HSBC Visa Platinum Credit Card

Welcome Benefit

The HSBC Visa Platinum Credit Card offers the following welcome benefits to new primary cardholders:

Complimentary 3-Month Swiggy One Membership

Activate your HSBC Visa Platinum Credit Card within 30 days of issuance to receive a complimentary 3-month Swiggy One membership. The membership voucher/code will be sent to your registered email address.

2,000 Welcome Reward Points

Earn 2,000 Reward Points by meeting the following conditions within the first 30 days of card issuance:

• Download and register on the HSBC India Mobile Banking App
• Activate your HSBC Visa Platinum Credit Card
• Spend a minimum of ₹5,000

Eligible Reward Points will be credited within 60 days after the completion of the initial 30-day period. The points can be viewed and redeemed through the HSBC India Mobile Banking App.

Movie & Dining benefits

You get a “Buy 1 Get 1” offer on booking movie tickets on Saturdays through BookMyShow. The maximum discount limit is capped at ₹250.

HSBC Visa Platinum Credit Card Rewards

The reward rates offered by the HSBC Visa Platinum Credit Card in different categories are mentioned below:

• Earn 2 Reward Points/₹150 spent.
• 4X Reward Points on flight bookings through Travel with Points (8 Reward Points per ₹150 spent).
• 6X Reward Points on hotel bookings through Travel with Points (12 Reward Points per ₹150 spent).
• 2X Reward Points on car rentals through Travel with Points (4 Reward Points per ₹150 spent).

No Reward Points shall be earned on transactions related to utilities, tax payments, real estate services, non-financial institutions, money transfers, jewelry purchases, insurance, fuel spends, payments to financial institutions, e-wallet loading, bail and bond payments, as well as education and government-related transactions.

Reward Redemption

• You can redeem your reward points under the HSBC Credit Cards Rewards Program for gift vouchers, cosmetics, home appliances, donations, etc.
• On the HSBC Visa Platinum Credit Card, you can easily convert your reward points into AirMiles (British Airways/Singapore Airlines).

HSBC Bank Visa Platinum Credit Card Fees & Charges

The Visa Platinum Credit Card by HSBC has some important fees and charges associated with it, and the most important charges of this card are as follows:

• The HSBC Visa Platinum Credit Card has no joining/annual fee; i.e., it is a free lifetime credit card.
• The interest rate on this credit card is 3.75% per month, charged on the outstanding balance after the payment due date.
• The cash advance fee on the Visa Platinum Credit Card is 2.5% of the amount withdrawn, subject to a minimum fee of ₹500.
• The foreign currency markup fee on this card is 3.5% of the total amount spent on foreign currency transactions.

HSBC Visa Platinum Credit Card Eligibility Criteria

In order to get approved for the Visa Platinum Credit Card by HSBC, you will have to follow certain eligibility criteria, which are mentioned below:

• The applicant’s age should be between 18 and 65 years.
• The applicant should have a stable source of income with a minimum monthly income of ₹6 lakhs.
• This card is issued only to salaried individuals. Self-employed people can apply only if they have a savings/current account in HSBC.
• The applicant should be an Indian resident.
• The applicant should be from one of the following cities: Bengaluru, Chennai, Gurugram, Hyderabad, Mumbai, New Delhi, Noida, Pune, Chandigarh, Kolkata, Jaipur, Ahmedabad, Coimbatore, Kochi, Baroda, Lucknow, Amritsar, Indore, Surat, and Nagpur.

Apply for HSBC Visa Platinum Credit Card

If you meet the above-mentioned eligibility criteria, you can apply for the card online or offline at your convenience. To apply offline, visit your nearest HSBC branch (if there is one in your city) with the required documents and complete the physical application form to apply for the card. To apply online, follow the steps given below:

• Click on ‘Apply Now.’
• Start your application by entering your name & mobile number, then proceed.
• Enter your Aadhaar-linked mobile number.

Conclusion

Recently, HSBC has revalued the Visa Platinum Credit Card, with the needs of those seeking a lifetime free credit card and maximum savings in mind. Now it is available on the Visa Signature variant, offering even more benefits. Even as a card with no joining fee, it provides customers with exclusive welcome benefits, which is one of its exceptional features.

Being a no-annual-fee credit card with decent benefits, it gives direct competition to some other popular cards. With all these advantages in mind, this card is an excellent choice for people looking for an affordable card with multiple exciting benefits.

Even those who simply want an HSBC Credit Card for the novelty or occasional offers, without paying an annual fee, can opt for this card.

This was our review of the HSBC Visa Platinum Credit Card. Make sure to let us know your views on this in the comment section below!