← Part of HSBC Credit Cards in India
The HSBC RuPay Platinum Credit Card, launched in 2026, offers a lifetime free experience with zero joining and annual fees. IT provides 2 Reward Points for every ₹150 spent, and supports quick UPI payments via popular apps like Google Pay and PhonePe.
This card integrates seamlessly with the HSBC India Mobile Banking app for instant reward point conversion to air miles and hotel loyalty points.
| Parameter | Details |
|---|---|
| Card Network | RuPay (with JCB for international usage in 160+ countries/regions) |
| Joining Fee | Zero (Lifetime Free) |
| Annual Fee | Zero (Lifetime Free) |
| Reward Points Earning | 2 Reward Points per ₹150 spent |
| UPI Compatibility | Linkable with UPI apps (Google Pay, PhonePe, Paytm, HSBC Simply Pay) for direct payments |
| Reward Point Conversion | Instantly convertible to air miles and hotel loyalty points via HSBC India Mobile Banking app |
| Airline & Hotel Partners | 15+ partners including Air India, Air Asia, British Airways, Accor, Marriott International, Shangri-La, Air France |
| Fuel Surcharge Waiver | Annual savings up to ₹3,000 (on transactions between ₹400 and ₹4,000, capped at ₹250/month) |
| International Transaction Fee | 3.5% forex transaction fee applicable on international spends |
| Welcome Cashback Offer | ₹500 cashback on spending ₹5,000 within 30 days of logging into the HSBC India Mobile Banking app |
| Amazon eGift Voucher | ₹250 eGift Voucher on online application, video KYC, and card issuance (Offer valid until October 31, 2026) |
| EazyDiner Membership | 2-month complimentary membership upon card activation |
| Cleartrip Discounts | Up to ₹6,000 off on flights and hotels via Cleartrip |
| Reward Point Exclusions | No reward points on utilities, tax payments, real estate, fuel, insurance, e-wallet loading, and Instant EMI transactions |
| Card Acceptance | Accepted online, in-store, and at ATMs across India wherever RuPay is supported |
The card’s lifetime free status and strong reward program, coupled with seamless UPI integration, make IT a strong contender for everyday spending in India.
Rewards & Benefits of HSBC RuPay Platinum
The HSBC RuPay Platinum Credit Card offers a lifetime free experience with zero joining and annual fees. Cardholders earn 2 Reward Points for every ₹150 spent, redeemable for air miles and hotel loyalty points via the HSBC India Mobile Banking app. The card also provides a fuel surcharge waiver of up to ₹3,000 annually.
| Benefit Category | Details | Value/Rate |
|---|---|---|
| Annual Fees | Zero joining and annual fees | Lifetime Free |
| Welcome Offer (Cashback) | Cashback on spending ₹5,000 within 30 days of logging into HSBC India Mobile Banking app | ₹500 |
| Welcome Offer (Amazon eGift Voucher) | Amazon eGift voucher on online application, video KYC, and card issuance | ₹250 |
| Welcome Offer (EazyDiner Membership) | Complimentary EazyDiner membership on activation of RuPay credit card | 2 months |
| UPI Linking Cashback | Cashback when linking card to UPI and making 2 transactions of ₹250 or more within 30 days of getting the card | ₹250 |
| Reward Points Earning | Reward Points for every ₹150 spent | 2 Reward Points |
| Reward Points Redemption | Convert reward points to air miles and hotel loyalty points with 15+ partners (e.g., Air India, Marriott, Accor, Air France) | Instant conversion via HSBC India Mobile Banking app |
| Fuel Surcharge Waiver | Annual savings on fuel surcharges for transactions between ₹400 and ₹4,000 | Up to ₹3,000 (capped at ₹250/month) |
| Foreign Exchange Mark-up | FX mark-up on international transactions | 3.5% |
| Cleartrip Discounts | Discounts on flights and hotels via Cleartrip | Up to ₹6,000 |
| Airport Lounge Access (Domestic) | Complimentary access to domestic airport lounges | Up to 2 visits per quarter |
| Airport Lounge Access (International) | Complimentary access to international airport lounges | 2 visits per year |
| Reward Points Exclusions | No reward points on categories like utilities, tax payments, fuel, insurance, e-wallet loading, and IEMI transactions | Not applicable |
| Redemption Time (Most Airlines) | Time for air miles/hotel loyalty points redemption | Instantly or within 1 working day |
| Redemption Time (Hainan Airlines) | Time for Hainan Airlines Fortune Wings Club redemption | Within 5 working days |
| Redemption Time (JAL Mileage Bank) | Time for JAL Mileage Bank redemption | Within 10 working days |
| Redemption Time (Air India Maharaja Club) | Time for Air India Maharaja Club redemption | Within 5 working days |
These benefits make the HSBC RuPay Platinum Credit Card a strong contender for everyday spending and travel, particularly with its lifetime free status and extensive reward redemption options.
