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HSBC Credit Cards are
certainly rising in popularity. In this article we take a look at what makes
this card to sought after.
There are various
HSBC credit card options, so the chance of you finding one that suits you
perfectly is quite high. So without delaying things, let’s take a look at what
HSBC offers and how each card can benefit you.
HSBC Cards
First of all, to
apply for a card is simple. Visit the HSBC website, fill the form and click
submit. For all cards you can know the decision in as little as 60 seconds.
General Benefits
Although there are individual card
benefits, the general ones that apply to all cards are as follows:
- Pay your bill and manage your account
online for no extra charge
- Travel Assistance Services
- Fraud protection and zero liability
for unauthorized transactions
- There are extended warranties and
purchase protection options available
- Emergency card replacement and cash
advances if your card is ever lost or stolen
- Roadside service in the form of
Master RoadAssist®
- MasterRental® Insurance Coverage
Now let’s look at the
individual cards.
First up we have the
HSBC Platinum MasterCard® with Cash Back.
The main selling
point of this card is the unlimited Cashback with no spending requirements. So
basically you could spend your rewards how you want and you can earn as much as
you want.
Main Benefits
- No annual fee, which is always a good
benefit
- 0% introductory APR on balance
transfers for 12 months
- Earn 1% cash back on every purchase
- No earnings caps whatsoever – earn
based on your spend forever
- No spending requirements either
- Begin redeeming from as low as $25
increments
- 0% introductory APR on balance
transfers for 12 months
On the HSBC website the individual cards
do not list their APRs for cash and purchases, but the fine print explains why.
APRs can range from 11.49% - 20.49% and when you apply, a rate and card would be
given to you based on your credit profile.
HSBC
Platinum MasterCard® with Cash or Fly Rewards
This card
promises that you can fly anywhere on just about any airline and the main three
benefits are:
- For every dollar spent you’ll earn 1
point
- Start redeeming rewards with as
little as 7,500 points.
- 25,000 points equal a domestic
roundtrip airfare with a maximum dollar value of $400.
HSBC
Platinum MasterCard®
This is a very
simple card which in addition to the general benefits listed before offers no
annual fee and a 0% introductory APR on purchases and balance transfers for 6
months.
HSBC
Platinum MasterCard®
This is
another simple card. With this HSBC credit card you can look forward to a
maximum processing fee of $49 and a maximum annual fee of $79.
Bringing up
the rear is the HSBC
Platinum Secured MasterCard®.
Compared to
some of the secured credit cards on the market, this card has some pretty nice
benefits. Firstly there is no processing fee. The annual fee is just $35 and
you can begin with as little as a $300 deposit.
When shopping
for credit cards, you should always evaluate the entire market and
compare different credit cards.
There are many
other cards with equally and superior benefits to choose from. When looking
around you can see what is on offer in the following categories:
So go ahead,
compare different credit cards and make sure the card you finally decide upon is
the one that best suits your needs and gives you maximum benefits.
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