HSBC RuPay Platinum Credit Card
Fees
₹499 + Taxes
Joining & AnnualReward Rate
1.5% cashback on UPI & online purchases; 1% on offline retail
Welcome Bonus
₹500 cashback voucher on completing 3 UPI transactions within 30 days
Lounge Access
No Lounge Access
FindMyCard Expert Take
The HSBC RuPay Platinum Credit Card offers 1.5% cashback on RuPay UPI merchant QR payments and online shopping with annual fee of ₹499 + Taxes waived on ₹1 Lakh spend.
Pros & Cons
Key Advantages
- Link card to BHIM, Google Pay, PhonePe, Paytm for RuPay UPI merchant QR payments
- 1.5% cashback on all UPI merchant transactions and online shopping
- ₹500 welcome cashback on initial UPI transactions
- Achievable annual fee waiver threshold of ₹1 Lakh
Limitations
- Cashback capped at ₹500 per billing cycle
- No airport lounge access included
- Excludes fuel, wallet loads, and utility bill payments from cashback
Editorial Verdict
The HSBC RuPay Platinum Credit Card is ideally suited for rupay upi qr payments & daily digital transactions. If you want 1.5% cashback on upi & online purchases; 1% on offline retail, this card delivers real value. The ₹499 + taxes is easily offset by the card's perks if you use it regularly. You'll generally need Good (720+) credit to be approved.
Key Perks & Spending Milestones
1.5% cashback on merchant UPI payments made via UPI apps (Google Pay, PhonePe, PayZapp, Paytm)
1.5% cashback on online e-commerce transactions
1% cashback on offline retail transactions
1% fuel surcharge waiver on transactions between ₹400 and ₹4,000
Zero liability on lost card after reporting
🚀 Milestone Spends Timeline
Annual fee waived on retail spends of ₹1 Lakh in a membership year
Fees & Charging Rates
Annual Fee Waivers
₹499 + Taxes
💡 Annual fee waived on ₹1 Lakh annual retail spends
Regular Interest Charges
3.3% per month (39.6% per annum)
📅 Late Payment Fee Penalty Tiers
| Outstanding Balance Amount | Late Payment Fee Penalty |
|---|---|
| up to 500 | Nil |
| 501 to 1000 | ₹500 |
| 1001 to 5000 | ₹600 |
| 5001 to 10000 | ₹750 |
| 10001 to 25000 | ₹900 |
| 25001 to 50000 | ₹1,100 |
| above 50000 | ₹1,300 |
Insurance & Protection Benefits
air accident cover
Nil
lost card liability
Up to ₹1 Lakh
purchase protection
Nil
emergency medical cover
Nil
Eligibility Criteria
salaried minimum income
₹20,000 per month
self employed ITR
₹5 Lakh per annum
age
18 to 65 years
Compare HSBC RuPay Platinum Credit Card With Similar Cards
| Card | Annual Fee | Reward Rate | Lounge Access | Rating |
|---|---|---|---|---|
| HSBC RuPay Platinum Credit Card This Card | ₹499 + Taxes | 1.5% cashback on UPI & online purchases; 1% on offline retail | No Lounge Access | 4.3/5 |
| Cashback SBI Credit Card | ₹999 + Taxes | 5% cashback on online spends; 1% cashback on offline spends | No Lounge Access | 4.7/5 |
| KIWI UPI RuPay Credit Card | Free | Up to 5% cashback on UPI spends via Kiwi Neon program (1.5% base... | Domestic (Neon Spend Milestones) | 4.7/5 |
| Axis Bank ACE Credit Card | ₹499 + Taxes | 5% cashback on Google Pay utilities; 4% on Swiggy, Zomato & Ola;... | 4 Domestic/yr | 4.6/5 |