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    We found 1 HSBC Visa Platinum Credit Card Reviews
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    HSBC Visa Platinum Credit Card Reviews

    The HSBC Visa Platinum Credit Card is the perfect card to save on your daily essentials. This credit card offers cash rebate when you pay your recurring cable TV, mobile and internet bills. You will also earn cash rebate when you spend on fuel purchases at Shell and Caltex stations. Additionally, these fuel stations offer instant discounts of up to 16% on your fuel expenses over and above the cash rebate offered on this credit card.

    You will earn cash rebate when you purchase groceries from any supermarket or grocery store in Singapore. This card also offers cash rebate on your food and beverage expenses across the island. To earn up to 5% cash rebates on the HSBC Visa Platinum Credit Card, all you need to do is spend a minimum amount of S$400 every month of the calendar quarter. Furthermore, under the HSBC Rewards Programme, this card will earn you Rewards points on all your purchases.

    The HSBC Visa Platinum Credit Card offers exciting sign-up promotions to new as well as existing customers of HSBC coupled with exclusive Visa privileges and promotions. You can use this card to make contactless payments at merchant partners as it is equipped with Visa payWave as well as Apple Pay.

    HSBC Visa Platinum Promotions

    • Swensen’s
      • Spend a minimum of S$50 with your HSBC Visa Platinum Card and get a 10% discount on your bill at Swensen’s.
      • The promotional offer is valid till 30 December 2017.
    • HSBC Movie Card
      • Get an HSBC Weekday Movie Card for just S$70 or an All-Days Movie Card at just S$95 and save big on your movie expenses.
      • The promotional offer is valid till 30 June 2018.
    • Alphabet Bar, Amara Singapore
      • Get 10% off at the Alphabet Bar with your HSBC Visa Platinum Credit Card.
      • The offer is valid till 31 December 2017.
    • Brio
      • Spend a minimum of S$40 with your HSBC credit card and get 10% off at Brio.
      • The offer is valid only on bookings made through Chope, prior to your arrival at the restaurant.
      • In order to use the offer, enter “[first 6 digits of your credit Card]HSBCCHOPE”.
      • The offer is valid till 31 December 2017.
    • Shopee
      • Enjoy discounts of up to 10% across Shopee stores with your HSBC credit card.
      • New customers get 7% off on a minimum purchase of S$15.
      • New customers can enter the promo code HSBC7NEW while existing customers can enter the code HSBC10OFF.
      • The offer is valid till 30 June 2018.

    HSBC Visa Platinum Card Joining Benefits/perks

    New HSBC cardholders who apply for the HSBC Visa Platinum card can choose between 2 welcome gifts which are cashback of S$120 or American Tourister Caravan 70CM TSA Luggage

    • In addition to any one of the above gifts, cardholders can also receive a S$20 cashback when they sign up for the card online.
    • Signing up for a supplementary card will also entitle them to a cashback offer of S$20.
    • Existing HSBC cardholders who apply for the HSBC Visa Platinum Credit Card will receive S$50 cashback along with a cashback of S$20 when they sign up for a supplementary card and an additional S$20 cashback when they sign up for the card online. The offer is applicable provided their existing HSBC credit card has not been issued more than 24 months ago.

    Cardholders will be eligible for the welcome gift when they charge a minimum qualifying spend of S$600 within one month of the card account being opened.

    Features & benefits of HSBC Visa Platinum Credit Card

    Features

    • The annual fee for the card is waived for the first two years.
    • The annual fees for the supplementary card is perennially waived.
    • Reward points can be accumulated on the Principal Card as well as the Supplementary Card.

    Benefits

    The HSBC Visa Platinum Card lets you make payments in a swift, convenient and secure manner through Visa PayWave. Payments through Visa PayWave are accepted by several popular merchants.

    The HSBC Visa Platinum Credit Card lets you withdraw cash at domestic and overseas ATMs. Cash advances are governed by a cash advance handling fees and interest charges.

    As a HSBC card member, you get the opportunity to avail year-round offers from several participating merchants, making you entertainment, dining and travel experiences even more joyful.

    Fee and charges

    Type of fee

    Amount payable

    Annual fee

    S$192.60

    Supplementary card fee

    FREE

    Interest rate

    25% p.a.

    Late payment charges

    S$55

    Cash advance fee

    6% of the withdrawn amount OR S$15 (depending on whichever of the 2 is higher)

    Interest on cash advance

    28% p.a.

    Overlimit fee

    S$40

    Foreign currencies Transactions Charges

    Foreign currency transactions will attract a currency conversion fee of 1.5%.

    All foreign currency transactions that aren’t in USD are first converted to USD before they’re converted to SGD.

    Currency conversion and administrative charges will be levied after the conversion to SGD.

    Cash withdrawals

    The HSBC Visa Platinum Credit Card can be used to make cash withdrawals from overseas and domestic ATMs.

    A cash advance handling fee of 5% of the withdrawn amount will be charged along with interest charges of 28% p.a.

    Interest charges are levied on an everyday basis (compounding) until the amount is repaid in full.

    HSBC Visa Platinum Credit Card Rewards

    Cash rebate on recurring bills:

    • What you get - 5% cash rebate on payment of recurring cable TV, mobile and internet bills.
    • How to redeem - Spend a minimum of S$400 per month of the calendar quarter.

