HSBC Bank International has teamed up with American Express Services Europe to launch an internation...
HSBC Bank International has teamed up with American Express Services Europe to launch an international currency charge card in both dollars and euro to HSBC's offshore banking customers.
The HSBC branded American Express International Currency Gold and Platinum cards have been designed to offer customers the financial flexibility to spend in dollars or euros with monthly repayments direct from their HSBC Offshore Bank Accounts.
Both cards allow customers to access the key benefits associated with American Express card membership, including no pre-set spending limit, premium card servicing, access to a global network of Travel Service locations and a whole range of travel and insurance benefits.
Each card also offers enrolment into the American Express Membership Rewards Programme, which offers a variety of travel, airline, entertainment and shopping rewards, earning by collecting points on dollar or euro spend on the card.
Sandeep Sachdeva, head of international personal banking at HSBC Bank International, said: 'We know from talking to our customers that they have been looking for a superior card in these currencies.
'We expect that the American Express cards will appeal, for example, to people living or working in the eurozone, those that have their income paid in dollars or euro and many that travel overseas extensively.
'The use of these cards reduces the exchange rate related costs to our customers, and enables them to have a full banking relationship in the major currency of their need and choice, without the inconvenience of having to set up new banking accounts in other countries.'
As a special introductory offer, the annual fee for the Gold card of $/E200 is waived for the first year if customers apply by 26 April.
The Platinum card is available at half the normal cost per annum of $/E400 for the first year if applications are received by 26 April.
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For ‘distress’ caused
Oversees £30bn of advised and D2C assets
Less than a third of top paid employees are women
£1bn business since inception