One More Devaluation: This time HSBC Cashback Card

[shutapdiya]

Here are some of the key highlights of our revised HSBC Cashback Credit Card offering:​

​

•​ Earn More Cashback: Enjoy a 10% cashback (up to ₹1,000) on categories such as dining, grocery, and food delivery. Also, earn unlimited 1.5% cashback on all other spends. Cashback not eligible on select categories such as Fuel, Rental, Govt. Transactions, E-wallets, Insurance, Education, B2B Goods and Services, Jewelry, Charity, Toll fees, Cash Advances, Payment of outstanding balances, payment of card fees and other card charges​ ​ ​ •​ Elevated Airport Lounge Experience: 4 complimentary airport lounge access, one per quarter​ ​ ​ •​ Joining and Renewal Fee: There will be a joining fee of only ₹999 (not applicable to existing customers). There will also be a renewal fee of ₹999, which will be waived upon reaching a spend milestone of ₹200,000 in a year​

​

Please note that these changes will come into effect for your existing credit card from 26-Aug-2023.​

 

[prc1990]

Is there any update regarding changes in hsbc visa platinum card or just the cashback card?

Platinum is anyways free w/o any major benefits. So devalue ho bhi Jaye (hain hi kya devalue hone ka), to no dikkat .

 

[mechanism_chronically]

Is there any update regarding changes in hsbc visa platinum card or just the cashback card?

I think only cashback cards at the moment

 

[pprakash11]

Platinum is anyways free w/o any major benefits. So devalue ho bhi Jaye (hain hi kya devalue hone ka), to no dikkat .

Dada, you hold one ?

 

[prc1990]

Dada, you hold one ?

Bekar card I hold .

 

[pprakash11]

Bekar card I hold .

Applied in the starting days when you had less no. Of ccs / recently?

 

[Nans05]

Anyone getting Cashback for rent payment till now in HSBC cashback card and bank deducting any rent payment charges?

 

[prc1990]

Applied in the starting days when you had less no. Of ccs / recently?

Initial days when hunger was enormous.

 

[pprakash11]

Initial days when hunger was enormous.

Then no point of me trying out now after getting a bunch of cards and getting declined with a hard hit.

 

[Dreamer]

Yeah. I have also received the email about these changes.
Time to close the card unless they provide LTF.
Does anyone know if HSBC provides LTF offers?

 

[shutapdiya]

Yeah. I have also received the email about these changes.
Time to close the card unless they provide LTF.
Does anyone know if HSBC provides LTF offers?

If LTF card is your requirement, try asking HSBC for Visa Platinum or Smart Value card in place of Cashback Card
Those are by default LTF

 

[Sai Ganesh]

If LTF card is your requirement, try asking HSBC for Visa Platinum or Smart Value card in place of Cashback Card
Those are by default LTF

Yes speak to their customer care and ask for an exchange/flip of the cards from CB to VP or SV . They will do it for sure.

 

[Sai Ganesh]

Yes this is a major devaluation.

Especially 2L waiver option is more as it has only major advantage of discount at Amazon and that too upto 250 rupees and they have introduced joining fees as well.

So most probably many persons may close this card.

 

[vijaypathak077]

Will it give 10% cashback at dmart and standalone restaurant?

 

[shutapdiya]

Yes this is a major devaluation.

Especially 2L waiver option is more as it has only major advantage of discount at Amazon and that too upto 250 rupees and they have introduced joining fees as well.

So most probably many persons may close this card.

I would prefer to continue this card till Card Anniversary and then flip it for Visa Platinum just to have some card for HSBC offers

 

[shutapdiya]

Will it give 10% cashback at dmart and standalone restaurant?

It should give but try after 26 Aug only

 

[Dreamer]

If LTF card is your requirement, try asking HSBC for Visa Platinum or Smart Value card in place of Cashback Card
Those are by default LTF

Thanks for the guidance.

 

[Sai Ganesh]

I would prefer to continue this card till Card Anniversary and then flip it for Visa Platinum just to have some card for HSBC offers

Yes ji correct.

 

[himanshu15]

Anyone has idea that if we spend 1 lakh before 26 August then card fee will be waived off next year also or we have to spend 2 lakh now?

 

[Sai Ganesh]

No its 1 Lakh as of now , from 26th August only this will be effective.

 

[shutapdiya]

Anyone has idea that if we spend 1 lakh before 26 August then card fee will be waived off next year also or we have to spend 2 lakh now?

My understanding is If your card anniversary date is before 26th August and you have spent 1 lac in that anniversary year then then your annual charges will be waived off.

But if its after 26th August then you may need to meet 2 lac in that anniversary year for waive off.

Get it clarified with customer care team