The HSBC Cash Rewards Mastercard has a typical rewards-earnings rate, but in the first year, the rate is doubled (for up to $10,000 in spending). Collect reward points by shopping with your card. Write to Anna G at evan@creditdonkey.com. While that’s certainly not unique — provided you have good credit, you generally shouldn’t expect to pay an annual fee for most cashback cards — it’s an important benefit to note if you’re trying to maximize rewards but minimize costs. The HSBC Cash Rewards Mastercard® credit card is a solid card with good terms and great benefits. 400 and Rs. However, the card's rewards are geared toward higher rollers. We rate both introductory APR percentage and length (in months) along with the midpoint of the variable regular APR interest rate range. HSBC Cash Back Rewards Program: Earn cash on your purchases Enrolment in the HSBC Cash Back Rewards Program provides a 1% rebate on all eligible purchases. It also has an introductory 0% APR promotion on new purchases and balance transfers, and protection if your mobile phone is stolen or damaged. If a balance transfer is your primary objective, however, you can do better. The latter are thanks mostly to the card’s 10% anniversary bonus, which bumps up the effective rewards rate from a respectable 1.5% to a generous 1.65%—with nothing extra required to earn that higher rate, except a little patience (since the 10% bonus earnings arrive at the end of the year). This compensation from our advertising partners may impact how and where products appear on our site (including for example, the order in which they appear). We publish unbiased product reviews; our opinions are our own and are not influenced by payment we receive from our advertising partners. The information may have changed after that date. When you get your credit card statement … Annual Interest . He earned a bachelor’s degree from the University of Texas at Austin, where he majored in finance. Find Rewards you want and see how soon they can be yours. There are no foreign transaction … HSBC offers several redemption options for the cash back you earn with HSBC Cash Rewards Mastercard. Collect points with HSBC Mastercards, and you can redeem them for travel, experiences, gift cards, merchandise, HSBC financial products, and more. How to apply. The HSBC Cash Rewards Mastercard recently updated it’s sign-up bonus – offering cardholders 3 percent cash back on up to $10,000 in purchases in the first year (standard 1.5 percent rate thereafter). Credit Cards . That isn’t the highest earning rate among cashback cards, but it’s not the lowest, either. When charged, balance transfer fees range between 3% - 5%, which we grade accordingly. 1 Terms & Conditions for HSBC Premier World Mastercard Credit Card Programme apply. You spend $1100. †† The opinions you read here come from our editorial team. Live a rewarding life. This card, however, has a couple of key advantages. Offers Latest Rewards . To provide more complete comparisons, the site features products from our partners as well as institutions which are not advertising partners. Info HSBC Cash Rewards Credit Card Sponsored Citi® Double Cash Card – 18 month BT offer Sponsored Chase Freedom Unlimited® Sponsored Blue Cash Preferred® Card from American … 1.5% cash back on all other purchases. This compensation may impact how and where offers appear on this site (including, for example, the order in which they appear). It’s not the best card if you’re looking for a sweet bonus or an incredible deal on balance transfers. So when it comes to balance transfers, the HSBC Cash Rewards Mastercard® credit card has a shorter introductory period than other cards and a similar fee structure to its competitors. The HSBC Cash Rewards Mastercard credit card earns 3% cash back on up to $10,000 in purchases during the first 12 months after opening an account. The Capital One Quicksilver Cash Rewards Credit Card is comparable in many respects to the HSBC Cash Rewards Mastercard® credit card. Sure, the card's introductory offer is alluring. The one that has it all. On the other hand, with the Capital One Quicksilver Cash Rewards Credit Card you can earn a One-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening. Earn 3% cash back on purchases up to a cap in your first year, the rake in a consistent 1.5% back on all your purchases with no annual fee. Enjoy this generous offer for a limited time only. 4000 at any pump in India or according to any such criteria as decided by HSBC from time to time. One exception is its contactless payment ability. Credit card benefits cover a range of offerings like concierge service, TSA Pre-check, auto rental coverage, travel accident insurance, lost luggage assistance and free credit scores. Then use the Mastercard Pay with Rewards app or website to use your points towards