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HSBC Platinum Mastercard Credit Card
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HSBC Platinum Mastercard Credit Card
RM 3,000
Minimum monthly income
RM 240
Annual fee
15%
Interest rate p.a
6.96%
Balance transfer rate (fixed)
Special Offers
Get a chance to have your very own Nintendo Switch OLED worth 1,599 or RM1,000 CASH via Duitnow when you apply, activate and spend using your HSBC Credit Card via CompareHero today.
Product details
Product details
Benefits
Auto Balance Conversion
Automatically converts outstanding statement balances into a 36 months instalment plan
Lower management fee at 13% p.a.
No processing fee
No early termination
Cash Advance
Flexibility for emergencies use or when credit card-i payment is not acceptable
No documents required
24 hours Instant cash withdrawal from any ATMs worldwide
Balance Transfer
Consolidate credit card outstanding balances
Enjoy 3% upfront management fee with 0% fee for the next 5 months
Flexibility of making a minimum monthly payment on total outstanding balance
Cash Instalment Plan
Convert available credit limit into cash
Low management fees at 8.88% flat p.a.
Monthly payment up to 60 months
Hassle free with easy application process
Example of immediate needs: education, healthcare, vacation, wedding, renovation & furnishing
SecurePay
Secure transaction when making online purchases
Securepay One Time Password will be sent via sms for each online purchase.
Pin and Pay
For improved financial security and prevent credit card fraud
6-digit Personal Identification Number (PIN) will be use for all credit card payments at point of sale terminals in Malaysia.
New credit cards have the contactless Paywave feature, allows fast, easy and convenient way to pay
Safe purchase with just a tap for everyday purchases
Email statements
Timely delivery of statement in a secure and private manner
No lost or misplaced statements
No more physical filing
HSBC Go Green Initiative - advocating paperless environment, reducing global carbon footprint
Balance Conversion
Automatically converts outstanding statement balances into a 36 months instalment plan
Lower management fee at 13% p.a.
Instant Approval
No processing fee
No early termination
Features
Good for Rewards/Offers
8X Reward Points on Contactless spend
5X Reward Points on Online, Groceries & Overseas spend
1% contribution on Charity spend
Made from 100% recycled plastic
Eligibility
| Minimum monthly income | RM 3,000 |
| Minimum age: | |
| Cardholder | 21 |
| Supplementary Cardholder | 18 |
Fees & Charges
| Annual fee | RM 240 | Waived with minimum 1x swipe once a month for 12 consecutive months and annual spending of RM2,000 |
| Annual fee waiver | Yes | |
| Late payment fee | RM 10/1% | A minimum of RM10 or 1% of the outstanding balance, whichever is higher up to a maximum of RM100. |
| Interest rate | 15% | Cardmembers who promptly settle their min payment due for 12 consecutive months. |
| Balance transfer rate (fixed) | 6.96% | 12 months Balance Transfer period |
| Annual fee | RM 240 Waived with minimum 1x swipe once a month for 12 consecutive months and annual spending of RM2,000 |
| Annual fee waiver | Yes |
| Late payment fee | RM 10/1% A minimum of RM10 or 1% of the outstanding balance, whichever is higher up to a maximum of RM100. |
| Interest rate | 15% Cardmembers who promptly settle their min payment due for 12 consecutive months. |
| Balance transfer rate (fixed) | 6.96% 12 months Balance Transfer period |
Document required to apply
You will need to provide several documents such as (varies between different banks):
Salaried Employees (Malaysian):
Multinational / Public listed Companies/Government/Semi Government office
- Photocopy of MyKad (both sides)
- Recent utility bill if the address on MyKad is different from your residential address
- Latest month salary slip or letter of confirmation from employer if employed less than 3 months OR
- Latest income tax return (Form BE with tax receipt) or Form EA or EPF statement
Other Companies
- Photocopy of MyKad (both sides)
- Recent utility bill if the address on MyKad is different from your residential address
- Latest month salary slip OR bank statement showing latest 3 months salary credit AND
- Latest income tax return (Form BE with tax receipt) or Form EA or EPF statement
Self Employed (Malaysian):
- Photocopy of MyKad (both sides)
- Recent utility bill if the address on MyKad is different from your residential address
- Photocopy of Business Registration Form (established minimum 2 years)
- Latest income tax return (Form B with payment receipts or CPO2 attached or EPF statement ) OR
- Latest 6 months bank statements
Expatriate:
- Copy of passport showing personal details and work permit (must be valid for at least one year)
- Latest month salary slip
- Letter of confirmation from employer stating position, remuneration and duration of employment
- Minimum RM10K per month AND working for Multinational/Public listed companies/government/semi-government/HSBC corporate lending employers only
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Product review by 
Hate carrying cash around whenever you're out and about? Contactless payment is not only convenient, but you also get to receive reward points with just a quick swipe of your card!
