Why is the HSBC Pulse card so important?

Regardless of whether the HSBC Pulse benefits will be "diluted" or not, this Pulse credit card remains one of the practical tools for repatriating funds after withdrawing from Hong Kong and US stock accounts. Funds are withdrawn from the brokerage to HSBC HK.

This money can be in HKD, or converted to offshore Renminbi as needed.

Then, when making daily purchases in mainland China, using the Pulse card in scenarios like UnionPay and QuickPass, the Renminbi spending goes into the Renminbi sub-account, which can later be repaid using the Renminbi or HKD in the Hong Kong account. Some friends have even used this card to pay the down payment for a Tesla.

It's like the Pulse credit card connects three points: from the brokerage account -> Hong Kong bank account -> mainland daily consumption scenarios.

Moreover, the Pulse card itself is a UnionPay dual-currency card. Renminbi spending corresponds to the Renminbi account, and HKD spending corresponds to the HKD account, making spending quite comfortable.