I have HSBC Platinum credit card since Jan 2013. Following are T&C on my card :
Standard Joining fees NIL
Standard Annual fees for the first year NIL
Annual fees second year onwards NIL
Standard annual fees for additional NIL
(add-on) card
Free credit period up to 52 days
Finance charges on extended credit and 3.3%
per month (39.6%
per annum)
cash advances (w.e.f. July 1, 2012) computed fromthe date of transaction
Minimum Payment Due (MPD) on 5% of the total payment due of
credit usage the statement plus greater of Past
Due or Overlimit due (if any),
subject to a minimum of ` 100.
Interest will be charged on the
extended credit as per T & C.
Duplicate statements (older than 3 months) ` 100 per statement
Charge in case of cheque bounce, ` 350
standing instruction dishonoured
or unsuccessful payment through ECS
Cash advance limit#
As communicated to you in your
(against credit card account) monthly card statement
Transaction fee for cash advance 2.5% oftransaction amount(subject
to a minimum of ` 300)
Transaction fee for cash withdrawal ` 100 at ATMs overseas
against your bank account
Transaction fee for cash withdrawal against NIL
your bank account at non-HSBC ATMs inIndia
Overlimit fee ` 500 per month
Late payment fee 50% of minimum amount due
(subject to a min amount of ` 400
& a maximum of ` 750 p.m.)
Sales slip retrieval/ charge back ` 225
processing fees
Out of town cheque processing / INR 50 per instrument
collection charge (upto INR10, 000)
INR 100 perinstrument
(INR 10, 000 - INR 1 lakh)
INR 150 per instrument
(greaterthan INR 1 lakh)
Credit card replacement fee (within India) ` 100
Credit card replacement fee (outside India) ` 100
Foreign currency transactions 3.5%
Balance Enquiry on the credit card at NIL
other Bank ATMs.
Collection payment pickup fee (Payment ` 100
pickup by HSBC for payment overdue)
Cash Payment Charge ( HSBC credit cards ` 100
bill payments made in cash at HSBC (w.e.f. 15 Sept 09)
Branches & Drop Boxes)
Copy of Credit Information Report INR 50 (w.e.f. 14 Dec 09)
Handling charges for redemption of rewards ` 50per redemption(w.e.f. 1st April 2012)
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I made purchasing worth 10K INR in the first two months and I got 500 INR cash back! . Only pros I see is the credit card security - I don’t get SMS on the registered number at any transition. I don’t use it in shop as it makes me feel like blind to my expenses and possible theft.If the bank work on it then I guess there is no harm in using this ’NEUTRAL’ card.