If you are looking for a credit card that offers cashback, rewards, and discounts on your everyday expenses, then the HSBC Visa Platinum Credit Card in Singapore might be what you need. This credit card is designed to help you save money on your groceries, dining, petrol, and more. With its wide selection of privileges and discounts, there is something for everyone in the family to enjoy.
One of the main benefits of the HSBC Visa Platinum Credit Card is that it offers 5% cashback on local dining and groceries, including food deliveries and online groceries. Additionally, you can earn up to 22% fuel savings at Caltex and Shell petrol stations. The card also offers cash rebates of up to SGD1,000 each year, making it a great choice for those who want to save money on their everyday expenses.
Another advantage of the HSBC Visa Platinum Credit Card is that it has no annual fee, making it a cost-effective option for those who want to enjoy the benefits of a credit card without paying extra fees. You can apply for the card online via Singpass MyInfo on the HSBC website if you are a Singaporean or PR, or request a callback by leaving your details in the online contact form. Overall, the HSBC Visa Platinum Credit Card is a great choice for those who want to save money on their everyday expenses while enjoying a wide range of rewards and privileges.
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If you don’t have time to read all of this, here’s a quick summary of the HSBC Visa Platinum Credit Card in Singapore:
- Rewards: Earn up to 5% cashback on dining, groceries, and fuel spending, and up to 0.4 miles per S$1 spent on general expenses.
- Welcome offer: Enjoy an annual fee waiver for the first two years.
- Other benefits: Get travel insurance, discounts on travel packages and car rentals, and complimentary access to over 1,000 airport lounges worldwide.
- Eligibility: Must be at least 21 years old with a minimum annual income of S$30,000 (Singaporeans and PRs) or S$40,000 (foreigners).
Overall, the HSBC Visa Platinum Credit Card is a good option for those who want a card with a good balance of rewards, cashback, and travel benefits. However, it’s important to compare it to other cards on the market before making a decision.
Key Features and Benefits
Are you looking for a credit card that offers amazing rewards and benefits? Look no further than the HSBC Visa Platinum Credit Card! Here are some of its key features and benefits that make it an excellent choice for Singaporeans:
Reward Points and Cashback System
With the HSBC Visa Platinum Credit Card, you can earn reward points and cashback for every dollar you spend. For instance, you can enjoy a 5% cash rebate on local dining and groceries, including food deliveries and online groceries. You can also earn 0.4 miles per S$1 general spend, unlimited. Plus, you can earn up to 17% instant discount plus 5% cash rebate on fuel spending at Caltex and Shell stations.
Dining and Grocery Perks
If you love dining out or cooking at home, the HSBC Visa Platinum Credit Card is perfect for you. You can enjoy a 5% cashback on dining (except hotel dining) and a 5% cashback on supermarket spend (retail and online). You can also earn extra 1% cashback on top of the 5% cashback when you spend at least S$800 per month with the HSBC Everyday+ rewards program. Moreover, you can redeem your rewards points for dining vouchers and other lifestyle perks.
Fuel Savings with Caltex and Shell
If you’re a car owner, you’ll appreciate the fuel savings you can enjoy with the HSBC Visa Platinum Credit Card. You can earn up to 5% cash rebate on fuel spending at Caltex and Shell stations, plus a 16% instant discount on petrol at Caltex and Shell. This means you can save more money on your fuel expenses, which can add up to significant savings over time.
Travel Rewards and Offers
If you love to travel, you’ll be pleased to know that the HSBC Visa Platinum Credit Card offers a range of travel rewards and offers. For instance, you can enjoy airport lounge access, complimentary travel insurance coverage, and exclusive discounts on travel packages and hotel bookings. You can also use the Entertainer with HSBC app to enjoy 1-for-1 deals on dining, entertainment, and leisure activities at top destinations around the world.
With all these amazing features and benefits, it’s no wonder why the HSBC Visa Platinum Credit Card is a popular choice among Singaporeans. Apply now and start enjoying the perks of this fantastic credit card!
Fees and Charges
If you are considering the HSBC Visa Platinum Credit Card, it is important to understand the fees and charges associated with the card. Here’s a quick overview of what you can expect:
Annual Fee and Waivers
The HSBC Visa Platinum Credit Card comes with an annual fee of SGD 192.60. However, the good news is that the annual fee is waived for the first two years. This means that you can enjoy all the benefits of the card without having to pay anything for the first two years.