purchases – online or in stores. HSBC Cash Rewards Mastercard's Outstanding Perks Onefinestay discount: You’ll get 10% off when you book high-end vacation rentals through onefinestay. Depending on your goals and priorities, however, there might be better choices. Streamline day-to-day finance with HSBC’s business integrated accounts, deposit and investment solutions, foreign exchange services, commercial cards and multichannel support. The card has a foreign transaction fee of None and offers travel accident insurance coverage of up to $1 million. HSBC Rewards points can be used towards cash-back (which you’ll learn more about below), but HSBC Cash Rewards can’t be used for anything except cash-back, limiting the utility of your rewards. The HSBC Cash Rewards Mastercard® credit card earns an introductory 3% Cash Back on all purchases in the first 12 months from account opening, up to the first $10,000 in purchases. Cash Back, Miles, or Points: What's The Difference. That's when you can earn double the regular 1.5% earnings on up $10,000 of spending, thanks to the card's introductory bonus. Investopedia is committed to delivering the best credit card recommendations in the industry. With our brand-new Flexi-Rewards, you can shop online with your points and enjoy great value on over 500 hand-picked items! These responses are not provided or commissioned by the bank advertiser. Earn 2 points per $1 at US supermarkets on up to $6,000 per year. After that, the card offers 1.5% unlimited cash back on all purchases. Joe is currently a research analyst who covers credit cards and the payments industry. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Convert RC into MoneyBack Points instantly via HSBC Reward+ and use them as cash at PARKnSHOP, Watsons and Fortress, or to redeem featured products. Balance Transfers must be posted within the first 60 days following Account opening. Advertiser Disclosure: ValuePenguin is an advertising-supported comparison service which receives compensation from some of the financial providers whose offers appear on our site. The HSBC Premier Mastercard Credit Card offers one of the finest Reward Programmes that offers 2 Reward Points for every INR100 spent on the card. The HSBC Cash Rewards Mastercard® credit card * is a solid no-annual-fee credit card that earns 1.5% cash back on all purchases. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. Apply today. Earn 1.5 Cash Rewards on every $1 you spend on new purchases. Variety is the spice of life — and of credit card reward redemption. The HSBC Cash Rewards Mastercard® credit card earns 3% back on all purchases in your first year up to $10,000 spent. Advertiser Disclosure: The products that appear on this site may be from companies from which ValuePenguin receives compensation. Maximise working capital and improve cash flows with a wide range of financing, import and export financing, and commercial card solutions. HSBC Premier Mastercard: 1.5 Reward Points + 3,000 free points upon activation (new applicants only) & 8,000 Bonus Points for spending $6,000 in the first 3 months. View the HSBC Platinum Mastercard® credit card Cardmember Agreement open in new tab. Spending Instalment Plan Cash Instalment Plan Cash Credit Plan … Earn an introductory 3% cash back on $10,000 in purchases made during the first 12 months of account opening. Learn More Learn more about Travel Rewards. When you combine the HSBC +Rewards Mastercard… 100 points equals £1. HSBC Gold Mastercard® … See more Credit Cards Offers. The HSBC Cash Rewards Mastercard® is a jack-of-all-trades card. ValuePenguin does not include all financial institutions or all products offered available in the marketplace. HSBC Latest Offers. Learn more about Red Hot Rewards of Your Choice * The above statements are based on the perception rating results from the Kantar Pulse Study conducted between October 2019 to December 2019 that covered a population representative sample of 440 credit card holders in Hong Kong. The HSBC Cash Rewards Mastercard® credit card has a rewards program while the HSBC Gold Mastercard® credit card does not. 2 The information about the costs and benefits of the card described is accurate as of 1/19/2021. For example, you have a credit card which offered a $200 statement credit. We’ve got … The HSBC Cash Rewards Credit Card is a credit card that offers 3% cash back — without any spending category restrictions — for the first year of membership. View Rewards View Rewards and build your Wishlist. Cash advances Enjoy using your credit card to withdraw cash from our ATM systems all over the world, just as you do with your debit card. That comes with trip planning assistance, a discount on airport meet-and-greet services, hotel benefits such as room upgrades and early check-in/late checkout, and access to Mastercard’s