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For people who regularly shop online, the HSBC Cashback credit card is the perfect option. The bank has announced updates to the terms and features of the credit card that will come into effect from 1st September 2023.
The membership fee of the card is Rs. 999 that can be waived off on spending Rs. 2 Lakhs in the year. Moreover, you will also get unlimited 1.5% cashback on your spends with the card along with accelerated cashback on certain categories.
Read on to know more about the updated terms and conditions and features on the HSBC Cashback credit card.
Key Features
- Earn 10% accelerated cashback on food, dining, and grocery spends. The cashback is capped at Rs. 1000 per card statement cycle.
- Earn unlimited 1.5% cashback on spends elsewhere.
- Get 4 complimentary domestic lounge access per year, maximum once per quarter.
- Get the renewal fee of Rs. 999 waived off on spending Rs 2 Lakhs in the card anniversary year.
On completing online credit card application and the Video KYC, you can win an Amazon gift voucher worth Rs. 250. The above features and changes will come into effect from 1st September 2023.
The following spend categories are not eligible to earn cashback – Fuel spends, wallet reloads, rental payments, property management charges, business to business transactions, government spends, education charges, gambling, ins Amazon vouchers urance, antique and jewellery items, security broker services, charity, collection agencies, money transfers, wholesale clubs, toll and bridge charges.
Introductory Offer on the HSBC Cashback Credit Card
You can get Amazon vouchers worth Rs. 1000 on making transactions worth Rs. 10,000 within 30 days of getting the card. This introductory offer is applicable from 16th August 2023 to 31st December 2023.
Exclusive Monthly Offers on the HSBC Cashback Credit Card
The following are the monthly offers you can get on the Cashback credit card –
5% Discount on Amazon
Get 5% discount on Amazon on spends of Rs. 1000 or above. The maximum discount is capped at Rs. 250 per card per month but the offer is not valid during the Amazon Great Indian Festival Sale period.
Amazon Bill Payment Offer
Get Rs. 50 discount on post-paid utility bill payment of Rs. 500. You can avail the offer 4 times per month per card and the maximum discount is capped at Rs. 200 per month.
EazyDiner Offer
You can get an instant 30% discount up to Rs. 600 on minimum order value of Rs. 1000. The offer is valid once per month per card.
BlinkIt Offer
Get flat 10% discount up to Rs. 100 on using the promo code HSBC10. You can get a maximum discount of Rs. 300 across the first 3 transactions in a month.
PharmEasy Offers
Save 10% up to Rs. 150 on ordering prescribed medicines from PharmEasy. Also, get a complimentary PharmEasy Plus membership for 3 months.
Partner Brand Offers
BookMyShow Saturday Offer – BOGO movie tickets on Saturdays, up to maximum Rs. 250 per ticket
Tata CLiQ – Get an instant discount of 15% on the Luxury, Lifestyle, and Electronics categories
Additional Benefits of the Cashback Credit Card
The following are the additional benefits of the HSBC Cashback credit card –
Zero lost card liability – The cardholder is not liable for fraudulent transactions made with the card after registering and reporting the lost card in time. You will be covered for misuse up to Rs. 3 Lakhs for any misuse of the credit card up to 24 hours before reporting the loss.
Emergency card replacement – On losing your HSBC Cashback credit card, call the Visa Global Assistance Services or HSBC helpline numbers to get the card cancelled and get an emergency card issued globally within 3 days. You can even retrieve emergency cash at more than 22,000 outlets across the world.
Insurance benefits – Insurance benefits are provided by ICICI Lombard General Insurance. Claims should be sent directly to the company and the insurance benefits are valid for primary cardholders.
Other benefits – Other benefits include add-on credit cards, cash advance, Phone banking, global access. You can also use it for online transactions ideal for entertainment and online shopping.
Conclusion
For people who are fond of shopping online, the HSBC Cashback credit card is a great option for them. The bank has updated the terms and conditions and several features on the card that will come into effect from 1st September 2023.
As discussed above, you can get the joining fee of Rs. 999 waived off on spending Rs. 2 Lakhs in the card anniversary year. Moreover, the card offers accelerated cashback on food delivery, dining, and grocery spends, along with unlimited 1.5% cashback on other spends. Head over to the comments section and let us know your thoughts regarding the new features on the HSBC Cashback credit card.
