HSBC Smart Value Credit card

HSBC Bank Smart Value Credit Card

Best for : Cashback & Rewards
Card Type :VISA Card Logo
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The HSBC Smart Value Credit Card offers you special money-saving features and time-saving services. The card comes with you attractive cashback and rewards, installment plans, welcome gift vouchers, complimentary airport lounge access, Apply Now & get  Rs 1000 cashback voucher* on card disbursal from MyMoneyMantra.  All these benefits are offered with ZERO joining and annual fees.

Written by Reshma Rawat |
Edited by Abhijeet Singh
Updated On: Jul 5, 2024

Key Highlights of HSBC Smart Value Credit Card

The key highlights of the lifetime free HSBC Smart Value Card are given below:

FeaturesDetails
Best forRewards, cashback & lounge access
Joining feeNil
Annual feeNil
Rewards3X rewards on online, dining & telecom categories
Cashback10% cashback of up to Rs. 1,000
Complimentary airport lounge access3 complimentary visits at domestic & international lounges or 3 meal vouchers for use at airport restaurants in India
Welcome giftsAmazon voucher worth Rs. 500 & Swiggy voucher worth Rs. 250
Minimum incomeRs. 3 Lakhs per annum
Minimum age18 years

Features & Benefits of HSBC Smart Value Credit Card

Following are the main HSBC Smart Value credit card benefits and features:

Introductory Offers

  • 3X rewards on all spends on online, dining & telecom categories. Limited to 1,000 incremental reward points per month.
  • 3 complimentary airport lounge access at domestic and international lounges or 3 AirDine (meal) vouchers at airport restaurants in India.
  • Earn 1 reward point for every INR100 you spend with your HSBC Smart Value Credit Card.
  • 10.99%p.a. for equated monthly instalment (EMI). Applicable within 90 days from the date of card issuance on loan on the phone, balance transfer on EMI, and cash on EMI.
  • Earn 1 point for every INR 100 you spend with your Card.
  • Make annual savings of up to INR3,000 on fuel surcharges with our credit card waiver.

EMI Products

The HSBC Credit Card provides a convenient way to help you manage your payments, transfer your balances on EMI and also borrow cash with easy instalments at a lower rate of interest. The bank has a host of low-interest EMI options:

  • Cash-on-EMI
  • Loan-on-phone
  • Instant EMI 
  • Balance transfer
  • Balance conversion

Alliance Offers

  • Pickyourtrail Curated deals on luxury hotel stays with an option of ‘book your holiday today and avail it in the future’. Just log on to Pickyourtrail and book now.
  • Goibibo: Up to 15% instant discount on the flight, hotel, outstation cab & other travel bookings every Tuesday.
  • Cleartrip: Up to Rs. 7,000 instant discount on booking domestic flights & hotels every Friday.
  • Akbar Travels: Rs. 200 off on domestic flight booking and the convenience fee (worth Rs. 250) waived off on every ticket booking done on Wednesdays.
  • IndiGo: 5% cashback (up to Rs. 750) on Indigo flights.
  • MakeMyTrip: Up to Rs. 20,000 savings on hotel & flight bookings every Sunday.
  • Yatra: Up to 20% instant discount on travel bookings every Thursday & Sunday till 26 march 2023.
  • Qatar Airways: Up to 12% instant discount on booking flights till 7 March 2023 for travel up to 30 June 2023.
  • Samsung: Up to 35% discount on mobile phones & accessories.
  • Vijay Sales: 7.5% instant discount at Vijay Sales stores & website on using Instant EMI facility till 31 March 2023.
  • Croma: Up to Rs. 7,500 savings on a wide range of electronics every week on Saturdays & Sundays.
  • Ajio: 10% off (up to Rs. 1,000) on Tuesdays.
  • Tata CLiQ: Up to 15% instant discount on select Lifestyle and Luxury products.
  • Bigbasket: Flat Rs. 200 off.
  • Licious: 10% off (up to Rs. 150). Offer valid once per month on minimum transaction of Rs. 600.
  • PVR: 10% off on food & beverages, every day, every time.
  • Eazydiner: Up to 30% off.
  • Taj - Qmin: 25% instant discount on every home delivery order.
  • Zomato: Exciting offers on Zomato dining & food delivery.
  • BookMyShow: Buy-one-get-one-free offer on booking movie tickets on Saturdays.

