HSBC Cashback Review (w.e.f 01-Sep-23 i.e., after revaluation)

[helloworld]

Related posts: https://www.technofino.in/community/threads/one-more-devaluation-this-time-hsbc-cashback-card.15623/

Summary:

Benefit/Feature	New Changes
Annual Fee	999+18% GST
Fee Waiver	2L
Online Spends	1.5%
Offline Spends	1.5%
Grocery MCC	10% (with below two categories upto 1K per month)
Dining MCC	10%
Swiggy/Zomato or Food Delivery MCC	10%
Easydiner	15% upto 500 on min.2.5k
Lounge Benefit	4 per year
fuel, rental, govt. transactions, e-Wallets, insurance, education, B2B goods and services, jewellery, charity, toll fees, cash advances, payments of outstanding balances, payments of card fees and other card changes	0%

Some MCCs (Reference Purpose Only):



Note: The transactions for each category are identified through Merchant Category Codes* (MCC), defined by the Network, e.g. Visa, MasterCard and RuPay.

Mall Food courts, Nearby grocery stores, Supermarkets, Swiggy Instamart, EasyDiner, Restaurants, KFC, Dominos and DMart - working for 10% cashback (unless you have above MCC, no guarantee).

Replace some cards (If you use this card ..):

1.5% offline - Alternative to FK 1.5% Card
10% grocery (offline) - Alternative to StanC Manhattan 5% Card
10% grocery and food delivery (online) - Alternative to Airtel 10% Card
10% dining (offline) - Alternative to AU Zenith 5% Card

Exclusion MCC List:

 

[charan kumar]

For Payu Gateway it is 7399.

For Cashfree it is 5499.

Except AGV, ASV, Flipkart, all other GVs get Processed via Cashfree Gateway, still Recommend to Cross check.

Thank you for your information .....and may i know is SBI cashback giving 5% CB in magicpin or not

 

[VISHESH_BANSAL]

Thank you for your information .....and may i know is SBI cashback giving 5% CB in magicpin or not

Working as of Now.

 

[lhgeek]

Purchase More GV for in Store Purchases @ 4% Instant discount from Magicpin.

Magicpin MCC is eligible for HSBC 10% CASHBACK too. Ensure Cashfree Gateway

You will get Double benefit.😎

How to check cashfree or payu gateway?

 

[VISHESH_BANSAL]

How to check cashfree or payu gateway?

Payu ka hoga toh Payu Likha ayega screen pe when you Submit Card details

 

[temp77]

Guys let me know in DMs if you want to apply for this card, offering good cashbacks!

 

[Lucifer311]

Just Checked with HSBC CC, they are saying MCC 5499 is not eligible for 10% cashback on HSBC cashback card.
@VISHESH_BANSAL Do you have any info on this?

 

[VISHESH_BANSAL]

It is eligible. I do not have HSBC Cashback but I Verifed with @shutapdiya

Just Checked with HSBC CC, they are saying MCC 5499 is not eligible for 10% cashback on HSBC cashback card.
@VISHESH_BANSAL Do you have any info on this?

 

[b4bhar]

Just Checked with HSBC CC, they are saying MCC 5499 is not eligible for 10% cashback on HSBC cashback card.
@VISHESH_BANSAL Do you have any info on this?

I think the customer care is kind of clueless with the eligible transactions for cashback. Its better to just ask them the MCC.

I made 2 transactions for groceries. One with swiggy and another one with dmart. The customer care told me that l swiggy (5499) is eligible for cashaback but dmart (5411) is not eligible for cashback!

 

[gautampai]

Is the cashback calculated on basis of transaction date or transaction settlement date?
I have made a transaction of 7k on 14th May, bill generation happens on 15th 12:00am. I am confused if the cashback will be credited in June statement or July statement.

 

[pprakash11]

Is the cashback calculated on basis of transaction date or transaction settlement date?
I have made a transaction of 7k on 14th May, bill generation happens on 15th 12:00am. I am confused if the cashback will be credited in June statement or July statement.

Cashback is counted on those transactions which are fully settled.
Since HSBC takes 2 days for transaction settlement, you cashback will be credited in July

 

[b4bhar]

Guys, is the cashaback capping of 1k per calendar month or per statement cycle?

 

[b4bhar]

It is eligible. I do not have HSBC Cashback but I Verifed with @shutapdiya

Mate, is the MCC 5311 eligible for 10% cb? I bought this from near by kirana store.

 

[VISHESH_BANSAL]

Mate, is the MCC 5311 eligible for 10% cb? I bought this from near by kirana store.

No, this is Departmental Store not Grocery.

 

[b4bhar]

No, this is Departmental Store not Grocery.

oh.. damn. it is kirana store, but he might have registered as a departmental store. so, i should refrain from doing transactions at this shop. Is there any chance they correct this, if i show them the bill? I did this with AU bank and they corrected it for my LIT card cashback. Not sure, how HSBC works though.

 

[VISHESH_BANSAL]

oh.. damn. it is kirana store, but he might have registered as a departmental store. so, i should refrain from doing transactions at this shop. Is there any chance they correct this, if i show them the bill? I did this with AU bank and they corrected it for my LIT card cashback. Not sure, how HSBC works though.

AU is very Generous in doing this. Many other users have same Experience with AU LIT where AU Credited Cashback for Relevant Category as per Invoice and other Relevant Proofs even when tagged MCC is different.

I do not think any other Bank will ever do this especially HSBC.

 

[b4bhar]

AU is very Generous in doing this. Many other users have same Experience with AU LIT where AU Credited Cashback for Relevant Category as per Invoice and other Relevant Proofs even when tagged MCC is different.

I do not think any other Bank will ever do this especially HSBC.

Does AU bank considers MCC 5311 as groceries? Do you have the list of MCCs which AU bank considers as groceries? I've AU LIT card as well and they have just added 199 rs again to my wallet which i can use for adding card features. i think they might have added around 600- 650 rs in the wallet for free to activate the product features,

 

[VISHESH_BANSAL]

Does AU bank considers MCC 5311 as groceries? Do you have the list of MCCs which AU bank considers as groceries?

It is given on Website as Well.

5411, 5499 (Commonly Used by Grocery Merchants)
And
5422, 5441, 5451, 5462, and 5921

 

[b4bhar]

It is given on Website as Well.

5411, 5499 (Commonly Used by Grocery Merchants)
And
5422, 5441, 5451, 5462, and 5921

I think no one allows 5311 as groceries

 

[VISHESH_BANSAL]

I think no one allows 5311 as groceries

Yes, 5311 comes under Seperate Head "Departmental Store" which sells other Goods too, not only Grocery

 

[Sriim]

I think the customer care is kind of clueless with the eligible transactions for cashback. Its better to just ask them the MCC.

I made 2 transactions for groceries. One with swiggy and another one with dmart. The customer care told me that l swiggy (5499) is eligible for cashaback but dmart (5411) is not eligible for cashback!

5411 is Grocery MCC. How can it not be eligible? 😵