Why Choose HSBC Red Mastercard?
Looking for a beginner-friendly credit card? The HSBC Red Mastercard should be right up your alley. Find out why this credit card rocks in this short review of the HSBC Red Mastercard.
No annual fees for life!
Want to enjoy your credit card without the pesky annual fees? If you apply for an HSBC Red Mastercard right now until December 31, 2021, say goodbye to annual fees forever!
Earn up to 4x bonus reward points
What’s better than earning points using your credit card? Earning accelerated rewards with your HSBC Red Mastercard. Get 4x bonus points for every ₱20 spend on dining, shopping, overseas, and online purchases—four spend categories most cardholders use their credit card for.
Earn up to 6% rebate on fuel expenses
Want more savings from your credit card? Let the HSBC Red Mastercard help you save on one of your common expenses: fuel. Just head down to the nearest Caltex station and use your credit card to get a 6% rebate when your first fuel up and 3% on succeeding fuel purchases.
Avail flexible 0% installment plans
With the HSBC Red Mastercard, you can convert big-ticket purchases like appliances, gadgets, and furniture into affordable 0% interest installments of up to 36 months. Installment transactions also earn you 3x bonus points as an incentive for dividing your payments.
Avail cash installment plans
Need some quick cash? Get a cash advance using your HSBC Red Mastercard and pay it back by availing a cash installment plan. It’s basically a more convenient way to pay back your cash advance in flexible and affordable installments.
Is HSBC Red Mastercard the Right Card for You?
The HSBC Red Mastercard is loaded with exciting perks, but it’s not the only beginner-friendly credit card out there. For one, it requires you to have at least one year of credit card ownership. If that’s a dealbreaker, check out these alternatives:
- Citi Simplicity Card. This card is a good way to start your credit card journey. With no annual fees to worry about, you can practice managing a credit card until you’re ready for the next one.
- HSBC Gold Visa Cash Back. This card may have a higher annual fee, but you get a 5% rebate on dining transactions and a 3% rebate on all spend all-year-round. Not bad for a credit card.
- AUB Classic Mastercard. This is a no-fuss credit card with no annual fees to weigh you down. It also packs a roster of value-added services that justifies its lack of exciting rewards.