HSBC Visa Platinum Credit Card
Fees
Free
Joining & Annual 1st Year FreeReward Rate
2 reward points per ₹150; 5X reward points on milestone spends
Welcome Bonus
₹500 Amazon Gift Voucher + 500 bonus reward points on card activation
Lounge Access
No Lounge Access
FindMyCard Expert Take
The HSBC Visa Platinum Credit Card is a lifetime free credit card with zero annual fee, 2 reward points per ₹150 spend, and fuel surcharge waivers.
Pros & Cons
Key Advantages
- Lifetime free credit card with ₹0 joining fee and ₹0 annual fee
- 5X reward points on spending above ₹4,000,000 milestone
- 1% fuel surcharge waiver across all fuel pumps
- Complimentary Amazon gift voucher welcome benefit
Limitations
- Base reward rate of 2 points per ₹150 is low
- No airport lounge access included
- Reward point redemption options limited compared to premium cards
Editorial Verdict
The HSBC Visa Platinum Credit Card is ideally suited for lifetime free basic spends & introductory rewards. If you want 2 reward points per ₹150; 5x reward points on milestone spends, this card delivers real value. The free 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
2 reward points per ₹150 spent on all retail transactions
5X reward points on spends after crossing annual milestone
1% fuel surcharge waiver on transactions between ₹400 and ₹4,000
Zero lost card liability protection
Up to 50 days of interest-free credit period
🚀 Milestone Spends Timeline
5X reward points on retail spends post achieving annual threshold
Fees & Charging Rates
Annual Fee Waivers
Free
💡 No annual or joining fee charged
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 ₹3 Lakh
purchase protection
Nil
emergency medical cover
Nil
Eligibility Criteria
salaried minimum income
₹20,000 per month
self employed ITR
₹4 Lakh per annum
age
18 to 65 years
Compare HSBC Visa Platinum Credit Card With Similar Cards
| Card | Annual Fee | Reward Rate | Lounge Access | Rating |
|---|---|---|---|---|
| HSBC Visa Platinum Credit Card This Card | Free | 2 reward points per ₹150; 5X reward points on milestone spends | 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 |