Best Credit Cards With the Lowest Interest Rates in 2023
Credit cards are like loans from a bank, but without needing collateral. They come with high-interest rates, sometimes as much as 3.5% per month or 50% per year. While you get about 45-50 days to pay without interest, some people struggle to pay on time.
It’s smart to find credit cards with the lowest interest rates because it makes it easier to manage your payments and budget for the next month. Here’s a list of the best credit cards with low interest rates in India.
Table of Contents
Best Credit Cards With the Lowest Interest Rates
♦ Simplysave Advantage SBI Card
Fee and Charges
| Fees Type | Charges |
| Joining Fee | ₹ 499 + GST (per annum) |
| Renewal Fee | ₹ 499 + GST (per annum) |
| Add-on Fee | Nil |
Privileges
- Value Back: Earn 10 Reward Points per Rs 150 spent on Dining, Movies, Departmental Stores, and Grocery Spends. For all other spending, you get 1 Reward Point per ₹ 150 spent (Value of 4 Reward Points = ₹ 1).
- Worldwide Acceptance: The card is accepted at over 24 million outlets globally, including 325,000 outlets in India.
- 0% Fuel Surcharge: No 1% fuel surcharge when you spend between ₹ 500 to ₹ 3,000 at any petrol pump (in India).
- Spend Based Reversal: The annual membership fee will be waived for the second year if your spending in the previous year was ₹ 1,00,000 or higher.
Features of Simplysave Advantage SBI Card
- Reward Point: Earn 1 Reward Point for every ₹ 150 spent. Use Reward Points to pay your card balance or redeem a variety of gifts.
- Welcome Offer: Get ₹ 100 cashback on your first ATM cash withdrawal within 30 days of card receipt.
- Contactless Advantage: Simplify daily purchases with contactless transactions. It’s fast, secure, and reduces the risk of card loss or fraud.
- Worldwide Acceptance: Use your card in over 24 million outlets globally and 325,000 outlets in India.
- Add-on Cards: Provide your family with add-on cards for family members above 18.
- Cash on the Go: Withdraw cash from over 1 million Visa or MasterCard ATMs worldwide.
- Utility Bill Payment Facility: Pay various utility bills using the Easy Bill Pay facility on your card.
- Balance Transfer on EMI: Transfer balances from other credit cards, avail a lower interest rate, and pay in EMIs.
- Flexipay: Convert purchases of ₹ 2,500 or more into EMI.
Payment Settlement Order
When making payments for a cardholder account, the settlement order is as follows:
- Minimum Amount Due: This includes all applicable taxes, EMI payments for EMI-based products, and 5% of the Total Outstanding amount.
- Fees & Other Charges: Any fees and additional charges associated with the account.
- Interest Charges: The interest accrued on the outstanding balance.
- Balance Transfer Outstanding: If there’s any balance related to a balance transfer.
- Purchase Outstanding: The outstanding balance resulting from purchases made using the card.
- Cash Advance: Any outstanding balance from cash advances taken on the card.
This order of payment settlement helps ensure that the minimum required payment is prioritized, followed by fees, interest, and the various outstanding balances associated with the account.
Direct Apply Link
Frequently Asked Questions (FAQs) about Simplysave Advantage SBI Card
Q: What is the use of SBI Simply Save card?
A: The SBI Simply Save credit card offers a range of benefits, including cashback on everyday expenses, making it ideal for those looking to save money while spending.
Q: Is SBI Simply Save credit card good or bad?
A: Whether the SBI Simply Save credit card is good or bad depends on your spending habits and financial needs. It can be an excellent choice for cashback enthusiasts and those who frequently dine out, shop for groceries, or watch movies.
Q: What is the maximum limit for SBI Simply Save credit card?
A: The credit limit on the SBI Simply Save credit card varies from person to person and is determined based on factors such as income, credit history, and other eligibility criteria.
Q: Is SBI Simply Save Card lifetime free?
A: The SBI Simply Save credit card may come with an annual fee, but it can often be waived if you meet specific spending requirements. Check with SBI for the most up-to-date fee structure.
Q: Can I withdraw cash from SBI Simply Save card?
A: Yes, you can withdraw cash using your SBI Simply Save credit card, but it is subject to cash advance fees and interest charges.
Q: What is the fuel charge on the Simply Save credit card?
