HSBC Cashback Credit Card Offers and Details

The HSBC Cashback Credit Card is a popular choice for those looking to earn rewards on their daily purchases. This card offers a competitive cashback rate of 3% on all purchases.

HSBC Cashback Credit Card holders can earn a significant amount of cashback, especially when making large purchases. For example, if you spend $1,000 on a single transaction, you'll earn $30 in cashback.

The cashback rewards on this card are uncapped, meaning you can earn as much as you want without any limits. This is a great feature for frequent shoppers or those who like to treat themselves to luxury items.

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The HSBC cashback credit card is a great option for those who want to earn rewards on their daily spending. You can earn up to 3% cash back on all purchases in the first 12 months, up to the first $10,000. After that, you'll earn unlimited 1.5% cash back on all purchases.

The card also offers a variety of benefits, including 5% back on future orders from HelloFresh, $5 off your first 2 orders each month at DoorDash, and $5 Lyft App credit every month after 3 rides. You can also redeem your cash rewards for travel, cash rewards, gift cards, or merchandise.

Here's a breakdown of the cashback rates on the HSBC cashback credit card:

The card also offers a discount of up to 15% on dining at partner restaurants all over the country. You can also get 2 free Airport Lounge Access for domestic and international lounges or 2 meal vouchers worth Rs.400 at restaurants at the airport.

The HSBC Cashback Credit Card has a range of fees and charges that you should be aware of before applying.

You won't be charged any annual fee for the first year, but from the second year onwards, you'll be charged ₹750.

The card replacement fee is ₹100, which is a relatively standard fee for credit card replacements.

Here's a breakdown of the fees and charges associated with the HSBC Cashback Credit Card:

When applying for a credit card, it's essential to understand the fees involved. No Joining and Annual Fees are charged by some credit cards, such as the HSBC Cashback Credit Card.

This can be a significant cost savings, especially for those who are new to credit cards. The lack of joining and annual fees means you won't have to worry about these expenses.

However, it's worth noting that some credit cards may waive these fees after a certain period. For instance, the HSBC Cashback Credit Card waives the second year onwards fee of ₹750 if you spend more than ₹100,000 in the previous year.

This can be a great incentive to use your credit card regularly and make significant purchases. If you're planning to use your credit card frequently, it's worth exploring options like the HSBC Cashback Credit Card.

Here's a summary of the fee details mentioned:

The charges associated with the HSBC Cashback Credit Card are quite straightforward. There's no annual fee for the first year.

You'll be charged ₹750 in the second year onwards. If you need a new card, be prepared to pay ₹100 for the card replacement fee.

If you withdraw cash from an ATM, you'll be charged 2.50% of the advanced amount, with a minimum of ₹300. Don't forget to pay your bills on time, or you'll be slapped with late payment charges of 50% of the minimum due amount, subject to a minimum of ₹400 and a maximum of ₹750.

You can also expect a fee of ₹100 if you make a cash payment at an HSBC branch. If you want to redeem your rewards, there's a fee of ₹50.

Here's a breakdown of the charges:

To apply for an HSBC Cashback Credit Card, follow the steps outlined in the application process. You can start by checking your eligibility, which is essential for a smooth application process.

The application process requires you to follow specific steps, as mentioned in the relevant section. This ensures that you provide all the necessary information and documentation.

Applicants must meet the eligibility criteria to be considered for the HSBC Cashback Credit Card.

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To apply for a credit card, you'll need to follow the steps outlined by the issuer.

The first step is to check if you're eligible for the card, which involves meeting certain criteria such as age and income requirements.

To apply for HSBC Cashback Credit Card, follow the below steps:

You'll need to visit the HSBC website or mobile app to start the application process.

The application process typically takes around 10-15 minutes to complete, depending on how quickly you can provide the required information.

If you're considering applying for the HSBC Cashback Credit Card, there are certain individuals who may find it a good fit. Specifically, those who want to earn cashback on all types of spending, with a focus on dining, food delivery, and groceries.

If you do your grocery shopping online or offline, the HSBC Cashback Credit Card is worth exploring. This is because it offers cashback on grocery purchases, regardless of the platform used.

