Run Far Away From Hsbc
Shady practices, never ending lies, worst customer service are the core value of HSBC.I was hit with a hard credit inquiry for a credit limit increase, when I contacted HSBC I received the following response:Dear Lem, Thank you for reaching out to us. We sincerely apologize for any inconvenience this may have caused you. We run a soft credit inquiry for a credit limit increase. At the moment, the wait times exceed 30 minutes due to a high volume of requests. We are sorry for the wait times. We also logged a complaint on your behalf and our brochure is available through. The complaint number is 79507. Hope this helps. Here is their subsequent response: Thank you for providing the required information.We understand your frustration, and we are sorry for the inconvenience. It is a case by case situation depending on many factors. When requesting a credit limit increase, you consent to a disclosure that says : ”NOTE: In order to evaluate your request, HSBC Bank Canada may obtain and refer to information in your credit bureau file in accordance with the consent you provided at the time of applying for your credit card. Please refer to your HSBC Mastercard Cardholder Agreement for details on how we use and disclose your personal information, including credit bureau information.” Please find more details through this linkWe appreciate your understanding.Still my hard inquiry not removed yet.
Am I Eligible To Apply For Hsbc Credit Cards
To apply for an HSBC card, the principal cardholder will have to be at least 21 years old, while the supplementary cardholder is to be at least 18 years old.
Minimum annual income differs from card to card.
|APPLY FOR HSBC CREDIT CARD – ELIGIBILITY|
|Age of Principal Cardholder|
|Latest month salary slip / Letter of Confirmation from employer||Letter of confirmation from employer stating position, remuneration and duration of employment|
|Bank statement showing latest 3 months salary credit||Latest Income Tax Return (Form B with payment receipts or CPO2 attached or EPF statement / Latest 6 months bank statements||Min. RM10k per month AND working for Multinational / Public Listed Companies / Government / Semi-Government / HSBR corporate lending employers only|
|Latest Income Tax Return , Form EA or EPF||–||–|
*If you have applied for any supplementary card/s, please include a photocopy of your Supplementary card holder’s MyKad
Hsbc Credit Card Reviews
HSBC Credit Card reviews can help you to find out about the pros and cons of the HSBC Credit Card credit card. What kind of features do HSBC customers like? Find out more about the HSBC Credit Card by reading our trusted Smart Money People reviews. You ca…
HSBC Credit Card reviews can help you to find out about the pros and cons of the HSBC Credit Card credit card. What kind of features do HSBC customers like? Find out more about the HSBC Credit Card by reading our trusted Smart Money People reviews. You can also write your own HSBC Credit Card reviews to share your own experience with Smart Money People, the UK’s leading financial services review site. Together, we can make financial services work better for everyone.
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Can I Use My Hsbc Credit Card Overseas
You can use your HSBC credit card overseas. In fact, HSBC credit cards don’t charge foreign transaction fees, making them a good choice for international travel. A foreign transaction fee is a fee of up to 3% that some cards charge on purchases made outside the U.S., which tacks unnecessary costs onto your trip.
Hsbc Premier World Credit Cardhsbc Premier World Credit Card
- 35,000 points initial rewards bonus
- No foreign fee
- No intro APR on purchases
- No intro APR on balance transfers
- Requires excellent credit
- Earn 35,000 Bonus Points , after spending $3,000 in the first 3 months from Account opening.
- Earn 2 Points per $1 spent on travel 1 Point per $1 spent on all other purchases with no cap and no expiration.
- Earn 2 Points per $1 spent at nurseries, garden centers, hardware stores and more, up to $2,000 total spend from April 1, 2022 to June 30, 2022.
- Redeem Points for Travel, Cash Back, Merchandise or Gift Cards.
- $85 TSA Precheck® credit every five years to reimburse the application fee.
- Enjoy 5% back on future orders from HelloFresh, $5 off your first 2 orders each month at DoorDash and $5 Lyft App credit every month after 3 rides.
- To apply for this card, you must have an existing U.S. HSBC Premier checking account relationship.
- Complimentary ShopRunner membership, Mastercard ID Theft Protection, Identity Fraud Expense Reimbursement and Cellular Wireless Protection.
- Travel benefits: Unlimited Boingo Wi-Fi access, MasterRental Coverage, Lost or damaged baggage coverage, Hotel/Motel burglary coverage, Trip Cancellation Insurance and $1 Million Travel Accident Insurance.
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Hsbc Elite Credit Card* Vs The Platinum Card From American Express
No other card comes with as much perk-potential as The Platinum Card® from American Express. If you travel frequently and want to do so in style when you do, this card deserves a place in your wallet. In exchange for its $695 annual fee, cardholders will get a rich rewards rate on travel: 5 Membership Rewards points per dollar for flights booked directly with airlines or with American Express Travel on up to $500,000 per calendar year, 5 points per dollar on prepaid hotels booked with American Express Travel and 1 point per dollar on other eligible purchases. Seerates & fees.
