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HSBC Smart Value Credit Card

Product Details
Credit Card Name : 

HSBC Smart Value Credit Card

Bank Name :

HSBC Bank

Type :

Shopping Credit Card

Interest Rate : 

The interest rate on the Smart Value Credit Card is dynamic, starting from 3.49% per month (41.88% per annum) that can go down up to 1.99% per month (23.88% per annum) depending upon the customer's risk profile.

Eligibility :

You must be aged between 18 to 65
Your annual income must be at least INR400,000 per annum (for salaried individuals)
You must be an Indian resident
You must reside in any of the following cities: Bangalore, Chennai, Gurgaon, Hyderabad, Mumbai, New Delhi, Noida, Pune

HSBC Smart Value Credit Card
Pros
  • Nil joining and annual fees 

  • 10% Cashback up to INR1,000 in the first 60 days of issuance 

  • 3X Rewards on online, dining & telecom spends 

  • Attractive Instalment plans at 10.99% per annum for EMI products booked within first 90 days of card issuance 

  • Up to INR3,000 annual savings on fuel surcharge 

  • Complete your credit card application online & win a BookMyShow e-Gift voucher worth INR250. 

  • Welcome benefit also provided to the new customers. 

  • EMI products available such as- Cash-on-EMI Balance transfer Loan-on-phone Balance conversion Instant EMI

Cons
  • No domestic or international lounge access facility available.

Pros & Cons
Welcome Benefits
  • Use the card to make a purchase within 30 days of card issuance and get a Cleartrip voucher worth Rs.2,000. 

  • The vouchers will be sent to you within 60 days after completing 30 days from card issuance. 

  • Make a minimum of 5 purchase transactions of total worth Rs.5,000 or more within first 60 days of card issuance and get 10% cashback on the spent amount. 

  • The cashback amount is, however, capped at Rs.1,000 per customer. 

  • For products booked within 90 days of the card issuance, you can avail attractive EMI instalment plans at 10.99% per annum.

Rewards System
  • Get 1 reward point for every INR100 spent. 

  • Reward points can be redeemed for a host of gifts and vouchers available on our rewards catalogue. 

  • Reward points validity for 2 years. 

  • 1RP = 0.35 paisa. Effective cashback rate = 1%

International Forex Markup
3.5% on all foreign currency transactions.
Welcome Benefits and Reward System
Special Features
None
Eligibility Criteria

You must be aged between 18 to 65
Your annual income must be at least INR400,000 per annum (for salaried individuals)
You must be an Indian resident
You must reside in any of the following cities: Bangalore, Chennai, Gurgaon, Hyderabad, Mumbai, New Delhi, Noida, Pune

Benefits
  • Nil joining and annual fees 10% Cashback up to INR1,000 in the first 60 days of issuance 

  • 3X Rewards on online, dining & telecom spends Attractive Instalment plans at 10.99% per annum for EMI products booked within first 90 days of card issuance 

  • Up to INR3,000 annual savings on fuel surcharge 

  • Complete your credit card application online & win a BookMyShow e-Gift voucher worth INR250. 

  • Welcome benefit also provided to the new customers. 

  • EMI products available such as- Cash-on-EMI Balance transfer Loan-on-phone Balance conversion Instant EMI

Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
  • Visit the HSBC India website. 

  • Click on the "Credit Cards" tab. 

  • Select the "Smart Value Credit Card". 

  • Click on the "Apply Now" button. 

  • Fill in the application form with your basic details, such as your name, PAN number, date of birth, father's name, occupation type, company name, marital status, and address details. 

  • Submit your application. 

  • A representative from HSBC will call you to complete the KYC process. 

  • Required documents: PAN card Aadhaar card Income proof (salary slip or Form 16 for salaried individuals, and income tax returns for self-employed individuals) 

  • Once your application is approved, you will receive your HSBC Smart Value Credit Card within a few days.

Contact Details

HSBC Personal Banking / Credit Cards 1800 267 3456 1800 121 2208

Account Opening and Procedure
HSBC Smart Value Credit Card

The HSBC Smart Value Credit Card is a good choice for those seeking a free card with basic rewards and benefits. It offers welcome gifts, decent earning potential in specific categories, and everyday conveniences like fuel surcharge waiver and contactless payment. However, the lower base reward rate and limited redemption options might not be ideal for high spenders or those seeking maximum value from their credit card.

Abhijeet Saxena

Abhijeet Saxena

Abhijeet Saxena

Nalsar University of Law

Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi

Ex - Khaitan & Co. Bengaluru,

Ex - National Stock Exchange, Mumbai,

Ex - Argus Partners, Mumbai

Product Review
Fees & Charges
  • Joining Fee-NIL, 

  • Annual Fee-NIL 

  • Cash advance fee: 2.5% of the cash withdrawn or Rs 500. (Whichever is higher) 

  • Interest Rates: 3.49% per month (41.88% per annum) 

  • Late payment fee (Charged if minimum amount due does not reach HSBC within 3 days of payment due date- Subject to a minimum of `250 and a maximum of `1,200 per month 

  • Foreign Currency Transactions Fees: 3.5%. 

  • Reward Redemption Fees: Rs. 50 per request

Fuel Surcharge
  • 1% fuel surcharge waiver on all fuel transactions.

  • The waiver is applicable for fuel purchases between INR400 and INR4,000 (both inclusive) per transaction.

Billing Cycle

30 Days

Fees & Charges
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