HSBC VISA Platinum credit card is best suited for shopping, dining and fuel purchases. The cardholder can also earn reward points and get an access to a host of other premium services from the bank including concierge services, zero lost card liability and emergency card replacement.
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HSBC VISA Platinum credit card has the following features:
Zero Liability for Lost Card – One can get covered for misuse of his/her HSBC Visa Platinum credit card up to 24 hours before reporting and registering, for up to Rs. 3,00,000
Emergency Card Replacement – If the customer loses his/her HSBC VISA platinum credit card, one can call Visa Global Assistance Services or HSBC Helpline numbers and have his/her card canceled and an emergency card issued anywhere in the world in 3 days. One can also opt to receive emergency cash at over 22,000 outlets globally
Other Benefits – The users can also avail benefits like cash advance, additional credit cards, global access, online convenience, 24×7 customer access via phone banking
Below mentioned are the important benefits of HSBC Visa Platinum credit card:
Introductory Benefits – The customers can avail the following benefits on joining. These are valid from 1st jan 2020 to 31st March 2020.
Accelerated Rewards- Earn 5X reward points on subsequent purchases made after spending Rs. 4 lakh or more in a year up to Rs.15,000 Accelerated Reward Points in a year.
Saving on Fuel- Get fuel surcharge waiver at any fuel pump across India for transactions between Rs. 400 and Rs. 4,000 with the maximum amount capped at Rs. 250 per calendar month.
Travel Benefits- Get enhanced travel benefits on Singapore Airlines through Air Miles conversion.
Dining Discount- Get up to 15% dining discount in over 1,000 restaurants across the country. Click here to see the list of participating restaurants.
Also Read- HSBC Credit Card Reward Points
*Get 2 airport lounge access to Domestic and International lounges or 2 meal vouchers of INR 400 each for use at airport restaurants on first transaction on the HSBC Credit Card. The first transaction should be executed by 5 May 2020. The above calculation is based on 1 Primary and 2 Supplementary cards.
Below mentioned are the fees and charges of HSBC VISA Platinum credit card :
| Fee | Amount |
| Joining Fee | Nil |
| Annual Fee | Nil |
| Add-on Fee (per annum) | Nil |
| Finance Charges | 3.3% p.m. (39.6%* p.a.) computed from the date of transaction |
| Interest-Free Credit Period | Up to 52 days |
| Minimum Payment Due (MPD) on extended credit usage | 5% of the total payment due to the statement plus greater of past due or over limit due (if any), subject to a minimum of `100. Interest will be charged on the extended credit as per terms and conditions |
| Duplicate Statement Request | Rs. 100 per statement (beyond last 3 months) |
| Charge in case of cheque bounce, standing instruction dishonored or unsuccessful payment through ECS | Rs. 350 |
| Transaction fee for cash advances against your credit card account at branches and ATMs | 2.5% of transaction amount (subject to a minimum of Rs. 300) |
| Over Limit Fee | Rs. 500 per month |
HSBC VISA Platinum credit card’s eligibility criteria are:
What is zero liability for lost card?
Zero liability lost card means that the cardholder will not held responsible for unauthorized transactions made with cardholder’s account.
Will I be charged if I use my card overseas?
You will be charged a transaction fee for cash withdrawal of Rs. 100 at overseas ATMs.
Can I opt for emergency cash?
Yes, you can opt to receive emergency cash at over 22,000 outlets globally.
What are the identity proofs required to apply for HSBC VISA Platinum credit card?
The identity proofs required to apply for HSBC VISA Platinum credit card are :
| Credit Card | Annual Fee | Reward Points | Net Savings |
| HSBC VISA Platinum Credit Card | NIL | Earn 2 Reward Points for every Rs. 150 spent | Rs. 14,167* Rs. 22,833** |
| HDFC Moneyback Credit Card | Rs.500 | Earn 2X Rewards on online spends | Rs.484* Rs.1,480** |
| Standard Chartered Platinum Rewards Credit Card | Rs.250 | Earn 5 Reward Points for every Rs.150 spent at partner dining restaurants | Rs.8,510* Rs.9,782** |
| ICICI Bank Coral Contactless Credit Card | Rs.500 | Earn 2 Payback Points on every Rs.100 spent | Rs.10,636* Rs.15,771** |
| Standard Chartered Manhattan Platinum Credit Card | Rs.999 | Earn 3X Reward Points on Hotel Reservations, Dining, Utility Bills etc. | Rs.8,697* Rs.16,293** |
*On spending Rs.2 lakh annually
**On spending Rs.4 lakh annually
Other recommended reward credit cards are:
| Credit Card | Annual Fee | Key Feature | Paisabazaar Rating |
Rs. 2,999 | Earn 20 reward points per Rs. 100 spent on utility bill payments through standing instructions | 4.2/5 | |
Rs. 2,500 plus taxes | Earn 15,000 reward points on spending Rs.8 lakh or more in every anniversary year | 4.5/5 | |
| ICICI Bank Manchester United Signature Credit Card | Rs. 2,499 | Earn 5 PAYBACK points per Rs. 100 spent at retail purchases | 3.2/5 |
Rs. 5,000 | Earn Welcome Gift of 5000 milestone bonus membership reward points | 4.4/5 |
