HSBC Red Credit Card
Last Updated: Mar 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
BENEFITS
ELIGIBILITY
APR/FEES
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

    • Get a Welcome Gift of $500 RewardCash (for New Credit Card Customers) when you use the card to make eligible transactions of HK$8,000 or above within 60 days of card issuance
    • Get an extra $200 RewardCash (for New Credit Card Customers) when you successfully apply for Cash Instalment Plan with an approved withdrawal amount equal to or above HK$30,000 and with a repayment period of 24 months or above to enjoy the offer

  • 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.
  • The Welcome Offer Promotional Period is from 1 March 2023 to 31 August 2023
  • The Welcome Offer is not applicable to applicants who have cancelled any personal primary credit card HSBC issued on or after 1 September 2022
  • 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

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