HSBC Cashback Credit Card Vs Axis Bank Ace Credit CardHSBC Cashback Credit Card Vs Axis Bank Ace Credit Card

HSBC Cashback Vs Axis Bank Ace Credit Card

Credit cards are prized for their appealing array of advantages, ranging from travel perks and dining discounts to special deals on movie tickets and a robust rewards system. However, in today’s landscape, one highly coveted feature is cashback. A cashback credit card stands out for its ability to offer cashback on every transaction, providing users with immediate savings and greater flexibility compared to reward points-based cards. Many credit cards on the market now offer cashback benefits.

The HSBC Cashback Credit Card, offered by HSBC Bank, emerges as a top-tier credit card choice. Users can enjoy cashback rewards of up to 1.5% on every transaction, along with attractive welcome perks. Additionally, the card provides exclusive privileges for entertainment and dining. With no initial joining fee and a modest renewal fee, it’s a standout choice in the competitive credit card arena.

Alternatively, the Axis Bank Ace Credit Card, known for its popularity among customers, presents a nominal yearly fee coupled with generous cashback benefits across different transactions. Users stand to gain up to 5% cashback on bill payments, transactions with partner merchants, and general purchases. Nonetheless, it’s worth mentioning that specific categories have a maximum cashback limit of Rs. 500 per billing cycle. Moreover, the card grants complimentary access to domestic lounges, further elevating its attractiveness to potential users.

Features and Benefits of HSBC Cashback Credit Card and Axis Bank Ace Credit Card

HSBC Cashback Credit Card:

  1. Annual Fee: Rs. 750
  2. Welcome Benefits:
    • Amazon and Swiggy Vouchers (Rs. 500 each)
    • 5 Myntra Vouchers (Rs. 300 each)
    • 5 Ajio Vouchers (Rs. 600 each)
    • SonyLiv 12-month membership
    • 3 lounge access or 3 meal vouchers
  3. Cashback: Up to 1.5% on all transactions
  4. Online Transactions: 1.5% cashback
  5. Other Spends: 1% cashback
  6. Additional Discounts:
    • Get a 5% discount on Amazon with a minimum purchase of Rs. 1,000, up to a maximum discount of Rs. 250. This offer is not applicable during the Amazon Great Indian Festival Sale.
    • 30% off on EazyDiner (up to Rs. 600, min. transaction Rs. 1,000)
    • 10% off on Blinkit (up to Rs. 100, max. Rs. 300 per month)
    • 10% off on PharmEasy (up to Rs. 150)
  7. Insurance Cover: Rs. 3 Lakh for fraudulent transactions
  8. Annual Fee Waiver: Spend Rs. 1 Lakh or more in the previous year.

Axis Bank Ace Credit Card:

  1. Joining & Annual Fee: Rs. 499 (waivable on spend-based criteria)
  2. Cashback:
    • Up to 5% on all spends
    • 5% on utility bill payments and DTH/mobile recharges via Google Pay
    • 4% on Zomato, Swiggy, and Ola
    • 2% on all other spends
  3. Cashback Capping: Rs. 500 for 5% and 4% categories per statement cycle
  4. Airport Lounge Access: 4 complimentary visits annually
  5. Dining Benefits: Up to 20% discount at 4000+ restaurants
  6. Fee Waiver:
    • Joining fee waived on spending Rs. 10,000 within 45 days
    • Annual fee waived on spending Rs. 2 Lakh or more in the previous year
  7. Fuel Surcharge Waiver: 1% on transactions between Rs. 400 and Rs. 4,000 (max. waiver Rs. 500 per month)

Comparison between HSBC Cashback Credit Card Vs Axis Bank Ace Credit Card

HSBC Cashback Credit Card:

  1. Reward Rate:
    • 1.5% cashback on all online transactions (except online wallet uploads).
    • 1% cashback on all other spends.
    • 5% cashback on bill payments and mobile recharges on Google Pay.
    • 4% cashback on spends made on Swiggy, Zomato, and Ola.
    • Combined capping of Rs. 500 cashback per statement cycle for the above categories.
    • 2% cashback on all other purchases.
  2. Reward Redemption:
    • Cashback earned is credited to the statement balance within 45 days.
  3. Welcome Benefits:
    • 1-year SonyLiv Subscription.
    • 3 complimentary domestic & international lounge access or 3 meal vouchers.
    • Amazon and Swiggy Vouchers worth Rs. 500 each.
    • 5 Myntra (Rs. 300) and Ajio (Rs. 600) Vouchers.
  4. Lounge Access:
    • NA (only as a welcome benefit).
    • Receive four free entries to domestic airport lounges annually.
  5. Insurance Covers:
    • Rs. 3 Lakh cover against fraudulent transactions.
  6. Dining Benefits:
    • 30% off up to Rs. 600 via EazyDiner for orders above Rs. 1,000 as a monthly benefit.
    • Up to 20% off on dining bills under the Dining Delights program.
  7. Entertainment Benefits:
    • Enjoy the BOGO movie ticket deal on BookMyShow every Saturday!
  8. Other Monthly Offers:
    • 5% discount on spending Rs. 1,000 or above on Amazon.
    • 10% discount up to Rs. 100 on Blinkit.
    • 10% discount up to Rs. 150 on PharmEasy.
  9. Spend-Based Annual Fee Waiver:
    • Annual fee waived on spending Rs. 1,00,000 in the previous year.
  10. Joining Fee:
    • Rs. 750 (Plus Applicable taxes).
  11. Renewal Fee:
    • Rs. 750 (Plus Applicable taxes).

