The HSBC Advance Platinum Credit Card is on offer exclusively to customers who hold a HSBC Advance account. Customers who have a strong financial relationship with the bank, such as a salary account, a mortgage or a Rs. 3 lakh quarterly balance, will qualify for a HSBC Advance account. This exclusive card comes with state-of-the-art features and privileges. Earn rewards like never before with offers to earn up to 5 times the normal reward points. Enjoy this credit card without paying any annual fees and get attractive rates of interest on your outstanding balance. There are a ton of EMI options in store to make your repayments as easy as it can be.
Earn 2 reward points for every Rs. 150 you spend on your HSBC Advance VISA Platinum Card.
Rewards points are valid for 3 years. Redeem your reward points on home appliances, electronic equipment, gift vouchers, airline miles, garments, jewellery, fashion accessories, cosmetics and donation to charities.
Bonus Reward Points:
If you cross Rs. 4 lakh up to Rs. 1 crore spent on your credit card in the first year, you are eligible to earn 5x times the reward points. If you are eligible for the 5x reward scheme, the 3x scheme will automatically cease.
No annual fees:
With this credit card, you will incur absolutely no annual fees. Any add on card you may avail of also will not attract any joining and annual fees.
Fuel Surcharge Waiver:
For transaction amounts of Rs. 400 to Rs. 4,000 on fuel at any petrol station across India, the fuel surcharge will be waived. A nominal fee of Rs. 10 is charged on transactions below Rs. 400. Customers will incur a 2.5% surcharge on transactions above Rs. 4,000.
Lost credit card liability:
In case you lose your credit card, report it immediately to HSBC. You will not be liable to any fraudulent charges on your card up to 24 hours before reporting and 7 days after. HSBC provides Rs. 3 lakhs insurance from Tata AIG General Insurance Company Limited.
Convert your retail spends instantly into EMIs and pay it back conveniently in small instalments. Instant EMI offer is available only on a select range of purchases at merchant outlets. You need to spend at least Rs. 2,000 to convert the transaction into an EMI.
Loan on Phone:
Loan on Phone facility offered by HSBC, you can buy big ticket items and convert your purchases into easy EMIs. The minimum transaction amount required to avail this offer is Rs. 2,000. Inform HSBC within 15 days of the purchase to convert it to EMIs of 3, 6, 9 or 12 months. Processing fees and interest rates are applicable but you will still earn reward points. EMI interest is calculated at a lower rate of 15% p.a. to 24% p.a.
Available to select HSBC Advance Platinum Credit Cardholders, this facility allows you to withdraw money and pay it back in EMIs. Cash can be availed through cashier order of NEFT facility. To know if you are eligible, call HSBC phone banking.
Cardholders have the option to convert the total outstanding retail balance into EMIs and pay back the amount like a loan. The minimum amount required is Rs. 5,000. You can choose EMI options of 3, 6 and 12 months.
Transfer any balance on another bank’s credit card to your HSBC credit card and repay the same in easy monthly instalments. You need to transfer a balance of at least Rs. 3000. The tenures for EMI available are 6, 8, 12, 18 and 24 months.
You’ll enjoy your food more when you get up to 20% off dining at more than 700 partner restaurants in all major cities.
Spend over Rs. 50,000 in a calendar month and get a movie ticket voucher worth Rs. 500. Avail of a maximum of Rs. 3,000 in a year.
Your credit card will be accepted in more than 18 million establishments all over the world. This includes more than 1 lakh establishments in India.
Get up to 52 days interest free periods on your purchases. Pay your bills in full by the due date to continue the interest free cycle on subsequent purchases.
With your credit card, you can roll over the balance amount to the next month after paying the minimum due. The balance will be subject to an interest of 3.3% per month.
Cash advance around the world:
With your HSBC Advance Platinum credit card, you have access to 700,000 ATMs around the globe.
