HSBC unveils invitation-only credit card for ultra wealthy clients

It debuted in Hong Kong and will launch in Singapore and India next.

HSBC has launched HSBC Privé in Hong Kong, its first premium credit card designed for its private banking clients.

The invitation-only card debuted in Hong Kong in October 2024, and will be launched in Singapore, India, and more markets globally in due course.

Launched in partnership with Mastercard, HSBC Privé’s privileges are curated for the bank’s ultra high net worth and high net worth clients.

The card offers dedicated lifestyle relationship managers to assist HSBC Privé cardholders to explore a suite of prestigious benefits.

It also offers exclusive access to bespoke private clubs, members-only lounges and workspaces at more than 150 locations across Asia, Australia, Europe and the United States.

It also gives cardholders a companion first or business class airline ticket with leading airlines; access to premium airport lounges worldwide; airport limousine transfers; hotel night stays; hotel loyalty membership upgrades; and travel insurance

Cardholders are also offered complimentary tasting menus for an accompanying guest at Michelin-starred restaurants and premium hospitality groups; courtesy green fees at select golf courses; and fast-track to top membership status at iconic department stores in London and Paris.

Mastercard noted that its UHNW and HNW cardholders’ nearly doubled their card spending between 2022 and 2023. Hotel accommodation and dining outlets emerged as the leading overseas spending categories for these cardholders in 2023, with transaction volumes rising by 87% and 78%, resepcetively.

Dining was their top local spending category in 2023, seeing a 74% increase in transaction volumes compared to 2022.