HSBC Credit Cards
HSBC credit cards consists of HSBC's own cards and also Orchard Bank and Household Bank credit cards
HSBC Credit Cards are catered to both to those with good or bad credit. They offer a small range of basic HSBC Mastercards. HSBC took over Household Bank a while ago, who had previously taken over Orchard Bank. Hence both Household Bank and Orchard Bank credit cards are now administered by HSBC Bank. We list HSBC credit cards below with a brief description of each one.
Directory of HSBC Credit Cards
The HSBC Platinum MasterCard® is HSBC's basic platinum credit card. With this card, you get a 0% introductory apr for 12 months and a potentially low apr as well thereafter depending on your credit. This card comes with typical platinum benefits and online account management. We recommend this card to those looking for a low apr credit card or for a good 0% balance transfer deal.
|HSBC Platinum Mastercard®
The HSBC MasterCard® with Cash Back Rewards is HSBC's cash back credit card. Cardholders earn 1% rebate for every dollar they spend. You can earn unlimited rebates with this card.
|HSBC Mastercard® with Cash Back Rewards
The HSBC MasterCard® with Cash or Fly Rewards is one of the more unique hybrid cash back reward credit cards. You have a choice of choosing either to convert your reward points into cash or to redeem for an airline ticket. You earn one point for every dollar you spend on the card and the cash rebate payout is 1%. You can earn unlimited points.
|HSBC Mastercard® with Cash or Fly Rewards
When HSBC took over Household Bank, they inherited both Household Bank's and Orchard Bank's credit cards. These credit cards are targeted at those with bad or no credit. The way it works is as follows : If you have bad credit or no credit, the best credit card to apply for is any of the Orchard Bank credit cards listed below. You may be approved for any one of them depending on your credit. If you have no credit history or very poor credit, chances are that you will be approved for the Orchard Bank Secured Credit Card. If not, you will get a regular unsecured credit card, either the Silver, Gold or Platinum version, depending on your credit. If your credit is much better than you though it was, you may be even be approved for an unsecured HSBC Mastercard.
The Orchard Bank Secured Mastercard is probably one of the best cards to get if you have no or poor credit. You can deposit anywhere from $200 to $15,000. Your credit limits will be set by your deposit, which acts as a collateral. The annual fee is $35.00, very low for a sub-prime credit card. This is the first card we recommend to those with poor or no credit.
|Orchard Bank Secured Mastercard®
If your credit is not as bad as your think it is, HSBC may approve you for a regular unsecured credit card. The first level is the Orchard Bank Silver MasterCard. If you are approved for the Silver Mastercard, you will have to pay an application fee of $49.00. The annual fee is also $49.00. Your card payments are reported to the three major credit bureaus.
|Orchard Bank Silver Mastercard®
If you are approved for the Orchard Bank Gold MasterCard®, you will have to pay an application fee of $19. The annual fee is $79.00.
|Orchard Bank Gold Mastercard®
If your credit is much better than you thought it was, you may be approved for the Orchard Bank Platinum MasterCard. The annual fee for this card ranges from $39.00 to $59.00. Your apr will also be lower than the other Orchard Bank credit cards. As with all other HSBC credit cards, your card payments will be reported to the three major credit bureaus.
|Orchard Bank Platinum Platinum Mastercard®
The Union Plus Credit Card is made for the union member in mind with benefits that cannot be found other cards. For example, this is the only credit card that allows you to skip 2 payments within 12 months. Furthermore, you are also allowed to skip up to 4 payments within 12 months if you go on a union approved strike or are involved in a lockout for more than 30 days. There is no annual fee and you get other union perks as well.
The The GM Card allows the GM afficionado to earn 5% rebates for every dollar spent on the card. These rebates can be used for the purchase of a NEW, "eligible" GM vehicle (up to a certain limit).
The GM Flex Card is the latest GM card which offers more flexibility than the original card. With this card, you earn 1% rebate for every dollar you spend on the card. If you choose to redeem the rebates when you purchase a NEW GM vehicle, then the 1% becomes 3%. However, if you decide to buy a non-GM vehicle instead, you can still use the 1% rebates you have earned. Alternatively, you can redeem the rebates for cash instead. This card will appeal to those who want to buy a new GM vehicle in the future, but is afraid of they may change their minds. If you are very sure you are going to buy a GM, then the original The GM Card is the better deal.
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