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    HSBC MMT Platinum Credit Card

    Fees & Charges

    Promised Interest Rate

    Customer Service




    HSBC Credit Card Diwali Offer

    MakeMyTrip and HSBC have launched their co-branded credit card HSBC MMT Platinum card that can be availed by customers for earning lifestyle benefits including travel privileges, shopping privileges, and much more. The Hongkong and Shanghai Banking Corporation Limited, India (HSBC) issues the HSBC MakeMyTrip credit card and this offers exclusive benefits and privileges, especially while using services offered by MakeMyTrip, a leading online travel company in India. The usage of this credit card is limited to India only and in order to be valid internationally, a special request has to be placed at the time of application.

    Benefits of HSBC MMT Platinum card:

    Global Acceptance:

    HSBC MMT Platinum Credit Card is accepted globally in more than 18 million outlets and in India 100,000+ merchant establishments accept this card.

    Rewards Program:

    • For every Rs. 100 spent on MakeMyTrip earn 5 points
    • For every Rs. 100 spent on outlets other than MakeMyTrip, earn 1.5 points

    You can redeem your reward points through HSBC Phone Banking or by visiting the Bank’s website. The reward catalogue includes attractive gifts falling under the category of electronic equipment, airline miles, gift vouchers, home appliances, airline miles, jewellery, fashion accessories, garments, cosmetics and much more.

    Fuel Surcharge Waiver:

    By purchasing fuel worth Rs. 400 to Rs. 4000 using your HSBC MMT Platinum card, you can avail a fuel surcharge waiver of 2.5% or maximum Rs 250, in all fuel stations across India. On transactions below Rs. 400, a nominal fee of Rs. 10 is charged. If the fuel transaction is above Rs. 4,000, then customers will have to pay a 2.5% surcharge.

    Dining Privileges:

    You can enjoy exclusive Dining Privileges on your HSBC MMT Platinum credit card with up to 20% discount in all major cities.

    Lost Credit Card Liability:

    By reporting the loss, theft, or any other malpractice/ fraud on your HSBC MMT Platinum credit card, the bank will cover you for your losses incurred 24 hours before the report and 7 days after the incident has been reported to the Bank. The customer will not be liable for any unauthorized transactions. ICICI Lombard General Insurance Company Limited has undertaken an insurance coverage worth Rs. 3, 00,000 on the HSBC MMT Platinum credit card.

    Free Credit Period:

    HSBC MMT Platinum credit cardholders can avail up to 52 days of interest free credit period if they have paid their previous month’s outstanding balance, by the due date.

    Features of HSBC MMT Platinum card:

    Loan on Phone Facility:

    The loan on Phone feature available on the HSBC MMT Platinum credit card allows a cardholder to buy any item of his/her choice and convert the payments into monthly installments by using HSBC Phone banking. By calling HSBC Phone banking and placing a request for the conversion, a purchase can be converted into a loan. This can be done within 15 days of the purchase. Interest rate applicable on the EMI will range from 15% p.a. to 24% p.a.

    Perpetual Balance Transfer:

    Outstanding credit card dues on other bank credit cards can be transferred to your HSBC MMT Platinum credit card, if the amount outstanding is not below Rs. 3000. An interest rate of 1% to 1.2% is chargeable on the transferred balance, per month. 5% of the total outstanding amount has to be paid as minimum payment to this perpetual balance transfer, or a minimum of Rs. 100, whichever is the highest.

    Balance Transfer on EMI:

    This feature is offered on HSBC MMT Platinum credit card to provide customers the opportunity transfer outstanding dues from other bank credit cards to your HSBC MMT Platinum Credit Card. The repayment towards this amount can then be made in easily payable monthly installments at an attractively low interest rate. The repayment can be made in the following tenure options - 6, 12, 18 and 24 months.

    Interest rate for each tenures are:

    • For 6 months to 12 months tenure - 12.5% per month
    • For 18 to 24 months tenure: 1.50% per month.

    A processing fee of 1.5% of the balance transfer that has been converted to EMI, will be levied on this transaction.

    Cash on EMI facility:

    The cash on EMI facility can be used by a cardholder in order to avail a cash advance on his/her credit card. This cash advance can be paid back in easily payable monthly installments.

    Balance Conversion:

    The HSBC MMT Platinum credit cardholder can convert his outstanding balance in a month to EMIs. The processing fee applicable on this transaction is 2% and the interest rate applicable is 15% per annum.

    Instant EMI:

    Customers can also convert the spends made through the HSBC MMT Platinum Credit Card to EMI. The repayment tenure options available on this are 3, 6, 9 or 12 months, as chosen by the customer. You can earn reward points on this transaction, which can be used to redeem exclusive rewards.

    Extended Credit Facility:

    You can also avail extended credit facility on all your purchases and each month, you only have to pay the minimum amount due. The balance amount will be carried forward to the next month and the total amount can be repaid later on. This gives you greater flexibility in terms of credit available and repayment.

    International ATM access:

    You can withdraw cash across several ATMS worldwide using your HSBC MMT Platinum credit card.

    Other features:

    Phone Banking Facility, Net Banking Facility and Mobile Banking are also enabled on the HSBC MMT Platinum credit card.

    Fees and Charges:

    Joining Fee


    Annual Fee

    Rs. 499

    Add-on Card fee


    Interest free credit period

    52 days (Maximum period)

    Finance charges

    3.3% per month

    Duplicate Statement

    Rs. 100

    Cash advance transaction fee

    2.5% of the cash advance amount or Rs. 300, whichever is the highest

    Cheque bounce charges

    Rs. 350 per instance

    Charge Slip Retrieval

    Rs. 225

    Foreign currency conversion charges


    HSBC MMT Platinum Credit Card FAQs:

    1. What are the services offered at HSBC ATMs in India?

      HSBC ATMs offer additional services to customers, such as: enquiry on minimum amount due, credit balance enquiry, payment due date enquiry, PIN change, deposit of cash or Cheque for payment towards your credit card account, placing request for your last credit card statement, etc.

    2. What is the late payment fee charged on the card?

      50% of the minimum amount due or a minimum amount of Rs. 400. The maximum amount charged is Rs. 750 per month.

    3. Is there a charge applicable on the redemption of rewards?

      You can redeem rewards based on your reward points accumulated. However, handling charges of Rs. 50 per redemption is levied by the Bank.

    4. When can my annual fees be waived?

      Your annual fees payable for the HSBC MMT Platinum card will be waived if you make purchases worth Rs. 1 lakh and above on your card, in a year.

    5. What is the Foreign Exchange Entitlement feature on this credit card?

      This feature specifies that, regardless of the foreign exchange entitlement placed by the Foreign Exchange Management Act, 1999, a HSBC MMT Platinum Credit Cardholder can make purchases within their credit limit available on this card.

    6. What are the conditions applicable on the lost card liability feature on the card?

      If the HSBC MMT Platinum Credit Card is stolen, lost or misused, then the cardholder must report the loss to the Bank immediately. The insurance coverage will be applicable only on the sum of money misused 24 hours before the loss is reported and 7 days after the date of reporting the same. PIN-based transactions, Counterfeit Cards, pre-delivery frauds, etc. are not covered under this feature.

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