HSBC Platinum Purchasing Mastercard®

Product highlights

Provides you with an effective and powerful purchasing solution for re-engineering and streamlining corporate purchasing processes and enhances your competitive edge.

Mastercard contactless payment function

Simply tap your Mastercard with contactless payment function in thousands of stores in town, including supermarkets, convenience stores, restaurants and department stores, with Mastercard contactless payment terminals for secure, swift and convenient contactless payment without signature^, in addition to an array of spending benefits and rewards provided by HSBC Commercial Cards. For more details on HSBC Commercial Cards with contactless payment function, please contact our Customer Service Hotline on +852 2748 4343 for any assistance.

^ Your new card provides free use of Mastercard contactless payment function. You may use your card for contactless payment transactions, subject to transaction limits (including limit on each purchase and other limits) set by the Bank, Mastercard Worldwide or the merchant from time to time. For payment over the transaction limit or if contactless payment is unavailable, you may need to sign on the credit card sales slip in order to complete the transaction. Moreover, please make the first transaction by inserting your card into the card terminal to activate the Mastercard contactless payment function.

HSBC Platinum Purchasing Mastercard®1 helps to

 

HSBC platinum purchasing mastercard

Make high volume and frequent business-to-business (B2B) transactions smoothly

Simplify your purchasing operations with pre-set transaction and spending limits

Lower processing costs by replacing multiple payments to vendors with a single payment to HSBC each month

Reduce turnaround time to place orders and empower your staff to make purchases with vendors directly

Features and benefits

Powerful Authorization Control

  • Assign individual credit limits for each cardholder
  • Set single-transaction/ daily spending limits as well as restrictions on the number of transactions per day/ billing cycle for individual card accounts
  • Block card usage at specific merchant categories to prevent unauthorised purchases

MiVision – Card Application & Maintenance

HSBC MiVision will make it easier for your card administrators and cardholders to perform card maintenance requests and apply for new cards through an online platform, so that you can manage your corporate cards with greater peace of mind. It can also significantly reduce manual form filling when you need to perform any action.

Programme management:

  • New card applications / onboarding – individual or bulk request
  • View of card administrator and cardholder status
  • Amend card limits
  • Report lost / stolen cards
  • Request replacement cards
  • Statement viewing
  • Create custom reports

Transaction management:

  • View statement and download transaction details
  • Transactional data available for spending analysis

Smartdata – Card Transaction at a Glance

Smartdata is a proprietary platform provided by Mastercard®. It allows programme administrators and cardholders to review company and personal transactions any time. There are three functionalities.

Programme management:

  • Create and manage user profiles
  • Manage spending limits and merchant category code controls

Transaction management:

  • View card transactions and statements
  • Cost allocate transactions before export (optional)
  • Monitor compliance with policies
  • Upload receipts (optional)

Reporting:

  • 3 years of transactional data available for card account analysis on supplier side
  • Create bespoke reports using more than 250 pieces of data
  • Export card transaction reports in Excel or CSV files

Mastercard contactless payment function

Simply tap your Mastercard with contactless payment function  in thousands of stores in town, including supermarkets, convenience stores, restaurants and department stores, with Mastercard contactless payment terminals for secure, swift and convenient contactless payment without signature^, in addition to an array of spending benefits and rewards provided by HSBC Commercial Cards. For more details on HSBC Commercial Cards with contactless payment function, please contact our Customer Service Hotline on +852 2748 4343 for any assistance.

^ Your new card provides free use of Mastercard contactless payment function. You may use your card for contactless payment transactions, subject to transaction limits (including limit on each purchase and other limits) set by the Bank, Mastercard Worldwide or the merchant from time to time. For payment over the transaction limit or if contactless payment is unavailable, you may need to sign on the credit card sales slip in order to complete the transaction. Moreover, please make the first transaction by inserting your card into the card terminal to activate the Mastercard contactless payment function.

More...

  • Comprehensive management reporting
  • Worldwide acceptance
  • 24-hour customer service, including the ability to call collect from overseas
  • Free Corporate Liability Waiver Insurance2 to protect your company against eligible losses that might be incurred through card misuse by an employee 
  • Lost Card Protection3

Card-Not-Present (“CNP”) Credit Card Transaction Notification

With effect from 28 August 2016, the Bank will send cardholders a notification when a Card-Not-Present ("CNP") credit card transaction* is accepted. Please provide your cardholder’s mobile number and/or email address in advance to receive the notification, by completing the form and returning it by mail. Otherwise, future CNP credit card transactions of those cardholder(s) may be rejected.

 

* Card-Not-Present credit card transaction are those credit card transactions without original sales slips, including but without limitation, online purchase, telephone orders, fax orders and mail orders.

Useful Tools for converting to new HSBC Platinum Purchasing Mastercard

Reminder: “To borrow or not to borrow? Borrow only if you can repay!”

  1. Issued by the Hongkong and Shanghai Banking Corporation Limited ("HSBC") in Hong Kong. Platinum Purchasing Mastercards are available to customers with a company bank account with HSBC. Please contact your Relationship Manager or the Corporate Card hotline for further enquirers and to arrange for account opening.
  2. With effect from 1 July 2020, the Corporate Liability Waiver Programme protection insurance is underwritten by AIG Insurance Hong Kong Limited, to which HSBC is the assured. Please note that there are some changes on the coverage limits. To obtain the details and the Terms and Conditions of the Corporate Liability Waiver Programme, please contact AIG Insurance Hong Kong Limited. Claims are subject to the applicable terms and conditions.
  3. Subject to the detailed terms of the Cardholder Agreement.

HSBC has not authorised or appointed any intermediaries to conduct telesales marketing activities for promotion of commercial lending / commercial cards.

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