Oumar Malik
Oumar Malik
Chief Financial Officer
Oumar Malik is the Chief Financial Officer of iNewkhusi.com, a top financial platform offering banking, loans, credit cards, and insurance. With deep financial expertise, Oumar is key in developing strategies for growth and effective management of financial products and services. Based in Al Hamriya, Dubai, Oumar provides valuable insights and innovative solutions to help individuals and businesses manage their finances.
HSBC Cash+ Credit Card is a great credit card that gives you the opportunity to earn daily cashback on every purchase.
You can use this card at various places:
- You can use this card for your daily purchases, giving you cashback every time.
- You can also get cashback on spends made with this card while travelling, like flight booking or hotel room booking.
- Cashback is also available on using this card while eating in restaurants, so that you can further enjoy your meal.
Additionally, you also get several exciting travel and lifestyle benefits with this card:
- You can access various airport lounges, making your travel experience even better.
- You also get special discounts on many travel and dining offers, thereby reducing your expenses.
This card is specially designed for those who want to get maximum cashback.
For this you should have an income of at least AED 30,000 every month.
In this post, we will give you all the necessary information about this credit card, including its benefits, eligibility criteria, and application process. This way, you will be able to understand how beneficial this card can be for you.
HSBC Cash+ Credit Card Highlights
HSBC Cash+ Credit Card is a card with the help of which you can earn cashback daily.
With this card, you can earn cashback every day on your activities like shopping, travel, and dining. There is no minimum spending or earning limit.
This card also improves your lifestyle and travel experiences.
- airport lounge access: With this credit card you can relax in select airport lounges around the world.
- balance transfer:Take advantage of lower interest rates by transferring your other credit card balances to the HSBC Cash+ Credit Card.
- movie ticket offers: You also get great offers on movie tickets, making your entertainment even cheaper.
- earn cashback:Earn up to 1% daily cashback on every spend, plus 10% bonus cashback.
- Careem Plus Membership:You are given 12 months of free Careem Plus membership, which provides additional benefits on rides.
The credit card is perfect for those who want to save on their everyday expenses while also enjoying premium features.
HSBC Global Private Banking Credit Card offers many benefits in your travel, shopping, and lifestyle.
This card is especially beneficial for
If you are an HSBC Global Private Banking Account holder, apply now and make your experience great!
HSBC Cash+ Credit Card Overview
Some key information about HSBC Cash Plus Credit Card is given below which is as follows:
| Credit card name | HSBC Cash+ Credit Card |
|---|---|
| Credit Card Type | cashback credit card |
| Review and Rating | ⭐⭐⭐⭐ (4.5/5) |
| Some benefits of credit card |
|
| minimum salary | AED 30,000 per month |
| age | 21 to 65 years |
| Who can take this credit card | UAE residents and non-residents with an income of AED 30,000 or more |
| necessary documents |
|
| how to apply |
|
Key Features of HSBC Cash+ Credit Card
HSBC Cash+ Credit Card is a very good card which gives you many offers to earn cashback on your spends.
With the help of this card, one gets exclusive facilities related to daily cashback rewards, special travel and lifestyle benefits, special offers and promotions.
This credit card comes with a number of tax benefits which are as follows:
1. Daily Cashback Rewards
You can earn 1% cashback on every purchase with this credit card, and there are no minimum spending requirements or earning limits.
Additionally, if you meet the spending limit on the card, you also get an additional 10% bonus cashback.
2. Special Travel and Lifestyle Benefits
With this card you get access to over 1,000 airport lounges, making your travel even more comfortable.
Plus, you are given 12 months of free Careem Plus membership, which provides additional benefits on your rides.
Additionally, with DragonPass Dine & Travel you can also avail maximum savings at over 200 airport restaurants.
3. Special Offers and Promotions
You also get many attractive promotions with this card. You can get up to AED 800 cashback on select credit cards.
There is AED 600 cashback on applying for the card, AED 100 on first-time use of mobile wallet, and an additional AED 100 cashback on first complimentary card use.
This card not only manages your expenses in a better way but also improves your lifestyle.
Eligibility Criteria for HSBC Cash+ Credit Card
Option are open for you Check Here Eligibility
Before applying for the HSBC Cash+ Credit Card, it is important to know what requirements you need to meet.
There are some key eligibility criteria for this card, which decide whether you are eligible for this card or not.
These criteria are related to your income, age and place of residence.
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Point 1
1. Need for income
Your monthly income must be at least AED 30,000 for the HSBC Cash+ Credit Card.
This means that only those people can apply for this card whose monthly salary is AED 30,000 or more.
