How much credit limit will I be granted on my HSBC Revolution credit card?
I just committed to a new HSBC Revolution card prompted by the offer to earn 1 rewards point for every $1 spend on all transactions and am wondering how much credit limit I will be granted on the credit card?
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HSBC Revolution Credit Card
HSBC Revolution Credit Card gives an offer you cannot resist by giving you a credit card with no minimum spend required but allows you to gain five times the reward points. Not only that it gives more reward points when it comes to dining and entertainment, but also helps you to do things without leaving home. It permits the user to purchase things online.The best thing about having these reward points is the fact that you can redeem any of the rewards using those points. More reward points will give you more chance to redeem a reward. This includes HSBC’s jewellery vouchers,4 reviews
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I think it is usually the other way around, where you have to state your preferred credit limit first which will then be subject to the Bank's review and approval. The amount which the Bank will grant you may be lower than the amount you have requested. You should note that for individuals with annual income between S$30,000 and S$120,000, your aggregate credit limit with HSBC for all unsecured facilities will be capped at four times your monthly income as indicated in the income documents that you submit. Please note that because your unsecured facilities include all of your unsecured credit card, personal line of credit and personal loan, the credit limits for your unsecured credit cards, personal lines of credit and personal loans will be aggregated for the purpose of computing your maximum aggregate credit limit.