Fees & Charges for HSBC RuPay Platinum
The HSBC RuPay Platinum Credit Card is a lifetime free offering, carrying zero joining and annual fees as of 2026. While most transactions incur a 3.5% forex fee, a special 0% forex mark-up is available until June 30, 2026, for the HSBC RuPay Cashback Credit Card.
| Metric | Value (₹) | Notes |
|---|---|---|
| Joining Fee | 0 | Lifetime free offering, as of 2026 |
| Annual Fee | 0 | Lifetime free offering, as of 2026 |
| Forex Transaction Fee | 3.5% | Applicable on international transactions for HSBC RuPay Platinum |
| Forex Mark-up Fee (HSBC RuPay Cashback Card) | 0% | Special offer valid until June 30, 2026 |
| Fuel Surcharge Waiver (Annual Savings) | Up to 3,000 | Applies to fuel transactions between ₹400 and ₹4,000; capped at ₹250 per month |
| Electricity Bill Payment Convenience Fee (Paytm) | Up to 3% | On credit card UPI payment mode for electricity bills via Paytm app |
| Interest-Free Period | Up to 48 days | Applicable for HSBC Lifetime Free credit cards |
| Reward Points Exclusions | N/A | No reward points on utilities, tax payments, real estate, fuel, e-wallet loading, etc. |
| Late Payment Charges | Varies by outstanding amount | Refer to the official HSBC schedule of charges for current rates |
| Cash Advance Fee | 2.5% of amount or ₹500 (whichever is higher) | Applicable on cash withdrawals from ATMs |
| Overlimit Fee | ₹500 | Charged if the outstanding balance exceeds the credit limit |
| Card Replacement Fee | ₹100 | For reissuance of a lost or damaged card |
The absence of joining and annual fees makes the HSBC RuPay Platinum Credit Card a cost-effective option for everyday spending and UPI transactions in India.
Eligibility & Application Process
Applying for the HSBC RuPay Platinum Credit Card requires Indian residency as the primary eligibility criterion. The application process is entirely online, followed by a Video KYC (VKYC) for verification.
The card is available to residents in major Indian cities, including Mumbai, Bengaluru, and Chennai, with an offer period running from January 1, 2026, to October 31, 2026.
- Residency Requirement: Applicants must be Indian residents to be eligible for the HSBC RuPay Platinum Credit Card.
- Geographic Availability: The card is offered in key Indian cities such as Mumbai, National Capital Region (NCR), Pune, Bengaluru, Chennai, Kochi, Hyderabad, Noida, Jaipur, Ahmedabad, Gurgaon, Chandigarh, Coimbatore, and Kolkata.
- Application Method: The quickest way to apply is through the HSBC India website, completing the online application form.
- Video KYC (VKYC): Successful online applications proceed to a Video KYC for identity verification, a mandatory step for card issuance.
- Offer Period: The current offer period for new applications runs from January 1, 2026, to October 31, 2026.
- Welcome Benefit: New cardholders can receive ₹500 cashback by downloading and logging into the HSBC India Mobile Banking app and spending ₹5,000 within 30 days of card issuance.
- UPI Linking Benefit: An additional ₹250 cashback is available when linking the card to a UPI app and making two transactions of ₹250 or more within 30 days.
- Amazon eGift Voucher: Eligible applicants receive an Amazon eGift Voucher (WinPin code) via email by December 15, 2026, within 45 days of the offer period’s end.
The digital application and VKYC process streamline card acquisition, making IT convenient for eligible Indian residents.
