If you’re looking for a credit card that offers cashback rewards, the HSBC Premier Mastercard may be the perfect fit for you. With this card, you can earn up to 5% cash rebates on dining, groceries, petrol, and transport both locally and overseas. This is a great way to save money on everyday expenses while still enjoying the benefits of a credit card.
To be eligible for the HSBC Premier Mastercard, you must be an HSBC Premier customer and have a minimum income of $30,000 per year. Additionally, you must have an HSBC Premier account in Singapore. If you meet these requirements, you can apply for the card and start earning cashback rewards right away.
Using your HSBC Premier Mastercard is easy and convenient. You can use it to make purchases both locally and overseas, and you can also use it to withdraw cash from ATMs. You can also enjoy additional perks such as exclusive promotions and discounts at select merchants. With all of these benefits, it’s easy to see why the HSBC Premier Mastercard is such a popular choice among Singaporeans.
Key Takeaways
- The HSBC Premier Mastercard offers up to 5% cash rebates on dining, groceries, petrol, and transport both locally and overseas.
- To be eligible for the card, you must be an HSBC Premier customer and have a minimum income of $30,000 per year.
- In addition to cashback rewards, the card also offers exclusive promotions and discounts at select merchants.
HSBC Premier Mastercard Features
If you’re looking for a credit card that offers exclusive rewards and cashback, the HSBC Premier Mastercard is a great option. Here are some of the features that make this card stand out:
Exclusive Rewards and Cashback
With the HSBC Premier Mastercard, you can earn up to 5% cashback on eligible dining, groceries, petrol, and transport transactions, both locally and abroad. This means you can save money while enjoying your favourite activities. Additionally, you can earn one reward point for every dollar spent. These points can be redeemed for a range of rewards, including travel rewards, merchandise, and cashback.
Sign-Up Bonuses and Gifts
HSBC is currently offering some great sign-up bonuses and gifts for new cardholders. If you spend at least SGD1,000 and provide marketing consent upon applying, you can choose either a Samsonite ZELTUS 69cm Spinner Exp with built-in scale worth SGD680 or SGD150 cashback. Existing cardholders will still be eligible for SGD50 cashback. This is a great way to start earning rewards and cashback right away.
Overall, the HSBC Premier Mastercard is a great credit card for anyone looking to earn rewards and cashback on their everyday spending. With its exclusive rewards and sign-up bonuses, you can start saving money and enjoying your favourite activities right away.
Eligibility and Application
Income and Wealth Requirements
To apply for the HSBC Premier Mastercard, you must meet certain income and wealth requirements. You must have an annual income of at least £75,000 or savings and investments of at least £50,000 with HSBC. If you meet these requirements, you can enjoy the benefits of being an HSBC Premier customer, including access to exclusive products and services.
Application Process
The application process for the HSBC Premier Mastercard is simple and easy. To apply, you can visit the HSBC website and fill out the application form. You will need to provide personal information such as your name, address, and contact details. You will also need to provide information about your income, employment status, and other financial details.
Once you have submitted your application, HSBC will review your application and determine whether you are eligible for the HSBC Premier Mastercard. If you are approved, you will receive your card within a few business days. You can then start enjoying the benefits of the HSBC Premier Mastercard, including cashback on your purchases and access to exclusive offers and promotions.
So, if you meet the eligibility criteria and are looking for a credit card that offers cashback and other exclusive benefits, apply now for the HSBC Premier Mastercard.
Using Your Card Locally and Abroad
If you are looking for a credit card that offers great benefits both locally and overseas, the HSBC Premier Mastercard is a great option to consider. With this card, you can enjoy year-round 5% cash rebates on dining, groceries, petrol, and transport, both locally and overseas. To be eligible for this cashback, you need to spend at least $600 in a calendar month. You could earn up to $1,800 cash rebates annually, and the cash rebate is capped at $150 per calendar month.
Local and Overseas Benefits
The HSBC Premier Mastercard is a great card to use both locally and overseas. You can enjoy cashback benefits on dining, groceries, petrol, and transport, both locally and overseas. When you use your card overseas, you may be charged a transaction fee of SGD8. However, if you withdraw cash from an HSBC ATM overseas, you will not be charged any fees.
HSBC Everyday+ Rewards Programme
The HSBC Everyday+ Rewards Programme is a great way to earn rewards on your spending. With this programme, you can earn Reward points on all your purchases, which you can redeem for a range of rewards such as shopping vouchers, air miles, and cashback. You can earn 1 Reward point per dollar on all purchases, and there is no limit to the number of Reward points you can earn.
In conclusion, the HSBC Premier Mastercard is a great credit card to use both locally and overseas. With its cashback benefits and rewards programme, you can enjoy great benefits on your spending.
