Tuesday, January 5, 2010

Details on HSBC Premier Credit Card and ATM (Debit) Card

Direct from my US Relationship Manager:

The Premier World Mastercard credit card has a 0% foreign transaction fee, 0% interest on purchases for the first year until December 2nd of 2010 and almost 20% interest on cash advances (not recommended of course since all credit cards have a high APY when you do a cash advance).

The debit card will not incur a foreign transaction fee when you withdraw money from other banks internationally since it is a Premier card but the other banks will charge you a per withdrawal fee. If you withdraw from HSBC HK, you will not incur any fees whatsoever.

Our Premier Support team stated that Hang Seng may not be reimbursed.

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