• HSBC Credit Card

    HSBC Credit Card
    Credit Card
    Annual Fee
    Reward type
    HSBC Gold Visa
    Annual Fee:
    P2,500
    Free for 1st year
    Reward type:
    Gas, Groceries, Shopping, Utilities and Dining
    HSBC Platinum Visa
    Annual Fee:
    P5,000
    Free for 1st year
    Reward type:
    Travel, Gas, Groceries, Shopping, Dining and Premium
    HSBC Gold Mastercard
    Annual Fee:
    P1,200
    Free for 1st year
    Reward type:
    Shopping, Utilities and Dining
    HSBC Red Mastercard
    Annual Fee:
    P1,200
    Free for 1st year
    Reward type:
    Travel , Gas, Groceries, Shopping and Dining
    HSBC Advance Visa
    Annual Fee:
    P2,400
    Free for 1st year
    Reward type:
    Shopping and Utilities
    HSBC Premier Mastercard
    Annual Fee:
    Free
    Reward type:
    Travel, Insurance, Shopping, Dining and Premium

    Hong Kong and Shanghai Banking Corporation is one of the oldest banking institutions in the world. It is a UK-based bank that has a heavy presence worldwide. HSBC offers a wide range of credit cards that are designed to suit the growing needs of the customers. HSBC offers credit cards on Visa and MasterCard platforms. The credit cards come with appealing interest rates and rewards.

    Features and Benefits of HSBC Credit Card

    Following are the various features and benefits of HSBC credit cards:

    • You earn bonus points on the card purchases made at restaurants, bars, bistros, department stores, apparel stores, accessories stores, overseas purchases, and on online purchases.
    • There is a built-in withdrawal feature on all HSBC credit cards. You can use the card at the ATM to withdraw the money when you are in the Philippines or abroad. The cash advance limit will be set as a porting of your regular credit limit and it may vary.
    • You can convert your purchases to instalments for 0% interest rate for up to 36 months.
    • You can pick the rewards program that you want to be a part of.
    • The credit cards can be used to pay for your shopping, health and beauty, dining, and travel and leisure.
    • You can transfer your credit card balance from any other credit card and save a lot.
    • You can convert your purchases to affordable monthly instalments. These can be one big purchase or several small ones.
    • You can use the credit card to pay your utility bills. You can auto charge your bills to your credit card. You needn’t worry about having to pay your bills on time.

    Security Feature of HSBC Credit Card

    HSBC offers a wife layer of security for the credit cards. You get the following security features if you have an HSBC credit card:

    • You get an added layer of security for the online purchases. The online purchase will be password protected.
    • You will have password protection. A personal message will add another layer of protection to top off your password.
    • You will have a secure key and CVV number.

    HSBC Credit Card – Eligibility

    You will have to meet the following eligibility criteria to avail an HSBC credit card:

    • Minimum age of 21 years and the maximum age to apply is 65 years.
    • You must be a professional or a salaries applicant who has worked for at least 2 years.
    • If you are self-employed, you must be running a profitable business and it must have been in operation for at least 3 years.
    • You must reside within the serviceable area, the list is provided on the official HSBC Bank website.
    • You must have a residential landline telephone.
    • The income requirement is as follows:
      • Red MasterCard: P200,000
      • Gold Visa: P200,000
      • Platinum Visa: P500,000
      • Advance Visa: Must have Advance bank deposit
      • Premier MasterCard: Must have Premier bank deposit
      • Gold MasterCard: NA

    HSBC Credit Card Requirements

    Following are the documents that you are required to submit along with your application form:

    • ID Proof: Driver’s license, voter’s ID, passport, or Senior citizen card.
    • Residence proof: Water bill, electricity bill, landline phone bill, mobile phone bill, bank statement, or credit card statements.
    • Income proof for salaried individuals: Latest ITR, Certificate of Compensation, Certificate of Employment, last 3 months payslips, or notice of salary increase.
    • Income proof for salaried individuals: Latest ITR, last 3 years financial statement, or copy of Business Registration along with a photo.

