What's the difference between HSBC and Citibank? This question is about HSBC Credit Cards

The main differences between HSBC and Citibank are their credit card options and their U.S presence. HSBC currently offers only 2 credit cards, the HSBC Premier World Credit Card and the HSBC Elite Credit Card. And they both require excellent credit for approval. Citibank, on the other hand, has a large variety of options, including 0% APR, secured, and balance transfers credit cards. HSBC vs. Citibank Bank: HSBC Citibank Overview: It has a more international presence (widely known in Asia, Europe, Middle East, and Africa). But it is more dependent on retail and commercial banking. It mostly operates in North America. The bank's revenue comes from a diversified source. Products offered: Checking and savings accounts; CDs; credit cards; mortgages; personal loans; retirement and investment plans; online banking, and more. Checking and savings accounts; CDs; credit cards; loans; mortgages; IRAs, investment services; online banking, and more. Ratings: 3.8 / 5 across more than 1,800 reviews on Wallethub. 3.7 / 5 across more than 31,000 reviews on Wallethub. Pros: Bonuses available for new customers and referrals International banking options Global presence One of the largest credit card issuers Many Fee-Free ATM’s Many perks available for credit cards (0% intro APRs, rewards) Cons: Present in only 8 states Not many credit card options available Most credit cards have a foreign transaction fee Not all accounts are available in some areas of the U.S. Since both are banking giants with a wide array of services to offer, it's up to you and your financial needs to choose one or the other.

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What's the difference between HSBC and Citibank?

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This question is about HSBC Credit Cards

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Sarah Bilkins, WalletHub Credit Card Analyst

@sarah.bilkins • 02/10/23 This answer was first published on 03/04/22 and it was last updated on 02/10/23.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The main differences between HSBC and Citibank are their credit card options and their U.S presence. HSBC currently offers only 2 credit cards, the HSBC Premier World Credit Card and the HSBC Elite Credit Card. And they both require excellent credit for approval. Citibank, on the other hand, has a large variety of options, including 0% APR, secured, and balance transfers credit cards.

HSBC vs. Citibank

Bank:	HSBC	Citibank
Overview:	It has a more international presence (widely known in Asia, Europe, Middle East, and Africa). But it is more dependent on retail and commercial banking.	It mostly operates in North America. The bank's revenue comes from a diversified source.
Products offered:	Checking and savings accounts; CDs; credit cards; mortgages; personal loans; retirement and investment plans; online banking, and more.	Checking and savings accounts; CDs; credit cards; loans; mortgages; IRAs, investment services; online banking, and more.
Ratings:	3.8 / 5 across more than 1,800 reviews on Wallethub.	3.7 / 5 across more than 31,000 reviews on Wallethub.
Pros:	Bonuses available for new customers and referrals International banking options Global presence	One of the largest credit card issuers Many Fee-Free ATM’s Many perks available for credit cards (0% intro APRs, rewards)
Cons:	Present in only 8 states Not many credit card options available	Most credit cards have a foreign transaction fee Not all accounts are available in some areas of the U.S.

Since both are banking giants with a wide array of services to offer, it's up to you and your financial needs to choose one or the other.

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Is Citibank a good credit card company?

Citibank is a good credit card company overall, and it's especially good for credit building, rewards, and intro bonuses, according to reviews. Citibank credit cards also have a solid user rating of 3.7/5 on WalletHub, based on more than 30,000 reviews

Reasons Why Citibank Is an Average Credit Card Company

3.7/5 average user rating on WalletHub
3 credit card offers rated 4+ out of 5 by WalletHub editors
70.8 million...

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Is Citibank in trouble?

Citibank has been in trouble with regulators, and was fined $400 million by the Federal Reserve and the Office of the Comptroller of the Currency in 2021. The fine was for “unsafe and unsound banking practices,” which included sending around $900 million to the wrong recipients. In addition, the bank was found to have violated the Fair Housing Act and Flood Disaster Protection Act, and to have not kept track of how some funds moved...

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What's the difference between HSBC and Chase?

The difference between HSBC and Chase is that while HSBC is one of the largest full-service global banks, Chase is an American national bank offering investments, loans, banking and credit cards.

When it comes to credit cards, Chase has a bigger popularity and it’s more accessible. HSBC’s overall U.S. presence in quite limited, and you won’t find that much information about their products, as you would with Chase.

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