HSBC Premier Credit Card

Key Features

• No Annual Fee for Primary Premier Cardmembers
• No Annual Fee for Additional Cardmembers
• Interest-free credit for up to 51 days
• Pay a minimum of 5% of your monthly outstanding balance
• Competitive interest rate of 3.25% per month
• 50% cash advance of your available credit limit

Top

Worldwide Support

Your Very Own Rewards
With your HSBC Premier Credit Card, you receive free membership to the HSBC Premier Reward Redemption Programme. You get 1 Reward Point for every Rs. 50 spent on your HSBC Premier Credit Card. Each time you spend on your Premier Card, you earn rewards that offer even more ways to indulge in a broader world of opportunities with shopping, dining, entertainment, travel packages and free mileage.

You can redeem your Reward Points against Air Miles or Charity Redemption Programme.

Rewards on HSBC Premier Credit Card
HSBC Premier Credit Card account holders are eligible to earn 1 Reward Point for each Rs. 50 spent on your Card. Retail spend refers to international and local retail transactions. Reward Points would not be earned against cash transactions/Balance Transfer or any financial charges on the Credit Card.

Top

HSBC Premier Privileges

We recognise that as a Premier customer, you demand great value as well as all the best money can buy wherever you are in the world.

This is why HSBC has created a unique programme of special offers only for HSBC Premier Credit Card customers, which is called HSBC Premier Privileges. The programme provides access to a variety of travel, dining, shopping and entertainment offers around the world when paying for them with your HSBC Premier Credit Card. Your HSBC Premier Credit Card gives you exclusive free access to HSBC Premier Privileges.

So whether you're looking for travel, booking a restaurant or leisure activities or simply shopping either at home in Pakistan or when travelling abroad, HSBC Premier Privileges will provide you with a wealth of special offers and unique opportunities with renowned brands whenever you use your HSBC Premier Credit Card.

Visit Premier Privileges for full details of offers across the world at www.privileges.hsbcpremier.com.

Top

Insurances

Travel Protection Insurance

The Travel Protection Policy provides you and your family with a wide range of benefits while traveling anywhere in the world. For just around PKR996 a month, you and your family will be protected from all of the inconveniences that people encounter while traveling abroad.
The Travel Protection Policy benefits include:

Flight delay: Coverage upto PKR24,000/-
Baggage loss: Coverage upto PKR80,000/-
Baggage delay: Coverage upto PKR24,000/-
Trip cancellation: Coverage up to PKR400,000/-
Passport loss: Up to PKR16,000
Personal liabilities: Up to PKR80,000
Kidnapping and ransom consultation: Up to PKR800,000
Accidental death coverage: Up to PKR10,000,000/-
Permanent total disablement coverage: Up to PKR10,000,000/-
Death or permanent total disablement caused by accident in a common carrier or private car: Up to PKR20,000,000/-
Death or permanent total disablement caused by accident in a common air carrier: Up to PKR30,000,000/-
Loss of two eyes, two limbs or one eye and one limb: Up to PKR10,000,000/-
Loss of one eye or one limb: Up to PKR5,000,000/-
Emergency medical expenses coverage: Up to USD125,000/-
Emergency medical evacuation and repatriation coverage: Up to USD250,000/-
Follow-up expense (while travelling only): USD7,500/-
Repatriation of remains: USD12,500/-
Emergency dental care: Up to PKR24,000/occurrence; PKR8,000/tooth
Hospital cash benefit (PKR8,000 per day, max 12 days; deductible: 1 day): PKR96,000

The Travel Protection Policy gives you and your spouse and children worldwide coverage. For further details, please refer to the terms and conditions given in the travel insurance brochure available at your nearest HSBC branch in Pakistan.

Credit Cover Plus Insurance

Credit Cover Plus gives you total peace of mind by insuring you against unforeseen emergencies concerning your health so your loved ones will not be burdened with these payments. Under this cover, if you are unable to pay the minimum amount because of temporary disability, the underwriter will pay on your behalf. In the unfortunate event of prolonged critical illness, permanent disability or death, the underwriter will pay the entire current balance on your HSBC Premier Credit Card. Credit Cover Plus costs just 0.89% (89 paisas for every PKR100) of your monthly outstanding balance on your HSBC Premier MasterCard and is reflected on your credit card statement.

Benefits

HSBC Credit Cover Plus protects you against:

• Temporary total disability (TTD): In case of TTD, Credit Cover Plus makes minimum monthly payments for up to six months.
• Permanent total disability (PTD): In case of PTD, Credit Cover Plus makes full payment of the outstanding credit card balance to HSBC on your behalf up to a maximum of PKR2,000,000/-.
• Terminal illness (TI): In case of TI, where life expectancy is less than or equal to 12 months, Credit Cover Plus makes full payment of outstanding card balance up to a maximum of PKR2,000,000/-. Credit Cover Plus terms and conditions apply. For details, please refer to the Premier Credit Card terms and conditions.
• Death: In case of death due to any reason, Credit Cover Plus makes full payment of the outstanding card balance on your behalf up to a maximum of PKR2,000,000/-.
• If any outstanding monthly premium in respect of an insured cardmember is not received before the premium due date, the insurance coverage extended to such a cardmember in terms of this policy shall automatically terminate and the cardmember shall not be liable to be covered by the insurance company in such regard.

