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  %
2 Offers Available
New credit card customers successful application for the Cash Instalment Plan can enjoy a $200 RewardCash
HSBC Credit Card - Welcome Offer
New credit card customers successful application for the Cash Instalment Plan can enjoy a $200 RewardCash

Welcome Offer

  • New credit card customers who successfully apply for a Cash Instalment Plan can enjoy up to $200 RewardCash
  • Terms and conditions apply.
【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 23 April 2026 to 10 May 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.

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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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

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

Association

Mastercard

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HSBC Red Credit Card HSBC Red Credit Card

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