If you are looking for a versatile credit card with a rewarding experience, the HSBC Visa Platinum Credit Card is the right choice. This card offers a comprehensive rewards program along with various lifestyle and travel benefits. It is designed for individuals who seek value in their everyday transactions. Whether you enjoy dining out, traveling, or shopping, this card provides ample opportunities to earn and redeem rewards.
Other card benefits include a fuel surcharge waiver, discounts on movie tickets, and exclusive dining offers. Moreover, it is a lifetime free credit card with no annual fee, ensuring you get maximum benefits without additional costs. Read on to learn more about the HSBC Visa Platinum Credit Card:
Overview
| Feature | Details |
|---|---|
| Card Type | Lifestyle Credit Card |
| Reward Rate | Up to 3 Reward Points per ₹100 spent |
| Reward Value | 1 Reward Point = ₹0.25 |
| Annual Fee | None |
| Unique Selling Points | Comprehensive rewards program, lifestyle and travel benefits |
| Rating (out of 5) | 4.3 |
Table of Contents
Welcome Benefits
| Welcome Benefit | Details |
|---|---|
| Reward Points | 2,000 Reward Points on first transaction |
| Additional Benefits | ₹2,000 worth of vouchers from popular brands on spending ₹10,000 within the first 60 days |
Charges for Card
| Fee Type | Charges |
|---|---|
| Joining Fee | None |
| Renewal Fee | None |
| Finance Charges | 3.3% per month (39.6% per annum) |
| Late Payment Fee | ₹400 to ₹750 based on the outstanding balance |
| Foreign Transaction Fee | 3.5% + GST |
| Rent Payment | 1% fee using third-party apps like CRED, Paytm |
| Education | 1% fee using third-party apps |
| Utilities | No additional charges |
HSBC Visa Platinum Credit Card Benefits
Travel Benefits: Access to over 1,000 airport lounges worldwide with complimentary Priority Pass membership (usage fees apply).
Dining Offers: Up to 15% discount at partner restaurants through the HSBC Dining Privileges program.
Fuel Surcharge Waiver: Waiver of 2.5% fuel surcharge on transactions between ₹400 and ₹4,000 at all petrol pumps in India.
Movie Ticket Discounts: Get 25% off on movie tickets booked via BookMyShow (up to ₹150 per transaction, twice a month).
Insurance and Protection: Complimentary air accident insurance of ₹1 crore, purchase protection, extended warranty, and fraud liability coverage.
Rewards
| Spend Category | Reward Rate |
|---|---|
| Online Spends | 3 Reward Points per ₹100 spent |
| Dining and Hotels | 3 Reward Points per ₹100 spent |
| All Other Spends | 1 Reward Point per ₹100 spent |
| Reward Value | 1 Reward Point = ₹0.25 |
| Rewards Expire in | 3 years |
Milestone Benefits
| Spending Milestone | Reward Earned |
|---|---|
| Annual Spend of ₹1 Lakh | 5,000 Reward Points |
| Annual Spend of ₹2 Lakh | 10,000 Reward Points |
Redemption
Reward Points can be redeemed for:
- Shopping Vouchers: Use points to get vouchers for leading brands.
- Travel Bookings: Redeem points for flight and hotel bookings.
- Gift Vouchers: Available for various brands and services.
- Statement Credit: Convert points to credit on your statement.
Airport Lounge Access
| Access Type | Details |
|---|---|
| Domestic Lounges | Complimentary access via Visa Lounge Access program (usage fees may apply) |
Forex Markup Fee
| Fee Type | Charges |
|---|---|
| Forex Markup Fee | 3.5% + GST on all international transactions |
Who Should Get the Card
The HSBC Visa Platinum Credit Card is perfect for individuals who want a versatile credit card with comprehensive rewards and benefits. With no annual fee and a host of lifestyle and travel perks, this card is designed to provide value for your everyday spends. Whether you are a frequent traveler, a dining enthusiast, or someone who enjoys shopping, this card has something for you. Unlock your financial potential with the HSBC Visa Platinum Credit Card.
