Christie Matherne, Credit Card Writer
@christie_matherne
The difference between HSBC and Chase is that Chase has a much larger presence in the U.S., with a broader array of credit cards and other financial products. HSBC is one of the largest banks in the world, and while it offers some products in the U.S., the company is based in the U.K. and focused on other markets.
Chase is also the largest bank in the U.S. by assets, while HSBC ranks 24th. All else being equal, Chase is the more convenient bank for Americans to access for credit cards and personal banking needs.
HSBC vs. Chase by Category
| Company | HSBC | Chase |
| Credit Cards | Two credit cards, which require a HSBC Premier Checking account | Wide selection of credit card offers for various credit levels |
| Banking | Limited selection of checking, savings, and CD accounts | Broad selection of checking, savings, and CD accounts |
| Loans | Mortgages | Mortgages, auto loans, and home equity loans |
| U.S. Locations | 22 wealth centers | 4,700+ branches |
| U.S. Market Share by Assets | 0.94% | 18.51% |
| Rank by Assets | 24th largest in U.S. | 1st largest in U.S. |
| Credit Card User Rating on WalletHub | [ct-cc-user-rating-13003688] | [ct-cc-user-rating-13001251] |
| Better Business Bureau Rating | A | A+ |
With both its credit cards and banking products, HSBC offers lucrative options for high spenders, while Chase offers greater variety at a lower cost. Chase does offer some top-tier travel cards, such as Chase Sapphire Reserve®, but also has cards available for credit newcomers.
Which bank works best for you will depend on where you live, as well as your assets and financial needs. You can compare both HSBC and Chase with more banking options on WalletHub.
People also ask
Is Chase bigger than HSBC?
Chase is bigger than HSBC in key metrics like total assets and U.S. presence; however, the comparison depends on how "bigger" is defined, such as global reach, assets, or market capitalization.
Chase is the largest bank in the United States by assets, with $4.19 trillion as of late 2024. HSBC Holdings plc, headquartered in London, is a global heavyweight with $3.098 trillion in assets under management as of September 2024, making it Europe’s largest...
read full answer by Ramses Delgado, Banking ModeratorIs HSBC a good bank?
HSBC could be a good fit if you're looking for a bank that stands out for its global reach, operating in over 60 countries, making it a strong choice if you travel frequently, work internationally, or need to manage finances across borders.
However, you might also consider other options if you’re looking for a bank with a wider presence in the U.S., as HSBC’s U.S. presence is limited, concentrated on the East and West Coasts. Additionally, consider other options if you’re looking for checking accounts with lower fees or savings accounts with higher interest rates.
Ultimately, the best bank depends on your individual needs and priorities. It's helpful to compare options and consider factors like fees, interest rates, branch access, and online banking features before making a decision.
read full answer by Ramses Delgado, Banking ModeratorIs HSBC a good credit card company?
Yes, HSBC is a good credit card company for rewards, no foreign transaction fees, and intro bonuses, according to WalletHub reviews. HSBC credit cards also have a user rating of 3.8/5 on WalletHub, based on more than 2,000 reviews.
Reasons Why HSBC Is a Good Credit Card Company
- 3.8/5 average user rating on WalletHub
- Initial bonus offers of up to 60,000 points
- Annual fees as low as $95
But...
read full answer by Chip Lupo, Credit Card WriterDid we answer your question?
Important Disclosures
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers. For full transparency, here is a list of our current advertisers.
Advertising impacts how and where offers appear on this site (including, for example, the order in which they appear and their prevalence). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Advertising enables WalletHub to provide you proprietary tools, services, and content at no charge. Advertising does not impact WalletHub's editorial content including our best picks, reviews, ratings and opinions. Those are completely independent and not provided, commissioned, or endorsed by any company, as our editors follow a strict editorial policy.