HSBC Bank Credit Card

The Hong Kong and Shanghai Banking Corporation (HSBC) offers a range of credit cards for its customers to choose from. The cards come with great reward points, privileges and benefits and can be redeemed for attractive products and services. Let us take a look at the various types of cards on offer currently with the bank.

HSBC Visa Platinum Card – the card gives a host of privileges and benefits to the cardholder and comes with no annual fee. The features and benefits of the card are as follows:

• 10% cash back if a minimum of Rs.10, 000 is spent on the card within the first 90 days of card issuance subject to a maximum cash back of Rs.3000
• 3 times the reward points on dining, hotels and telecom within first 12 months of card issuance
• 2 reward points for every Rs.150 spent on the card which can be redeemed against a host of products and services
• Reward points are valid for 3 years for HSBC visa platinum credit card.
• Extra reward points on shopping at EXTRA partner outlets
• 5 times the reward points if there has been a total spending of Rs.4 lakhs on the HSBC bank platinum credit card in a year up to a maximum of 10 lakhs
• The reward points can be converted to air miles with Jet Airways and Singapore Airlines
• A free movie voucher worth Rs.500 if there has been a spending of Rs.50, 000 on the card in one calendar month. The maximum worth of vouchers in any year cannot exceed Rs.3000
• Fuel Surcharge Waiver up to a maximum of Rs.250 per month on transaction ranging from Rs.400-Rs.4000
• 20% discount on dining at select outlets at major cities
• Zero lost card liability for up to Rs.3 lakhs
• 24*7 access to complimentary Visa Concierge Service
• Other services include cash advance, additional credit cards, global access, online ease of transaction, 24*7 customer assistance through phone banking and emergency card replacement

Eligibility

The following eligibility criteria should be met by any individual seeking the credit cards from HSBC bank:
 

• The applicant should be at least 21 years of age
•  The annual income of the applicant must be a minimum of 5 lakhs

A card which promises a privileged lifestyle by offering a variety of privileges and benefits at no annual fee. The benefits of HSBC Credit Cards include the following:
 

• A complimentary Priority Pass Membership which allows the cardholder access to over 600 airport lounges all across the world. The membership allows a maximum of two free lounge accesses in a year.
• MasterCard lounge access to the cardholder across international and domestic lounges of all major domestic airports within the country. A maximum of 6 lounges accesses per quarter per cardholder are allowed free.
• A complimentary Golf Free Card membership giving a discount in the green fee and allowing access to selected premium golf courses in India and above 2000 golf courses in 102 countries across the world.
• Complimentary golf access to 8 clubs across India with 2 free games per month and a maximum of 5 free games per calendar year
• 50% cash back on movie tickets at PVR cinemas up to a maximum of Rs.500 per month on paying with the MasterCard Premier Credit card
• 2 reward points on every Rs.100 spent on the credit cards which can be redeemed against dining, lifestyle, or air miles.
• The reward points can be converted to air miles with Jet Airways and Singapore Airlines
• Fuel Surcharge Waiver on transaction ranging from Rs.400-Rs.4000 across any fuel station in India
• HSBC offers premium privileges on dining, shopping, movie and entertainment and travelling
• In case of a lost card, the bank immediately blocks the card and offers a replacement the next day

Eligibility

The following eligibility criteria should be met by any individual seeking the credit cards:
 

• The applicant should be at least 21 years of age
•  The annual income of the applicant must be a minimum of 5 lakhs
• The card is offered to Premier customers of the bank who maintain at least a quarterly total relationship balance of Rs.25 lakhs

A credit card for advance banking customers with no annual fee. The features and benefits of the card are as follows:
 

