hsbccard/, Electronic Clearing System (ECS), or set up standing instructions in your bank account.
Offline, you can clear your credit card dues through cheque, cash, PhoneBanking, or by using your debit card at an ATM.
You might want to connect to customer care for checking the status of your HSBC cashback credit card or for getting clarification regarding the charges, fees, and the EMIs. However, the process is as simple as it can get as you simply need to call on the HSBC Credit card customer care number, provide the required credentials, and get the problems cleared.
Getting an HSBC cashback credit card is like getting a flexible financial tool in your hand. However, you must first get your credit profile in order to get the same approved, in the first place. Once approved, dispatched, and delivered, you can use it in any way you desire, provided you adhere to the diverse credit card usage rules and guidelines.
HSBC cashback credit card is a handy financial instrument that doesn’t only let you make online transactions but also helps get significant cashback for each payment made.
While HSBC Cash Back credit card comes with several benefits, the most important ones include lounge access, a 15 percent dining discount at select restaurants, and insurance benefits.
Yes, this cashback credit card is free of any joining fee and even the small annual fee can be waived off in case the transactions exceed the given threshold.