Are you looking for a credit card that offers a range of exclusive benefits and rewards? If so, the HSBC Premier Mastercard Credit Card Singapore might be just what you need. This credit card is designed for high-net-worth individuals who want to enjoy a host of privileges and perks while managing their finances.
With the HSBC Premier Mastercard Credit Card Singapore, you can earn up to 5% cash rebates on dining, groceries, petrol, and transport both locally and overseas when you spend at least SGD 600 in a calendar month. You could earn up to SGD 1,800 cash rebates annually, and the cash rebate is capped at SGD 150 per calendar month. In addition, you can earn 1 Reward point per dollar on all purchases, which can be redeemed for a range of rewards such as air miles, shopping vouchers, and more.
This credit card also comes with a range of other benefits such as travel insurance coverage of up to SGD 1 million, access to exclusive airport lounges worldwide, and 24/7 concierge services. Whether you’re looking to travel in style, enjoy exclusive privileges, or simply manage your finances more efficiently, the HSBC Premier Mastercard Credit Card Singapore is definitely worth considering.
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Looking for a credit card with exclusive rewards and benefits? The HSBC Premier Mastercard Credit Card Singapore might be the perfect fit.
Key features:
- Earn up to 5% cash back on dining, groceries, petrol, and transport (both locally and overseas) when you spend at least SGD 600 per month.
- Earn 1 Reward point per dollar spent on all purchases.
- Enjoy travel perks like complimentary travel insurance and airport lounge access.
- Annual fee of SGD 192.60, waived for the first year and with subsequent waivers if you meet spending requirements.
Ideal for:
- Individuals seeking cash back on everyday spending.
- Travelers seeking travel insurance and lounge access.
Not ideal for:
- Individuals with low annual income (minimum SGD 30,000 required).
- Individuals who don’t spend enough to meet minimum spending requirements for fee waivers.
Overall, the HSBC Premier Mastercard Credit Card is a good option for those who want a card with a combination of cash back rewards, travel perks, and other benefits.
Key Features and Benefits
If you are looking for a credit card that offers exclusive rewards, generous cash rebates, travel perks, and dining privileges, then the HSBC Premier Mastercard Credit Card is the perfect card for you. Here are the key features and benefits that make this card stand out from the rest:
Exclusive Rewards Programme
With the HSBC Premier Mastercard Credit Card, you can enjoy a wide range of exclusive rewards and benefits. You can earn 5% cash rebates on dining, groceries, petrol, and transport, both locally and overseas, when you spend at least SGD600 in a calendar month. You could earn up to SGD1,800 cash rebates annually. Additionally, you can earn 1 Reward point for every dollar spent on all other purchases.
Generous Cash Rebates
The HSBC Premier Mastercard Credit Card offers generous cash rebates that can help you save money. You can enjoy up to 3.5% cashback on your purchases based on a base rate of 2.5% plus an additional 1% if eligible. You could earn up to a maximum of SGD 4,000 in rewards annually.
Travel Perks and Insurance
Travel in style with the HSBC Premier Mastercard Credit Card. You can enjoy complimentary access to over 1,000 airport lounges worldwide with the Mastercard Airport Experiences provided by LoungeKey. Additionally, you can enjoy up to SGD1,000,000 travel accident insurance coverage when you charge your travel fares to your card.
Dining and Lifestyle Privileges
The HSBC Premier Mastercard Credit Card offers a wide range of dining and lifestyle privileges. You can enjoy up to 50% off your dining bill at selected restaurants, and you can also enjoy discounts on spa treatments, golfing, and more. Additionally, you can enjoy exclusive access to events and experiences in Singapore and around the world.
Applying for the Card
If you are interested in applying for the HSBC Premier Mastercard Credit Card in Singapore, you will need to meet certain eligibility criteria and follow the application process. Here is what you need to know:
Eligibility Criteria
To apply for the HSBC Premier Mastercard Credit Card in Singapore, you must meet the following eligibility criteria:
- You must be a Singaporean or a Permanent Resident living in Singapore.
- You must be a salaried employee.
- You must be new to banking with HSBC Singapore.
