HSBC Visa Platinum Credit Card

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HSBC is one of the prominent banks in the country and offers an array of products and services to its customers. One of the products offered by the HSBC bank is Visa Platinum card which comes at zero joining and annual fee. 

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The Visa Platinum credit card offered by the HSBC bank is a lifestyle credit card, that offers exclusive benefits, including global acceptance and attractive rewards. It also comes with features like contactless payments, dining discounts, and convenient balance transfers at low interest rates. Read on to know more about the HSBC Visa Platinum credit card. 

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Key Highlights of HSBC Visa Platinum Credit Card

The key highlights about the HSBC Visa Platinum credit card are mentioned below: 

  1. A lifestyle credit card with attractive offers and rewards.
  2. Zero joining fee and annual fee.
  3. Exciting introductory offers.
  4. Accelerated reward points on select categories.

Introductory offers:

The welcome offer provided with HSBC Visa Platinum credit card are mentioned below: 

  1. On applying for the card online, completing e-KYC, and receiving the card, the cardholders will receive Amazon eGift voucher worth Rs.100. 
  1. With this credit card, you also get Rs.500 cashback when you spend Rs.5,000 within 30 days of card issuance using the HSBC India Mobile App. 

*TnC Applicable

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Features and Benefits of HSBC Visa Platinum Credit Card

The features and benefits of HSBC Visa Platinum credit cards: 

  1. Joining Fee Waiver: Zero joining and annual fees.
  2. Air Miles Benefit: Offers air miles conversion with Etihad Airways, British Airways, Air India, and Singapore Airlines. 
  1. Fuel Surcharge Waiver: Get up to Rs.3,000 waiver on fuel surcharges annually. 
  1. Reward Point Benefit: On spending Rs.150 using HSBC Visa Platinum credit card, the card offers two reward points. On spending Rs.4 lakh, the card offers 5X reward points subject to up to 15,000 accelerated reward points in an anniversary year.
  1. Insurance Coverage: Offers insurance coverage of up to Rs.3 lakh for lost cards if reported within 24 hours.  
  1. Add-on Benefits: Provides other benefits, such as balance transfer; offers and discounts on selected partners; emergency card replacement; Google pay using the card; and cash advance. 
  1. Balance Transfer: You can move your outstanding balances from your other bank credit cards to your HSBC credit card and repay them in easy monthly installments at a lower interest rate. 
  1. Emergency Card Replacement: You can apply for your HSBC card replacement and get it within three working days anywhere in the world, in case you lose it. 

HSBC Visa Platinum Credit Card Fees and Charges

The fees and charges applicable on HSBC Visa Platinum credit card: 

Type of fee or charge 

Amount (Rs.)

Joining Fee

NIL

Annual fee

NIL

Interest rate

3.75% per month

Cash withdrawal fee

Overseas ATM: Rs.100 

Non-HSBC ATM: Nil 

Charges for rental and related payments

1% processing fee plus applicable taxes

Fee for cash payments

Rs.100

Fee for bounced cheques, failed standing instructions (SI), or unsuccessful NACH payments

Rs.500

Balance transfer charges

Interest rate: 10.99% to 15.00% p.a. 

Processing fee of 1.50% up to Rs.200

Overlimit fee

2.5% of the overlimit amount or Rs.500 (whichever is higher) plus GST

Late payment fee

100% of the minimum due amount (subject to a minimum of Rs.250 and a maximum of Rs.1200)

Currency conversion fee 

3.5%

Cash payment at HSBC branches

Rs.100

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Eligibility Criteria for HSBC Visa Platinum Credit Card

The basic eligibility to apply for HSBC Platinum Visa Credit Card is provided below:

  1. The minimum age of the applicant must be 18 years and the maximum should be 65 years.
  2. The minimum gross annual income should be Rs.4 lakh for salaried individuals.
  3. Applicants must be Indian residents. 
  4. You Should be a resident of the cities in which the credit card is offered. Currently, the card is available in major cities such as Mumbai, National Capital Region (NCR), Pune, Bengaluru, Chennai, Kochi, Hyderabad, Noida, Jaipur, Ahmedabad, Gurgaon, Chandigarh, Coimbatore and Kolkata.

Documents Required for HSBC Visa Platinum Credit Card

If you are eligible to apply for the HSBC Visa Platinum Credit Card, please submit the following documents to complete your application: 

  1. Latest pay slip or salary certificate from your employer 
  1. Copy of an existing credit card (front) and the most recent credit card statement 
  1. Bank statements for the last 3 months showing salary credits 
  1. Proof of identity, residence, and PAN card or Form 60 

How to Apply for HSBC Platinum Credit Card through BankBazaar

You can apply for the HSBC Platinum Visa Credit Card through BankBazaar by following the steps mentioned below:

Step 1: Click on the 'Apply Now' button on this page.

Step 2: To find out if you are eligible to apply for the card, fill out the necessary information.

Step 3: The online application page will be displayed to the eligible applicant.

Step 4: Complete the online application and click the 'Submit' option.

Step 5: Upload the requested documents and submit them.

You will get an acknowledgement message with the Application ID on your registered mobile number after successfully submitting the application. You can use this Application ID to check the status of your credit card application.

FAQs on HSBC Platinum Credit Card

  • What are the joining and annual fees for the HSBC Visa Platinum Credit Card?

    The HSBC Visa Platinum Credit Card comes with no joining or annual fees.

  • What is the minimum annual income required to apply for the HSBC Visa Platinum Credit Card?

    The minimum annual income required is Rs.4 Lakh for salaried individuals.

  • What are the key benefits of the HSBC Platinum Credit Card?

    The HSBC Platinum Credit Card offers a range of benefits including cashback on dining, fuel surcharge waivers, reward points on every purchase, and exclusive lifestyle offers. It may also include complimentary lounge access at select airports

  • What is the validity of the reward points on the HSBC Platinum Card?

    The validity of reward points is typically tied to the credit card's anniversary year, so points must be redeemed before the year ends to avoid expiration.

  • Who is eligible to apply for the HSBC Platinum Credit Card?

     Applicants should typically be between 18 and 65 years of age, with a stable source of income. Salaried individuals and self-employed professionals meeting the bank’s income criteria are eligible to apply. 

  • Is there a fuel surcharge waiver on this card?

    Yes, the card typically offers a 1% fuel surcharge waiver on fuel transactions at select fuel stations, subject to monthly caps and minimum transaction limits.

  • How can I redeem the reward points earned on the card?

    Reward points can be redeemed through HSBC’s online rewards portal for vouchers, merchandise, air miles, or statement credit, depending on availability.

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