Credit cards are an invaluable tool for managing finances during times of cash crunch. Over the years, they have become an essential part of our lives, thanks to their convenient usage and simple repayment options.
Life can be rewarding with the HSBC Visa Cashback Credit Card as it provides the guaranteed cashback on any transaction made with the card. This HSBC credit card allows its cardholder to earn up to 10 percent cashback. In addition to providing amazing cashback, this card offers several other benefits on online spends, retail products, hypermarket, fuel, and all other spends. Therefore, this HSBC cash back credit card provides its cardholders amazing saving opportunities while spending.
The HSBC Visa Cashback Credit Card comes with a wide range of amazing and unique features. Here is a list of all of them:
Packed with a wide range of benefits, offers, and rewards, the HSBC Visa Cashback Credit Card redefines the lifestyle of the cardholders while giving them a truly rewarding experience. Given below are some of the main benefits of this cash back credit card:
Privileges & Rewards
Credit Shield Plus offers insurance coverage for the situations where the cardholder is unable to pay off their debt in the unfortunate event of:
The monthly premium for Credit Shield Plus (CSP) will be 0.60 percent of the monthly outstanding amount on the HSBC credit card. If card members don’t have any outstanding amount on their HSBC cash back credit card statement date then they would be no fee for CSP.
*Please note that the credit Shield Plus is offered by American Life Insurance Company (MetLife).
The basic eligibility to apply for HSBC Visa Cashback Credit Card is given below:
*Important Note: No account with HSBC is required to apply for this HSBC cash back credit card.
The HSBC Visa Cashback Credit Card grants a wide range of offers on dining, travel, and entertainment to its card members. Few of them are given below:
No annual fee for the first year
Earn up to 10% cashback on your everyday spends
Automatic credit of cashback every month
Some top reasons to get this HSBC cash back credit card are discussed below:
The cardholder can apply for supplementary HSBC Visa Cashback Credit Card for his/her family members including siblings, parents, spouse, and children. Not only this, member of this HSBC credit card can share the amazing benefits of this card with their friends as well. Best of all, supplementary HSBC Visa Cashback Credit Card are offered at no cost. Therefore, the cardholder can avail an unlimited number of free supplementary cards.
Balance Transfer is the most amazing feature of this HSBC credit card wherein the cardholder can transfer the outstanding balance from other credit card to the HSBC Visa Cashback Credit Card and repay in easy monthly installments.
As named as HSBC Visa Cashback Credit Card, this card is specially designed to maximize saving while spending. Members of this HSBC cash back credit card can enjoy up to 10 percent cashback on their everyday spends. The cashback will be automatically credit to their account every month. Above all, there is no minimum spending required to enjoy cashback.
Members of this HSBC credit card can use the new and advanced pay of payment i.e. Apple Pay & Samsung Pay. It is not only the fastest, easiest, and simplest way of doing payments but also it is accepted everywhere.
Following are the fees & charges associated with the HSBC Visa Cashback Credit Card:
|Types of Charges||Charges|
|Annual fee of the Primary Card||Free for the first year and from the second year onwards waiver subject to minimum spending on the card. If the cardholder doesn’t meet the minimum spend, he/she will have to pay the annual fee of AED 299 (AED 313.95 inclusive of VAT)|
|Annual fee of the Supplementary Cards (shared limit)||Free|
|Finance charges/interest on retail purchases||3.25% per month|
|Finance charges/interest on cash withdrawals||3.25% per month|
|Cash withdrawal/advance charges||3% (3.15% inclusive of VAT) of the total amount or AED 100 (AED 105 inclusive of VAT), whichever is greater|
|Charges of card replacement||Free|
|Late Payment Charges||AED 230|
|Over Limit Charges||AED 250 ( AED 262.5 inclusive of VAT)|
|Charges of Returned Cheque||AED 100|
|Retrieve a copy of sales slip||AED 25 ( AED 26.25 inclusive of VAT)|
|Dispute verification Charges||AED 100 (AED 105 inclusive of VAT)|
|Foreign Currency Processing Fee(Applicable on all the transactions that are not in the billing currency)||2% (2.1% inclusive of VAT) of the foreign currency transaction amount as converted into the billing currency|
|Credit Shield Plus||0.60% of the outstanding amount|
|Charges of credit card paper statement||AED 10 (AED 10.50 inclusive of VAT) per statement|
|Service charges of urgent delivery of the credit card||AED 100 (AED 105 inclusive of VAT)|
|Liability Letter Charges||AED 50 (AED 52.5 inclusive of VAT)|
|No Liability Certificate Charges||AED 50 (AED 52.5 inclusive of VAT)|
|Balance Transfer (BT) Fee||
|Cash Instalment Plan (CIP)||
|Flexi Installment Charges (FIP)||
|Valet Parking Services in specific locations||N/A|
An applicant can apply for HSBC credit card in UAE by visiting any HSBC branch, submitting an online application or via phone.
The easiest way of applying for an HSBC Credit Card is through online. An applicant is simply required to visit the official website of HSBC and click on the personal banking tab from the top bar. From the personal banking section, click on the credit cards, apply for the HSBC Visa Cashback Credit Card. Now the applicant is required to fill in the essential details in the application form and provide all the essential details along with it. Then, he/she need to submit the application form. Upon successful submission, the HSBC representative will call the applicant within 3-5 working days.
Alternatively, an applicant can visit the nearest HSBC branch and apply directly for the HSBC Visa Cashback Credit Card.
Applicants have also an option to apply for this HSBC credit card through the phone. They can contact an HSBC representative via phone on:
a.) 600 55 4722 within UAE, and
b.) +971 422 88 007 outside the UAE
An applicant is required to submit the following documents for completing the HSBC Visa Cashback Credit Card application:
Q1: What is the credit limit on the HSBC Visa Cashback Credit Card?
Ans: The credit limit on HSBC Visa Cashback Credit Card will be communicated to you by HSBC at the time of card issuance. However, you can also find it in your credit card statement which is generated every month.
Q2: How can I pay my HSBC Visa Cashback Credit Card bill payment?
Ans:You can easily pay your HSBC credit card bill using any of the ways given below:
Q3: What is a Flexi Installment Plan?
Ans:This is a repayment plan that allows you to repay one of your purchases from an eligible merchant by monthly installments over a pre-determined period of time at 0% interest.
Q4: What is the minimum spend required to enjoy cashback with this HSBC cash back credit card?
Ans:To enjoy cashback, there is no minimum spend required. You will definitely get the cashback on your every retail spend. So, use this card to maximize savings while spending.
Q5: How can I close my HSBC credit card account?
Ans:You can follow any options that are given below in order to close your HSBC credit card:
Do not forget to cut your card into pieces, post-submission of your credit card closure request.