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The HSBC BusinessVantage MasterCard is more convenient than cheques or cash payments, allowing you to:
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Manage Cash Flow: Have the purchasing power you need
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Keep Track of Expenditures: Separate cards for business spending
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Gain Flexibility: Add accounts for employees with separate spending limits
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Access Timely and Relevant Information: Track and review business spending online
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Earn Rewards for Cardholders: Earn Rewards Points to use for travel, gift cards or merchandise or receive a full 1% Cash Back rebate
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Protect Your Purchases:1 Cover loss, theft or damage for 90 days from the purchase date and double the original manufacturer’s warranty up to one additional year
Online Access
Check your Account details, review transactions, and inquirie about your account.
Questions?
Have an HSBC Relationship Manager contact you
Call us at 1-866-808-HSBC (4722)
Rates and Fees
The rates and fees outlined below apply to each individual Card issued pursuant to the HSBC BusinessVantage MasterCard program.
Annual Interest Rate – 19.9%
Interest begins to accrue on Purchases, Cash Advances and fees from the date of the transaction until payment in full.
Grace Period for Purchases
The grace period for purchases is 21 days from statement date. Interest charges are waived on new purchases and fees which appear on your account statement for the first time if your New Balance is paid in full by the payment due date shown on that statement. Each statement will normally cover between 28 and 33 days.
Annual Fees (per account)
HSBC BusinessVantage – $15
HSBC BusinessVantage Plus – $75
HSBC Rewards Program
Business Card Rewards program or HSBC Cash Back Rewards Program – $45
Replacement Copy Charges
Previous statement or sales slip – $10
Cash Advance Fees
Automated Banking Machine (ABM) displaying the MasterCard or Cirrus® symbol:
- Cash Advance obtained at an ABM in Canada – $2.00
- Cash Advance obtained at an ABM outside Canada – $4.00
Over-the-Counter (In Branch):
- MasterCard Financial institution in Canada – $3.00
- MasterCard Financial institution outside Canada – $5.00
Other Fees
Transaction Fee – $2.75 is charged for purchases of wire transfers, money orders, traveler’s cheques, foreign currency, bets and purchases of lottery tickets or casino gaming chips (referred to as quasi-cash transactions).
Overlimit Fee – $29.00 is charged if your balance exceeds your assigned credit limit on your monthly statement date.
Charge for Dishonoured Payment/Dishonoured Convenience Cheque – $25.00 is charged for each cheque or other payment item that is dishonoured and for each Convenience Cheque returned due to insufficient credit or because your Account is not in good standing.
Foreign Currency Transaction – You are charged the MasterCard conversion rate for transactions in a foreign currency, plus an administration fee of 2.5% of the converted amount, on both debits and credits.
Inactive Credit Balance Account Fee – The lesser of $10 or the credit balance is charged every time an Account carrying a credit balance is inactive for 12 months.
All rates and fees are subject to change.
™ HSBC BusinessVantage is a trademark of HSBC Holdings plc used by HSBC Bank Canada under license.
® MasterCard and Cirrus are registered trademarks of MasterCard International Incorporated. Used pursuant to license.
1 Coverage is underwritten by American Bankers Life Assurance Company of Florida and/or American Bankers Insurance Company of Florida, Assurant Solutions®* companies. All insurance is subject to limitations and exclusions. Please refer to the Certificate of Insurance for full terms, conditions and limitations. ®*Assurant Solutions is a Registered Trademark of Assurant Inc.
2 Travel Assistance and Legal Assistance are assistance and referral services, not insurance. Any costs incurred for or in connection with such services will be charged to your HSBC BusinessVantage MasterCard Account. Please refer to the Assistance Services section contained in the Cardholder Manual for specific terms, conditions and limitations.
3 Roadside Assistance available in North America at pre-negotiated rates which will be billed to your HSBC BusinessVantage MasterCard.
4 Rewards Points are awarded for eligible purchases charged to an HSBC BusinessVantage MasterCard Account, less credits for returns, refunds, rebates and adjustments. No rewards points are earned on cash advances (including balance transfers and convenience cheques), optional services, interest charges or fees. Welcome Bonus will be credited when the cardholder makes an eligible purchase with their HSBC BusinessVantage MasterCard following enrollment. Limit of one bonus per account. Residents of Quebec have the option to call HSBC MasterCard Customer Care to receive their bonus. Bonus Offer valid until March 31, 2012.
5 Rewards programs are available to individual cardholders. HSBC is not responsible for any federal and/or provincial tax liability, including income tax, arising from the issue or redemption of Rewards Points or Cash Back rebate. HSBC does not issue tax receipts. Please review tax consequences with your advisor.
6 All rewards offered are subject to the current Terms and Conditions of the HSBC Business Card Rewards program. Conditions apply.
7 Cash Back rebate is earned on eligible purchases charged to an HSBC BusinessVantage MasterCard Account, less credits for returns, refunds, rebates and adjustments. No rebate is earned on cash advances (including balance transfers and convenience cheques), optional services, interest charges or fees. Cash Back rebate is accumulated and credited to the individual HSBC BusinessVantage MasterCard Account annually on the January statement, provided the Account is in good standing. Please refer to the HSBC Cash Back Rewards Terms and Conditions for complete details.
