HSBC Smart Value Credit Card: Everything You Need To Know And How To Get Maximum Value From It

It’s no longer enough for credit cards to simply be used to pay for things – they have to earn you rewards, come with special offers, help you manage your money. One such card that is slowly being accepted by many is the HSBC Smart Value Credit Card. It provides some of the best cash back bonuses on spending in a variety of categories and its great for anyone who wants to supercharge their expenses. If you are the kind of person who love rewards and would want to earn cashback and other lifestyle benefits, then HSBC Smart Value Credit might be the right choice for you.

In this post, we will focus on the features, benefits, and other details of the HSBC Smart Value Credit Card and how it may help you. If you’ve been thinking about getting this card, or you’re just intrigued about how it works, this article will help you understand the value proposition it offers.

What is HSBC Smart Value Credit Card?

The HSBC Smart Value Credit Card is a cashback card that allows cardmembers to earn money back on the money they spent in the form of cashback. Online shopping, dining, and retail spends are some of the strong points of this card and is great for people who constantly use it for online and offline transactions. If you are booking travel, eating out, and shopping for the newest gadgets, this card makes sure that you maximize your cashback rewards on whatever you are buying, which makes it a great choice for those of us who are budget-minded.

Key Highlights of HSBC Smart Value Credit Card

Before we go in depth with the benefits, here are the key features of the HSBC Smart Value credit card which make it unique in the Indian credit card scenario.

Cashback on Every Purchase

What we like about the HSBC Smart Value Credit Card One of the most appealing points of the HSBC Smart Value Credit Card is the cashback programme. The card provides cashback on all qualifying purchases so you can be rewarded for the things you buy most. Here's the breakdown:

• 5% Online Cashback on all online spends (except government and education category)
  
  
• 1% Cashback on all other spend as dining, grocery, shopping.
  
  

This makes Smart Value Credit Card the perfect option for you if you shop online or eat out often, as it provides a significant rate of cashback on these expenses.

Annual Fee and Fee Waiver

The HSBC Smart Value Credit Card charges a nominal annual fee of ₹500(this card is charged as 1st year Free till June 2020) plus applicable taxes. This is one of the lower jumping-off points when it comes to the annual fee for premium credit cards. And, the best part is that the annual fee is waived off on a total spend of ₹50,000 or more across all purchases per membership year, making it an even more appealing choice for anyone planning to carry the card in their wallet.

Welcome Benefit

As a new cardmember, you’ll receive a welcome gift receipt from HSBC. This can be in the form of rewards points or a cheque, which makes the first encounter with your card a little bit sweeter.

Reward Points System

Although the primary emphasis of HSBC Smart Value Credit Card is on cashback, it comes with an extensive reward points program. These points can be earned by simply using your card frequently, and can then be converted into a range of products or services including booking a flight, a hotel room, gadgets and so on.

Fuel Surcharge Waiver

Yet another major benefit of HSBC Smart Value Credit Card is the fuel surcharge waiver. You can also save 1% on fuel transactions across all the petrol pumps in India, though this is not much, but still it is a great value if you are a frequent refueler.

Global Acceptance

As part of MasterCard network, HSBC Smart Value Credit Card is accepted at over 28 million outlets worldwide. Whether you’re making bricks and mortar or online payments, this card makes sure you are able to use it with any MasterCard merchant.

Advantages of the HSBC Smart Value Credit Card

So, now that we have laid out what this card really is in terms of features, let’s go deep into the actual benefits of the using the HSBC Smart Value Credit Card. These advantages are suitable for different applications from shopping to special occasions.

Cashbacks on Online Purchases

You get the card and enjoy 5% cash back for online shopping, which is perfect for those who love to shop in the comfort of their own home. So whether you are shopping for electronics or apparels or even groceries online, be rest assured that you are availing the best online offers on your HSBC Smart Value Credit Card.

Great Dining and Retail Benefits

Eating out, or shopping at your preferred stores can also bring you amazing rewards. For all other retail spends (dining, groceries, entertainment etc.) get 1% CashBack. If you are the type of person who likes to eat out or grab a coffee out, this is an easy way to earn some cashback without doing anything extra.

Easy Redemption of Rewards

Your reward points on the HSBC Smart Value Card can be easily redeemed for a host of options. You can redeem points for travel bookings, gadgets, gift cards and more. This liberal redemption system offers you the right to express yourself on what you want.

Low Annual Fee

One of the best features of this HSBC Smart Value Credit Card is its low annual fee worth ₹500 (Subjected to applicable taxes). Considering freebees, this isn't a bad price though, this makes it affordable for most with its pay to use system. Moreover, the fee can be reversed on a spend of ₹50,000.

Complimentary Lounge Access

The HSBC Smart Value Credit Card provides complimentary access to lounges at selected airports for frequent flyers. The perk can also help you unwind before your flight, grab a snack and take advantage of the lounge’s facilities while you wait for your boarding announcement.

Easy EMI Conversion

The card also offers you the facility to convert your purchases into easy EMIs, which could come in handy if you are making a big-ticket purchase. And with our flexible term you can manage your finances even easier.

How the HSBC Smart Value Credit Card Compares to Other Cards

HSBC Smart Value Credit Card vs.

Among other credit cards, in the same segment, the HSBC Smart Value Credit Card ranks higher as it offers attractive cashback rates on retail and online purchases. Reward points are a staple feature in many credit cards, but with the emphasis on cashback in this card, cardholders will continue to benefit without the hassle of juggling reward point systems.

The HSBC Smart Value Credit Card provides better savings on online spends and retail shopping against cashback centric cards like Citi Cash Back Card and ICICI Instant Platinum Credit Card. This puts the card among the best cashback credit cards.

Who Should Use the HSBC Smart Value Credit Card?

HSBC Smart Value Credit Card is ideal for:

Online Shoppers

For online shoppers this card is perfect, as it offers a 5% cashback on online shopping everywhere, from gadgets and other goods to your everyday essentials.

One for the Frequent Diners and Shoppers

If you are someone who dines out often (or simply enjoys shopping for groceries or other necessities), this card gives you cash back on all your purchases.

Budget-Strapped Folks

With a low annual fee and a possible fee waiver, those that want the reward earning without the hefty payment will like this card.

Conclusion

The HSBC Smart Value Credit Card is a good all round choice for those looking to earn cashback on all their daily expenses. Maybe you love shopping online, or you're a diehard foodie, or even just a regular Joe who likes to browse for goods — this card gives back to you. Its low annual fee, simple-to-earn rewards, and variety of benefits makes it an excellent option for anyone who wants to get the most out of their purchases without having to pay high fees.

If you need a credit card that offers both value and utility, you can’t really go wrong with the HSBC Smart Value Credit Card. So, do the smart thing and say yes to this great credit card today.