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HSBC RuPay Platinum Credit Card: Fees, Rewards & Benefits

Travel card

Vyaya Team · Aug 2026
5 min read
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Value Score
9.0 / 10
Annual Fee
₹0
Best For
No-fee UPI user, Portal-savvy traveller
Network
RuPay
Expert Verdict

A lifetime-free RuPay-on-UPI card whose value comes from uncapped 6X portal travel earning (best value ₹1/point), fuel savings and bundled Zomato/Swiggy/Cleartrip discounts. The ₹0.25 base point value and absence of lounge access keep everyday returns modest, but at zero cost it carries little downside.

HSBCRuPay
HSBC RuPay Platinum
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REWARD SUMMARY
0.33333333333333337% Base Rewards
Travel card
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The Bottom Line

The HSBC RuPay Platinum is built for no-fee upi user and portal-savvy traveller. With no annual fee, it offers 2% rewards on hsbc travel with points (travel) and a welcome benefit worth ₹500. It makes the most sense if your spending matches no-fee upi user and portal-savvy traveller.

It earns a base reward rate of 0.33333333333333337% and stacks best when your spending lines up with No-fee UPI user, Portal-savvy traveller.

What we like
+Lifetime free – zero joining and zero annual fee.
+Reward Points reach a best value of ₹1, with 6X (12 per ₹150) on travel via HSBC Travel with Points and 5X (10 per ₹150) on the Unicorn portal, both uncapped.
+RuPay-on-UPI support that earns reward points on UPI spends.
+Bundled lifestyle savings: 10% via District by Zomato, 10% on Swiggy Instamart, up to ₹6,000 off on Cleartrip and a 2-month EazyDiner membership.
+Fuel surcharge waiver with up to ~₹3,000 in annual savings.
What we don't
Base Reward Points are worth only ₹0.25, so the 2 per ₹150 base is a weak ~0.33% return.
No complimentary airport lounge access.
High 3.5% forex markup and a 2.5% cash withdrawal fee (min ₹500).
No rewards on fuel, wallet loads, cash advances or EMI conversions.

Who Should Get This Card

Use this as a quick filter before comparing rewards or fees in detail.

Best fit for

Ideal
+
No-fee UPI user

Those wanting a lifetime-free RuPay card for UPI spends and bundled Zomato/Swiggy/Cleartrip discounts at zero cost.

+
Portal-savvy traveller

Users who book travel via HSBC's portal to capture the uncapped 6X at ₹1-best-value points.

Probably not for

Skip
Lounge seeker

The card includes no complimentary lounge access despite being travel-categorized.

Everyday reward optimizer

At ₹0.25 base point value the off-portal return is only ~0.33%.

Is It Worth It For You?

Slide to your typical monthly card spend. We'll do the rest.

Calculate Your Value

Adjust your typical monthly spend by category.

Dining
05,000Max ₹50k
Est. Returns
Travel
010,000Max ₹1L
Est. Returns
Online & Shopping
08,000Max ₹80k
Est. Returns
Groceries
06,000Max ₹40k
Est. Returns
Annual rewards0
Welcome bonus (Year 1)+₹500
Annual feeFREE
Net Value (Year 1)+500
Net Value (Year 2+)+0

Sign in for personalized estimates based on your actual spending

Reward Rates

HSBC RuPay Platinum offers 0.33333333333333337% basic reward rate.

Quick Calculator

Estimate earnings for a specific purchase

HSBC Travel with Points (Travel)
2%
HSBC Unicorn portal (Other)
1.67%

Welcome Offer

Welcome Benefit

INR 500 cashback on downloading/logging into the HSBC India Mobile Banking app and spending INR 5,000 within 30 days of card issuance; INR 250 Amazon eGift Voucher on completing online application + Video KYC + card issuance; INR 250 cashback for linking the card to UPI and completing 2 transactions of INR 250+ within 30 days; 2-month EazyDiner membership on card activation.

Value: ₹500

Fees & Charges

Joining fee₹0
Annual fee₹0
Fee waiverN/A

Eligibility

  • Min Income: ₹12 Lakhs
  • Min Credit Score: 750
  • Lifetime free card; age 18-65; min annual income Rs 6L salaried, Rs 12L self-employed; resident of India in select cities; earns 2 pts per Rs 150.

Exclusions & Terms

Forex markup

  • Foreign currency markup

Cash Advances / Cash Withdrawals

  • Does not earn reward points. Cash withdrawal fee of 2.5% of the amount, minimum INR 500 per transaction.

EMI / Instant EMI (IEMI) Conversions

  • Reward points are not applicable on credit card Instant EMI (IEMI) transactions.

Frequently Asked Questions

2 data-backed answers from our card database

What is the annual fee of the HSBC RuPay Platinum?+

The HSBC RuPay Platinum has no annual fee (lifetime free).

What rewards does the HSBC RuPay Platinum offer?+

It earns Reward Points, with accelerated earning on Travel, Rewards.

Ready to apply?

No annual fee. Apply on the HSBC website.

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