- Min. Annual Salary
- Cash back on local spend
- Miles Conversion (local spend)
- HK$4.17 = 1 Mile
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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.
HSBC RewardCash can be exchanged for Asia Miles. You will need to be an Asia Miles member before you enroll in HSBC’s mileage programme online. It costs HK$300 annually (which can be paid for with $300 RewardCash). After you’re enrolled in the programme, you can transfer RewardCash into your Asia Miles account at a conversion rate of $1 RewardCash = 10 Asia Miles.
If you’d like to earn shopping vouchers instead, you can enroll in HSBC’s certificate scheme online. This lets you pool all your HSBC credit card spending into one card, letting you accumulate RewardCash more quickly. Every quarter, your RewardCash will be consolidated and converted into a certificate (issued in multiples of $50). You’ll receive the certificate in the mail, and you can then exchange it for cash coupons from AEON, PARKnSHOP, and SOGO.
Apart from earning HSBC RewardsCash, holding an HSBC credit card also entitles you to dining promotions at popular restaurants and hotel buffets in Hong Kong. Some of the more enticing offers include Bostonian Seafood & Grill, BLT Steak, Gaylord Indian Restaurant, and Big Bay Cafe. Check HSBC’s Red Hot Offers listings for the latest dining promotions.
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:
Octopus AAVS (Automatic Add Value Service) allows HSBC credit card holders to automatically reload their Octopus cards in increments of either HK$250 or HK$500. You’ll be billed for Octopus top ups together with your other credit card spending. Best of all, this lets you earn HSBC RewardCash for every Octopus reload.
Open to all HSBC credit card holders, the HSBC Reward+ mobile app lets you manage your credit card accounts on the go and browse the latest HSBC promotions (Red Hot Offers). You can also use the app to offset your HSBC credit card bills with the RewardCash you’ve earned.
HSBC credit cards are compatible with the three major mobile digital wallets: Apple Pay, Google Pay, and Samsung Pay. You can add your credit card to your mobile phone and make payment both conveniently and securely.
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 credit cards can be used to pay electricity and gas bills from CLP Power, Hong Kong Electric, Hong Kong and China Gas, and the Water Supplies Department.
HSBC credit cards can also be used to pay your telecommunications bills, such as for monthly postpaid data plans and SIM card recharging, from selected vendors such as CSL, PCCW, and SmarTone.
HSBC credit cards are accepted as a payment mode for a range of government-related bills and fines, such as the Inland Revenue Department, Student Finance Office, and Traffic Tickets.
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.