Home›Learning Center›HSBC Visa Platinum Credit Card – Features, Rewards & Application

Author

LoansJagat Team

Read Time

5 Min

24 Jun 2025

HSBC Visa Platinum Credit Card – Features, Rewards & Application

cards

Let’s say Tharun earns 2 reward points for every spending of ₹150 spent from the HSBC Visa Platinum Credit Card. This month, he earns nearly 46 reward points. Let’s see how many times he makes his purchases worth ₹ 150 for these reward points:

Products	Price
Mini Bluetooth Speaker	₹ 1,200
Groceries	₹ 1050
Pharmacy	₹ 600
Stationary Items	₹ 660
Grand Total	₹ 3,510

As mentioned before, his credit card incorporates 2 reward points for every ₹ 150 of expenditure. Now, his total spending is ₹ 3,510. If you delineate this amount under this benefit, you will find that he earns 46 reward points. Let’s see how the math works here:

Total Spending ₹ 3,510

Here, has spent ₹ 150 23 times, i.e. (₹ 150 * 23 = ₹ 3,450). However, the difference between ₹ 3,510 and ₹ 3,450 is only ₹ 60. So, the two reward points for every ₹ 150 is 46 reward points. These reward points can be redeemed later in any of his future purchases.

This blog enumerates the HSBC Visa Platinum Credit Card.

HSBC Visa Platinum Credit Card: An Overview

The utmost feature of this distinctive credit card is that it is lifetime free, with no joining fees. This card is suitable for those who spend on dining and travel, as it encompasses various rewards, privileges and other benefits.

Eligibility Criteria

Tharun has adhered to the following eligibility criteria prescribed by HSBC Bank to get this credit card:

Age	Lower Age Expectations	Upper Age Limit
	18 years	70 years
Occupation	Salaried with ₹ 4,00 lakhs per annum
Residential Status	Residents of the following cities in India only are eligible for the credit card.
	Chennai, Gurgaon, Delhi National Capital Region (NCR), Pune, Noida, Hyderabad, Mumbai, Bangalore, Kochi, Coimbatore, Ahmedabad, and Kolkata.

Documents Required for Approval

Tharun provides the following proofs, as per the bank’s request:

Identity Proof	Aadhaar Card, driving license, PAN card, Voter ID, or Passport.
Residence Proof	Electricity Bill, Ration card, previous month’s bank statement, or telephone bill.
Income Proof	Latest Payslip, Form 16, or Income Tax Return

Note: Any one document is expected to be furnished at the time of processing the application. However, the bank also has the right to furnish more than one document.

Tips to Note before Applying:

The utility bills and telephone bills must not be older than three months.

Example: Tharun can submit last month's telephone bill.

Likewise, the salary slips and bank statements must not be older than three months.

Example: He can show his last month’s salary details.

The applicant may be asked to furnish more than one document to process the credit card application.

Example: Tharun can submit his ration card, driving license, and any other documents if the bank demands it.

The bank expects the credit card applicant to have more than 750 as their CIBIL score. So check the applicant must examine his or her CIBIL score.

Example: Tharun’s CIBIL score is 710.

How to Apply?

Like Tharun, you can apply for this credit card either through the official website of HSBC Bank or through offline mode.

Note: The applicant is not required to be an existing bank customer of HSBC Bank. Other bank customers are also welcome to apply for this credit card.

Features of the HSBC Visa Platinum Credit Card

This card consists of many reward points and benefits, which help its cardholders, like Tharun, to save more money than expected. Indeed, this credit card is suitable for those who regularly incur expenses in various categories.

Let’s see how this credit card helps him save his money with the following benefits:

Features

Benefits

Welcome Benefits

The cardholder is eligible for an Amazon voucher of ₹ 250 only after completing the procedures online.

Example: Tharun can avail the above-mentioned Amazon Voucher on its e-commerce platform for purchasing any goods.

Zero-Liability

The cardholder is not accountable for fraudulent transactions or theft after reporting it to the bank.

Example: If Tharun finds ₹ 2,000 transactions on his credit card after its theft, he does not need to take accountability for it.

Reward Points

2 reward points for all purchases of ₹ 150.

5x reward points for every purchases of ₹ 150, if the annual spending exceeds ₹ 4,00,000 lakhs.

Example: If Tharun had spent ₹ 4,60,000, then he would have earned the reward points of 4,000.

Let’s see the calculation:

Prescribed spending rule – Above ₹ 4,00,000

Tharun’s spending - ₹ 4,60,000

Difference - ₹ 60,000

60,000/150 = 400

Reward points calculations:

400*10 is 4,000

Insurance Coverage

Eligible for insurance coverage of up to ₹ 3,00,000 lakhs card loss or fraudulent transactions.

Example: If Tharun finds someone using his credit card for a transaction of ₹ 10,000. He need not take accountability for it.

Note: The card loss must be reported to the bank within 24 hours to get eligibility for this benefit.

Fuel Surcharge Waiver

Bring your annual savings up to ₹ 3,000 on fuel surcharges.

Example: Usually, a 1% surcharge is made on any fuel transaction. However, Tharun does not need to pay such an extra charge on this credit card. He can save up to ₹ 3,000 in surcharges.

See this calculation:

Tharun’s fuel transaction for every month is ₹6,000; Here, there is no such 1% surcharge, i.e. ₹ 60. This can be accumulated up to ₹ 3,000 only. Beyond that, he needs to pay a surcharge.

It means he can save up to ₹ 3,000 only.

Also Read - HSBC Lifetime Free Credit Card 2025

Fees and Other Charges

Fee Type	Charges
Joining Fees	NIL
Annual Fees (Only from the Second Year Onwards)	NIL
Cash Payment Fee	₹ 100
Cash Withdrawal Fee	2.5% for a minimum cash amount of ₹ 500
Finance Charge	3.75% per month
Annual Percentage Charge	45%
Card Replacement Fee	NIL
Foreign Currency Fee	3.5%
Cheque Pickup Fee	Amount	Charges
	Up to ₹ 10,000	₹ 50
	₹ 10,001 to ₹ 1,00,000	₹ 100
	More than ₹ 1,00,001	₹ 150

FAQs

1. Is there no joining fee for the HSBC Visa Platinum Credit Card?

Yes, there is no joining fee for the HSBC Visa Platinum Credit Card.

2. How much is the salary criterion for the HSBC Visa Platinum Credit Card?

The applicant for this card must have at least ₹ 4,00,000 per annum.

3. What is the cash withdrawal fee?

The cash withdrawal fee is 2.5% for a minimum transaction of ₹ 500.

4. What is the welcome bonus of this credit card?

The cardholder gets an Amazon Voucher of ₹ 250.

5. Can a Non-Resident Indian be eligible to apply for this credit card?

No, a non-resident Indian cannot become eligible to apply for this credit card.

Other Credit Card Pages
Axis Bank Credit Card	Bank of Baroda Credit Card	ICICI Bank Credit Card
IDBI Bank Credit Card	IndusInd Bank Credit Card	RBL Bank Credit Card
Yes Bank Credit Card	Flipkart Axis Bank Credit Card	HSBC Visa Premium Credit Card
Top Credit Card with Maximum Cashback

Apply for Loans Fast and Hassle-Free

About the Author

LoansJagat Team

We are a team of writers, editors, and proofreaders with 15+ years of experience in the finance field. We are your personal finance gurus! But, we will explain everything in simplified language. Our aim is to make personal and business finance easier for you. While we help you upgrade your financial knowledge, why don't you read some of our blogs?