Credit Card Reviews

HSBC Advance Platinum Card Adds Value After Demonetization⎜Review

HSBC Platinum Advance Card Review

Review Of The HSBC Advance Visa Platinum Card

After the demonetization of currency in India, many banks are targeting the salaried people and businessmen to approach for credit cards, offering with many benefits as the amount of liquid cash diminished in the economy. Hong Kong and Shanghai Banking Corporation, HSBC is one among those banks offering advance visa platinum card with added benefits.

You can get localized offers and interesting discounts on things that interest you, making the card customizable. Let us peek into the details to know more about HSBC advance visa platinum card.

 

Welcome Offer

Sign up for HSBC’s revolution credit card to get 2 years annual fee waiver. It is one of the rare cards that give you freedom to use your cards without fees. You also get 500 points on uploading your contact details.

You also earn 10% cash back when your expenses cross Rs 10,000 in the initial 90 days. You can get cash rewards up to Rs 3,000. For stuff bought from online portals and online transactions, you get 3x points for every Rs 150 spent.

Never Ending Annual Fee Waiver

As long as your account stands good, the annual fee is waived perpetually. You can use your card annually without paying annual fee until you cross your credit limit. Paying no annual fee can save you a lot in the long run. Any add-on card is also not charged any fees!

Rewards

For every Rs 15 spent on the card, you will get 2 reward points. The points expire after 3 years and can be accumulated by purchasing many types of items. You can get goodies from Marriot, BookMyShow, Wills Lifestyle and Vodafone by redeeming the points. Your points become 5x the normal ones when your first year spend on the card is Rs 4 lakh to 1 crore. Additionally, you get 20% discount on food bills from partner restaurants all over India. Spending Rs 5,000 in a year gives you free movie ticket worth Rs 500. You can get free ticket vouchers up to Rs 3,000 in a year.

Save on Petrol

You can get an instant waiver of fuel surcharge if you pay for your fuel bill through your HSBC Advance visa platinum card. The incentive is valid of spending of Rs 400 to Rs 4,000.

Balance transfer

You can transfer your balance from another card to this card with a low-interest rate and pay in monthly installments. You are required to source a balance of Rs 3,000 or more to avail this feature.

Installment plan in EMI

The cost of expensive purchases can be divided into installments and paid back in EMIs. The minimum spend amount is Rs 2,000 to use this benefit. You need to hold an HSBC Advance account and maintain a good financial relationship with the bank to get this card for free. You can be eligible for the card if you have a salary account or a mortgage or quarterly balance of Rs 3 lakhs.

Jay Kaul

About Jay Kaul

Jay is a financial and credit expert and freelance contributor to CreditSmart. He’s always keeping his eyes open for the latest credit card trends in India and provides a sharp insight on new entries into the market.

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