A: The SBI Simply Save credit card offers a fuel surcharge waiver, allowing you to save on fuel expenses when you use the card for fuel transactions. The specific rate may vary and is subject to change.
Q: Can I use Simply Save SBI card for online shopping?
A: Yes, you can use the SBI Simply Save credit card for online shopping, and you may also earn cashback on eligible online purchases.
Q: What is the interest rate of SBI Simply Save card?
A: The interest rate on the SBI Simply Save credit card, like most credit cards, can be relatively high. It is advisable to pay your outstanding balance in full to avoid interest charges.
Also Read This: Top 10 Credit Cards with a $10000 limit – Guaranteed Approval
♦ HDFC Infinia Credit Card
Fee and Charges for Infinia Metal Card
| Fees Type | Charges |
| Joining Fee | ₹ 12,500 + GST (per annum) |
| Renewal Fee | ₹ 12,500 + GST (per annum) |
| Minimum Spend for Waiver of Annual Membership Fee | ₹10 Lakh (per annum) |
| Fuel Transaction Surcharge | 2% + GST |
| Foreign Currency Transactions | 3% of Transaction Value |
Fee and Charges for Infinia Card
| Fees Type | Charges |
| Joining Fee | ₹ 10,000 + GST (per annum) |
| Renewal Fee | ₹ 10,000 + GST (per annum) |
| Minimum Spend for Waiver of Annual Membership Fee | ₹8 Lakh (per annum) |
| Fuel Transaction Surcharge | 2% + GST |
| Foreign Currency Transactions | 3% of Transaction Value |
Exquisite Rewards
HDFC Bank Infinia Credit Card offers exquisite rewards and numerous benefits, making it a premium choice for cardholders. Here’s a list of its key features:
♠ Reward Points: You earn reward points for almost all your spending. With the Infinia Credit Card, you receive five reward points for every ₹150 spent, including categories like education, utilities, and insurance. You can even earn up to 10X reward points on shopping and travel through SmartBuy. These reward points can be redeemed in various ways:
- Booking flights and hotels via SmartBuy, each Reward Point (RP) = ₹1
- Products and vouchers via NetBanking or SmartBuy: 1 RP = up to ₹0.50
- Air miles conversion through NetBanking: 1 RP = 1 air mile
- Apple products and Tanishq vouchers via SmartBuy: 1 RP = ₹1
- Cashback: 1 RP = ₹0.30
♠ Lengthy Credit Period: The Infinia Credit Card offers a generous credit period of 50 days from the date of purchase, subject to charge submission by the merchant.
♠ Revolving Credit: Enjoy the convenience of revolving credit on your Infinia Credit Card at nominal interest rates.
♠ Good Food Trail Program: Delight in dining experiences with the Good Food Trail Program, offering a 15% discount on bill payments through Swiggy Dineout at over 20,000+ restaurants.
♠ Fuel Surcharge Waiver: Get a 1% fuel surcharge waiver at all fuel stations in India for transactions between ₹400 and ₹1,00,000. (Note: Fuel transactions do not accrue any Reward Points.)
♠ Renewal Offer: Spend ₹10 lakhs or more in the preceding 12 months to qualify for a renewal membership fee waiver for the following year. Additionally, you’ll receive a renewal benefit of 12,500 reward points upon fee realization and card activation.
♠ Smart EMI: Easily convert significant expenses into EMIs for convenient repayments.
♠ Contactless Payment: Experience quick, secure, and convenient payments at retail outlets through contactless payments with the HDFC Bank Infinia Card. Check for the contactless symbol on your card to ensure compatibility.
♠ Insurance Protection: The card provides essential insurance benefits, including:
- Accidental death cover of up to ₹3 crores
- Emergency overseas hospitalization coverage up to ₹50 lakhs
- Credit Shield Cover provides coverage of up to ₹9 lakhs.
These features make the HDFC Bank Infinia Credit Card a compelling choice for those seeking premium benefits, rewards, and financial security.
Additional Features
Cardholders favor the exclusive HDFC Bank Infinia Credit Card for a multitude of reasons:
♠ Metal Body: The card boasts a premium metal body design, adding an air of exclusivity to your wallet.
♠ Global Concierge: The card offers access to a 24×7 global personal concierge service. This concierge can assist you with entertainment, travel, and business experiences, providing services such as golf booking, private dining assistance, itinerary planning, event planning, international gift delivery, and even airport VIP services.