Fees and Charges
As with any credit card, it is important to understand the fees and charges associated with the HSBC Premier Mastercard. This section will provide you with an overview of the fees and charges that you can expect to pay.
Understanding the Annual Fee
The HSBC Premier Mastercard has an annual fee of $192.60. However, this fee is waived for the first year if you spend a minimum of $6,800 within the first 12 months of card issuance. This means that you can enjoy the benefits of the card without having to pay an annual fee for the first year.
Additional Charges to Consider
In addition to the annual fee, there are other charges that you should be aware of. For instance, if you make a late payment, you will be charged a fee of $55. If you exceed your credit limit, you will be charged a fee of $40. If you withdraw cash using your credit card, you will be charged a fee of 6% of the amount withdrawn or $15, whichever is greater.
It is also important to note that the HSBC Premier Mastercard has a minimum spend requirement of $680 per month. If you fail to meet this requirement, you will not be eligible for the cashback rewards that the card offers. Additionally, the cashback rewards are capped at $150 per calendar month.
Finally, it is important to keep track of your transactions to avoid any unexpected charges. HSBC Premier Mastercard does not charge any foreign transaction fees for overseas spending. However, some merchants may charge a foreign transaction fee, so it is important to check with the merchant before making a purchase.
Overall, the HSBC Premier Mastercard is a great choice for those who want to enjoy cashback rewards on their everyday spending. With its low annual fee and generous cashback rewards, it is a great way to save money while enjoying the benefits of a credit card.
Additional Premier Mastercard Perks
As an HSBC Premier Mastercard holder in Singapore, you get to enjoy more than just cashback rewards. Here are some additional perks that come with your card.
Travel and Insurance Advantages
When travelling, you can enjoy complimentary travel insurance coverage of up to $1,000,000, which includes COVID-19 coverage. This means you can travel with peace of mind knowing that you’re covered in case of any unforeseen circumstances.
Lifestyle and Exclusive Privileges
HSBC Premier Mastercard holders also get access to exclusive lifestyle and dining deals. You can enjoy up to 20% off on ala carte menu and non-alcoholic beverages at participating restaurants when paying with your credit card.
Moreover, you can take advantage of the various exclusive privileges that come with your card. You can choose either a Samsonite ZELTUS 69cm Spinner Exp with built-in scale worth SGD680, or SGD150 cashback when you spend at least SGD1,000 and provide marketing consent upon applying. Existing cardholders will still be eligible for SGD50 cashback.
In conclusion, the HSBC Premier Mastercard in Singapore offers more than just cashback rewards. You can enjoy travel insurance coverage, exclusive dining deals, and other lifestyle privileges. So, if you’re looking for a credit card that offers more than just rewards, the HSBC Premier Mastercard might be the right choice for you.
Frequently Asked Questions
What exclusive perks come with the HSBC Premier Mastercard for lounge access?
With the HSBC Premier Mastercard, you can enjoy complimentary access to over 1,000 airport lounges worldwide through the LoungeKey programme. In Singapore, you can access the Plaza Premium Lounge, SATS Premier Lounge, and The Green Market, among others. The card also offers access to the HSBC Premier Centre at Orchard Road, where you can enjoy exclusive banking services.
Can you detail the cashback rewards programme for the HSBC Premier credit card?
The HSBC Premier Mastercard credit card offers year-round 5% cash rebates on dining, groceries, petrol, and transport, both locally and overseas when you spend at least $600 in a calendar month. You could earn up to $1,800 cash rebates annually. Cash rebate is capped at $150 per calendar month.
How can I maximise my rewards with the HSBC Premier Mastercard in Singapore?
To maximise your rewards with the HSBC Premier Mastercard, you should use the card for your everyday spending, such as dining, groceries, petrol, and transport. You should also make sure to spend at least $600 in a calendar month to qualify for the 5% cash rebates. Additionally, you can take advantage of the exclusive promotions and privileges offered by the card.
What are the steps to redeem cashback on my HSBC Premier credit card?
To redeem your cashback on your HSBC Premier credit card, simply log in to your HSBC online banking account and select the “Rewards” tab. From there, you can choose to redeem your cashback as a statement credit or transfer it to your HSBC savings or current account.
Which airport lounges can I access with my HSBC Premier Mastercard in Singapore?
With your HSBC Premier Mastercard, you can access the Plaza Premium Lounge, SATS Premier Lounge, and The Green Market at Changi Airport in Singapore. You can also enjoy access to over 1,000 airport lounges worldwide through the LoungeKey programme.
How do customer reviews rate the HSBC Premier Mastercard’s benefits?
Customer reviews of the HSBC Premier Mastercard are generally positive, with many customers praising the card’s cashback rewards programme and airport lounge access. Some customers have also noted the card’s excellent customer service and exclusive promotions and privileges. Overall, the HSBC Premier Mastercard is a great choice for those looking for a premium credit card with excellent benefits.