The Hongkong and Shanghai Banking Corporation (HSBC Bank) is an international bank incorporated in 1865 by Thomas Sutherland in Hongkong. It was 1959 when it took over the Mercantile Bank of India in Mumbai. In India, it is the second oldest foreign bank and gave India its first-ever ATM in 1987. The headquarter of HSBC Bank is situated in London and it is listed on different stock exchanges namely; London, New York, Hong Kong, and Bermuda stock exchanges.
The HSBC holdings are held by more than 1.90 lakh shareholders. Initially, it was founded to serve the needs of merchants of the China coast and finance the growing trade between China, Europe, and the US. With time it stretched its network across 130 countries and started providing various products and services including credit cards to its commercial banking clients, retail and corporate customers. Read the below-given credit card information for making an informed decision.
List of Best HSBC Credit Cards in India
3 complimentary airport lounge access, an Amazon gift voucher worth Rs. 500, 10% cashback up to Rs. 1,000, and 50% discount on Google Pay.
1 Reward Points on every spend of Rs. 100 and 3x RPs on dining, telecom categories, and all online spends.
Amazon Voucher worth Rs. 500, 3 complimentary lounge access/3 meal vouchers, 50% discount (up to Rs.100) on the first transaction on google pay, and 10% cashback (upto Rs. 2,000).
Earn 2 reward points on every Rs. 150 spent on this card.
Top HSBC Bank Credit Cards
HSBC Bank offers 4 credit cards which come with no joining fee and annual fee, which are as follows:
HSBC Premier Mastercard Credit Card
HSBC Premier Mastercard credit card is one of the best cards offered by HSBC Bank. On this card, you get the lowest foreign currency mark-up charges as compared to other cards mentioned in this article. You can earn 2 reward points on every Rs. 200 spent on this card. You can enjoy the travel benefits every year. On this card, you get a variety of privileges on golf, shopping, and entertainment.
HSBC Visa Platinum Credit Card
It’s an entry-level credit card offered by the HSBC Bank, which offers a quite decent reward rate on every retail spending on this card. Moreover, it provides you exciting offers and discounts on movies and dining. You can earn 2 reward points on every other Rs. 150 spent on this card and 5x reward points on spending above Rs. 4 lakhs. This card can be ideal for first-time credit cards.
HSBC Smart Value Credit Card
HSBC Bank offers another entry-level card that rewards the cardmember with 3x reward points on online shopping, recharges, and dining. This card entitles you to introductory benefits like an Amazon voucher, discount on the first transaction on google play. The finance charges on this card can go down to 1.99% depending upon your credit history. With this card, you can enjoy complimentary lounge access too. Continue reading.
HSBC Cashback Credit Card
With this card, the cardholders can enjoy the cashback benefits in various categories like dining, online shopping, and more. HSBC Bank on this card entitles you to enjoy the best deals from paying bills to buying flight tickets. This card allows you to earn 1.5% cashback on all online transactions and 1% cashback on all other spendings. Moreover, you can also enjoy the spend-based waiver of the annual fee on achieving the annual spending of Rs. 1,00,000.
Note:- On all above-mentioned credit cards, HSBC Bank provides zero liability lost card protection.
HSBC Credit Card Reward Points & Cashback
|Credit Card||Reward Points|
|HSBC Visa Platinum Credit Card||2 RPs on every other Rs. 150 spent on this card and 5x RPs on spending above Rs. 4,00,000 in a year.|
|HSBC Premier Mastercard Credit Card||2 RPs for every Rs. 100 spent on this card.|
|HSBC Smart Value Credit Card||1 RP on every Rs. 100 spent on this card and 3x RPs online shopping, dining, and recharges.|
|HSBC Cashback Credit Card||1.5% cashback on all online transactions and 1% cashback on other spendings.|
HSBC bank allows you to easily redeem your reward points or convert your reward points into AirMiles. It gives you a plethora of choices to choose from product catalogs ranging from e-gift vouchers to donations and more. While choosing goods and services from the product catalog, the maximum value of 1 reward point is equivalent to 0.37 for all credit cards except HSBC Premier Mastercard Credit Card.
*For HSBC Premier Mastercard Credit Card, the maximum value of 1 reward point is equivalent to 0.43.
Furthermore, on HSBC Visa Platinum Credit Card and HSBC Premier Mastercard Credit Card, you can also convert your reward points to Taj Inner Circle Points (1000RPs = 1000 Taj Inner Circle Points). For this purpose, you need to redeem a minimum of 1000 reward points.
For the conversion of reward points to Airmiles, kindly see the below-given table;
|Credit Card||Reward Redemption|
|HSBC Visa Platinum Credit Card||
2 RPs = 1 InterMile
1 RP = 1 Kris Flyer Mile/Avios Mile
|HSBC Premier Mastercard Credit Card||
3 RPs = 2 InterMiles
1 RP = 1 Kris Flyer Mile/Avios Mile
|HSBC Smart Value Credit Card||NA|
|HSBC Cashback Credit Card||NA|
Complimentary Airport Lounge Access:
|Credit Card||Complimentary Lounge Access|
|HSBC Visa Platinum Credit Card, HSBC Smart Value Credit Card, and HSBC Cashback Credit Card||3 complimentary domestic and international lounge access**|
|HSBC Premier Mastercard Credit Card||2 complimentary domestic and international lounge access per year.|
**Complimentary lounge access on these cards can be availed under the introductory offers. Introductory offers can be enjoyed only after making a transaction worth Rs. 1000 within 30 days of receiving the card.
