If you’re looking for a credit card that offers a range of benefits, the HSBC Platinum Credit Card may be the right choice for you. This card offers cash rebates of up to $1,000 per year, along with exclusive discounts and privileges for cardholders. With no annual fee, it’s easy to see why this card is a popular choice in Singapore.
One of the key features of the HSBC Platinum Credit Card is its cash rebate programme. Cardholders can earn up to $1,000 in cash rebates each year, making this card a great choice for those who want to save money on their everyday expenses. In addition, the card offers a range of exclusive benefits, including discounts on dining, leisure activities, and more.
To be eligible for the HSBC Platinum Credit Card, you must be a Singaporean citizen or permanent resident, and you must meet certain income requirements. The application process is simple and straightforward, and you can apply online or in person at an HSBC branch. Once you’re approved, you’ll receive your card in the mail and can start taking advantage of all the benefits it has to offer.
Key Takeaways
- The HSBC Platinum Credit Card offers cash rebates of up to $1,000 per year, along with exclusive discounts and privileges for cardholders.
- To be eligible for the card, you must be a Singaporean citizen or permanent resident and meet certain income requirements.
- The application process is simple and straightforward, and you can apply online or in person at an HSBC branch.
Key Features of HSBC Platinum Credit Card
If you’re looking for a credit card that offers generous cashback on your everyday spending, the HSBC Platinum Credit Card is definitely worth considering. Here are some of the key features that make this card stand out:
Generous Cashback on Everyday Spending
With the HSBC Platinum Credit Card, you can earn cashback on a wide range of everyday expenses, including dining, groceries, and petrol. You can earn up to 5% cashback on these categories, with a cashback cap of $250 per quarter. To qualify for the cashback, you’ll need to spend a minimum of $600 per month on your card.
Attractive Rewards Programme
In addition to cashback, the HSBC Platinum Credit Card also offers an attractive rewards programme called the HSBC Everyday+ Rewards Programme. With this programme, you can earn points on all your purchases, which you can then redeem for a range of rewards, including shopping vouchers, air miles, and more.
To earn points, you’ll need to spend a minimum of $1,000 per month on your card. The number of points you earn will depend on your spending, with higher spenders earning more points. You can also earn bonus points when you first sign up for the card.
Overall, the HSBC Platinum Credit Card is a great choice for anyone looking to earn cashback and rewards on their everyday spending. With its generous cashback rates and attractive rewards programme, this card is definitely worth considering if you’re in the market for a new credit card.
Exclusive Benefits for Cardholders
As an HSBC Platinum Credit Cardholder in Singapore, you can enjoy a range of exclusive benefits that make your life easier and more enjoyable. Here are some of the top perks you can look forward to:
Dining and Grocery Perks
With your HSBC Platinum Credit Card, you can enjoy up to 5% cashback on dining, groceries, and petrol. This means that every time you dine out, stock up on groceries, or fill up your tank, you’ll be earning cashback that you can use to save money or treat yourself to something special. Plus, with a quarterly cash rebate cap of $250, you can enjoy even more savings.
Fuel Savings and Transport Offers
In addition to cashback on petrol, HSBC Platinum Credit Cardholders in Singapore can enjoy exclusive discounts and offers on transport. For example, you can enjoy up to 21% off your ComfortDelGro taxi rides when you pay with your HSBC Platinum Credit Card.
Lifestyle and Travel Privileges
As an HSBC Platinum Credit Cardholder, you can also enjoy a range of lifestyle and travel privileges that make your life more luxurious and enjoyable. For example, you can enjoy exclusive discounts and offers on dining, shopping, and entertainment, as well as access to airport lounges and other travel perks.
Overall, the HSBC Platinum Credit Card in Singapore is an excellent choice for anyone who wants to enjoy exclusive benefits and savings on everyday expenses. Whether you’re looking to save money on dining and groceries, enjoy fuel savings and transport offers, or indulge in luxury travel and lifestyle perks, the HSBC Platinum Credit Card has you covered.
Understanding Fees and Charges
When it comes to choosing a credit card, it is important to understand the fees and charges associated with it. This section will help you understand the fees and charges associated with the HSBC Platinum Credit Card in Singapore.
Annual Fee and Waivers
The HSBC Platinum Credit Card comes with an annual fee of $192.60. However, this fee is waived for the first two years. If you are looking to save on this fee, you can consider applying for a supplementary card, which comes with no annual fee.
Interest Rates and Foreign Transaction Fees
The HSBC Platinum Credit Card offers an interest-free period of 20 days from the statement date. However, if you do not pay your balance in full by the due date, you will be charged an interest rate of 25.9% per annum.
If you plan to use your HSBC Platinum Credit Card for overseas transactions, you should be aware that there is a foreign currency transaction fee of 2.8%. This fee is charged on the converted Singapore dollar amount of the transaction.
It is important to note that the interest rate and foreign transaction fee are subject to change. You should check with HSBC for the latest rates and fees.
