Overview of HSBC Philippines Credit Cards

Hongkong and Shanghai Banking Corporation or universally known as HSBC is one of the biggest banks worldwide. In fact, according to Forbes Magazine, as of 2011, it is the second-largest banking and financial services group and second- largest public company worldwide.  It is categorized as universal bank and at the same time it has four business groups such as commercial banking, global banking and markets; personal financial services and private banking.

In November 1875, HSBC started to operate banking in Filipino-Chinese community in Binondo, Manila. The second branch follows at Iloilo but after ten years, in 1891, it was closed and a new branch opened in Ortigas Centre. Now, it has a total of 25 branches nationwide. Similar to other banks, it usually offers valuable products and services like deposit accounts, investments, electronic banking, credit cards, loans  and many more.

Types and Qualifications for HSBC Credit Cards

HSBC has numerous credit cards and the most usual of these are the Classic Card, Gold Card, Red Card, Advance Visa, Platinum Visa and the Premier Master Card. In each card, there are corresponding qualifications and requirements to be met so you can apply easily. But the most common qualifications or requirement are the following: you must be a Philippine resident, must be between 21 to 65 years old, employed in Metro Manila or in selected provincial areas and for every credit card there is equivalent gross annual income; for HSBC Classic Credit Card you must have at least P120, 000 gross annual income, P360, 000 for HSBC Gold Credit Card and for HSBC Platinum Visa Card, you must have at least P1, 000, 000 gross annual income.

HSBC Credit Cards also give privileges and awards to their clients, like for example for the users of Premier Master Card, if there is an accident of theft or loss they have the next-day card replacement and emergency cash advance of USD2, 000. For Red MaterCard users, exclusively for women, they will get discounts in selected branches such as nail.a.holic., Vivere salon, XOXO, Moschino, ALDO, and many more. HSBC Advance Credit Card also get privileges and awards like Free Annual Fee, where the primary cardholders will get annual fee waived for a minimum of P200, 000 and P100, 000 for the supplementary cardholders and the users charge a lower interest rate per month for only 3%.

Applying for HSBC Credit Card

If you will going to apply HSBC Credit Card it is advisable to apply through online, it is free of hassle and only for a short period. For more information just visit their website at http://www.hsbc.com.ph/1/2/personal/credit/compare

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