HSBC Credit Cards

HSBC offers a range of credit cards that cater to diverse financial needs, from cashback rewards to travel perks. Each card provides unique benefits designed to meet different customer requirements. Whether you're seeking lifestyle advantages, savings on daily expenses, or travel rewards, HSBC has all card options for you. Explore the key features, benefits, fees, and how you can apply for an HSBC credit card that suits your needs.

Here’s an overview of the key features and benefits of HSBC credit cards:

Credit Card Rewards

Earn reward points on all eligible purchases, redeemable for shopping, travel, and other lifestyle benefits.

Balance Conversion

Convert large purchases into affordable Equated Monthly Instalments (EMIs), allowing you to manage your finances easily.

Balance Transfer

Transfer your outstanding balance from other credit cards to an HSBC card, benefiting from competitive interest rates and flexible repayment options.

Cash on EMIs

Use your credit limit to withdraw cash when needed and repay this amount through monthly instalments.

Instant EMI

Purchases made with HSBC credit cards can be converted into EMIs, making financial management stress-free.

Loan on Phones

Cardholders can use HSBC mobile banking to convert purchases into convenient instalment loans, offering quick financial solutions.

Google Pay

HSBC credit cards are compatible with Google Pay, allowing seamless and secure contactless payments worldwide.

Fuel Surcharge Waiver

Enjoy fuel surcharge waivers, saving up to ₹3,000 annually, making daily fuel expenses more economical.

The HSBC credit card reward programme allows cardholders to earn points on purchases, which can be redeemed for various rewards. The programme varies by card type and transaction type:

• HSBC Premier Credit Card: Earn 3 points per ₹100 spent

• HSBC Platinum Credit Card: Earn 2 points per ₹150 spent

 

These points can be redeemed for:

• Gift vouchers from leading brands

• Air miles for frequent flyers

• Charity donations for social impact

• Annual fee waivers to offset costs

Rolling Expiry System

Most HSBC cards follow a rolling expiry system based on the card’s validity. For example, points earned in the 1st year will expire at the end of the 2nd year, if unredeemed. However, points earned on HSBC Premier credit cards do not expire.

Redemption Options

Points can be redeemed for a wide variety of rewards, including annual fee waivers, gift vouchers, and air miles, either via the HSBC mobile app or online banking portal. Reward points cannot be converted into cash or used for cash advances.

The process of applying for an HSBC credit card is straightforward. However, applicants must meet a few eligibility criteria to be approved. Below are some of the key requirements:

• Applicants must be between 18 and 65 years of age

• Applicants must be Indian citizens

• Applicants must reside in one of the following cities: Chennai, Delhi, Gurgaon, Pune, Noida, Mumbai, Hyderabad, Bangalore, Kochi, Coimbatore, Jaipur, Chandigarh, Kolkata, or Ahmedabad

• Salaried applicants must have a minimum annual income of ₹4,00,000

When applying for an HSBC credit card, you must provide minimal documentation to verify your financial capability and identity. Below is the list of required documents:

• Identity proof, such as Aadhaar card and PAN card

• Residence proof, such as Aadhaar card or utility bills

• Income proof, like the latest salary slip for salaried employees

• If using another credit card, provide a copy of the front of the card and the latest credit card statement

HSBC credit cards are currently not available on Bajaj Markets. However, if you wish to apply, here’s how you can proceed:

• Visit the HSBC website, go to the credit card section, and click ‘Apply Now’ to begin the application process

• You can contact HSBC customer support, and a representative will assist you with the application process at your residence

• Alternatively, visit your nearest HSBC branch to speak with a customer service representative

 

Keep all required documents handy to expedite the approval process.

HSBC is one of the world’s largest banking institutions, serving crores globally with a presence in over 64 countries. Founded in 1865, HSBC offers a broad range of services, including retail and corporate banking, wealth management, and more. In India, HSBC provides tailored financial solutions, such as credit cards, to meet diverse customer needs. HSBC ensures customer convenience through mobile payments, robust support, and a focus on sustainability and corporate responsibility.

HSBC has associated itself with leading payment networks that are recognised across the globe. This level of integration ensures that transactions are seamless, wherever you are in the world. The two primary networks supported by HSBC are Visa and Mastercard, and each network offers cards with unique benefits, catering to a wide variety of users.

A credit card has several benefits that allow you to manage your expenses and finances better. However, it is important to understand that there are certain fees and charges associated with HSBC credit cards that you must be aware of, and these differ from one card to another. Here are some of them:

Annual Fees

The annual fee varies depending on the card type, with premium cards typically having higher fees. Some cards may even have no annual fees.

Interest Rate

Interest is charged on the outstanding balance if not paid in full on or before the due date.

Late Payment Fees

This fee is applied when payments are not made by the due date.

Cash Advance Fees

If cash is withdrawn using your credit card, a cash advance fee will be applicable.

Over-limit Fees

If you exceed the credit limit set for your card, an over-limit fee will apply.

Foreign Transaction Fees

A percentage of the transaction amount in foreign currency will be charged as a fee for transactions made abroad.

Balance Transfer Fees

If you use the balance transfer facility to transfer balances from other credit cards to an HSBC credit card, fees will apply.

Disclaimer: The fees and charges listed above are subject to change in HSBC’s policies. Refer to HSBC’s official website for the latest terms and conditions.

HSBC provides robust customer support for credit card-related queries. You can contact them through the following means:

Contact Numbers

Premier card support is available 24/7; other card queries are handled from 6:30 AM-8:30 PM.

Email ID

You can raise a service request by writing to: cardsupport@hsbc.co.in

Web and Mobile Chat 

Connect with customer support via web or mobile chat for quicker responses. Simply log into your NetBanking account and click the ‘Chat’ icon. This service is available from Monday to Saturday between 8:30 AM and 8:30 PM.

Write

In case of a lost credit card, you can write to:

‘The Manager, Credit Cards, Post Box Number 5080, Chennai – 600 028’.

The entire process of activating your HSBC credit card takes less than 60 seconds. Once you receive your credit card, sign the back of the card and call the 24/7 automated line on 0800-3281-370 to activate it.

You can initiate the process of closing your existing HSBC credit card using one of the following methods:

• Log in to your HSBC NetBanking account with your credentials and raise a cancellation request.

• Contact HSBC through the PhoneBanking facility and initiate a credit card closure request.

• Submit a written closure request at your nearest HSBC branch.

 

Once you have requested the closure, remember to cut your card across the chip and the magnetic stripe.

HSBC has clear practices for managing credit card defaults and overdues. Cardholders are regularly reminded about their outstanding balance through channels such as SMS, email, post, and third-party collection agencies that follow the Indian Banks' Association (IBA) code of conduct. If payment is not made within three days after the due date, HSBC provides a seven-day grace period before reporting the default to credit bureaus.