In conclusion, the HSBC Platinum Credit Card in Singapore offers a range of benefits and rewards. However, it is important to understand the fees and charges associated with the card before applying. By doing so, you can make an informed decision and avoid any unexpected charges.
Eligibility and Application Process
If you are interested in applying for the HSBC Visa Platinum Credit Card, you will need to meet certain eligibility criteria and follow a specific application process. Here is what you need to know:
Income and Employment Criteria
To be eligible for the HSBC Visa Platinum Credit Card, you must meet the minimum income requirements. Currently, the minimum annual income required is $30,000 for Singaporeans and Permanent Residents, and $40,000 for foreigners. If you are self-employed or commission-based, you will need to provide additional documentation to verify your income.
Documentation and Approval Timeline
When applying for the HSBC Visa Platinum Credit Card, you will need to provide certain documentation to support your application. This may include your NRIC or passport, proof of income, and other relevant documents. Once you have submitted your application, the approval timeline can vary depending on your individual circumstances. Some applicants may receive instant approval, while others may need to wait a few days or weeks for a decision.
Overall, the application process for the HSBC Visa Platinum Credit Card is straightforward and easy to navigate. As long as you meet the eligibility criteria and provide the necessary documentation, you should be able to apply with confidence and receive a decision in a timely manner. With its attractive cash rebates and wide range of privileges and discounts, the HSBC Visa Platinum Credit Card is a great choice for anyone looking to maximise their spending power and enjoy a range of exclusive benefits.
Maximising Your Card’s Potential
As an HSBC Platinum Credit Card holder, you have access to a range of benefits and rewards that can help you save money on your everyday spending. Here are some tips to help you maximise the potential of your card:
Leveraging Promotions and Partnerships
HSBC regularly partners with merchants and service providers to offer exclusive discounts and promotions to its cardholders. Keep an eye out for these offers and take advantage of them whenever possible. For example, you can enjoy up to 50% off dining with the Entertainer with HSBC app, which offers buy-one-get-one-free deals at over 1,000 restaurants in Singapore.
If you’re an HSBC Premier customer or have a fixed deposit collateral with the bank, you may be eligible for additional benefits such as higher cashback rates or waived annual fees. Be sure to check with the bank to see what offers are available to you.
Strategic Spending for Maximum Returns
To get the most out of your HSBC Platinum Credit Card, it’s important to be strategic about your spending. For example, you can earn 5% cashback on supermarket spend (both retail and online) and dining (except hotel dining) with your card. This makes it a great option for families who spend a lot on groceries and eating out.
If you frequently use your car, you can also earn 5% cashback on petrol at Caltex and Shell stations. This can add up quickly if you fill up your tank regularly.
Finally, if you’re a new HSBC credit cardholder, you can earn a SGD150 cashback when you apply for an HSBC credit card online and spend at least SGD800 within the first month of approval. This is a great way to kickstart your rewards earning.
By leveraging promotions and partnerships and being strategic about your spending, you can make the most of your HSBC Platinum Credit Card and save money on your everyday expenses.
Frequently Asked Questions
What fabulous perks can one enjoy with the HSBC Platinum credit card in Singapore?
The HSBC Platinum credit card offers a wide range of benefits to its cardholders. You can enjoy up to SGD1,000 worth of cash rebates every year, along with a host of discounts and privileges across dining, leisure, and enrichment. The card also provides exclusive travel benefits, such as travel insurance coverage and discounts on hotel bookings.
Could you enlighten me on the eligibility criteria for obtaining an HSBC Platinum credit card?
To be eligible for an HSBC Platinum credit card, you must be a Singaporean citizen or a permanent resident of Singapore. Additionally, you must be at least 21 years old and have a minimum income of SGD30,000 per annum.
What’s the minimum income requirement to apply for an HSBC Platinum credit card in Singapore?
The minimum income requirement to apply for an HSBC Platinum credit card in Singapore is SGD30,000 per annum. However, if you are a foreigner, you must have a minimum income of SGD40,000 per annum.
Does the HSBC Platinum credit card offer complimentary lounge access to its cardholders?
Yes, the HSBC Platinum credit card offers complimentary lounge access to its cardholders. You can enjoy access to over 1,000 airport lounges worldwide, courtesy of the card’s Priority Pass membership.
How does one avoid the annual fee on an HSBC Platinum credit card?
You can avoid the annual fee on an HSBC Platinum credit card by spending a minimum of SGD12,500 per year on your card. Alternatively, you can also opt for the HSBC Advance banking package, which waives the annual fee for the first year and subsequent years if you meet the eligibility criteria.
Are expatriates in Singapore able to apply for the HSBC Platinum credit card?
Yes, expatriates in Singapore are eligible to apply for the HSBC Platinum credit card. However, they must meet the minimum income requirement of SGD40,000 per annum and provide proof of employment and income.