♠ Hotel Stay: You’re entitled to complimentary night stays and buffet at participating ITC hotels. Additionally, you can book stays for three nights and pay for just two at these hotels, along with a 1+1 complimentary buffet.
♠ Club Marriott Membership: Enjoy a complimentary first-year membership for Club Marriott, which includes a 20% discount on dining and stays across the Asia-Pacific region. As a welcome benefit, you’ll receive 12,500 reward points after fee realization and card activation.
♠ Airport Lounge Access: Access unlimited airport lounges at over 1,000 airports worldwide, both within and outside India, using the Priority Pass. This benefit is also extended to Add-on Priority Pass holders.
♠ Golf Privileges: With the HDFC Bank Infinia Credit Card, enjoy unlimited complimentary golf games at leading golf courses in India and select international courses. You can also avail of unlimited golf coaching sessions at select golf courses in India.
♠ Miles Transfer Program: Redeem your reward points for up to a 1:1 conversion to air miles with 14 airlines through SmartBuy.
♠ Lowest Foreign Currency Fees: Make foreign currency transactions affordably, as the card charges the lowest markup fees of just 2% on all foreign currency transactions.
♠ Zero Cost Liability: In the unfortunate event of losing your Infinia Credit Card, you can report it immediately to the bank’s 24×7 call center. Rest easy, as you will have zero liability for any fraudulent transactions that may occur on your Credit Card.
These features make the HDFC Bank Infinia Credit Card an enticing choice for those seeking premium privileges, global assistance, travel benefits, and financial security.
Direct Apply Link
Frequently Asked Questions (FAQs) about HDFC Infinia Credit Card
Q: Is HDFC Infinia the best credit card?
A: Whether HDFC Infinia is the best credit card depends on your specific financial needs and spending habits. It is a premium credit card with several benefits, but its suitability varies from person to person.
Q: What is the limit of Infinia HDFC card?
A: The credit limit on an Infinia HDFC card is determined based on individual factors, such as income, credit history, and eligibility criteria. Credit limits vary from one cardholder to another.
Q: How to get invited for Infinia credit card?
A: HDFC Infinia is typically offered by invitation to existing HDFC Bank customers with a substantial banking relationship. Meeting certain financial criteria may increase your chances of receiving an invitation.
Q: Is Infinia credit card free?
A: The Infinia credit card may come with an annual fee, but it often offers substantial benefits that can offset the fee. The annual fee structure can change, so it’s best to check with HDFC for the most up-to-date information.
Q: How to get Infinia card for free?
A: It is usually not possible to get an Infinia card for free. The card may come with an annual fee, but you can explore offers, promotions, or spending requirements that might waive or offset the fee.
Q: Who gets HDFC Infinia?
A: HDFC Infinia is typically extended to individuals with a high income, excellent credit history, and a significant banking relationship with HDFC Bank. Invitations are sent based on these criteria.
Q: How much is 1 reward point in Infinia?
A: The value of 1 reward point in Infinia HDFC card may vary depending on how you choose to redeem it. Typically, it can be redeemed for a variety of rewards, including travel bookings, merchandise, or cashback.
Q: How do I upgrade to Infinia?
A: To upgrade to an Infinia HDFC card, you usually need to meet specific eligibility criteria set by HDFC Bank, such as a high income level and a strong credit history. Contact HDFC Bank for information on the exact requirements and the upgrade process.