Annual Fee is one of the most important factors you might look for while applying for a credit card. Different HSBC Credit Cards may have different annual fees on the basis of features provided by them.
|Credit Card||Annual Fee||Joining Fee Waiver condition||Renewal Fee Waiver condition*|
|HSBC Visa Platinum Credit Card, HSBC Premier Mastercard Credit Card, and HSBC Smart Value Credit Card.||NIL||NA||NA|
|HSBC Cashback Credit Card||Rs. 750||NA||Reversed on spending Rs. 1,00,000.|
*spend within an anniversary year.
Other Fees and Charges:
|Credit Card||Interest Rate||Cash Advance Fee||Foreign Currency Markup||Reward Redemption Fee||Add-on Card fee|
|HSBC Visa Platinum Credit Card and HSBC Cashback Credit Card||3.49% p.m. (41.88% p.a.)||2.5% or a minimum of Rs. 500.||3.5%||NIL||NIL|
|HSBC Smart Value Credit Card||
3.49% p.m. (41.88% p.a.)
***Can go down to 1.99% p.m.
|2.5% or a minimum of Rs. 500.||3.5%||NIL||NIL|
|HSBC Premier Mastercard Credit Card||2.49% p.m. (29.88% p.a.)||2.5% or a minimum of Rs. 300.||1.99%||Rs. 50||NIL|
|Credit Card||Age||Minimum Income requirement for salaried employees|
|HSBC Visa Platinum Credit Card and HSBC Cashback Credit Card||18 years - 65 years||Rs. 4 lakhs per annum|
|HSBC Smart Value Credit Card||18 years - 65 years||Rs. 3 lakhs per annum|
****The eligibility criteria for HSBC Premier Mastercard Credit Card is that you are required to maintain an HSBC Premier relationship in India.
|Identity Proof (any one)||Address Proof (any one)||Income proof|
How To Apply?
You can apply for HSBC Bank credit cards either by visiting the nearest branch or by the online method as follows:
- Keep your documents handy.
- Go to https://www.hsbc.co.in/credit-cards/.
- Choose the credit card you want to apply for.
- Click ‘Apply Now.’
- You will be redirected to an application form that you need to fill carefully.
- Complete all the formalities as instructed by the bank’s website.
OR, you can visit the nearest HSBC Bank branch.
HSBC Bank Application Status
To track your application status, you need to call credit card customer care ( helpline number for India: 1800 267 3456 / 1800 121 2208 and for overseas 040-61268002/ 080-71898002) only on working days from 6:30 am to 8:30 pm. However, HSBC Bank does not provide any facility to check application status in online mode.
- HSBC Bank provides priority assistance to its credit card members within India and from Overseas.
- If you have any personal banking and credit card queries, call on toll-free helpline numbers for India: 1800 267 3456 / 1800 121 2208 and for overseas 040-61268002/ 080-71898002 during office hours i.e., between 6:30 am to 8:30 pm.
- It also provides emergency services 24*7 to report loss or misuse of card/account.
- For more details regarding customer care kindly visit the bank’s contact us site: https://www.hsbc.co.in/help/contact/.
To avail the introductory offers you need to make a purchase worth Rs. 1000 using the credit card within 30 days of receiving the card. Under welcome benefits you can avail Amazon Voucher worth Rs.500, 50% off (up to Rs. 100) on the first transaction made on Google pay, 10% cashback (up to Rs.2000) on making 5 eligible transactions with a total spending amounting Rs. 10,000 within 60 days of receiving the card.
Yes, HSBC Bank provides complimentary lounge access on all of the above mentioned credit cards. However, the card members get lounge access under the introductory benefits which are valid till 31st December 2021 only on HSBC Visa Platinum Credit Card, HSBC Cashback Credit Card, and HSBC Smart Value Credit Card.
You will be charged a redemption fee of Rs. 50 only on HSBC Premier Mastercard Credit Card and no redemption fee will be charged on other credit cards offered by HSBC Bank.
No, above mentioned credit cards do not have a spend based waiver except HSBC Cashback Credit Card. On HSBC Cashback Credit Card, spending Rs. 1,00,000 in the previous year, the annual fee of Rs. 750 will be reversed.
No, as of now HSBC Bank does not provide the online facility to check your credit card application status. To track the application status you need to call the customer care toll free helpline number.
Yes, you can apply online for a HSBC Bank Credit Card through your phone by going on to the official website and selecting the card you wish to apply for. Click on ‘apply now’ and you’ll be asked whether you’re an existing customer or a new applicant.
You can provide any one from Aadhar card, voter id, passport, driving license, etc. as address proof to get a card issued from the HSBC Bank.
None of the above mentioned cards have an add-on card fee. It is completely free on these credit cards offered by the HSBC Bank.
You can join HSBC Premier either by calling the customer care number or by visiting the HSBC Bank Branch. Indians can call on 1800 266 3456 or 1800 120 4722 and overseas customers can call on +91-40-61268001 or +91-80-71898001. While visiting the branch, kindly take your identification documents and recent proof of address with yourself.
The validity of reward points on HSBC Credit Cards is up to 3 years from the date of accumulation. The reward points earned from the date of issuance of credit card i.e. first year, can be redeemed till the end of the third year. For instance, you get your card on say 1st January 2012, the reward points earned afterwards will expire on 1 January 2015.