You can utilize the facilities provided by credit cards properly and manage your expenses well. -
Point 2
2. Age Requirement
The age of the person applying for this credit card should be between 21 to 65 years.
This means that only those individuals who fall in this age group are eligible for this card. -
Point 3
3. Residence requirement
The person applying for the HSBC Cash+ Credit Card must be a UAE resident.
This card is available exclusively to UAE residents, allowing them to avail better facilities and benefits in the region.
You can apply for this credit card and enjoy a variety of benefits and offers through it.
Rates and Fees
In this section, we will tell you about all the important fees and rates associated with credit cards.
This will include the annual fee, interest rate (APR), cash advance fee, and other types of fees.
This information will help you understand how to use your card wisely and profitably, as well as ways to avoid these charges.
1. Annual Fee
- The annual fee is AED 0 for the first 12 months.
- From the 13th month, if you haven’t spent AED 24,000 in the previous year, you’ll pay an annual fee of AED 1,050 (including VAT).
- To avoid this fee, it is necessary to spend at least AED 24,000 annually.
2. Annual Interest Rate (APR)
- The annual interest rate (APR) of 44.28% has been fixed on this credit card.
- This interest rate applies to your purchases and cash withdrawals.
- If you don’t pay your bills in full on time, you’ll have to pay this interest.
- Therefore, it is advisable to make timely payments so that you do not have to pay extra interest.
| Type of Fee | Description |
|---|---|
| Annual Fee | AED 0 for first 12 months, AED 1,050 thereafter (if minimum spend of AED 24,000 not met) |
| Annual Interest Rate (APR) | 44.28% (for purchases and cash withdrawals) |
| Cash Advance Fee | 3% of withdrawal amount, minimum AED 100 |
| Late Payment Fee | AED 250 |
| Foreign Currency Fee | 2.99% on international transactions |
1. How to use the card correctly and profitably
- To use your credit card properly and profitably,
you must keep track of your expenses and pay the bills in full on time. - If you make full payment on time, you will not have to pay interest.
- Additionally, take advantage of the
reward points and cashback available through the card.
2. How to avoid charges
- To avoid charges, it is important that you meet the minimum spend on the credit card every year so that the annual fee is not charged.
Additionally, you can avoid late payment fees and high interest rates by paying bills on time.
The purpose of the above information is to help you understand all the fees and rates associated with your credit card and avoid unnecessary fees and interest. If you pay bills on time and use the card properly, you can avoid extra expenses.
Other HSBC Credit Cards
Different HSBC credit cards offer different benefits depending on your needs and financial situation.
For example, some cards focus on cashback, while others offer special offers on travel and lifestyle services.
| Credit Card Name | Credit Card Type | Main Features |
|---|---|---|
| HSBC Cash+ Credit Card | cashback credit card | 1% cashback, travel and lifestyle benefits, airport lounge access |
| Global Private Banking Credit Card | premium credit card | Personal Finance Management, Special Banking Services |
| Platinum Credit Card | highest level card | High cashback, travel and lifestyle benefits |
| Gold Credit Card | standard credit card | Basic cashback, simple usage |
Additional Benefits of HSBC Cash+ Credit Card
With this credit card you get many additional benefits in everyday expenses and travel, which makes your shopping and travel convenient along with financial security.
1. Balance Transfer
If you have an outstanding balance on any other UAE credit card, you can transfer that outstanding to the HSBC Cash+ Credit Card.
With this you will have to pay at a lower interest rate, which will save on interest.
2. Multi-Trip Travel Insurance
With this card you get
This insurance provides protection against any unexpected events during your trip, such as an accident or medical emergency, so you can enjoy your trip without any worries.
3. Extended Warranty on Purchases
Apart from the manufacturer’s warranty, you also get an additional warranty on purchases made with this card.
How to Apply for HSBC Cash+ Credit Card
Applying for this credit card is very easy, and you have several ways. You can apply online,
- How to apply for loan check step by step process
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1. Online Application
You can apply online through HSBC UAE website
The process is extremely simple and you can get approval in just 5 minutes.
You can easily apply by filling the form given on the website and providing the required information. -
2. Mobile App
Existing HSBC customers Apply Through Mobile App
Existing HSBC customers can apply in minutes through the HSBC UAE app.
After logging in to the app, you will get a simple form which you can fill and apply immediately.
This process is very convenient and you do not need to go anywhere. -
3. In-Person Visit Branch
Apply Through Visiting HSBC Branch
If you want to apply in person, you can visit the nearest HSBC branch.
There you will be assisted by a bank representative who will help process your application.
Step-by-Step Process
To apply for HSBC Cash+ Credit Card, you must first choose through which method you want to apply for the credit card.
