HSBC Smart Value Credit Card
Joining Fee: No joining fee
Renewal Fee: No renewal fee
Reward Type: Reward Points
Welcome Benefits
Amazon Gift Voucher: Receive an Amazon gift voucher worth ₹500.
10% Cashback Offer: Get 10% cashback up to ₹1,000 when you make at least 5 transactions totaling ₹5,000 or more within the first 60 days of card issuance.
Complimentary Lounge Access or Meals: Enjoy 3 complimentary domestic/international airport lounge visits or 3 free meal vouchers.
Google Pay Discount: Avail a 50% discount on your first Google Pay transaction, capped at ₹100.
Reward Points
Standard Earnings: Earn 1 Reward Point for every ₹100 spent on retail purchases.
Accelerated Rewards: Earn 3x Reward Points on select categories, including dining, telecom, and online transactions.
Validity: Reward Points are valid for 2 years from the accrual date.
Reward Redemption
Versatile Options: Redeem Reward Points across a variety of categories, including gift vouchers and products via the HSBC Rewards catalogue.
Redemption Value: The value of 1 Reward Point can go up to ₹0.35, depending on the redemption option.
Redemption Fee: A fee of ₹50 is charged for each reward redemption request.
Fuel Surcharge Waiver
Savings on Fuel: Get a 1% fuel surcharge waiver on all fuel transactions with the HSBC Smart Value Credit Card, saving you up to ₹3,000 annually.
Finance and Forex Fees
Interest Rate: The interest rate ranges from 1.39% to 1.99% per month, depending on your credit history.
Foreign Currency Markup: A 3.5% markup fee is applied to all foreign currency transactions.
Cash Advance Fee: A fee of 2.5% of the withdrawn amount, with a minimum charge of ₹500, is applicable for cash advances.
Summary
The HSBC Smart Value Credit Card is an ideal choice for those seeking a lifetime free credit card with solid rewards. It offers a decent reward rate and attractive welcome benefits, including complimentary lounge access and an Amazon gift voucher. The card earns reward points on all spending, redeemable across various options. However, it's important to note that the card is only available to salaried individuals in select cities. If you reside in one of these cities and want an affordable credit card to maximize savings, this card is a great option. For other benefits, consider exploring the full range of HSBC Credit Cards.