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HSBC Corporate Card

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Enjoy flexibility and control with individual spend limits, management features and multiple billing and statement options.

The HSBC Corporate Card gives established businesses easy means to manage expenses across their employee base. It comes with detailed information surrounding business expenses, both, at an individual cardholder and consolidated levels. What also helps is the ability to set individual spending limits for employees as per business requirements.

19.99% p.a.

Purchase rate

$129 p.a.

Annual fee

55 days

Interest free period

Details

Product NameHSBC Corporate Card
Balance Transfer Revert RateCash Advance Rate (21.99% p.a.)
Purchase rate (p.a.)19.99% p.a.
Annual fee$129 p.a.
Interest free period55 days
Cash advance rate (p.a.)21.99% p.a.
Min credit limit$6,000
Card typeVisa
Complimentary travel insuranceYes
Minimum age18 years of age
Available to temporary residentsNo
Joint applicationNo

Pros

  • Complimentary insurance covers
  • Provides access to detailed reporting through Visa IntelliLink
  • 24-hour toll-free telephone support service

Cons

  • Its cash advance rate of 21.99% p.a. is relatively high
  • Charges a late payment fee of $30
Annual fee$129 p.a.
Minimum monthly repayment3% of the closing balance or $20, whichever is greater
Late payment fee$30
Additional cardholder fee$0

Expert review

Sally McMullen

Review by


Sally McMullen is a creative content producer at Finder, co-hosts our Pocket Money podcast and wrote about credit cards for almost five years. Her byline can be spotted on Yahoo Finance, Dynamic Business, Financy and Mamamia as well as Music Feeds and Rolling Stone. She has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.

Expert review

If you’re looking for a corporate credit card solution that allows you to set individual spending limits for your employees, you can consider taking a look at what this card has to offer. Detailed online reporting simplifies the analysis of aspects like employee spending as well as spending based on other parameters.

How to apply

You can get in touch with an HSBC Commercial Banking expert over the phone or by completing a simple online form. If you wish to submit your enquiry online, take into account that HSBC Commercial Banking designs its products and services to meet the requirements of established businesses that have a minimum annual turnovers of three million dollars.

Eligibility criteria

  • Residency. You are an Australian citizen or permanent Australian resident.
  • Credit history. You'll need to have a good credit history with no evidence of bankruptcy.

Card benefits

  • Spend control. What sets this corporate credit card apart from many others is that while it enables you to set spending limits at individual employee levels, you can also do so as departmental and business unit levels. This gives you greater flexibility when it comes to setting financial control parameters.
  • Management of expenses. This corporate Visa card gives you online access to detailed reporting through Visa IntelliLink. Through this, you can look forward to analysing spending based on categories like employees, merchants, and suppliers. You can interface IntelliLink with existing systems and look forward to even more efficiency.

Rates & fees

  • Annual fee. This card charges an annual fee of $129.
  • Purchase rate. Purchases you make with this card attract an interest rate of 19.99%

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