Also Read This: Ross Credit Card 2023: Benefits, Charges, Its Uses and FAQs
♦ SBI PRIME Advantage Credit Card
Fee and Charges
| Fees Type | Charges |
| Joining Fee | ₹ 2,999 + GST (per annum) |
| Renewal Fee | ₹ 2,999 + GST (per annum) |
| Add-on Card Fee | Nil |
| Minimum Spend for Waiver of Annual Membership Fee | ₹3 Lakh (per annum) |
| Cash Payment Fee | ₹ 250 + GST |
| Processing Fee on Rent Payments | ₹ 199 (Not reversed in case of transaction reversal/cancellation/refund) |
| ATM Cash Advance Fee | 2.5% of the withdrawal amount or Rs.500 whichever is higher (for both Domestic & International ATMs) |
| Late Payment Fee | From ₹ 0 to ₹ 500 – Nil More than ₹ 500 up to ₹ 1,000 – Rs.400 More than ₹ 1,000 up to ₹ 10,000 – Rs.750 More than ₹ 10,000 up to ₹ 25,000 – Rs.950 More than ₹ 25,000 up to ₹ 50,000 – Rs.1,100 More than ₹ 50,000 – ₹ 1,300. |
| Over Limit Fees | 2.5% or ₹ 600 whichever is higher |
| Payment Dishonor Fee | 2% of Payment Amount or ₹ 500 whichever is higher |
| Card Replacement Fee | ₹ 100 to ₹ 250 |
| Cheque Payment Fee | ₹ 100 |
| Balance Transfer Fee | 0% to 1.7% (Processing Fee applies) |
Features of SBI PRIME Advantage Credit Card
♠ Welcome Gift
- Welcome e-gift Voucher worth ₹ 3,000 from brands like Bata/Hush Puppies, Pantaloons, Shoppers Stop, and Yatra.com
♠ PRIME Rewards:
- Earn 20 Reward Points per Rs.100 spent on standing instructions of Utility Bill payments (capped at 3,000 Reward Points per month)
- Earn 10 Reward Points per Rs.100 spent on Dining, Departmental stores, Grocery, and Movie spends
♠ Milestone Benefits:
- Get Pizza Hut e-Voucher worth ₹ 1,000 on achieving spends of ₹ 50,000 in a calendar quarter
- Waiver of Renewal Fee on annual spends of ₹ 3 Lakhs
- E-Gift Voucher worth ₹ 7,000 from Yatra.com/Pantaloons on achieving annual spends of ₹ 5 Lakhs
♠ Trident Privilege Membership:
- Enjoy complimentary Trident Privilege Red Tier Membership
- Get exclusive 1,000 Welcome Points on registration
- You can delight in 1,500 Bonus Points on your initial stay and an additional ₹1,000 in hotel credit for extended night stays.
♠ Complimentary Club Vistara Membership:
- Enjoy Complimentary Club Vistara Silver membership
- Get 1 Upgrade Voucher
- Earn 9 Club Vistara Points for every ₹ 100 you expend on Vistara flights.
♠ Lounge Access:
- 4 complimentary visits per year to International Priority Pass Lounges outside India (max. 2 visits per quarter)
- 8 complimentary visits per year to Domestic VISA/Mastercard Lounges in India (max. 2 visits per quarter)
♠ Birthday Benefit:
- Earn 20 Reward Points per Rs.100 spent on Birthday (capped at 2000 Reward points per calendar year)
♠ Mastercard Privileges:
- 4 rounds of complimentary green fees access
- Up to 50% off on golf games
- 1 complimentary lesson per month at selected golf courses in India
- Up to 15% discount on room rates and F&B at Lalit Hotels
♠ Visa Privileges:
- Savings of up to 10% on Hertz car rental
- Up to 35% off on Avis Car Rentals
- Exclusive benefits across 900 luxury hotels worldwide
♠ American Express Privileges:
- American Express Dining Platform: Up to 25% discount on dining offers
- Complimentary Tablet plus membership for VIP upgrades and privileges at hotels in India and around the world
♠ Contactless Advantage:
- Convenient daily purchases with secure contactless transactions
- No need to hand over your card or use cash/coins for small purchases
- Enhanced security with the card never leaving your hand during contactless transactions
♠ Global Acceptance:
- Accepted at over 24 million outlets globally, including 325,000 in India
♠ Fraud Liability Cover:
- Complimentary Air Accident Liability Cover of ₹ 50 lakhs
- Receive a complimentary credit card Fraud Liability Cover worth ₹ 1 lakh.
♠ Emergency Card Replacement:
- 24×7 helpline for emergency card replacement, even while traveling abroad
- Lost card in India? Contact us at 1860 180 1290 or 39 02 02 02 (with your local STD code prefix).
♠ Add-on Cards:
- Empower up to 2 family members (parents, spouse, children, or siblings – above 18 years) with an add-on card
♠ Cash Access Across the World:
- Access cash withdrawal at over 1 million Visa ATMs globally.
♠ Safe and Secure:
- Enhanced security with chip and pin technology
♠ Easy Bill Pay Facility:
- Pay utility bills like electricity, telephone, and mobile using the Easy Bill Pay facility
♠ Flexipay:
- Convert transactions into easy monthly installments by transacting for ₹ 2,500 or more
♠ Balance Transfer on EMI:
- Transfer outstanding balances from other banks’ credit cards to avail lower interest rates and pay back in EMIs
These privileges make the SBI Card PRIME Advantage a valuable credit card with a range of benefits.
