hsbc red mastercard

HSBC Red Mastercard

Minimum Annual Income


(P16,667 Monthly)

Interest Rate


Annual Fee


Special Promotions

Welcome gift + chance to win an iPhone 15 Pro Max!

Moneymax Holiday Promo: Apply and get approved for an HSBC Credit Card and earn a raffle entry to win an iPhone 15 Pro Max, plus exciting prizes worth up to ₱185,000! Hurry, promo runs until December 21, 2023. Per DTI Permit No. FTEB-181309. Series of 2023. For terms and conditions, click here.

Moneymax Welcome Gift: Apply for an HSBC Credit Card and receive your chosen welcome gift when you get approved. Promo extended until December 31, 2023. Per DTI Fair Trade Permit No. FTEB-173270 Series of 2023. Check out our FAQs to learn more about your reward's delivery time and more. For full terms and conditions, click here.

Product Summary

hsbc red mastercard

HSBC Red Mastercard

Earn more rewards in every swipe with your HSBC Red Mastercard! Get 4x reward points on shopping, dining, online, and overseas spend, earn 3% rebate on Caltex fuel spend, and enjoy exclusive perks and discounts worldwide.

  • 4x reward points on online, shopping, dining, and overseas spend
  • Earn 1 reward point for every ₱20 spend
  • 6% rebate on your first Caltex fuel spend; 3% rebate year-round
  • Ideal for: online shopping and dining worldwide
Existing Credit Card Required
Landline number Not Required
Age 18 to 65 years old
Minimum Annual Income P200,000
Annual Fee P2,500 / year
Annual Fee Waiver Yes
Monthly Effective Interest Rate 3%
Cash Advance Monthly Effective Interest Rate 3.04%
Minimum Amount Due P500 / %
Cash Advance Fee P200 / 0%

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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 on your first year

If you've always wanted a break from annual fees, the HSBC Red Mastercard is the right pick for you with its waived annual fee on the first year. Keep collecting bonus points and redeem another waiver for annual fees to enjoy this benefit the next year!

Earn up to 4x bonus points

What’s better than earning bonus 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 bonus points as an incentive for dividing your payments.

Avail of cash installment plans

Need some quick cash? Get a cash advance using your HSBC Red Mastercard and pay it back by availing of 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 1 year of credit card ownership. If that’s a dealbreaker, check out these alternatives:

  • HSBC Gold Visa Cash Back. This card may have a higher annual fee, but you get a 5% rebate on dining transactions and a 0.5% 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.


Earning rewards with your HSBC Red Mastercard is easy! Since every ₱20 spend earns you 1 bonus point, racking up points will be a breeze. Plus, earn 4x points when you spend on dining, shopping, online, and overseas spend.

Redeeming rewards is also easy. Just follow these simple steps:

  1. Go to the HSBC Rewards Catalog page and choose the HSBC Red Rewards Catalog.
  2. Open the PDF file and choose the reward you want to redeem. Take note of the following:
    1. Item name
    2. Item/Product code
    3. Bonus points
    4. Redemption Center Code
    5. Cash amount
  3. Once you’re ready, click the Redeem Now button on the upper corner of the PDF file.
  4. You will be redirected to the HSBC Rewards Redemption page. Accomplish the form.
  5. You will receive a claim code via SMS. Once you receive the code, proceed to the designated redemption center and present the following:
    1. SMS indicating the claim code
    2. Your HSBC Red Mastercard
    3. 1 valid government-issued ID with a photo

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

Yes. One of HSBC’s eligibility requirements is to have an existing and locally-issued primary credit card owned for at least 6 months.

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.

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.


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