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Jun 21, 2024 · 5% cash rebate 1 on family expenses. Spend in eligible categories (dining, groceries and fuel) to earn cash rebate. Why bank with us? Trusted locally and globally. With more than 150 years of financial experience behind us, we've been a trusted name for generations.
- HSBC Visa Infinite
Charge the full cost of your air ticket to your HSBC Visa...
- Premier MasterCard
Make HSBC Premier Mastercard® Credit Card your best...
- Credit Cards
We no longer offer the HSBC Visa Platinum Credit Card, with...
- HSBC Visa Infinite
We no longer offer the HSBC Visa Platinum Credit Card, with effect from 21 June 2024. 5% cash rebates on dining, groceries and fuel 1× Reward point per dollar spent
Annual fee. What's next? Please read the full product information before you apply. Select cards to compare. You can choose up to 4. Revolution Credit Card. Give life an extra spark with 10X Reward points. That's equivalent to 4 miles or 2.5% cashback for every dollar you spend. All for no annual credit card fee! Advance Credit Card.
The HSBC Visa Platinum card offers the highest cashback for dining and groceries (5%), but has the highest annual fee and income requirement, while the Citi Cash Back + card is more versatile with 1.6% cashback on all spending, but requires a minimum monthly spend for bonus categories.
- HSBC
- Eligibility Requirements
- Fees and Charges
- Cashback, Discounts, and Other Benefits
- Downsides of The HSBC Visa Platinum Card
- Who Would Benefit from This Card?
You can apply via Singpass MyInfo on the HSBC website if you’re a Singaporean or PR, or request a callback by leaving your details in the online contact form.
Free Supplementary Cards for Life – Plus Cashback
In this regard, you can tell that HSBC did their best to appeal to the whole family. Not only are supplementary cards free, but you’ll also get up to S$150 cashback (S$30 per card, max five cards) when you apply for cards for every member of the family. You’ll have to make one qualifying transaction on each card to be eligible for cashback.
Annual Fee Waivers
This card offers a two-year annual fee waiver, which is more than the market average. From the third year onwards, simply charge S$12,500 to the card (or about $1,041.67 monthly) for an automatic fee waiver for that year.
Entertainer Deals
You may have heard of ENTERTAINER, the mobile app known for its wide range of 1-for-1 deals spanning Singapore, Malaysia, Hong Kong, UAE, and the UK. While the usual Entertainer requires a paid subscription, HSBC offers a free but limited version of it to its cardmembers. You’ll find deals like: 1. 25% off your total bill at over 20 merchants per month 2. 1-for-1 takeaway offers at 50 restaurants, such as Hard Rock Cafe Singapore and Shin Minori Japanese 3. 1-for-1 stays at hotels worldwide 4...
Good Cashback with a Lower Minimum Spend
The HSBC Visa Platinum’s 5% cashback is decent – until you compare it to other family-oriented cards like the Maybank Family & Friends Card and the BOC Family Card. Not only do the other cards have 3 – 5% higher cashback, but they also grant a base rate of 0.2 – 0.3% for non-eligible categories. Plus, they all have a higher cashback cap than the HSBC Visa Platinum (though with a cashback cap per category as well). With the other cards, there’s also no annoying requirement to meet the minimum...
Excellent Range of Promotions
Cashback aside, HSBC offers many discounts and promotions designed for families. These cover everything from dining and travel to everyday expenses such as Grab, Foodpanda, and Redmart. When searching for promotions on the HSBC website, it may be confusing at first glance because there are so many tabs. To break it down, there are: 1. WOW Weekend Deals– New limited-time deals launched every week 2. ENTERTAINER with HSBC– HSBC’s mobile app that features 1-on-1 dining, lifestyle, and hotel deal...
1. Quarter-Long Minimum Spend
A minimum monthly spend may be the norm, but having to maintain it for three consecutive months feels restrictive. If this sounds daunting, you might be better off with other cards.
2. No Cashback for Foreign Transactions
Even though foreign transactions count towards your minimum monthly spend (and earn reward points!), they don’t qualify for 5% cashback. That makes this card rather limited. For all three of the eligible categories, there are cards offering better rebates. The only redeeming trait is that there’s no cashback cap per category here.
3. No Travel Privileges
This ‘family-friendly’ card doesn’t cover family vacations. There are no complimentary travel privileges like airport lounge access, airport transfers, or free hotel stays.
Families who incur substantial fuel expenses every month at Caltex and ShellThose who can consistently spend at least S$600 monthly (ideally S$1,100) on three main categories locally: dining, fuel, and groceriesThose who need a backup for the occasions they spend past cashback caps with other cards- 21
Card benefits. Get up to SGD1,000 worth of cash rebate yearly. Plus make family time sweeter with wide selection of privileges varying from dining, leisure and retail. 5% rebate on groceries. Save on your daily expenses at all local grocery stores and supermarkets (including online supermarkets!) 5% rebate on dining.
The HSBC Visa Platinum Credit Card is a rebate card that rewards you for spending on your family. Cardholders will enjoy 5% cash rebate on family expenses, which include dining, groceries and fuel. You'll also enjoy 1 Reward point for every dollar that you spend on this card.
