Overview
The HSBC Visa Platinum Credit Card is a great option for those who want a credit card without worrying about annual fees or joining fees. Further, there are welcome offers (T&C apply) –
- Get a ₹250 Amazon e-gift voucher upon completing the application process and video KYC.
- Spend ₹5,000 within the first 30 days of card issuance to earn ₹500 cashback.
Key Features
- Lifetime Free Card: No annual or renewal fees – ever!
- Reward Points: Earn 2 reward points on every ₹150 spend
- Accelerated Reward Points: 5X the reward points on any purchase made after spending ₹4,00,000 subject to a maximum cap of 15,000 accelerated reward points in an anniversary year.
- Welcome Benefits: Get Amazon pay worth ₹250 and ₹500 cashback when you spend ₹5,000 within 30 days.
- Insurance Cover (T&C apply): You’ll get insurance coverage for any misuse of your card from 24 hours before reporting it lost, up to ₹300,000.
Pros
✔️Lifetime Free – No annual or joining fees.
✔️Movie offer – Buy one get one free at Bookmyshow upto₹ 250 per month (Only Saturday)
✔️Miles Partners – Decent conversion rate for partners like Air India, Singapore Airlines etc.
Cons
❌No complimentary Lounge Access
❌High forex markup –3.5% + GST
❌Average reward rate
Who Should Get This Card?
- Shoppers who love earning reward points on spend
- Anyone looking for a lifetime-free credit card with solid perks.
Eligibility
- Annual income of ₹4 lakhs or more
- Minimum age to apply is 18 years.
- Reside in Chennai, Gurgaon, Delhi National Capital Region (NCR), Pune, Noida, Hyderabad, Mumbai, Bangalore, Kochi, Coimbatore, Jaipur, Chandigarh, Ahmedabad or Kolkata
Final Verdict
This is a good card for people who want a fuss free life-time free card. Sometimes, many brands give bank specific offers, and for that it is good to have the HSBC card in the portfolio.
The HSBC Visa Platinum Credit Card is a solid lifetime-free option for those looking for basic benefits without any annual fee burden. The welcome offers (₹250 Amazon voucher + ₹500 cashback on ₹5,000 spend) make it attractive initially, and the BookMyShow Buy 1 Get 1 free on Saturdays adds value for movie lovers. However, the high forex markup (3.5% + GST) and the lack of lounge access limit its appeal for frequent travelers. The reward structure is average, with accelerated points kicking in only after ₹4 lakh annual spend. Overall, it’s a decent secondary card to keep for occasional bank-specific offers and everyday shopping rewards.