MakeMyTrip and HSBC have launched their co-branded credit card HSBC MMT Signature card for customers who wish to benefit from their travel, lifestyle and holiday spends and avail attractive privileges, gifts and vouchers on the same. The HSBC MakeMyTrip credit card is issued by The Hong Kong and Shanghai Banking Corporation Limited, India (HSBC) so that customers can avail exclusive benefits and privileges, especially while using services offered by Indian online travel company called MakeMyTrip.
Fuel Surcharge Waiver:
When you purchase fuel worth Rs. 400 to Rs. 4000 using your HSBC MMT Signature card, you can avail a fuel surcharge waiver. This is applicable across all fuel stations in India.
Lost Credit Card Liability:
In case of theft, loss or misuse of your HSBC MMT Signature credit card, all you have to do is report the loss to HSBC in order to ensure that you will not be liable for any unauthorized transactions made on your card. An amount of up to Rs. 3, 00,000 is covered by the bank.
Free Credit Period:
Enjoy up to 52 days of interest free credit period when you fully repay the outstanding balance on your credit card, by the due date.
Visa Global Customer Assistance Services:
Cardholders who are overseas need not worry during emergencies since HSBC offers Visa Global Customer Assistance services that covers legal, medical and other needs.
Loan on Phone Facility:
The loan on Phone facility offered on this card enables a cardholder to purchase any item of his/her choice and convert the payments into monthly installments by using HSBC Phone banking. A purchase can be converted into a loan by placing a calling via HSBC Phone banking, within 15 days of the purchase, and placing a request for the conversion.
Perpetual Balance Transfer:
Transfer any outstanding credit card dues on other bank credit cards, which is not below Rs. 3000, to your HSBC MMT Signature credit card. The interest on transferred balance ranges from 1% to 1.2% per month. A minimum payment of 5% of the outstanding amount can be made to this perpetual balance transfer, or a minimum of Rs. 100, whichever is the highest.
Balance Transfer on EMI:
The Balance transfer on EMI feature available on this credit card enables you to make a balance transfer of outstanding dues to your HSBC MMT Signature Credit Card and to repay the amount in easily payable monthly installments at an attractively low interest rate. The repayment tenure options available to a cardholder to choose from are: 6, 12, 18 and 24 months.
Interest rate for each tenures are:
The processing fee levied on this is 1.5% of the balance transfer that has been converted to EMI.
Cash on EMI facility:
The cardholder can avail the cash on EMI facility on this credit card to avail cash advance on his/her credit card. This can be repaid in easily payable monthly installments.
The HSBC MMT Signature credit cardholder can convert his outstanding amount due in a month to EMIs. An interest rate of 15% per annum is applicable on this conversion and a processing fee of 2% is charged on it.
Convert your purchases made using the HSBC MMT Signature Credit Card to EMI that can be repaid in 3, 6, 9 or 12 months, as per the customer’s choice. Through this transaction you can also earn reward points that can be accumulated to redeem exclusive rewards.
Extended Credit Facility:
On all your purchases you have an extended credit facility wherein you only have to pay the minimum amount due in a month. The remaining amount will be carried on to the next month and the full amount can be repaid later on. This gives you enhanced flexibility in terms of repayment.
International ATM access:
You can withdraw cash across several ATMS worldwide using your HSBC MMT Signature credit card.
Phone Banking Facility, Net Banking Facility and Mobile Banking are also enabled.
Rs. 3, 499
Add-on Card fee
Interest free credit period
Maximum of 52 days
Cheque bounce charges
Cash withdrawal transaction fee at overseas ATMs
Cash advance transaction fee
2.5% of the cash advance amount or Rs. 300, whichever is the highest
Over limit fee
Rs. 500 per month
Late payment fee
50% of the minimum amount due or a minimum amount of Rs. 400. The maximum amount charged is Rs. 750 per month.
Rs. 100 per instance
Yes, you can avail an additional credit card and share your credit limit with your spouse, parents, children and siblings above age of 18.
The credit limit on transactions made overseas is USD 15,000.
The payment options available for repayment of your monthly credit outstanding are: Standing Instructions, ECS, Internet Banking, Electronic Fund Transfer, Visa BillDesk, Visa Money Transfer, Mail Cheque or Draft, Phone Banking, HSBC Mobile Banking, Over the counter payment, etc.
The loan on phone facility available on the HSBC MMT Signature credit card offers the cardholder the option of converting purchase amount to easily payable installments by contacting HSBC via phone banking within 15 days of the purchase.
Balance Conversion can be made only on retail purchases made using the HSBC MMT Signature card, which are either billed on unbilled by request. Balance conversion can only be made on the outstanding dues as projected on the date of request and not on balance which has already been paid for / credit has been received. The balance conversion is also not applicable on any further purchases made on the card once the request has been placed.
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