HSBC Visa Platinum Credit Card

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Key Features

5%
Cash Back on Dining, Groceries, Petrol
^S$250
Cash Rebate Cap per quarter
^S$600
Min. spend monthly in a calendar quarter

Promotion

Grocery

To earn a 5% cash rebate on all grocery spend, you must meet the minimum spend of S$600 per month for all three months in a calendar quarter.
S$250 cash rebate cap per calendar quarter.

Petrol

Up to 17% instant discount plus 5% cash rebate at Caltex and Shell stations.

Cash Back

5% cash rebate on dining, groceries and petrol with min. S$600 spend/month for all 3 months in a calendar quarter
S$250 cash rebate cap per calendar quarter

Rewards

5% cash rebate on dining, groceries and petrol with min. S$600 spend/month for all 3 months in a calendar quarter
S$250 cash rebate cap per calendar quarter
1X Reward Point for every S$1 spent

Dining

5% cash rebate on dining with min. S$600 spend/month for all 3 months in a calendar quarter
S$250 cap per account per quarter
$1 = 1 Rewards point

Other Features

Get a 5% cash rebate on local dining and groceries, including food deliveries and online groceries.
Enjoy up to 17% instant discount and a 5% cash rebate at Caltex and Shell stations.
Earn 1X Reward point for every dollar spent.
Access over 1,000 1-for-1 deals on dining, lifestyle, and travel worldwide with the complimentary ENTERTAINER with HSBC app.
Earn a 5% cash rebate by meeting a minimum spending of S$600 monthly in a calendar quarter.
The cash rebate is capped at S$250 per calendar quarter.
New Cardholders Exclusive: Unlock a one-time exclusive 5% cash rebate by spending SGD1,000 in the quarter you have applied for and received your approved card.

Eligibility

Singaporean/PR Minimum Income

S$30,000

Non-Singaporean Minimum Income

S$40,000

Fees and Charges

Annual Principal Fee: S$194.80
Supplementary Annual Fee: S$0
Fee Waiver: Available
Interest Free Period: 20 days
Annual Interest Rate: 25.90%
Late Payment Fees: S$55
Minimum Monthly Repayment: 3% or S$50, whichever is higher
Foreign Currency Transaction Fee: 2.80%
Foreign Check Fee: N/A
Cash Advance Transaction Fee: 6% or $15, whichever is higher
Overlimit Fee: S$40

Review

By LOANPANDA

The HSBC Visa Platinum Credit Card offers generous cash rebates of 5% on dining, groceries, and petrol, with a cap of S$250 per calendar quarter. Cardholders can also earn 1X Reward Point for every dollar spent and enjoy a range of other perks, including up to 17% instant discount at Caltex and Shell stations, access to over 1,000 1-for-1 deals worldwide with the ENTERTAINER with HSBC app, and fee waivers.

However, the card comes with a relatively high annual interest rate of 25.90% and a minimum income requirement of S$30,000 for Singaporean/PR and S$40,000 for non-Singaporean applicants.

FAQ

A credit card is a convenient tool for people to pay for purchases today, offering many perks and rewards that can add up to more savings for the cardholders.

While there are so many types of credit cards offering different features, you may wonder: How best to choose one that suits you?

Here’s a short guide LOANPANDA has compiled to help you understand the credit card requirements, interest rates and basic payment terms.