HSBC RuPay Platinum Vs. Visa Platinum
The HSBC RuPay Platinum Credit Card offers UPI payment integration and a lifetime free status, making IT suitable for everyday Indian transactions. In contrast, the HSBC Visa Platinum Credit Card provides 2,000 welcome reward points and a broader international acceptance network through Visa.
| Feature | HSBC RuPay Platinum Credit Card | HSBC Visa Platinum Credit Card |
|---|---|---|
| Card Network | RuPay (with JCB for international usage) | Visa |
| Joining Fee | Zero | Zero |
| Annual Fee | Zero | Zero |
| Reward Points Earning | 2 Reward Points per ₹150 spent | 2 Reward Points per ₹150 spent on retail transactions |
| UPI Transactions | Yes, can be linked to UPI apps (Google Pay, PhonePe, Paytm, HSBC Simply Pay) | Not explicitly mentioned for UPI linkage |
| Forex Transaction Fee | 3.5% (0% until June 30, 2026, for RuPay Cashback variant) | Standard Visa forex fee (typically 3.5%) |
| Milestone Benefits | Lacks milestone benefits | Accelerated 5X Reward Points on milestone spends (removed effective August 31, 2025) |
| Welcome Benefits | ₹500 cashback on ₹5,000 spend within 30 days via HSBC India Mobile Banking app | 2,000 reward points on ₹5,000 spend within 30 days via HSBC India Mobile Banking app |
| Reward Points Redemption | Transferable to 15+ airline and hotel partners (e.g., Air India, Marriott, Accor) | Convert points into air miles with Air India, Etihad Airways, British Airways, Singapore Airlines |
| International Acceptance | Accepted in over 160 countries/regions via JCB network | Globally accepted wherever Visa cards are supported |
| Fuel Surcharge Waiver | Annual savings up to ₹3,000 (transactions ₹400-₹4,000, capped ₹250/month) | Fuel surcharge waiver available |
| Airport Lounge Access | Up to 2 complimentary domestic visits per quarter; 2 international visits per year | Not specified for this card variant |
The RuPay Platinum card’s key advantage lies in its seamless UPI integration, while the Visa Platinum card historically offered milestone benefits, though these were discontinued in late 2025.
UPI Integration & Cashback Offers
The HSBC RuPay Platinum Credit Card offers seamless UPI payment integration, allowing users to link their card to popular UPI apps like Google Pay and PhonePe. This feature enables quick and convenient transactions directly from the credit card. As of 2026, the card also provides specific cashback and welcome offers related to UPI usage and mobile banking app engagement.
- UPI Linking Capability: The HSBC RuPay Platinum Credit Card can be linked to major UPI applications such as Google Pay, PhonePe, Paytm, and HSBC Simply Pay for direct payments. This allows for quick and convenient transactions across India.
- Welcome Cashback for App Usage: New cardholders can receive ₹500 cashback by downloading and logging into the HSBC India Mobile Banking app and spending ₹5,000 within 30 days of card issuance.
- UPI Transaction Cashback: An additional ₹250 cashback is available when the card is linked to UPI and two transactions of ₹250 or more are made within 30 days of receiving the card.
- No Reward Points on Specific Categories: Reward points are not applicable on certain transaction types, including utilities, tax payments, fuel, insurance, e-wallet loading, and Instant Equated Monthly Installment (IEMI) transactions.
- Reward Point Earning Rate: The card earns 2 Reward Points for every ₹150 spent on eligible transactions, which can be converted to air miles or hotel loyalty points.
- Instant Reward Point Conversion: Reward points can be instantly converted to air miles and hotel loyalty points directly through the HSBC India Mobile Banking app.
- Forex Mark-up Fee: While the HSBC RuPay Platinum Credit Card generally has a 3.5% forex transaction fee, specific offers may provide a 0% FX mark-up on transactions until June 30, 2026.
These features the card’s utility for everyday spending and digital payments, offering tangible benefits for active users in India.
Redeeming Reward Points
The HSBC RuPay Platinum Credit Card allows cardholders to convert reward points into air miles and hotel loyalty points directly via the HSBC India Mobile Banking app. This feature provides flexibility for travel and hospitality benefits, unlike some entry-level RuPay cards.
Reward points are generally credited at a rate of 2 points per ₹150 spent on eligible transactions.
- Conversion Process: Cardholders can instantly convert their accumulated reward points to air miles or hotel loyalty points using the HSBC India Mobile Banking app.
- Airline & Hotel Partners: The card supports redemption with over 15 airline and hotel partners, including Air India, Air Asia, British Airways, Accor, Marriott International, and Shangri-La.
- Redemption Timelines: For most airline partners, point redemption is processed instantly or within one working day. Specific partners like Hainan Airlines Fortune Wings Club may take up to 5 working days, and JAL Mileage Bank up to 10 working days.