Axis Bank Ace Credit Card:

  1. Reward Rate:
    • 2% cashback on all purchases.
  2. Reward Redemption:
    • Any cashback accumulated is directly applied to the balance shown on your statement without the need for manual intervention.
  3. Welcome Benefits:
    • NA.
  4. Lounge Access:
    • Receive four free entries to domestic airport lounges annually.
  5. Insurance Covers:
    • NA.
  6. Dining Benefits:
    • Up to 20% off on dining bills under the Dining Delights program.
  7. Entertainment Benefits:
    • NA.
  8. Other Monthly Offers:
    • NA.
  9. Spend-Based Annual Fee Waiver:
    • Annual fee waived on spending Rs. 2,00,000 in the previous year.
  10. Joining Fee:
    • Rs. 499 (Plus Applicable taxes).
  11. Renewal Fee:
    • Rs. 499 (Plus Applicable taxes).

Which credit card suits you best?

  • When examining the HSBC Cashback and Axis Bank Ace Credit Cards, each provides a range of advantages alongside a comparable cashback rate.
  • When selecting from these cards, it’s essential to thoroughly assess the advantages and characteristics they offer.
  • The HSBC Cashback credit card outshines the Ace Credit card by offering a greater variety of benefits.
  • HSBC Cashback card provides welcome benefits such as SonyLiv Subscription and vouchers from Myntra, Amazon, Ajio, and Swiggy.
  • Access to both domestic and international lounges is included as a welcome benefit with the HSBC Cashback card.
  • Exclusive monthly promotions from EazyDiner, Amazon, Blinkit, and other partners significantly elevate the benefits of owning the HSBC Cashback card.
  • In contrast, the Axis Bank Ace Credit card emphasizes a competitive cashback rate and offers cashback on Swiggy, Zomato, and Ola.
  • The Axis Bank Ace Credit card also provides complimentary access to domestic lounges annually.
  • Choosing between the two cards depends on individual spending behavior and expectations.
  • If seeking cashback on food delivery and annual lounge access, the Axis Bank Ace Credit card is recommended.
  • If you value perks such as a SonyLiv Subscription, a variety of vouchers, and access to lounges, then the HSBC Cashback card stands out as the top choice.
  • Ultimately, the choice hinges on individual inclinations and values.

Frequently Asked Questions (FAQs)

  1. What are the key differences between HSBC Cashback Credit Card and Axis Bank Ace Credit Card?
    • Highlight the distinctive features and benefits that set these two credit cards apart.
  2. How does the cashback structure vary between HSBC Cashback Credit Card and Axis Bank Ace Credit Card?
    • Please furnish information regarding the cashback percentages offered, the choices available for redeeming rewards, and any restrictions that may be applicable to individual cards.
  3. Are there any annual fees for HSBC Cashback Credit Card and Axis Bank Ace Credit Card?
    • Clarify the annual fees and any other charges that cardholders may incur for maintaining these credit cards.
  4. What is the rewards program like for both credit cards?
    • Describe the benefits or loyalty initiatives provided by each card, detailing how users can accumulate rewards and how they can be redeemed.
  5. Do these credit cards offer any special privileges or benefits, such as lounge access or discounts on specific categories?
    • List the extra benefits accompanying each credit card, highlighting any distinctive advantages or exclusive privileges.
  6. What is the acceptance and global presence of HSBC Cashback Credit Card and Axis Bank Ace Credit Card?
    • Examine the global applicability and embrace of different credit cards to assist travelers in comprehending their usefulness when journeying abroad.
  7. How does the interest rate structure compare between HSBC Cashback Credit Card and Axis Bank Ace Credit Card?
    • Provide information on interest rates for purchases, cash advances, and any promotional rates that may apply.
  8. Could you please clarify the requirements one must meet to be eligible for applying for the HSBC Cashback Credit Card as well as the Axis Bank Ace Credit Card?
    • Outline the requirements and eligibility criteria that potential cardholders need to meet for each credit card.
  9. What are the online and mobile banking features associated with HSBC Cashback Credit Card and Axis Bank Ace Credit Card?
    • Explain the array of digital offerings, features within mobile applications, and internet-based management tools accessible through every credit card provider, ensuring no repetition of content.
  10. How do the customer service and support systems differ between HSBC and Axis Bank for their respective credit cards?
    • Discuss the customer service channels, responsiveness, and support features offered by both banks for addressing cardholders’ concerns.

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