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  • HSBC Visa Platinum Credit Card for Cash Rebate is Rated as "Great!" by 5 Users

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    HSBC Visa Platinum Credit Card for Cash Rebate

    This credit card is specially curated to give you rewards every time you use it to pay for daily household expenses.It offers you a cash rebate of 5% on groceries that you buy from local shops and supermarkets. The other benefits this card offers include a 5% cash rebate every time you fill fuel at participating petrol stations in Singapore, as well on dining transactions (except dining at hotels). In addition to these rebates, the HSBC Visa Platinum Credit Card also gives you 1 Rewards point for each S$1 you spend on it.

    The bank also gives you a welcome gift if you sign up for this card before 28 February 2019. You get to choose from either a cashback of S$100 or a Samsonite Astra luggage (55 cm) valued at S$350. Additionally, you also get 5% on contactless payments for 3 months from card approval, up to S$100, if your card is approved by 15 March 2019. There are, of course, certain conditions that you have to fulfil to get these gifts.

    Key Features

    Feature Description
    Cash rebate on fuel 5%
    Cash rebate on groceries 5%
    Cash rebate on dining 5%
    Rewards points on all eligible purchases 1 Rewards point per S$1
    Complimentary personal travel accident insurance Up to S$300,000
    Complimentary flight inconvenience insurance Up to S$10,000
    Complimentary golfers’ insurance Up to S$500,000

    Save More on Groceries With 5% Rebates

    The next time you go to the local supermarket or grocery store, take this card along with you. Use it to pay for your groceries purchases and get 5% as cash rebates. This reward applies at all supermarkets and local grocery outlets in the country.

    Enjoy 5% Rebates on Fuel Transactions

    Owning a car in Singapore is expensive, and driving it around could only increase your everyday expenses. But with the HSBC Visa Platinum Credit Card, you can reduce your monthly petrol costs. Every time you use this credit card to pay for petrol, you can get a cash rebate of 5%. In addition to this, you can also get an instant discount of 16% when you fuel up at Shell and Caltex petrol stations.

    Dining out With Your Family Is Now Cheaper

    If you want to spend some quality time with your family or friends dining at a local restaurant, charge the bill amount to this card and get cash rebates of 5%. This offer applies only to restaurants, and other eating joints that are not part of hotel dining experiences.

    Joining Perks and Signup Bonuses

    If you are a new customer applying for an HSBC Visa Platinum Credit Card, you can choose one of these gifts:

    • S$100 cashback OR
    • A Samsonite Astra 55cm Luggage (costs S$350)

    If you are an existing customer whose card was issued over 24 months ago and have not cancelled any HSBC card in the last 12 months, you will receive cashback worth S$50.

    Terms and conditions:

    • The sign up promotion is valid till 28 February 2019.
    • You also need to spend at least S$600 in eligible transactions within one month from the date on which your card account was opened.

    Additional Benefits

    • Pay for your transactions in a hassle-free and secure manner by using Apple Pay and Visa payWave.
    • You’ll be entitled to several promotions in various categories like dining, golfing, travel, entertainment, fuel bills, movie tickets, and more.

    Calculate Cash Rebate from HSBC Visa Platinum Credit Card

    We’re going to assume a standard household spending and give you examples of how much cash rebate can be earned. The rebates are limited to a maximum of S$250 per quarter.

    Spend category Amount spent/quarter Cash rebate rate Cash rebate earned/quarter Reward points earned/quarter
    Groceries S$1,200 5% S$60 1200
    Fuel (Shell and Caltex) S$1,000 5% S$50 1000
    Dining S$1200 5% S$60 1200
    Total S$3,400 - S$170 3,400

    Redeeming your Earned Rewards

    You can redeem your accrued reward points for vouchers in several categories such as shopping, dining, travel, etc. Redeem them through internet banking and phone banking. The Rewards points will expire at the end of 3 years of issuance.

    You can also convert your reward points into air miles under the HSBC’s Mileage Programme. You can redeem air miles for every 5,000 Reward points for a block of 2,000 miles. The miles are usable on flights from the Singapore Airlines Group and Asia Miles partners.