Earn up to 8X reward points with your HSBC Platinum Credit Card
If you love shopping, eating out at restaurants, indulging in entertainment activities, then you’ll love the HSBC Platinum Mastercard! Find joy in the endless HSBC reward points from your guilty pleasures.
Categories | Reward Points Earned |
Contactless Purchases (Dining, Shopping, Entertainment) | Each RM1 spent on local purchases and transactions (Samsung Pay, Visapay or Mastercard Tap&GoTM) will earn you 8X Reward Points |
Online Shopping | Each RM1 spent on selected online merchants will earn you 5X Reward Points |
Groceries | Each RM1 spent will earn you 5x Reward Points |
Overseas Spend | Each RM1 spent will earn you 5x Reward Points |
Note: There are no reward points awarded for utility and insurance payments.
Pamper yourself with exclusive gifts, vouchers and more
The best part of earning these reward points? You can convert them into cash vouchers or gifts from participating merchants like Grab, Lazada and Zalora.
When you own the HSBC Platinum Credit Card, automatically you will be entitled to the various savings and deals offered at hotels, restaurants, retail outlets and many more.
Worldwide discounts and offers
With HSBC’s Home & Away program, you also receive various offers when you swipe your HSBC Platinum Credit Card while you are overseas in countries, namely, Europe, Asia, America or anywhere around the world.
For more information, you may click on the links below:
FAQs
FAQs
You can apply directly on our website, hassle-free, with only two simple steps at CompareHero or drop us a call at +6012-385 0211 and our customer service will revert back as soon as possible to help process the application for you.
If you are 21 years old and above, you are eligible to apply for the HSBC Platinum Credit Card principal card as long as you have a minimum income of RM3,000 a month or RM36,000 yearly. If you are at least 18 years old, you can apply for the supplementary cardholder.
Yes, there is an annual fee of RM240 for primary cardholders and RM120 for supplementary cardholders.
Note: Annual fee will be waived if the cardholder(s) swipe the credit card 12x per year
There is a sales and service tax fee of RM25 for both principal and supplementary cardholders. A late payment fee will be charged which is 1% or RM10 of your overall overdue amount with a maximum amount of RM100. When you settle your payments on time (which is 5% or RM50 of the overdue balance), you will only be charged with an interest rate of 15% annually. If you make your payments in 10 months out of 12, your interest rate will be 17% annually. However, if you do not meet any of the requirements above for your repayments, you will be charged with an interest rate of 18% annually.
- Up to 8x reward points on contactless purchases
- Up to 5x reward points for online purchases, groceries and overseas purchases
- Various offers and discounts with various outlets including restaurants, hotels, shopping malls and more
- Special offers and discounts when you travel overseas in various countries
- Exchange reward points with special gifts and cash vouchers from participating merchants such as Lazada, Grab and more
- Exclusive HSBC features such as SMS alert and HSBC Balance Transfer Plan
If you are a frequent shopper, then the HSBC Platinum Mastercard will be a great option for you. If you regularly shop online, you will get the most out of this credit card.