• The card allows the facility of accessing instant cash all across the world
• In case of loss of card, get an emergency card replacement within 3 working days
• 2 reward points on every Rs.150 spent on the card
• 10% cash back up to a maximum of Rs.3000 if there has been a minimum spending of Rs.10, 000 on the card within 90 days of issuance
• 3 times the reward points on online spending within the first 24 calendar months after the card is issued
• The reward points are valid for 3 years after which they expire
• If there has been an aggregate spending of minimum 4 lakhs up to a maximum of 10 lakhs on the card in any calendar year, the customer can avail 5 times the Reward points on any subsequent card usage
• If the customer becomes eligible for the 5 times reward points offer, the 3 times reward points offer will become invalid
• A free movie voucher worth Rs.500 if there has been a spending of Rs.50, 000 on the card in one calendar month. The maximum worth of vouchers in any year cannot exceed Rs.3000
• Fuel Surcharge Waiver up to a maximum of Rs.250 per month on transaction ranging from Rs.400-Rs.4000
• Up to 20% discount on dining at select outlets at major cities
• The reward points can be converted to air miles with Jet Airways and Singapore Airlines
• 24*7 complimentary access to Visa concierge service
• Zero lost card liability on the card
• Protection against online fraud with coverage up to Rs.3 lakhs
• Other credit card features include internet banking, EMI options, balance transfer, loan on phone, etc.
•  Instant cash access across ATMs all over the world
• Availability of 3 additional cards for the family

Eligibility

The following eligibility criteria should be met by any individual seeking thecredit cards:
 

• The applicant should be at least 21 years of age
• The net monthly income of the applicant must be a minimum of  Rs.50,000
• The customer must have a HSBC Advance account with the bank

A travel related credit card issued by HSBC in association with MakeMyTrip. The features and benefits of credit cards are as follows:
 

• MakeMyTrip discount vouchers worth Rs.8500 including Rs.1000 voucher on International return flights, Rs.1000 voucher on 4 start plus properties, Rs.2500 voucher on domestic holidays, Rs.4500 vouchers on international holidays and 7 Indigo vouchers worth Rs.500 each which are redeemable on the total fare
• 10 reward points on every Rs.100 spent on the MakeMyTrip website and 4 reward points on Rs.100 spent elsewhere which can be redeemed on the total fare of flight tickets
• An accelerated reward program with 15 Turbo Reward points on every Rs.100 spent in excess of Rs.50, 000 spent on MakeMyTrip.com
• 2 additional domestic flight tickets and 10, 000 bonus reward points as membership anniversary gifts if the total spending on the card exceeds Rs.4 lakhs in the first year.
• Complimentary lounge access across airports which also include gourmet meal, comfortable seating, free Wi-Fi, bar services and widescreen TV in India
• Fuel Surcharge Waiver up to a maximum of Rs.250 per month on transaction ranging from Rs.400-Rs.4000
• Up to 20% discount on dining at select outlets at major cities
• Zero lost card liability for up to Rs.3 lakhs
• Other credit card features include internet banking, EMI options, balance transfer, loan on phone, etc.
• 24*7 complimentary access to Visa concierge service
• The annual fee for the credit card is Rs.3499

Eligibility
 

The following eligibility criteria should be met by any individual seeking the credit cards:
 

• The applicant should be at least 21 years of age
•  The annual income of the applicant must be a minimum of 5 lakhs

Another travel related credit cards issued by HSBC in association with MakeMyTrip. The features and benefits of the card are as follows:
 

• MakeMyTrip discount vouchers worth Rs.5500 including Rs.750 voucher on International return flights, Rs.750 voucher on 4 start plus properties, Rs.1500 voucher on domestic holidays, Rs.2500 vouchers on international holidays and 2 Indigo vouchers worth Rs.500 each which are redeemable on the total fare

• The annual fee of Rs.499 is waived off for the first year and is applicable from the second year onwards
• 5 reward points on every Rs.100 spent on the MakeMyTrip website and 1.5 reward points on Rs.100 spent elsewhere which can be redeemed on a range of vouchers including MakeMyTrip vouchers
• 1 domestic flight ticket voucheras membership anniversary gift if the total spending on the card exceeds Rs.1 lakh in the first year.
• Fuel Surcharge Waiver up to a maximum of Rs.250 per month on transaction ranging from Rs.400-Rs.4000
• Up to 20% discount on dining at select outlets at major cities
• Zero lost card liability for up to Rs.3 lakhs
• Other credit card features include internet banking, EMI options, balance transfer, loan on phone, etc.
• 24*7 complimentary access to Visa concierge service

Eligibility
 

The following eligibility criteria should be met by any individual seeking the credit cards:
 

• The applicant should be at least 21 years of age
•  The annual income of the applicant must be a minimum of 4 lakhs.

An individual can apply for an HSBC credit card in various ways like online or by visiting the branch or through a 24*7 phone service.