Direct Apply Link
Frequently Asked Questions (FAQs) about SBI PRIME Advantage Credit Card
Q: What is the benefits of SBI Prime card?
A: The SBI Prime card offers various benefits, including reward points on different types of spending, complimentary lounge access, dining discounts, and more. The specific benefits can vary, so it’s advisable to check the latest features and offers from SBI Prime.
Q: How can I avoid SBI Prime credit card annual fee?
A: To potentially avoid the SBI Prime credit card’s annual fee, you can explore offers and promotions provided by SBI. Meeting specific spending requirements or being part of certain customer segments might also provide fee waivers.
Q: How to get SBI Prime credit card lifetime free?
A: SBI Prime credit card is typically not offered as a lifetime free card. However, SBI may occasionally run promotions or offers that provide a waiver of the annual fee for a certain period.
Q: What is the cash limit of SBI Prime credit card?
A: The cash limit on an SBI Prime credit card can vary for each cardholder and is determined based on factors such as income, creditworthiness, and SBI’s internal policies.
Q: Is there a monthly fee for Prime card?
A: The SBI Prime card may have an annual fee, but there is typically no monthly fee. However, it’s important to verify the latest fee structure with SBI for the most up-to-date information.
Q: Is Prime visa worth it?
A: Whether the Prime Visa card is worth it depends on your individual spending habits and preferences. It offers various benefits, including reward points and discounts, so it can be valuable for those who can maximize these perks through their spending.
♦ HDFC Regalia Credit Card
Fee and Charges
| Fees Type | Charges |
| Joining Fee | ₹ 2,500+ GST (per annum) |
| Renewal Fee | ₹ 2,500 + GST (per annum) |
| Add-on Card Fee | Nil |
| Minimum Spend for Waiver of Annual Membership Fee | ₹4 Lakh (per annum) |
| Payment Return Fee | 2% of Payment amount subject to minimum of ₹450 |
| Cash Processing Fee | ₹100 (for all card payments made by depositing in HDFC Bank branches or ATMs) |
| ATM Cash Advance Fee | 2.5% of the withdrawal amount or Rs.500 whichever is higher (for both Domestic & International ATMs) |
| Late Payment Fee | From ₹ 0 to ₹ 500 – Nil More than ₹ 500 up to ₹ 1,000 – Rs.400 More than ₹ 1,000 up to ₹ 10,000 – Rs.750 More than ₹ 10,000 up to ₹ 25,000 – Rs.950 More than ₹ 25,000 up to ₹ 50,000 – Rs.1,100 More than ₹ 50,000 – ₹ 1,300. |
| Over Limit Fees | 2.5% or ₹ 550 whichever is higher |
| Payment Dishonour Fee | 2% of Payment Amount or ₹ 500 whichever is higher |
| Rewards Redemption Fee | ₹99 Per redemption request |
| Balance Transfer Processing Charges | 1% of BT amount or ₹250, whichever is higher |
| Duplicate physical statement charges | ₹10 per duplicate physical statement |
Features of HDFC Regalia Credit Card
♠ Reward Points:
- Earn 4 Reward Points for every ₹ 150 spent on all retail* purchases.
- Bonus 10,000 Reward Points for spending ₹ 5 lakhs in an anniversary year.
- Additional 5,000 Reward Points for spending ₹ 8 lakhs in an anniversary year.
♠ Lounge Access:
- 12 complimentary airport lounge access within India (both domestic and international terminals).
- Priority Pass for international lounge access, allowing up to 6 Complimentary Lounge Access per calendar year outside India.
♠ Zero Lost Card Liability:
- In the unfortunate event of losing your HDFC Bank Regalia Credit Card, reporting it immediately to the 24-hour call center provides you with zero liability on any fraudulent transactions made on your Credit Card.
♠ Foreign Currency Markup:
- A 2% foreign currency markup on all foreign currency transactions.
♠ Revolving Credit:
- Enjoy revolving credit on your HDFC Bank Regalia Credit Card at a nominal interest rate. For additional information, please refer to the Fees and Charges section.
