Feb 16 • 14:00 UTC 🇲🇽 Mexico El Financiero (ES)

HSBC and Visa launch card to win over the new Premier generation

HSBC Mexico and Visa have launched the HSBC One+ Visa card targeting middle to high-income clients seeking valuable experiences and rewards in their everyday spending.

HSBC Mexico and Visa are stepping up their strategy in the middle and upper-income client segment with the launch of their new HSBC One+ Visa card. This financial product is designed for individuals who prioritize experiences, wealth planning, and tangible rewards from their everyday consumption. Dubbed as an offering for the 'next Premier generation', this card aims to appeal to a growing professional demographic that demands financial solutions tailored to their lifestyle.

The HSBC One+ Visa card boasts a cashback incentive of 5% across five key categories: entertainment, travel, dining, health, and wellness, including international purchases both online and in person. This reward structure aligns with recent spending patterns that indicate a rising preference for personalized experiences and international consumption among customers. The targeted approach reflects HSBC's commitment to meeting the evolving needs of its clientele and attracting the new generation of affluent customers.

In the realm of entertainment, the new card facilitates payments for 56% of attendees at various events such as concerts, festivals, movies, and sports events. This statistic underscores its strategic relevance in a booming industry, as evidenced by an 18% increase in billing for entertainment-related spending at HSBC last year. As more customers focus on experiences over material goods, the HSBC One+ Visa positions itself as an essential financial tool for a dynamic and aspirational demographic in Mexico.

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