    Types of credit cards offered by HSBC

    Following are the various types of credit cards offered by HSBC:

    1. HSBC Red MasterCard:

    The features and benefits of this card are as follows:

    • This card offers EMV technology.
    • It offers Caltex rebate and rewards program with accelerated rewards.
    • You get to be a part of the home and away privilege program.
    • You can avail the HSBC card instalment plan.
    • In order to avail this card, the applicant must have another locally-issued primary credit card that has a good standing for at least 12 months.

    2. HSBC Gold Visa:

    This card serves up more rewards. The features and benefits of this card are as follows:

    • This card offers the contactless and EMV technology.
    • It offers rewards program with accelerated rewards and Caltex rebate.
    • You get to be a part of the home and away privilege program.
    • You can benefit from the HSBC card instalment plan.
    • In order to avail this card, the applicant must have another locally-issued primary credit card that has a good standing for at least 12 months.

    3. HSBC Platinum Visa:

    The features and benefits of this card are as follows:

    • This card offers EMV and contactless technology.
    • It offers rewards program with accelerated rewards along with Caltex rebate.
    • You become a part of the home and away privilege program.
    • You can benefit from the HSBC card instalment plan.
    • In order to avail this card, the applicant must have another locally-issued primary credit card that has a good standing for at least 12 months.

    4. HSBC Advance Visa:

    The features and benefits of this card are as follows:

    • This card offers contactless technology and EMV technology.
    • It offers rewards program and Caltex rebate. The rewards program are offered with accelerated rewards.
    • You become a part of the home and away privilege program.
    • You can benefit from the HSBC card instalment plan.
    • This card is meant only for Advance bank depositors.

    5. HSBC Premier MasterCard:

    The features and benefits of this card are as follows:

    • This card offers EMV technology and contactless technology.
    • It offers rewards program and Caltex rebate. Reward programs are offered with accelerated rewards.
    • You get to be a part of the home and away privilege program.
    • You can benefit from the HSBC card instalment plan.
    • This card is meant for Premier bank depositors.

    6. HSBC Gold MasterCard:

    This card is not available for the new customers. The features and benefits of this card are as follows:

    • You get to be a part of the home and away program.
    • You can transfer your balance from other credit cards.
    • You can avail the auto charge facility to pay your utility bills.
    • You can use the card to withdraw money from the ATMs.
    • You earn Caltex rebate.
    • You can convert your purchases to monthly instalments.
    • You can convert your balance to instalments.

    7. Supplementary cards

    You get supplementary cards for all types of credit cards. You will be charged annual fees for all the supplementary credit cards. The annual fee for Premier MasterCard is waived. If you want to apply for a supplementary credit card, you can go to the website and download the application form.

    HSBC Credit Card Rewards

    You earn the following rewards with your HSBC credit cards:

    • You get 3 bonus points on the card purchases made at restaurants, bars, bistros, department stores, apparel stores, accessories stores, etc.
    • You get 4 bonus points for P20 spent on overseas purchases made using the credit card.
    • You get 4 bonus points for P15 spent on your card for the online purchases.

    HSBC Credit Card Promo

    You can avail the following promotions with your HSBC credit cards:

    • You get 25% off on daily lunch buffet at Annabel’s restaurant. The offer is valid until 31st December, 2016. The timing for the buffet is 11:30am to 2pm.
    • You get buy 1 get 1 Shrimps and Ribs-regular worth R695 at Burgoo. The offer is valid until 31st December, 2016.
    • You get a free Molten Risotto Ball on a single receipt purchase of P1,000 at Chelsea Grand Café. The offer is valid until 31st December, 2016.
    • You get a free glass of iced tea when you avail brunch at Kitchen Dishes at Chelsea Kitchen from 11am to 3pm. The offer is valid until 31st December, 2016.
    • You get 30% off on a minimum single dine-in receipt of P3,000 at Ganso –Shabuway. The offer is valid until 31st December, 2016.
    • You get a free cupcake on a minimum spend of P500 at J. Cuppacakes. The offer is valid until 31st December, 2016.
    • You get 20% off on regular priced items on a minimum spend of P3,000. The offer is valid until 31st December, 2016.

