HSBC Offering 3 x Points On Their Platinum Mastercard® With Rewards Credit Card

For its introductory promo, HSBC is giving 3x points for every purchase made during the first 12 months after the card issuance. This amounts to 3 points earned for each dollar customers spend within the first year of the account. However, this offer is only applicable to the first $10,000 spent on purchases.

After the introductory offer, earning rewards will revert to regular points scheme, which gives 1 point for every dollar spent. Cardholders are urged to keep in mind that this regular scheme will be in effect after spending $10,000 within the first year or upon the end of the first year, whichever comes first.

Rewards can be redeemed through more than 3,000 partner establishments, which includes brands dealing with electronics, kitchenware, sports and luggage. Customers also have the option to pick from various gift cards provided by leading merchandisers. They can also opt to get cash back directly deposited to their accounts.

Those interested can apply for a Platinum Mastercard with Rewards via online application. Candidates are advised to have financial and employment details on-hand, as the bank will require these in addition to personal information. The bank may also have eligibility criteria regarding income, monthly expenditure and credit background. Documents that may need to be submitted include latest pay slips, bank statements and credit scores.

Interested clients can also apply via phone or branch visit.

Meanwhile, the bank reminds applicants that they are responsible for paying fees and charges. While the Platinum Mastercard with rewards does not have annual, foreign transaction and additional card fees, clients will be paying for interests and penalty fees.

For this offer, the bank will give a 0% introductory annual percentage rate (APR) for purchases and balance transfers during the first 12 months. Afterwards, the APR for purchases and balance transfers can be 15.24%, 19.24% or 25.24% and will be assigned based on the applicant’s creditworthiness.

The APR for cash advances is 27.24%, which is variable depending on the Prime Rate. Cardholders who fail to pay their dues on time will be charged up to $37 in penalty fees.

RELATED ARTICLES

Program for an Electric Vehicle Tax Credit for Union-Built Vehicles
Credit

Program for an Electric Vehicle Tax Credit for Union-Built Vehicles Faces Obstacle

House Democrats' plan to provide customers with an additional option to encourage union-built vehicles has sparked controversy and discussion among legislators, manufacturers, and other parties. The House Ways and Means Committee last week cleared the tax breaks for consideration in the Democrats' $3.5 trillion budget bill measure, despite vocal objections...
Williams-Sonoma Key Rewards Credit Card Program
Credit

Williams-Sonoma and Capital One Introduce The Key Rewards Credit Card Program

Williams-Sonoma, Inc., a leading American home retail company, revealed that it has partnered with bank holding company Capital One to introduce the Key Rewards Credit Card Program. The company’s top-level Key Rewards program is upgraded with new credit cards. Cardholders can accumulate rewards when they shop at Williams Sonoma, Inc....
Federal Bank Credit Cards In Partnership With Visa
Credit

Federal Bank Introduces Credit Cards In Partnership With Visa

Federal Bank has announced the introduction of its credit card in India. To offer credit cards to its current clients, the private banking company has collaborated with Visa, the worldwide financial services corporation. As per Shyam Srinivasan, Managing Director and CEO of Federal Bank, the issuance of the card would...
Wells Fargo Personal Credit Lines Closure Plan
Credit

Wells Fargo Drops Personal Credit Lines Closure Plan

Wells Fargo & Co. sparked a public outcry when it announced plans to phase down personal lines of credit in July, but the firm will reverse direction on August 18, 2021. Customers who have been using their personal credit lines have just received notice from the San Francisco-based lender...
Universal Credit Human Rights Legislation
Credit

The Reduction in Universal Credit Violates Human Rights Legislation

According to the UN's poverty expert, reducing universal credit by £20 per week is an "unjustifiable" decision that violates human rights law and would certainly lead to an expansion of poverty. The retreat of the £1,000-a-year uplift from next month, according to Olivier De Schutter, the UN-appointed chair of the...
Credit Cards Dark Web Data Leak
Credit

Hackers Leak 1M Credit Cards on the Dark Web

One million stolen credit cards have been posted by hackers on the Dark Web through AllWorld.Cards. The act was reportedly done by cybercriminals in an attempt to promote their activities and operations, as well as make their organization known. The leaked credit card information was discovered by cybersecurity researchers from...
Carter’s Child Tax Credit May Boost Children’s Apparel Business
Credit

Carter’s Says Child Tax Credit May Boost Children’s Apparel Business

Carter’s, an American retailer for children’s apparel, says that with the new child tax credit rolling out across the United States, and as the usual shopping for back-to-school resumes, the company is confident about its opportunities. To meet the consumers’ demand, the company is being compelled to pay extra to...
Younited Credit Yields Million in Fund
Credit

Younited Credit Yields $170 Million in Fund Round

Younited Credit, a France-based company, has secured $170 million in fund round. Consumers in Europe can choose from a variety of credit options offered by the startup. It also employs a multi-distribution method. The funding round, which is led by Goldman Sachs, has participants including existing investors such as Bpifrance,...
Sterling Construction Modifies Credit Agreement
Credit

Sterling Construction Modifies Credit Agreement with BMO Harris Bank

Sterling Construction Company, Inc. has modified its current credit agreement with BMO Harris Bank, its lending group. It has revealed that numerous terms of the agreement are revised. Two of the terms include lowering the existing credit agreement borrowing interest rate by 2% points and reducing the credit agreement's future...