HSBC BANK

HSBC BANK Credit Card

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About HSBC Credit Cards

HSBC is one of the world's largest multinational banking and financial services companies. They are serving innumerable customers through four global businesses, i.e., Retail Banking and Wealth Management, Global Banking, Commercial Banking, and Markets and Global Private Banking. Their network is spread over 66 countries and territories in Europe, the Middle East, Asia, Africa, North America and, Latin America.

The origin of HSBC in India dates back to 1853 when the Mercantile Bank of India was established in Mumbai. The Mercantile Bank of India was taken over by the Hongkong and Shanghai Banking Corporation (HSBC) Limited, India in the year 1959. HSBC in India has been active in the development of the banking industry and even gave the first ATM to India in the year 1857.

Ever since the Corporation has started operations in India, it has been offering varied products and services, catering to each and every category of customers. They offer a variety of Credit Cards tailored for the requirement of all categories of customers. The cards are loaded with specific privileges and are issued at a very nominal fee. The cards are loaded with attractive credit limits and will give a confidence of having a constant money flow.

The main categories of HSBC Credit Cards are:

  • HSBC Visa Platinum Credit Card: The numerous rewards and special privileges of this card will make every day of your rewarding.
  • HSBC Smart Value Credit Card: Holding this card will give you special money-saving features and also offer services that are time- saving.
  • HSBC Premier Mastercard Credit Card: This card is mainly meant for their Premier Clients. This card is packed with rich reward programs and an array of benefits to suit the sophisticated traveller and shopper.
  • HSBC Advance Visa Credit Card: This card is designed for everyday use and is packed with reward programs and benefits.

Features of HSBC Credit Cards

  • Balance Transfer facility: Balances in other bank cards can be transferred to HSBC Credit Card at a lower interest. Interest rate ranging from 10.99% to 15% depending on the tenure chosen.
  • Conversion to EMI: Big purchases made on the Credit Card can be converted in EMI and paid in instalments.
  • Instant replacement of lost card: You can use the Visa Global Assistance service or HSBC helpline and get the lost card cancelled and an emergency replacement card will be issued within 3 days anywhere in the world.
  • Loan against Credit Card: HSBC offers instant loan against Credit Card. An instant cash advance is available with minimum documentation.
  • Zero liability for lost cards: No liability for transactions made after reporting and registering the lost card to HSBC.

Types of HSBC Credit Card

The different types of HSBC Credit Card are:

HSBC Visa Platinum Credit Card

Features

  • Get a maximum cashback of 2,500 for a minimum spend of 10,000 in 9 transactions
  • Get a Cleartrip voucher of 2,000 and Swiggy voucher worth R. 250 for the first
  • 3 times rewards on all spends on dining, hotels, and telecom for 12 calendar months from the date of issuance of the card.
  • BookMyShow voucher of 500 on spending over 50,000 in a calendar month. Maximum 3,000 per cardholder per year.
  • Avail a discount up to 15% for dining at over 1,000 restaurants across the country
  • Waiver of fuel surcharge at any fuel pump in India for a transaction between 400 to 4,000. With a maximum waiver 250 per month.
  • Avail up to 450 instant discount from bigbasket
  • Avail a discount of 10% on a wide range of appliances at Flipkart
  • An instant discount up to 15,000 on Sundays offered by MakeMyTrip
  • Book a movie ticket on BookMyShow and get a ticket free on Saturdays
  • Avail a discount of up to 25% by Goibibo on domestic flights and hotels
  • Emergency replacement of lost card on reporting to HSBC Customer Care within 3 days anywhere in the world.
  • Zero liability on transactions made on a lost card after reporting and registering the loss with HSBC.
  • Insurance cover up to 3 Lakhs for transactions done 24 hours prior to reporting the loss
  • Air Miles can be converted in Jet Airways and Singapore Airlines
  • Avail 50% discount on Swiggy

HSBC Smart Value Credit Card

Features

  • Get 200 BookMyShow voucher within 60 days from the date of issuance of the card
  • Gaana+ subscription for 3 months within 60 days from the date of issuance of the card
  • Get 2,000 Cleartrip voucher and 250 Amazon voucher on the first transaction of any amount within 30 days from the date of card issuance.
  • Get 10% cashback for making a minimum of 5 transactions amounting to 5,000 within 60 days from the date of card issuance with maximum cashback of 1,000.
  • Avail EMI benefit at 10.99% p.a. interest for purchases made within 90 days from the date of issuance of the card.
  • Get a BookMyShow voucher of 200 on spending over 15,000 in a calendar month. A cardholder can get vouchers up to a maximum of 1,200 in a calendar year.
  • Avail waiver of fuel surcharge up to a maximum of 250 in a calendar month for transactions between 400 and 4,000 at any fuel station in India.

