Whether you’re looking for a credit card for cash back, air miles, rewards, discounts or more, HSBC has got you covered with its impressive array of credit cards to suit your everyday needs. Take a look at our list of the 3 best HSBC credit cards that the bank has to offer and decide which one will suit you best!
Before we delve into the details of what each of the credit cards has to offer, here are some of the notable features and benefits of owning an HSBC credit card that you should know:
Key features of HSBC credit cards
HSBC Card Installment
Convert your purchases to 0% installment plan at more than 500 partnering merchants with flexible tenure! Simply call their Telebanking e at 03-2059 9123 before you make the purchase to apply for the HSBC Card Installment Plan.
Check out the promotions here.
HSBC Cash Installment Plan
Everyone needs emergency cash every now and then, and HSBC delivers its reputable services with this facility via its credit cards. It’s easy, hassle-free, no early termination fee to boot and lots of exclusive deals! You can apply a minimum amount of RM1,000 for up to 3 years at an interest rate of 6.88% per annum.
With interest rate as low as 6.88% per annum, you can pay as low as RM112 per month with a minimum of RM5,000 loan amount. The application can be made online or through their call center at 03-2059 9123.
HSBC Balance Transfer Plan
HSBC is well known for its amazing Balance Transfer Plan, owing to the fact that it offers credit card refinancing with low-interest rate! Furthermore, there are no early termination or setup fees to speak of, making it as one of the best credit card balance transfer plans in the market.
Plan A: 3% Upfront, 0% for Next Five Months
There are two options for the 6 months tenure plan, where you can opt for a one-time interest rate of 3% of the total loan amount that will be charged along with your first month’s repayment and have an interest-free repayment for the remaining 5 months, or you can choose the plan with 1.99% per annum by applying for a new HSBC credit card instead.
The transferable amount is up to 95% of your HSBC credit card limit. You’re allowed to make a minimum payment of 5% from the outstanding balance, however, take care not to exceed the tenure of your chosen monthly repayment plan or the interest rate will be changed to the standard rate of 18% per annum. This option is available to most HSBC credit cards and can be applied online or via the call center at 03-2059 9123.
HSBC SmartPrivileges
This unique feature allows you exclusive privileges, perks, and savings at over 6,500 retail, entertainment, and dining outlets nationwide. It also offers travel, flight ticket, hotel and many more deals at exceptional rates; exclusively for the HSBC.
HSBC Rewards Programme
The accumulated Reward Points can be redeemed for various offers and deals that include vouchers from a plethora of retailers and dining places, electronic items, air miles, home and lifestyle items and much more. The Reward Points expire after 3 years, giving you ample time to collect your points in order to redeem the items of your choosing. Here’s a tip; redeem your items online and get a discount of 500 Reward Points!
There are three types of rewards programme under HSBC: HSBC Rewards Programme, HSBC Premier World Rewards Programme, and HSBC Premier Travel Rewards Programme. You will automatically enroll in these programme based on the type of your cards.
HSBC Visa Signature: The all-around card
This card offers VIP style reward points on various types of spending. So whether you’re a traveler, shopaholic or a foodie, be prepared to fall in love with HSBC Visa Signature credit card with these fantastic rewards:
- 10x Reward Points for every RM1 spent on overseas hotel and dining to a maximum spending of RM2,000 monthly.
- 8x Reward Points for every RM1 spent at Mid Valley Megamall and The Gardens Mall to a maximum spending of RM1,500 monthly.
- 5x Reward Points for every RM1 spent on flight tickets (Malaysia Airlines, Singapore Airlines, Cathay Pacific, Emirates Airlines and Qatar Airways), local hotel and dining as well as purchases at over 30 malls nationwide (maximum spending of RM1,500 monthly).
- 1 Reward Point for every RM1 spent on other expenses.
Other benefits:
Travel in style
- Get 6x complimentary access to Plaza Premium Lounge at Kuala Lumpur International Airport.
- Enjoy Takaful coverage of up to RM750,000 for flight or travel accidents.
- Enjoy countless discounts and privileges on overseas shopping and dining in over 160 countries.
Fees and charges
- Annual fee of RM636.00 for the principal cardholder waived for the first year. Annual fee of RM318.00 for the supplementary card.
- Interest rate of 15% per annum, 18% per annum on cash withdrawals.
- Late payment fee of RM10 or 1% of the outstanding amount, to a maximum of RM100.
- The minimum monthly repayment amount is RM50 or 5% of the outstanding amount.
Qualifying criteria
Minimum age of 21 years old and a minimum income of RM8,333 per month or RM100,000 per annum.
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HSBC Visa Platinum: The shopaholic card
Love irresistible bargains and promotions at the mall? Then this card is your perfect shopping partner. HSBC Visa Platinum is specifically tailored to elevate your shopping experience by enriching it with a fantastic Rewards Programme.
Shop and earn 8x Reward Points at Mid Valley Megamall and The Gardens Mall. You also enjoy 5x Reward Points at other participating shopping malls nationwide. Take note that both of the Reward Points granted for these spending are capped at a maximum of RM3,000 per month. The rewards do not stop there – you also earn 1 Reward Point for every RM1 spent on any other expenditure.
Other benefits:
Travel in style
Enjoy discounts and privileges on overseas shopping, hotels, entertainment, and dining when you travel overseas with HSBC Home & Away Programme.
Fees and charges
- Annual fee of RM254.40 for the principal cardholder waived for the first year. Annual fee of RM127.20 for the supplementary card. (6% GST included)
- Interest rate of 15% per annum, 18% per annum on cash withdrawals.
- Late payment fee of RM10 or 1% of the outstanding amount, to a maximum of RM100.
- The minimum monthly repayment amount is RM50 or 5% of the outstanding amount.
Qualifying criteria
Minimum age of 21 years old and a minimum income of RM3,000 per month or RM36,000 per annum.
HSBC Amanah MPower Platinum Credit Card-i: The 8% cashback card
Looking for more ways to save on your petrol and groceries shopping? You can now breathe easy with HSBC Amanah MPower Platinum Credit Card-i, as cardholders can spend on petrol and groceries transactions and get 8% cashback with a monthly spend of RM2,001 and above, capped at RM50 per month.
In light of the 8% cashback, this makes HSBC Amanah MPower Platinum Credit Card-i one of the best petrol and groceries cashback cards in Malaysia.
For those who spend less than RM2,000 on your petrol and groceries, fear not; you still enjoy cashback of 2% that is also capped at RM50 per month. What’s more, you also enjoy 0.2% uncapped cashback on all other expenditure – with no minimum spend or fuss. The petrol cashback only applies to purchases made at Shell, Petronas and Caltex and the cash back for groceries only applies for Giant, Tesco, Mydin and Aeon Big.
Fees and charges
- Annual fee of RM254.40 for the principal cardholder waived for the first year. Annual fee of RM127.20 for the supplementary card. (6% GST included)
- Interest rate of 15% per annum, 18% per annum on cash withdrawals.
- Late payment fee of RM10 or 1% of the outstanding amount, to a maximum of RM100.
- The minimum monthly repayment amount is RM50 or 5% of the outstanding amount.
Qualifying criteria
Minimum age of 21 years old and a minimum income of RM3,000 per month or RM36,000 per annum.
Did any of these credit cards pique your interest? Don’t worry, if it’s more options you want, simply click the button below to compare more HSBC credit cards with our free credit card comparison tool!
See also: How to Compare the Best Credit Cards
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