Our Money Guide
HSBC Visa Platinum Credit Card

Pros and Cons of HSBC Visa Platinum Credit Card

Pros

  • Lifetime free card
  • If you utilize the 5X rewards benefit well and redeem for air miles, you can earn a good reward rate, especially for a lifetime free card

Cons

  • Reward rate for lower card spends is not very attractive

Features & Benefits of HSBC Visa Platinum Credit Card

Lifetime free card

There is no joining fee or annual fee on the card.

1.33% reward (in terms of airmiles), on all annual card purchases upto  ₹4 lakhs (X)

You earn 1.3 reward points worth 1.3 airmiles, on every ₹100 you spend (2 reward points on every ₹150 spend)

1 reward point = 1 British Airways Airmile (called Avios).

You get a lower value of reward points on HSBC’s rewards redemption platform, or if you convert reward points into airmiles of other airlines.

6.66% reward (in terms of airmiles), on all annual card purchases between ₹4 lakhs and ₹6.25 lakhs (5X)

You earn 6.6 reward points worth 6.6 airmiles, on every ₹100 you spend (10 reward points on every ₹150 spend).

The 5X accelerated reward points are restricted to 15000 per year, which you will reach when you reach ₹6.25 lakhs annual card spend

1 reward point = 1 British Airways Airmile (called Avios).

Fuel surcharge waiver, upto ₹250 per month

You get a 1% fuel surcharge waiver on fuel transactions between ₹400 and ₹4000 only. And on fuel spends upto ₹25000 per month, since the waiver amount is restricted to ₹250 per month.

HSBC Visa Platinum Credit Card Fees & Charges

Annual fee

Annual feeAnnual fee offers
1st year joining feeLifetime freeWelcome offer : You get an Amazon voucher worth ₹500, upon spending ₹5000 on your card within 30 days of card issuance. This offer is valid till 30th June 2024.
Renewal fee from 2nd year onwardsLifetime free

To view all terms and conditions and fees & charges, please click here – HSBC Visa Platinum Credit Card Fees & Charges

Eligibility criteria

Minimum age18 years
Maximum age65 years
OccupationSalaried or self-employed
Minimum income ₹4 lakhs per year (for salaried individuals)
Credit scoreNot specified, preferably above 750
Cities where this card is availableBangalore, Chennai, Gurgaon, Hyderabad, Mumbai, New Delhi, Noida, or Pune

Documents required

Required documents 
– PAN card copy
– Identity proof : PAN card , driving license, valid passport, voter ID (any one)
– Proof of residence : electricity bill, phone bill, driving licence, passport, ration card, bank statement, passbook, voters ID, flat maintenance bill, rent agreement (any one)
– Income proof : latest salary slip OR the front side of the card and the latest credit card statement, if you’re already using another credit card

Additional documents maybe required on a case-to-case basis.

How do I apply for the HSBC Visa Platinum Credit Card?

Online application process 
The easiest way is to click here – APPLY NOW , you shall be taken to the card application page on the HSBC Bank website.

You can also visit official website of the bank and fill out the application form. The bank’s website and mobile app offer a user-friendly interface that makes the application process quick and easy.

Points to note-
– Complete KYC with one video call and enjoy contactless banking with HSBC
– Keep PAN card , Aadhaar number and income documents handy to complete your application
– To fast-track your application, provide details as mentioned in Aadhaar. For e.g. please mention mobile number linked with Aadhaar
Offline (face to face)  application processYou can visit any of the nearest branches of the bank and talk to an executive regarding the process.
Apply Now