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HSBC Credit Card Instalment Plan

Enjoy instalment deals up to 36 months to pay with your HSBC Credit Card.

With your HSBC Credit Card, you can purchase high-ticket items like gadgets, appliances, airplane tickets and so much more at 0% interest on instalment payable up to 36 months.

HSBC's 0% instalment merchants
Items	Merchants
Computer, gadgets, electronics, appliances, telecommunications	Abenson, Ambassador Appliances, Ansons, Automatic Centre, AV Surfer, Avid, Camerahaus, Coleman, Dyson, Electroworld, Fissler, Fone Style, Globe, Henry’s Cameras, Insinkerator, iSwitch, KitchenAid, Manila Imperial, Memoxpress, PC Express, Perfect Shot, Powermac, Premium Style Electronics, Robinson’s Appliances, Robinson’s Savers, Silicon Valley, SM Appliance Center, TCA Digital, Tempur, Villman, Western Appliances
Department stores	Robinson's Dept Store, Rustan's Department Store, The SM Store, W Department Store
Food stores and supermarkets	Savemore Market, SM Hypermarket, SM Supermarket
Health, beauty, and wellness	Belo Medical Group, Facial Care, Marie France, Medical City, Svenson
Home furnishing	Abenson Home, Ace Builders, Ace Hardware, Ace Express, Crate & Barrel, Robinson’s Builders, Blims, Habitat, Handyman, Our Home, True Value, Zwilling
Other retail	Baby Company, Pet Express, Toy Kingdom, Toys R' Us, Watsons
Retail boutiques and clothing	Adidas, Adora, Bata Shoes, Calvin Klein Platinum, Crocs, Denovo, Ecco, Forever 21, Hermes, Innisfree, Levi's, New Balance, Joseph, Kultura, Miladay, Rustan's Redtag Store, Robinson's Fashion Affiliates (Topshop, Topman, Dorothy Perkins, Burton, Miss Selfridge, Warehouse), Sfera, Simply Shoes, Sports Central, Surplus, Uptrend Fashion - Surplus, The Body Shop, Tiffany, Under Armour, Uniqlo

HSBC's 0% instalment merchants
Items	Computer, gadgets, electronics, appliances, telecommunications
Merchants	Abenson, Ambassador Appliances, Ansons, Automatic Centre, AV Surfer, Avid, Camerahaus, Coleman, Dyson, Electroworld, Fissler, Fone Style, Globe, Henry’s Cameras, Insinkerator, iSwitch, KitchenAid, Manila Imperial, Memoxpress, PC Express, Perfect Shot, Powermac, Premium Style Electronics, Robinson’s Appliances, Robinson’s Savers, Silicon Valley, SM Appliance Center, TCA Digital, Tempur, Villman, Western Appliances

Items	Department stores
Merchants	Robinson's Dept Store, Rustan's Department Store, The SM Store, W Department Store

Items	Food stores and supermarkets
Merchants	Savemore Market, SM Hypermarket, SM Supermarket

Items	Health, beauty, and wellness
Merchants	Belo Medical Group, Facial Care, Marie France, Medical City, Svenson

Items	Home furnishing
Merchants	Abenson Home, Ace Builders, Ace Hardware, Ace Express, Crate & Barrel, Robinson’s Builders, Blims, Habitat, Handyman, Our Home, True Value, Zwilling

Items	Other retail
Merchants	Baby Company, Pet Express, Toy Kingdom, Toys R' Us, Watsons

Items	Retail boutiques and clothing
Merchants	Adidas, Adora, Bata Shoes, Calvin Klein Platinum, Crocs, Denovo, Ecco, Forever 21, Hermes, Innisfree, Levi's, New Balance, Joseph, Kultura, Miladay, Rustan's Redtag Store, Robinson's Fashion Affiliates (Topshop, Topman, Dorothy Perkins, Burton, Miss Selfridge, Warehouse), Sfera, Simply Shoes, Sports Central, Surplus, Uptrend Fashion - Surplus, The Body Shop, Tiffany, Under Armour, Uniqlo