In keeping with the rising trend of online transactions, the application for a credit card can be done online through the website. The process is simple:

Visit the website @ Paisabazar.com– fill up the necessary details

After the necessary analysis the bank will issue card. So, the customer does not have to engage in useless hassles to avail a credit card. He or she simply needs to log in to the bank’s website, choose the relevant tab, fill up the asked details, supply the necessary documentation and the card is granted.

On the online application page, you would have to provide necessary personal information as required by the application form. Such information includes demographic data like age, residential and office address, income level etc. Though no supporting documents are required at the time of applying, they will be required later, when your application is forwarded to the credit card issuer. Your new credit card is issued only after you have met various qualifying criteria and the documentation verification has been completed.

The customer can also choose the option of ‘Click 2 Call’ available on the bank’s website. On choosing the option, a separate page opens where the customer is asked to adhere to the terms and conditions of the bank and provide his or her contact number. The sales executive of the bank will later call the prospective customer to know about his requirements and guide him through the application process.

The HSBC bank offers the facility of phone banking which is available 24*7. The customer can send an SMS to the bank with the intention of applying for a HSBC credit card with all the relevant details and the bank will call back the customer with the required assistance on the application process.
 

• Application Status - if the customer wants to check the status of the card application, the bank also helps in providing the relevant facility. For checking the status, the applicant simply needs to visit the bank’s website and check the status online. The 24 hour HSBC bank’s phone helpline can also be contacted to know the status of the card.
• Credit card statement – the bank sends the credit card statement to the customer via an email every billing cycle which contains the list of transactions carried out per cycle and the amount required to be paid to the bank to settle the credit card debt. The statement is sent every month free of cost. In case the customer does not receive the statement, he or she can log into the bank’s website and check the statement by entering their credit card details or call at the banks phone helpline number and request for a statement.
• Online payment – customers can pay their credit card bills online through net banking facility provided by the bank. The various methods of online payment of thecredit cards bill are internet banking, NEFT 9National Electronic Fund Transfer), Bill Desk, Visa Money Transfer, ECS (Electronic Clearing System – a process used by those customers who do not have an existing account with HSBC Bank.)
• Other Payment methods – the customer can pay thecredit cards bill by other methods also like drawing a cheque or a draft and depositing it in the branch, issuing a Standing Instruction to HSBC to deduct the relevant amount as and when the bill falls due (this facility is for customers with existing accounts in HSBC), drop boxes, phone banking, through ATMs and over the counter at any HSBC branch office
• Customer care – the bank has a systematic approach to deal with customer queries. One can call, write, email or message the bank with his or her queries and their problems will be solved within 10 working days.

HSBC Credit card payments can be made in 12 effective ways and they are:-
 

• Internet banking:The online payment of credit cards can be done by logging on to the HSBC personal loan banking.
   
• HSBC mobile banking: If the customer is on move he can pay his credit card bills through mobile banking but he is required to be registered for Internet banking to avail this facility.
   
• National Electronic fund transfer: The payment for the credit card can be made through NEFT, the customer is required to mention the 16 digit credit card number and the IFSC code of the bank.
   
• Bill desk: HSBC credit card bills can be paid through online bill payment from any other bank account through bill payment service. The credit card payment can be made by transferring money from any bank account by using billdesk facility.
   
• Visa money transfer:The money can be transferred from the bank account to HSBC Visa credit card online by using Visa Money Transfer.
   
• Standing Instructions: The standing instructions can be given to the bank to directly debit the HSBC savings or current account.
   
• Electronic clearing system: The customer authorizes HSBC to debit the other bank account for the payment of credit cards.
   
• Mail Cheque/Draft: The customer can mail the cheque or draft to the nearest branch. By logging on to the bank’s site the customer can locate the nearby branch.
   
• Drop boxes: The customer can drop the HSBC credit cards payment in the drop boxes located nearby.
   
• PhoneBanking: The customer can call the customer care and verify the PIN number and make the payment.
   
• Through ATM’s: The customer can deposit cash or cheque at the HSBC ATM’s in India.
   
• Over the counter: The customer can visit the HSBC branch in India and can make the cash or cheque payments for the HSBC credit cards.

The customer can now enjoy the benefits and freedom of filling up the fuel tank on their HSBC MakemytripCredit cards, Platinum credit cards and Premier Credit card absolutely free with the above cards without the need of carrying a lot of cash in pockets.
 

