Overview of HSBC Credit Cards In Malaysia
The world's local bank brings a great range of conventional and Islamic credit cards to Malaysia.
From the Amanah M-Power range to the travel-ready HSBC Visa Signature, HSBC credit cards have something to offer everyone.
What are the Features and Benefits of HSBC Credit Cards?
1. Easy Ways To Earn Rewards Points
HSBC rewards generously to those who love to shop, thanks to its Rewards Points.
With HSBC Visa Platinum, you can enjoy 8x Reward Points when you tap your card for daily purchases (contactless spend) via MasterCard Tap & Go™, Visa payWave or Samsung Pay.
On top of that, this HSCB credit card will also reward you with 5x Reward Points for overseas and groceries spend, plus online shopping at Lazada, Shopee, Zalora, Grab, HappyFresh & Fave.
While shopping at local malls in Malaysia with HSBC Visa Signature can get you 5x Reward Points, you can also enjoy 8x Reward Points when you spend on all retail overseas, as well as on online spending made in foreign currency.
With all the reward points you’ve earned as part of your benefits, you can redeem a wide range of offers such as dining & shopping vouchers, electronic gadgets, home & kitchen appliances, air miles, annual fee waivers, lifestyle items, travel accessories and more!
2. Earn Cashback On Essentials
Swipe your HSBC Amanah MPower Platinum Credit Card-i on Petrol, Groceries and eWallets today, as you can get your cashback every month!
When your total monthly spending exceeds RM2,000, this card rewards you with 8% cashback.
For total monthly spending below RM2,000, 1% cashback will be yours.
This cashback is applicable to spending made at Caltex, Petronas, Shell, Giant, Tesco, AEON BiG and Mydin, and is capped at RM15 per month.
For another retail spend, 0.2% cashback will be rewarded with no monthly spend requirement and no capping.
3. Travel Benefits & Insurance Coverage
In addition to reward points and cashback, you are in for a world of privileges for your travel and leisure with HSBC Malaysia credit card!
The travel perks under HSBC Visa Signature credit card are designed to give you peace of mind when you go abroad.
On top of reward points you can collect on overseas, foreign currencies and selected local malls transactions, you will also receive Priority Passes to Plaza Premium Lounges.
Also, you redeem many exciting offers in the Home & Away Privilege Programme which include shopping, dining & entertainment discounts and exclusive deals at 19,000 outlets in more than 160 countries.
4. Flexible Credit Lines
HSBC cards are handy when you stumble on emergency cash needs.
To meet your varied financial needs, HSBC cards offers a range of lines of credit with flexible repayment methods at competitive rates.
5. HSBC Balance Transfer Plan
This programme is a debt consolidation plan with lower charges and flexible repayment tenures.
You can manage your finances via one consolidated account to monitor. All you have to do is to transfer outstanding balances from other credit cards to your HSBC credit card.
You can pay off the combined balances at 0% interest for the first 6 months to save on interest payments.
Please be noted that this feature is only applied to the new principal cardholders.
6. HSBC Balance Conversion Plan
With a minimum amount of RM500, you can choose to convert your retail transaction(s) or full/partial outstanding retail balances to affordable 36 months instalment.
7. HSBC Cash Instalment Plan
Need instant cash? HSBC Cash Instalment Plan is a cash loan plan with exclusive interest at 4.88% per annum.
Please take note that this applied only to cardholders whose credit card is approved in less than 6 months.
You can convert your available credit limit into instant cash with your choice of monthly repayment up to 60 months.
8. HSBC Card Instalment Plan
Another instalment option is via HSBC’s Card Instalment Plan where it comes with 0% instalment for up to 36 months at over 500 participating retail outlets.
Swipe and pay to access Card Instalment Plan’s benefits.
9. HSBC Cash Advance
Nothing beats being cash ready in unannounced situations, especially when you're travelling.
With cash advance on your card, your temporary financial needs can be instantly covered anytime and anywhere.
What is the HSBC credit card interest rate?
