HSBC
HSBC Platinum Mastercard Credit Card

HSBC Platinum Mastercard Credit Card

RM 3,000

Minimum monthly income

RM 240

Annual fee

15%

Interest rate p.a

6.96%

Balance transfer

Special Offers

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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 Rewards Points for Contactless spend (Mastercard Tap&Go™, Visa payWave or Samsung Pay)
5X Rewards Points for Online, Overseas, Groceries spend & 1X for Other spend
Exclusive deals & savings from special discounts to offers at more than 6,500 Shopping outlets nationwide
8X Monthly Rewards capped at RM3,000
Eligibility
Minimum monthly incomeRM 3,000
Minimum age:
Cardholder21
Supplementary Cardholder18
Fees & Charges
Annual fee RM 240
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 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

Product review by CompareHero.my

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 yourself with entertainment activities, then you’ll love the HSBC Platinum Mastercard as well! 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
Participating Merchants: Fave, HappyFresh, Lazada, Grab, Zalora, Shopee

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 get to convert them into cash vouchers or gifts! Some of the participating merchants include Grab, Lazada, Zalora. The gifts available are items like a digital thermometer, wireless mouse, triple deck lunch box, to name a few.

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.


Can't find what you're looking for? Read our article to find out the Best HSBC Credit Cards in Malaysia.

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: For primary cardholders, if you swipe at least 12 times a year, your annual fee will be waived. 

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. 

HSBC Platinum Mastercard Credit Card
HSBC Platinum Mastercard Credit Card
Apply now