You can apply online, mobile app or from your nearest branch.
1. Online Application
This is the first way to apply for the card, by following which the application for this credit card can be done in just 5 minutes:
To apply for the card, follow the steps given below.
- Go to HSBC website.
- Go to Credit Card section and click on “Apply Now”.
- Fill the required information, like name, address, income, etc.
- Submit the form and wait for approval.
2. Mobile App Application
If you do not want to go through a long process, then you can use Hsbc UAE App of HSBC Bank, for which you will have to login here and click on the credit section and fill your information.
The step by step process is explained below:
- Download the HSBC UAE app and log in.
- Select “Apply for Credit Card” option.
- Fill the form and submit.
- Once your information is reviewed, you will be notified immediately.
4. application from branch
If you are not very educated and do not know about the online process, then you can apply for this credit card from your nearest branch.
To get this credit card, follow the step by step process given below.
- Visit the nearest HSBC branch.
- Start the application process from a bank representative.
- Provide necessary documents (e.g. identity card, income proof).
- Fill out the application form and submit it and wait for approval.
Thus, you can apply for HSBC UAE Cash+ Credit Card in any way as per your convenience.
FAQ: HSBC UAE Cash+ Credit Card
1. What is HSBC Cash+ Credit Card?
HSBC Cash+ Credit Card is a card that offers you cash benefits, cashback and other special features, allowing you to save on your everyday expenses.
2. How to apply for HSBC Cash+ Credit Card?
You can apply by visiting HSBC website, mobile app or nearest HSBC branch.
3. Is there an annual fee for the HSBC Cash+ Credit Card?
The annual fee is AED 0 for the first 12 months, but AED 1,050 (including VAT) may apply from the 13th month onwards if you do not make a minimum annual spend of AED 24,000.
4. What is the interest rate of HSBC Cash+ Credit Card?
This card has an annual interest rate (APR) of 44.28%, which applies to both purchases and cash withdrawals.
5. How to earn cashback on this card?
You can earn cashback on every spend done with this card, which is a fixed percentage of the amount you spend.
6. Is travel insurance available on HSBC Cash+ Credit Card?
Yes, you get free travel insurance cover up to USD 500,000 for travels up to 90 days.
7. Is there a balance transfer facility with this card?
Yes, you can transfer balance from other UAE credit cards to HSBC Cash+ Credit Card and enjoy lower interest rates.
8. What is the minimum credit limit of HSBC Cash+ Credit Card?
Credit limit may vary according to your financial situation and bank conditions.
9. Are there any late payment fees on HSBC Cash+ Credit Card?
Yes, you may be charged late payment fees if you do not pay on time.
10. Where can you use HSBC Cash+ Credit Card?
You can use it anywhere around the world where Visa or Mastercard is accepted.
11. Are there any foreign currency transaction fees on this card?
Yes, you will be charged a foreign currency transaction fee when you make international transactions.
12. Who can apply for HSBC Cash+ Credit Card?
UAE resident individuals with minimum income as per HSBC criteria can apply.
13. How does the Additional Warranty work on the HSBC Cash+ Credit Card?
You get an additional warranty on purchases made with this card, which extends the manufacturer’s warranty by 1 year.
14. Can the annual fee be waived on the HSBC Cash+ Credit Card?
If you spend more than AED 24,000 in the first 12 months, the annual fee may be waived, effective from the 13th month.
15. Can I pay mobile bill through HSBC Cash+ Credit Card?
Yes, you can use this card to pay various bills including your mobile bill.
16. Is there a loyalty program available on HSBC Cash+ Credit Card?
Yes, with this card you get a chance to be a part of HSBC’s loyalty program, where you can earn points and redeem them.
17. Is EMI option available on HSBC Cash+ Credit Card?
Yes, you can convert your big expenses into EMIs and pay them in easy installments.
18. Can I access airport lounges with HSBC Cash+ Credit Card?
Free use of select airport lounges may be available with this card.
19. Can the HSBC Cash+ Credit Card limit be increased?
Yes, the card limit can be increased depending on your credit history and bank conditions.
20. What documents are required on HSBC Cash+ Credit Card?
To apply you must have documents like identity card, income proof and residence proof.
- HSBC UAE Cash+ Credit Card can be very important for you in 2024. If you frequently shop or travel, this card is a great option for you.
- With this card you get cashback and rewards, which help in reducing your expenses. During the trip, you also get free insurance, so you can feel safe.
- This means that whenever you shop or travel, you will get benefits through it. Overall, HSBC Cash+ Credit Card can help you manage your expenses in a better way and give you benefits.