Do you have a credit card? You probably do. I do have some credit cards but I only use 2 of them. I do keep the others for back-up purposes or just because the credit card companies just sent it to me without me needing to apply with the hopes that I will use them and they make money from me. But right now, I will only do a credit card comparison of the 2 cards I use, HSBC credit card and Citibank credit card. This is to help those people asking me how to choose the right credit card for them.

Let us start with my HSBC card. I have used it since 2006 and I am still benefiting from it. Compared to my Citibank card, its credit limit is higher. It is also enrolled in the Miles program. That means for every 50 pesos(I think) you spend you get one mile point. I have accumulated some mile points but still not enough to go anywhere outside the country. They also have an online banking facility which is a must in today’s world. I believe it us much more secure than other banks’ online facility because they give you a security token which will provide you with additional security codes other than your selected password to go into your online banking page.

I am happy with this card because of its high credit limit and online banking security feature. However, that is it. Though the rewards program is good, I don’t think it is meant for those who don’t spend much via credit cards (like me). So I guess the one at fault would be me, I shouldn’t have chosen this particular rewards program.

Then there’s my Citibank credit card. Like my HSBC card, I have been using it since 2006 and has been servicing me good until today. Like I said, it has a lower credit limit compared to HSBC. I think this is because they are more conservative with their customers. They try to adapt the credit limit with the card member’s salary which I think is good. The Citibank card is enrolled in a Cashback program. That means for every X pesos spent, Y pesos will be returned to me as credit! In other words, I sort of get a discount from my expenditure. They also have an online banking facility which is good.

Personally, I like the Citibank Cashback credit card more. It makes more sense financially because you get ‘automatic’ discounts from your balance. This is why I pay my bills with this card. Though it has a lower credit limit, I am able to use the program fully unlike the Miles program of HSBC.

Now, I am not saying that Citibank is definitely better than HSBC. What I am saying is that the best credit card for us is the one that will serve us the best. If you are a businessman and travel a lot, I would say that getting the HSBC credit card with the Miles program is the better choice that the the Citibank credit card.

So the point is, when planning to get a credit card, consider your situation first, assess your needs, check if your needs will be satisfied by the prospective credit card and if the answer is yes, then that credit card is the right one for you.

Make sure to check out the site for more related information about Credit Card Comparison – HSBC vs Citibank .

Please link to me
If you find this post useful, please show your support by linking to this article. Simply copy and past the text below into your blog/website : <a href="http://www.phawville.com/blog/credit-card-comparison-hsbc-vs-citibank/">Credit Card Comparison – HSBC vs Citibank</a>

Related Posts

• Cancer Cure? Asparagus! I received an email worth reading. It is about asparagus and its role in defeating cancer. I guess this would...
• Adsense Smartpricing Experiment Image by Getty Images via Daylife Last May 9, I read about Adsense Smartpricing in Griz's make money online blog....
• Cityville Cheats, Bot, Guide, Tips, Tactics, Strategy and Secrets Cityville Cheats, Bot, Guide, Tips, Tactics, Strategy and Secrets. Cityville is the number 1 Facebook game today and has beaten...
• Daily Globelines Broadband Speed Test Results I'll be posting my Globelines Broadband speed test results here everyday (hopefully I have the time). This is out of...
• HSBC Credit Card - How to Use it Wisely? HSBC Credit Card - How to Use it Wisely? I am currently in the possession of and use a HSBC...

Related Websites

• Review: Eat Pray Love (movie) Book Girl and I wen to this movie the other day. I thought it was a good rendition of translating...
• Reasons Why it is More Fun and Logical to Monitor Net Worth not Credit Scores Today's post is about tracking your personal net worth and your credit score as an enjoyable activity and as measure...
• Asking the Wrong Personal Finance Questions, Repeatedly I scan the headlines of dozens of personal finance blogs each day. Occasionally, I actually read the article behind the...
• Types of Sports Memorabilia Items to Buy There are a number of different forms that sports memorabilia items can take, including both modern memorabilia and vintage memorabilia....
• Online Bank Comparisons: HSBC This is the second in a three part series comparing the online banks I've used. The first part was on...

Filed under: Finance, Knowledge, Reviews, Tips, Worth Reading by Phaw Lo