HSBC Smart Value Credit Card
MyRupaya Ratings
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
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
Welcome Benefits and Reward System
Special Features
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
Recommended Credit Cards
Pros:-
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Cons:-
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
No domestic or international lounge access facility available.
HDFC Bank Biz Power Credit Card
The card is a premium credit card with a number of value add features. This card offers cashback on even tax and GST payment. Overall it is a must have card for small business owners/ freelancers.
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