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.
HSBC Credit Card Campaign FAQs:
For a limited time only, approved applicants of eligible HSBC credit card(s) will receive a free sign-up gift of an Apple Watch Series 8.
This promotion runs from 5 December 2022 to 12 December 2022, subject to the campaign's terms and conditions.
Do I get any other gift if I don’t qualify for the main gift?
Successful applicants, who do not qualify for the main gift promotion will still be entitled to a free gift such as follow:
- RM600 Cash via DuitNow
Who is qualified for this promotion?
This campaign is open to new customers only. Existing primary cardholder(s), those who have cancelled their HSBC credit card(s) within 6 months, and also persons who had their HSBC card application approved or denied within 6 months from the campaign’s start date are not eligible.
How to be eligible for the free gift?
Once your HSBC credit card is approved, you must spend a minimum of RM1,000 with the new card within 60 days from the approval date before being eligible for the free sign-up gift.
Which credit card(s) can I apply for?
You can apply for:
- HSBC Amanah MPower Platinum Credit Card-i
- HSBC Platinum Credit Card
- HSBC Visa Signature Credit Card
Where can I reach out for more information?
For any questions, please get in touch with us via email at [email protected]. We're happy to help!
What are the Features and Benefits of HSBC Credit Cards?
1. Easy Ways To Earn Reward Points
HSBC rewards generously those who love to shop, thanks to its Reward Points.
With HSBC Visa Platinum, you can enjoy 8x Reward Points when you tap your card for daily purchases (contactless spending) via MasterCard Tap & Go™, Visa payWave or Samsung Pay.
On top of that, this HSBC credit card will also reward you with 5x Reward Points for overseas and grocery spending, plus online shopping at Lazada, Shopee, Zalora, Grab, HappyFresh and 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 and 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 E-Wallets 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 spending 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 an HSBC Malaysia credit card!
The travel perks under the 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, and foreign currencies and selected local mall transactions, you will also receive Priority Passes to Plaza Premium Lounges.
Also, you can redeem many exciting offers in the Home & Away Privilege Programme which includes 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 offer 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 note 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 an affordable 36 monthly 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 is applied only to cardholders whose credit cards are approved in less than 6 months.
You can convert your available credit limit into instant cash with your choice of monthly repayment for up to 60 months.
8. HSBC Card Instalment Plan
Another instalment option is via HSBC’s Card Instalment Plan which comes with a 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 interest rate of the HSBC credit cards?
HSBC adopts a tiered interest rate in the range of 15% to 18% per annum.
The interest rate charged will commonly be higher should you have a history of inconsistent repayments and lower interest rates if you are prompt in repayments.
What are 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 the 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 credit card?
If your card got lost, stolen or damaged, you can get a replacement credit card for RM50 per card within 5 to 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||Minimum 21 years old|
|Age of Supplementary Cardholder||Minimum 18 years old|
|Income Requirement (monthly)*||
*Please note that the minimum income requirement for expats might be different.
What are the documents required to apply for an HSBC credit card?
You can compare and apply for the HSBC card here.
To speed up your application, it’s best to prepare the general documents required for the application like the following.
|Documents to Apply for HSBC Credit Cards|
✔ Copy of IC (both sides)
✔ Latest 3 months salary slips OR latest EPF statement
✔ Latest 6 months bank statements
✔ Latest BE Form with an official tax receipt
✔ Copy of IC (both sides)
✔ A copy of Form 9, 24 and 49 OR Business Registration Certificate
✔ Latest 6 months company's bank statements
✔ Latest B Form with an official tax receipt
✔ Copy of Passport
✔ Latest 3 months salary slips
✔ Letter of confirmation from employer stating position, remuneration and duration of employment
✔ Employed with Multinational/Public Listed Companies/Government/Semi-Government/HSBR corporate lending employers only
*If you have applied for any supplementary cards, please include a copy of your Supplementary card holder's IC (both sides).
How do I apply for an HSBC Credit Card?
An application can be made online with us at RinggitPlus!
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 2022:
- 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 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 Plaza Premium Lounges around the world means you’ll travel in comfort and style all year long.