HSBC Visa Platinum Credit Card
MyRupaya Ratings
Product Details
Credit Card Name :
HSBC Visa Platinum Credit Card
Bank Name :
HSBC Bank
Type :
Lifestyle Credit Card
Interest Rate :
3.49% p.m. (41.88% p. a.)
Eligibility :
You must be aged between 18 to 65
Minimum annual income must be INR4,00,000 per annum for salaried individuals
Current city of residence should be: Bangalore, Chennai, Gurgaon, Hyderabad, Mumbai, New Delhi, Noida, or Pune
Pros
Welcome Benefit: Users will get INR 500 cashback when they download and log on to the HSBC India Mobile Banking app and spend INR 5000 within the first 30 days of getting the card and an INR250 Amazon e-gift voucher when they apply for the card online and complete video KYC (VKYC).
Reward System: The cardholder will earn 2 reward points for every purchase of 150 on the credit card. These reward points can be redeemed for vouchers or Airmiles. Cardholders will get 5X reward points on any purchase made after spending INR4,00,000 subject to a maximum cap of 15,000 accelerated reward points in an anniversary year.
No joining and annual fees.
Up to INR3,000 annual savings on fuel surcharge.
Additional Benefits include- 1. Zero card lost liability. 2. Emergency Card replacement. 3. Insurance benefits. 4. Globally accepted card.
Cons
Welcome bonus can only be availed on fulfilling a minimum transaction limit in 30 days.
Pros & Cons
Welcome Benefits
Users will get INR 500 cashback when they download and log on to the HSBC India Mobile Banking app and spend INR 5000 within the first 30 days of getting the card and an INR250 Amazon e-gift voucher when they apply for the card online and complete video KYC (VKYC).
Rewards System
The cardholder will earn 2 reward points for every purchase of 150 on the credit card. These reward points can be redeemed for vouchers or Airmiles.
International Forex Markup
Welcome Benefits and Reward System
Special Features
The HSBC Platinum Credit Card can be used at over 18 million outlets and at over 1 lakh locations in India and globally.
Eligibility Criteria
You must be aged between 18 to 65
Minimum annual income must be INR4,00,000 per annum for salaried individuals
Current city of residence should be: Bangalore, Chennai, Gurgaon, Hyderabad, Mumbai, New Delhi, Noida, or Pune
Benefits
Nil joining and annual fees
Introductory benefits up to INR6,350 with 3 complimentary airport lounge access at domestic & international lounges or 3 AirDine (meal)vouchers Air miles conversion on InterMiles, British Airways and Singapore Airlines
5-times (5X) rewards on subsequent purchases made after crossing spend amount of INR400,000 with a max 15,000 accelerated reward points in an anniversary year
Up to INR3,000 annual savings on fuel surcharge Welcome offer is also provided to the new users.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Visit the official HSBC India website and navigate to the credit card section.
Locate the application form for the HSBC Visa Platinum Credit Card.
Complete the credit card application form with accurate and up-to-date information.
Double-check for any errors before submitting the application.
Upload or submit scanned copies of the required documents along with your application form.
Ensure that these documents are clear and legible.
HSBC may contact you for further verification or documentation if necessary.
Once your application is approved, you will receive an approval notification.
After approval, HSBC will send the HSBC Visa Platinum Credit Card to your registered mailing address.
Make sure to activate the card as per the instructions provided.
Contact Details
HSBC Personal Banking / Credit Cards
1800 267 3456 1800 121 2208
Account Opening and Procedure
Recommended Credit Cards
Pros:-
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Cons:-
Welcome Benefit: Users will get INR 500 cashback when they download and log on to the HSBC India Mobile Banking app and spend INR 5000 within the first 30 days of getting the card and an INR250 Amazon e-gift voucher when they apply for the card online and complete video KYC (VKYC).
Reward System: The cardholder will earn 2 reward points for every purchase of 150 on the credit card. These reward points can be redeemed for vouchers or Airmiles. Cardholders will get 5X reward points on any purchase made after spending INR4,00,000 subject to a maximum cap of 15,000 accelerated reward points in an anniversary year.
No joining and annual fees.
Up to INR3,000 annual savings on fuel surcharge.
Additional Benefits include- 1. Zero card lost liability. 2. Emergency Card replacement. 3. Insurance benefits. 4. Globally accepted card.
Welcome bonus can only be availed on fulfilling a minimum transaction limit in 30 days.
The HSBC Visa Platinum Credit Card is a solid choice for beginners or budget-conscious individuals seeking a no-fee card with basic rewards and perks. It offers decent value for everyday spending, with the potential to boost earnings through annual spend milestones. However, if you're a high spender or prioritize higher reward rates, diverse redemption options, or welcome gifts, other cards might be more suitable.
HSBC Visa Platinum Credit Card
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
Joining Fee-NIL,
Annual Fee-NIL
Cash advance fee: 2.5% of the cash withdrawn or Rs 500. (Whichever is higher)
Interest Rates: 3.49% per month (41.88% per annum)
Late payment fee (Charged if minimum amount due does not reach HSBC within 3 days of payment due date- Subject to a minimum of `250 and a maximum of `1,200 per month
Foreign Currency Transactions Fees: 3.5%.
Reward Redemption Fees: Rs. 50 per request
Fuel Surcharge
Billing Cycle
30 Days