Welcome to the latest edition of Moneymax Reviews! In our previous HSBC Red Mastercard review, we noted how rewarding this credit card is. While it's an awesome card overall, you might want your credit card perks leveled up. Let's say you'll travel a lot now that restrictions have eased up in the Philippines and abroad—which brings us to an HSBC Platinum Visa credit card review.
Among HSBC's credit card offerings, the Platinum Visa Rebate card is touted as the "ultimate shopping and travel rebate card." Is this card really worth it? This HSBC Platinum Visa review will find that out and more.
HSBC Platinum Visa Credit Card Review: Key Features
First, let's check the basic features to see if you qualify for the HSBC Platinum Visa Rebate.
- Annual fee: ₱5,000 (free for the first year)
- Interest rate: 3%
- Minimum monthly income requirement: ₱41,666.67
- Cash advance fee: ₱200
- Late payment fee: ₱1,000 or the unpaid minimum amount due, whichever is lower
- Overlimit fee: ₱800
- Foreign transaction fee: 2.5% of the converted sum plus 1% assessment fee by Visa
- Card replacement fee: ₱400 per replacement of lost, stolen, or damaged card
Why Should I Get an HSBC Platinum Visa Rebate Card?
Earn Travel and Shopping Rebates Fast
With the HSBC Platinum Visa Rebate Card, you'll enjoy one of the highest cashback rates in the Philippines. You earn rebates fast with every purchase charged to your HSBC credit card—and earn faster for certain spending categories. And there's no required minimum spend to earn cashback!
Here's how to collect rebates using your HSBC Platinum Visa Rebate credit card:
- 5% rebate on shopping transactions, both in-store and online
- 5% rebate on essential travel spend
- 1% rebate on insurance transactions
- 0.50% rebate on all other spend
Pay for Big-Ticket Purchases at 0% Interest on Up to 36 Monthly Installments
HSBC credit cards, including the Platinum Visa Rebate Card, allow cardholders to convert straight purchases into more affordable installments of up to 36 months at zero interest. Installment transactions also earn 3x bonus points. This installment plan[2] applies to appliances, gadgets, furniture, and other big-ticket items.
Read more: HSBC Credit Card Application: A Guide for First Timers
🎁 Free Gift from Moneymax: ₱2,500 GCash, JBL Go 3, or realme Buds Air 3
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Eligible cards: All HSBC credit cards
Promo period: Until May 31, 2023
Not an HSBC credit cardholder yet? Apply for an HSBC card through Moneymax during the promo period (and get approved subsequently) to receive an exciting free welcome gift! Choose from ₱2,500 GCash, a JBL Go 3 portable waterproof speaker (worth ₱2,399), or realme Buds Air 3 wireless earbuds (worth ₱3,990). Terms and conditions apply.
This Moneymax HSBC GCash/JBL/realme promo runs until May 31, 2023 only. So hurry and apply now!
What Perks Can I Enjoy with My HSBC Platinum Visa Rebate Card?
📌 Free Purchase Protect Insurance Coverage
The HSBC Platinum Visa credit card comes with free purchase protection insurance coverage.[3] This covers accidental damage and/or theft of eligible items purchased using a qualified HSBC credit card up to 90 days from the transaction date. It also includes an accidental death benefit of up to ₱10,000 per year.
📌 Caltex Fuel Rebates and Rewards
Like other HSBC credit cards, the Platinum Visa lets you earn a 3% rebate on your fuel purchases at participating Caltex stations nationwide all year round. Your first Caltex transaction will earn a 6% rebate.
On top of rebates, your Caltex fuel purchases using the HSBC Platinum Visa Rebate Card also earns rewards points.
Did this HSBC Platinum Visa review convince you yet? Check out this quick rundown of features.
Read more: Catch These HSBC Credit Card Promos in the Philippines This 2023
HSBC Platinum Visa Rebate Card Alternatives
To determine the best travel credit card for you, shop around and compare the available options first. Now that you know what you'll get from HSBC with this HSBC Platinum Visa review, you might want to check out other travel credit cards that could match your needs and preferences.
Air Miles Cards with Free Airport Lounge Access
Citi PremierMiles Card
Another travel card worth considering is the Citi PremierMiles Card. For every ₱30 spend, you earn 1 mile that never expires. Use your earned miles to avail of lounge access at domestic and international airports.
Note: This product is sold by Union Bank of the Philippines, using certain trademarks temporarily under license from Citigroup Inc. and related group entities.
RCBC Visa Platinum
With the RCBC Visa Platinum, you can earn 1 mile for as low as ₱25 spent abroad or ₱48 spent locally. You also enjoy free access to 1,300+ VIP airport lounges worldwide, as well as unlimited access to the Skyview Airport Lounge and The Club Manila Lounge.
Metrobank Travel Platinum Visa
The Metrobank Travel Platinum Visa lets you earn 1 mile per only ₱17 spent abroad and on flights and hotel stays. It also provides free access to over 950 airport lounges worldwide.
No Annual Fee Travel Credit Cards
AUB Platinum Mastercard
If saving money on credit card fees is your priority, the AUB Platinum Mastercard is the ideal choice. No need to pay an annual fee for life. You can even set your own credit card payment due date to ensure you pay your bills consistently on time.
Read more related articles:
- Best HSBC Credit Cards for Millennials in the Philippines
- Moneymax Reviews: 4x the Fun with HSBC Red Mastercard
Final Thoughts
With its slew of travel rewards and privileges, the HSBC Platinum Visa Rebate credit card ticks all the boxes for budget-conscious millennials who travel frequently. It's even more rewarding for those who love to shop and dine.
May this HSBC Platinum Visa credit card review help you decide on the right travel credit card for you. Stay tuned for the next edition of Moneymax Reviews!
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