For further details, please refer to the HSBC Premier Credit Cover Plus brochure which includes the summary of cover.

Top

Worldwide Support

A Worldwide Safety Net for All Your Family
Protect your family too with additional cards that offer the same emergency assistance and the same recognition. Naturally, you'll pay no annual fee for primary and additional cards.

Your HSBC Premier Credit Card can support you even when you are traveling.

While traveling, you can make a call to Premier Emergency Hotline at + (1) 314 275 6781 which puts you in touch with a customer service representative, 24 hours a day, 365 days a year.

Top

Lower Interest Repayment Options

Balance transfer

Transfer your other bank Credit Card outstanding (any amount above Rs. 3000) to your HSBC Premier Credit Card and that too you pay back in easy installments. You can pay up to 2.5% interest on the balance transferred.

Click here to download and view the Terms and Condition applicable on your HSBC Premier Credit Card, already included in your Welcome Pack.

Loan on Phone (LoP)
Your HSBC Premier Credit Card provides you with an easy way to pay for the holiday of your dreams, jewellery, new TV or a computer through the exciting new 'Loan on Phone' feature.

You can order drafts against your HSBC Premier Credit Card account over the phone and have them delivered at your doorstep.

For further details on how to order a LoP today, call HSBC Premier hotline on 0800-85200.

Top

Easy payment options

Paying your HSBC Credit Card bill has never been easier.

You have the choice of many convenient modes of payment to settle your monthly dues: For payment involving cheque/draft, please make this payable to "HSBC Cards". Write your 16 digit HSBC Card number on the reverse of the cheque/draft along with your full name and contact number. In order to avoid being charged a late payment fee, please ensure that your cheque reaches us 3 working days prior to your payment due date as this will ensure that your cheque is cleared within the due date.

Standing Instructions
You can issue a written standing instruction to have a predetermined percentage (either 5% or 100%) of your monthly outstanding automatically debited from your account with HSBC on the payment due date. The account you nominate must be either your sole account or a joint account with "any" or "either" signing mandate.

Over the Counter
You can also make your payments by cash or cheque, quoting your 16-digit Credit Card number, at any HSBC branch in Pakistan and your cash or cheque will be deposited into your HSBC Premier Credit Card account.

Mail cheque/draft
You can mail a cheque/draft, to the HSBC branch closest to you. Collection charges will not be levied for any HSBC cheques or other bank cheque which are both payable and deposited in all HSBC Pakistan branches but will be levied (as per HSBC Schedule of Charges) for cheques payable in other cities.

Click here to get a complete list of HSBC Branches in Pakistan.

In order to avoid being charged for late payment fee, please ensure that your cheque reaches us 3 working days prior to your payment due date for its timely clearance. You are requested not to deposit any post-dated cheques while settling your HSBC Premier Credit Card dues.

Top

Other Benefits

Additional Cards

You have the option of giving an Additional Card to your loved ones so that they too can enjoy all the unique advantages that you enjoy.

Free Credit Period

You can get upto 51 days free credit on purchases without any finance charge being levied to your HSBC Premier Credit Card account. This is applicable provided your HSBC Premier Credit Card outstanding, as shown in the statement, is settled in full by the due date. However, if only partial payment is made, the interest free credit period will not be applicable and finance charges will accrue, based on daily balance on the outstanding from the date of the transaction.

International ATM Access

Cash Advance
You have access to cash, round the clock, at over 1,000,000 ATMs worldwide. These include MasterCard/Cirrus and all HSBC ATMs.

HSBC Premier Credit Card members can withdraw cash from any of the ATM within the overall limit specified by different associations/banks.

Using the cash advance facility will attract a cash advance fee and finance charges at the prevailing rate (refer to Premier Credit Card Schedule of Charges). On cash advance transactions, finance charges are applied from the date of the transaction until the entire outstanding amount is cleared in full.

To use the ATM facility, you will need to use your PIN which will be mailed to you by the bank within 2 weeks of HSBC Premier Credit Card issuance.

HSBC Premier Card members can access the internet to get complete details on MasterCard/Cirrus ATM locations in Pakistan and worldwide.

Top

Problem Resolution

In case if you face any issue with your HSBC Premier Credit Card, please contact your nearest HSBC Branch or HSBC Premier Call Centre on 0800 85200 or Customer Services & Correspondence.

Top

Important Information

Premier Credit Card

Everything You Need Is Right At Your Fingertips

Click on the links below to download/print the application forms. These forms are to be completed and submitted to the nearest HSBC branch, along with the relevant documents, for further processing. Adobe Acrobat Reader is required to download these forms.

• HSBC Premier Credit Cardmember Terms & Conditions
• HSBC Premier Credit Cardmember Terms & Conditions (Urdu)
• HSBC Premier Credit Card Schedule of Charges
• HSBC Premier Credit Card Application Form
• HSBC Premier Credit Card Balance Transfer Facility Form

Top