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HSBC Premier is the group's premium financial services product. [184] It has its own portfolio of credit cards around the world. The exact benefits and qualification criteria vary depending on the country. Customers have a dedicated premier relationship manager, global 24-hour access to call centres, free banking services, and preferential rates.
HSBC is pulling back from its credit card business in China eight years after its launch, as the lender struggled to expand and make the enterprise profitable in the world's second-largest economy ...
HSBC was the third-largest issuer of private label credit cards in the United States, including cards for more than 70 active merchant relationships, including Best Buy, GM, Yamaha, Kawasaki, Neiman Marcus, Polaris and Saks Fifth Avenue. Most of its card portfolio was sold to Capital One in 2011.
RCBC Credit Cards (previously RCBC Bankard (PSE: BKD)) is one of the largest credit card issuers in the Philippines, issuing VISA, MasterCard, JCB and UnionPay (CUP) credit cards. In the 1990s, they also issued their line of credit and debit cards.
As of 2005, HSBC and its subsidiary, HSBC Savings Bank, although both members of Expressnet, do not participate in the EPS system, meaning that HSBC and HSBC Savings Bank ATM cards cannot be used on an EPS terminal. In addition to functioning as an ATM EFTPOS terminal, EPS terminals also accept BPI credit, debit and prepaid cards. However ...
It was known for a wide range of services from savings to insurance and, through its wholly owned subsidiary Equitable Card Network, was the largest Philippine credit card issuer. The bank merged with Banco de Oro Universal Bank in early 2007, and is now branded as BDO as its new identity as part of the new Banco de Oro Unibank, Inc.
The bank was established by Alfonso Yuchengco on September 23, 1960, as Rizal Development Bank, a small development bank in Rizal province. [13] It was later upgraded to a commercial bank upon the approval of the Bangko Sentral ng Pilipinas and, in 1963, began operation as such under its present name Rizal Commercial Banking Corporation (RCBC).
In December 2011, HSBC announced to selling its private bank in Japan to Swiss peer Credit Suisse for an undisclosed sum, but at the end of October 2011 the value of the gross assets included in the sale was about $2.7 billion. It was a strategy to cut $3.5 billion annual costs by quitting businesses or countries where it lacks scale which ...