HSBC Advanced Visa Platinum Credit Card Review

HSBC Advanced Visa Platinum Credit Card is specially designed for regular uses, this card comes free of cost. This card also offers some attractive benefits and features like Big welcome benefit, reward benefit, discount on dining bill, fuel surcharge waiver, zero lost card liability, opportunity to earn some extra reward points, balance transfer feature, EMI facility, and lost more. 

Eligibility Criteria:

  • Resident Type: Indian. 
  • For salaried person:
    • Age: 21 to 60 yrs. 
    • Income: ₹50.000 monthly. 
  • For self-employed person:
    • Age: 21 to 65 yrs. 
    • Income: ₹50,000 monthly. 
  • Good CIBIL Score (750 or more).
  • The applicant should maintain a relationship value of ₹5,00,000. 

Required Documents:

  • Photocopy of ID Proof (any 1)
    • Aadhar card
    • Voter Card
    • Passport
    • PAN Card
  • Photocopy of Address proof (any 1) 
    • Last 6 months bank account Statement
    • Aadhar Card 
    • Driving License 
    • Passport
    • Utility bill
  • One recent passport-sized photographs
  • Proof of income statement:
    • Salaried Person (any 1)
      • Latest salary slip, (3 months) 
      • ITR
    • Self-employed person
      • Latest Income tax return. 
      • Proof of business
      • Recently audited financial report. 

Fee:

  • Joining Fee: None. 
  • Annual Fee: None. 

Benefits:

  • Welcome benefit:

If you can spend ₹500 within 30 days of the card issuance you will get an Amazon Gift voucher of ₹250, 3 access at domestic and international airport lounges or you can get 3 meal-vouchers, which you can use at airport restaurants. 

  • Reward benefit:

With this card, you will get 2 reward points on each ₹150 transactions. Those points are valid for 3 years.

  • Dining benefit:

With this card, you can now enjoy up to a 15% discount on your dining bill at more than 1000 restaurants in India. 

  • Fuel surcharge waiver:

With this card you can save up to ₹250 on fuel surcharges in a month, this offer is applicable at any furl stations in India. The transaction amount should be between ₹400 to ₹4000. 

  • Lost card liability coverage:

With this card you are covered with zero lost card liability, to avail the benefit of this facility, you have to report the loss as soon as you notice the loss.  

  • Milestone benefit:

If your annual spend with this card is between ₹4 lakh to ₹1 Cr, you will get 5X reward points. 

  • Instant EMI:

With this card, you can instantly transform any shopping bill over ₹2,000 into an easy monthly installment. 

  • Balance transfer:

You can transfer the balance of your other credit card to this card to get a lower rate of interest on your dues. 

  • Cash-on-EMI:

This feature allows you to pay your withdrawn amount in easy EMIs. You can withdraw cash through the NEFT facility.

  • Balance conversion:

HSBC offers its customers to transform their total outstanding balance into EMIs and pay it just like loans. The minimum due amount should be ₹5,000

Charges:

  • Cash Withdrawal Charge: 2.5% against the amount, Min ₹300
  • Finance Charge: 3.3% monthly. 
  • Foreign currency transaction: 3.5% against the transacted amount. 

Contact Details:

Call: 1800-266-3456

        1800-120-4722

Mail: [email protected] 

100xGain Ratings: 5/10

Final Opinion:

If you are looking for a free credit card then this card can be a good option for you. This card is best suited for daily uses and earning reward points. You will get 2 reward points for each ₹150 transactions, some bonus reward points, fuel surcharge waiver, lost card liability, EMI facility, and lots more. 

But if you want to earn some more benefits then you can go for Kotak Mahindra Wealth Management Infinite Credit Card, or IndusInd Bank Gold Credit Card, both cards come free of cost and offers several exclusive benefits.  

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