Imagine getting money back for doing things you already enjoy – like eating at your favourite restaurants, fueling your car, or shopping for groceries. Sounds amazing, right? With the HSBC Cashback Credit Card, your daily spending can give you rewards. This guide will explain everything about this credit card, including its benefits, how to apply, fees, and more.
HSBC Cashback Credit Card Overview
The HSBC Cashback Credit Card offers great value and generous cashback on daily spending. Whether you love shopping, travelling, or dining out, this card benefits everyone.
HSBC Cash Credit Card Benefits:
Earn Cashback All Year Round
With this card, you can get cashback on your daily spending throughout the year. Enjoy up to 5% cashback on various purchases, lifestyle, dining, and travel rewards.
Special Offers
- Up to AED 800 Cashback: Receive AED 600 when you apply for selected credit cards, AED 100 when you use your card with your mobile wallet for the first time, and AED 100 when you apply for your first supplementary card and make a transaction with it. Offer valid till 31 July 2024. Terms and conditions apply.
Why Choose the HSBC Cashback Credit Card?
1. Earn Cashback on Everyday Spending
Earn cashback rewards on eligible purchases.
2. Annual Fee Waiver
No annual fee for the first year. From the second year, pay no fee if you spend at least AED 12,000 annually.
3. Interest-Free Days
Enjoy up to 56 days of no interest on purchases if you pay your balance in full each month.
4. Careem Plus Subscription
Get a free 12-month Careem Plus subscription when you add and use your HSBC credit card on the Careem app.
Calculate Your Cashback
Enter your planned spending on fuel, groceries, education, and other expenses to estimate your monthly and yearly cashback.
Example Calculation:
- Fuel Spending: AED 1,000 per month
- Grocery Spending: AED 2,000 per month
- Education Spending: AED 5,000 per month
- Other Spending: AED 5,000 per month
Estimated Cashback:
- Monthly: AED 215
- Yearly: AED 2,580
Discover More Cashback Features
1. 5% Cashback
- Earn more than 5% cash back on everyday spending, including:
- 5% on fuel (up to AED 200) and 2% on groceries and education (up to AED 200) per statement cycle if you spend at least AED 3,000 a month.
- 0.5% cashback on all other spends and if you spend less than AED 3,000 a month.
2. Enjoy More Rewards
- Access over 10,000 Buy 1 Get 1 Free offers on food deliveries, dining out, spa days, and getaways with the HSBC ENTERTAINER app.
- Get discounts at over 400 restaurants in the UAE.
- Get up to buy 1 get 1 free movie ticket every month, and 20% off food and drinks at cinemas across the UAE.
- Access over 200 dining, retail, and accommodation offers across the MENA region with the Timeout and Golf Access Programme.
Travel Benefits
- Booking.com Discount: Get up to 8% off accommodation when you book with your credit card.
- DragonPass Dine & Travel: Save at over 200 airport restaurants worldwide.
- Lounge Access: 12 complimentary visits to over 1,000 lounges a year with an international purchase worth USD 1 made at least 15 days before travel.
Additional Benefits
1. Home & Away Offers
Get deals on shopping, travel, dining, and more worldwide.
2. Multi-Trip Travel Insurance
Complimentary cover up to USD 500,000 for trips up to 90 days.
3. Extended Warranty
Automatic extended warranty on purchases made in full with your card, doubling the original manufacturer’s warranty for up to 1 year.
4. 24-Hour Concierge
Visa Concierge assists with restaurant bookings, travel plans, and more.
5. Digital Cards
You can add your HSBC UAE cards to your digital wallet for contactless purchases.
6. Fraud Protection
Covered for fraudulent transactions up to USD 2,500 per claim and up to USD 4,000 yearly.
HSBC Cashback Credit Card Eligibility:
To be eligible for the HSBC Cashback Credit Card, you need to:
- Be at least 21 years old.
- Earn at least AED 10,000 per month.
- Live in the UAE.
These requirements help make sure you have a steady income and can manage the card responsibly.
HSBC Cashback Credit Card Requirements:
Here are the documents you need:
Proof of ID:
- Passport
- Emirates ID
- Residence visa if you’re not a GCC national
Proof you’re a UAE resident (choose one):
- Tenancy agreement or EJARI
- Title deeds if you own a home
- Utility bill not older than 2 months
Proof of income:
- Last 2 bank statements showing your salary, or
- 2 salary credits into your HSBC account
- Salary certificate from your employer from last month
For an additional card:
- Passport and Emirates ID of the additional cardholder
After acceptance:
- A security cheque worth 120% of your credit limit
HSBC Cashback Credit Card Annual Fee:
This credit card has the following annual fee structure:
- First Year: No annual fee.
- Subsequent Years: AED 313.95, including VAT.
This fee is waived if you spend at least AED 12,000 annually from the second year onwards.
HSBC Cashback Credit Card Credit Limit:
The credit limit for the HSBC Cashback Credit Card is different for everyone. It depends on your income, credit history, and HSBC’s review. You need to apply for the card to find out your specific credit limit. HSBC will then check your details and set a limit that fits your financial situation.
How to Apply For HSBC Cashback Credit?
Here’s how to apply for the HSBC Cashback Credit Card online:
- Visit this URL.
- Scroll down and click “Apply Now”.
- Select the right option of whether you are an existing customer or new to HSBC.
- Select your UAE residency status.
- Click “Next”.
- Select the nature of your employment, whether you will transfer your salary, company name and average monthly balance.
- Click “Find Credit Card”.
- You will get the options of credit cards according to your eligibility.
- Click “add credit card” on your desired credit card.
- Click on that credit card and click “Apply”.
- Then you can enter your details full name, email address, contact phone number etc.
- Once the banking authorities receive your request, they will get in touch with you regarding the further steps.
Final Takeaway:
With this, we can confidently say that the HSBC Cashback Credit Card is a great choice for people in the UAE. It offers a lot of cashback on different types of spending. Its easy-to-use features and strong customer support from HSBC make it perfect for anyone who wants to get the most rewards from their daily spending.
This guide explains the benefits, fees, eligibility, and how to manage the card so you can decide if it’s right for you and enjoy all its advantages.
Do you want to know more about HSBC credit cards? Well, then, you are in the right place. We’ve covered everything about the best HSBC credit cards in the UAE that you might want to check out.