HSBC adopts a tiered interest rate in a range of 15% - 18% per annum. The interest rate charged will commonly be higher should you have a history of inconsistent repayments and lower interest rate if you are prompt in repayments.
What is the minimum monthly repayments for HSBC credit cards?
HSBC members are required to make minimum monthly repayments of 5% of the current balance or a minimum of RM50, whichever is higher.
Monthly repayments will have to be made on the stipulated due date.
Failing to do so may result in a late payment charge of a minimum of RM10 or 1% of total outstanding balance (excluding interests and fees), whichever is higher and up to a maximum of RM100.
How much does it cost to get a replacement HSBC card?
If your card got lost, stolen or damaged, you can get a replacement credit card for RM50 per card within 5-7 working days from the date of issuance.
Am I eligible to apply for HSBC credit cards?
To apply for an HSBC card, the principal cardholder will have to be at least 21 years old, while the supplementary cardholder is to be at least 18 years old.
Minimum annual income differs from card to card.
|APPLY FOR HSBC CREDIT CARD - ELIGIBILITY|
|Age of Principal Cardholder||min. 21 years old|
|Age of Supplementary Cardholder||min. 18 years old|
|Income Requirement (monthly)*||
*Please be noted that the minimum income requirement for expats might be different
What are the documents required to apply for HSBC credit card?
You can compare and apply for the HSBC card here.
To speed up your application, it’s best to prepare the documents required for the application.
|Documents to Apply for HSBC Credit Cards|
|Photocopy of MyKad / NRIC (both sides)||Photocopy of MyKad / NRIC (both sides)||Copy of Passport with personal details & work permit (min. validity one year)|
|Recent utility bill if the address on MyKad / NRIC is different from residential address||Recent utility bill if the address on MyKad / NRIC is different from residential address||Latest month salary slip|
|Latest month salary slip / Letter of Confirmation from employer (if employed <3 months)||Photocopy of Business Registration Form (min. establishment 2 years)||Letter of confirmation from employer stating position, remuneration and duration of employment|
|Bank statement showing latest 3 months salary credit||Latest Income Tax Return (Form B with payment receipts or CPO2 attached or EPF statement / Latest 6 months bank statements||Min. RM10k per month AND working for Multinational / Public Listed Companies / Government / Semi-Government / HSBR corporate lending employers only|
|Latest Income Tax Return (Form BE with tax receipt), Form EA or EPF||-||-|
*If you have applied for any supplementary card/s, please include a photocopy of your Supplementary cardholder's MyKad / NRIC (both sides)
How do I apply for a HSBC Credit Card?
Application can be made online! All you have to do is to compare all credit cards and apply. Not to forget, you can also get free gifts thanks to the ongoing HSBC credit card promotion.
Best HSBC Credit Cards in Malaysia 2020:
- HSBC Amanah MPower Platinum Credit Card-i
Enjoy extra savings and up to 8% cashback on your petrol, groceries and eWallets.
This HSBC cashback credit card makes it easy to save, even as you spend.
- HSBC Platinum Credit Card
Who doesn’t love being rewarded while spending money?
Meet your new shopping buddy - HSBC Platinum Credit Card which gives you 8X rewards and benefits when you spend on your contactless spends at the mall.
Not only that, this HSBC credit card also lets you claim for awesome dining and travel rewards!
- HSBC Visa Signature
Wouldn’t it be nice to have a credit card that rewards you more every time you travel overseas? HSBC Visa Signature credit card does just that.
This HSBC travel credit card also rewards cardholders handsomely when they shop locally.
So, swipe your way to exclusive benefits and privileges including 8x reward points and shopping discounts. It's your VIP access to the world around you!
- HSBC Premier Travel Credit Card
Explore the world with one of the best travel credit cards in Malaysia.
Available only to HSBC Premier account holders, the HSBC Premier Travel Credit Card offers one of the best air miles conversion rates among Malaysian credit cards.
On top of that, a generous 12x access to over 850 Loungekey airport lounges worldwide means you’ll travel in comfort and style all year long.