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See your Mastercard's guide to benefits to take advantage of any perks available.
Mastercard is an American multinational payment card services corporation. A Mastercard card is issued by member banks with the Mastercard logo of two interlocking red and yellow circles.
Mastercard card can be used anywhere that the Mastercard brand is accepted around the world. Currently, Mastercard is considered one of the most popular payment networks in the world, used in more than 210 countries and territories.
You can use a Mastercard card at stores, as well as online on e-commerce platforms, apps and online shopping websites.
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The company partners with a variety of institutions to offer several types of cards. Its card offerings include credit, debit, and prepaid cards.
When Mastercard partners with a financial institution, the institution serves as the issuer. In Vietnam, the bank – for the issuance – determines the terms and benefits that a cardholder can receive on their card.
Mastercard debit card is a prepaid card. A debit card is linked to a bank account, and money is deducted directly from your checking account.
A credit card is a buy now pay later card service. The bank or financial institution will advance money for the transaction made via the credit card. The cardholder will then repay that amount by instalment; pay the minimum payment; or pay in full before the due date, depending on the regulations of each bank.
In addition, credit cards are one of Mastercard's outstanding card services, thanks to the variety of credit cards offered by credit institutions and banks around the world. To attract different types of consumers, the bank offers numerous features on Mastercard-branded cards.
Some popular credit card features may include no annual fee, issuer-branded or custom organisation-branded rewards points, cash back, and 0% introductory rates.
A prepaid card is a payment card that's not linked to a bank account, unlike a debit card. To use a prepaid card, you just need to top it up. Similar to other Mastercard cards, a prepaid card can be used to pay for domestic and overseas services.
When credit, debit and prepaid Mastercard cards are issued through partners, the financial institution or the bank is primarily responsible for all of the underwriting and issuance of the card.
Mastercard and Visa are the two largest payment processing networks in the world. The similarities between Mastercard and Visa credit cards include:
| Feature | Mastercard | Visa |
|---|---|---|
| Identification symbol | Two interlocking circles | Visa logo |
| Rewards and benefits | Reserves the best perks for its premium credit cards | Offers slightly more benefits for its lower-level credit cards than Mastercard does |
| Card tier | Three different card tiers with increasing benefits:
|
Three tier levels:
|
| Security code | CVC | CVV |
| Card number | Starts with digit 5 | Starts with digit 4 |
| Feature | Identification symbol | Identification symbol |
|---|---|---|
| Mastercard | Two interlocking circles | Two interlocking circles |
| Visa | Visa logo | Visa logo |
| Feature | Rewards and benefits | Rewards and benefits |
| Mastercard | Reserves the best perks for its premium credit cards | Reserves the best perks for its premium credit cards |
| Visa | Offers slightly more benefits for its lower-level credit cards than Mastercard does | Offers slightly more benefits for its lower-level credit cards than Mastercard does |
| Feature | Card tier | Card tier |
| Mastercard |
Three different card tiers with increasing benefits:
|
Three different card tiers with increasing benefits:
|
| Visa |
Three tier levels:
|
Three tier levels:
|
| Feature | Security code | Security code |
| Mastercard | CVC | CVC |
| Visa | CVV | CVV |
| Feature | Card number | Card number |
| Mastercard | Starts with digit 5 | Starts with digit 5 |
| Visa | Starts with digit 4 | Starts with digit 4 |
Comparison information is for reference only. Depending on the regulations of each bank, there will be certain adjustments.
Learn more about Visa: What is a Visa credit card?
A Mastercard credit card is good for everyday purchases, especially travel and experiencing international services.
The HSBC TravelOne travel credit card is one of the prominent World Mastercard® cards issued by HSBC. This card integrates many outstanding travel incentives, such as:
Mastercard credit cards come in different tiers, with each tier associated with different benefits. These tiers include Standard, World and World Elite. Perks range from zero liability protection to 24/7 concierge service and curated offers.
While higher Mastercard tiers come with additional benefits, they are often also associated with higher annual fees. These benefits are typically at the discretion of the card issuer, so you should read the fine print before opening a new credit card.
Before applying, consider your goals with the card. Do you need the card to help establish credit? Do you want to earn rewards? Knowing your goals will help you narrow down options.
You can usually submit your application to open a Mastercard card through two channels: your local branch or transaction office, and the bank's website. Be sure you understand the card's terms and conditions listed in the fine print of the cardmember agreement.
With just 6 simple steps, you can open an HSBC Mastercard credit card at home. Apply now!
This article is for reference only. For the latest HSBC product policies, please visit our product pages from the Homepage.
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