Eligibility for HSBC Visa Platinum Credit Card
To apply for the HSBC Visa Platinum Credit Card, applicants must meet the following criteria:
- Age: 18 to 70 years
- Income: Minimum ₹5 lakh per annum for salaried and self-employed individuals
- Documents Required: Aadhar Card, PAN Card, proof of income (latest salary slips, bank statements, or ITR), and residence proof.
Card Review
Along with being a highly rewarding card, the HSBC Visa Platinum Credit Card is one of the most popular lifestyle cards in the market. It has a robust reward point system where you earn rewards on various spend categories. Besides this, it offers several benefits like travel perks, dining discounts, fuel surcharge waiver, and complimentary insurance covers. This card is best suited for people who want a comprehensive rewards program with no annual fee. You won’t regret opting for this practical and value-for-money credit card. Another card you must check is the HSBC Premier MasterCard, which offers additional exclusive benefits.
This was the HSBC Visa Platinum Credit Card review from our side. Let us know your views on this card in the comment section below!
Pros and Cons
| Pros | Cons |
|---|---|
| No annual fee | High foreign transaction fee |
| Comprehensive rewards program | Limited airport lounge access |
| Travel and dining benefits | Usage fees apply for Priority Pass membership |
Similar Cards to HSBC Visa Platinum
| Feature | HSBC Visa Platinum Credit Card | HDFC Regalia Credit Card | ICICI Bank Coral Credit Card | SBI Elite Credit Card |
|---|---|---|---|---|
| Annual Fee | None | ₹2,500 + GST | ₹500 + GST | ₹4,999 + GST |
| Lounge Access | Visa Lounge Access program | Priority Pass membership | 1 complimentary domestic lounge visit per quarter | 6 international lounge visits per year |
| Reward Rate | Up to 3 points per ₹100 spent | 4 points per ₹150 spent | 2 points per ₹100 spent | 2 points per ₹100 spent |
| Reward Value | 1 point = ₹0.25 | 1 point = ₹0.50 | 1 point = ₹0.25 | 1 point = ₹0.25 |
| Special Benefits | Lifestyle and travel benefits | Travel, dining, and golf benefits | Dining discounts, fuel surcharge waiver | Premium travel and lifestyle benefits |
Relevant Links
To help our readers navigate our website and find additional relevant content, here are some internal links you might find useful:
- Best Lifetime Free Credit Cards in India
- Best Lifestyle Credit Cards in India
- How to Maximize Credit Card Rewards
- HSBC Credit Cards
For more detailed information about HSBC credit cards and other financial products, you can visit the official HSBC website.
FAQ
Q: What is the annual fee for the HSBC Visa Platinum Credit Card?
A: There is no annual fee for the HSBC Visa Platinum Credit Card.
Q: How can I earn reward points with the HSBC Visa Platinum Credit Card?
A: You can earn up to 3 Reward Points per ₹100 spent on various categories such as online spends, dining, and hotels.
Q: How can I redeem the reward points earned with the HSBC Visa Platinum Credit Card?
A: Reward Points can be redeemed for shopping vouchers, travel bookings, gift vouchers, and statement credit through the HSBC rewards portal.
Q: Does the HSBC Visa Platinum Credit Card offer any special benefits for dining?
A: Yes, the card provides up to 15% discount at partner restaurants through the HSBC Dining Privileges program.
Q: What milestone benefits are available with the HSBC Visa Platinum Credit Card?
A: You can earn 5,000 Reward Points upon spending ₹1 Lakh annually and another 10,000 Reward Points upon spending ₹2 Lakh annually.
Q: Is the HSBC Visa Platinum Credit Card worth it for lifestyle benefits?
A: Absolutely. With no annual fee and a comprehensive rewards program, this card offers great value for those seeking lifestyle and travel benefits.
