HSBC Red Mastercard

Make spending more rewarding with the HSBC Red Mastercard. Get 4x rewards points on shopping, dining, online, and overseas spend plus 3% rebate on Caltex fuel.

Minimum Annual Income

P200,000

(P16,667 Monthly)

Interest Rate

Annual Fee

Free

Apply Now

Special Promotions

Product Summary

HSBC Red Mastercard

Earn more rewards in every swipe with your HSBC Red Mastercard! Get 4x reward points on shopping, dining, online, and overseas spend, earn 3% rebate on Caltex fuel spend, and enjoy exclusive perks and discounts worldwide.

Enjoy no annual fees when you spend at least ₱100,000 annually
4x reward points on online, shopping, dining, and overseas spend
Earn 1 reward point for every ₱20 spend
6% rebate on your first Caltex fuel spend; 3% rebate year-round
Ideal for: online shopping and dining worldwide

Existing Credit Card	Required
Landline number	Required
Age	21 to 65 years old
Minimum Annual Income	P200,000

Annual Fee	Free
Monthly Effective Interest Rate	2%
Cash Advance Monthly Effective Interest Rate	2%
Minimum Amount Due	P500 / %
Cash Advance Fee	P200 / 0%
Cash Advance Monthly Effective Interest Rate	3.75%

Is this the right product for you?

Checkout the other credit card listings

Compare Now

Why Choose HSBC Red Mastercard?

Looking for a beginner-friendly credit card? The HSBC Red Mastercard should be right up your alley. Find out why this credit card rocks in this short review of the HSBC Red Mastercard.

No annual fees for life!

Want to enjoy your credit card without the pesky annual fees? If you apply for an HSBC Red Mastercard right now until December 31, 2021, say goodbye to annual fees forever!

Earn up to 4x bonus reward points

What’s better than earning points using your credit card? Earning accelerated rewards with your HSBC Red Mastercard. Get 4x bonus points for every ₱20 spend on dining, shopping, overseas, and online purchases—four spend categories most cardholders use their credit card for.

Earn up to 6% rebate on fuel expenses

Want more savings from your credit card? Let the HSBC Red Mastercard help you save on one of your common expenses: fuel. Just head down to the nearest Caltex station and use your credit card to get a 6% rebate when your first fuel up and 3% on succeeding fuel purchases.

Avail flexible 0% installment plans

With the HSBC Red Mastercard, you can convert big-ticket purchases like appliances, gadgets, and furniture into affordable 0% interest installments of up to 36 months. Installment transactions also earn you 3x bonus points as an incentive for dividing your payments.

Avail cash installment plans

Need some quick cash? Get a cash advance using your HSBC Red Mastercard and pay it back by availing a cash installment plan. It’s basically a more convenient way to pay back your cash advance in flexible and affordable installments.

Is HSBC Red Mastercard the Right Card for You?

The HSBC Red Mastercard is loaded with exciting perks, but it’s not the only beginner-friendly credit card out there. For one, it requires you to have at least one year of credit card ownership. If that’s a dealbreaker, check out these alternatives:

Citi Simplicity Card. This card is a good way to start your credit card journey. With no annual fees to worry about, you can practice managing a credit card until you’re ready for the next one.

HSBC Gold Visa Cash Back. This card may have a higher annual fee, but you get a 5% rebate on dining transactions and a 3% rebate on all spend all-year-round. Not bad for a credit card.

AUB Classic Mastercard. This is a no-fuss credit card with no annual fees to weigh you down. It also packs a roster of value-added services that justifies its lack of exciting rewards.

FAQ

All you need to do is apply for an HSBC Red Mastercard on the Moneymax website. From there, you can choose your welcome gift and once your application is approved, you can expect your gift to arrive within weeks. To learn more about our rewards, check out our FAQs.

There’s no need to spend anything with your HSBC Red Mastercard to get your welcome gift! Once your application is approved, all you have to do is wait for your gift to arrive. Trust us, it’s worth the wait!

You can enjoy no annual fees with your HSBC Red Mastercard when you make a single or accumulated spend of at least ₱100,000 annually. The spend period should start from the month the credit card was approved. Learn more about this promo here.

If you fail to meet the annual spend requirement, your annual fee will be automatically billed to your account. But you can still try to meet the annual spend in the succeeding years.

Earning rewards with your HSBC Red Mastercard is easy! Since evey ₱20 spend earns you 1 reward point, racking up reward points will be a breeze. Plus, earn 4x reward points when you spend on dining, shopping, online, and overseas spend.

Redeeming rewards is also easy. Just follow these simple steps:
Go to the HSBC Rewards Catalog page and choose the HSBC Red Rewards Catalog.
Open the PDF file and choose the reward you want to redeem. Take note of the following:
Item name
Item/Product code
Bonus points
Redemption Center Code
Cash amount
Once you’re ready, click the Redeem Now button on the upper corner of the PDF file.
You will be redirected to the HSBC Rewards Redemption page. Accomplish the form.
You will receive a claim code via SMS. Once you receive the code, proceed to the designated redemption center and present the following:
SMS indicating the claim code
Your HSBC Red Mastercard
1 valid government-issued ID with photo

Yes, they do. Bonus points earned are valid for up to three (3) years only so make sure to use your points wisely!

Yes. One of HSBC’s eligibility requirements is to have an existing and locally-issued primary credit card owned for at least 12 months.

Your credit card limit depends on your income as well as your credit history. HSBC decides this amount but you may request for an increase by calling the HSBC Customer Support Centre at (02) 8858-0000.

The turnaround time for HSBC credit card applications is 5 to 10 business days. This is upon submission of completed application forms and required documents. You may expect a call, text, or email from HSBC.