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    HSBC Premium Credit Cards

    HSBC offers an array of credit cards to suit different interests of customers. These cards offered by HSBC fall under categories such as rewards credit cards, cashback credit cards, dining credit cards, entertainment credit cards, travel credit cards, and premium credit cards. Premium credit cards offer all-round benefits that are relatively better than many other cards. They are for the elite customers, and for those with an Advance or Premier Banking relationship with the bank. These cards let you enjoy additional reward points (more than other ordinary cards) and enhanced benefits such as better discounts on certain deals and air miles.

    HSBC offers two credit cards that fall under the premium credit card category – the HSBC Premier MasterCard Credit Card and the HSBC Visa Infinite Credit Card. Both these cards are loaded with a range of impressive benefits, making them quite attractive to own.

    Let’s look at what HSBC’s premium cards have to offer and why they are amongst the most sought-after credit cards.

    Features of HSBC Premium Credit Cards

    HSBC Premier MasterCard Credit Card

    Welcome bonus:

    The HSBC Premier MasterCard Credit Card offers great joining benefits which generally include an awesome luggage and cashback. These joining perks come with a minimum spend criteria.

    Cash rebates on purchases:

    You will earn cash rebates to the tune of 5% on the categories mentioned below if you spend at least S$800 per month on your card.

    • Grocery shopping: Using your HSBC Premier MasterCard Credit Card for grocery shopping will give you a cash rebate of up to 5%.
    • Recurring bills: Recurring mobile bills, TV bills, internet bills and related utilities will earn you a cash rebate of 5%.
    • Food and beverage outlets in Singapore: Using your card at food outlets and beverage outlets in Singapore will earn you a 2% rebate.
    • Fuel purchases: You can earn rebates of 6% on all your petrol purchases. You can also get up to 20% off at Shell and up to 21% discount at Caltex stations.

    Reward Points: The card also gives reward points along with cashback. With every S$1 you spend using your card, you can earn 1 reward point. Reward points earned on purchases and transactions can be converted and redeemed for excellent benefits from the rewards catalogue.

    Exclusive travel benefits: This card also gives a wide range of exclusive benefits on travel.

      • You can enjoy savings of up to 10% when you use your credit card to make travel reservations on Expedia.com. Complimentary room upgrades and special discounts also form part of the offer.
      • Using your card to make travel reservations on Agoda.com will let you enjoy a discount of 7%. The offer is valid on select bookings at participating merchants across the globe.
      • You can enjoy free Uber rides with your HSBC Premier MasterCard Credit Card of up to S$20.
      • As a card member, you can also enjoy complimentary airport lounge access at over 700 destinations across the globe.
      • The card provides you with a free insurance cover of S$1 million. The insurance covers personal liability, travel inconvenience, medical expenses and several other aspects of your travel. The insurance covers both you and your family members.
      • As a cardholder, you can also enjoy free Wi-Fi with Boingo at over 1 million Wi-Fi hotspots across the globe.

    HSBC Visa Infinite Credit Card

    Luxury card:

    The Visa Infinite Credit Card is a luxury travel credit card. You can apply for the card on BankBazaar.sg. You need to earn S$120,000 to be able to apply for the card.

    Air Miles:

    The Visa Infinite Card is an air miles credit card. For the first year, you will earn 1 mile per dollar spent locally and 2 miles per S$1 spent overseas. From the next year onwards, assuming you spend S$50,000 in the previous year, you can earn 1.25 miles per S$1 spent in Singapore and 2.25 miles per S$1 spent outside the island. In addition, you also receive 35,000 air miles as joining bonus.

    Enhanced Reward Points:

    You can earn 10 Reward Points per S$1 spent on lifestyle purchases with the card. The feature is applicable to participating merchant brands such as Diesel, MaxMara and Y-3.

    Golfing privileges:

    As an HSBC VI cardmember, you can enjoy complimentary discounts on green fees all through the year at Sentosa Golf Club. A range of other golfing privileges such as green fee discounts at other clubs and free golfer’s insurance are also available.

    Dining privileges:

    The card offers exclusive dining discounts of up to 50% at the Marriott Tang Plaza Hotel and a 15% concession at premier European restaurants in Singapore such as Forlino and Garibaldi.

    Concierge services and airport lounge access:

    Enjoy 24-hour travel concierge services and free airport lounge access at over 500 destinations across the globe.

    Insurance:

    The card provides you with an insurance cover of S$2 million. The insurance covers accidental death, personal liability, medical expenses, and travel inconvenience.

    Fees and Charges for HSBC Premium Credit Cards

    Product/Item Fees and charges
    Annual fee for the HSBC Visa Infinite Credit Card
    • Principal card (HSBC Premier Customers) - S$488
    • Principal card (HSBC Non-Premier Customers) – S$650
    Annual fee for the HSBC Premier MasterCard Credit Card
    • Principal card – Free
    Interest rate 25.9% p.a.
    Cash advance fee S$15 or 6% of the withdrawn amount, depending on whichever of the two is higher
    Interest charged on cash advance 28% p.a.
    Late payment fee S$55
    Over limit fee S$40
    Foreign currency transaction fee 1.5% of the transacted amount
    Dynamic Currency Conversion fee 1% of the converted transacted amount

    HSBC Premium Credit Cards Eligibility

    • The applicant has to be a Permanent Resident, a Singaporean citizen or a foreigner.
    • The applicant has to be a minimum of 21 years old.
    • Minimum income criteria:
      • HSBC Visa Infinite Credit Card – S$120,000 p.a. or a fixed deposit of S$30,000.
      • HSBC Premier MasterCard Credit Card – S$30,000 p.a. (Singapore citizens) and S$40,000 for Permanent Residents and Foreigners.

    Note: You have to be a HSBC Premier customer with a relationship worth at least S$200,000 with the bank if you want to apply for the HSBC Premier MasterCard Credit Card. The amount can be in the form of insurance, deposits or investments with the bank.

    Documents required to apply HSBC Premium Credit Cards

    • Salaried individuals:
      • Copy of NRIC, latest computerised payslips, CPF statement.
    • Self-employed individuals and individuals with varied income:
    • Copy of your NRIC, CPF Statement obtained using your SingPass ID, latest computerised payslips.
    • Foreigners:
      • Copy of Passport, proof of employment from employer, Employment Pass, latest computerised payslips.

    How to apply for an HSBC Premium Credit Card

    You can apply for a Premium Credit Card by visiting the bankbazaar.sg website and placing an online request by filling out a few personal and professional details.

    How to cancel HSBC Premium Credit Cards

    If you wish to cancel your HSBC Premium Card, you have two options: either call the HSBC Credit Card Hotline/phone banking number, or log in to your HSBC internet banking. The bank may require you to give a reason for cancelling the card. Once cancelled, it is advisable to cut your primary and supplementary cards into two and dispose of them properly to avoid misuse of the card.

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