Additionally, you will need to provide the following documents during the application process:
- Your NRIC or passport
- Your latest computerised payslip or latest 12 months’ CPF statement showing your latest 12 months’ income
- Your latest income tax notice of assessment
Application Process
You can apply for the HSBC Premier Mastercard Credit Card in Singapore via online form or using the HSBC Singapore app to get instant approval. Here’s how:
Apply via online form
- Visit the HSBC Premier Mastercard Credit Card product page on the HSBC Singapore website.
- Click on the “Apply now” button.
- Fill in the online application form with your personal and employment details.
- Upload the required documents.
- Submit your application.
Apply using the HSBC Singapore app
- Download the HSBC Singapore app on your mobile device.
- Log in with your HSBC online banking details.
- Select “Apply for a new credit card”.
- Fill in the online application form with your personal and employment details.
- Upload the required documents.
- Submit your application.
Once you have submitted your application, HSBC will review your application and notify you of the approval status. If approved, you will receive your HSBC Premier Mastercard Credit Card in Singapore within 7 working days.
Understanding the Fees
If you are considering the HSBC Premier Mastercard Credit Card in Singapore, it is important to understand the fees associated with the card. Here’s what you need to know:
Annual Fee and Waivers
The HSBC Premier Mastercard Credit Card has an annual fee of SGD 192.60. However, the good news is that the annual fee is waived for the first year. Additionally, if you spend at least SGD 12,500 on eligible transactions in a year, the annual fee for the subsequent year will also be waived.
Other Charges to Consider
Apart from the annual fee, there are a few other charges that you should be aware of:
- Interest rate: The interest rate for the HSBC Premier Mastercard Credit Card is 25.9% per annum, which is subject to compounding if the monthly interest charges are not paid in full.
- Late payment fee: If you do not make the minimum payment by the due date, you will be charged a late payment fee of SGD 125.
- Overlimit fee: If you exceed your credit limit, you will be charged an overlimit fee of SGD 40.
- Cash advance fee: If you withdraw cash using your credit card, you will be charged a cash advance fee of 6% of the amount withdrawn, subject to a minimum of SGD 15.
- Foreign transaction fee: If you use your credit card for transactions in a foreign currency, you will be charged a fee of 2.8% of the transaction amount.
It is important to note that these fees and charges are subject to change, and you should refer to the terms and conditions of the card for the most up-to-date information.
Rewards and Redemption
If you are looking for a credit card that offers great rewards and redemption options, the HSBC Premier Mastercard Credit Card is definitely worth considering. Here’s a quick overview of how you can accumulate reward points and redeem them for merchandise and vouchers.
Accumulating Reward Points
With the HSBC Premier Mastercard Credit Card, you can earn 1 reward point for every dollar spent on eligible transactions. Plus, you can earn up to 5% cash rebates on dining, groceries, petrol, and transport both locally and overseas when you spend at least SGD600 in a calendar month. That’s a great way to save money while earning reward points.
Additionally, HSBC Premier Mastercard Credit Cardholders can earn bonus reward points by participating in the HSBC Rewards Plus program. You can earn up to 10X reward points on selected transactions, including dining, entertainment, and online purchases.
Redeeming Points for Merchandise and Vouchers
Once you have accumulated enough reward points, you can redeem them for a wide range of merchandise and vouchers. You can choose from a variety of categories, including fashion, beauty, electronics, and more.
For example, you can redeem your reward points for a SGD50 Takashimaya voucher, a Dyson Supersonic Hair Dryer, or a Samsung Galaxy S20. You can also use your reward points to offset your credit card bill or donate them to a charity of your choice.
Additional Card Features
HSBC Premier Mastercard Credit Card comes with a range of additional features that make it a great choice for your everyday spending. Here are some of the features that you can enjoy with this card:
Contactless Payments and Security
With HSBC Premier Mastercard Credit Card, you can make contactless payments easily and securely. The card comes with Mastercard contactless technology, which allows you to make payments with just a tap of your card. This means that you can pay for your purchases quickly and conveniently, without having to insert your card or enter your PIN.
In addition, HSBC Premier Mastercard Credit Card also comes with advanced security features to protect you against fraud and unauthorised transactions. The card is equipped with chip and PIN technology, which makes it more secure than traditional magnetic stripe cards. Plus, you can set up SMS alerts to receive notifications of any transactions made on your card, so you can keep track of your spending and detect any suspicious activity.