- Excluded Categories: Reward points are not earned on certain transaction categories. These include utilities, tax payments, real estate, fuel, insurance, e-wallet loading, and Instant Equated Monthly Installment (IEMI) transactions.
- Point Value: Redemption ratios can vary; for instance, 1 reward point can equal 2 miles for Air Asia bookings, while other partners offer up to a 2:1 ratio.
Understanding these redemption options helps cardholders maximize the value of their spending on the HSBC RuPay Platinum Credit Card.
Important Terms & Conditions
The HSBC RuPay Platinum Credit Card is a lifetime free offering, featuring zero joining and annual charges as of 2026. This card allows quick, convenient, and rewarding UPI payments across India, linking with apps like Google Pay, PhonePe, and Paytm.
Cardholders can earn 2 Reward Points for every ₹150 spent, which convert instantly to air miles and hotel loyalty points via the HSBC India Mobile Banking app. While international transactions are permitted in over 160 countries through the JCB network, a 3.5% forex transaction fee applies, unlike the HSBC RuPay Cashback Credit Card’s 0% FX mark-up offer valid until June 30, 2026.
Reward points are not applicable on certain categories, including utilities, tax payments, fuel, and Instant Equated Monthly Installment (IEMI) transactions. Redemption for most airline and hotel partners, such as Air India and Marriott, is instant or within one working day, though some partners like JAL Mileage Bank may take up to 10 working days.
Key Takeaways
- The HSBC RuPay Platinum Credit Card is lifetime free, with no joining or annual fees as of 2026.
- IT supports UPI payments and offers 2 Reward Points per ₹150 spent, convertible to 15+ airline and hotel loyalty programs.
- A 3.5% forex transaction fee applies to international usage, and reward points are excluded from specific categories like fuel and utility payments.
Check eligibility and apply for the HSBC RuPay Platinum Credit Card on the official HSBC India website before October 31, 2026, to avail welcome offers.
Frequently Asked Questions (FAQs)
What are the key benefits of the HSBC RuPay Platinum Credit Card?
The HSBC RuPay Platinum Credit Card offers 2 Reward Points for every ₹150 spent and allows instant conversion of points to air miles and hotel loyalty programs. IT also provides UPI payment functionality and comes with zero joining and annual fees, making IT a lifetime free card.
Can I use the HSBC RuPay Platinum Credit Card for UPI payments?
Yes, the HSBC RuPay Platinum Credit Card supports UPI payments, allowing quick and convenient transactions directly from your credit card. You can link your card to a UPI app and make payments at merchants accepting UPI. HSBC offers ₹250 cashback for linking the card to UPI and making two transactions of ₹250 or more within 30 days (offer valid until October 31, 2026).
What are the welcome offers for the HSBC RuPay Platinum Credit Card in 2026?
As of 2026, new cardholders can get ₹500 cashback by downloading and logging into the HSBC India Mobile Banking app and spending ₹5,000 within 30 days of card issuance. This offer is valid for online applications with successful Video KYC until October 31, 2026.
Does the HSBC RuPay Platinum Credit Card have an annual fee?
No, the HSBC RuPay Platinum Credit Card is a lifetime free offering, meaning IT has zero joining fees and zero annual charges. This makes IT an attractive option for users seeking a credit card without recurring costs.
What are the reward point benefits of the HSBC RuPay Platinum Credit Card?
The card earns 2 Reward Points for every ₹150 spent. These points can be instantly converted to air miles and hotel loyalty points with over 15 partners, including Air India, Marriott International, and Accor, directly through the HSBC India Mobile Banking app.
Is the HSBC RuPay Platinum Credit Card suitable for international transactions?
Yes, you can use the HSBC RuPay Platinum Credit Card for international transactions. However, a forex transaction fee of 3.5% is applicable on such spends. An introductory offer provides 0% FX mark-up on transactions until June 30, 2026, for the HSBC RuPay Cashback Card, which may also apply to the Platinum variant; verify with HSBC.
How does the HSBC RuPay Platinum Credit Card compare to the HSBC Visa Platinum Credit Card?
The HSBC RuPay Platinum Credit Card is similar to the HSBC Visa Platinum Credit Card in earning 2 Reward Points per ₹150 spent and offering transfers to airline/hotel programs. However, the RuPay variant specifically enables UPI transactions and, unlike the Visa version, does not include milestone benefits.
Disclaimer: This article is general information, not financial advice. Interest rates, fees, and eligibility change frequently. Verify current details with the lender or regulator (RBI / SEBI / IRDAI) before deciding.