HSBC Visa Platinum Credit Card benefits
- Fees
No joining or annual fee
- Rewards2
reward points per ₹150
up to 6X on travel through HSBC Travel with Points
- Rewards
Points move to airline miles and hotel points in the HSBC India app
- Rewards2,000
bonus points on ₹5,000 of spends in the first 30 days
- Fuel₹250
cashback on contactless fuel spends each quarter you spend ₹10,000
HSBC Visa Platinum Credit Card rewards and cashback
| Where you spend | Rate | Monthly limit |
|---|---|---|
| Everything else | 1.33 points per ₹100 | None |
We value one point at ₹0.89 in the usual redemption.
All reward rules
- 2 reward points per ₹150 spent, which is 1.33 points per ₹100.
- HSBC converts 2 reward points into 1 Accor Live Limitless point, and states that 2,000 Accor points are worth EUR 40, or ₹3,560. So 1 reward point is worth about ₹0.89 at Accor hotels, and we use that value. Points also move to airline miles and other hotel programmes, and can buy gift cards, at values HSBC does not state.
- Up to 6X reward points on hotels, flights and car rentals booked through HSBC Travel with Points, and 5X on Apple purchases on the HSBC Unicorn portal.
- Welcome benefits: 2,000 reward points when you log on to the HSBC India app and spend ₹5,000 in the first 30 days, and a voucher worth up to ₹500 for Amazon Pay, Zomato or Swiggy on a first transaction of ₹300 or more.
- ₹250 cashback on contactless fuel purchases when you spend ₹10,000 in a quarter.
What the HSBC Visa Platinum Credit Card gives back in a year
Say you spend ₹30,000 a month, like our “online shopper” pattern. Worked out with the same maths as the calculator above.
| Spending | A month | Back | A year |
|---|---|---|---|
| Groceries | ₹3,000 | 1.18% | ₹426 |
| Dining and food delivery | ₹2,000 | 1.18% | ₹284 |
| Online shopping | ₹18,000 | 1.18% | ₹2,557 |
| Travel | ₹1,000 | 1.18% | ₹142 |
| Fuel | ₹1,000 | 1.18% | ₹142 |
| Bills and utilities | ₹2,000 | 1.18% | ₹284 |
| Everything else | ₹3,000 | 1.18% | ₹426 |
| Total | ₹30,000 | ₹4,261 | |
| Renewal fee with GST | None | ||
| You keep | ₹4,261* |
That is ₹1,381 a year more than the IndusInd Bank Tiger Credit Card on the same spending.
HSBC Visa Platinum Credit Card annual fee and charges
- Joining fee
- Free
- Annual fee
- Free
- Fee waiver
- Not needed
- Foreign currency markup
- 3.5%
No joining or annual fee. HSBC's Key Fact Statement lists a 3.5% forex markup.
Fuel surcharge: Fuel surcharge waiver of up to ₹250 a month on fuel payments of ₹400 to ₹4,000.
HSBC Visa Platinum Credit Card eligibility
- Age
- 18 to 65
- Salaried income
- ₹6,00,000 a year
- Self-employed income
- ₹12,00,000 a year
Salaried applicants aged 18 to 65 with ₹6 lakh a year; self-employed aged 25 to 65 with ₹12 lakh a year. You must live in one of the cities HSBC serves, such as Mumbai, Delhi NCR, Bengaluru, Chennai, Hyderabad, Pune or Kolkata.
The bank alone decides approval and your credit limit.
HSBC Visa Platinum Credit Card lounge access
The bank's terms list no fixed number of free airport lounge visits on this card.
Is the HSBC Visa Platinum Credit Card right for you?
A lifetime free card, paying an above-average 1.18% on most spends.
Good for you if
- You want one flat rate: 1.18% back on most spends, with no categories to track.
- You want a card to keep for years without paying a yearly fee, which also builds a long credit history.
Not for you if
- Free airport lounge visits matter to you: this card has no fixed number of them.
Check the latest fees and terms on the bank's page before you apply.
Alternatives to HSBC Visa Platinum Credit Card
Two similar cards to weigh up before you apply. The last column shows what each may be worth on ₹30,000 a month of mixed spending, after the renewal fee with GST. Rates paid only at named brands are not counted, so a brand card can earn more if you shop there.
| Card | Annual fee | Rewards up to | You keep a year |
|---|---|---|---|
| HSBC Visa Platinum Credit Card | Free | 1.18% | ₹4,261* |
| IndusInd Bank Tiger Credit Card | Free | 2.4% | ₹2,352* |
| IDFC FIRST Classic Credit Card | Free | 1.25% | ₹1,755* |
*Estimate only, not a promise. We work it out from the bank's published terms and the spending you enter. What you actually get depends on the bank, your transactions and any change in its terms.
Frequently asked questions
Is the HSBC Visa Platinum Credit Card lifetime free?
Yes. HSBC charges no joining or annual fee on this card.
How much is one HSBC Platinum reward point worth?
HSBC turns 2 reward points into 1 Accor Live Limitless point, and 2,000 Accor points are worth ₹3,560. That makes a reward point worth about ₹0.89 at Accor hotels. Other redemptions can be worth less.
What is the forex markup on the HSBC Visa Platinum Credit Card?
3.5% of the foreign currency transaction, as listed in HSBC's Key Fact Statement.
Who can apply for the HSBC Visa Platinum Credit Card?
Salaried people aged 18 to 65 earning ₹6 lakh a year, or self-employed people aged 25 to 65 earning ₹12 lakh a year, who live in a city HSBC serves.