HSBC RuPay Platinum Credit Card Review
Author And Publisher: Gyro 3.oHSBC RuPay Platinum Credit Card
Financial Expert Advice
Choose Your First (or Next) Credit Card Wisely
Maintain Two Credit Cards: One For Routine Expenses And Auto-Debits, And Another Reserved For Emergencies. Avoid Pursuing Rewards; Prioritize Financial Stability And Discipline.
HSBC RuPay Platinum Credit Card Review:
Zero-Cost Domestic Card with UPI Integration,
₹750 Welcome Benefits, Fuel Waiver
& Instant Air Miles Redemption
introduction
HSBC RuPay Platinum Credit Card is a no-fee card built for everyday Indian spenders and UPI users. It offers ₹750+ welcome perks (₹500 app login cashback, ₹250 Amazon voucher, 2-month EazyDiner), 2 reward points per ₹150, 1:1 air miles conversion, ₹3,000 annual fuel waiver, UPI payments via SimplyPay/partner apps, JCB global acceptance (160+ countries), and lifestyle offers like 10% off on Swiggy Instamart and Tira, 5% Paytm bill discounts, and up to ₹6,000 Cleartrip savings.
key features and benefits
Lifetime free
no annual & joining fee.
Welcome Benefits
- Get INR 500 cashback when you download and log on to the HSBC India Mobile Banking app and spend INR 5,000 within the first 30 days of getting your card.
- Get an INR 250 Amazon eGift Voucher when you apply online, verify yourself by video and receive your card.
- Plus, enjoy a 2-month EazyDiner membership when you activate your RuPay credit card.
Reward Structure
- Earn 2 Reward points for every INR 150 you spend with your card.
- Instantly convert your reward points to air miles and hotel loyalty points in the HSBC India Mobile Banking app.
additional Perks
- Save on grocery deliveries with Swiggy Instamart; Enjoy 10% off on orders of INR500 and above (max discount INR200), using coupon code HSBCRUPAY.
- Get discounted makeup, skincare and more at Tira; Save 10% on orders of INR2,499 or more every Wednesday (max discount INR1,000).
- Enjoy money off your bills with Paytm: Use promo code HSBCRUPAY to get 5% off transactions of INR299 or more on mobile (prepaid and postpaid), broadband, DTH, water bills, gas cylinders, piped gas bills, FASTag and electricity bills (max discount INR150).
- Cleartrip; Get discounts up to INR6,000 on flights and hotels via Cleartrip. Use coupon code HSBCRPCC for full swipe transactions and HSBCRPEMI for EMI transactions.
UPI access
- Make hassle-free payments anytime, anywhere with HSBC SimplyPay and other UPI apps.
- Make payments using a QR code, mobile number, virtual payment address or account number with IFSC code.
- Earn reward points on credit card-linked UPI payments.
Card Essential
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Type:- Rewards
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Welcome Benefits:- cashback, voucher, membership
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Joining Fee :- LTF
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Annual Fee:- LTF
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Reward Structure:- Rewards on SPENDS
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Renewal Benefit:- N/A
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Interest Rate:- 3.75% per month (i.e., 45% per annum)
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Forex Mark-up:- 3.5% + GST
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Cash Advance Charges:- 2.5% of withdrawal amount, minimum of ₹500
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Over Limit Charges:- 2.5% of overlimit amount, minimum of ₹500
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Wallet Transactions Charges:- ----
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Rental Transactions Charges :- 1% + GST
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Utility Transactions Charges:- ----
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Education Fee Payment Charges:- ----
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Railway Ticket Purchase Fee:- ----
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Fuel Surcharge Waiver:- 1%
Rewards and Benefits Analysis
Best for: UPI users, bill payers, everyday domestic spenders, fuel commuters.
Real Value (Annual ₹10 Lakh Spend – Urban Professional): ₹21,200+ total value (Standard ₹13,300 + Welcome ₹750 + Fuel ₹3,000 + Swiggy ₹500 + Paytm ₹150 + Cleartrip ₹3,000 + EazyDiner ₹500).
- Extra Perks: Zero fees, UPI integration, fuel waiver, bill discounts, Swiggy/Paytm savings.
Practical Considerations
Fees & Charges Summary:
Zero joining and annual fees.
Eligibility:
Age: 18-65 years.
Income: ₹600,000+ annual minimum (salaried/self-employed).
Residency: Indian resident.
Geography: 13 metro cities (Mumbai, Delhi NCR, Bangalore, Pune, Hyderabad, Chennai, Kolkata, Kochi, Coimbatore, Jaipur, Chandigarh, Ahmedabad, Gurgaon, Noida).
Redemption Options
Instant Conversion App (Unique Feature):
- Redeem points directly to air miles 1-to-1 in HSBC mobile app (Air India, Etihad, JCB partners).
Best Value Strategy:
Consolidate UPI spending via HSBC SimplyPay or third-party apps.
Maximize fuel surcharge waiver on ₹400-₹4,000 monthly spends.
Use 10% Swiggy Instamart on grocery/food orders ₹500+.
Book travel via Cleartrip (codes: HSBCRPCC/HSBCRPEMI) for up to ₹6K savings.
Redeem air miles instantly in app (flexible, no blackouts).
Ideal User Profile
UPI and digital payment enthusiasts.
Bill payers (mobile, broadband, utilities).
Everyday spenders in metro cities earning ₹600K+.
Domestic travellers seeking value.
Final Thoughts
Strengths:
Zero joining and annual fees (exceptional accessibility).
₹750 welcome benefits (₹500 cashback + ₹250 voucher + EazyDiner).
RuPay UPI integration (HSBC SimplyPay + third-party apps).
Instant air miles conversion in app (no blackout periods).
₹3,000 annual fuel surcharge waiver (₹250/month cap).
Limitations:
Base earning 2 RP per ₹150 modest.
2-month EazyDiner limited (becomes paid after).
No explicit lounge access.
Discount caps modest (₹200 Swiggy, ₹150 Paytm).
3.5% forex standard (not best-in-market).
Geographic restriction (13 metros only).
This review offers a clear and balanced overview of The HSBC RuPay Platinum Credit Card’s strengths and limitations, helping readers make an informed choice about whether this card fits their
Spending Habits And Financial Goals.
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