HSBC Platinum Credit Card
Tap to earn 8x reward points on contactless spending, or 5x points on groceries, overseas purchases, and online shopping platforms.
Eligibility
Minimum Monthly Income
RM 8,500 (RM 102,000 annually)
Min. Age
Cardholder: 21 years old
Supplementary Cardholder: 18 years old
Resident Status
Anybody
Documents required to apply
You will need to provide several documents such as (varies between different banks):
- A copy of your IC (both sides)
- Latest BE Form with official tax receipt
- Latest 3 months salary slip/commission statement
- Latest 3 months bank statement
- Latest EPF statement
Fees & Charges
Interest Rate
15% - 18%
Annual Fee
RM 0
Free*
Annual Fee Waiver
Yes
Free for first year, and waived in the subsequent years when you meet annual spending of RM6,000 (effective 1st September 2025)
Late Payment Fee
RM 50 or 5% of the outstanding amount, whichever is higher
Interest Rate
15%
Features
Tap and go for your everyday purchases via Mastercard Tap & Go, Visa payWave, Samsung Pay, Apple Pay, or Google Pay, and earn 8x reward points. Spend online on Lazada, Shopee, Zalora, Grab, and Fave, or on groceries and overseas purchases, and you'll earn 5x points instead. Redeem your points for Shopee and Grab vouchers, plus other gifts via the HSBC Rewards Programme.
Get more out of shopping, dining, and entertainment abroad with HSBC's Home & Away programme — enjoy special discounts wherever you swipe your HSBC Platinum credit card.
Want that big-ticket item without the financial hit? Convert your purchase into zero-interest instalments for up to 36 months at participating merchants.
Managing existing credit card debt? Transfer your balance to HSBC at a low one-time upfront fee of 3.88% and pay it off over 12 months.
This card supports Apple Pay, Samsung Pay, and Google Pay. Enjoy extra savings and exclusive discounts every month at 6,500+ participating outlets nationwide with your HSBC Platinum credit card.
Benefits
Free 24-hour loss reporting line
If you lost your credit card, don't hesitate to reach out to HSBC available for you 24/7
SecurePay
Secure transactions when making online purchases with a One-Time-Password (OTP) sent via SMS
Pin and Pay
For improved financial security and to prevent credit card fraud, a 6-digit Personal Identification Number (PIN) will be used for all credit card payments at point-of-sale terminals in Malaysia. Additionally, new credit cards have the contactless Paywave feature, which allows a fast, easy and convenient way to pay.
Email statements
Timely delivery of statements securely and privately so enjoy no lost or misplaced statements. Join HSBC's Go Green Initiative - advocating a paperless environment, and reducing global carbon footprint.
Cash Advance
Flexibility for emergency use or when a credit card payment is not acceptable. No documents are required and enjoy 24-hour instant cash withdrawal from any ATMs worldwide.
Balance Transfer
Consolidate your other credit card outstanding balances and enjoy a low 3.88% one-time upfront handling fee for 12 months.
Cash Instalment Plan
Convert available credit limit into cash and enjoy interests as low as 3.88% p.a. and 4.88% p.a. for new-to-card and existing-to-card customers respectively, for up to 12 months of repayment period.
Terms and Conditions
Product review by CompareHero
Earn reward points on selected categories
Looking for a credit card that gives reward points on every purchase you make? Look no further than the HSBC Platinum Credit Card.
It’s simple to earn reward points with this card because with every RM1 contactless spend you make such as via Visa PayWave or Apple Pay, you earn 8x reward points.
Online shopping on Zalora, Lazada, Shopee, Grab and Fave, including grocery shopping and overseas shopping earns you 5x reward points for every RM1 spent too.
What’s great about earning and collecting reward points is to redeem them with gifts or cash vouchers (Shopee vouchers, Grab vouchers, etc.) and you can do so with the HSBC Rewards Programme!
Not to mention, having this credit card at the ready in your wallet means you’re one swipe away from an abundance of deals and offers at more than 6,500 shopping outlets via the HSBC Smart Privilege Programme.
HSBC credit features
As an HSBC Platinum Credit Card holder, you are also entitled to enjoy a few credit features such as the HSBC Card Instalment Plan, HSBC Cash Instalment Plan, and HSBC Balance Transfer Instalment, etc.
HSBC Card Instalment Plan
Have your eyes on that brand-new LED TV? Or fancy upgrading to a new sofa? With this instalment plan, you can stretch the payment for up to 36 months at 0% interest.
HSBC Cash Instalment Plan
In need of emergency cash? You have the flexibility to borrow and withdraw for up to 60% of your credit limit with 3.88% p.a. interest (for new-to-card customers) and 4.88% p.a. interest (for existing-to-card customers) for 12 months with this plan.
HSBC Balance Transfer Instalment
If you have multiple credit cards with outstanding balances from other banks, you can transfer them to this plan via a new HSBC credit card and enjoy a low one-time upfront handling fee of 3.88% for 12 months.
What are the eligibility criteria to apply?
Anyone aged 21 years and over is eligible to apply as the principal cardholder. You also must earn a minimum annual income of RM102,000 to apply for the HSBC Platinum Credit Card.
Frequently Asked Questions (FAQ)
Are there any additional fees for HSBC Platinum Credit Card?
What are the main benefits of HSBC Platinum Credit Card
• 5X reward points on overseas, grocery and online (Zalora, Shopee, Lazada, Grab and Fave) spending
• Discounts at participating shopping outlets nationwide
• Donate to any charity causes and HSBC will make a 1% contribution to their supported charities