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Credit Card Interest-free Merchant Instalment Plan

Give your money some breathing room with our Interest-free Merchant Instalment Plan

Pay by instalments for your spending while earning rewards

Our Interest-free Merchant Instalment Plan let you spend by instalments on your HSBC credit card[@cards-mip-designated-cards] at over 4,500 designated outlets[@cards-purchasehotspots] while earning rewards as you do! 

Pay by instalment and earn up to $500 RewardCash and/or instant discount

  • Earn an extra $300 RewardCash when you pay by instalments with our new 'iPhone for Life' programme. Offer ends 28 February 2023. T&Cs apply.
  • Enjoy a $100 instant discount if you use an HSBC Red credit card and join the programme at 3 Hong Kong on or before 31 December 2022. T&Cs apply.
  • Get an extra $100 RewardCash when you set up a new merchant instalment of HKD1,000 or above with an HSBC credit card for the first time. T&Cs apply.

Perks you'll love

iPhone 14 Pro. Pro. Beyond.

Available with iPhone for Life - you can always have the latest iPhone at affordable monthly instalments. Simply pay for it with your HSBC credit card at designated merchants, and after 24 months, you have the option to keep the iPhone or upgrade to the latest model. It's your iPhone, your choice! 

Festive dining deals

Treat yourself and your loved ones this season, and pay the bill by instalments over a 3-month period. Book a table at featured restaurants now!

Shop online and offline

Shop at over 4,500 merchant hotspots and pay for your purchases by instalments.

  • Enjoy a more flexible shopping experience at physical stores and online merchants where you can pay in instalments
  • Explore products across a wide range of categories including daily living, gadgets and electronics, and luxury goods

How to find available merchants on the HSBC Reward+ app

Discover the latest offers and available merchants in 3 simple steps.

Step 1: Go to 'Merchant Instalment'

On the 'Home' screen, select 'View all' under 'Latest offers'. Scroll through the horizontal tabs and select 'Merchant Instalment'.

Step 2: Explore merchants

Select any of the designated merchants to see offer details.

Step 3: Narrow down by card or category

You may filter the merchants by category or available card type. A list of merchants will be displayed.

Don't have the HSBC Reward+ app yet?

Don't miss out on the latest offers and available merchants you could use our Interest-free Merchant Instalment Plan at. Download the HSBC Reward+ app now to check them out and use your RewardCash, anytime and anywhere.

Things you need to know

How to pay by instalments when shopping online

Get more from your credit card

Turn your credit card transactions or statement balance into 6-60 monthly instalments
A dedicated app to use your RewardCash, browse the latest offers and manage payments on the go

Important information

To borrow or not to borrow? Borrow only if you can repay!