If you want flexibility when it comes to your next credit card then the HSBC Visa Gold Card could be for you. HSBC has a bunch of excellent features and benefits that cardholders can take advantage of. For example, if you’re dealing with an emergency, you can use the credit card at hospitals and pay for services on an installment basis.
When you are searching for a new credit card, you’ve got a host of important decisions to make. This is a great opportunity to sit down and seriously think about your financial health. Based upon where you are on the financial spectrum, you can determine which type of card is going to be best for you.
You might need low interest rates and no annual fees if you are in a financial crunch. You might want cash back rewards for the money you already spend. And there are a ton of other reasons you might want or need a credit card. Our editors have researched the HSBC Visa Gold Card and provided you with the important information you need to make an informed decision about whether or not this card is for you.
What are the Benefits of the HSBC Visa Gold Card
HSBC offers exclusive promos to cardholders, providing generous discounts for retail and services. In this article, we’re looking closely at the perks linked to having the HSBC Visa Gold Card.
Dining, shopping and travelling are more convenient with a credit card. Simply swipe your card to make payments then settle the balance within the 51-day interest-free period.
Security is one of the reasons to choose this credit card. Powered by Visa, the card has an EMV code to protect sensitive information of the credit card. HSBC also offers a 24/7 customer support hotline to assist customers when reporting stolen cards, unauthorised transactions and more.
If you’re constantly using your credit card, you’ll be glad to know that HSBC Visa Gold Card offers 0% interest on installments. This is applicable for expensive purchases like appliances, electronics or home furniture. Present the credit card upon payment and choose from the 3, 6 or 12 month installment plan.
Need emergency cash? Worry no more because you can use this card to withdraw cash from HSBC ATM systems all over the world. For a cash advance, you can get as much as 50% of your credit limit, if balance is available. Note that this does come at a fee and higher interest rate.
Moreover, because this credit card is powered by Visa, cardholders can enjoy worldwide acceptance.
What are the Fees of the HSBC Visa Gold Card
The joining fee for this credit card is Rs 750. Aside from this, cardholders can also expect an annual fee of Rs 2,500. The interest rate for retail is only 2.65% per month, while the cash advance fee is 5% per cash advance. If you miss the 51-day grace period, a late payment penalty of Rs 1,200 is added on top of your bill.
Overall, the HSBC Visa Gold Card is best for everyday expenses minus the high interest. It can also be used on an installment basis for urgent matters, like hospitalisation and other services. Apply now to have a backup every time you leave the house.
How to Apply for the HSBC Visa Gold Card
To successfully qualify as a cardholder, you must be at least 18 years old, employed and earning a minimum monthly salary of Rs 20,000.
You can apply online through the HSBC website or by visiting one of the HSBC branches in Sri Lanka.
Note that HSBC has the right to know personal information about applicants. You will be asked about your educational attainment, income, billing details and employer.
If successful, HSBC will set your credit limit depending on your financial capacity.
How to Contact HSBC Visa Gold
1, 24 Sir Baron Jayatilaka Mawatha
Colombo 00100, Sri Lanka
Telephone: +94 11 44 72 275
Note: There are risks involved when applying for and using a credit card. Please see the bank’s Terms and Conditions page for more information.