HSBC Credit Card: Benefits and Types

HSBC Credit Card:

Are you looking for a credit card that offers various benefits and features to suit your financial needs? Look no further than HSBC credit cards. HSBC offers a range of credit cards that cater to different lifestyles and spending habits.

So in this article, we will explore the different types of HSBC cards, their benefits, and all aspects that make them a great choice for your financial needs.

HSBC Credit Card Overview:

HSBC is a global banking and financial institution that offers a range of products and services to its customers, including credit cards. HSBC cards are popular among consumers due to their rewards programs, exclusive deals, and travel benefits.

HSBC credit cards come with different features and benefits, allowing you to choose the one that best suits your needs.

Types of HSBC Cards

1) HSBC Visa Platinum Credit Card

The HSBC Visa Platinum Credit Card is designed for people who love to travel and enjoy dining out. The card offers exclusive deals and discounts at restaurants, hotels, and shopping outlets worldwide.

It also comes with a rewards program that lets you earn points for every dollar you spend, which can be redeemed for air miles, dining vouchers, and other rewards.

Joining fees : Nil
Annual fees : Nil
Cashback : 10% – up to ₹2,000, transactions made within first 30 days.
Reward Points: 2 points for every ₹150 spent.
Fuel surcharge: waiver
Air miles conversion on Inter Miles, British Airways and Singapore Airlines.
Discounts on movies, flights, restaurants and more.

2) HSBC Premier MasterCard Credit Card

The HSBC Premier MasterCard Credit Card is designed for HSBC Premier customers. The card offers a range of benefits, including access to airport lounges, travel insurance coverage, and discounts at luxury hotels worldwide.

It also comes with a rewards program that lets you earn points for every dollar you spend, which can be redeemed for air miles, dining vouchers, and other rewards.

Joining fees : Nil
Annual fees : Nil
Airport lounge access :
Reward points : 2 points for every ₹100 spent.
Fuel surcharge : waiver
Online fraud protection and lost card liability

3) HSBC Smart Value Credit Card

The HSBC Smart Value Credit Card is designed for people who love to shop and dine out. The card offers exclusive deals and discounts at over 1,000 dining and entertainment outlets in Singapore.

It also comes with a rewards program that lets you earn points for every dollar you spend, which can be redeemed for air miles, dining vouchers, and other rewards.

Joining fees : Nil
Annual fees : Nil
Cashback : 10% – up to ₹1,000.
Fuel surcharge : waiver
Complete your credit card application online & win a BookMyShow e-Gift voucher worth ₹250.

4) HSBC Cashback Credit Card

The HSBC Cashback Credit Card is designed for people who want to earn cashback on their daily expenses. The card offers up to 5% cashback on groceries, dining, and petrol expenses.

It also comes with a rewards program that lets you earn points for every dollar you spend, which can be redeemed for air miles, dining vouchers, and other rewards.

Enabled with VISA Paywave technology that allows contactless payments on your card, your globally accepted HSBC Cashback Card gives you unlimited cashback on all transactions.

Unlimited cashback on all your transactions
Cashback : 1.5% cashback on all online spends
1% on all other spends
Joining fees : Nil
Annual membership fees ₹750 will be reversed if your total annual spend exceeds ₹100,000

Benefits of HSBC Cards

HSBC credit cards come with a range of benefits that cater to different lifestyles and financial needs. Here are some of the benefits you can enjoy with an HSBC card:

a) Rewards Programs

HSBC credit cards come with rewards programs that let you earn points for every dollar you spend. These points can be redeemed for air miles, dining vouchers, and other rewards.

The rewards program varies depending on the type of HSBC card you have.

b) Exclusive Deals and Discounts

HSBC cards offer exclusive deals and discounts at restaurants, hotels, and shopping outlets worldwide. You can enjoy discounts on dining, shopping, and entertainment with your HSBC credit card.

c) Travel Benefits

HSBC cards offer a range of travel benefits, including access to airport lounges, travel insurance coverage, and discounts at luxury hotels worldwide. Some HSBC cards also offer air miles that can be redeemed for free flights or upgrades.

d) Cashback and Rebates

HSBC cards offer cashback and rebates on your daily expenses, such as groceries, dining, and petrol expenses. The HSBC Cashback Credit Card offers up to 5% cashback on these expenses.

e) Credit Limit Flexibility

HSBC cards offer credit limit flexibility, allowing you to increase or decrease your credit limit depending on your financial needs. You can also transfer your balance from other credit cards to an HSBC credit card and enjoy a lower interest rate.

