HSBC Red Credit Card

Last Updated: Dec 2023
$
120,000

Min. Annual Income

4
%

Local Spending - Cashback Rate

on online shopping spending
For online shopping spending: 4% RewardCash; for local supermarket spending: 2% RewardCash; for other local and overseas spending: 1% RewardCash
1
%

Overseas Spending - Cashback Rate

For online shopping spending: 4% RewardCash; for local supermarket spending: 2% RewardCash; for other local and overseas spending: 1% RewardCash
Enjoy up to 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

Great for

  • Welcome Offer

      Red Hot Winter Spending Rewards

      Accumulated eligible transactions^ RewardCash earned
      Reach HK$12,000 5% RewardCash rebate. The offer extends up to $600 RewardCash
      Reach HK$38,000 Extra rewards on top of the above rebate including:
      • Extra $500 RewardCash;
      • Extra $200 RewardCash if any of the eligible transactions are made through an HSBC Visa Credit Card
      Up to an extra $1,300 RewardCash

      ^A single transaction on local or overseas spending of HK$500 or above are counted as eligible transactions

      - Registration needed

      - Eligible cards: all HSBC credit cards including student card

      - The extra $600 RewardCash of 「Red Hot Winter Spending Reward」 includes a maximum of an extra $300 RewardCash in relation to Eligible Local Transactions and an extra $300 RewardCash in relation to Eligible Overseas Transactions」。

      - If you are a supplementary card owner and do not own any other personal HSBC basic card, that supplementary card cannot be used in the 「Red Hot Winter Spending Reward」 and 「HSBC Travel Guru Membership Programme」offers

      Total RewardCash RewardCash items

      up to HK$1,300 RewardCash

      HK$200 RewardCash (Monthly Instalment(s) of Cash Instalment Plan) + up to HK$1,100 RewardCash (Red Hot Winter Spending Rewards)

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

    • Online transactions: up to 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
  • YATA: Enjoy a maximum of an extra $60 RewardCash in each phase via HSBC Reward+ Stamp Cards
  • McDonald’s: Enjoy a maximum of an extra $40 RewardCash each month via HSBC Reward+ Stamp Cards
  • MCL Cinemas: Enjoy a maximum of an extra $90 RewardCash each month via HSBC Reward+ Stamp Cards

Need to know

  • Make eligible transactions with single net spending amount of HK$200 or above at YATA to earn and collect one stamp via HSBC Reward+ stamp card function. You can earn a maximum of one stamp per day and you are entitled to earn a maximum of 9 stamps in each phase.
  • Make eligible transactions with single net spending amount of HK$25 or above at McDonald’s to earn and collect one stamp via HSBC Reward+ stamp card function. You can earn a maximum of one stamp per day and you are entitled to earn a maximum of 8 stamps each month.
  • Make eligible transactions with single net spending amount of HK$50 or above at MCL Cinemas to earn and collect one stamp via HSBC Reward+ stamp card function. You can earn a maximum of one stamp per day and you are entitled to earn a maximum of 9 stamps in each phase.
  • To borrow or not to borrow? Borrow only if you can repay!

Year-round rewards

Local Spending
4%
For online shopping spending: 4% RewardCash; for local supermarket spending: 2% RewardCash; for other local and overseas spending: 1% RewardCash
Overseas Spending
1%
For online shopping spending: 4% RewardCash; for local supermarket spending: 2% RewardCash; for other local and overseas spending: 1% RewardCash
Supermarket Spending
2%
For online shopping spending: 4% RewardCash; for local supermarket spending: 2% RewardCash; for other local and overseas spending: 1% RewardCash
Online Shopping Spending (Local)
4%
For online shopping spending: 4% RewardCash; for local supermarket spending: 2% RewardCash; for other local and overseas spending: 1% RewardCash
Online Shopping Spending (Overseas)
4%
For online shopping spending: 4% RewardCash; for local supermarket spending: 2% RewardCash; for other local and overseas spending: 1% RewardCash
Octopus Top Up Spending
0.4%

Eligibility

Minimum Age
18 years old
Min. Annual Income
HK$120,000

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%
Interest Free Repayment Period
56 days

Other information

Credit card type
Mastercard

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

Annual income of HKD120,000 or above