Special deals

Travel

Air Taxi

15% OFF on Air Taxi's Services
0% installment up to 6 months

Air Taxi List of Offers (PDF) to read Air Taxi List of Offers Download link
Air Taxi Terms and Conditions (PDF) to read the terms and conditions of Air Taxi Download link

List of Air Taxi ticketing offices

Manila:
Asian Aerospace Corporation, Lima Gate, Andrews Avenue, NAIA Complex
Pasay City 1330, Philippines

Cebu:
Asian Aerospace Hangar, General Aviation Area, Mactan – Cebu International Airport,
Mactan City, Cebu

Bohol:
AirTaxi.ph Private Heliport, Brgy San Isidro, Dauis, Bohol

Promo period: March 20 to September 20, 2019
Per DTI-FTEB Permit No. 4485, Series of 2019

Philippine Airlines

0% instalment up to 9 months, subject to the following minimum amount:

PHP20,000 – 3 months
PHP50,000 – 6 months
PHP100,000 – 9 months

Book via www.philippineairlines.com

Valid until December 31, 2019

Terms and conditions apply.

HSBC and Philippine Airlines’ 0% Installment Online Promo Mechanics (PDF) to read the terms and conditions of Philippine Airlines Download link

Shopping

Denovo

10% OFF on items plus 0% installment up to 12 months

Offer valid from February 1 to December 31, 2019

Per DTI-FTEB Permit No. 1015. Series of 2019.

My Diamond

Get 35% OFF on bridal jewelry, payable on installment up to 6 months at 0% interest
0% installment up to 36 months on other items

Promo period: May 27 to December 31, 2019

My Diamond Terms and Conditions (PDF) to read the terms and conditions of My Diamond offer Download link

Per DTI-FTEB Permit No. 10289, Series of 2019

Rustan's Department Store

0% Installment up to 6 months for a minimum single-receipt purchase of PHP10,000 on all home items
30% OFF on select home appliances
10x FSP Points on all home items purchased via straight transaction

Offer valid at Rustan's Makati and Shangrila Plaza Mall from August 7 to September 1, 2019 only.

Promo Terms and Conditions apply.

HSBC's 0% Card Installment Plan Terms and Conditions apply. Per DTI-FTEB Permit No. 13324, Series of 2019.

Gadgets

Electroworld

0% installment up to 12 months on select new models of mobile phones and laptops
0% installment up to 36 months is also available for other items until December 31, 2019

Per DTI-FTEB Permit No. 10641, Series of 2019

Appliances

Manila Imperial Motor Sales

0% installment up to 36 months on all Koppel split-type Aircons

Manila Imperial Motor Sales Terms and Conditions (PDF) to read the terms and conditions of Manila Imperial Motor Sales Download link

Offer valid until December 31, 2019

Nespresso

3 month 0% installment option for purchases that are inclusive of at least one (1) coffee machine
Complimentary Aeroccino 3 for a machine purchase together with 20 sleeves of coffee
Complimentary Discover Box or 1 set of VIEW Lungo + 1 set of VIEW Espresso cups for a machine purchase together with 15 sleeves of coffee

Available at:

The Nespresso Boutique – R1 Level Power Plant Mall, Makati
The Nespresso Pop Up Store – Ground Level, Greenbelt 5, Makati
The Nespresso Pop Up Store – Ground Level, The Podium, Ortigas
The Nespresso Pop Up Store – Ground Level, One Bonifacio High Street Mall, BGC Taguig

Promo period is from August 2 – 4, 2019.

Per DTI-FTEB Permit No. 10006, Series of 2019.

HSBC’s 0% Card Installment Plan Terms and Conditions apply.

Beauty and wellness

Belo Medical Group

15% OFF with a minimum spend of PHP2,400 during your first visit
10% discount during your succeeding visits, with no minimum spend requirement
0% instalment up to 12 months

PHP10,000 – 3 months

PHP25,000 – 6 months

PHP100,000 – 12 months

Promo period: Offer valid until December 31, 2019

Per DTI-FTEB Permit No. 15194, Series of 2018.

