HSBC Platinum Credit Card Review: So, if you are looking for any credit card with lots of benefits at a low price, affinity tied up with a particular credit card is the HSBC Platinum Credit Card. It is usually known for the credit card that is free of cost for lifetime availability, as it has no joining fees and does not require any charge for every year, thereby making it a suitable choice for most salaried people. This is a complete review of the features and benefits, eligibility criteria, and why it should be the preferred choice over the competition.
Key Highlights of the HSBC Platinum Credit Card
- Lifetime Free Card
Unlike many credit cards, the HSBC Platinum Credit Card has no joining or annual fees, so it is perfect for budget-conscious users. - Reward Points
- 2 Reward Points for every ₹150 spent.
- 5X Reward Points on annual purchases above ₹4,00,000 (up to 15,000 points).
- Redeem Reward Points for exciting gifts, vouchers, or air miles from premium airlines like InterMiles, British Airways, and Singapore Airlines.
- Welcome Benefits
- ₹5,000 spends within the first 30 days: get an Amazon voucher worth ₹500.
- Buy 1 Get 1 Free on movie tickets via BookMyShow (valid on Saturdays, with a maximum free ticket price of ₹250).
- Exclusive Offers
- Amazon: get an instant discount of up to ₹500 on EMI transactions except on groceries.
- EazyDiner: save up to 15% at dining outlets (max saving: ₹500).
- MakeMyTrip: domestic and international bookings with up to 15% discounts.
- Croma: Recharge up to ₹5,000 on electronic shopping at Croma outlets or Croma online.
- Fuel Surcharge Waiver: Avail of up to ₹3,000 a year in annual fuel charges.
Reward Redemption Made Simple
HSBC ensures flexibility when it comes to redeeming your reward points.
- Redeem points for gift vouchers from brands like Amazon, Flipkart, Tanishq, Myntra, and more.
- Use points for air miles to cut down on travel costs.
- Redemption value varies from ₹0.2 to ₹0.35 depending on the chosen voucher or airline mile program.
For a detailed breakdown, refer to the official HSBC website.
Eligibility Criteria for HSBC Platinum Credit Card
- Employment Status: Salaried individuals only.
- Minimum Income: ₹4,00,000 per annum.
- Age: Between 18 to 65 years.
- Residential Location: Must reside in one of the following cities:
- Bangalore
- Chennai
- Gurgaon
- Hyderabad
- Mumbai
- New Delhi
- Noida
- Pune
- Additional cities: Chandigarh, Kolkata, Jaipur, Ahmedabad, Coimbatore, Kochi.
Documents Required
- ID Proof: Aadhaar Card, Passport, or PAN Card.
- Address Proof: Utility bills, rent agreement, or Aadhaar Card.
- Income Proof: Latest salary slip or Form 16.
Charges and Fees
- Joining Fee: ₹0 (Lifetime Free).
- Annual Fee: ₹0.
- Late Payment Fee: Standard charges apply as per HSBC guidelines.
Why Choose HSBC Platinum Credit Card Over Competitors?
- Unparalleled Affordability
No charges at all, this card lets you have maximum benefits without any extra financial burden. - Flexible Reward Redemption
HSBC offers a variety of redemption options for points, be it shopaholics or frequent travelers. - Exclusive Discounts Across Categories
Dining, travel, and electronics, this card provides discounts that match the modern lifestyle.
Fuel Savings - Fuel Savings
Regular fuel users will love the annual saving of up to ₹3,000 on fuel surcharges.
Pro Tips for Maximizing Benefits
- Spend ₹4,00,000 in an annum to earn 5X reward points.
- Use your card for spending more than ₹5,000 to get the Amazon voucher worth ₹500 in the first 30 days of card issue.
- BookMyShow to book movie tickets on Saturdays to avail the Buy 1 Get 1 Free offer.
- Shop smartly on Amazon and Croma to get the maximum amount of discount on EMI transactions.
Terms & Conditions to Note
- It only includes the promotion for the new customers and excludes all existing HSBC account holders.
- Activation requires at least one transaction worth ₹100 in 30 days to use the card.
- 72 hours will be taken for the reward and offer tracking post-generation of application ID.
Final Verdict / HSBC Platinum Credit Card Review
HSBC Platinum Credit Card is very cool, as this card provides an excellent choice for anyone wanting their free credit card with high-class amenities involved in it. The point of rewards, as well as private discounts, in shopping, dining, tourism, all aimed at improving your life without a joining fee or annual fees. Its simplicity, cheapness, and perks are great sources in India because they offer a salary scheme.
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Indeed, even when you need a dependably no-cost and feature-rich card, the HSBC Platinum Credit Card suffices those criteria. Just apply today to open the portal to your savings and rewards!
Braj Verma is a resident of Rajgarh in Madhya Pradesh and is a content writer and freelancer by profession. He has a degree in Political Science from Barkatullah University, Bhopal. He has expertise in subjects like credit cards, banking, loan, insurance, political analysis and digital marketing.