HSBC Corporate Card

Manage your businesses spending and cash flow with real-time reporting features and interest-free days for purchases.

The HSBC Corporate Card is designed to help large businesses track and manage spending across different departments, with multiple cards for employees, customisable spending limits and real-time data on transactions. It also offers up to 55 days interest-free on purchases and worldwide acceptance through the Mastercard network.

Amy Bradney-George

Last Updated Aug 14, 2020

55 days

Interest free period

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Details

Product Name	HSBC Corporate Card
Purchase rate	0% p.a.
Annual fee
Interest-free period	Up to 55 days on purchases
Card type	Mastercard
Foreign currency conversion fee	3%

Available to temporary residents	No
Joint application	No

Pros

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

Cons

Charges a foreign transaction fee of 3%

Bonus points	N/A

Annual fee
Foreign currency conversion fee	3%

Review by

Amy Bradney-George

amy.bradney-george@finder.com

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The HSBC Corporate Card account allows you to set individual spending limits and transaction restrictions for your employees, as well as approved suppliers. It also offers detailed, real-time reporting insights and zero corporate liability against misuse by cardholders. Unfortunately, HSBC does not list specific rates or fees for this card. Instead, it says to contact your HSBC Relationship Manager or fill in a contact form on the HSBC website.

This corporate account offers worldwide acceptance through the Mastercard network, as well as entertainment, dining, travel and shopping offers through Mastercard Priceless Cities. If you need to travel for work, you can also get access to travel insurance protection through this account.

How to apply

If you want to get the HSBC Corporate Card for your business, you can start the application process by filling in a contact request form on the HSBC Commercial Banking website. Alternatively, you can call HSBC Commercial Banking on 1300 300 437. You can get ready for the application by preparing the following documents and details.

Required documents

Personal information. The person applying on behalf of your business will need to provide their your full name, date of birth and contact details. Additional cardholders will also have to provide some basic personal details to make sure they are eligible for a card.
Business information. This includes your business's name, email address, length of time operating in Australia, main state or territory for operations and the country of incorporation.

Finances. You'll need to provide details of the annual turnover for your business and may be asked for estimates of your typical expenditure.

Card benefits

Spending control. Set permanent and temporary spending limits for each card linked to the account. You can also manage card and PIN replacements or temporary cancellations in real time through HSBC's MiVision online portal.
Billing flexibility. This account lets you choose when your statements are issued and nominate a specific payment date (within the defined billing cycle).

Security. Get the protection of fraud detection software for this account, as well as zero liability for misuse (underwritten by Allianz).
Custom reports. The online portal for this account allows you to set up customised widgets that give you an overview of different account activities. You can also create transaction reports with over 200 data elements and access up to 7 years worth of historical data.
Mastercard benefits. Enjoy worldwide acceptance through the Mastercard network, as well as exclusive offers on entertainment, dining, travel and other shopping options through Priceless Cities.
Travel insurance. This account offers protection against a range of unexpected travel costs, including accidents, delays, loss of luggage, loss of travel documents, car rental collision damage and emergency medical assistance. Make sure you read the policy documents provided for full details of when the cover applies and who is covered.

Rates & fees

Interest-free days. The HSBC Corporate Card offers up to 55 days interest-free on purchases.
Foreign transaction fee. This card charges a foreign transaction fee of 3% of the transaction value.

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HSBC Corporate Card