HSBC Premier Mastercard Credit Card

Features

  • Gain access to over 850 domestic and international airport lounges
  • Complimentary access and discounted fee at leading golf courses in India
  • Dedicated 24 hours golf concierge services are available
  • 5% cashback for international spends of 3 Lakhs and above in a calendar year. Restricted to a limit of 10,000 in a calendar year.
  • 50% cashback on purchase of movie tickets at PVR with a maximum of 500 cashback in a calendar month.
  • Get movie ticket voucher worth 1,000 on spending over 75,000 in a calendar month. Maximum of 6,000 per cardholder in a calendar year.
  • A waiver on the fuel surcharge for a transaction range between 400 to 4,000 with a maximum waiver of 250 in a calendar month.
  • Online fraud protection and lost card liability
  • Air Miles conversion in Jet Airways and Singapore Airlines

Advance Visa Platinum Card

Features

  • Get a movie ticket voucher worth 500 for spends over 50,000 in a calendar month. The maximum of 3,000 per cardholder in a calendar year.
  • Get 2,000 Cleartrip voucher and Swiggy voucher worth 250 for the first transaction on the card.
  • Avail a discount of 15% at over 1000 restaurants in major cities
  • Fuel surcharge waiver for transactions between 400 to 4,000 at any fuel station in India with a maximum of 250 per month.
  • Air Miles conversion facility in Jet Airways and Singapore Airlines

HSBC Card Rewards Details

Name of the Card Regular Reward Points Special Category Reward points

HSBC Visa Platinum Credit Card

2 reward points for every spend of 150

  • 3X reward points on dining, hotel, and telecom transactions for the first 12 months from the date of issuance of the card.
  • 5X reward points on subsequent purchases made beyond 4,00,000 in a year up to a maximum of 10,00,000.

HSBC Smart Value Credit Card

1 reward point for every 100 spent

3X reward points on all spends online and spends on dining and telecom category with a cap at 1,000 incremental points per month.

HSBC Premier Mastercard Credit Card

2 reward points for every 100 spent

No special category reward points

Advance Visa Platinum Credit Card

2 reward points for every 150 spent.

  • 3X reward points for online purchases made on the card for the first 24 months from the date of issuance of the card.
  • 5X reward points for transactions made beyond 4,00,000 in a year up to a maximum of 10,00,000.

HSBC Credit Card Fees Details

Name of the card Joining fee Annual fee

HSBC Visa Platinum Credit Card

Nil

Nil

HSBC Smart Value Credit Card

Nil

499 (waived off on spending 50,000 or more annually)

HSBC Premier Mastercard Credit Card

Nil

Nil

HSBC Advance Visa Credit Card

Nil

Nil

HSBC Credit Card Charges Details

Type of charge Amount

Financial charges on extended credit and cash advances

Interest-free period is 52 days. Thereafter 3.3% p.m. and 39.6% p.a. computed from the date of the transaction.

Duplicate statement

100 for statement older than 3 months

Cheque bounce charges

350

Transaction fee for cash advance against your Credit Card

2.5% of the transaction with a minimum of 300

Over limit fee

500

Late payment fee

50% of the minimum payment due with a minimum of 500 and a maximum of 750 per month.

Sales slip retrieval

225 per month

Out of station cheque collection charges

  • 50 per instrument up to 10,000
  • 100 per instrument above 10,000 up to 1 Lakh
  • 150 per instrument above 1 Lakh

Credit Card replacement charges

100

Currency conversion charges for foreign currency charges

3.5%

Balance enquiry on Credit Card in other bank ATM

Nil

Handling charges for the redemption of rewards

50 per redemption

Charges for cash payment made for the card at HSBC branches and HSBC drop box

100

Copy of credit information report

50

How to Apply for HSBC Credit Card?

You can apply for the HSBC Credit Card online through the official website of the bank.

Steps to apply for the card online through HSBC website:

  • To begin with Register as a user on the official website of the bank
  • Choose the Credit Card page after logging in to the website
  • Check your eligibility and choose the Credit Card as per the eligibility. Provide the required details.
  • Once the request is submitted the representative of the bank will contact you to take you further through the process.

You can also apply for the Credit Card offline by visiting the nearest branch and submitting the relevant documents along with the application form or you can call the bank on their Phone Banking number to apply for the card.