    HSBC Visa Platinum Credit Card Interest Rates

    Type of interest Charge
    Retail purchases 25.9% p.a.
    Cash advance 28% p.a.
    Instalment payment plan 0%

    HSBC Visa Platinum Credit Card Fee and Charges

    Type of charge Charge
    Annual fee S$192.60 (annual fee is waived for the first 2 years)
    Overseas transaction fee 1.5% of the transaction amount
    Late payment fee S$55
    Over-limit fee S$40
    Cash advance fee 6% of cash advance amount or S$15 (whichever is higher)
    Supplementary card fee Free for life

    Activating the Card for Overseas Expenses

    You need to make your HSBC Visa Platinum Credit Card’s magnetic stripe ready for overseas usage. This can be done by calling the 24/7 HSBC hotline.

    Instalment Payment Plans Available

    1. HSBC's Card Balance Conversion Plan

    With this plan, you’ll be able to convert your purchases into flexible monthly instalments. You can use this plan to convert different kinds of transactions like paying the down payment for your car, online shopping, air tickets, tour packages, shopping for electronic gadgets, and more.

    You can choose an instalment period of 3, 6, or 12 months. You will be charged a low one-time processing fee of 3%, 3% and 5%, respectively for each tenure. In order to apply for this plan, you should charge a minimum of S$500 per transaction. You can register for this plan in three ways:

    • Apply by calling the 24/7 HSBC hotline.
    • Send in an SMS request after which an HSBC customer service officer will get in touch with you.
    • Download the application form on the bank’s official website and upload the signed form accordingly.

    2. HSBC's Credit Card Instalment Plan

    With this plan, you can convert your big-ticket purchases into interest-free instalments. Your instalment period can either be 6, 12, 18, or 24 months. To qualify for this plan, you need to make a transaction that is worth a minimum of S$500 at any of the eligible merchant outlets.

    Cash Withdrawal on the Credit Card

    As a primary card owner, per day you can withdraw a maximum of S$6,000 per day. The total withdrawable limit depends on the card status and credit limit available.

    Eligibility Criteria

    To know whether you can get this card or not, go to our HSBC credit cards page.

    Lost/Stolen Cards

    If your card is lost or stolen, you must notify the HSBC bank immediately. In order to report the loss of your credit card, you can call the 24-hour HSBC hotline. You will need to file a police report and submit it to HSBC. If you comply with these conditions, you’ll liability will be restricted to S$100.

    If you fail to convince the bank authorities that your card was used for a fraudulent activity after it was stolen, or you fail to notify the bank soon after your card was lost or stolen, you will be liable for any unapproved transaction.

    There may be a lot of confusion in choosing one credit card when you have too many options. Our website will help you compare credit cards from several banks in Singapore and pick what is best for you.

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    What Else Do I Need to Know?

    How to Enable/Disable Auto Debit & Standing Instructions

    Submit the GIRO form

    For auto debits of your credit card bills, you can download, fill and submit the Interbank GIRO form. Contact HSBC directly to disable this.

    To apply for ‘Recurring Bill Payment’ facility that helps you consolidate your bill payments, do one of the following:

    • Download the application form available on the HSBC website, complete it, and mail it to HSBC Bank.
    • Call HSBC Customer Service.

    Deactivate this by contacting the merchant directly.

    How to Apply for the Card & Check the Application Status

    Through BankBazaar.sg

    Apply for this card on BankBazaar and enjoy special welcome perks. Contact HSBC Customer Service hotline to check your card application status.

    How to Check Balance

    Through phone or internet banking

    You can always check your credit card account balance and transaction history through Internet Banking. You must log into your credit card account and navigate to your card number below ‘Accounts - View List of Accounts screen’. A list of unbilled transactions will appear for your reference. You can also check by calling the HSBC Phone Banking hotline.

    How Can the Bill Be Paid?

    Internet banking/ATM/Cash/GIRO and others

    There are many methods to pay your credit card bill, such as:

    • Cheque
    • HSBC ATMs
    • AXS Stations
    • 7-Eleven Stores
    • Internet Banking
    • SingPost SAM kiosks
    • HSBC Phone Banking
    • SingPost Post Offices
    • Bulk Cash Deposit Machines
    • Autopay or Interbank GIRO
    • Cash Payment at HSBC branches

    How Much Is the Minimum Payment to Be Made on the Card?

