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HSBC Red Credit Card

Data last updated 27 October 2026
31.80%
Purchase rate
HK$0
Annual fee
650
Bonus points

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HSBC Red Credit Card card
Application

CardIQ

63Good

Good

Overall score, out of 100 · How this works

  • Cashback99
  • No annual fee77
  • Rewards35
  • Sign-up bonus41

What people say online

Mostly positive

Our ongoing analysis of online discussion about this product.

The HSBC Red Credit Card attracts positive discussion for its competitive cashback rates on online shopping and designated merchants, combined with no annual fee.

Customer reviews

No reviews yet. Be the first to review the HSBC Red Credit Card.

Pros & cons

What's good

  • 650 bonus HSBC RewardCash to start, worth HK$650.
  • The 31.8% p.a. purchase rate is below the 32% p.a. market median.
  • No annual fee.
  • Earns cashback on eligible spending.
  • No fee to add an additional cardholder.

Worth noting

  • Permanently waived for primary and additional (combined billing) cards; tax not mentioned; no spending requirement for waiver
  • Requires a minimum income of HK$120,000 a year.
  • Up to 56 interest-free days on purchases (below the 56-day median).

Card details

The basics

Additional cardholder fee
HK$0 p.a.
Card tier
Not published
Card type
Not published
Card use
Personal
Credit limit
Not published
Credit rating
Not published
Rewards program
HSBC RewardCash

Eligibility

Instant approval
Not published
Joint application
Not published
Minimum age
Not published
Minimum income
HK$120,000 p.a.
Residency
Not published
Temporary residents
Not published

Rates & fees

Ongoing interest rates

Cash advances
31.80% p.a.
Purchases
31.80% p.a.

Fees

Additional cardholder fee
HK$0
Annual fee
No annual fee
Cash advance fee
1% of the amount
Foreign transaction fee
1.95%
Late payment fee
HK$300
Over limit fee
HK$90

Repayments

Interest-free period
Up to 56 days on purchases
Minimum repayment
Total fees and charges currently billed to the card statement plus 1% of the statement balance (excluding any fees and charges currently billed) as at the statement date, or HKD300, whichever is higher; plus overdue or overlimit due

Balance transfers

This card has no promotional balance transfer offer.

Introductory purchase offer

This card has no introductory purchase rate offer.

Rewards

Earn rate

Earn rate
—
Points expiry
—

Cashback

Cashback cap
HK$400 per month
Ongoing cashback
4% on eligible spend

8% RewardCash at designated overseas and local merchants on first HKD1,250 per calendar month, then 0.4% unlimited; 4% on first HKD10,000 online per calendar month, then 0.4% unlimited; 0.4% general spend

Sign-up bonus

Bonus spend required
—
Sign-up bonus
650 points

Where this card sits vs similar cards

Compared with every other personal credit card we list that has the feature. The further right the dot, the better this card does.

Annual feeHK$0Tied for best (1st of 40 cards)
Overseas fee1.95%Top 25% (10th of 40 cards)
Purchase rate31.80%Better than most (11th of 40 cards)
Interest-free days56 daysBetter than most (12th of 40 cards)
Sign-up bonusHK$650Not as good as most cards (9th of 11 cards)

Data as at October 2026. Rates change often, so check the issuer's terms. Factual information, not a recommendation.

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Questions and answers

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Sources

Credit Card Compare
Credit card statistics for Hong KongHow CardIQ scores cards
Issuer
HSBC