• HSBC Premier MasterCard

    HSBC Premier Mastercard
    Credit Card
    Annual Fee
    Reward type
    HSBC Premier Mastercard
    Annual Fee:
    Free
    Reward type:
    Travel, Insurance, Shopping, Dining and Premium

    HSBC Philippines offers a wide range of financial products including credit cards. HSBC Premier Mastercard credit card is one among the many credit cards offered by the bank. This card offers accelerated rewards along with various other benefits. Read on to know more about the card.

    Features and Benefits

    Listed below are the features and benefits of the card:

    • It is a travel credit card.
    • The card offers 1 airline mile point for every P25 spent on the card.
    • The card offers 4 bonus points for every P20 you spend on overseas purchases and overseas online purchases.
    • The airmiles can be redeemed for free flights.
    • The credit card comes with a very high credit limit.
    • The rewards points can be redeemed for air miles, hotel loyalty points or Premier rewards items.
    • The card offers additional benefits in the form of discounts and special travel privileges.
    • The card offers special installment payment plans.
    • Global Travel assistance is available round the clock.
    • The card offers amazing joining benefits.
    • The annual fee is waived off for the first year for the primary and supplementary card.
    • The card is available to both nationals and Foreigners.
    • Low rate of interest.
    • Supplementary cards available.
    • Hassle free application process.
    • Easy and minimal documentation.
    • Can be applied for online and offline.

    Rewards

    Given below is the detailed explanation of the rewards scheme on the card:

    • The card offers 1 Air mile for every P25 spent on the credit card.
    • Earn 4 bonus points for every P20 you spend on overseas purchases and overseas online purchases.

    The collected air miles can be redeemed as follows:

    • 1 Asia mile for five bonus points.
    • 1 KrisFlyer miles for 5 bonus points.
    • 1 Mabuhay miles for 6 bonus points.

    Insurance Offered by HSBC Premier Mastercard credit card

    Enjoy an exclusive travel accident Insurance coverage of up to P20 million at no extra cost when you pay for your travel fares using your HSBC Premier Mastercard credit card. Given below is the coverage plan for the insurance scheme:

    Event

    Benefit for Principal cardholders

    Benefit for spouse

    Benefit for children

    Accidental Death and Dismemberment with Unprovoked Murder and Assault

    P20,000,000

    P10,000,000

    P1,000,000

    Accident Burial Expense

    P100,000

    P100,000

    P100,000

    Accident Medical Evacuation

    P500,000

    P500,000

    P500,000

    Repatriation of Mortal Remains

    P500,000

    P500,000

    P500,000

    Felonious Assault

    P10,000

    P10,000

    P10,000

    Joining Benefits

    • Get a free American Tourister Spinner luggage when you apply for a new HSBC Premier Mastercard credit card and reach a spend of P5,000. The offer is valid till May 26, 2017.

    Supplementary Cards

    One can avail supplementary cards with the HSBC Premier Mastercard credit card for a small fee. The supplementary fee is waived off for the first year.

    Security Feature

    The bank has ensured that your transactions stay protected with the card:

    • SMS Alerts- Every time you make a transaction on your credit card, you will receive a message on your registered mobile number with details of the transactions.
    • Email Alerts- Every time you make a transaction on your credit card, you will receive a message on your registered email ID with details of the transaction.

    Eligibility Criteria

    Given below is the eligibility criteria for the card:

    • The applicant has to maintain a Total Relationship Balance (TRB) of P4,000,000 or its foreign currency equivalent. TRB includes your deposits and investments.
    • The applicant must be a Philippine resident or a Filipino citizen.

    Documents Required

    Given below is a list of documents required in order to apply for the card for Filipino citizens:

    For Filipino citizens

    • Proof of Income-
      • For Employed (Required): Photocopy of latest BIR Form 2316 signed by employer's authorized representative AND one of the following:
        • Original copy of Certificate of Employment and Income (COEI) indicating status, length of service, and compensation breakdown
        • Photocopy of latest full month payslip
      • For Self-Employed (Required):
        • Photocopy of Registration of Business Name
        • For Single Proprietorship issued by DTI
        • For Partnership/Corporation issued by SEC
        • Photocopy of latest ITR and W4 with BIT/Bank Stamp Audited Financial Statements for the last 2 years; OR
        • Bank Statements for the last 3 months
    • Proof of identity- Any government issued ID

    For foreigners

    • Copy of Employment Contract or Certificate of Employment
    • Letter from Embassy (if Embassy Official)
    • Submit photocopy of ANY ONE of the following:
    • Valid Passport with Resident Visa
    • Work Permit and Valid Visa
    • Special Investor's Resident Visa and Visa's Philippine Economic Zone Authority or Visa with EO22
    • ACR or ICR or ACR-1

    Fees and Charges

    Given below is a list of fees and charges charged on the credit card:

    Feature

    Fee

    Primary card annual fee

    P5,000 per annum (Annual fee waived for the first year)

    Supplementary card annual fee

    P2,500 per annum (Annual fee waived for the first year)

    Cash advance

    30% limit

    Cash Advance Monthly Effective Interest Rate

    3.75%

    Cash Advance fee

    3% of the amount withdrawn of P500, whichever is higher.

    Finance Charge

    3.50% per annum

    How to Apply for HSBC Premier Mastercard credit card?

    Applying for card HSBC Premier Mastercard credit card is very easy. The applicant can either apply for the credit card online or do it offline at one of the bank’s branches in Philippines.

    • Online- The applicant can visit the official website of the bank if they wish to apply for the card online. At the official website, the applicant can choose the card of their choice and apply for it by downloading the form and submitting it with relevant documents. The applicant can also apply for the card on third party financial websites.
    • Offline- If the cardholder wishes to apply for the card offline, they can do so by visiting one of the bank’s branches in Philippines.

    How to Report a Stolen Card?

    In case you lose your HSBC Premier Mastercard credit card, you can contact the bank at + 1 314 275 6781 and the bank will cancel your lost card and arrange a card replacement. If you need cash, the bank will arrange an emergency advance that can be collected at over 245,000 outlets across 200 countries.

    Additional pre-approved Premier credit cards will be offered to your family members and they can also benefit from the emergency support services, giving you peace of mind.


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