    S$50 or 3% of outstanding bill

    From your monthly credit card statement, you must pay a minimum of 3% of the outstanding bill amount or S$50 (whichever is higher). Any amount above the credit limit also has to repaid in the same cycle.

    What Is the Grace Period?

    20 days

    You will get a grace period of 20 days from statement date if you have paid your older bills in full.

    Which Mobile Wallets Can This Card Be Used With?

    Apple Pay

    This card can be used with Apple Pay.

    How to Block or Unblock the Card

    Phone Banking/Customer Service Number

    In order to block your card, contact the HSBC Customer Service number, which is available for 24-hours. Contact the phone banking hotline if you have registered for the service. HSBC Platinum customers can call HSBC’s dedicated Platinum Hotline as well.

    How to Reset the PIN

    Through a form on HSBC website

    In order to reset your PIN, you must download, complete and send ‘Debit/ATM/Credit/Choice Card & PIN, Internet Banking, Phone Banking Requests’ form to HSBC via mail. You will receive your new PIN from HSBC via post. It’ll reach you in 2 weeks if you are outside Singapore and in 7 business days if you’re in the country.

    What Is the Billing Cycle and the Bill Due Date?

    Stated in card bill

    Your credit card bill is generated once every month. Your payment due date will be given in the statement. If you fail to pay the bill the minimum amount, a part of the dues, or the total bill amount before the due date you will be charged a late payment fee.

    How to Get a Replacement Card

    Complete and submit a form

    To get a replacement card, complete and send the ‘Debit/ATM/Credit/Choice Card & PIN, Internet Banking, Phone Banking Requests’ form to HSBC via mail. You will receive your replacement card via post.

    How to Temporarily Increase the Limit of the Card –

    For short-term review of credit limit, call the bank’s 24-hour hotline number or log in to their internet banking. To apply for a long-term increase in the credit limit of your card, download and fill ‘Credit Limit Review Form’ and submit it to HSBC along with your income documents (latest) & Employment Pass. You will also have to send few more documents such as CPF history statements, Notice of Assessment, computerised payslips, etc. You can either upload the form and the documents on the HSBC’s website or send it via mail.

    HSBC Visa Platinum Reviews

    • HSBC Credit Card
      "Apt card for cash rebate"
      0.5 5.0/5 "Blown Away!"
      The best part of this card is the 5% cash rebate on my recurring telco bills which is the best in the market
      Was this review helpful? 11
      , singapore
      Reviewed on Sep 13, 2018
    • HSBC Credit Card
      "Recurring telco bills, grocery and fuel cashback is good. "
      0.5 4.0/5 "Great!"
      I use my HSBC card mainly for petrol, buying groceries, and mobile bills to hit the $800 requirement every month. I've been getting $120 back every quarter, so that's pretty good.
      Was this review helpful? 13
      , singapore
      Reviewed on Oct 16, 2017
    • HSBC Credit Card
      "not useful"
      0.5 2.5/5 "Just OK"
      Low cashback rate that is hard to even get. The only good thing about this card is the 5% cashback on telco bills. But my phone and internet bills are only $70 a month.
      Was this review helpful? 12
      , singapore
      Reviewed on Oct 16, 2017
    • HSBC Credit Card
      "the best card for recurring telco bills"
      0.5 5.0/5 "Blown Away!"
      There's no competition when it comes to cashback on recurring telco bills. With the HSBC Visa Platinum card, I get 5% off every month just by spending $400 every month. It works out for me because since my combined starhub bill is already more than $400.
      Was this review helpful? 13
      , singapore
      Reviewed on Oct 16, 2017
    • HSBC Credit Card
      "quarterly cashback mechanic is not good"
      0.5 2.0/5 "Expected more"
      The quarterly spend requirement is ridiculous. I missed my cashback so many times just because 1 out of 3 months I didn't spend as much. Other cards are easier to use, and even give more cashback.
      Was this review helpful? 13
      , singapore
      Reviewed on Oct 16, 2017
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