    Cash rebate on petrol:

    • What you get - Up to 5% cash rebate on petrol purchases at Shell and Caltex + instant petrol discounts of up to 16%.

    How to redeem - Spend a minimum of S$400 per month of the calendar quarter to receive 3% cash rebate and S$800 per month of the calendar quarter to receive 5% cash rebate at Shell and Caltex.

    Cash rebate on groceries:

    • What you get - Up to 5% cash rebate on grocery purchases at all supermarkets and grocery stores in Singapore.
    • How to redeem - Spend a minimum of S$400 per month of the calendar quarter to receive 3% cash rebate and S$800 per month of the calendar quarter to receive 5% cash rebate.

    Cash rebate on dining:

    • What you get - Up to 2% cash rebate on dining at all F&B outlets in Singapore excluding transactions at hotels.
    • How to redeem - Spend at least S$400 every month of the calendar quarter to receive 1% cash rebate and S$800 every month of the calendar quarter to receive 2% cash rebate.

    Charges and details:

    • You can earn a maximum cash rebate of S$120 per quarter per account.

    Instalment Payment Plans

    HSBC’s Card Instalment Plan:

    You can convert purchases of a minimum amount of S$500 made on your HSBC credit card into instalment payment plans at merchant partner stores. Choose from interest-free tenures of 6 months, 12 months, 18 months and 24 months.

    Insurance Benefits with HSBC Visa Platinum Credit Card

    The HSBC Visa Platinum Credit Card comes with two complimentary insurance covers for cardholders and their family members:

    Personal Travel Accident Insurance:

    • Death/Permanent Disability cover for cardholders and family members who are adults - Up to S$300,000.
    • Death/Permanent Disability cover for cardholders and family member who are children - Up to S$75,000.

    Flight Inconvenience Insurance (family cover):

    • Trip cancellation cover - Up to S$10,000.
    • Cover for flight delay - Up to S$1,000.
    • Luggage delay cover - Up to S$800.
    • Cover for luggage loss - Up to S$2,000.
    • Repatriation of mortal remains or funeral expenses cover - Up to S$8,000.

    How to apply for the HSBC Visa Platinum Credit Card

    You can apply for the HSBC Visa Platinum Credit Card online on www.bankbazaar.sg. Visit the BankBazaar website and navigate to the “Credit Cards” webpage. Next to the HSBC Visa Platinum Credit Card, select the option, “Check Eligibility”. You will have to answer the questions asked after which you have to select a quote. Click on “Select Quote” and fill in the application form with your personal details, residential details, contact details, employment details and any other applicable details. After completing this form, click on the option, “Submit” for your application review and approval.

    Eligibility criteria for the HSBC Visa Platinum Credit Card

    • Nationality - Singapore citizens, Permanent Residents and foreigners are eligible to apply for this credit card.
    • Age:
      • Minimum age for principal credit cardholders - 21 years.
      • Minimum age for supplementary credit cardholders - 18 years.
    • Income:
      • Singapore citizens and Permanent Residents - Minimum S$30,000 p.a.
      • Foreigners - Minimum S$40,000 p.a.
      • If you do not meet the minimum income criteria, you can still apply for this credit card if you offer HSBC a fixed deposit collateral of a minimum amount of S$10,000 until the closure of your credit card account.

    Interest rate on the HSBC Visa Platinum Credit Card

    The interest rate charged on this credit card is 25.9% p.a. (Effective Interest Rate) if you do not pay the full outstanding balance on your credit card statements. This interest rate will be levied when you make minimum or partial payments on your credit card bills. The minimum interest charged is S$2.50. No finance charges will be applicable if you make full payments on your credit card statements by your payment due date every month.

    This credit card comes with an interest-free period of 20 days from your statement date and is only applicable if you pay your bills in full every month and carry an EIR of 0%.

    Read More Related to Credit Cards:

    HSBC Visa Platinum Credit Card FAQs

    What are the eligibility requirements in terms of income for HSBC Visa Platinum Credit Card?

    Permanent residents and Singapore citizens must show a minimum annual income of S$30,000. The minimum annual income that a foreigner must have stands at $40,000.

    What are the key benefits of the HSBC Visa Platinum Credit Card?

    The prime features of the card include:

    • 16% instant rebate at all Caltex and Shell stations.
    • 5% cash rebate on selected recurring bills, and 2% cash rebates on groceries and at food and beverage outlets.

    What is the Rewards Programme associated with the HSBC Visa Platinum Credit Card?

    Customers are promised 1 Rewards point every time they spend S$1 through their card. The points can be redeemed for a wide variety of rewards, which include everyday essentials, gourmet delights, and a dedicated array of luxury rewards.

    What are the introductory benefits of applying for the HSBC Visa Platinum Credit Card?

    The onboarding benefits include:

    • By signing up for the card, you can enjoy 2 years annual fee waiver.
    • By signing up now, applicants can choose between S$120 cashback and an American Tourister Caravan 70cm TSA luggage, coupled with a S$50 cashback.

    What is the associated cash advance fee with HSBC Visa Platinum Credit Card?

    For the HSBC Visa Platinum Card, the cash advance fee per transaction is charged at 6% of the withdrawn amount, or S$15, depending on which number stands larger.

    HSBC Visa Platinum Reviews

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