You can register for online banking and manage your credit card anytime and anywhere. Download statements, redeem rewards and contact HSBC directly and privately through online messaging.
With your Phone Banking Number (PBN) and your Personal identification Number (PIN), you have access to phone banking. Credit card bill payment, balance enquiry and more are available on the phone.
Avail of supplementary credit cards for your family members so that they can also enjoy the benefits of HSBC Advance Platinum credit card. You can take an add on card for your spouse, parents, children and siblings above the age of 18.
Shop online with peace of mind with your HSBC Advance Platinum credit card. A one-time password (OTP) will be issued to your mobile number through a text message for you to verify and confirm the transaction.
Annual fee (per annum)
Add on cards
Interest free period
Up to 52 days interest-free period is given provided the previous month’s outstanding balance is paid in full.
3.3% per month or 39.6% per annum is charged from the date of transaction on the basis of a daily reducing balance.
Minimum Amount due
5% of your total payment due will be the minimum due (plus greater of past due or overlimit due), subject to a minimum of Rs. 100.
Late payment charges
50% of the minimum amount due is charged if the payment does not reach HSBC by the due date. A minimum of Rs. 400 to a maximum of Rs. 750 is charged.
Cash Advance limit
This limit will be set at 40% of the credit limit or will be communicated in your monthly statement.
Cash Withdrawal interest
2.5% of the transaction value from the date of withdrawal, subject to a minimum of Rs. 300.
Fees on cash withdrawal at any domestic ATM
Fees on cash withdrawal at International ATMS
Balance enquiry at other bank ATMs
Rs. 500 per month
Cheque Bounce/Invalid ECS or standing instruction
Foreign Currency Transaction
Out of town cheque collection and processing
Up to Rs. 10,000 - Rs. 50 per cheque
Rs. 10,000 - Rs. 1 lakh - Rs. 100 per cheque
Above Rs. 1 lakh - Rs. 150 per cheque
Charges on Cash Payment (applicable on payments made via cash drop boxes and HSBC branches)
Rs. 225 per month
Duplicate statements more than 3 months old
Rs. 100 per statement
For transactions below Rs. 400, Rs. 10 is charged. For transactions above Rs. 4,000, 2.5% of the transaction amount is charged. A maximum of Rs. 250 waiver can be availed of in one calendar month.
Railway surcharge at counters
Rs. 10 of 2.5% of the transaction amount, whichever is higher.
Railway surcharge for online bookings
HSBC does not levy any fees. Rs. 30 processing fee per transaction plus any fee if charged for using another bank’s payment gateway.
Rewards redemption handling charges
Copy of Credit Information Report
Loan on phone
A processing fee of 2% is applicable on the loan on phone facility, subject to a minimum of Rs. 100.
To qualify for a HSBC Advance Platinum Credit Card, you need to meet the following criteria:
The HSBC Advance account can be availed in India if you meet ONE of the following criteria:
HSBC will communicate and advise you on the documentation required in respect to your identification, address and income or employment. Any other documentation required such as PAN details to comply with all legal and regulatory requirements will also be communicated.
HSBC offers a number of methods to pay your credit card bill as per your convenience.
Yes, defaulting on credit card payments and EMIs will affect your CIBIL score. HSBC will adhere to the procedure that is approved by the board in reporting the issue after giving sufficient notice to you about the overdue payment.
You can raise a dispute on any errors, irregularities, omissions or fraudulent and unauthorised transactions on your credit card. You can also raise any other objections to charges on your card. You need to do this within 30 days of receiving the statement of accounts. Please note that HSBC will assume you have received the monthly statement 10 days after it has been dispatched, or upon actual receipt, whichever is earlier. You can notify HSBC via phone, email, post or visiting their bank branch.
To redeem your accumulated reward points, call HSBC Phone Banking or visit www.hsbc.co.in for redemption.
You can transfer up to 90% of your HSBC credit limit. This is subject to the available balance on your credit card on the date of balance transfer approval.