♠ Concierge Services:
- Exclusive 24/7 concierge services are available for Regalia Credit Cardholders. You can access these services by calling the toll-free number or emailing for assistance.
♠ Fuel Surcharge Waiver:
- A 1% fuel surcharge waiver is provided at all fuel stations across India on transactions between ₹ 400 and ₹ 5000. Fuel transactions do not accrue any Reward Points.
♠ Good Food Trail Program:
- Enjoy dining benefits through the Good Food Trail program, offering up to 20% savings on restaurant bill payments via Swiggy Dineout at over 20,000 restaurants.
♠ Milestone Benefit:
- Earn bonus 10,000 Reward Points when you spend ₹ 5 lakhs in the anniversary year.
- Earn an additional 5,000 Reward Points when you spend ₹ 8 lakhs in the anniversary year.
♠ Renewal Offer:
- The annual fee is waived off if you spend more than 3 lakhs in the previous year.
♠ Smart EMI:
- Convert significant purchases into easy monthly installments after the purchase.
♠ Contactless Payment:
- The HDFC Regalia Credit Card is enabled for contactless payments, offering fast, convenient, and secure transactions at retail outlets.
♠ Insurance/Comprehensive Protection:
- Accidental air death cover worth ₹ 1 Crore.
- Emergency overseas hospitalization is covered up to ₹15 lakhs.
- Lost Card Liability Cover extends up to Rs 9 lakhs.
♠ Reward Point/CashBack Redemption & Validity:
- Earn and redeem Reward Points for various purposes, including flights, hotels, products, vouchers, air miles, and cashback.
- Detailed information on Reward Points accrual and redemption options provided.
♠ Spend Aggregation Feature:
- Bonus Reward Points for achieving annual spends of ₹ 5 lakhs and ₹ 8 lakhs in the same anniversary year.
Eligibility Criteria
♠ For Salaried Indian Nationals:
- Age: Minimum 21 years and maximum 60 years.
- Net Monthly Income: Greater than Rs 1 Lakh.
♠ For Self-Employed Indian Nationals:
- Age: Minimum 21 years and maximum 65 years.
- Income Tax Return (ITR): Should have an annual income of more than Rs 12 Lakhs.
Please note that meeting these eligibility criteria is essential to be eligible for the HDFC Regalia Credit Card. Additionally, financial institutions may have specific requirements and documentation procedures, so it’s advisable to contact HDFC Bank or visit their official website for the most up-to-date information and to initiate the application process.
Direct Apply Link
Frequently Asked Questions (FAQs) about HDFC Regalia Credit Card
Q: Is HDFC Regalia credit card worth it?
A: The worthiness of the HDFC Regalia credit card depends on your spending habits and lifestyle. It offers various benefits like reward points, lounge access, and more. To determine if it’s worth it, consider if these perks align with your needs and usage.
Q: What are the benefits of Regalia card?
A: The HDFC Regalia card provides benefits such as reward points, complimentary lounge access, travel privileges, dining discounts, and more. Specific benefits may vary, so check the latest features from HDFC.
Q: What is the max limit of Regalia card?
A: The maximum credit limit on an HDFC Regalia credit card varies based on factors like your income, credit history, and HDFC’s internal policies.
Q: How much is 1 point in HDFC Regalia?
A: The value of 1 reward point in HDFC Regalia can vary depending on how you redeem it. Typically, 1 point is equivalent to a certain amount in Indian Rupees. Refer to HDFC’s rewards catalog for redemption details.
Q: Can Regalia card be lifetime free?
A: HDFC Regalia cards are usually not offered as lifetime free cards. However, HDFC may occasionally have promotions or offers that provide a waiver of the annual fee for a certain period.
Q: What is the highest limit for HDFC Regalia credit card?
A: The highest credit limit for an HDFC Regalia credit card depends on several factors, including your income, creditworthiness, and HDFC’s internal credit policies.
Q: Who gets Regalia credit card?
A: HDFC typically offers the Regalia credit card to individuals meeting specific income and credit score criteria. The exact eligibility requirements can vary, so it’s recommended to check with HDFC for the latest criteria.
Q: What are the disadvantages of Regalia credit card?
A: Potential disadvantages of the HDFC Regalia credit card can include an annual fee, eligibility requirements, and exclusions on certain benefits. It’s essential to review the card’s terms and conditions for a comprehensive understanding of any limitations.
