Are you looking for an available credit card that comes with lots of rewards? Having such an asset cannot only help you have easy access to cash when you need it but also makes it all worthwhile.
HSBC Hong Kong is one of the market leaders when it comes to competitive offers. The red credit card they offer is packed with numerous features, including a welcome bonus of up to $800 and many other rewards. Furthermore, the application can be made 100% online, so it is surely worth checking it out.
Let’s have a closer look at HSBC red credit card, its benefits, but also the significant fees and rates and how you can apply for it within a few minutes.
Benefits of HSBC Red Credit Card
First of all, if you apply until 20 May 2020, you can benefit from an online welcome offer. All you need to do is apply for the credit card online and, upon its approval, you will receive the welcome gift of $800 in cash if you are a new customer, or $300 reward if you are an existing customer. The terms and conditions for the HSBC credit card online welcome offer can be further consulted here.
Furthermore, HSBC Red credit card comes with a perpetual annual fee waiver, and up to 11% off hotel bookings when you use hotels.com. This applies on a first-come-first-serve basis according to a monthly quota. After the quota is full, you have only 9% off your bookings, but this does not apply to hotels that are not participating.
HSBC Red Credit Card is also a great choice for customers that order takeaway frequently. You receive a $20 off promotion code for all of your Deliveroo offers, as long as they are over $180, and this can be used a maximum of four times per month.
For online transactions, you have 4% reward cash. Local supermarket transactions earn you 2% cashback. Other local and/or overseas transactions come with 1% cashback. Lastly, online bill payments and Octopus top-up spending earn you 0.4% reward cash.
Lastly, HSBC Red card comes with a hassle-free set of rewards. This is because there is no upper limit of rebates and no registration is required. Plus, there is no annual fee or minimum spending requirement for the RewardCash.
Fees and Rates
The card comes with a perpetual annual fee waiver and a 1.95% foreign currency transaction fee. In terms of repayments, you need to consider the following aspects:
- Minimum payment due or $230 late payment charge
- 36.43% retail purchase APR
- All interest and fees and charges including the annual membership for minimum payments, including 1% of the outstanding principal with a minimum of $50.
How to Apply
The application process is 100% online and can be done in a few steps completing this form with your personal details. It is important to know that the eligibility criteria require a minimum annual income of $120,000 to have the application approved. The applicant needs to be a minimum of 18 years old.
Furthermore, the welcome bonus of $800 is only for new customers that apply before 20 May 2020. If you are an existing HSBC customer, you can, however, apply and receive $300 cash after your application is approved. For both new and current customers, it is important to spend over $8,000 in the first two calendar months from the issuance of your credit card in order to receive the welcome offer.
Another important aspect is that the welcome offer does not apply to individuals who canceled any personal HSBC credit card issued on and after 1 September 2019.
If you need more information about any of the HSBC credit card offers, you can also contact them. There are several ways of doing this. By clicking here, you can find the nearest local branch, or you can complete this form and book an appointment at your local branch office.
You can also complete the red credit card application by dialing the following number: (852) 2233 3777
Alternatively, you can use the following phone number to contact HSBC Hong Kong. You can request more information about their credit cards and offers here.
Credit card offers: (852) 2748 8033
Note: There are risks involved when applying for and using credit cards. Consult the bank’s terms and conditions page for more information.