📌 Key Benefits
- 10% Cashback on Dining & Food Delivery Includes restaurants & apps; capped at ₹1,000/month (shared)
- 10% Cashback on Groceries Supermarkets & grocery spends included; part of same ₹1,000 cap
- 1.5% Unlimited Cashback on most other spends with no upper limit
- Welcome Benefit – ₹1,000 Cashback On ₹20,000 spend within 30 days + app login
- Airport Lounge Access 4 domestic visits/year (1 per quarter)
- Annual Fee Waiver ₹999 waived on ₹2,00,000 yearly spend
📌 Other Benefits
- Amazon Voucher ₹250 on applying online + video KYC
- Entertainment Cashback Movies & OTT earn 1.5% cashback
- Travel Cashback 1.5% cashback on travel spends (including international)
- Wide City Availability: Available in major metro cities across India
📈 Detailed Benefits Calculation (Very Important)
🔹 Cashback System
- 10% cashback (capped at ₹1,000/month) → Max benefit = ₹1,000
- 1.5% cashback (unlimited)
✅ Example 1: Normal Monthly Usage
Assumption:
- ₹40,000 monthly spend
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Total Spend: ₹40,000
Total Cashback: ₹1,450
👉 Effective Return = 3.6%
🚀 Example 2: Optimized Monthly Usage (Max Cashback Strategy)
Assumption:
- ₹60,000 monthly spend
- Maximize 10% categories
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Additional Benefits:
- Lounge value: ~₹800/year (~₹65/month)
👉 Total Monthly Value = ₹1,000 + ₹750 = ₹1,750
👉 Effective Return ≈ 2.9%
⚠️ Key Observations:
- 10% cashback maxes out at ₹10,000 spend/month
- Beyond that, only 1.5% applies
- Still one of the best cashback cards for food + grocery
📌 Card Best For
- Food lovers (dining + Swiggy/Zomato users)
- Grocery shoppers (supermarkets, daily expenses)
- Users spending ₹20K–₹60K/month
- Cashback-focused users (simple returns, no points)
⭐ Pros & Cons
✅ Pros
- High 10% cashback (rare in the market)
- Simple cashback (no redemption hassle)
- Good base rate (1.5% unlimited)
- Lounge access + welcome bonus
❌ Cons
- ₹1,000 monthly cap on 10% category
- Annual fee slightly high (₹999)
- Limited to selected cities for the application
- No premium travel benefits beyond the lounge
📌 Eligibility Criteria
- Income: ₹6 lakh+ annually (salaried)
- Age: 18–65 years
- Location: Selected cities only
- Credit Score: 750+ recommended
🎯 Fees & Charges
- Joining Fee: ₹999
- Welcome: ₹1,000 cashback + ₹250 Amazon voucher
- Annual Fee: ₹999
- Waived on ₹2,00,000 yearly spend
- Interest Rate: Not specified (~3–3.5% monthly typical)
- Late Payment Charges: As per HSBC policy
- Forex Markup: Not specified (~3.5% assumed)
📢 User Tips / Expert Tips
- Spend exactly ₹10,000/month on dining + grocery to maximize 10% cashback
- Use for Swiggy, Zomato, and supermarkets regularly
- Use remaining spends for 1.5% cashback (still strong base rate)
- Avoid overspending in 10% category beyond the cap
- Hit ₹2L yearly spend to waive the fee
📌 How to Apply & Documents Required
📝 Application Process:
- Apply online via the HSBC website
- Complete video KYC
- Log in to the HSBC app for the welcome benefit
📄 Documents Required:
- PAN Card
- Address proof (Aadhaar, etc.)
- Salary slip (for salaried users)
- Additional Documents if requested
🔍 FAQs (Must Know)
Q1. What is the maximum cashback I can earn monthly?
₹1,000 from 10% category + unlimited 1.5% on others.
Q2. Which spends get 10% cashback?
Dining, food delivery, and grocery spends.
Q3. Is cashback automatic?
Yes, it is credited directly (no redemption needed).
Q4. How to waive the annual fee?
Spend ₹2,00,000 in a year.
Q5. Is this card good for online shopping?
Yes, but only 1.5% cashback (not the highest in the market).
Q6. Does it offer lounge access?
Yes, 4 domestic visits per year.
Q7. Is this card worth it overall?
Yes, especially for food + grocery-heavy users.
📢 Final Verdict (Expert Insight)
This is a top-tier cashback card for food & grocery spending, offering real 10% savings (up to ₹1,000/month).
If your lifestyle includes frequent dining + grocery shopping, this card delivers excellent real-world value.