♦ HSBC Cashback Credit Card
Fee and Charges
| Fees Type | Charges |
| Joining Fee | Nil |
| Renewal Fee | ₹ 999 + GST (per annum) |
| Add-on Card Fee | Nil |
| Minimum Spend for Waiver of Annual Membership Fee | ₹ 2 Lakh (per annum) |
| Grace Period | Upto 45 days |
| Minimum Payment Due | 2.5% of the transaction amount or ₹ 300 whichever is higher |
| Overlimit Fee | ₹ 500 / month |
| Late Payment Charges | 50% of the minimum payment due or ₹ 400 to ₹ 750 whichever is higher |
| Cash Advance Fee | ₹ 100 at International ATMs |
Features of HSBC Cashback Credit Card
♠ Cashback:
- 10% accelerated cashback on all dining, food delivery, and grocery spends (capped up to ₹ 1,000 per billing cycle).
- 1.5% unlimited cashback on all other spends (with some exclusions).
♠ Lounge Access
- Enjoy 4 complimentary domestic lounge visits annually, with one visit available each quarter.
♠ Membership Fees Reversal
- Annual membership fees of ₹ 999 will be reversed if your total annual spend exceeds ₹ 200,000.
♠ Zero Liability for Lost Cards
If your HSBC Cashback Credit Card is lost, you won’t bear any liability for transactions made on the card after reporting and registering the loss. You are also covered for any misuse of the card for up to 24 hours before reporting and registering the loss, up to a limit of ₹ 300,000.
♠ Emergency Card Replacement
If you lose your card, you can call Visa Global Assistance Services or HSBC Helpline numbers to have your card cancelled and an emergency card issued anywhere in the world in just 3 days. You can also choose to retrieve emergency cash at over 22,000 HSBC outlets globally.
♠ Insurance Benefits
Insurance benefits provided to cardholders by ICICI Lombard General Insurance Company Limited, including claims for settlements.
♠ Other Benefits
The card offers regular benefits like cash advance, additional credit cards, global access, and access through Phone Banking. It is also suitable for online transactions, making it ideal for online shopping and entertainment.
Offers provided by HSBC Cashback Credit Card
♠ Introductory Offers (Valid from 16 August 2023 to 31 December 2023):
- Get Amazon vouchers (worth INR 1,000) by making transactions of a minimum of INR 10,000 within the first 30 days.
♠ Partner Offers:
- BookMyShow Saturday Offer: Buy-one-get-one-free movie tickets on Saturdays (Up to INR 250).
Direct Apply Link
Frequently Asked Questions (FAQs) about HSBC Cashback Credit Card
Q: How does HSBC cash back work?
A: HSBC cashback credit cards provide a percentage of the amount spent on purchases as cashback. The cashback is typically calculated based on the total monthly or annual spending on the card. The earned cashback is then credited to the cardholder’s account.
Q: Does HSBC cashback credit card have lounge access?
A: HSBC cashback credit cards may or may not offer lounge access. The specific benefits can vary between different HSBC credit card offerings. It’s advisable to check the terms and conditions of the particular card to confirm if lounge access is provided.
Q: What are the benefits of HSBC card?
A: The benefits of an HSBC card depend on the specific card type. Common benefits include cashback rewards, reward points, travel privileges, insurance coverage, and more. Review the features of your HSBC card to understand its specific advantages.
Q: Is HSBC cashback card good?
A: The suitability of an HSBC cashback card depends on your spending habits and preferences. If you frequently use the card for eligible spending categories and can maximize cashback rewards, it can be a good choice. Evaluate if the card aligns with your financial goals.
Q: Why choose HSBC cashback credit card?
A: Choosing an HSBC cashback credit card can be beneficial if you prefer earning cashback on your purchases. It offers a way to get money back on your spending, which can be a valuable financial incentive.
Q: Does cashback cost money?
A: Cashback earned on credit cards doesn’t cost money; it’s a reward or rebate provided to cardholders based on their eligible spending. Cardholders receive a portion of their purchase amount back in the form of cashback.
Q: How do I use my HSBC credit card at the airport lounge?
A: To use your HSBC credit card at an airport lounge, you typically need a credit card that offers lounge access as a benefit. Present your eligible HSBC credit card at the lounge’s entrance, and, if it provides access, you’ll be able to enjoy the lounge’s amenities. Check your card’s terms to ensure it includes lounge access.
