Like Tree74Likes

HSBC Red Credit Card: the HSBC card you can actually understand

Reply
Page 10 of 12 FirstFirst ... 2 7 8 9 10 11 12 LastLast
  1. #91

    Join Date
    Feb 2015
    Location
    Hong-Kong
    Posts
    5,918

    exactly. A rubbish definition with no practicality for the customer.


  2. #92
    bdw
    bdw is offline

    Join Date
    Feb 2009
    Posts
    5,659

    I got screwed out of a "dining" promotion before when the restaurant I ate in was classified as a bakery by Visa/MC


  3. #93

    Join Date
    Mar 2016
    Posts
    209
    Quote Originally Posted by pin
    ...

    Can't cut and paste the text but in summary it says that online transactions are Eligible Transactions classified as online according to merchant code/transaction type as defined by MC except transactions made via e-Wallets.


    Key:
    - No obligation to clarify beforehand what a particular expenditure may get treated as
    - Online bill payments and AAVS get lowest tier cash back (0.4%)
    - if it falls in multiple categories, first it goes into lowest tier , then online spending (4%), then local supermarkets (2%), then overseas/local spending (except e-wallets, 1%).

  4. #94

    Join Date
    Mar 2010
    Location
    Hong Kong
    Posts
    232
    Quote Originally Posted by bdw
    Standard Chartered are the pricks that do this and they charge 1%.
    Incidentally, it was SC for me too, but before that Dah Sing - they did the same. Both MC. Are we sure this isn't an MC thing then?

    Name:  Screenshot 2020-01-22 at 12.33.50 PM.png
Views: 271
Size:  17.6 KB

    SC put this in their statement. If they're lying through their teeth (which wouldn't be beyond them) then... well... the bastards!
    bdw likes this.

  5. #95
    bdw
    bdw is offline

    Join Date
    Feb 2009
    Posts
    5,659
    Quote Originally Posted by tparker
    Incidentally, it was SC for me too, but before that Dah Sing - they did the same. Both MC. Are we sure this isn't an MC thing then?

    Name:  Screenshot 2020-01-22 at 12.33.50 PM.png
Views: 271
Size:  17.6 KB

    SC put this in their statement. If they're lying through their teeth (which wouldn't be beyond them) then... well... the bastards!
    I believe Mastercard have had this charge for a while, but Visa only started last year. Thats why the SC Asia miles card (mastercard) had this fee for a while, but the Priority banking (Visa Infinite) only started it last year.

    But the point is that this should be an internal cost to the bank, not passed to customers. HSBC does not pass it on. SC passes it on, I'm not sure what other banks do. It's really a stupid charge, buy in HKD with a HKD credit card and still get a 1% charge just because of some internal mechanism whereby the payment is processed offshore.
    jrkob, muzzdang and tparker like this.

  6. #96

    Join Date
    May 2009
    Posts
    649

    With AMEX no such charge


  7. #97

    Join Date
    Oct 2006
    Location
    Hong Kong
    Posts
    13,689
    Quote Originally Posted by bdw
    I believe Mastercard have had this charge for a while, but Visa only started last year. Thats why the SC Asia miles card (mastercard) had this fee for a while, but the Priority banking (Visa Infinite) only started it last year.

    But the point is that this should be an internal cost to the bank, not passed to customers. HSBC does not pass it on. SC passes it on, I'm not sure what other banks do. It's really a stupid charge, buy in HKD with a HKD credit card and still get a 1% charge just because of some internal mechanism whereby the payment is processed offshore.
    Its up to the credit card provider. My Citi Prestige for example is MC and it doesn't pass this charge on. My HSBC Red card is MC and it doesn't pass this charge on. My CCB Eye card is Visa and it doesn't pass this charge on.
    Paxbritannia likes this.

  8. #98

    Join Date
    Oct 2006
    Location
    Hong Kong
    Posts
    13,689

    Just FYI with HSBC Red, the limit on the card (well for me anyway) was very low (HKD20k). Have asked for an increase, but this has gone to review by a supervisor.


  9. #99

    Join Date
    Feb 2015
    Location
    Hong-Kong
    Posts
    5,918
    Quote Originally Posted by pin
    Just FYI with HSBC Red, the limit on the card (well for me anyway) was very low (HKD20k). Have asked for an increase, but this has gone to review by a supervisor.
    What's wrong with you !!!
    I got an insane limit, although I don't remember what it was, and had to lower it down to a more comfortable level.

  10. #100

    Join Date
    Oct 2010
    Posts
    19,342

    HSBC are useless on that stuff. I had a 50k limit for years, despite asking to raise it several times. In the end I just got an Amex and put everything I could on that.


Reply
Page 10 of 12 FirstFirst ... 2 7 8 9 10 11 12 LastLast