Other Associated Fees
In addition to the annual fee, there are other fees that you should be aware of. Here are some of the most common fees associated with the HSBC Visa Platinum Credit Card:
- Late Payment Fee: If you fail to make your minimum monthly payment by the due date, you will be charged a late payment fee of SGD 125.
- Foreign Currency Transaction Fee: If you use your card to make a purchase in a foreign currency, you will be charged a fee of 1.5% of the transaction amount.
- Overlimit Fee: If you exceed your credit limit, you will be charged a fee of SGD 40.
- Minimum Monthly Payment: Your minimum monthly payment will be 3% of your outstanding balance or SGD 50, whichever is higher.
- Finance Charges: If you carry a balance on your card, you will be charged finance charges of 25.9% per annum.
It’s important to note that these fees are subject to change, so it’s always a good idea to check the latest fees and charges on the HSBC website.
Eligibility and Application Process
If you are interested in applying for the HSBC Visa Platinum Credit Card in Singapore, here is what you need to know about the eligibility and application process.
Criteria for Singaporeans and PRs
To apply for the HSBC Visa Platinum Credit Card as a Singaporean or Permanent Resident, you must meet the following criteria:
- You must be at least 21 years old.
- You must have a minimum annual income of SGD 30,000.
- You must have a valid NRIC and SingPass account.
Requirements for Foreigners
If you are a foreigner residing in Singapore, you can also apply for the HSBC Visa Platinum Credit Card if you meet the following requirements:
- You must be at least 21 years old.
- You must have a minimum annual income of SGD 40,000.
- You must have a valid passport and employment pass.
Online Application Steps
To apply for the HSBC Visa Platinum Credit Card online, follow these simple steps:
- Visit the HSBC Visa Platinum Credit Card page on the HSBC Singapore website.
- Click on the “Apply now” button.
- Fill out the online application form with your personal and financial information.
- Submit the necessary documents, such as your NRIC or passport, proof of income, and employment pass (if applicable).
- Wait for HSBC to review your application and notify you of the outcome.
Applying for the HSBC Visa Platinum Credit Card online is quick and easy, and you can enjoy the benefits of this card in no time. So why wait? Apply now and start enjoying the cash rebates, discounts, and privileges that come with the HSBC Visa Platinum Credit Card in Singapore.
Tip
Ready to maximize your credit card benefits? Remember to regularly check your card’s promotions and offers section on the HSBC Singapore website or mobile app. Many exclusive deals and discounts are updated frequently, ranging from dining discounts to travel privileges.
Stay informed and make the most out of your HSBC Visa Platinum Credit Card by taking advantage of these ongoing perks! Happy savings!
Spending and Rebates
If you are looking for a credit card that rewards you for your spending, the HSBC Visa Platinum Credit Card is a great option. With this card, you can earn cash rebates of up to SGD1,000 each year. Here’s what you need to know to maximise your cash rebates.
Maximising Cash Rebates
To maximise your cash rebates, you need to understand the minimum monthly spend requirement and the qualifying transactions. You will need to spend a minimum of SGD600 in a calendar month to qualify for the 5% cash rebate. The cash rebate is capped at SGD250 per calendar quarter.
The qualifying transactions for the cash rebate include dining, groceries, and fuel. You will earn 5% cash rebate on these transactions. Additionally, you will earn 1 Reward point for every dollar that you spend on this card.
Understanding the Cashback Cap
It’s important to note that the cash rebate is capped at SGD250 per calendar quarter. This means that if you reach the cap before the end of the quarter, you will not earn any more cash rebates until the next quarter. However, you can still earn Reward points on your spending.
To ensure that you maximise your cash rebates, you should plan your spending accordingly. For example, you could focus your spending on dining, groceries, and fuel in one calendar month to reach the minimum spend requirement and earn the 5% cash rebate.
Comparison with Other Credit Cards
When it comes to credit cards in Singapore, there are plenty of options to choose from. However, if you’re looking for a credit card that offers a great balance of rewards, cash rebates, and other benefits, the HSBC Visa Platinum Credit Card is definitely worth considering. Here’s how it stacks up against some of the other popular credit cards in Singapore.
