HSBC Credit Cards V.1



Click here to HSBC Malaysia Official Credit Card Website and to apply for thier credit cards.



*

I can confirm that for the last 3 years (2012, 2013 & 2014), I did not get annual fee auto waiver for my HSBC Visa Signature even tho I swipe more than 12 times (click on the links I provided below to my articles to learn more). Before you sign up for a HSBC Credit Card, reconfirm if the annual fee is automatically waived with 12 swipes, i.e. get black and white from CS or ask the HSBC agent to show you where this is stated in the T&C.

Below is what cyang81 reported:

Main Benefits of HSBC Credit Cards in general
1. Discount at selected merchants (go to HSBC website to learn more)
2. Contest (not sure if this should be a benefit but many members here do win something from time to time).
3. More than 1X Points at selected malls.
4. Travel Insurance for Gold Card.
5. Free Purchase Protection Insurance Coverage for Gold Card.
6. 0% installment plan at selected outlets. Go to HSBC website to see list.


Disadvantage of HSBC Credit Cards versus other cards
1. Reward points 1X only (however you may earn more than 1X Reward Points at selected malls/transactions for limited time subjected to quota)
2. HSBC credit cards promos (i.e. 5X, 8X and 10X Reward Points) are designed to make you spend more money on non-essential stuff. You get 1X points only for essential expenses (TNB, Mobile Phone Bills, Astro, Unifi, etc).
3. HSBC tele-marketing agents will disturb you very frequent and pester you to sign up for their Personal Loans (quickest way to drown in the shit hole of debt).
4. Reward points are not evergreen, good for 3 years only.
5. You get nothing when using it to pump petrol unless there is a promotion by HSBC. Click here to Petrol Thread.

HSBC limited time Balance Transfer Offer
Please note that HSBC do not issue separate account for their Balance Transfer Plan and payment is based on hierarchy. You are advised to understand the terms and conditions before you proceed to apply for their Balance Transfer Plan. Click here to read my article on Balance Transfer Plans - Facts You Need To Know.

Ways to apply for the HSBC Credit Cards
1. Online by clicking on the official website and click Apply Now, the 1st link of this Thread/Post. Usually they offer some kind of welcome gift.
2. If you are in Klang Valley, best place is at Mid Valley on weekends where there are tons of HSBC representatives more than willing to assist you in getting a HSBC Credit Card.

HSBC Customer Service Contact Numbers - In my opinion, they are now the worst and unfriendliness auto tele-answering system in Malaysia as far as Credit Card Customer Service is concerned.
1. HSBC Malaysia Customer Service General Line 1-300-88-1388 or 03-83215400

Useful Information
When calling HSBC Customer Service, select BM instead of English to speak to a Malaysian representative. Thanks to aeiou228 where he posted at FD thread at Main Finance Section.

Notice to HSBC Agents, please click spoiler below:


NOTE
If you sign up for an online account to check your credit card transactions, you will no longer be issued any paper statements in the mail. So, if you want to have paper statement sent to you monthly, DO NOT sign up for online account.

When we call HSBC to beg for annual fee waiver, nowadays HSBC will tell us to pay the annual fee upfront and then they will credit us back the payment. Well, I won't tolerate that kind of ridiculous insincere offer but will demand that my annual fee be waived on the spot. Click here to read my article titled "My HSBC Visa Signature Pisses Me Off Big Time" where I shared my experience on annual fee waiver for my HSBC Visa Signature and hopefully you can learn a thing or two from it.



HSBC also advertised that their Permeir and Visa Signature offers you 5X, 8X and even 10X Reward Points at selected malls and for certain overseas transactions. But what HSBC never tells you is that what they advertised as benefits are not standard card features but limited time promos. And if you did not know, HSBC promos ARE NOT valid all year round but for selected months within a year. And you need to register for HSBC so call card benefits yearly!!!

UPDATE January 2016 - Super Mini Review of the HSBC Amanah MPower Platinum-i

If any of you are considering of signing up for the HSBC Amanah MPower Platinum -i and thinks you're going to get 8% cash back for Petrol and Groceries.. best you click here and read my Introduction To Credit Cards - CC 101 where I will show you the that max cash back for petrol or groceries with the HSBC MPower is 2.35%

This post has been edited by Gen-X: Jan 7 2016, 07:12 PM

I got 1. Plan to cut.

This post has been edited by joey2000: Jan 2 2015, 10:37 AM

free hwawei tablet, yeah

v.2 Reporting in...

I am a vs user since 2011, no issue with my annual fee.......automated waive by the bank. My usage for this card is more than 12x per annual, but amount is small.

haha...im opposite with you. Been using since 2005 but need to call in every year to waive annual fees. >24x/year ~ RM30k

Thank you for sharing your experience. May be this bank dun has SOP of annual waiver process

So far I only have one credit card and no other account with this bank.

Wah, why you get special treatment, i.e. auto waiver without needing to call CS to request for it.

I also have to call to request. And nowadays no more toll free and got to waste time pressing this and that to talk to a human.

plan to cut the amanah. 3% is too little and retail had dropped to 0.2% instead.

Checked my 2013 & 2014 statement......I din see any annual fee charged into cc account

Cash back 8% for >RM2000.
RM100 max cap for platinum and RM50 for Visa Cash back.

Even you spend RM2000 at platinum, when you should have got back RM160 (8%), but it only capped at RM100. So you are not really get 8% also. Am i right?

Yes.. Ur effective cash back just 5% if u spend rm2000

You are right, they just put 8% there to look like very high..

And somemore effective 2015, below RM2000 is only 3% cash back compared to the previous 5%

This post has been edited by y2ronan: Jan 2 2015, 03:18 PM

correct. this card's cashback is a trap.

assuming total spend RM2000, u only get RM100 (max) for the cashback for RM1250 spent.

The remaining RM60 cashback (RM750 spent) is self-subsidized. HSBC only give you RM40 cashback.

So use this as 3rd or 4th card, simple as that.

just get the tablet and HTC phone and cut it off :tumbs:

Already got the tablet but the phone no news yet

Any bro got the Phone?

New year, new thread !👍

yeah, and they keep amending their t&c.
they amended their t&c in 2013 adding in an allocation of rm7.5million fcfs basis.
then amended again in 2014 from rm7.5million to rm5.2million.

phone need to wait until 1st of feb to get to know the rest.


seems the budget allocated is keep on reducing. so they are not making money with their card?

No, they offer too many gift to attract new customer. Cerruti watch, then huai Wei , then ...etc. they spent off all their money. I guess