HSBC Red Credit Card

Last Updated:May 2021

$120,000

Min. Annual Income

Offers

Benefits

Eligibility

APR/Fees

Offers

Welcome Offers from HSBC

OPTION 1

Up to HK$1,000 Welcome Offers

Welcome Gift – $800 RewardCash + HK$200 Wellcome supermarket vouchers (for New Customers) / $300 RewardCash (for Existing Customers): Spend over HK$8,000 or above within the first 60 calendar days from card issuance

Enjoy 4% RewardCash rebates for online spending; 2% RewardCash rebates for local supermarket transaction; 1% RewardCash rebates for other local and overseas spending

Perpetual annual fee waiver

Enjoy 4% RewardCash rebates for online spending; 2% RewardCash rebates for local supermarket transaction; 1% RewardCash rebates for other local and overseas spending

Perpetual annual fee waiver

Annual Fee Waiver

Octopus Reload Rebate

Utilities Wallet Rebate

Annual Fee Waiver

Octopus Reload Rebate

Utilities Wallet Rebate

Great for

Requirement	Welcome Offer
Spend over HK$8,000 or above within the first 60 calendar days from card issuance	New Customers $800 RewardCash + Extra HK$200 Wellcome supermarket vouchers	Existing Customers $300 RewardCash

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

Online transactions: 4% RewardCash rebate (equivalent to HK$2.5 per air mile)
Local supermarket transactions: 2% RewardCash rebate (equivalent to HK$5 per air mile)
Other local and overseas transactions: 1% RewardCash rebate (equivalent to HK$10 per air mile)
Octopus Automatic Add-Value Service and online bill payments transactions: 0.4% RewardCash rebate (equivalent to HK$25 per air mile)

Perpetual annual fee waiver

Exclusive handling fee offer for Spending Instalment as low as HK$50

Enjoy up to 11% off and 4% spending rebate on selected hotel bookings at Hotels.com

Enjoy HK$20 off your orders at Deliveroo

Need to know

The Welcome Offer Promotional Period starts from 1 March to 31 July 2021

The Welcome Offer is not applicable to applicants who have cancelled any personal primary credit card HSBC issued on or after 1 September 2020

Hotels.com discount is available on a first-come-first-served basis subject to monthly quota. Customers can enjoy 9% off after the quota is full. Discount is not applicable to non-participating hotels. Deliveroo discount is only applicable to Deliveroo orders over HK$150 by using the designated HK$20 off promotion code. Customers can enjoy the discount maximum 2 times a month.

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

Benefits

Year-round rewards

Cash rebate

Air miles rewards

Cash rebate

Air miles rewards

Local Spending

$5/mile

Overseas Spending

$10/mile

Supermarket Spending

$5/mile

Online Shopping Spending (Local)

$2.5/mile

Online Shopping Spending (Overseas)

$2.5/mile

Octopus Top Up Spending

0.4%

$25/mile

Eligibility

Minimum Age

18 years old

Min. Annual Income

HK$120,000

APR/Fees

Fees

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

36.43%

Cash Advance APR

37.75%

Other information

Credit card type

Mastercard

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HSBC Red Credit Card

Offers

Up to HK$1,000 Welcome Offers

Enjoy 4% RewardCash rebates for online spending; 2% RewardCash rebates for local supermarket transaction; 1% RewardCash rebates for other local and overseas spending

Perpetual annual fee waiver

Enjoy 4% RewardCash rebates for online spending; 2% RewardCash rebates for local supermarket transaction; 1% RewardCash rebates for other local and overseas spending

Perpetual annual fee waiver

Benefits

Year-round rewards

Eligibility

Eligibility

APR/Fees

Fees

Repayment

Other information

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HSBC Red Credit Card

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