Banking giant HSBC has launched yuan credit card services for clients who travel frequently to the mainland. The service will issue either gold or classic credit cards. The cards are accepted at 60,000 ATM banking machines throughout the mainland and the China UnionPay Company merchant network. The cards will offer free consumer insurance against loss, theft or damage for up to HK$30,000 within 30 days of purchase. Customers will earn one point for each yuan spent on credit. The programme will convert each 12 reward points into one Asia Mile or one KrisFlyer mile. Annual fees are waived for those who apply before October 31.