HSBC Credit Cards

Introduction to HSBC Credit Cards

HSBC is one of the largest and most widely represented international banks in the UAE. The bank offers 5 types of credit cards. Each of the HSBC credit cards is loaded with a wide range of benefits & privileges that enable the cardholder to make the most of their card.

Types of HSBC Credit Cards

Given below are the primary features & benefits of every credit card offered by HSBC:

Types of HSBC Credit Cards
 

HSBC Black Credit Card

The HSBC Credit Card comes with a wide range of travel and lifestyle benefits. The cardholder will get the following benefits with the HSBC black credit card:

  • 200,000 air miles as a sign-up bonus for the 1st year & 100,000 anniversary air miles from the 2nd year onwards.
  • Free access to over 850 airport lounges globally.
  • Exclusive travel, dining, golfing, & cinema privileges.
  • The cardholder will require an ‘HSBC premier account’ in order to apply for this HSBC credit card.

HSBC Premier Credit Card

The HSBC Premier Credit Card comes with free ‘HSBC Entertainer App’, Air Miles Rewards, and plenty of lifestyle and travel benefits. Given below are some of the top features of this HSBC credit card:

  • 1 Air Mile can be earned on every 1 AED spent which can be redeemed for retail vouchers, flights, and hotels.
  • Exclusive travel benefits, including free airport lounge access, hotel discounts, complimentary travel insurance, and much more.
  • Exclusive dining & cinema privileges.
  • Unlimited Wi-Fi at more than 1 million hotspots globally through Boingo.
  • The cardholder will require an ‘HSBC premier account’ in order to apply for this HSBC credit card.

HSBC Advance Credit Card

With the HSBC Advance Credit Card, the cardholder can enjoy Air Miles rewards on all of their spending as well as several travel & lifestyle benefits. Here are the few ones:

  • 1 Air Mile can be earned on every 1 AED spent which can be redeemed for retail vouchers, flights, and hotels.
  • Complimentary airport lounge Access.
  • Exclusive hotel & airline discounts of a maximum of 30 percent with Cleartrip.
  • Free valet parking at specific Valtrans locations four times a month.
  • The cardholder will require an ‘HSBC Advance Account’ in order to apply for this HSBC credit card.

HSBC Visa Platinum Cashback Credit Card

With this HSBC cashback credit card, the cardholder can earn a maximum of 10 percent cashback on their everyday spends. Additionally, member of this card can avail dining, travel, and entertainment offers. Following are the main benefits of this HSBC credit card:

  • No minimum spends required for availing cashback
  • Automatic credit of cashback every month
  • There is no requirement of opening account with HSBC for availing this HSBC cashback credit card.
  • Buy one, get one free movie tickets at VOX Cinemas
  • Thousands of discounts & benefits through ‘Entertainer Mobile App’, ‘I Love Dining Programme’, and much more.

Note: The card member must earn a minimum monthly income of 5000 AED to get this HSBC credit card.

HSBC Visa Platinum Select Credit Card

Member of the HSBC Visa Platinum Select Credit Card can earn Air Miles rewards on everyday spends and enjoy a wide range of benefits. Some of its key benefits are given below:

  • 1 Air Mile can be earned on every 4 AED spent which can be redeemed for retail vouchers, flights, and hotels.
  • Exclusive dining & cinema privileges.
  • Up to 12 percent off across more than 985,000 hotels & vacation rentals worldwide at Agoda.
  • No annual fee charged on this HSBC credit card UAE.

Note: An applicant will require a personal banking account & a minimum monthly salary transfer of 5000 AED to be eligible for this card.

Features & benefits offered by the HSBC Credit Cards

HSBC credit cards offer some of the most unique features & benefits to its card member that suits their lifestyle’s need. Given below are the key features & benefits of credit cards offered by HSBC:

Travel Benefits

The cardholder can avail an array of travel benefits, including free airport lounge access, hotel discounts, complimentary travel insurance, and much more.

Balance Transfer

The card member can transfer their outstanding balance from any other credit card in the UAE to the HSBC credit card at 0 percent interest rate for up to 24 months.

Cash Installments

The cardholder can enjoy easy access to cash through the available credit limit of their HSBC credit card UAE with this cash installment plan. The HSBC credit card cash installment plans are available for tenors of 6, 12, & 24 months at a monthly interest rate as low as 0.75 percent.

Flexi Installment Plan

Member of the HSBC UAE credit card can easily convert their purchases into easy to pay monthly installments at 0 percent.

Eligibility Criteria of HSBC Credit Card

An applicant should meet the below-mentioned criteria to be eligible for the HSBC UAE credit card:

  • Should be a resident of UAE.
  • Should be a minimum of 21 years old.
  • Should have a good credit score.

How to Apply for HSBC Credit Card?

An applicant can apply for the HSBC credit card through any of the ways given below:

  • Online Applications: Interested people can apply for any of the desired HSBC credit cards through the official website of the bank.
  • Offline Applications: The applicants can visit the nearest bank branch and directly apply for the HSBC credit card.
  • Through phone: The applicants also have an option of phone banking to connect with the bank and apply for the HSBC credit card.

Fees & Charges of HSBC Credit Cards

Types of Charges HSBC Black Credit Card  HSBC Premier Credit Card HSBC Advance Credit Card HSBC Visa Platinum Cashback Credit Card HSBC Visa Platinum Select Credit Card
Annual Charges  of Primary Card 1500 AED Free Free 2 AED Free
Annual Charges on Supplementary Cards (shared limit) Free Free First 2 cards - freeSubsequent cards - 50 AED
Monthly Interest on Purchases & Cash Withdrawals 2.75 percent 2.75 percent 2. percent 3.25 percent 3.25 percent
Cash Withdrawal/Advance Charge   3 percent or  AED of the total amount (whichever is greater)
Card Replacement Fee Free
Late Payment Charge 230 AED
Over Limit Charge Free Free 250 AED

HSBC credit card FAQs

Q.1. Is there any interest charged on my HSBC credit card?

The HSBC credit card UAE gives a maximum of 56 no-interest period provided you continue to pay the outstanding amount in full, by the due date of payment.

Q.2. Can I convert my credit card purchases into monthly installments?

Yes, you can easily convert your credit card purchases into monthly installments at 0 percent interest rate.

Q.3. What is the minimum spend required to avail cashback?

There is no minimum spend required to avail cashback.

Q.4. Is it mandatory to provide signed security cheque?

 Yes, it is a mandatory document.

Q.5. Are there any charges applicable on credit shield?

Yes, 0.625 percent of the outstanding amount balance is charged as credit shield charges.

Q.6. Are the HSBC supplementary credit cards provided for free?

The first two supplementary cards are free, from the third card 50 AED is charged per supplementary card.

Q.7. Can I avail Agoda discount globally?

You can avail Agoda discounts with over 985000 vacation rentals & hotels worldwide.

Q.8. What is Air Mile program?

It is basically a loyalty program of HSBC UAE credit card that rewards its card member with Air Miles every time they make payment using their HSBC credit card.

Q.9. Can I avail Air Miles on HSBC supplementary card?

Yes, you can avail air miles on your supplementary card as well.

Q.10. Is there any fee for cash withdrawals?

You have to pay 100 AED or 3 percent whichever is greater.