Travelers who frequently visit domestic destinations may also appreciate the complimentary domestic lounge visits offered by the card. This can be a great perk for those who value comfort and convenience during their trips.

Ultimately, if you prefer a cash back credit card over a reward credit card, the HSBC Cashback Credit Card is a viable option.

The HSBC Cashback Credit Card is a great option for those who spend a lot on food-related categories and want to save money through cashback on all their purchases.

It offers an accelerated cashback rate on food-related expenses, making it a straightforward way to save money.

A flat 1.5% cashback rate is provided on everything else, which is a decent rate for general purchases.

Complimentary access to domestic lounges is also included, convenient for domestic air travel.

However, if you're looking for more extensive travel benefits or benefits specific to other categories, this card may not be the ideal choice for you.

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The HSBC Cashback Credit Card is a great option for those who spend a lot on food-related categories and want to save money through cashback on all their purchases.

It offers an accelerated cashback rate on food-related expenses, making it a straightforward way to save money. This accelerated rate is not specified in the article, but it's mentioned that the card provides a flat 1.5% cashback rate on everything else.

A welcome voucher is included, but it only applies if you meet the spending requirement.

Complimentary access to domestic lounges is also provided, which is convenient for domestic air travel.

This card may not be the ideal choice for those looking for more extensive travel benefits or benefits specific to other categories.

The HSBC Cash Rewards Credit Card has some notable considerations and details to keep in mind. Its rewards structure is impressive, with 3% cash back on all purchases in the first 12 months, up to the first $10,000.

The card's rewards rate drops to 1.5% after the initial 12 months, but that's still a solid earning rate. To put it into perspective, it's around 50% better than average, according to WalletHub's latest Credit Card Landscape Report.

The card also has a few drawbacks, including a balance transfer fee of 4% (min $10) and a regular APR that could be above average. Additionally, the 0% introductory balance transfer APR only lasts for 12 months, which is below the market average of 13 months.

For another approach, see: Credit Union Balance Transfer Cards

The HSBC Cashback Credit Card offers 1.5% cashback on all online spends, excluding transfer of funds to online wallet, and 1% on other transactions.

You can get a ₹500 Amazon voucher as a welcome offer, which is a great way to start earning rewards.

The card also provides 20% off on Swiggy orders above ₹400, with a maximum discount of ₹100 per month, valid once per month.

For frequent Amazon shoppers, there's a 5% discount on spends of ₹1,000 or above, with a maximum discount of ₹250 per month.

Additionally, you can enjoy buy-one-get-one-free movie tickets on Saturdays, up to ₹250.

One of the standout features of this card is unlimited cashback on all your transactions, which means you can earn rewards without any limits.

If you spend more than ₹100,000 in the previous year, your second-year fee of ₹750 will be waived off.

You can also enjoy up to a 15% discount at over 1,000 restaurants across major cities, making dining out more affordable.

The card offers convenient EMI options, including Balance Transfer on EMI, Cash-on-EMI, and Loan-on-Phone, to help you manage your credit card dues.

Here are the key benefits of this card:

To make the most of the cashback offer, it's essential to pay off your card balance in full every month. This will ensure you don't accrue interest and can maximize your rewards.

Some types of spending are excluded from certain categories, so it's crucial to be aware of these exclusions. For example, grocery spending on Amazon Fresh, department store purchases, and takeaway orders don't qualify for cashback in some categories.

Transport-related spending, such as travel or transport abroad, is also excluded from eligibility for some categories. If you frequently travel or take public transport, you'll need to factor this into your spending plans.

Here are the excluded types of spending to keep in mind:

The HSBC Cash Rewards Credit Card has some downsides to consider.

One of the main cons is that it has spending caps on rewards, limiting the amount of cash back you can earn.

The card also charges a balance transfer fee of 4% (min $10), which is higher than the average balance transfer credit card fee of 3.18%.

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You'll also need to have good or excellent credit to qualify for this card, which may be a barrier for some people.

Here are the specific cons of the HSBC Cash Rewards Credit Card:

The card's financing options are also somewhat limited, with a 0% introductory balance transfer APR for just 12 months, which is below the market average of 13 months.