Supplementary Cards for Family
HSBC Premier Mastercard Credit Card also offers supplementary cards for your family members. You can apply for up to 4 supplementary cards for your spouse, parents, or children, at no additional cost. This means that your family members can also enjoy the benefits of the card, such as cash rebates and travel insurance coverage.
Online and Mobile Banking Support
HSBC Premier Mastercard Credit Card also comes with online and mobile banking support, which allows you to manage your card account easily and conveniently. You can check your balance and transaction history, pay your bills, and redeem your rewards online or through the HSBC mobile app. Plus, you can contact HSBC customer service anytime if you have any questions or concerns about your card.
Tip
For added convenience and security, consider enabling biometric authentication, such as fingerprint or facial recognition, for online and mobile banking. This extra layer of protection ensures that only you can access your account, adding peace of mind to your banking experience.
Additionally, take advantage of HSBC’s travel insurance coverage by reviewing the policy details before your next trip, ensuring you’re fully informed about the benefits available to you.
Comparing HSBC Credit Cards
If you’re looking for a credit card in Singapore, you’ll find that HSBC has a range of options to choose from. In this section, we’ll compare the HSBC Premier Mastercard with two other HSBC credit cards: the HSBC Revolution and the HSBC Visa Infinite.
HSBC Premier Mastercard vs HSBC Revolution
The HSBC Premier Mastercard and the HSBC Revolution card are both popular options for those looking for a credit card in Singapore. The HSBC Premier Mastercard is a great choice for those who want to earn cash rebates on their everyday spending, while the HSBC Revolution card is perfect for those who want to earn rewards points.
Here’s a quick comparison of the two cards:
| Card Features | HSBC Premier Mastercard | HSBC Revolution |
|---|---|---|
| Annual Fee | SGD 192.60 | SGD 160.50 |
| Cash Rebates | Up to 5% on dining, groceries, petrol and transport | None |
| Rewards Points | None | Up to 10X rewards points on dining, entertainment and online purchases |
| Other Benefits | Complimentary travel insurance | Discounts and deals with HSBC Home&Away |
As you can see, the HSBC Premier Mastercard offers cash rebates on everyday spending, while the HSBC Revolution card offers rewards points on specific categories. Depending on your spending habits, one card may be a better fit for you than the other.
HSBC Premier Mastercard vs HSBC Visa Infinite
The HSBC Premier Mastercard and the HSBC Visa Infinite are both premium credit cards that offer a range of benefits and perks. The HSBC Premier Mastercard is a great choice for those who want to earn cash rebates, while the HSBC Visa Infinite is perfect for those who want to earn rewards points and enjoy luxury travel benefits.
Here’s a quick comparison of the two cards:
| Card Features | HSBC Premier Mastercard | HSBC Visa Infinite |
|---|---|---|
| Annual Fee | SGD 192.60 | SGD 650 |
| Cash Rebates | Up to 5% on dining, groceries, petrol and transport | None |
| Rewards Points | None | Up to 2 miles per dollar spent |
| Other Benefits | Complimentary travel insurance | Complimentary airport lounge access, golfing privileges, and more |
The HSBC Visa Infinite offers a range of luxury travel benefits, including airport lounge access, golfing privileges, and more. However, it comes with a higher annual fee than the HSBC Premier Mastercard. If you’re looking for a credit card that offers cash rebates on everyday spending, the HSBC Premier Mastercard may be a better fit for you.
Managing Your Card
As a HSBC Premier Mastercard credit cardholder, managing your card is easy and convenient. Here are some tips to help you understand your statement, make payments and transfers, and handle card issues.
Understanding the Statement
Your HSBC Premier Mastercard credit card statement is a summary of your transactions, payments, and outstanding balance. It is important to review your statement regularly to ensure that there are no errors or unauthorized charges. You can access your statement online through the HSBC Singapore app or through online banking. The statement includes the following information:
- Statement date
- Payment due date
- Minimum payment due
- Credit limit
- Available credit
- Transactions made during the statement period
- Fees and charges
Making Payments and Transfers
HSBC offers various payment options to make it easy for you to pay your credit card bills. You can make payments through the following channels:
- Online banking
- HSBC Singapore app
- AXS stations
- SAM kiosks
- Interbank GIRO
You can also make transfers from your HSBC account to your credit card account. This is a convenient way to pay your credit card bill if you have an HSBC account.
