MyCardBlog

I want to briefly introduce the AFT+ MasterCard which seems to be a new credit card product from HSBC Bank. Citi just launched a new credit card by partnership with MySpace.com-the new Citi Forward Card. The Citi Forward Card is an upgraded version of the Citi mtvU Card. They both offer the similar rewards thankyou points by the new Citi Forward Card offers 11,000 bonus thankyou points.

This AFT+ MasterCard seems to be different from other popular HSBC issued credit cards. We know that the Household Bank and Orchard Bank MasterCard are offering 2% cash back for everything. This AFT+ MasterCard seems to be a different version of the Blue Cash from American Express Card. Let’s see the cash rewards of the AFT+ MasterCard.

Cash Rewards are earned in tiers and the earnings period is reset annually.

• 0.5% on the first $5,000
• 1.0% on the second $5,000
• 2.0% in excess of $10,000

The cash rewards amounts will be doubled (Double Cash Rewards) on all merchants classified as the following: wholesale clubs, grocery stores, supermarkets, dairy products stores, bakeries, druge stores, pahrmacies, service stations, and automated fuel dispensers. Cash rewards may only be redeemed for the full amount available, and only in $20 increments.

But for this rewards, I would prefer the Blue Cash from American Express which only has one threshold $6,500 for each year.

This credit card claims to have Triple Plus Features: Triple Plus Value, Triple Plus Protection and Triple Plus Service which I think all other credit cards also have. The only good thing is the rates are much lower than other credit cards. There is no annual fee associated with this credit card. You can skip up to 2 regular payments a year with no harm or damage to your credit rating. This skip payment option seems cool to me.

This credit card also  offers 1.99% introductory APR on purchase for the first 6 months. You can also get 5.99% fixed APR on balance transfer for the life of the balance.

More details about this AFT+ MasterCard can be found here.