HSBC Smart Value Credit Card Review

General Information

Our Rating: 8.2/10

Joining Fee: Nil

Annual Fee: Nil

Best For: Shopping

Rewards and Benefits

Type of Rewards: Reward Points

Welcome Offers: 3 complimentary airport lounge access, an Amazon gift voucher worth Rs. 500, 10% cashback up to Rs. 1,000, and 50% discount on Google Pay.

Entertainment and Dining: NA

Shopping Perks: 1 Reward Points for every Rs. 100 spent on retail transactions and 3x RPs on dining, telecom categories, and all online spends.

Travel Benefits: NA

Domestic Lounge Access: NA

International Lounge Access: NA

Golf Benefits: NA

Insurance Coverage: NA

Fees and Charges

Waiver on Spend: NA

Redemption Fee: Rs. 50 per redemption request.

Foreign Transaction Fee: 3.5

Interest Rate: 1.99% to 3.49% per month.

Fuel Surcharge Waiver: 1% fuel surcharge waiver on all fuel transactions.

Cash Advance Fee: 2.5% of the withdrawn amount subject to a minimum of Rs. 500.

Summary

A credit card that is free for life. Get a cashback of 10% up to Rs. 1,000 within the first 30 days of getting the card. Earn up to 3 Reward Points for every Rs. 100 spent using the HSBC Smart Value Credit Card. Enjoy complimentary access to airport lounges as an introductory offer. Receive an Amazon gift voucher worth Rs. 500 as a welcome benefit. The card has variable interest rates. Avail cashback offers upon reaching monthly spending goals. Enjoy a waiver of 1% fuel surcharge.

The HSBC Smart Value Credit Card is an excellent choice for shoppers looking for a rewarding credit card experience.

With no joining fee or renewal fee, this card offers great value right from the start.

The reward type for this card is Reward Points, making it ideal for those who love earning rewards on their purchases.

For every Rs. 100 spent on retail transactions, you'll earn 1 Reward Point.

Additionally, dining, telecom categories, and all online spends will earn you 3 times the Reward Points.

This means you'll be earning points on a wide range of expenses.

When you first get this card, you'll enjoy a welcome benefit that includes 3 complimentary airport lounge access, an Amazon gift voucher worth Rs. 500, 10% cashback up to Rs. 1,000, and a 50% discount on Google Pay.

This welcome benefit adds significant value to the card from the get-go.

There are some limitations to consider, as this card does not offer specific benefits for movie dining, travel, domestic lounge access, international lounge access, golf, or insurance.

However, the focus of this card is clearly on shopping and earning Reward Points in that category.

It's important to note that there is a rewards redemption fee of Rs. 50 per redemption request.

While this fee is relatively small, it's worth considering if you plan on redeeming your points frequently.

Foreign currency transactions will be charged a 3.5% markup, so it may not be the best card to use for international purchases.

However, for Indian shoppers, the card offers a 1% fuel surcharge waiver on all fuel transactions, which can be a significant saving.

If you need to withdraw cash using this card, there is a cash advance fee of 2.5% of the withdrawn amount, with a minimum of Rs. 500.

It's worth keeping this in mind if you anticipate needing to use your credit card for cash advances.

In terms of interest rates, this card offers a range of 1.99% to 3.49% per month.

As with any credit card, it's advisable to pay off your balance in full each month to avoid accruing interest charges.

Overall, the HSBC Smart Value Credit Card is a great choice for shoppers who want to earn rewards on their purchases.

With its welcome benefits, ongoing rewards, and fuel surcharge waiver, it offers excellent value for money.