How to Apply for an HSBC Credit Card

To apply for an HSBC credit card, you can visit the HSBC website and fill out an online application form. You will need to provide your personal and financial information, such as your income, employment details, and credit score. Once your application is approved, you will receive your HSBC card within 7 to 10 business days.

HSBC Credit Card Requirements

To be eligible for an HSBC credit card, you need to meet certain requirements, such as:

Be a Singapore citizen or permanent resident
Be at least 21 years old
Meet the minimum income requirements
Have a good credit score

Factors to Consider Before Applying

Before applying for an HSBC credit card, you should consider the following factors:

a) Annual Fees

Most of the HSBC credit cards come with zero annual fees in India. You should consider whether the annual fee is worth the benefits and rewards that come with the card.

b) Interest Rates

HSBC credit cards come with interest rates that vary depending on the type of card you have. You should consider the interest rate and how it will affect your monthly payments and overall debt.

c) Credit Limit

HSBC credit cards come with a credit limit that varies depending on your income and credit score. You should consider whether the credit limit is sufficient for your financial needs.

d) Eligibility Criteria

HSBC credit cards have eligibility criteria that you need to meet before you can apply for the card. You should consider whether you meet the eligibility criteria before applying for an HSBC credit card.

Conclusion

HSBC credit cards offer a range of benefits and features that cater to different lifestyles and financial needs. From rewards programs to exclusive deals and discounts, HSBC cards are a great choice for your financial needs.

Before applying for an HSBC credit card, you should consider the factors mentioned above to ensure that the card is suitable for your financial situation.

FAQs

Q. What is the minimum income requirement for an HSBC credit card?
⇝ The minimum income requirement varies depending on the type of HSBC credit card you are applying for. You can check the HSBC website for more information.

Q. How can I check my HSBC credit card balance?
⇝ You can check your HSBC credit card balance through the HSBC mobile app or online banking portal.

Q. Can I apply for an HSBC credit card if I have a bad credit score?
⇝ It may be difficult to get approved for an HSBC card with a bad credit score. You may want to consider improving your credit score before applying for a credit card.

Q. How do I redeem my HSBC credit card rewards?
⇝ You can redeem your HSBC credit card rewards through the HSBC mobile app or online banking portal.

Q. What should I do if my HSBC credit card is lost or stolen?
⇝ You should immediately report your lost or stolen HSBC credit card to HSBC customer service to prevent fraudulent charges on your account. HSBC will issue a new credit card for you to use.

Q. What credit score do you need for HSBC?
⇝ HSBC credit cards are best for people with good or excellent credit, credit score of 700 or higher. There are no HSBC credit cards for people with fair, limited or bad

Q. Do I need a 750 credit score?
⇝ As we mentioned above 700 score is enough for apply HSBC cards, So 750 credit score is really very good. As the better your credit score, you can apply for the higher cards.

Q. Are HSBC a good bank?
⇝ Yes! HSBC is a truly great and giant bank in the world. The bank was founded in 1865, at present it is operates in 74 countries and having more than 6,000 branches worldwide.

If HSBC Credit Card Lost:

If you lose your HSBC card or suspect that it has been stolen, you should take immediate action to protect your account and prevent fraudulent charges. Here are the steps you should take:

Report the lost or stolen card:
Contact HSBC customer service as soon as possible to report your lost or stolen credit card. You can call the number on the back of your card or visit the HSBC website to find the appropriate contact information.

HSBC will block your lost or stolen card and issue a new one for you to use.
HSBC customer care number: 1860 266 2667

Precautions are to be taken for HSBC credit card:

a) Monitor your account:
Keep a close eye on your account activity for any unauthorized charges or transactions. You can do this through the HSBC mobile app or online banking portal. If you notice any suspicious activity, report it to HSBC customer service immediately.

b) Update your automatic payments:
If you have any automatic payments set up with your credit card, such as for utilities or subscription services, you will need to update your payment information with your new card number.

c) Protect your personal information:
Be cautious of any emails or phone calls claiming to be from HSBC and asking for your personal or account information. HSBC will never ask you to provide this information over the phone or through email.

Additionally, make sure to keep your new credit card in a secure location and do not share your card information with anyone.

By taking these precautions, you can protect your HSBC card account and minimize the impact of a lost or stolen card.

We hope this article has helped you find your perfect credit card of HSBC. I think you got an answer of your question of “How to Choose the Right Credit Card?”. If you have any questions or feedback, please feel free to leave a comment below. Don’t forget to share with your loving one, for their reference.

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