HSBC Visa Platinum vs Citi Cash Back Card
If you’re looking for a credit card that rewards you for your everyday spending, both the HSBC Visa Platinum and the Citi Cash Back Card are great options. However, the HSBC Visa Platinum offers better rewards for dining, fuel, and groceries. On the other hand, the Citi Cash Back Card offers better rewards for online shopping and retail spending. So, if you’re someone who spends a lot on dining, fuel, and groceries, the HSBC Visa Platinum is the better choice for you.
Benefits Over UOB One Card
The UOB One Card is another popular credit card in Singapore that offers cash rebates on everyday spending. While the UOB One Card offers higher cash rebates for certain categories like groceries and petrol, the HSBC Visa Platinum Credit Card offers a better balance of rewards across multiple categories. Additionally, the HSBC Visa Platinum Credit Card does not require you to hit a minimum spend to earn cash rebates, unlike the UOB One Card.
Contrast with OCBC 365
The OCBC 365 credit card is known for its generous cash rebates across a wide range of categories. However, the HSBC Visa Platinum Credit Card offers better rewards for dining, travel, and online shopping. Additionally, the HSBC Visa Platinum Credit Card offers a higher cash rebate cap per month, making it a better option for big spenders.
Additional Information
Supplementary Cards and Family Offers
The HSBC Visa Platinum Credit Card offers supplementary cards for your family members. You can get up to 5 supplementary cards with no annual fee. This means that your family members can also enjoy the benefits and privileges of the card.
In addition to that, the card also offers family-friendly benefits such as cashback on groceries and dining, making it an ideal choice for families. You can earn up to 5% cashback on your grocery spending and dining expenses, which can add up to significant savings over time.
Converting Reward Points to Miles
If you are a frequent flyer, you can convert your HSBC reward points to miles. The card allows you to convert your reward points to Asia Miles or KrisFlyer miles, which can be redeemed for flights, hotel stays, and other travel-related expenses.
To convert your reward points to miles, you need to have a minimum of 5,000 reward points. You can then convert them to 1,000 Asia Miles or KrisFlyer miles. The conversion process is simple and can be done online or through the HSBC mobile app.
It is important to note that the conversion rate may vary depending on the airline and the destination. You should also check for any blackout dates or restrictions before redeeming your miles.
Frequently Asked Questions
What exclusive benefits can I enjoy with the HSBC Visa Platinum Credit Card?
As an HSBC Visa Platinum Credit Cardholder, you can enjoy a wide range of exclusive benefits, including cash rebates of up to SGD 1,000 each year, discounts on dining, and petrol. You can also earn up to 5% cashback on your supermarket spend, both online and in-store. Additionally, you can enjoy exclusive travel deals and discounts on hotel bookings, car rentals, and more.
How much do I need to spend to maximise rewards on my HSBC Visa Platinum Credit Card?
To maximise your rewards on your HSBC Visa Platinum Credit Card, you should aim to spend at least SGD 600 per month. This will allow you to earn cashback rewards of up to 5% on your supermarket spend, dining, and petrol purchases.
Can you tell me about the air miles conversion rate for the HSBC Visa Platinum Credit Card?
Yes, you can convert your HSBC Visa Platinum Credit Card’s reward points to air miles at a conversion rate of 1 Rewards point to 0.4 air miles. However, please note that this conversion rate is subject to change, so it’s always best to check with HSBC for the latest rates.
How do cardholders rate their experience with the HSBC Visa Platinum Credit Card?
Cardholders have generally rated their experience with the HSBC Visa Platinum Credit Card positively. They have praised the card’s cashback rewards, exclusive benefits, and wide range of discounts. However, some cardholders have reported issues with the card’s customer service, so it’s always best to check with HSBC for the latest customer service ratings.
What are the annual fee details for the HSBC Visa Platinum Credit Card?
The HSBC Visa Platinum Credit Card has an annual fee of SGD 192.60, which is waived for the first two years. However, if you spend at least SGD 12,500 per year, you can enjoy a waiver of the annual fee for subsequent years.
Which airport lounges can I access with my HSBC Visa Platinum Credit Card?
As an HSBC Visa Platinum Credit Cardholder, you can enjoy complimentary access to more than 1,000 airport lounges worldwide through the LoungeKey program. To access the lounges, you simply need to present your HSBC Visa Platinum Credit Card at the lounge reception. However, please note that some lounges may require an advance booking, so it’s always best to check with HSBC for the latest lounge access details.
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