Minimum Annual Income P200,000 (P16,667 Monthly) |
Interest Rate 2% |
Annual Fee P1,500 |
Get a ₱2,500 cash rebate when you spend at least ₱5,000 with your new HSBC credit card. Promo is open to individual applicants applying for an HSBC Red Mastercard, HSBC Gold Visa, or HSBC Platinum Visa credit card online. Hurry! Promo runs until December 31, 2020 only.
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.
Existing Credit Card | Required |
Landline number | Required |
Age | 21 to 65 years old |
Minimum Annual Income | P200,000 |
Annual Fee | P1,500 / year |
Monthly Effective Interest Rate | 2% |
Cash Advance Monthly Effective Interest Rate | 2% |
Minimum Amount Due | 4% |
Cash Advance Fee | P200 / 0% |
Cash Advance Monthly Effective Interest Rate | 3.75% |
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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.
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