HSBC Credit Cards

A comparison of HSBC Credit Cards

Types of credit cards to compare from HSBC

From cards with no annual fee and low rates to platinum and business cards that offer competitive rewards programs, you can compare HSBC credit cards below:

They offer balance transfers promotional periods on other credit cards that can deliver further savings, too. HSBC has a strong presence in the premium end of the credit card market, with a range of platinum products to choose from. One such card gives you enrollment to the HSBC Rewards Plus Program, while the other platinum credit card lets you earn Qantas Points when you spend. The Premier World Mastercard rounds out their suit of products. This card is a step above platinum and delivers VIP treatment when you shop and when you play worldwide.

• No annual fee cards

No annual fee credit cards can be an efficient way to keep your card costs low. If you don't use your card regularly or just want to avoid standard fees, the HSBC Premier World Mastercard charges $0 annual fee for the life of the card. While no annual fee cards generally come with fewer extra features, the HSBC Premier World Mastercard offers a rewards program as well as travel and purchase protection insurance.

Learn more about No Annual Fee credit cards

• Platinum and rewards credit cards

Platinum credit cards offer cardholders rewards, complimentary insurance, a personal concierge service, exclusive deals and other features that help cardholders get extra value from their card. HSBC offers two platinum products, the HSBC Platinum Credit Card and the HSBC Platinum Qantas Frequent Flyer credit card. The major difference between these two cards is the choice of rewards program. Frequent flyers may prefer to earn Qantas Points with the Platinum Qantas product, while reward seekers who want more flexibility would benefit from the HSBC Rewards Program that comes with the Platinum card. Both cards allow you to earn points on purchases which you can redeem for a variety of rewards including flights, gift cards, travel packages, merchandise and more.

Learn more about Rewards credit cards

• Premium credit cards

The HSBC Premier World Mastercard is a premium product that offers cardholders more value for their money. This product gives you the choice of earning frequent flyer points with the HSBC Qantas Program or earning HSBC Reward points when you spend. Cardholders can also take advantage of a low balance transfer offer and complimentary insurance covers with no annual fee.

Learn more about Premium credit cards

• Corporate credit cards

Corporate credit cards are designed to help businesses manage their expenses. These cards achieve this by offering benefits such as multiple cards with individual spend limits, travel insurances to cover business trips and easy online management to keep your business spending in check. All of this and more is offered by the HSBC Corporate Card. The HSBC card allows you to classify spend limits by departments and business units, offers complimentary travel insurance and comes with simplified expense management and detailed reporting systems.

Learn more about Corporate credit cards

The benefits of banking with HSBC

• Visa & Mastercard

HSBC offers both Visas and Mastercards. Both card types offer a number of benefits, including:

• • Protection from fraud. If you’re the victim of credit card fraud while using the Visa and Mastercard payment networks, online or over the counter, you’ll get a full reimbursement.
  • Worldwide access. Visa and Mastercard credit cards are accepted at millions merchants and ATMs all over the world. Just look for the relevant logo at the point of sale or ATM.
  • Contactless payments. Whether you're using Visa payWave or Mastercard PayPass, you can make contactless payments of up to $100 without entering your PIN.

• A convenient online banking experience

As a HSBC customer, you can manage your account, view recent transactions and make payments through their online banking facility.

• The Home&Away Privilege Program

As a HSBC cardholder, you get access to the HSBC Home&Away Privilege Program. This program gives you a range of discounts at shops, restaurants, and accommodation all over the world.

• Transfer reward points for frequent flyer points

The HSBC Premier World Mastercard allows you to transfer reward points for Singapore Airlines KrisFlyer, AsiaMiles and Velocity frequent flyer points. The transfer rate is 2 reward points for 1 frequent flyer point. You can also earn 1 Velocity point for every 2 reward points with the HSBC Platinum Credit Card. The transfer amounts you can choose from are 5,000 and 10,000 reward points.

How to apply for a HSBC credit card

If you've compared your options and decided you want to apply for a HSBC credit card, you can do so by clicking 'Go to Site' from the review pages or comparison tables on finder.com.au. It is a simple application process and shouldn't take more than 10 to 15 minutes. However, make sure that you meet the eligibility requirements and organise the necessary documents and information to improve your chances of approval.

The eligibility requirements and specific necessary documents may vary from card to card, but you can expect to be asked about the following.

Information needed for a HSBC credit card application

• Personal information. This includes your current home address and previous home address if you’ve recently moved.
• Residential status. While HSBC offers credit cards to non-temporary residents, however, you may need to speak to a HSBC representative directly if you wish to apply as a non-resident.
• Employer’s details. You will be asked to provide your employer’s contact details. If you’re self-employed you may also be asked to provide your accountant’s contact information.
• Financial information. The online application requires you to detail your financial situation. This includes information about your income, expenses, assets and liabilities. You may be required to confirm whether or not you have a mortgage or any dependent children and provide details regarding your savings and whether you get any income from assets such as shares or property.

Frequently asked questions about HSBC credit cards

• How do I get my PIN and how do I change it?

  When you apply for a HSBC credit card, your PIN will be issued with the card. Your PIN will arrive in a separate envelope for safety reasons. Once you activate your credit card, you can use the PIN to make purchases and withdraw cash.

  If you want to change your PIN for any reason, you can do this by visiting a HSBC branch. It only takes a minute or two to complete the process of setting up a new PIN.

• How do I get interest-free credit with HSBC?

  HSBC have agreements with more than 1,000 participating merchants that may allow you to get extended interest-free finance. Get the items you want and pay back the balance over a period of 3 to 60 months without paying any interest. You need to set up an interest-free finance agreement with the merchant if you want to make use of this feature. Please note that interest-free finance is different to the interest-free days feature on HSBC credit cards.

• What’s the minimum repayment on my HSBC credit card?

  You'll need to pay a minimum repayment of 3% or $30 for Low Rate cards and 3% or $20 (whichever is greater) for all other HSBC credit cards by the date listed on your statement each month.

• How do I apply for a HSBC balance transfer?

  If you want to take advantage of the balance transfer promotion available with HSBC credit cards, generally, you need to be a new customer applying for the credit card. You can elect to conduct a balance transfer from a non-HSBC credit card, store card or charge card while you're completing your application. Make sure that you include the name of your financial institution, the amount you want to transfer and details of the account. Please note that a 2% balance transfer fee applies to any balances transferred to a Low Rate credit card.

• How much can I transfer to my HSBC credit card?

  You can balance transfer up to 90% of your approved credit limit.

• How do I earn Qantas Points with my HSBC credit card?

  The HSBC Platinum Qantas Credit Card allows you to earn Qantas Points on purchases. As well as a bonus points offer on sign up, you'll earn 1 Qantas Point per $1 spent on all eligible purchases. This excludes interest-free promotions, balance transfers, business expenses, cash advances, fees or charges, any disputed transactions, BPAY payments and any government fee or charge.

  When you apply for the HSBC Platinum Qantas credit card, make sure you link your card with your Qantas Frequent Flyer account to start earning points. If you haven't already signed up to the Qantas loyalty program, you'll receive free membership when you sign up through HSBC.

• Do BPAY payments earn reward points?

  BPAY payments do not earn reward points. Eligible purchases exclude interest-free promotions, balance transfers, business expenses, cash advances, fees or charges, any disputed transactions, BPAY payments and any government fee or charge.