HSBC Visa Platinum Credit Card

HSBC Visa Platinum Credit Card

Best for : Movie & Dining
Card Type :VISA Card Logo
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The HSBC Visa Platinum Credit Card offers you unmatched rewards and offers, with instant recognition and exclusive privileges. One of the best features of the card is that it is a lifetime free credit card that comes with ZERO joining and annual fees. And also you can get offer of Rs 1000 cashback voucher*.

Written by Reshma Rawat |
Edited by Abhijeet Singh
Updated On: Jul 5, 2024

Key Highlights of HSBC Visa Platinum Credit Card

The key highlights of the HSBC Platinum credit card are given below:

FeaturesDetails
Best forRewards & Travel
Joining feeNil
Annual fee Nil
Rewards5X rewards on subsequent purchases made after spending Rs. 4,00,000 (maximum 15000 accelerated reward points) in an anniversary year
Annual income required Minimum Rs. 4,00,000 per annum (for salaried individuals)
Required age 18 to 65 years

Features & Benefits of HSBC Visa Platinum Credit Card

Following are the main HSBC Visa Platinum Credit Card benefits and features:

Joining Benefit

  • Win Amazon e-gift voucher valued at Rs.250 on completion of the online credit card application and Video KYC.

Introductory Offers

  • To win Amazon vouchers worth Rs.500, you must spend at least Rs.5,000 within the first 30 days of your card receiving your order (Valid from 1st January 2024 to 30th June 2024)

Other Benefits

  • Air miles conversion on InterMiles, Singapore Airlines, and British Airways.
  • 5X (5 times) rewards on subsequent purchases made after exceeding Rs. 4,00,000 with a maximum of 15,000 accelerated reward points in an anniversary year.
  • Up to Rs. 3,000 worth of annual savings on fuel surcharge.

Partner Offers

  • Buy 1 get 1 free movie ticket (up to Rs. 250) on bookings through BookMyShow on Saturdays.
  • 15% instant discount on select products at Tata CLiQ in Electronics, Lifestyle, and Luxury categories.

Other Benefits

  • Up to Rs. 3,00,000 covers any misuse of your HSBC Visa Platinum Credit Card for up to 24 hours before reporting and registering the loss.
  • Emergency card replacement if you lose your card with just a call to Visa Global Assistance Services or HSBC Helpline numbers.

HSBC Visa Platinum Credit Card Fees & Charges

Following are the fees and charges levied on the HSBC Platinum card:

  • Standard joining fee: Nil
  • Standard annual fee for the first year: Nil
  • Standard annual fee from second year onwards: Nil
  • Standard annual fee on Add-on card: Nil
  • Balance transfer charges: 10.99% to 15.99% p.a. interest rate across tenures & 1.5% (minimum Rs. 200) processing fee.
  • Finance charges on extended credit: 3.49% p.m. (41.88% p.a.)
  • Late payment fee: 100% of the minimum due payment (minimum Rs. 250 & maximum Rs. 1,200 p.m.)
  • Currency conversion charge for foreign currency transactions: 3.5%
  • Charges for cash payment: Rs. 100.
  • Minimum Payment Due (MPD) on credit usage: Minimum Rs. 100
  • Charges for bounced cheque/ dishonoured SI/ unsuccessful NACH payment: Rs. 500
  • Transaction fee for cash advances at branches and ATMs: 2.5% of the transaction amount (minimum Rs. 500)
  • Transaction fee for cash withdrawal at overseas ATMs: Rs. 100
  • Cash advance limit: As communicated in monthly card statement
  • Overlimit fee: Rs. 500 per month

HSBC Visa Platinum Credit Card Eligibility Criteria

You can apply for an HSBC Visa Platinum credit card on meeting the following eligibility criteria:

  • You must be an Indian resident.
  • Your age must be at least 18 years and a maximum of up to 65 years.
  • Salaried individuals must have an annual income of Rs. 4 Lakhs per annum.
  • You must reside in Bangalore, New Delhi, Noida, Chennai, Hyderabad, Gurgaon, Mumbai, or Pune.

HSBC Visa Platinum Credit Card Documents Required

To apply for an HSBC Visa Platinum Card, you will be required to submit the following documents along with a duly filled-in and signed application form and recent passport-sized photographs: 

  • If you are an employee of a Multinational Corporation (MNC): Salary slips/ Salay certificate.
  • If you have other credit cards: A copy of the front of your credit card along with your latest credit card statement.
  • If you are a salaried employee of a Private Limited Company: A copy of your latest salary slip and the last 3 months of bank statements showing salary credits.
  • Proof of residence and identity.
  • Permanent Account Number (PAN) Card/ Form 60.

*This list of documents is for reference only. The bank may need additional documents during credit card processing.

How to Apply HSBC Visa Platinum Credit Card?

You can apply for an HSBC Visa Platinum Credit Card through MyMoneyMantra.

  • To apply, click on the "Apply Now" button.
  • You will be redirected to the HSBC Bank website.
  • Fill in the required details and submit.

HSBC Visa Platinum Credit Card FAQs

Your HSBC Visa Platinum Card’s credit limit is decided at the discretion of the bank. The HSBC Bank conducts thorough checks before assigning a specific limit to each customer. Some key factors that play a major role in deciding your credit card limit are your credit score, credit report, and previous/existing debt repayment habits.

Anyone who meets the following eligibility criteria can apply for an HSBC Visa Platinum Credit Card:

  • Applicant must be an Indian resident.
  • Applicant’s age must be at least 18 years and a maximum of up to 65 years.
  • Salaried applicants must be earning an annual income of Rs. 4 Lakhs per annum.
  • Applicant must reside in Bangalore, New Delhi, Noida, Chennai, Hyderabad, Gurgaon, Mumbai, or Pune.

Yes, you can use this card for foreign transactions without any extra charges. However, the bank will levy an applicable currency conversion rate in the country where you make the transaction.

Yes, the card offers 5X (5 times) rewards on subsequent purchases made after exceeding Rs. 4,00,000, with a maximum of 15,000 accelerated reward points in an anniversary year.

Yes, you can win an Amazon e-gift voucher valued at Rs. 250 on completion of the online credit card application and Video KYC. You also get the chance to avail of the following introductory offers:

  • New customers can get the welcome privileges on a minimum transaction of Rs. 2,500 within 30 days of card issuance (valid from 01.01.2024 till 30.06.2024):
     
  • Amazon voucher worth Rs. 500

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