• The customer can save upto the 2.5% of surcharge at any pump and at any place.
• This offer is valid throughout the year.
• The fuel surcharge waiver is limited to Rs.250 per calendar year for the Primary card of HSBC MakemyTrip credit card, Gold and Platinum Card and Advance Platinum cards. And Rs.100 is waived per calendar year for Primary card for Classic Credit card.
• The transactions which are made eligible for surcharge waiver will not be earning any reward points.
• If fuel surcharge is debited for any transactions the same will be refunded back in the subsequent months.
• Service tax charged on fuel surcharge cannot be reversed as it is not under the jurisdiction of the HSBC bank.

The Online transactions on the HSBC Credit cards are secured for an additional security.

The online shopping is secured with a six digit One Time Password{OTP} to protect the online internet transactions in India. The customer gets the OTP immediately as he makes any online payments on his registered mobile number. The HSBC credit cards are accepted on all the major websites that accept Visa and Mastercard credit cards.

Internet Banking
 

The HSBC credit cards hold different importance for different people. It can mean spending quality time with their family by using internet banking facility that the HSBC credit cards offer for making online payments, transferring credit card payments or for online loan application.

• HSBC Credit cards are worldwide accepted and are designed to felicitate the living style of the customer. The products are so well designed that they are commendable. Be it in terms of shopping, dining, travelling and many more products they add an extra weightage to the bank’s portfolio.
• The customer can also visit the credit card section at the web site Paisabazar.com to compare HSBC credit cards and to know more about the following details of the credit card:-

1. Free credit facility up to the period of 52 days on the purchases made at the recognized outlets under the specific terms and conditions.
2. Rewards program and redemption of reward points can be known from visiting the site. The customer can call up the customer care or can redeem the points from the rewards catalogue against points available on the HSBC credit card.
3. Lost card liability and how to avoid the misuse of the credit card by the third person can be clarified properly from the site.
4. The transaction fees charged for all the transactions done by using the HSBC credit cards, interest fees charged for all the cash advances taken and the finance charges for all the outstanding of the amount not paid within the due date.

• The customer needs to be aware of the minimum amount due on his card from the monthly statement as sent to him on the registered address or through mails to avoid any late fine being charged on his card and also to avoid the transactions being declined for the non-payment of the amount due.

• The customer may choose to pay more than the minimum due if he wish to so.

• If the customer continues to pay only the minimum amount due on the credit card his repayment would extend till the total outstanding is not cleared. It is like if the customer has a payment due of Rs.5000 he will continue paying it for the next 9 years to clear his total outstanding on the card taken in consideration that he does not make any additional transactions with the card.
• The customer is required to pay the minimum amount due as on the due date , non-payment of which would attract the severe consequences such as:-
• The credit rating of the customer would be affected. As reported to the Credit Bureau –CIBIL.
• The other credit facilities offered by the HSBC bank will not be available for the defaulter customer.
• The HSBC bank can cancel the credit limit available to the customer and can assign the recovery agency for recovering the total outstanding.
• The HSBC bank will notify its customers about any change in its terms and condition of any product one month before its implication.
• The customer can visit the credit card section at the site Paisabazar.com for further details and enquiries about any products of the HSBC bank.

The rewards program is a great credit card offerings from HSBC that helps the customer to earn while they spend.
 

• The MMT signature credit card holders earn 15 reward points for every Rs.100 in excess of Rs.50000 which they spend at makemytrip in a year.
• HSBC Visa Platinum card holders will earn 5X reward points for all the subsequent transactions they do after they cross the limit of RS.400000 but up to a maximum of Rs.1000000 in a year.
• HSBC Advance Platinum cardholders will earn 5X reward points for every subsequent transaction done after Rs.400000 in a year and not above Rs.1000000 in a year.
• HSBC Gold credit cardholders will earn 1 point for every Rs.100 spent on their credit card.
• HSBC Platinum cardholders will earn 2 reward points for every transaction they make of RS.150.
• HSBC Premier Credit cardholders get 2 reward points for every purchase they make of RS.100 each.

The customers can redeem their reward points against the exciting redemption options available to them it includes garments, jewellery, cosmetics, gift vouchers, or vouchers for any retail outlets, airline miles or as donation to any charity fund.