Plus, the card provides access to the extensive airport Global Lounge Collection once you enroll, which includes more lounges than any other U.S. credit card program with 1,400 airport lounges in over 500 airports and 140 countries around the world. Its overflowing with other perks too including an up to $200 annual airline incidental fee credit on one airline when you enroll, TSA Precheck or Global Entry fee reimbursement, Uber Cash when you link your eligible card to your Uber account, elite status in several hotel and car rental programs with enrollment and more. If you can use all of these benefits, it could be more beneficial than the HSBC Elite card.
Can Be Good But Fraud Team Overly Aggressive
This could be a good product. I have had it for years but the fraud team is far too aggressive. I have a legitimate transaction flagged for fraud. I called and they removed the block only to block the very next transaction. They removed it again and then blocked it again while I was on the phone with them. This happened several times even while on the phone with them. They refused to believe the card was not compromised and my holidays cost more to book as flight costs changed while I sorted out the wrong behavior of their fraud team.
Trying to cancel card. They say you can do on line but you cant on the app. Have been waiting for 2 hours on phone waiting. They refuse to give me my user name through app too which is frustrating.
Terrible application process. Makes you submit documents more than a home loan for a 6k credit card.
Have excellent credit rating, 6 figure income and other assets and practically no liability. Declined without a reason after conditionally approving them.
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Other Hsbc Elite Credit Card Benefits
- Travel Credit: Earn up to $400 per year for all airfare, hotels and car rentals booked through HSBC Travel.
- LoungeKey Membership: Unlimited free airport lounge visits for you and a travel companion at participating LoungeKey locations.
- Hotel Discounts: Receive 10% off stays booked through Expedia and Agoda.
- Boingo Membership: Customers receive free internet access at public Boingo hotspots.
- Trusted Traveler Reimbursement: Receive one reimbursement every 54 months toward Global Entry or TSA PreCheck enrollment.
- Travel Insurance: Coverage for travel accidents, trip cancellation, hotel burglary, lost or delayed luggage and secondary rental car Collision Damage Waiver insurance.
- Everyday Protections: Cardholders receive mobile phone insurance, price protection, extended warranty, and purchase assurance on eligible purchases.
- Foreign Transaction Fees: None
- Late Penalty: Up to $39
- Returned Payment: $39
What Perks Can I Enjoy With My Hsbc Red Mastercard
Aside from enjoying the spoils of accelerated rewards, owning an HSBC Red Mastercard also gives you access to HSBCs credit card perks. For starters, how about a 6% rebate on your first Caltex fuel purchase and 3% rebate on succeeding fuel purchases? Now thats a great money-saver, especially in the new normal. Also, the annual fee is free for the first year.
As if those perks are not enough, this HSBC credit card entitles you to shopping and dining promos, as well as exclusive privileges at over 27,000 establishments worldwide.
Also, you get to avail of HSBCs nifty installment plans, starting with its 0% card installment plan. By using your HSBC Red Mastercard to purchase high-ticket items like groceries, gadgets, appliances, plane tickets, and others, you can pay in monthly installments with flexible terms up to 24 months.
You can also fund any unplanned expenses with HSBCs cash installment plan. Its a more convenient way to get a cash advance from your HSBC Red Mastercard. Get cash and pay for it in flexible and affordable installments. And if youre looking to transfer your balance from your old credit card, the HSBC Mastercard is a great choice to save on interest and finance charges.
Convinced yet? Then get started with your HSBC credit card application right here.
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Hsbc Red Mastercard Alternatives
While reading this HSBC Red Mastercard review, you might realize it doesnt suit you. Despite its useful and exciting features, the Red Mastercard has one thing going against it: you need to have a credit card owned for at least one year. It couldve been a grand slam for first-time cardholders out there. If you want to make your way to owning one, look for .
Perhaps you can give the Citi Simplicity+ Card a try? With no annual fees to worry about, you can start using it for a year until youre ready for your next credit card. You can read our review of Citi Simplicity to check if this ones for you.
If you want more rewards, the Citi Rewards Card is also a strong contender. If youre set on getting any Citibank credit card, do it on or before August 14, 2021 to get free Apple AirPods worth PHP 9,490.
If youre looking for a second or third credit card, then the HSBC Red Mastercard is a good choice. But if rewards dont interest you the slightest, check out the HSBC Gold Visa Cash Back. For a slightly higher annual fee, you get 5% rebate on dining transactions and 3% rebate all-year round. Practical cardholders should check our HSBC Gold Visa Cash Back review to learn the perks from getting this card.
But if you just want a no-fuss credit card with no annual fees, then check out the Metrobank M Lite MasterCard. It may not have a roster of exciting perks, but its packed with value-added services for online and in-store shopping that you probably wont miss getting rewards.
Best For Intro Apr Period: Hsbc Gold Mastercard Credit Card
Heres why: The introductory purchase and balance transfer APR period of 18 months and simple card structure can be a good tool for harnessing personal finances for some.
At first glance, the HSBC Gold Mastercard® credit card may look boring. The bare-bones credit card doesnt offer a rewards program and provides only a handful of shopping and travel benefits.
