HSBC RuPay Platinum Credit Card
HSBC India · Open to apply
HSBC's lifetime-free RuPay card for UPI: 2 reward points per ₹150, UPI payments included, points that transfer 2:1 to Air India, KrisFlyer, British Airways and other programmes, and a fuel surcharge waiver. No joining or annual fee.
- Annual fee
- Lifetime free
- Joining fee
- None
- Base rate
- All other spends, 2 points per ₹150: 2 HSBC reward points per ₹150 (about 1.41% at cash value)
- Lounges
- None on record
- Forex markup
- 3.5%
- Data
- From bank documents, checked 6 Nov 2026
Earns nothing on
- No points on utilities, tax, rent, money transfer, jewellery, insurance, fuel, wallets, cash, education and government
- No points on Instant EMI
Where the sources disagree
- fuel surcharge waiver cap: The product page says "annual savings of up to INR3,000"; the service guide says ₹250 a calendar month per primary card. We use the service guide (₹250 a month, which is ₹3,000 over a year).
- reward point expiry: The Rewards Marketplace T&C says points are valid for 3 years from the end of the calendar month in which they were earned; the service guide describes a rolling expiry by card-membership year. We use the Rewards T&C, the newer document.
Terms the calculator does not value
- Points are valued only through airline and hotel transfers (2 points to 1 mile on most programmes). Gift cards, Apple products and Travel with Points have no published ₹ value per point on this card; with no cash-like option, the calculator values the points at our transfer value in every mode.
- Travel with Points (HSBC's Hopper-run booking portal in the app) pays 8 points per ₹150 on flights, 12 on hotels and 4 on car rentals, with accelerated points capped at 18,000 a calendar month and a ₹300 or ₹700 convenience fee per flight leg; it is not entered as a portal rule.
- The ₹500 welcome cashback cannot be combined with another welcome offer; the calculator adds the Amazon eGift voucher as well, so the first year may be overstated by ₹250.
- UPI payments are assumed to earn the base rate, as the product page says; the rewards T&C does not mention UPI separately.
Sources
- HSBC RuPay Platinum Credit Card product page (Product page, the bank's own, read 6 Nov 2026)
- HSBC credit card Key Fact Statement (RuPay Platinum column; undated) (Schedule of charges, the bank's own, read 6 Nov 2026)
- HSBC Rewards Marketplace terms and conditions (earn rules, transfer tables, Travel with Points) (Reward terms, the bank's own, read 6 Nov 2026)
- HSBC RuPay Platinum Credit Card service guide (Reward terms, the bank's own, read 6 Nov 2026)
- HSBC RuPay Platinum introductory offer, terms and conditions (15 July 2025 to 31 December 2026) (Reward terms, the bank's own, read 6 Nov 2026)
- HSBC RuPay credit card FAQ (UPI) (FAQ, the bank's own, read 6 Nov 2026)