HSBC Bank | RMvalues

You may ask why yesterday we did not included the HSBC Premier MasterCard as it’s not cobrand card, it’s offered by HSBC. Well, we have to say, this is neither platinum status master credit card nor same like other banks platinum credit cards.

Although this HSBC Premier MasterCard come with many previleges and rewards, but it’s eligibility to apply and fee charges are very high and isn’t what that we — normal peoples can afford.

Let’s see why it’s so high class?

HSBC Premier MasterCard

Benefit

Fee-Free Pre-approved Credit Card and Supplementary Credit Card for Family
A dedicated HSBC Premier emergency hotline
International Rescue
home&Away Programme
A local best in class rewards programme that entitles you to superb offers on shopping, dining, entertaining and travel experiences around the world
Emergency cash advance of US $2,000 and next-day card replacement in the event of theft or loss
Priority service in the worldwide HSBC Banks.

Annual Income – Unknown (we guess it should be ‘very’ high)
Annual Fee* – Principle Waived, Supplementary Waived
*(Average Total Relationship Balance is RM200,000 or above: Free
Average Total Relationship Balance is less than RM200,000: RM150 per month)

Eligibility** – Principle 21 years old, Supplementary 18 years old
**(maintain an average monthly Total Relationship Balance of RM200,000 or more, which includes your Premier Savings, FlexiTime Deposit, Unit Trusts and Structured Investments at HSBC.)

Joining Fee	Waived
Cash Advance Fee	Minimum RM 15 or 5%
Minimum Monthly Repayment	Minimum RM 50 or 5%
Over-limit Fee	RM 25
Late Payment Charge	Minimum RM 5 or 1%, capped on RM 50
Interest Free Period	20 days
Card Replacement Fee	RM 50
Conversion For Overseas Transactions	Determined by MasterCard International + 1.25% of administration cost.
Sales Draft Request	RM 20/copy
Statement Request	Unknown

For more information, please visit http://www.hsbc.com.my/

HSBC Bank

HSBC Malaysia is one of the highest charges on Conversion For Overseas Transactions (Determined by MasterCard International + 1.25% of administration cost). Compare to other banks in Malaysia, they charge only 1% administration fee while HSBC Malaysia charge 1.25% administration fee, a 0.25% higher.

If you always use your card oversea or in transaction other than Ringgit Malaysia, please be aware of it, you’re probably losing some amount of money.

Let’s us get into details of what kind of Master credit cards HSBC Malaysia offer to you.

HSBC Malaysia doesn’t offer Platinum level of Master credit card.

HSBC Bank Master Classic

Benefit

HSBC SmartPrivileges
RM1 = 1 Reward Point (Valid for 3 years)

Annual Income – RM 18,000
Annual Fee – Principle RM 80 (1st year Annual Fee Waived), Supplementary RM 40

HSBC Bank Master Gold

Benefit

HSBC SmartPrivileges
RM1 = 1 Reward Point (Valid for 3 years)

Annual Income – RM 40,000
Annual Fee – Principle RM 160 (1st year Annual Fee Waived), Supplementary RM 80

Eligibility – Principle 21 years old, Supplementary 18 years old

Joining Fee	Waived
Cash Advance Fee	Minimum RM 15 or 5%
Minimum Monthly Repayment	Minimum RM 50 or 5%
Over-limit Fee	RM 25
Late Payment Charge	Minimum RM 5 or 1%, capped on RM 50
Interest Free Period	20 days
Card Replacement Fee	RM 50
Conversion For Overseas Transactions	Determined by MasterCard International + 1.25% of administration cost.
Sales Draft Request	RM 20/copy
Statement Request	Unknown

For more information, please visit http://www.hsbc.com.my/

Tag Archives: HSBC Bank

HSBC Premier MasterCard

HSBC Bank Master Credit Cards