HSBC Cashback Credit Card Review

HSBC Cashback Credit Card

Fee

Joining Fee: ₹ 999+GST
Annual Fee: ₹ 999+GST

Type

Cashback

Return

1.5% to 10%

Rating

3.8/5

Network

Visa

Benefits

Domestic Airport Lounge Access

Table of Contents

When it comes to cashback credit cards, some of the popular options are SBI Cashback, Flipkart Axis, Axis Ace and AU Xcite Ace. But, we have some other good options as well like the Airtel Axis Bank credit card and the HSBC Cashback credit card. HSBC Cashback credit card offers 1.5% cashback on retail spends. But the USP is the 10% cashback on select categories like dining, food delivery and grocery spends. All three are essential spends and this is where the HSBC Cashback credit card is useful.

HSBC Cashback rebranded to HSBC Live+ Credit Card

HSBC has rebranded the Cashback credit card to Live+ credit card. The Live+ credit card retains all the features and benefits of the Cashback credit card. Check out the review of the HSBC Live+ Credit Card.

Tata Neu Infinity HDFC Bank Credit Card LTF

Eligibility

  • Age: Between 18 and 65 years
  • Minimum annual income for salaried individuals: Rs 4 Lakh
  • City of Residence: Bangalore, Chennai, Gurugram, Hyderabad, Mumbai, New Delhi, Noida, Pune, Chandigarh, Kolkata, Jaipur and Ahmedabad

HSBC does not provide the Cashback credit card to self-employed individuals. There are some rare exceptions if there is an existing saving account with a high balance. You would need a high NRV for this to work.

Fees

Joining FeeRs 999+GST
Welcome BenefitSpend Rs 10,000 within first 30 days to get Rs 1000 Amazon GV
Annual FeeRs 999+GST
Annual Fee WaiverSpend Rs 2 Lakh in a membership year
Renewal BenefitNone
HSBC Cashback Credit Card Review: Fees

The joining fee is compensated with the Amazon GV. So, it is ‘free’ for the first year except the GST part.

LTF Kiwi RuPay Credit Card

Cashback

Type of SpendCashbackCap
Retail Spends1.5%None
Dining, Food Delivery and Grocery Spends10%₹ 1000/statement
Fuel, Wallets, Rent, Property Management, Education, Government,
Insurance, Jewellers, Tolls, Financial Institutions, Wholesale Clubs
None
HSBC Cashback Credit Card Review: Cashback

That is quite an exhaustive list of exclusions for 1.5% cashback. But, the HSBC Cashback credit card it is still a good option as other retail spends still get unlimited 1.5% cashback. This is the same as what Flipkart Axis Bank credit card also offers for retail spends.

Airtel Axis Bank Credit Card

The 10% cashback on dining, food delivery and grocery spends is a big plus. It is valid for any spend in these categories. So, you can spend at any grocery shop or order from Swiggy/Zomato and get 10% cashback. If you can maximize on this, this alone will give you Rs 12000 worth of cashback in a year. We used the HSBC Cashback credit card at multiple online and offline stores to check the cashback. We got 10% cashback at DMart, Reliance Fresh, Swiggy Instamart, Swiggy food felivery, Zomato food delivery and blinkit. So it is quite easy.

Cashback Redemption

The earned cashback in a billing cycle is credited to the card account within 45 days of the card statement date.

AU Bank Xcite Ace

Complimentary Airport Lounge Access

  • Domestic Airport Lounge Access: 4 visits/year
  • International Airport Lounge Access: Not Available

BookMyShow BOGO Offer on HSBC Cashback Credit Card

HSBC Cashback Credit Card - BookMyShow Offer

HSBC and BookMyShow run a BOGO offer for booking movie tickets on Saturdays for shows running on any day of the week. The maximum price of the free ticket is capped at Rs 250.

Other Key Benefits & Charges

  • Foreign Currency Markup: 3.5%+GST ~4.13%
  • Fuel Surcharge Waiver: Not Available

HSBC Cashback Credit Card vs Other Cashback Credit Cards

If you have multiple cashback credit cards and want to know which is the best one for your spends, refer to our handy chart below. It has cashback percentage comparisons across multiple cashback credit cards to find the best one for your spends.

Cashback Credit Cards Comparison

Final Thoughts

HSBC Cashback is one of the best cashback credit cards today. With 1.5% to 10% cashback on spends, it is a must have cashback credit card. We get an annual fee waiver at ₹ 2 Lakh spend. This is quite easy to achieve as major spend categories like dining, grocery and food delivery offer 10% cashback.

Frequently Asked Questions

HSBC Cashback Credit Card

Card Maven

Fees
Rewards
Benefits
3.8
Axis Bank My Zone Credit Card LTF
Share the Post:
LTF Axis My Zone

15 thoughts on “HSBC Cashback Credit Card Review”

  1. I know there is no cash back on jewellery purchase. But will it considered for annual fee waiver

  2. Akshit Singh

    Between HSBC Cashback and Axis Ace, which one should I choose? I already have SBI Cashback.

  3. It would be nice to have a list of vendors which are eligible under the 10% cashback category, it would help a lot.

    1. Card Maven

      While it is not possible to have a complete list, we have updated the ones which work based on our experiences.

  4. Is the cash back arranged as credit to the statement account?
    Is there any qualifications limits for Cashback (spends outside the range 1000-4000) do not qualify
    Groceries- Do Dmart, Bigbazaar, bigbasket qualify? if anyone has first hand experience

    1. Yes, it is a statement credit. No restriction on amount of spend to qualify for cashback.

      The cashback is MCC based. Bigbasket qualifies, you would need to do a transaction on others to check for cashback.

  5. Ankur Dhanda

    Thanks for this review with updated Cashback card.
    Please do a review of the HSBC Premier Card as well.

Leave a Reply

Your email address will not be published. Required fields are marked *

Scroll to Top