Press Office

MasterCard and HSBC launch Australia’s First Premier World MasterCard

Sydney, 13 September 2007 - MasterCard Worldwide’s first deal with HSBC in Australia takes on a global flavour, with the launch of the HSBC Premier World MasterCard card.

As the first 'World' MasterCard card in Australia, the HSBC Premier MasterCard card is a key component of the HSBC Premier package that provides customers with a worldwide banking service, allowing seamless cross-border banking and the ability to have their accounts opened before arriving in a new country, have their credit history transferred and international recognition wherever they travel, live or work.

Catering for the affluent Australian cardholder, the HSBC Premier MasterCard card offers eligible† customers a pre-approved credit limit of AUD15 000^, an attractive Rewards Plus program and complimentary insurance including International Travel Insurance, Guarantee Pricing Scheme and Purchase Protection Insurance.

"Launched in over 31 markets worldwide, the HSBC Premier MasterCard card is a truly global product that gives Australians who work, live or travel overseas a portable banking service," said Leigh Clapham, executive vice president, Australasia, MasterCard Worldwide.

Rod Hyde, Head of Consumer Finance and Credit Cards for HSBC Australia said: "The World Premier MasterCard is a key part of the HSBC Premier offering. As the world’s first truly global personal banking service, Premier provides seamless global banking to customers with international banking needs, making full use of our international experience and global presence."

"With exclusive offers and privileges in over 40 countries and territories worldwide, the World Premier MasterCard is a valuable part of the Premier proposition," added Hyde.

"More Australians are taking on a global identity by living and working overseas, while keeping ties in Australia. The World MasterCard enables Australians to be a global citizen, by giving them a financial product that moves with them," said Mr Clapham.

About the HSBC 'Premier' MasterCard Card

The HSBC Premier MasterCard Card is a local card with a world of benefits, providing global access and acceptance at over 30 million locations. It has a competitive rewards program offering a comprehensive range of travel, entertainment, merchandise, shopping and financial rewards. The card includes access to HSBC's home&Away Privilege Program, allowing cardholders access to card privileges at over 18,000 outlets in over 40 countries worldwide.

Below are just some of the features of the HSBC Premier MasterCard:

  • No annual card fee
  • No additional cardholder fee
  • Interest free period of 45 days
  • 5.99% rate for Balance transfers for the first 6 months
  • Pre-approved credit limit of AUD15 000^
  • Rewards Plus
  • Complimentary insurances provided with the card include International Travel Insurance, Guarantee Pricing Scheme, Purchase Protection Insurance and Extended Warranty Insurance
  • HSBC’s home&Away Privilege Program
  • Priority 24 hour customer care

About MasterCard Worldwide

MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes over 16 billion transactions each year, and provides industry-leading analysis and consulting services to financial institution customers and merchants. Through its family of brands, including MasterCard®, Maestro® and Cirrus®, MasterCard Worldwide serves consumers and businesses in more than 210 countries and territories. For more information go to www.mastercard.com.

Contacts:

Melissa Devine, 02 9818 0950, mdevine@ppr.com.au
Michael Pooley, 02 9818 9310, mpooley@ppr.com.au

† Eligibility criteria applies to HSBC Premier and the eligibility criteria remains at HSBC's absolute discretion.
^ The provision of a pre-approved credit card is subject to local statutory and regulatory requirements. Terms and conditions apply.