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Household Bank, HSBC becoming major credit card issuer

Summary

After acquiring Household Bank, HSBC became a major issuer of credit cards, offering various programs.

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The content on this page is accurate as of the posting date. Some of the offers mentioned below may no longer be available. Please review our list of best credit cards to find our current offers, or use our CardMatch tool to find cards matched to your needs.

HSBC is a relatively new name to the American banking landscape, but it is one of the largest financial organizations on the planet. HSBC stands for Hong Kong and Shanghai Banking Corporation, and it has banking operations in Europe, Asia and now North America. A few years ago HSBC purchased Household Bank, a leading issuer of consumer credit. The acquisition provided HSBC, based in London, with a firm foothold on the U.S. credit card market.

With the purchase of Household, HSBC acquired several card relationships. Among these was the GM Flexible Earnings Card, the HSBC Platinum MasterCard with Cash Back, which provides 1 percent cash back on all purchases, and the HSBC Platinum MasterCard with Cash or Fly Rewards Card that offers cash back or travel rewards.

The Orchard Bank Platinum MasterCard is designed for those who have no credit history and need to establish a credit rating, or those with less than perfect or bad credit.

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The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners.

Credit Card Rate Report Updated: August 5th, 2020
Business
13.91%
Airline
15.48%
Cash Back
16.09%
Reward
15.82%
Student
16.12%

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