HSBC Red Credit Card

HSBC Red Credit Card

The HSBC Red Credit Card comes with a permanent annual fee waiver. It offers 4% rebate on online purchases, and up to 4% rebate at designated merchant, along with a welcome offer. The high limit on rebate for online purchases makes it popular for using this card on platforms like Taobao, HKTVmall, or purchasing iPhones. Additionally, using PayMe for top-ups provides a 0.4% rebate. The reward cashback can be redeemed for miles, cashback, or gifts.
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HSBC Red Credit Card Highlights

Annual Fee
Perpetual annual fee waiver
Online spending
4  %
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Designated merchants
Up to 8  %
3 Offers Available
【Limited-time Extra Welcome Offer】Up to HK$800 in RewardCash
【Limited-time Extra Welcome Offer】Enter “HEROFLASH” Promo Code To Earn Up To HK$800 in RewardCash
【Limited-time Extra Welcome Offer】Up to HK$800 in RewardCash

From 13 July 2026 to 31 July 2026, successfully apply for a designated HSBC Credit Card online and enter “HEROFLASH” promo code to earn up to HK$800 in RewardCash as a boosted welcome offer.

New Credit Card Customers

  • Enjoy a total of up to HK$800 RewardCash:
    • Limited-Time Online Bonus: HK$300 RewardCash
    • Base Welcome Offer: HK$300 RewardCash
    • Cash Instalment Plan Offer: HK$200 RewardCash

Limited-Time Online Offer Details

  1. Apply for a designated HSBC Credit Card online and enter the specified promo code during application.
  2. Within 60 days of card issuance, meet the required spending amount, including at least one mobile payment or QR code transaction.
$50 RewardCash
HSBC Limited-Time Welcome Lucky Draw Up to 1,000,000 Miles
$50 RewardCash

From June 1 to July 31, 2026, successfully apply for a card online and accumulate a minimum spending of HKD/RMB 500 within the first 60 calendar days from the card issuance date to enter the lucky draw!

Winner of the lucky draw can get ONE of the prizes below:
🎁 Guaranteed Prize: $50 RewardCash; or
🎁 Grand Prize: $50,000 RewardCash (or up to 1,000,000 miles*) (24 Winners) – sufficient to redeem 5 round-trip business class tickets between HK and Europe# or enjoy Fine Dining month after month all year round^!

New Credit Card Customer will be entitled to FIVE lucky draw chances; Existing Credit Card Customers will be entitled to ONE lucky draw chance.

 

*Up to 1,000,000 miles (or $50,000 RewardCash) is the lucky draw prize and the redemption rate is as follows: Eligible HSBC EveryMile Credit Card holder could redeem 1,000,000 miles with $50,000 RewardCash; other eligible card holder could redeem 500,000 miles with $50,000 RewardCash.

$50,000 RewardCash (or up to 1,000,000 miles*) (24 Winners)
HSBC Limited-Time Welcome Lucky Draw Up to 1,000,000 Miles
$50,000 RewardCash (or up to 1,000,000 miles*) (24 Winners)

From June 1 to July 31, 2026, successfully apply for a card online and accumulate a minimum spending of HKD/RMB 500 within the first 60 calendar days from the card issuance date to enter the lucky draw!

Winner of the lucky draw can get ONE of the prizes below:
🎁 Guaranteed Prize: $50 RewardCash; or
🎁 Grand Prize: $50,000 RewardCash (or up to 1,000,000 miles*) (24 Winners) – sufficient to redeem 5 round-trip business class tickets between HK and Europe# or enjoy Fine Dining month after month all year round^!

New Credit Card Customer will be entitled to FIVE lucky draw chances; Existing Credit Card Customers will be entitled to ONE lucky draw chance.

 

*Up to 1,000,000 miles (or $50,000 RewardCash) is the lucky draw prize and the redemption rate is as follows: Eligible HSBC EveryMile Credit Card holder could redeem 1,000,000 miles with $50,000 RewardCash; other eligible card holder could redeem 500,000 miles with $50,000 RewardCash.

8% RewardCash rebate (up to HK$100 RewardCash per calendar month)
HSBC Red Credit Card – Earn Up to 8% RewardCash
8% RewardCash rebate (up to HK$100 RewardCash per calendar month) 8% RewardCash rebate (up to HK$100 RewardCash per calendar month)

From now until 31 December 2026, enjoy the following RewardCash offers with your HSBC Red Credit Card:

  • 8% RewardCash on the first HK$1,250 of eligible spending at selected local and overseas merchants each calendar month. Thereafter, earn 0.4% RewardCash with no spending cap on eligible transactions.
  • 4% RewardCash on the first HK$10,000 of eligible online spending each calendar month. Thereafter, earn 0.4% RewardCash with no spending cap on eligible online transactions.

