HSBC Advance Visa Platinum Credit Card is a rewards credit card that has annual fee waived for life for both principal and supplementary cards. This card is suitable for online shopping, retail purchases, auto-billing, and for booking travel packages.
The principal as well as the supplementary cards have the annual fee waived for life
The cardholders can enjoy a balance transfer plan that allows them to transfer the balance accrued on other bank credit cards onto this card at lowered rates of interest
The card provides an auto bill payment facility which allows cardholders to charge their bills automatically to the card and not have to miss a payment date
The cardholders can enjoy a interest-free period of 20 days
The cardholder can earn 3x reward points with online purchases and bill payments, and 1x reward points with all other retail transactions
Cardholders get access to a range of complimentary premium privileges from Visa
The cardholder is automatically enrolled into the HSBC rewards programme that offers dining, shopping, and traveling perks
The cardholders can enjoy a range of exciting deals and discounts at more than 6,500 outlets within the country
The card offers a Home and Away Programme that provides a range of offers and discounts within the country as well as with purchases overseas
Minimum age of principal cardholder must be at least 21 years
Minimum age of supplementary cardholder must be at least 18 years
Applicants must earn a minimum income of RM36,000 p.a.
Additionally, the primary card applicants must have an HSBC Advance account too.
Fees and charges
Types of Fees
Annual fees – Principal card
The principal card and supplementary card have an annual fee waiver.
Minimum monthly repayment
The higher amount from RM50 or 5% of the outstanding amount needs to be paid per month
Finance charge on purchases
15% p.a to 18% p.a
Finance charge on cash advance
Late payment charges
The higher amount from either 1% of the total outstanding balance or a minimum of RM10 needs to be paid for late payments with a maximum of RM100
Cash advance fee
A minimum of RM15.90 or 5.3% of the cash withdrawn, whichever is higher
Overseas transaction conversion fee
All the transactions made overseas are converted into Malaysian Ringgit and the conversion rates will be determined by Visa International in addition to a 1.25% foreign currency conversion cost by the bank
Sales draft retrieval copy
RM21.20 per sales draft retrieval copy
Card replacement fee
RM50 per replacement
Additional Statement Request Fee
RM21.20 per additional statement
Finance Charges on Balance Transfer
Up to 18% of the amount transferred
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