Lowest Hotel Rate Guarantee program. The HSBC Cash Rewards Mastercard credit card focuses primarily on cash back that can be deposited to your HSBC account or used as statement credit. While we make an effort to include the best deals available to the general public, we make no warranty that such information represents all available products. HSBC Rewards credit card terms and conditions View the HSBC Premier World Mastercard® credit card Cardmember Agreement open in new tab. You'd also receive $150 from your regular cash-back earnings of 1.5% of spending. With HSBC Red Mastercard, enjoy rewards on all your spend. Mastercards from HSBC Canada let you choose from services and rewards that meet your needs. ... Get a New Credit Card. 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwide. You’ll earn a flat 1.5% cash back on every purchase you make, plus a 10% annual anniversary bonus on those earnings, which provides an effective 1.65% rewards rate. These ratings and reviews are provided by our users. 1x Reward Points will be awarded for every RM1.00 Eligible Spend transaction charged and posted to your HSBC Premier World Mastercard Credit Card and there is no capping on the 1x Reward Points. It offers a unique intro 3% cash back on up to $10,000 in purchases in the first 12 months from account opening, and 1.5% cash … Reward points will be offered only for purchases made on the HSBC Credit Card. The HSBC Cash Rewards Mastercard® credit card lets you Earn 3% cash back on all purchases in your first year, up to $10,000 in spend. With the HSBC +Rewards TM Mastercard® get 2 Points for every $1 on eligible dining or entertainment purchases (1% in travel rewards) 19, earn 1 Point for every $1 on all other everyday purchases ... 18 Customers enrolled in the HSBC Personal Cash Back Rewards Program or the HSBC Gold Cash Back Rewards Program earn rebate for most purchases charged to your HSBC Mastercard account, less … Advertiser Disclosure: Some of the offers that appear on this website are from companies which ValuePenguin receives compensation. This compensation may impact how and where offers appear on this site (including, for example, the order in which they appear). The bonus 1.5% earnings, however, are not eligible for enhancement by that 10% anniversary percentage at the end of the year. Find out … Learn More Learn More about HSBC Rewards. This card also has a $0 annual fee. Then use the Mastercard Pay with Rewards app or website to use your points towards purchases – online or in stores. Year-round Privileges RewardCash Rebate Rewards of Your Choice RewardCash Certificate Scheme Instant RewardCash redemption at merchants Mileage Programme RewardCash eShop See more Card Financial Flexibility. You can get 3% cash back on every transaction and save up to $10,000 for the first months of using the card. For purchases in non-qualifying categories, the same cards generally offer just 1% cash back. Does that first year of additional cash back rewards and other perks make this a good choice for your wallet? You can use this rewards calculator to calculate how many points, miles, or cash back you can earn based on … The Chase Freedom Unlimited® offers the same bonus as the Capital One Quicksilver Cash Rewards Credit Card: a One-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening. When you get your credit card statement for the month following the … Balance transfer fees are occasionally waived during introductory periods with certain cards, a factor which is heavily and positively weighted in our scoring model for cards offering this benefit. That makes this card potentially more lucrative than many other cash-back credit cards that earn 1.5%. consumer checking and savings accounts in your name alone or as a joint accountholder are eligible. Credit Karma receives compensation from third-party advertisers, but that … Benefits may not be offered in every state. Learn more and apply online. The card is an under-the-radar offering that is far more appealing for those who have their eye on the bottom line. Because most credit cards value cash rewards at 1 cent per point, that’s equivalent to $300 — more than the cash bonus offered by the card’s chief competitors. Explore more offers on HSBC credit cards. If you have an HSBC Bank account, you can even receive rewards as a direct deposit into your account. Purchases where the surcharge is not waived will earn Reward points. Note that your account … At the end of the day, that means the 1.5% cash back you receive on purchases is more like 1.65%. The nice thing about the HSBC Cash Rewards Mastercard® credit card is that its 1.5% cash back applies on all purchases, regardless of spending category, which makes it easy to both earn rewards and track them. Book your travel your way and redeem Points for a statement credit on your