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HSBC · Visa Platinum · Miles

HSBC Platinum

Earns
0.21 miles per RM Groceries
Lounge
None
Min income
RM102,000 a year
Annual fee
RM240 Waived at RM6,000 spend a year
See it on HSBC's site

Good for

  • Contactless payments in Malaysia earn 8 points per RM1.
  • Groceries in store and Lazada, Shopee, Grab, Fave and Zalora earn 5 points per RM1.
  • RM240 annual fee from year 2, waived at RM6,000 of spend a year.

Watch out

  • The 8x stops after RM429 of contactless spend a month.
  • HSBC lists no lounge access or travel insurance for this card.
  • The product page says to apply at a branch.

What it earns

Reward Points, per RM spent. Each row says what the points are worth.

SpendingEarnsDetails
Dining, Groceries, EV charging and more in shops in ringgit8 points per RM On the first RM429 a month. 0.33 miles per RM with Enrich, or 0.32 miles per RM with KrisFlyer or Asia Miles.
Overseas / FX in-person in shops5 points per RM On the first RM1,500 a month. 0.21 miles per RM with Enrich, or 0.2 miles per RM with KrisFlyer or Asia Miles.
Groceries in shops in ringgit5 points per RM On the first RM750 a month. 0.21 miles per RM with Enrich, or 0.2 miles per RM with KrisFlyer or Asia Miles.
Online shopping, Shopee and Lazada, Food delivery and more online in ringgit5 points per RM On the first RM750 a month. 0.21 miles per RM with Enrich, or 0.2 miles per RM with KrisFlyer or Asia Miles.
Everything else1 point per RM 0.04 miles per RM.
Petrol, Government / LHDN / JPJ and JomPAY / FPX / DuitNow to billersNothing

Points and transfers

Enrich
24,000 points for 1,000 miles Moved in blocks of 24,000 points.
KrisFlyer
25,000 points for 1,000 miles Moved in blocks of 25,000 points.
Asia Miles
25,000 points for 1,000 miles Moved in blocks of 25,000 points.

Travel

Airport lounges
None
Overseas spending fee
1% 1% HSBC conversion cost, plus any fee Visa or Mastercard adds.

Insurance

Insurance
None listed HSBC lists no cover for this card.

Fees and charges

What it costs if you don't pay in full, or use it for cash.

Annual fee
RM240 Free the first year. Waived if you spend RM6,000 in a year.
Extra (supplementary) cards
RM120 a year Plus RM25 service tax each year.
Service tax
RM25 a year per card A government charge on every credit card in Malaysia, billed by the bank.
Interest
15%, 17% or 18% a year Depends on how reliably you paid over the last 12 months. None if you pay the full balance by the due date (20 days after your statement).
Minimum monthly payment
5% of the balance, or RM50 Whichever is higher, plus any instalments and unpaid past minimums.
Late payment
1% of the balance, RM10 to RM100 Charged when the minimum payment is late.
Cash withdrawal
RM8.70 fee per withdrawal Plus 8% service tax on the fee, and 18% a year interest from the day you take it out. No interest-free days. An unpaid cash advance also cancels the interest-free days on your other spending. HSBC also adds a handling charge at ATMs.
Replacement card
RM50

Who can apply

Income
RM102,000 a year or more
Age
21 or older Extra cardholders from 18.
Documents
  • MyKad, both sides
  • Employees: the latest EPF statement, plus 3 months of payslips, a commission statement, 3 months of bank statements, or Form BE with the tax receipt
  • Self-employed: business registration or trading license, plus 6 months of bank statements, the latest EPF statement, or Form B with the tax receipt or CP02
Foreigners must work for a multinational, listed or government employer, or an HSBC corporate lending employer. They need a passport, a work permit valid at least 1 year, a letter from the employer and 3 months of payslips or bank statements.

Other perks

Pay by phone
Apple Pay, Google Pay, Samsung Pay Add it in Apple, Google or Samsung Wallet, then verify it in the HSBC Malaysia app. A supplementary card needs the main cardholder to call HSBC.
Card network
Visa Platinum

Where this comes from