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Best HSBC Credit Cards Philippines Review (2018)

Best HSBC Credit Cards Philippines Review (2018)

Looking for your next credit card? Here’s our review of the best HSBC credit cards in the Philippines.

HSBC Credit Card

Highlights

HSBC Platinum Visa Enjoy up to 4 times rewards and travel privileges.
HSBC Gold Visa Cash Back 5% cash back on dining and 0.50% on all other transactions

3% rebate on Caltex fuel purchases

HSBC Red Mastercard 4x bonus points on online, dining, shopping, and overseas transactions
HSBC Advance Visa Get rewards up to 4x faster when you shop online

Lower interest rate of 3.20% per month

HSBC Premier Mastercard No annual fee for life

1 Asia Mile or KrisFlyer mile for every 5 Bonus Points, or 1 Mabuhay Mile for every 6 Bonus Points

HSBC Platinum Visa Credit Card

The major pull of the HSBC Platinum Visa credit card is the ease and convenience of earning and accumulating air miles. It’s perfect for the person who loves to travel in style and enjoy a lot of perks.

To qualify, you must already own a locally-issued credit card for more than 12 months. Skip this card if you’re planning to get it as your first ever credit card.

Additionally, the minimum income requirement is around 40,000 PHP per month.

Key features:

25 PHP spend = 1 air mile

Accelerated Rewards

20 PHP overseas spend = 4 Bonus Points (can be used to redeem air miles)

20 PHP local shopping and dining spend = 3 Bonus Points

20 PHP spend on everything else = 1 Bonus Point

Free travel accident and inconvenience insurance coverage
Exclusive privileges in over 27,000 establishments worldwide under home&Away Privilege Programme
6% rebate on your first Caltex transaction; 3% rebate on Caltex fuel purchases the whole year
Waived annual fee on your first year

The HSBC Platinum Visa is also a contactless credit card. You don’t need to swipe at designated card terminals when you use it here or abroad. Simply tap and you’re good to go!

You can get your monthly billing statements straight to your email if you want paperless billing.

For high-ticket purchases, you can also avail of 0% interest installment plans of up to 36 months when you shop at partner establishments.

You can make a straight purchase as well and then just opt to convert it into monthly installments afterwards.

If you’re running low on cash, there’s a cash advance feature available. When you take advantage of the cash installment plan, you can borrow cash from your HSBC Platinum Visa credit card and pay it in monthly installments.

HSBC’s autocharge facility also helps you pay your monthly bills so that you never miss out on a payment.

HSBC Gold Visa Cash Back Credit Card

If you’re looking for a cash back credit card, this one is a good choice.

To qualify for this card, you must have an existing credit card (locally issued) for at least a year and be earning at least 16,700 PHP per month.

Key features:

5% cash back on dining and 0.50% on all other transactions

3% rebate on Caltex fuel purchases

0% interest installment up to 36 months at partner establishments
Waived annual fee on your first year

If you love trying out new restaurants with your family or friends, you can charge it to your card and earn 5% cash back.

This card gives can be used at over 27,000 establishments here and abroad. In addition, top up your fuel at Caltex in order to enjoy 3% rebates the whole year as well.

The HSBC Gold Visa Cash Back credit card also offers:

  • eStatement
  • Card installment plans
  • Balance transfer
  • Balance conversion plan
  • Cash advance
  • Autocharge

Check out the cash back rates when you spend on the following within the specified period.

Cash Back Category Cash Back Rate Period
Dining 5% January to December
Back to School (Department Store transactions) 1% May to August
Overseas 1% January, April, May, December
All other transactions 0.5% January to December

HSBC Red Mastercard

Like the first two HSBC credit cards discussed above, you need to own a locally-issued credit card for at least a year to qualify for the Red Mastercard. You should also be earning at least 16,700 PHP per month.

Key features:

4x Bonus Points for online and overseas transactions
4x Bonus Points for dining and shopping transactions
Redemption of air miles, gift certificates, and exclusive items with your Bonus Points
6% rebate on first Caltex fuel purchase and 3% rebate all year
0% interest installment plans at partner establishments

With the Accelerated Rewards Program, you can receive 4x Bonus Points on your credit card transactions, particularly when you spend online or abroad.

You can also earn 4x Bonus Points when you use your card for shopping and dining in over 27,000 partner merchants.

The HSBC Red Mastercard also comes with these features:

  • eStatement
  • Cash and card installment plans
  • Balance transfer
  • Autocharge
  • Cash advance

HSBC Advance Visa Credit Card

The HSBC Advance Visa credit card is only available to HSBC Advance customers, which means you need to have a minimum of 100,000 PHP in Total Relationship Balance or at least 2 million PHP in a mortgage loan with HSBC.

Key features:

4x faster rewards for online shopping
Low interest rate of 3.20% per month
6% rebate on first fuel purchase at participating Caltex stations

Earn rewards faster with your online shopping. With every 15 PHP you spend, you earn 4 Bonus Points.

You also earn 1 air mile (Asia Miles /KrisFlyer Miles) with every 34 PHP that you spend for online purchases.

Did you know that you can earn Bonus Points when you pay for your bills using HSBC’s online bills payments facility? Charge your bills to your credit card for Bonus Points and rewards.

Other features of the HSBC Advance Visa credit card include:

  • Exclusive discounts and offers in over 27,000 partner establishments with the home&Away Privilege Programme
  • Easy and flexible installment terms at 0% interest in participating establishments

HSBC Premier Mastercard

The HSBC Premier Mastercard is available to HSBC’s Premier customers. You qualify for this credit card when you maintain 4,000,000 PHP (or its foreign currency equivalent) in Total Relationship Balance (including deposits and investments) with HSBC.

Key features:

No annual fee for life
20 PHP overseas spending = 4 Bonus Points (with Accelerated Rewards)
Premium travel benefits and discounts in over 180,000 resorts and hotels
Complimentary Wi-Fi access through iPass
Free travel accident and inconvenience insurance
LoungeKey privileges at more than 850 lounges in over 400 airports

No need to pay for annual fees ever. They are free for life. You also earn rewards faster because of the Accelerated Rewards program. With every 20 PHP you spend overseas, you earn 4 Bonus Points. You can also score yourself 3 Bonus Points for every 20 PHP you spend on local shopping or dining.

Enjoy free flights when you redeem miles with your Bonus Points. You can redeem 1 Mabuhay Mile for 6 Bonus Points, and 1 Asia Mile or KrisFlyer mile for 5 Bonus Points.

Other features of the HSBC Premier Mastercard include:

  • 0% interest card installment plans up to 36 months at participating establishments
  • Worldwide safety and security
  • Emergency cash advance at 245,000 outlets in over 200 countries

Whichever HSBC credit card you choose, you will get access to a lot of exciting offers and rewards. Whether it’s for shopping, dining, or traveling, there’s an HSBC card that’s just perfect for you!