Browhaus

30% off Brow Resurrection Classic (2.4) when you purchase on 0% installment up to 12 months

Browhaus Terms and Conditions (PDF) to read the terms and conditions of Browhaus Download link

Promo period: April 20 to December 31, 2019

Per DTI-FTEB Permit No. 7175, Series of 2019

Strip Ministry of Waxing

50% off on 8 sessions of Elbows and Knees Strip White
50% off on 6 sessions Full Legs Strip Ice
50% off on 8 sessions of Stomach Strip Shape when you purchase on 0% installment up to 12 months

Strip White is only available in SM Megamall branch only

Strip Shape is available in Serendra branch only.

Strip Ministry of Waxing Terms and Conditions (PDF) to read the terms and conditions of Strip Ministry of Waxing Download link

Promo period: April 20 to December 31, 2019

Per DTI-FTEB Permit No. 7175, Series of 2019

Clara Aesthetic Naturale

Avail of any service on 0% installment up to 24 months and get a FREE Clara International Aesthetic Naturale Premium Facial with Photodynamic Light Therapy

Clara Aesthetic Naturale Terms and Conditions (PDF) to read the terms and conditions of Clara Aesthetic Naturale Download link

The SM Store (Gadgets Hub)

0% installment up to 12 months on gadgets^*

0% installment up to 6 months on other purchases

Promo period: May 1 to July 31, 2019

Per DTI-FTEB Permit No. 7769, Series of 2019

Apply now

Unfold great deals at 0% instalment when you use your HSBC Credit Card.

Apply now for an HSBC Credit Card to get access to 0% instalment

Terms and conditions

HSBC’s Card Instalment Plan (“HIP”) is the instalment facility of The Hongkong and Shanghai Banking Corporation Limited (“HSBC”), which allows an HSBC credit cardholder (“Cardholder”) to purchase selected goods and services from accredited HIP merchants in the Philippines using their HSBC credit card (“the Card”) and pay for the same, together with applicable interest and other fees, on instalment basis. In certain instances or promotions, HSBC may, at its sole discretion, allow the Cardholder to convert into instalment transaction purchases made using the Card at non-accredited HIP merchants.
The Cardholder agrees that HSBC may at its option require a minimum purchase amount to qualify for HIP.
The Cardholder agrees that the beneficial title to the goods purchased through HIP, including any and all replacements, accessions and accessories thereto, shall remain with HSBC until the total HIP instalment price is paid in full. The Cardholder shall, in the meantime, possess and hold the same in trust for HSBC.
The Cardholder agrees not to alter, return, pledge, mortgage, sell, assign, pawn, lease or part with the possession of the goods without the prior written consent of HSBC and until and unless the Cardholder shall have paid the total HIP instalment price including all other charges that may arise out of the purchase.
The Cardholder acknowledges that the total HIP instalment price plus any Interest (“Handling Fee”) from the instalment purchase shall be deducted from the available credit limit on the HSBC credit card account at the time of approval, but shall be posted at Statement billing / cut-off date in fixed equal monthly instalment amounts on each statement of account. The entire monthly instalment amount shall form part of the Minimum Amount Due on each statement of account. The Cardholder shall have the option to pay the Minimum Amount Due, every month. If he does so, or if the Cardholder revolves any portion of the Total Amount Due in any given month, this shall be included in the computation of the Finance Charge and Late Payment Charge (if applicable) for that month. The Cardholder shall be liable to pay these charges, plus any applicable taxes and charges required by the government thereon, over and above the applicable interest due on the instalment transaction. The finance charges, at HSBC’s prevailing rate, will be levied using the average daily balance method upon the Cardholder’s opening balance and all new transactions posted, including any applicable fixed monthly instalment amount and interest thereon, within the statement period accrued from the transactions’ posting date until the end of the current statement period.
The use of the Card in connection with HIP shall be subject to the Terms and Conditions governing HSBC’s Credit Card Products to the extent not inconsistent herewith.
The Cardholder’s availment of HIP shall be considered his/her acceptance of and agreement to be bound by these terms and conditions and such amendments hereof as may be made by HSBC and advised from time to time.
HIP cannot be availed of in conjunction with ongoing HIP Merchant, other HSBC credit card and/or government promotions.
HIP is available in select branches and over select items of the HIP merchant. The HIP Merchants listed in this material are current as of print date. HSBC reserves the right to change the line-up of HIP Partner Merchants participating in the HIP program from time to time. The latest list of HIP merchants may be found at HSBC’s website www.hsbc.com.ph. The items included in the 0% Interest Instalment Plan and/or in the Deferred Payment Plan, shall be identified in the price tag of the item.
In case of pre-termination or cancellation of the HSBC Card Instalment Plan transaction before the end of the chosen repayment period, HSBC reserves the right to charge to the cardholder’s account a processing fee of Five Hundred Pesos (P500).
All decisions made by HSBC or the HIP Merchant regarding this promotion are considered final.

