Balance transfers, low fees and premium rewards. Learn about credit cards from HSBC, an award winning international bank
There are over 100 million HSBC customers in almost 100 different countries, so they are sure to speak your language if you want value from your credit card. Recent years have seen HSBC take a swathe of awards for best transactor credit card and best online banking system.
HSBC credit cards are simple to use and packed with features. They offer credit cards that can save you money, or credit cards that give you the best in VIP treatment. Read our page on HSBC credit cards and compare their products to find out why the industry has awarded HSBC top marks for their credit cards and banking services.
Some of the awards HSBC have received in recent years include:
- Best Internet banking Initiative of the Year: 2014 Asian Banker International Excellence in Retail Financial Services Awards
- Best Transactor Credit Card: 2012 Money Magazine Best of the Best Awards
- Best Transactor Credit Card: 2011 Money Magazine Best of the Best Awards
- Banking Website Online Offering of the Year: Australian Banking & Finance Awards
- Best Consumer Internet Bank: 2006 Global Finance Awards
HSBC Credit Card Offer
The HSBC Credit Card offers one of the lowest interest balance transfer offers in the market, with the benefit of never having to pay an annual fee. You can also benefit from gaining access to the HSBC Home&Away rewards program giving you discounts on holidays, shopping, travel and more.
- $0 p.a. annual fee
- 17.99% p.a. on purchases
- 0% p.a. for 6 months on balance transfers
- Cash Advance Rate of 21.99% p.a.
- Up to 55 days interest free
- Minimum Income Requirement of $20,000 p.a.
A comparison of HSBC Credit CardsRates last updated January 30th, 2015
Compare a range of HSBC Savings AccountsRates last updated January 30th, 2015
Types of Credit cards to compare from HSBC
If you want value for money, or a credit card that gives you a truly rewarding experience, you can compare your credit card options from HSBC.
The HSBC Credit Card is a leading product in the no annual fee category. 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
The HSBC Credit Card is an award-winning product. Money Magazine have recognised this product two years running in their ‘Best of the Best’ awards. People who pay their balance off at the end of the month will find a lot to like about this card. Save money with interest-free days, a balance transfer offer, no annual fee and special deals and discounts through the HSBC Home&Away Privilege Program.
- Platinum & Rewards Credit Cards
Platinum credit cards give you rewards, insurance, a personal concierge service and special deals at businesses in Australia and around the world. HSBC offer two platinum products: The HSBC Platinum Credit Card and the HSBC Platinum Qantas Frequent Flyer Credit Card. The main difference between these two cards is the rewards program.
Frequent Flyers may find the prospect of earning Qantas Points a more lucrative offering, while the HSBC Rewards Plus Program offers hundreds of ways to use your HSBC Rewards Points. You can also transfer your HSBC Rewards Points to selected frequent flyer programs.
- Premium Credit Cards
The HSBC Premier World MasterCard goes one extra than the HSBC platinum range of credit cards. It’s the type of credit card that can help you secure personal styling at a leading fashion boutique or give you an afternoon to play 18 holes at some of the world’s most exclusive golf courses.This product gives you the choice of earning frequent flyer points with the HSBC Qantas Program or earning HSBC Rewards Points when you spend. Whichever program you choose, the points you earn when you spend are only a small part of the rewarding experience of this card.
The benefits of banking with HSBC
- Visa & MasterCard
HSBC offers both Visas and MasterCards. For example, the HSBC Credit Card is a Visa while their Premier Card is a MasterCard. Both card schemes 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.
- An award-winning online banking experience
As an HSBC customer, you can manage your account, view recent transactions and make payments through their online banking facility. The HSBC internet banking platform has been recognised by a number of different publications and institutions as a leading account management tool. This online facility provides customers with a fast and easy way to open new accounts online, including credit cards, savings accounts, transaction accounts and online share trading and foreign currency accounts anywhere in the world, 24 hours a day.
- The Home&Away Privilege Program
As an 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. You don’t need to do anything extra, you just need to have an HSBC credit card.
How to apply for an HSBC credit card
There are some basic eligibility requirements if you want to apply for a HSBC credit card. For example, you must have a good credit history and you have to be over the age of 18. Unlike other credit card providing financial institutions, HSBC do offer 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.
Information needed for an HSBC credit card application
You can apply for an HSBC credit card online by clicking ‘Go to Site’ from any of the review pages or comparison tables on finder.com.au. You need the following information about yourself and your financial situation if you want to apply for an HBSC credit card.
- Personal information. This includes your current home address and previous home address if you’ve recently moved.
- 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. Things like whether you have a mortgage, any dependent children, your savings and whether you get any income from assets like shares or property may be required.
Frequently asked questions
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 a number of 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 six, nine or 12 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.
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?
If you’re carrying a balance on your HSBC credit card, there’s a minimum amount you need to pay back each month to stop your account from going into default. The minimum monthly repayment is a percentage of your total outstanding balance.
The minimum repayment is listed on our HSBC credit card review and application pages.
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 elect to transfer a balance from a non-HSBC credit card, store card or charge card within the online application. Enter the name of your financial institution, the amount you want to transfer and details of the account. If you’re approved for the credit card, you’re generally approved to transfer the balance to the account too.
A balance transfer is automatic. Once you activate the credit card, the balance will be automatically transferred by HSBC.
How much can I transfer to my HSBC credit card?
The maximum amount you can transfer to a HSBC credit card is based on your credit limit. HSBC allow you to use up to your available credit limit towards a balance transfer. For example, if you’re approved for a credit card with a limit of $10,000 you can transfer up to $10,000 from multiple other credit cards, store cards or charge cards.
How do I earn Qantas Points with my HSBC credit card?
If you want to get rewarded with Qantas Points when you spend on your HSBC credit card. Pick a product that’s linked to the Qantas frequent flyer program.
Points are awarded for eligible purchases only. Think of an eligible purchase as your everyday type of transaction, like paying for groceries or paying for petrol.
Cash transactions are ineligible to earn Qantas Points. A cash transaction is a transaction like a cash advance, paying a government or credit card fee or charge or using your credit card to pay for business expenses. Have a look at the terms and conditions for a specific list of transactions that are ineligible to earn Qantas Points.
What is the HSBC Home&Away Privilege Program?
The Home&Away Privilege Program is provides special benefits to HSBC card holders. By becoming a HSBC card holder you get access to special discounts when you shop at HSBC program partners, discounts on accommodation and special deals at selected restaurants.
As the name suggests, these benefits extend to international as well as domestic merchants. The benefits of a HSBC credit card are available no matter where you are in the world. Enrollment in the HSBC Home&Away Privilege Program is automatic when you’re approved for a HSBC credit card.