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  %
4 Offers Available
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.

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.
New credit card customers can receive $300 RewardCash
HSBC Red Credit Card Welcome Offer
New credit card customers can receive $300 RewardCash

New Credit Card Customers applying for HSBC Red Credit Card via HSBC website, HSBC Personal Internet Banking or HSBC App and make eligible transaction of HKD/RMB 5,800 or above within the first 60 calendar days after card issuance:

  • $300 RewardCash

 Terms and conditions apply.

New credit card customers can receive $300 RewardCash
Apply with Promo Code【HSBCRED】& Enjoy Up to HK$650 RewardCash
New credit card customers can receive $300 RewardCash

Promotion period: 24 August 2026 - 30 November 2026 

New credit card customers who apply for the HSBC Red Credit Card via the HSBC website, HSBC Personal Internet Banking or the HSBC HK App during the promotion period and enter promo code "HSBCRED" upon application will be eligible for the offer. Upon successful approval, cardholders who accumulate HK$12,000 or more in eligible spending within the first 60 calendar days from card issuance will receive:

    • An additional HK$350 RewardCash, bringing the total welcome offer to up to HK$650 RewardCash together with the basic welcome offer.

 

  • Cardholders must hold a valid HSBC Red Credit Card and maintain a good credit standing throughout the promotion period and when the reward is awarded.
  • Customers who have cancelled any HSBC personal credit card as the principal cardholder within the past 12 months, as well as supplementary card applicants, are not eligible.
  • HSBC will determine eligibility based on its records of eligible transactions.
  • The additional HK$350 RewardCash will be credited to the HSBC Red Credit Card account within four months after the eligible spending requirement is fulfilled.
  • If any transaction counted towards the reward is subsequently cancelled, or if the HSBC Red Credit Card is cancelled within 13 months from card issuance, HSBC reserves the right to claw back the RewardCash or deduct the equivalent value from the card account without prior notice.

Subject to the relevant terms and conditions.

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

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

Association

Mastercard

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HSBC Red Credit Card HSBC Red Credit Card

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