HSBC Visa Platinum Credit Card
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Reward Points
Lifetime Free
No joining/annual fee
Rewards
Up to 5x reward points
Welcome Benefit
Bonus 10% cashback
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About HSBC Visa Platinum Credit Card
HSBC Visa Platinum is a lifetime free entry-level credit card for salaried individuals. The card offers rewards on all spends, but accelerated rewards can be earned beyond annual spends of Rs. 4 lakh. Though the value can be high for beginners or those who don’t frequently use their credit card, heavy spenders can fetch good returns.
One of the key highlights of the card is its introductory offer under which the cardholders get an Amazon voucher. However, users must understand that this is just a one-time benefit that should not be a deciding factor to avail this card. Additionally, even while the card offers conversion to airmiles, the list of partners is not too exhaustive. Those who don’t mind paying an annual fee but want the air miles conversion option on the accumulated rewards can definitely find a better option with multiple airline partners. However, for lifetime-free credit cards, the offered benefits are good to stick to this card.
Reward Benefits
The card offers rewards on all spends as follows:
- 2 reward points for every Rs. 150 spent
- 5X reward points i.e. 10 per Rs. 150 on spends beyond annual spends of Rs. 4 Lakh in a year (capped at 15,000 accelerated reward points in an anniversary year)
Also Read: Best Credit Cards in India 2025
Redemption Options:
- Redeem for vouchers across a variety of categories including varying lifestyle categories like jewellery, fashion accessories, apparel, home appliances, electronic equipment and cosmetics.
- Conversion to airmiles in the ratio of 2:1 with Air India’s Flying Returns (For Star Alliance members), Singapore Airlines(Kris Flyer), British Airways Executive Club (Avios), Etihad Airways and InterMiles (formerly known as JetPrivilege).
Other Features and Benefits
- Welcome Benefits: The card offers an Amazon voucher worth Rs. 250 on completing the online credit card application and Video KYC
- Zero-liability for Lost Cards: In the case of lost/theft of your HSBC Visa Platinum Credit Card, you will have no liability for the transactions made once you report and register the loss of your card
- Emergency Card Replacement: You can call Visa Global Assistance Services or HSBC Helpline numbers if you lose your credit card and request to cancel your card and replace it with an emergency card within the next 3 days
- Fuel Savings: Avail annual savings of up to Rs. 3,000 via fuel surcharge waiver
Suggested Read: Fuel Credit Cards In India
HSBC Visa Platinum: Charges
| Fee Type | Amount |
|---|---|
| Joining Fee | Nil |
| Finance Charges | 3.3% p.m. | 39.6% p.a. |
| Minimum Payment Due (MPD) on extended credit usage | 5% of the total payment due (minimum of Rs. 100) |
Things to Know Before you apply
Consider this card if:
You want a lifetime free credit card
You prefer earning rewards over cashback
You can spend beyond Rs. 4 Lakh in a year to earn accelerated benefits
Eligibility Requirements
Age: 18 to 65 years
Occupation: Salaried
Minimum Income: Rs. 4 Lakh per annum
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What do we like about this card?
For a lifetime free credit card, the HSBC Visa Platinum credit card offers good benefits, especially around the introductory offers and redemption options around five popular air miles with a decent conversion value of 2:1.
Pros
- Lifetime free credit card
- Redemption to redeem rewards against airmiles
- Good welcome benefits at zero annual fee
Cons
- Low rewards earning rate
- No lifestyle-related offers apart from a basic rewards program
- No complimentary lounge access is offered
Conclusion
The HSBC Visa Platinum Credit Card could be a viable option for consumers who are new to credit and are looking for a lifetime free credit card. The best part about this card is that it provides a sign-up bonus of Rs. 2,250, which is a decent offer as compared to other lifetime free cards available in the market. However, these benefits should not be a deciding factor to own the card as other lifestyle benefits are limited. Having said that, the accelerated reward benefits, i.e., 5x rewards on spends above Rs. 4 lakh, can be a great option for heavy spenders seeking reward benefits at zero annual fee.
Frequently Asked Questions
Everything you need to know about this credit card
HSBC Visa Platinum is an entry-level credit card, ideal for individuals who are new to credit. You can earn reward points on every spend and redeem them for airmiles, vouchers, and more, as per your preferences.
HSBC does not charge any joining or annual fee from HSBC Platinum credit card users.
Yes, HSBC Visa Platinum credit card is a lifetime free credit card without any joining or annual fee.
No, HSBC Platinum credit card does not offer any complimentary airport lounge access to its users.
Credit card limit varies depending on the individual and as per their credit score, credit history, income and other related factors. So, there is no fixed credit limit that is assigned to all the cardholders.
Currently, HSBC Visa Platinum Credit Card does not offer any exclusive benefits on movie spends. However, you can earn reward points on your online as well as offline transactions.
You can redeem your accumulated reward points through the HSBC rewards catalogue for products or vouchers. Additionally, you can convert your points into air miles at a 2:1 ratio.
To apply for HSBC Visa Platinum Credit Card online, visit the official HSBC website and apply through the card’s page. Alternatively, you can visit any of the nearest bank branches and apply offline by submitting the credit card application form.
HSBC Visa Platinum is an entry-level card that offers basic benefits such as reward points on every spend, an Amazon voucher worth Rs. 250 as a welcome benefit, zero liability on lost cards, and emergency card replacement.
Footnotes
- Rent, insurance, Government transactions, utilities, fuel, spends towards educational institutions, gold jewellery and wallet transactions are excluded from rewards program.
Click here to know More Terms and Conditions
Megha Khanna
Megha is an experienced writer with a specialization in credit cards and personal finance. With a keen eye for detail and a passion for helping readers make informed financial choices, she creates engaging content that demystifies the complexities of credit cards, from rewards and benefits to interest rates and fees.
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