HSBC Visa Platinum Credit Card: The Definitive Guide to Features, Benefits & Everything Else

Credit cards are now a very essential part of life in this fast paced world. They are a convenient way to shop, get rewards and receive special offers. When you are browsing through all the different credit card offers that you see, the HSBC Visa Platinum Credit Card is one that is hard to overlook. This is a card for spenders who demand quality and style.

In this complete guide, I'll be doing a deep-dive on everything you need to know about this HSBC Visa Platinum Credit Card — features, benefits, fees, rewards program and more. So, let’s dive right in!

Summary of the HSBC Visa Platinum Credit Card

The HSBC Visa Platinum Credit Card is a high end credit card that provides various benefits and rewards, making it ideal for those who want a hassle free and rewarding shopping experience. A global banking leader, HSBC Bank is the issuer of the card, so you can be confident of the quality service and security of the card. Whether it’s rewards points you prefer, travel privileges, or fine dining benefits, you can have it all with the HSBC Visa Platinum Car Card.

Features of the HSBC Visa Platinum Credit Card

Before we dive into the details, here are the main benefits of the HSBC Visa Platinum Credit Card:

• Joining Fee Findomestic silver: ₹1,000/- plus applicable taxes.

• Our Rating – 3/5

• Annual Fee – ₹1,000 (additional taxes apply)

• Full Review – Yes

• Keep in mind: 2.5% fuel charge is waived off.

Fee Waiver

The annual fee of this card is waived off on spends of ₹50,000 or more in a year.

Reward Points

• 10 Reward Points on ₹150 spent on retail (except for fuel).

• 2 Reward Points per ₹150 spent on fuel transactions.

• Double Points on every single purchase you make online via HSBC’s online and mobile banking.

Welcome Bonus

As welcome benefit, you get 5,000 reward points when you spend ₹3,000 in 30 days.

Key Features & Benefits of HSBC Visa Platinum Card

The HSBC Visa Platinum Card comes with a host of features that will make travelling, shopping and dining more pleasurable for you. Let's break them down:

Reward Points Program

One of the key highlights of HSBC Visa Platinum Credit Card is its reward points system. The card holders can earn as many as 10 Reward Points for every ₹150 spent on daily spends and 2 Reward Points for every ₹150 spent on fuel. And for those who like to shop online, the card provides double points for all online spending done with its online and mobile banking platforms. This makes it ideal perfect for online shopping.

The best part is, you can use the reward points to redeem for a variety of rewards, including flight bookings, shopping vouchers, as well as electronics. Using the HSBC Rewards Catalogue, cardholders have the flexibility to reward themselves when they choose in return for their spending using their HSBC credit card.

Travel Benefits

The travel benefits on the HSBC Visa Platinum Credit Card will give travel lovers something talk about. The card comes with coveted travel offers like:

• Airport Lounge Access: Receive complimentary access to over 700 airport lounges Worldwide. This is ideal if you want to relax before your flight in a nice atmosphere, while keeping you primed for the next question.

• Travel insurance: provides cardholders with complimentary travel insurance, including travel accident insurance, baggage delay insurance, and flight delay insurance. It’s a critical advantage for a road warrior.

• Travel Cashback: You may receive cashback offers on Travel bookings made through specific online platforms, making each travel worth your while.

Dining Benefits

The HSBC Visa Platinum Credit Card also offers dining privileges. Exclusive offers for cardholders at premium restaurants, cafe and dining outlets in India. The card offers the dining discounts below:

• Up to 15% off in selected restaurants and dining outlets.

• Dine-out deals, which include selected dishes at a buy-one-get-one-free offer.

If You love to eat out, then You will save a lots with this bonus.

Cash Advance and Balance Transfer Options

The HSBC Visa Platinum Credit Card also provides flexible cash withdrawals and balance transfer options:

• Cash Advance: You can pick up cash from HSBC bank branches, or at any ATM that has the logo and you won’t be charged a fee. Remember that cash advances often have a higher interest rate and processing fee.

• Balance Transfer: Transfer debt from another bank’s credit card to your own HSBC Visa Platinum Credit Card and enjoy interest rates that are lower for a duration. “The easiest way to consolidate debt and save on interest is through a personal loan,” Pam Codispoti, president of Chase Branded Cards, said in a statement.

Access to Exclusive Events and Offers

As an elite card holder, you will receive private invitations to the following:

• Presale tickets to concerts, sports events, and more: Take advantage of the opportunity to purchase tickets before they go on sale to the general public.

• Special shopping offers: Take advantage of sales and discounts at some of the country’s top retailers.

These privileges add value to the overall offer of the HSBC Visa Platinum Credit Card as well as to persons that are looking for exclusivity.

Low Forex Markup Fee

This is a good feature for those that travel overseas or are interested in making purchases from sites outside of India so that you get a decent foreign exchange markup fee on your HSBC Visa Platinum Credit Card. This is only 3.5%, one of the lowest available, and a great pick for international spenders.

Check The Latest HSBC Visa Platinum Credit Card Fees and Charges

The HSBC Visa Platinum Credit Card comes with a number of benefits, but it also comes with some fees and charges that you need to be aware of:

• Joining Fee: ₹1,000 + Taxes.

• Annual Fee: Rs.1,000/- (plus applicable taxes). The fee can be reversed on spending ₹50,000 or more in a year.

• Cash Advance Fee: ₹300 or 3% of the drawn amount, whichever is higher.

• Foreign Transaction Fee: 3.5% on purchases in foreign countries.

• Late Payment Fee: ₹500 in case the minimum payment is missed.

• Over-limit Fee: ₹500 in case the credit limit is exceeded.

Comparison to Other Cards: How the HSBC Visa Platinum Credit Card Stacks Up

The HSBC Visa Platinum Credit Card comes with pretty good rewards for a premium card, low forex markup, and lots of lifestyle benefits, making it a strong contender among other luxury cards. A lot of other banks’ premium cards that carry similarly high annual fees offer less by way of dining and travel privileges. The HSBC Visa Platinum Credit Card stands out with an affordable annual fee and comprehensive array of incentives, which means it could be a good choice if you’re in the market to get more from your card.

Final Thoughts

The HSBC Visa Platinum Credit Card is a good choice for cardholders who want to earn high rewards, receive travel benefits, and enjoy dining discounts. It doesn't matter if you spend a lot of time traveling, shopping online or dining out, this card has something for everyone.

Boasting attractive join and renewal rates and a strong rewards program, the HSBC Visa Platinum Credit Card is good value for money. Travel perks (like airport lounge access and travel insurance) make it great for frequent flyers. On top of this, the HSBC Rewards Catalogue offers plenty of redemption choices for reward points, ensuring customers have every opportunity to capitalise on their spending.

If you are in search of a credit card that provides you with value for multiple spending categories and is supported by a strong international bank, the HSBC Visa Platinum Credit Card is something you should consider.