HSBC Credit Card Philippines

By: EconomyWatch   Date: 6 October 2010

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EconomyWatch

The core Content Team our economy, industry, investing and personal finance reference articles.

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HSBC Credit Card Philippine was established in Philippine in the year 1875 in the area called Binondo. HSBC grew in the country through the opening of the second branch of it in the area called Iloilo where the main customers were related to the sugar industry which was in the booming phase at that time. Till the year 1994, the HSBC bank was not permitted to open as sufficient number of branches as required for providing more services. In the year 1994, an act named Foreign Bank Liberation Act, 1994 was passed which allowed the bank to expand its business arena in the country through opening of more branches for providing instant and world class service for its expanding clientèle.

The most significant as well as popular credit card offered by HSBC Credit Card Philippine is Mabuhay Miles Visa Card. Some of the benefits associated with this card type include the following :-

  • The most lucrative aspect of HSBC Credit Card Philippine is its level of acceptance in the whole world. It has been observed that more than thirty million establishments are there in the international sphere where Mabuhay Miles Visa Cards are acceptable.
  • The holders of this card of HSBC Credit Card Philippine are entitled to receive an insurance policy meant especially for traveling purposes. The coverage amount of such an insurance is P 15,00,000.
  • The Mabuhay Miles Visa Card entitles its customers in accumulating air miles with every purchase of the general commodities. The card holders are entitled to earn air miles at the rate of one mile in the air for every purchase of the amount equivalent to P 45.
  • The customer of the card issued by HSBC Credit Card Philippine can have access to a maximum of thirty percent of the total available credit in the form of cash. This can be withdrawn from any one of the total number of ATM counters available all round the world which is around 8,10,000.

 


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