HSBC Mastercard. HSBC Credit Card, the best credit card in town*. The HSBC Cash Rewards Mastercard® is a great option for anyone with good credit or better who wants to earn cash back at a consistently high rate without paying an annual fee. Conditions Apply. This card offers an ongoing 1.5% unlimited cash back rate on all purchases and no annual fee. You spend $1100. (after that, it’s Variable APR of 13.99% - 23.99% will apply after the Introductory Period, depending on the cardholder’s creditworthiness). Other standard fees can generally be avoided, such as those for paying late or taking cash advances but we rate those relative to other cards in the market for reference, though with less weight assigned. We also assign value to sign-up bonus offers and their initial spending requirements, when present. It’s important to note that for our overall score that we make a number of assumptions about how you would be using your credit card: Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. One is its attractive cardmember bonus. And you’d better like bonuses because HSBC Cash Rewards has a few. Frequently asked questions After that, you’ll enjoy everyday spending earnings of 1.5% cash back. Special Offer - Earn 35,000 Points i ($175 travel value). Add on the 0% interest rate on purchases for the first 12 months, and you can squeeze a lot of value from this card, especially in year one. But it’s not the only one. Wishlists do come true. Platinum with Rewards Mastercard®, HSBC Cash Rewards Mastercard® Student Account. Overview As a holder of the HSBC Cash Rewards Mastercard® credit card (“Customer”), you are enrolled in the HSBC Rewards Program (also referred to as the “Program”). Earn 1% cash back on all eligible purchases—and when you redeem it to pay down eligible debt, save, or invest with SoFi, we'll throw in an extra 1% toward your goal, for a total of 2%. Earn 2 Amtrak Guest Rewards points per $1 spent with Amtrak and 1 point spent on all other purchases. Terms apply. Earn 3x points on travel immediately after earning your $300 travel credit, 3X points on dining at restaurants, and 1 point per $1 spent on all other purchases. It also offers advanced security measures such as Mastercard ID Theft Protection, contactless payments, and customer service available by phone or online messaging. 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perks, ValuePenguin’s verdict: A strong choice when cash is king, Alternatives to the HSBC Cash Rewards Mastercard® credit card. Some cards, for example, may offer as high as 3% or even 5% cash back, but those earning rates typically apply only to certain purchase categories, such as gas or groceries. Balance Transfers must be posted within the first 60 days following Account opening. The Citi® Double Cash Card – 18 month BT offer has the HSBC Cash Rewards Mastercard® credit card beat when it comes to cash back. We’ll tell you when a card is good, we’ll tell you when a card is bad, and we’ll only call a card the best if we would recommend it to our friends or family members. It also offers advanced security measures such as Mastercard ID Theft Protection, contactless payments, and customer service available by phone or online messaging. 1.5% cash back thereafter. Under that, Mastercard refunds the difference if you use your card to book a prepaid hotel room and then find the same room at a cheaper rate. HSBC Premier Mastercard Black credit card: 2 reward points + 3,000 free points upon activation (new applicants only) & 40,000 Bonus Points for spending $20,000 in the first 3 months. The card is also worth considering if you need some time to pay off a balance from another credit card without it incurring interest charges; alternatively, it provides a break from high interest if you plan some major purchases with another card that you could benefit from an interest-free period to pay off. And it’s not the best card if you’re looking for premium benefits. Alongside its introductory cash back, that makes the HSBC Cash Rewards Mastercard® credit card an attractive and sensible choice for anyone who’s in the market for a new card. With this card, you’ll double your cash-back earnings, to 3% in cash back, on up to $10,000 in spending during the first 12 months. HSBC HK . Valid till 31 January 2021. Every time you make a purchase 1 using your HSBC Rewards Credit Card, you’ll automatically collect reward points. Because point values may fluctuate based on your preferred redemption option, you should read the card’s fine print before you redeem your points to make sure you’re not throwing them away. This site may be compensated through a credit card issuer partnership. If you max out the spend cap on this offer, you can bring in at least $300 in cash back in the first year alone.

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