Please refer to the Terms and Conditions for full promotion details.

4% RewardCash rebate (up to HK$400 RewardCash per calendar month)
HSBC Red Credit Card – Earn Up to 8% RewardCash
4% RewardCash rebate (up to HK$400 RewardCash per calendar month) 4% RewardCash rebate (up to HK$400 RewardCash per calendar month)

From now until 31 December 2026, enjoy the following RewardCash offers with your HSBC Red Credit Card:

  • 8% RewardCash on the first HK$1,250 of eligible spending at selected local and overseas merchants each calendar month. Thereafter, earn 0.4% RewardCash with no spending cap on eligible transactions.
  • 4% RewardCash on the first HK$10,000 of eligible online spending each calendar month. Thereafter, earn 0.4% RewardCash with no spending cap on eligible online transactions.

Please refer to the Terms and Conditions for full promotion details.

Things to consider

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Online shopping rebate

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Overseas rebate

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Annual fee waiver

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Cinema ticketing

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HSBC Red Credit Card Benefits

Cashback

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Cashback Base Rate
0.4  %
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Designated merchants
Up to 8  %
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Cashback Overseas
1  %
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restaurant
Cashback Dining
1  %
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Online spending
4  %
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Online Shopping
Up to 4  %
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Cashback Octopus Top Up Spending
0.4  %
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Airmiles

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Airmiles Base Rate
$ 10  per mile
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Airmiles Local
$ 10  per mile
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Airmiles Overseas
$ 10  per mile
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Airmiles Dining
$ 10  per mile
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Airmiles Local Online Shopping
$ 2.5  per mile
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Airmiles Overseas Online Shopping
$ 2.5  per mile
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Airmiles Supermarket
$ 5  per mile
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Airmiles Travel
$ 2.5  per mile
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Airmiles Octopus Top Up Spending
$ 25  per mile
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HSBC Red Credit Card More Info

New HSBC Rewards Partners
Starting from 11 May 2026, HSBC Hong Kong introduce three new mileage and hotel partners, bringing the total number of HSBC Rewards partners to 19, giving customers even more redemption options: 

  • New Travel Partners
    • Hilton (available for EveryMile Card and HSBC Privé only)
    • Hainan Airlines and China Southern Airlines (available for all credit cards, including EveryMile and HSBC Privé)
  • Redemption Rate
    • Preferential redemption rate for all EveryMile cardholders: 1 RC = 20 miles / hotel points

RewardCash rebates across the board, no minimum spending requirement, and no registration needed

  • Online transactions: up to 4% RewardCash rebate (capped at HK$10,000 per month) (equivalent to HK$2.5 per air mile); 0.4% rebate for remaining spending
  • Designated merchants spending: 8% RewardCash rebate ((capped at HK$1,250 per month); 0.4% rebate for remaining spending)
    • Food and beverage: Sushiro Hong Kong, TamJai SamGor Mixian, TamJai Yunnan Mixian 
    • Fashion and sports: - GU, Decathlon Hong Kong
    • Entertainment: NAMCO and TAITO STATION
    • Terms and Conditions apply
  • Octopus Automatic Add-Value Service and online bill payments transactions: 0.4% RewardCash rebate (equivalent to HK$25 per air mile)
  • Terms and Conditions apply

Perpetual annual fee waiver

McDonald’s: Enjoy a maximum of an extra $30 RewardCash each month via HSBC Reward+ Stamp Cards

Now, you can pay credit card bills of other banks with your HSBC credit card – simplify your credit card repayment by consolidating all payments to your HSBC credit card. You can settle your outstanding balances conveniently in just a few taps, with a 1% bill payment handling fee (minimum HKD120).

 

To borrow or not to borrow? Borrow only if you can repay!

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HSBC Red Credit Card Eligibility

Eligibility

Minimum Age
18  years old
Min. Annual Income
HK$ 120,000
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HSBC Red Credit Card Fees / Repayment

Fees

Annual Fee Waiver
Perpetual annual fee waiver
Annual Fee
Perpetual annual fee waiver
Foreign Currency Transaction Fee
1.95  %

Repayment

Minimum Payment
All interest and fees and charges including Annual Membership Fee(s) that may be charged, plus 1% of outstanding principal, plus any overlimit anount (if any) (the minimum amount of Minimum Payment is HK$50).
Late Payment Charge
Minimum Payment Due or HK$230, whichever is lower.
Retail Purchase APR
35.42  %
Cash Advance APR
35.42  %
Interest Free Period
56  days
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HSBC Red Credit Card Others Info

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Mastercard

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HSBC Red Credit Card HSBC Red Credit Card

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