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HSBC Credit Card

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If credit is any indication of how the economy is doing, then the Philippine economy must be faring out well. Approximately 7.7% of Filipinos – or about 7.4 million – own credit cards, and one of the major providers of the so called plastic money in the Philippines is HSBC.

HSBC is one of the world’s highly respected brands when it comes to banking and financial services. This data is based on Global Banking 500, a review of the top financial services brands in the world.

“We welcome the Brand Finance Report’s Findings that HSBC is the only AAA+ ranked brand in financial services and is the most valuable financial services brand in the world. In these difficult times, values are more important than ever to customers and they want a bank that they can trust. At HSBC, we believe that by recognizing and understanding our customers’ values and priorities in life, we can better serve them,” says HSBC Philippines’ Senior Vice President and Head of Marketing, Christopher Rourke.

Different HSBC cards for different needs

HSBC currently offers four general types of credit cards and each one offers perks and advantages for varying requirements of different users.

For instance, specialty cards like the Red MasterCard is specially tailored for women who love to shop and dine in exclusive establishments in the country and around the world. Meanwhile, the Mabuhay Miles Visa and the HSBC Mabuhay Miles Platinum Visa offer perks and rewards to travelers who like to fly with Philippine Airlines.

While each type of card offers its own set of special perks, all of them share the same general benefits that HSBC offers to all its cardholders:

  • Global acceptance. HSBC is a respected MasterCard issuer, and because it is recognized globally, you are provided with 24/7 customer support anywhere you are. You can also use your card in virtually any establishment abroad.
  • Low interest rates. HSBC credit cards have competitive interest rates and other perks like merchandise and travel rewards, attainable cash back, and value-added benefits.
  • Easy online banking. HSBC has one of the strongest online backbones in the country, so it’s safe and easy to do online banking and online transactions via the HSBC official website. There’s absolutely no need to visit an actual HSBC bank to pay your bills or check your available credit limit. Simply register online so you can have immediate access to information that matters to you, along with other helpful services and features. Once you are a member, you can view your available credit and outstanding balance, your recent transactions, and account activity. You can even request for additional credit cards or indicate additional authorized users (extensions) for your credit card.



Featured Credit Cards:

HSBC Red MasterCard


FEATURES:

  • No annual fee for the first year
  • 3.25% finance charge
  • Enjoy Php500 or 3% cash advance whichever is higher
  • Get loads of royal pampering with RED HOT DEALS exclusive only to Red MasterCard holders.

MABUHAY MILES PLATINUM CREDIT CARD


FEATURES:

  • Get free Miles with the lowest point conversion ever to hit the market with only Php38!
  • Gain access to your credit card account anywhere in the world!
  • Enjoy as much as 30% of your credit limit in My Ally Instant Cash
  • Also enjoy a revolving Interest Rate of only 3.25%!

Landmark – Anson’s Card


FEATURES:

<ul>
<li>Free membership for 12 months</li>
<li>Lowest monthly fee of Php80 per month</li>
<li>Earn rewards when using your cards and exchange them for free gift certificates</li>
<li>Avail of Weekly Wednesday discounts</li>
</ul>

Citibank Shell VISA


FEATURES:

  • Get the HIGHEST fuel rebate in the market with Citi Shell Visa
  • Enjoy 24/7 emergency service for Gold Card holders in making any alternate plans in any cases of emergency.
  • gency cash once in need..
  • Pay an annual fee of only Php3000 for the primary card.

Featured Articles:

Should you let your kid have his own credit card?

Fact: there is already an increase of teens and college students who have their own credit cards. Credit card companies now aim on the two groups since they are the ones who spend more money than adults.

Educate your child on how to manage spending with a credit card. Parents an even use instances in the present state of affairs as an example to discuss to kids the pros and cons of credit cards.

Smaller credit limits are usual with these types of cards and while it may be easy to apply for one, credit card companies charge large interest rates and fees to the teenage credit card holders.

People who are below 18 are not legitimate in obtaining credit cards without the consent of their parents. Unfortunately, some kids fill out forms and receive credit cards without the knowledge of their parents. To avoid this, talk to them and help them realize the importance of beginning a solid credit history with their first card. Emphasize that it is of utmost importance to their future.

As a parent, start by reading the guidelines with your child. Make sure you call to attention all the terms written on the fine print. Avoid coming to the rescue if the bills get way out of control. This will teach him to be responsible in handling his money. A credit card spent by a teenager and paid by his parents initiates bad credit habits

Let the child bear in mind that his credit card sho uld be used in emergencies only. Monitor ALL his spending activities. Some credit cards even allow the parents to create their own credit limit for the supplementary cards. This is very logical especially if you are too busy with your career.

Parents can help their kids spend sensibly with the correct use of credit cards. At this early stage, it is better to prepare them in the reality of life by teaching them not to abuse its benefits.