HSBC Credit Card Application: A Step-by-Step Guide for First Timers

January 3, 2018 | Posted by: Venus Zoleta | Credit Card

January 3, 2018

HSBC Credit Card Application |
HSBC is one of the largest banks in the world and one of the leading credit card providers in the Philippines. They issue five types of credit cards that cater to different lifestyles and needs. All HSBC credit cards come with an attractive reward program, a 0% installment plan, fuel rebates, and other exclusive deals.

Considering to apply for a credit card from HSBC? You better hurry — apply online until May 31 and you get Free Annual Fee for Life on selected cards! Promo is valid for anyone who applies online, whether through Moneymax’s HSBC credit card page or the HSBC website. Already got a card in mind? Here are the four steps to keep in mind for your credit card application.

1. Check if You’re Qualified for an HSBC Credit Card

Make sure that you’re eligible to apply for an HSBC credit card—this is the first and most important step in the entire application process.

You can apply for one of HSBC credit cards if you meet all these requirements:

  • Between 21 and 65 years old
  • A gross annual income of at least P200,000 (for Red Mastercard and Gold Visa Cash Back) or P500,000 (for Platinum Visa)
  • An HSBC Advance bank account (for HSBC Advance Visa) or an HSBC Premier bank account (for HSBC Premier Mastercard)
  • Primary cardholder of a credit card that’s issued by a bank in the Philippines and in good standing for at least 12 months (for Red Mastercard, Gold Visa Cash Back, and Platinum Visa)

2. Get All Your Supporting Documents Ready

HSBC will process your credit card application only when it has received all the required documents. Since some documents take a while to obtain, especially the government-issued ones, it’s best to prepare them first before you proceed with applying for a credit card.

HSBC credit card documentary requirements:

Proof of identity: 

  • Any of the following: passport, postal ID, driver’s license, or NBI clearance;
  • Plus any two of the following: SSS ID, PRC license, TIN ID, voter’s ID, birth certificate, police clearance, or company ID (SEC-registered companies only)
  • For foreigners: Visa, Alien Certificate of Registration, or Immigration Certificate of Residence

Proof of income:

  • Employed applicants: Latest Income Tax Return/ITR, BIR Form 2316, or three months’ payslips
  • Self-employed applicants and entrepreneurs: Latest ITR, photocopy of business registration with photo, and financial statement for the last three months
  • Overseas Filipino workers (OFWs): certificate of employment or contract of employment and working visa, work permit, POEA-issued OFW card, or POEA certificate

Proof of residence: Latest utility billing statements named under the applicant, addressed to the applicant’s residence, and issued within the last three months

HSBC Credit Card Application |

Photo courtesy of HSBC Facebook Page

3. Decide Which HSBC Credit Card to Apply For

Before your actual credit card application, you need to know the most suitable HSBC credit card for you. Examine your options carefully by comparing the various important credit card features:

  • Annual fee: Whether you can afford the cost or not
  • Interest rate: This won’t matter, however, if you’re sure that you can fully repay your credit card balance each month
  • Rewards: The kind of rewards offered should be for categories you frequently spend on (e.g., travel, shopping, dining, etc.)

4. File Your HSBC Credit Card Application

An HSBC credit card application can be done either in-branch or online. Just keep in mind that offline applicants are not eligible for the waived annual fee promo.

You can visit any of the bank’s branches in Metro Manila, Cebu, and Davao and submit your supporting documents there.
If you prefer an online credit card application, go to the HSBC Credit Cards page on the bank’s official website and click the ‘Apply Now’ button under your chosen HSBC credit card.

Completing the online application form takes about 10 minutes. To make the process quicker, get ready with your valid ID number and credit card number from another bank. After filling out all fields, click the ‘Submit’ button.

You’ll receive an email requesting for submitting your supporting documents via mail to this address:
HSBC Credit Card Processing Unit
HTS Credit Approval Operations
5th Floor, 3058 5th Avenue, West Bonifacio Global City, Taguig City, Philippines 1634

Alternatively, you can use the HSBC Online File Upload Service to upload documents for your HSBC credit card application online. It accepts images not more than 2MB in PDF, JPEG, TIFF, and GIF formats.

HSBC takes around five to 10 working days to process a credit card application after receiving your completed application form and all supporting documents.

Final Thoughts

An HSBC credit card application is a straightforward process, especially if you do the steps properly and submit all the requirements.

Have you tried to apply for a credit card at HSBC? Share your experience with us!

HSBC Credit Card Application