Credit Cards · Honest Review
HSBC Visa Platinum Credit Card
HSBC Bank India · Visa
Your Verdict
- ✓Lifetime free card with no joining or annual fee
- ✓5X reward points on spends above 4 lakh in a year
- ✓Transfer points at 2:1 to British Airways Avios, KrisFlyer, Air India and more
- ✓Welcome benefits including Swiggy One membership and Amazon voucher
- ✓Available only in select metro and tier-1 cities
What HSBC Visa Platinum Credit Card costs you
HSBC Visa Platinum Credit Card is a lifetime-free credit card — you pay zero joining fee and zero annual fee, ever. This makes it a zero-cost card for any spending level.
| Fee | Amount |
|---|---|
| Annual fee (year 2+) | Free — ₹0 |
| Joining fee (one-time) | Free — ₹0 |
| Fee waiver condition | Lifetime free, no annual fee under any condition |
| Foreign transaction fee (forex markup) | 3.5% per transaction |
What you earn on every rupee spent
HSBC Visa Platinum Credit Card earns 0.67% on all eligible spends as a base reward rate. There are no additional category-specific multipliers. Each reward point is worth ₹0.25 when redeemed, giving a clear rupee value for your earnings.
| Category | Reward rate |
|---|---|
| All other spends (base rate) | 0.67% |
2,000 reward points on app download plus 5,000 spend in first 30 days; complimentary 3-month Swiggy One membership; 250 Amazon eGift card on Video KYC application
Reward types: Points
Beyond the reward rate
The non-reward benefits on HSBC Visa Platinum Credit Card are limited — the card's value proposition is primarily the reward rate structure.
Who can apply for HSBC Visa Platinum Credit Card
HSBC Visa Platinum Credit Card requires a minimum net monthly income of ₹50,000 for salaried applicants and a CIBIL score of 700 or above. It is open to salaried employees and self-employed professionals and business owners.
| Requirement | Detail |
|---|---|
| Minimum monthly income | ₹50,000 |
| CIBIL score | 700+ (good to excellent) |
| Age range | 18–65 years |
| Employment type | Salaried, Self-employed, Business owner |
| Typical approval time |
Minimum annual income 6 lakh for salaried applicants; available only in select major cities.
Who should (and shouldn't) get HSBC Visa Platinum Credit Card
- → First-time cardholders who want zero-cost entry
- → Users with concentrated spending in a single category who want a specialised card
- → Frequent flyers who need airport lounge access
- → International travelers — the 3.5% forex markup adds up quickly
HSBC Visa Platinum Credit Card — Questions answered
Is HSBC Visa Platinum Credit Card free for life?
What is the minimum income required for HSBC Visa Platinum Credit Card?
What reward rate does HSBC Visa Platinum Credit Card offer?
Does HSBC Visa Platinum Credit Card provide airport lounge access?
How long does it take to get HSBC Visa Platinum Credit Card approved?
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Get My Personalised Verdict →Information on this page is gathered from public sources and the card issuer's official website. Fees and reward rates may change — verify the current terms on the issuer's website before applying. SingleVerdict may earn a referral fee if you apply through our links, which does not affect our scoring or editorial decisions.