Updated as of July 2013.

Frequently asked questions

HSBC’s Card Instalment Plan (HiP) is a feature of your HSBC credit card that allows you to pay credit card purchases made at accredited merchants in fixed monthly instalments (“instalment”) at zero percent (0%) interest over your preferred repayment period. “Repayment Period” refers to the number of months you have to pay off the purchase amount. It is also commonly called “tenor” or “term.”

All HSBC credit cardholders in good credit standing are eligible to purchase on instalment.

Zero percent (0%) refers to an instalment transaction where there is no additional interest or finance charge that is applied to the actual cost of the item you purchased using your HSBC Credit Card’s instalment facility over the selected tenor. As such, you only need to pay monthly a fixed amount computed by dividing the purchase amount by the chosen number of months to pay. Monthly Instalment Amount at 0% interest = Purchase Amount/No. of Months to Pay.

The system shall make the necessary adjustment on the last monthly instalment amount to be posted to your Statement of Account. For example, an instalment transaction amount of Php10,000 payable over a 3-month tenor shall be posted to your SOA as follows:

1st of 3 instalments = Php3,333.33

2nd of 3 instalments = Php3,333.33

3rd of 3 instalments = Php3,333.34

To qualify, cardholders must satisfy the single-receipt transaction minimum purchase amount prescribed by the merchant. Some merchants may allow cardholders to combine several items in order to reach the minimum purchase amount.

The shortest instalment tenor we offer is three (3) months to pay. Certain stores may offer longer instalment tenors such as 6 months, 9 months, 12 months, 18 months and above. Please ask the merchant your options before making a purchase.

Our partner stores determine which items may be purchased on instalment. Please ask the merchant your options before making a purchase.

The option to do instalment is available at selected appliance centers, furniture stores, department stores and specialty fashion retail shops. HSBC is continually expanding its network of partner stores so please always ask the merchant your options before making a purchase.

Yes, it will be reflected in your Statement of Account as a regular purchase transaction with the monthly instalment amount and schedule of payment (e.g. 1st of 12 instalments) shown. There’s also an instalment summary section found at the lower left of your statement.

The monthly instalment amount of instalment transactions made starting 22 July 2013 will form part of your Minimum Amount Due--which must be fully paid on Due Date. Should you be unable to pay the monthly instalment amount by the Due Date, or the full amount of your Minimum Amount Due by the Due Date as indicated in your Statement of Account, your account will become past due and your account will incur finance and late charges.

For instalments availed starting 22 July 2013, no finance charges will be incurred on the instalment itself if you pay the full Minimum Amount Due on or before the payment due date. Instalments availed prior to 22 July 2013 will still incur finance charges if the monthly balance of the card is not fully paid.

Yes. Please note though that all instalment purchases made by your supplementary card shall be posted and/or charged to your credit card account.

You do not have a separate credit limit for instalment thus the entire instalment amount will be deducted from your card’s available credit limit. Your available credit limit will be replenished as you pay your total due amount each month.

Yes. You earn the bonus points from the time you made the instalment transaction.