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HSBC Credit Card Comparison
Choose the credit card that fits you most.
Premier MasterCard® Credit Card 
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HSBC Visa Platinum Credit Card 
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HSBC Gold Visa Credit Card 
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HSBC Classic Visa Credit Card 
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| Benefits | ||||
| Credit Limit (VND) | 200 mil - 1 bil | 160 mil - 1 bil | 36 mil - 300 mil | 10 mil - 60 mil |
| Worldwide emergency encashment |  |
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Golf Privileges
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800 VND = 1 Point * | 800 VND = 1 Point | 1,000 VND = 1 Point | 1,000 VND = 1 Point |
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| Requirements | ||||
| Application Criteria | Exclusive for HSBC Premier Customers |
Monthly income VND 40mil+ |
Monthly income VND 12mil+ |
Monthly income VND 8mil+ |
| Annual Fee (VND) |
Primary card: free Supp. card : free |
Primary card: 1,500,000 Supp. card : 1,000,000 |
Primary card: 600,000 Supp. card : 400,000 |
Primary card: 300,000 Supp. card : 200,000 |
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* Applicable from 03 January 2012.
Application Criteria:
- Vietnamese individuals or Vietkieu
- Age from 18 to 65
- Monthly personal income of at least VND10,000,000
- House value at least VND800,000,000
Documents required
- Home Mortgage Loan application form (original copy)
- Identification card (a certified copy or the original ID to be crosschecked at the Bank. The date of issuance of the ID card must not exceed 15 years with identifiable details and photo)
- Household registration book / Temporary residence book
- Marital Status Certificate
- Copy of purchasing house ownership certificate
- Proof of income
- Copy of other asset ownership certificates (if any)
Example of interest calculation
We calculate the interest for our Home Mortgate Loan on a reducing balance. Here is an example for a VND 60 million loan over a 12 month term:
As illustrated
| Other Banks | HSBC | |||||
| Fixed balance at 13.5% | Reducing balance at 22% | |||||
| Month | Principle | Interest | Principle | Principle | Interest | Principle |
| 1 | 5,000,000 | 684,375 | 5,684,375 | 4,478,996 | 1,136,667 | 5,615,663 |
| 2 | 5,000,000 | 684,375 | 5,684,375 | 4,563,848 | 1,051,815 | 5,615,663 |
| 3 | 5,000,000 | 684,375 | 5,684,375 | 4,681,448 | 934,215 | 5,615,663 |
| 4 | 5,000,000 | 684,375 | 5,684,375 | 4,767,275 | 848,388 | 5,615,663 |
| 5 | 5,000,000 | 684,375 | 5,684,375 | 4,829,309 | 786,354 | 5,615,663 |
| 6 | 5,000,000 | 684,375 | 5,684,375 | 4,920,797 | 694,866 | 5,615,663 |
| 7 | 5,000,000 | 684,375 | 5,684,375 | 4,994,611 | 621,052 | 5,615,663 |
| 8 | 5,000,000 | 684,375 | 5,684,375 | 5,141,350 | 474,313 | 5,615,663 |
| 9 | 5,000,000 | 684,375 | 5,684,375 | 5,219,253 | 396,410 | 5,615,663 |
| 10 | 5,000,000 | 684,375 | 5,684,375 | 5,294,891 | 320,772 | 5,615,663 |
| 11 | 5,000,000 | 684,375 | 5,684,375 | 5,412,012 | 203,651 | 5,615,663 |
| 12 | 5,000,000 | 684,375 | 5,684,375 | 5,696,210 | 100,949 | 5,615,663 |
| Total | 60,000,000 | 8,212,500 | 68,212,500 | 60,000,000 |
7,569,450 |
67,387,953 |
As illustrated
- Although the interest paid on the reducing balance loan appears higher, it is actually less than the interest paid on the fixed balance loan, due to the way the interest is calculated
- To be diligent, you should always ask the effective rate or the total interest payable of your loan.
