HSBC Red Credit Card
Last Updated: Sep 2021
$ 120,000
Min. Annual Income
2 %
Local Spending - Cashback Rate
on local supermarket 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

Welcome Offers from HSBC

OFFER 1
$800 RewardCash Welcome Offers
  • Welcome Gift – $800 RewardCash (for New Customers): Spend over HK$8,000 or above within the first 60 calendar days from card issuance
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

  • Requirement Welcome Offer
    Spend over HK$8,000 or above within the first 60 calendar days from card issuance New Customers
    $800 RewardCash
  • 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
  • Enjoy up to 11% off and 4% spending rebate on selected hotel bookings at Hotels.com
  • Enjoy HK$30 off your orders at Deliveroo
  • Earn extra $20 RewardCash via HSBC Reward+ Stamp Cards at YATA

Need to know

  • The Welcome Offer Promotional Period starts from 1 August 2021 to 28 February 2022
  • The Welcome Offer is not applicable to applicants who have cancelled any personal primary credit card HSBC issued on or after 1 February 2021
  • 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$30 off promotion code. Customers can enjoy the discount maximum 2 times a month. Customers can earn 1 stamp via HSBC Reward+ upon making a single net transaction of HK$250 or above at YATA, successfully collect 3 stamps to redeem an extra $20 RewardCash.
  • To borrow or not to borrow? Borrow only if you can repay!

Year-round rewards

Local Spending
2%
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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