facebookHSBC Visa Platinum Credit Card Reviews and Comparison - Seedly

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Credit Cards/HSBC Visa Platinum Credit Card
Credit Cards/HSBC Visa Platinum Credit Card
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Summary

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Summary of HSBC Visa Platinum Credit Card 2022

HSBC Visa Platinum Credit Card is a high cashback rewards credit card, with no annual fees - ideal for families as you can get 5% cash rebate on categories like dining, groceries and fuel. Important to note would be the minimum spending requirement of S$600 per calendar quarter to qualify for rebates and the S$250 rebate cap per calendar quarter.

Card Features & Details

1) Key Features

  • 5% cash rebate on Dining, Groceries, and Petrol
  • Exclusive discounts when you shop with Shopee
  • 1X Reward point for every S$1 spent 
  • Annual fee waived for first 2 years

2) Benefits

Groceries

  • 5% cashback on dining
  • Minimum spend of S$600 monthly per calendar quarter (all 3 months)
  • Cash rebate capped at S$250 per calendar quarter 

Dining

  • 5% cashback on groceries
  • Minimum spend of S$600 monthly per calendar quarter (all 3 months)
  • Cash rebate capped at S$250 per calendar quarter 

Petrol

  • 5% cash rebate on petrol
  • Caltex: Instant discount of up to 17% + 5% cash rebate 
  • Shell:  Instant discount of up to 14% + 5% cash rebate 
  • Minimum spend of S$600 monthly per calendar quarter (all 3 months)
  • Cash rebate capped at S$250 per calendar quarter 

3) Eligibility

  • Age: 21 years old and above
  • Minimum income: S$30,000 and above per annum (for Singaporeans and PRs) | S$40,000 and above per annum (for Foreigners)

4) Fees & Charges 

  • Annual fees: $193 (first two year waiver)
  • Late fee: S$55 
  • Annual interest rate: 25.90%
  • Foreign currency transaction fee: 2.80%
  • Minimum monthly repayment: 3% or S$50, whichever is higher
  • Interest-free period: 20 days
...see more

HSBC Visa Platinum Credit Card

5% on dining, groceries and petrol

CASHBACK

$250

CASHBACK CAP

$600

MINIMUM SPEND

HSBC Visa Platinum Credit Card

5% on dining, groceries and petrol

CASHBACK

$250

CASHBACK CAP

$600

MINIMUM SPEND

Reviews (3)

4.3

3 Reviews

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      Posted 08 Apr 2022

      Purchased

      HSBC Visa Platinum Credit Card

      Important to note would be the minimum spending requirement of S$600 per calendar MONTH *quarter* to qualify for rebates and the S$250 rebate cap per calendar quarter.

      0

      What are your thoughts?

      Posted 27 Jan 2022

      Purchased

      HSBC Visa Platinum Credit Card

      [Promotions and Perks] Fantastic travel card! Great points offer for signup worth around $400. No foreign transaction fees (that's a huge one) Boingo hotpsot and TSA precheck. 2x points for travel expenses.

      0

      What are your thoughts?

      Posted 03 Sep 2021

      Purchased

      HSBC Visa Platinum Credit Card

      need to charge a minimum amount of S$600 in Eligible Purchases per month for all 3 months in any given Quarter. 5% rebate on dining, groceries and fuel, good for family

      0

      What are your thoughts?

    Discussions (0)

      No Posts Found.

      Features of HSBC Visa Platinum Credit Card

      • Enjoy 5% cash rebate on your dining, groceries and fuel spend
      • Earn 1 Reward Point for every 1 dollar spent
      • No annual fees for the first 2 years
      • For fuel rewards, on top of the 5% rebate, HSBC Visa Platinum directly gives you 17% instant discount on fuel spend at Caltex and Shell stations.
      • For dining, the 5% cash rebate applies to all food and beverage outlets in Singapore, except hotel dining.
      • For groceries, purchases from online supermarkets are included as well.
      • To qualify for rebates, there's a minimum spend of S$600 you have to hit each calendar quarter.
      • Additionally, rebates are capped at S$250 per quarter, and S$1000 per year.
      • When will you get rebates? Rebates will be posted to your card account within 2 months after the end of each quarter. For example, cash rebates for eligible spend on your rebate categories made in October to December (fourth quarter) will be posted into your card account by 28 February the following year.

      Eligibility for HSBC Visa Platinum Credit Card

      • Supplementary cardholders minimum age must be at least 21 years of age  
      • Supplementary cardholders minimum age must be at least 18 years of age
      • Singaporeans and PR; Minimum annual income of $30,000
      • Singaporeans and PR (Self Employed and Commission-based); Minimum annual income of $30,000
      • Foreigners; Minimum annual income of $40,000
      • Minimum Fixed Deposit Collateral of $10,000

      Fees and Charges for HSBC Visa Platinum Credit Card

      • Annual Principle Fee: S$180 (S$192.60 inclusive of GST)
      • Annual Supplementary Card fee: Free
      • Fee waiver: For the first 2 years only
      • Minimum monthly payment: 3% or $50, whichever is higher
      • Late payment charge: $55

      How to apply for HSBC Visa Platinum Credit Card

      You can apply online, with or without MyInfo, or through HSBC branches.

      Apply using MyInfo via SingPass and save the hassle to provide supporting documents.

      Alternatively, prepare the following supporting documents with your application.

      • ID documents of primary and supplementary applicant(s)
      • Income documents of primary applicant

      Contact us at [email protected] should you require any assistance or spot any inaccuracies.

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