    Fees and Charges

    Following are the various fees and charges that are applicable:

    Primary card annual fee
    • Red MasterCard: P1,200
    • Gold Visa: P2,500
    • Platinum Visa: P5,000
    • Advance Visa: P2,500
    • Premier MasterCard: Waived
    • Gold MasterCard: P1,200
    Supplementary card annual fee
    • Red MasterCard: P600
    • Gold Visa: P1,250
    • Platinum Visa: P2,500
    • Advance Visa: P1,250
    • Premier MasterCard: Waived
    • Gold MasterCard: P600
    Retail monthly effective interest rate
    • Red MasterCard: 3.5% per month
    • Gold Visa: 3.5% per month
    • Platinum Visa: 3.5% per month
    • Advance Visa: 3.2% per month
    • Premier MasterCard: 3.1% per month
    • Gold MasterCard: 3.5% per month
    Cash advance fee 3% of the amount withdrawn or P500, whichever is higher.
    Cash advance monthly effective rate inclusive of cash advance fee
    • Red MasterCard: 3.75% per month
    • Gold Visa: 3.75% per month
    • Platinum Visa: 3.75% per month
    • Advance Visa: 3.46% per month
    • Premier MasterCard: 3.36% per month
    • Gold MasterCard: 3.75% per month.
    Minimum amount due 4% of the current billed balance
    Over limit fee P500
    Late payment fee 7.5% of the minimum amount due or P600, whichever is higher.
    Returned cheque fee P1,000
    Card replacement fee P400
    Sales slip retrieval fee P275
    HSBC Instalment plan pre-termination processing fee P500 for each instalment plan transaction that is pre-terminated
    Service fee for foreign currency transaction 2.5% of the amount converted plus fee charged by Visa or MasterCard.

    How to apply for HSBC Bank credit card?

    You can apply for a credit card by visiting the nearest HSBC Bank branch. You can also apply for HSBC Bank credit card online. When you are applying for a credit card online, you can also find out if you pre-qualify for the credit card. You will have to fill out personal and employment information when applying for the card. You can also ask for a call back on the website. The bank representative will give you a callback and respond to your queries regarding the credit card.

    HSBC Credit Card Hotline

    You can reach the HSBC bank through the following ways:

    By Phone:

    02-85-800 or 02-976-8000 1-800-1-888-8555 (Toll free, available for PLDT users only) +632 976-8000 (Calls from Overseas location)

    By Email:

    hsbc@hsbc.com.ph

    Website: hsbc.com.ph

    By Mail:

    The Manager Customer Relations Unit 9/f HSBC Centre, 3058 Fifth Avenue West Bonifacio Global City, Taguig City 1634 Philippines

    FAQs about HSBC Credit Card

    1. Can HSBC Bank credit cards be used for instalment purchases?

      Yes, you can use your HSBC Bank credit cards for instalment purchases at participating merchants.

    2. What is the benefit of paying the entire amount due?

      If you are paying the total amount due, you will not be charged any interest.

    3. How can I inquire about the credit card balance?

      You can get your monthly balance via electronic statement, monthly Statement of Account, HSBC Bank online, and 24-hour customer contact centre at 1-800-1-888-8555.

    4. Will my credit limit be reduced if I choose the instalment program?

      Yes, you credit limit will be reduced by the amount of the purchase you converted to instalment.

    5. What are contactless credit cards?

      You needn’t swipe your credit card to pay for the purchase. You can simply tap the card at the designated contactless credit card payment terminal.

    6. How to report a lost or stolen card?

      If you have lost your HSBC Bank credit card, you must immediately call the 24-hour customer care centre and report that the card that has been stolen or lost. You can also request for a card replacement at the time of reporting it lost or stolen.


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