Eligibility Criteria for HSBC Credit Card

The following are the eligibility criteria for the different categories of HSBC Credit Card:

Eligibility for HSBC Visa Platinum Credit Card

  • The age of the applicant should be between 18 to 65
  • Minimum annual income should be 4,00,000 for salaried persons
  • Applicant should be resident Indian
  • The applicant should be a resident of New Delhi, Gurgaon, Noida, Bangalore, Hyderabad, Chennai, Mumbai, or Pune to be eligible for this card.
  • The applicant should have a good credit score

Eligibility for HSBC Smart Value Credit Card

  • The age of the applicant should be between 18 to 65
  • Should have a regular source of income
  • Applicant should be a resident Indian
  • The credit score of the applicant should be good

Eligibility for HSBC Premier Mastercard Credit Card

  • The card is offered only to Premier Customer. For the HSBC Premier relationship, the customer has to maintain a Total Relationship Balance of 4,00,000 quarterly.
  • The applicant should have a mortgage relationship with the disbursal of 1,15,00,000 or more with HSBC India or the applicant should have an account with a net monthly salary credit of 3 Lakhs under the HSBC Corporate Employee Programme.

Eligibility for HSBC Advance Visa Platinum Credit Card

  • This card is offered only to HSBC Advance Customers. To obtain the Advance Customer relationship, the customer has to maintain a Total Relationship Balance of 5,00,000 in a quarter.

Documents Required for HSBC Credit Card

The documents required to apply for HSBC Credit Card are:

  • Recent passport-sized photograph (self-attested)
  • Latest salary slip/ salary certificate (self-attested)/ ITR/ Form 16: If you are an employee of Multinational Corporation (MNC)
  • If you own other Credit Cards, submit their copy of front & back along with your latest Credit Card statement.
  • Copy of your recent salary slip, bank statements of last 3 months showing salary credits (if you're a salaried person in a Private Limited Company).
  • PAN card/ Form 60
  • Copy of any one residence proof (self-attested):
    • Passport
    • Voter's/ Election ID
    • Permanent driving licence
    • Electricity/Telephone/Water bill or Gas bill (for pipeline connection only)
    • Society outgoing bill (from registered societies only)
    • Property tax bill
    • Municipal Corporation issued Domicile Certificate mentioning address
    • Registered rent or lease agreement (registered with state government/ similar registration authority)
    • Aadhaar card
    • Defence ID card
    • Government employee ID card
    • NREGA job card
  • Copy of any one identity proof (self-attested):
    • Passport
    • Voter's/ Election ID
    • Permanent driving licence
    • PAN card
    • Aadhaar card
    • NREGA job card

Making Your HSBC Credit Card Payment

The payment of the HSBC card can be made in the following ways:

  • Bill Desk: Payment through bill desk can be made by providing your HSBC Credit Card number, the amount, and the bank account through which you wish to pay. You will be directed to the payment interface of your chosen bank. Then enter the authentication details like Net Banking User ID and login password of your bank account. Confirm the payment amount. Your bank account will be immediately debited. You will receive the payment confirmation on your registered email address.
  • Internet Banking: You can make payment through your HSBC Internet Banking Account.
  • Auto-debit: You can give a standing instruction to debit your bank account for the Credit Card dues.
  • NACH: NACH is an online standing instruction form wherein you give the authorisation to debit your bank account for the Credit Card dues.
  • Cheque/Demand Draft: You can also make your credit payment vide cheque or demand draft.
  • NEFT: Credit Card payment can be made through NEFT also. You have to mention the Credit Card number in place of the beneficiary account number.

Frequently Asked Questions - HSBC Credit Card

How to apply for the HSBC Credit Card?

You can apply for the HSBC Credit Card through the official website of the bank or by visiting the nearest HSBC branch and submitting the required documents or through Phone Banking.

What is the interest-free period for the HSBC Credit Card?

The interest-free period for the HSBC Credit Card is 52 days. This interest-free period is not applicable if the total dues are not cleared.

What is the interest charged on the outstanding card dues?

Interest is charged at 3.3% p.m. on the outstanding amount in the statement.

What are the eligibility criteria for the HSBC Credit Card?

The eligibility criteria for the HSBC Credit Card are:

  • The applicant should be in the age group between 18 years and 65 years
  • The applicant should have a minimum annual income of 4 Lakhs
  • The applicant should be a resident Indian
  • The credit score of the applicant should be good (preferably 750 or above)

What are the documents required for applying for the HSBC Credit Card?

The documents required to apply for the HSBC Credit Card are:

  • Recent passport-sized photograph (self-attested)
  • Income proof (self-attested)
  • If you own other Credit Cards, submit their copy of front & back along with your latest Credit Card statement.
  • PAN card/ Form 60
  • Copy of residence proof and identity proof (self-attested)

What are the cash withdrawal charges for the HSBC Credit Card?

The cash withdrawal charges for the HSBC Credit Card are 2.5% of the transaction with a minimum of 300.

What happens if the Credit Card is lost?

Report the loss of the card immediately by calling the bank's Customer Service. The existing card will be blocked and a new card will be issued and dispatched to your residence address recorded in the bank.

What are the modes of payment of the Credit Card dues?

The Credit Card payment can be done through internet banking, mobile banking, by giving online auto-debit instructions, by cheque or demand draft, by cash, and through NEFT.

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