HSBC Visa Platinum Credit Card 2025 Highlights, Benefits, Features, Eligibility Criteria, Documents Required, How to Apply?

January 5, 2025 by Penny Gusner

Good for

Families / individuals who spend in general categories and who consistently spend at least $600 a month

HSBC Visa Platinum Credit Card 2025 Lifestyle Benefits

1. Free travel vouchers.
2. 10% cashback within the initial 60 days of receiving the card.
3. 15% discount on dining at affiliated restaurants in key Indian cities.

HSBC Visa Platinum Credit Card Fees and Charges

Type of fee or charge	Amount (Rs.)
Joining Fee	NIL
Annual fee	NIL
Interest rate	3.3% per month
Cash withdrawal fee	2.5% of the transaction amount (subject to a minimum of Rs.300)
Rewards redemption fee	Rs.50 per request
Duplicate statement fee	Rs.100 per statement which is older than 3 months
Cheque bounce/Unsuccessful ECS payment	Rs.500
Cash withdrawal fee at foreign ATMs	Rs.100
Overlimit fee	Rs. 500 per month
Late payment fee	50% of the minimum due amount (subject to a minimum of Rs.250 and a maximum of Rs.1200)
Sales slip retrieval fee	Rs.225 per month
Out-of-town cheque processing	Rs.50 for up to Rs.10,000 Rs.100 for processing amount between Rs.10,001 and Rs.1 lakh Rs.150 for cheque amount more than Rs.1 lakh
Credit card replacement fee – India and abroad	Rs.100
Currency conversion fee	3.5%
Cash payment at HSBC branches	Rs.100
Copy of Credit Information Report	Rs.50

Benefits and Features

Enjoy all the card’s features and benefits at no cost with HSBC’s Visa Platinum Credit Card, which has no joining fee or annual fee.

Introductory offers: Receive a Rs.500 Amazon gift voucher by making purchases of Rs.5,000 within 30 days of receiving the card. This offer is applicable only for cards issued between 1 Jan 2025 and 30 June 2025.

Reward points program: Receive 2 rewards points for every Rs.150 spent on retail transactions. Enjoy up to 5 times more rewards points, which means 10 reward points for each purchase after reaching an annual spending threshold of Rs.4 lakh, up to a maximum of Rs.10 lakh within 12 months of activating the card. Redeem accumulated rewards points for various options like gifts, vouchers, airline miles, donations, and charities.

Spend based rewards: Get 5 times the reward points on transactions exceeding Rs.4 lakh on your card, with a maximum limit of 15,000 accelerated reward points per year.

Dining privileges: With HSBC’s Simply Indulge dining program, you can enjoy discounts of up to 15% at participating restaurants in your area.

Fuel surcharge waiver: Get a waiver on fuel purchases from Rs.400 to Rs.4,000 at all gas stations in India. The most you can save is Rs.250 per month.

Zero liability on lost card: To avoid liability for any fraudulent transactions on the HSBC Visa Platinum Credit Card, report the loss within 24 hours. The policy covers losses up to Rs.3 lakh within 24 hours of reporting the loss.

Emergency card replacement: If your credit card is lost during your travels abroad, you can request a replacement card by contacting the HSBC credit card helpline or Visa Global Assistance Services. A temporary card will be sent within three days worldwide. Additionally, emergency cash services are accessible at more than 22,000 locations globally.

Global acceptance: The HSBC Platinum Credit Card is accepted at more than 18 million establishments worldwide, including over 100,000 locations in India.

Loan on Phone: You have the option to convert purchases worth at least Rs.2,000 into EMIs within 15 days of the transaction. The facility offers various tenure choices such as 6, 12, 18, and 24 months, with interest rates varying from 18% to 23.88% per year.

Instant EMI: The HSBC credit card EMI option provides a convenient way to convert purchases into EMIs at merchant terminals. Transactions must be above Rs.2,000 to be eligible. Different tenure choices of 3, 6, 9, 12, 18, and 24 months are offered with interest rates between 12% to 15% per year.

Add-on credit cards: You can get 3 extra credit cards for your close family – like siblings, spouse, parents, and adult kids. These added cards are free. Any charges on them will be under the main cardholder’s account and follow the same limit.

Eligibility Criteria

Below are the basic requirements for applying for the HSBC Platinum Visa Credit Card:

• Applicants must be between 18 and 65 years old.
• Only employed individuals are eligible to apply.
• The minimum annual income requirement is Rs.4 lakh.
• Applicants must reside in cities where the credit card is available, which currently includes Mumbai, Delhi, Pune, Bengaluru, Chennai, Hyderabad, Noida, Gurgaon, and Kolkata.

Documents Required

To apply for the HSBC Platinum Visa Credit Card, you must submit the following documents:

• Most recent pay slip or salary certificate from your employer.
• Copy of your current credit card and the latest credit card statement.
• Bank statements from the last three months showing salary deposits.
• Proof of residence, identity, and either PAN card or Form 60.

How to Apply for HSBC Platinum Credit Card?

Step 1: Click the ‘Apply Now’ button located on this page.

Step 2: Determine your eligibility by providing the required information.

Step 3: The online application form will be shown to eligible applicants.

Step 4: Fill out the online application form and select ‘Submit’.

Step 5: Provide the necessary documents and proceed with submission.

HSBC Visa Platinum Credit Card Review 2025

The HSBC Visa Platinum credit card is well-known for offering both cashback and miles rewards at the same time, making it a popular choice among families and individuals. It is especially attractive to those who regularly spend on essentials like groceries, dining, and transportation, with a modest monthly spending requirement of $600 to be eligible for cashback benefits. Before making a final decision on whether to apply for the HSBC Visa Platinum credit card, it’s advisable to review the criteria, advantages, drawbacks, and other relevant factors.

Pros & Cons

Pros

• Earn a 5% cash rebate on local dining and groceries, including food deliveries and online groceries, by spending a minimum of S$600 per month in a calendar quarter.
• Up to 21.15% fuel savings at Caltex and Shell
• 1X Reward point per dollar spent
• Annual fee waiver available
• Gain exclusive entry to more than 1,000 global 1-for-1 offers on dining, lifestyle, and travel through HSBC ENTERTAINER using the HSBC Singapore mobile app.
• Interest rate of 26.90%,

Cons

• The cash rebate benefit is capped at S$250 per quarter
• To receive the 5% cash rebate, you must spend at least S$600 per month in a quarter.
• Unlike other cashback credit cards such as CIMB Visa Infinite Card and Standard Chartered Smart Credit Card that do not charge an annual fee for life, this card charges an annual fee after the first year.

HSBC Visa Platinum Credit Card Images