Handling Card Issues
If you encounter any issues with your HSBC Premier Mastercard credit card, such as a lost or stolen card, unauthorized transactions, or billing disputes, you can contact HSBC’s customer service hotline or visit a branch. HSBC also offers a 24-hour emergency hotline for card-related emergencies, such as card loss or theft.
In addition, HSBC offers various services to help you manage your credit card account, such as balance transfer, cash credit, cashback rewards, loans, investments, travel credit, and HSBC Advance. These services are designed to help you get the most out of your credit card and manage your finances more effectively.
Lifestyle Integration
If you’re looking for a credit card that seamlessly integrates into your lifestyle, the HSBC Premier Mastercard Credit Card is the perfect fit for you. With its wide range of benefits and rewards, you’ll be able to enjoy the best of both worlds.
Everyday Spend and Rewards
The HSBC Premier Mastercard Credit Card rewards you for your everyday spend, both locally and overseas. You’ll earn 5% cash rebates on dining, groceries, petrol, and transport when you spend at least SGD600 in a calendar month. You could earn up to SGD1,800 cash rebates annually. With a base rate of 1 Reward point per dollar on all purchases, you can also earn rewards points that can be redeemed for exciting rewards.
Exclusive Experiences and Events
As an HSBC Premier Mastercard Credit Cardholder, you’ll enjoy exclusive access to a range of lifestyle benefits. From hotel and home rental discounts to entertainment and food delivery deals, you’ll be able to enjoy the best of what life has to offer. You’ll also have access to exclusive events and experiences, such as Apple product launches and concerts, giving you the opportunity to indulge in your passions and interests.
With its convenient and seamless integration into your lifestyle, the HSBC Premier Mastercard Credit Card is the perfect companion for those looking to enjoy the best of both worlds. With a minimum annual income of SGD30,000 and a minimum monthly spend of SGD600, you can enjoy all the benefits that come with this card. So why wait? Apply for the HSBC Premier Mastercard Credit Card today and start living your best life.
Frequently Asked Questions
What fabulous perks does the HSBC Premier Mastercard offer for lounge access?
With the HSBC Premier Mastercard, you get complimentary access to over 1,000 lounges worldwide through the LoungeKey™ programme. You can also enjoy two complimentary visits per year to participating airport lounges, giving you a chance to relax and unwind before your flight.
How exhilarating is the mile earning potential with the HSBC Premier Mastercard?
The HSBC Premier Mastercard offers an exciting mile earning potential. You can earn up to 1.25 air miles for every SGD 1 spent on local transactions and up to 2.25 air miles for every SGD 1 spent on overseas transactions. Additionally, you can earn up to 10,000 air miles per calendar month.
Can you tell me about the cashback rewards with the HSBC Premier credit card?
The HSBC Premier Mastercard offers a cashback of up to 5% on eligible dining, groceries, petrol, and transport transactions, both locally and abroad. You can earn up to SGD 1,800 cash rebates annually, with a cash rebate capped at SGD 150 per calendar month.
What are the most thrilling benefits of having an HSBC Premier Mastercard?
Apart from the exciting mile earning potential and cashback rewards, the HSBC Premier Mastercard offers a host of other benefits. You get complimentary travel insurance coverage of up to SGD 1,000,000 (including COVID-19 coverage), as well as exclusive discounts and privileges on dining, shopping, and travel.
Is obtaining an HSBC Premier Mastercard a challenging endeavour?
To obtain an HSBC Premier Mastercard, you need to maintain an HSBC Premier account, which requires a minimum balance of SGD 200,000 in deposits and/or investments. However, if you meet the eligibility criteria, the application process is straightforward, and you can enjoy the benefits of the card in no time.
What salary must one earn to be eligible for the HSBC Premier credit card?
To be eligible for the HSBC Premier credit card, you need to have a minimum annual income of SGD 30,000 or a minimum deposit of SGD 200,000 in deposits and/or investments with HSBC.
Applying for Loans Was Never Simpler
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- NRIC/Work Pass
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