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|Credit Card||Annual Income Requirement||Benefits|
|HSBC Visa Signature Card||HKD480,000||Fastest-earning rewards card with airport lounge access, for those with high annual income|
|HSBC Visa Platinum Card||HKD150,000||Lets you earn accelerated rewards points for your choice of spending category|
|HSBC UnionPay Dual Currency Diamond Card||HKD150,000||Dual currency credit card that lets you pay in RMB or HKD with no extra fees|
|HSBC UnionPay Dual Currency Credit Card||HKD60,000||Dual currency credit card with low income requirement|
|HSBC Visa Gold Card||HKD60,000||Rewards and lifestyle credit card with low income requirement|
HSBC offers some of the most versatile and attractive credit card rewards and promotions in town. Their rewards programme, called Red Hot Rewards, lets all credit card holders earn rewards points for spending on their cards. You earn $1 RewardCash for every HK$250, RMB250 (on the HSBC UnionPay Dual Currency Cards) or US$30 (on an HSBC USD Visa Gold Card) spent. Subsequently, your RewardCash can be converted into shopping coupons, air miles or cash rebates - your choice.
Apart from the lifestyle benefits illustrated above, HSBC credit cards also come with some features that make it practical for day-to-day usage. Some of the features common across all HSBC credit cards are:
HSBC customers can use their credit cards to pay various bills including utilities, telephone and government-specific bills. You can do so easily via HSBC’s EBPP (Electronic Bill Presentment and Payment Service), a one-stop platform that consolidates all your e-bills. Here are some common bills you can pay with HSBC cards:
HSBC’s two most attractive credit cards for medium-to-high income earners in Hong Kong are the HSBC Visa Signature Card and the HSBC Visa Platinum Card. But what’s the difference and which is better?
Both cards are structured similarly in terms of benefits, but the HSBC Visa Signature Card has a higher income requirement (HK$480,000), as well as higher rewards, earn rate (9X RewardCash in the category of your choice).
The HSBC Visa Platinum Card, on the other hand, has a much lower income requirement (HK$150,000) but also a lower earn rate for RewardCash (6X in the category of your choice).
So if you qualify for it, the HSBC Visa Signature is a much better choice. It also comes with a few extra perks such as free airport lounge access with upon spending HK$1,500, 1-for-1 movie tickets, and a one-time 1-for-1 buffet dinner at Grand Hyatt Hong Kong.