HSBC Smart Value Credit Card Fees & Charges

Following are the fees and charges levied on the HSBC Smart Value Card:

  • Standard joining fee: Nil.
  • Standard annual fee for the first year: Nil.
  • Standard annual fee from second year onwards: Nil.
  • Standard annual fee on Add-on card: Nil.
  • Interest rate: 3.49% per month (41.88% p.a.) onwards; can go down up to 1.99% per month (23.88% p.a.) depending on the customer's risk profile.
  • Balance transfer charges: 10.99% to 15.99% p.a. interest rate across tenures & 1.5% (minimum Rs. 200) processing fee.
  • Late payment fee: 100% of the minimum due payment (minimum Rs. 400 & maximum Rs. 750 p.m.).
  • Foreign currency markup: 3.3%.
  • Credit card bill payment at HSBC branches & drop-boxes: Rs. 100.
  • Minimum Payment Due (MPD) on credit usage: Minimum Rs. 100.
  • Charges for bounced cheque: Rs. 350.
  • Transaction fee for cash withdrawal at bank’s branches & ATMs: 2.5% of the transaction amount (minimum Rs. 300).
  • Transaction fee for cash withdrawal at overseas ATMs: Rs. 100. 
  • Reward points redemption fee: Rs. 50 per request.
  • Duplicate statement fee: Rs. 100 per statement older than 3 months.
  • Overlimit fee: Rs. 500 per month.
  • Charge slip retrieval charge: Rs. 225 per month.
  • Card re-issuance: Rs. 100.

HSBC Smart Value Credit Card Eligibility Criteria

You must meet the following eligibility criteria for the HSBC Smart Value Credit Card:

  • You must be an Indian resident.
  • You must be aged between 18 and 65 years.
  • You must be a salaried individual.
  • Your minimum annual income should be at least Rs. 4 Lakhs or more.
  • This card is only available in select cities in India, including Bangalore, New Delhi, Noida, Mumbai, Chennai, Hyderabad, Gurgaon, or Pune.

HSBC Smart Value Credit Card Documents Required

To apply for an HSBC Smart Value Credit Card, you have to submit the following documents along with a duly filled-in and signed credit card application form and recent passport-sized photographs: 

  • If you are a Multinational Corporation (MNC) employee: Salary slips/ Salary certificate.
  • If you have another credit card: A copy of the front of the credit card and latest statement.
  • If you are a salaried employee working in a Private Limited Company: A copy of your latest salary slip with the last 3 months of bank statements showing salary credits.
  • Proof of residence as well as identity.
  • Permanent Account Number (PAN) Card/ Form 60.

*This list of documents mentioned above is for reference only. The bank may need additional documents during credit card processing.

How to Apply?

You can apply for an HSBC Smart Value credit card through MyMoneyMantra.

  • Click on the "Apply Now" button.
  • A new window will open for you on the website of the HSBC Bank.
  • Fill in the required details and submit.

HSBC Bank Smart Value Credit Card FAQs

Your HSBC Smart Value credit card’s limit is decided at the discretion of the bank. The bank conducts thorough checks before deciding a specific limit for each customer. Some important factors that play a major role in deciding the credit card limit are the applicant’s credit score, credit report, and previous/existing debt repayment habits.

Anyone who meets the eligibility criteria mentioned below can apply for an HSBC Smart Value Credit Card:

  • Indian residents aged between 18 to 65 years.
  • Salaried applicants earning an annual income of at least Rs. 4 Lakhs per annum.
  • Applicants residing in Bangalore, New Delhi, Chennai, Hyderabad, Noida, Gurgaon, Mumbai, or Pune.

Yes, you can use this card for foreign transactions with zero extra charges. However, the bank will levy an applicable 3.3% currency conversion rate in the country where you make the transaction.

Yes, the reward benefits are mentioned below:

  • 1 reward point for spending every Rs. 100. 
  • Accumulated reward points can be redeemed against a host of gifts and vouchers available on HSBC’s rewards catalogue.
  • Reward points will be valid for 2 years.
  • 3X rewards on all spends on online, dining & telecom categories. Limited to 1,000 incremental reward points per month.

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