But the HSBC Gold Mastercard® credit card does offer a few ways to manage your money, especially if you need a little help getting out of debt. Cardholders get an introductory 0% APR for 18 months on balance transfers made within 60 days of account opening. After the intro period ends, your variable APR for balance transfers will be 13.99% to 23.99%, based on your creditworthiness. One thing to keep in mind before transferring any balances: This card comes with a 4% balance transfer fee. So make sure that it still makes sense to use this card after you tack on the fee.
The HSBC Gold Mastercard® credit card also offers an introductory 0% APR for 18 months on purchases. After the intro period ends, your variable purchase APR will be 13.99% to 23.99% based on your creditworthiness. With this feature, you can finance a purchase or pay down debt over the intro period while saving on interest costs. But you should only spend what you can comfortably afford to pay off and before the intro purchase APR period is over.
Finally, the card also offers a $0 annual fee.
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Money Transfer Credit Card
A money transfer card lets you move money from your credit card into your current account, for a fee. You may consider a money transfer credit card if you wanted to pay off an overdraft, for example. This is different from a balance transfer credit card, where you move debt from one credit card to another.
HSBC doesnt currently offer money transfer credit cards.
What Do I Earn Per 1 Spent On The Card
The HSBC Premier rewards scheme gives 1 point for every £1 spent in the UK and 2 points for every £1 spent abroad. Each point is worth 0.5 airline miles. You are therefore getting 0.5 miles per £1 spent in the UK and 1 mile per £1 spent abroad.
You can transfer your HSBC Premier points into the following airline schemes:
- 0.5 Avios per point
- 0.5 Etihad Guest miles per point
The geographic base of these airlines is, perhaps not surprisingly, a good fit with HSBCs main business focus these days. Note the lack of any US airline partners.
I cannot find this list of airlines anywhere on the general HSBC website. You can see it in this PDF brochure.
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Hsbc Advance Card V Standard Chartered Unlimited Cashback Card
- No boosted rates in specific categories
- No travel perks
Standard Chartered Unlimited Cashback Card offers high spenders infinite earning potential with no minimum spend, at a 1.5% cashback rate. The card is SimplyGo functional and offers up to 21% fuel savings at Caltex, though its S$192.60 fee is waived only 2 years. SC Unlimited Cashback Card is, however, best suited for very high spenders . While its cashback rate is lower than HSBC Advance Card’s, earnings are unlimited. Still, those with monthly spend between S$2,000 and S$8,000 will more quickly maximise earnings with HSBC Advance Card’s 3.5% cashback rate.
Hsbc Cash Rewards Mastercard Credit Card
Earn 3% cash back on all purchases in your first year, up to $10,000 in spend.
Variable APR of 13.99% – 23.99% will apply after the Introductory Period
- Earn unlimited 1.5% cash back on all purchases.
- Earn an Introductory 3% Cash Back on all purchases in the first 12 months from Account opening, up to the first $10,000 in purchases
- No Annual Fee.
- 0% Intro APR for 12 months on purchases and balance transfers, Balance Transfers must be posted within the first 60 days following Account opening. Then a 12.99% – 22.99% variable APR will apply.
- No Foreign Transaction Fees.
- $0 liability for unauthorized purchases.
- Terms Apply.
Not currently open to applications
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How Can I Increase My Hsbc Cards Credit Limit
You can request a credit limit increase on your HSBC credit card by logging onto the HSBC website. Once you’re in your account, click on “view details” and then click on “services.” Fill in the requested information. If you’d rather talk to a customer service representative, call the customer service phone number on the back of your card to request a credit limit increase on your HSBC card.
Hsbc Advance Credit Card Terms & Conditions
|HSBC Advance Credit Card|
|Annual fee & waiver||$192.60 , unless a min. of $12,500 is charged to the card in each subsequent year. Free for HSBC Advance banking customers.|
|Supplementary annual fee|
|3% or $50, whichever is higher|
|Foreign currency transaction fee|
|6% or $15, whichever is higher|
|Visa payWave, Apple Pay, Google Pay, SimplyGo|
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At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here’s an explanation for how we make money. The content on this page is accurate as of the posting date however, some of the offers mentioned may have expired. Terms apply to the offers listed on this page. Any opinions, analyses, reviews or recommendations expressed in this article are those of the authors alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.
Hsbc Visa Platinum Credit Card
Ideal for- Lifestyle Privileges
Features- The HSBC Visa Platinum Credit Card offers you exclusive privileges and attractive rewards. On minimum spends worth 10,000 within the first 60 days of card issuance, you get 10% cashback worth up to 2,000. You also get to earn 2 reward points for every 150 spent on the credit card. If your card spends exceed 4 lakh in an anniversary year, you earn 5X Rewards on subsequent purchases . The accumulated reward points can be converted into air miles on InterMiles, British Airways and Singapore Airlines. Other benefits of the HSBC Visa Platinum credit card include fuel surcharge waiver, discounts on movies, flights, restaurants, and more.
Annual membership fees- Nil
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