hsbc red mastercard

HSBC Red Mastercard

Minimum Annual Income

P200,000

(P16,667 Monthly)

Interest Rate

2%

Annual Fee

Free

Special Promotions

Choose Your Gift: Shopee Credits or Xiaomi Vacuum

Apply for an HSBC Credit Card and receive your chosen welcome gift when you get approved. Choose between ₱2,500 worth of Shopee credits or a Xiaomi Mijia UV Dustmite Wired Vacuum worth ₱2,799. 

Promo runs from January 16 to February 15, 2022. Per DTI Fair Trade No. FTEB-135124. Series of 2022. See full terms here.

Product Summary

hsbc red mastercard

HSBC Red Mastercard

Get more when you spend more using your HSBC Red Mastercard. Be rewarded up to 4x faster when you shop in any of HSBC’s 27,000 partner establishments. Perfect for shopping and dining wherever you are in the world.

  • 4x bonus points on online, shopping, dining, and overseas transactions
  • 6% rebate on your first Caltex fuel purchase plus 3% rebate year-round
  • Transfer balances from your non-HSBC credit card for bigger savings
  • No annual fees forever when you apply until December 31, 2021
  • Ideal for: online shopping and dining worldwide
Existing Credit CardRequired
Landline numberRequired
Age21 to 65 years old
Minimum Annual IncomeP200,000
Annual Fee Free
Monthly Effective Interest Rate2%
Cash Advance Monthly Effective Interest Rate2%
Minimum Amount Due4%
Cash Advance Fee P200 / 0%
Cash Advance Monthly Effective Interest Rate3.75%

Is this the right product for you?

Checkout the other credit card listings

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.

FAQ

HSBC Red Mastercard is one of HSBC’s credit card offerings in the Philippines. It is one of their top credit cards with a low income requirement and accelerated rewards points.

The turnaround time for HSBC credit card applications is 5 to 10 business days. This is upon submission of completed application forms and required documents. You may expect a call, text, or email from HSBC.

Yes. One of HSBC’s eligibility requirements is to have an existing and locally-issued primary credit card owned for at least 12 months.

Earning points with the HSBC Red Mastercard is easy! Just frequently use your card for online, dining, shopping, and overseas purchases and get 4x bonus points for every PHP 20 spent. However, note that cash advance transactions are excluded from this benefit.

To redeem your HSBC Red rewards points, simply log on to www.hsbc.com.ph and review the rewards catalog. Pick the items you wish to redeem, take note of the specific steps, and redeem your rewards items via SMS.

Yes, they do. Bonus points earned are valid for up to three (3) years only so make sure to use your points wisely!

Your credit card limit depends on your income as well as your credit history. HSBC decides this amount but you may request for an increase by calling the HSBC Customer Support Centre at (02) 8858-0000.

mailbox

Stay with us

Subscribe to us and get the latest news