HSBC Visa Platinum Credit Card
Gaurav
The HSBC Visa Platinum Credit Card is an entry-level card from HSBC Bank with no joining or annual fee. It offers exclusive benefits to customers. You earn 2 Reward Points for every ₹150 spent, and you get 5X Reward Points when your total spending reaches ₹4 lakhs in a year. The card also gives exciting offers from partner brands, such as a "Buy 1 Get 1 Free" deal on BookMyShow. It’s a great card for HSBC discounts and offers from various brands. Key features also include a fuel surcharge waiver and protection against a lost card. To learn more about the HSBC Visa Platinum Credit Card, keep reading.
Rewards and Benefits
Movie & Dining
BOGO on Movie Ticket Bookings via BookMyShow. Upto 15% Dining Discounts via EazyDiner
Domestic Lounge Access
N/A
Rewards Rate
2 Reward Points/₹150 Spent
Golf
N/A
Travel
N/A
Insurance Benefits
N/A
International Lounge Access
N/A
Reward Redemption
Redeem Reward Points for Gift Vouchers, Airmiles, and More
Fees & Charges
Interest Rates
3.49% p.m. (41.88% p. a.)
Spend-Based Waiver
N/A
Rewards Redemption Fee
Nil
Cash Advance Charges
2.5% of the advance amount or Rs. 500, whichever is higher.
Foreign Currency Markup
3.50 +GST
Fuel Surcharge
1% fuel surcharge waiver at all fuel stations in India.
What should you consider before applying for a credit card in India?
Before applying for a credit card in India, consider the following factors:
- Eligibility Criteria: Check the age, income, credit score, and employment status requirements set by the bank or financial institution.
- Credit Score: A higher credit score increases your chances of approval and may result in better offers. Ensure your credit score is in good standing.
- Interest Rates and Fees: Compare annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction fees. These can vary significantly between cards.
- Rewards and Benefits: Look for cards that offer rewards, cashback, discounts, or other perks that align with your spending habits.
- Credit Limit: Make sure the credit limit offered is in line with your financial needs. Avoid over-borrowing, which can lead to high-interest charges.
- Repayment Terms: Understand the repayment options, minimum payment amount, and due dates. Consider how easily you can manage timely payments to avoid interest accumulation.
- Card Type and Features: Choose a card type (e.g., standard, premium, travel, etc.) based on your requirements. Some cards offer more benefits for specific categories like travel, shopping, or dining.
- Bank’s Reputation: Opt for a bank with a good track record of customer service and transparency. Read reviews and consider their customer support accessibility.
- Hidden Charges: Be aware of any hidden fees, such as annual fees, balance transfer charges, and cash withdrawal fees.
- Credit Utilization: Ensure you can manage your spending within the credit limit to maintain a healthy credit utilization ratio, which impacts your credit score.
- Long-Term Financial Plans: Think about how the credit card will fit into your long-term financial goals and avoid accumulating unnecessary debt.
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