HSBC has new offers for their Mastercards. HSBC Cash Rewards; Benefits. For complete details of any products mentioned, visit bank or issuer website. Efforts have been made to keep the content up to date and accurate. Less well-known than other 1.5 percent cash back cards from bigger banks, the HSBC Cash Rewards Mastercard stands out from its competitors with a solid 10 percent anniversary bonus that can substantially boost cardholders’ earnings. And you won’t necessarily get the full value of your rewards when you do. Reasonable efforts are made If an item has multiple warranties they can each be extended. By providing my email address, I agree to CreditCards.com’s It’s based on your Experian credit report, just like the HSBC card. Advertiser relationships do not affect card ratings or our Editor’s Best Card Picks. HSBC Cash Rewards Mastercard Review A good cash back credit card can be very useful for busy professionals. It also offers HSBC Rewards points on your everyday spending. The HCBC Cash Rewards provides cardholders with their FICO 8 Credit Scores based on Experian credit reports. If you tend to make a lot of purchases of these types, a card like this could net you a fair bit of cash back every year. But, in practice, the rewards can be difficult to earn and build up quickly. Sign-up Bonus Its minimum APR runs as low as 14.74 percent (variable) – a rate that’s increasingly hard to find, even on lower interest rate credit cards. Your anniversary bonus also applies to any cash back earned at the 3% intro reward rate, which means you can actually earn 3.3% cash back on up to $10,000 in purchases during your first year as a cardholder. Credit Card Insider and CardRatings may receive a commission from card issuers. Credit Card Insider receives compensation from advertisers whose products may be mentioned on this page. They include access to Amex Offers, a selection of discounts at many popular merchants. HSBC Cash Rewards Mastercard® Credit Card Review Comparable to the Chase Freedom Unlimited® and the Capital One Quicksilver® cards, the HSBC Cash Rewards Mastercard® offers an unlimited 1.5% cash back earning rate on all purchases. Furthermore, there are no foreign transact The HSBC Premier Mastercard is issued by HSBC. Contact us here. *Offer currently unavailable* Additionally, this card offers an ongoing 1.5% unlimited cash back rate on all purchases and no annual fee. American Express is a Credit Card Insider advertiser. When you add that to the rewards you earn, it means you’ll effectively be getting 1.65% cash back on your purchases. Low intro APR: 0% for 15 months on purchases from the date of account opening, then a variable rate, 13.99% to 23.99%. They include a concierge you can call any time to get non-emergency help of all kinds. But it does make checking your score with the Amex card more convenient. Then use the Mastercard Pay with Rewards app or website to use your points towards purchases – online or in stores. HSBC Cash Rewards Mastercard® And you’d better like bonuses because HSBC Cash Rewards has a few. Do you have the HSBC Cash Rewards Mastercard card? The sign-up bonus is just so so. Earn an Introductory 3% Cash Back on all purchases in the first 12 months from Account opening, up to the first $10,000 in purchases. The second has static reward categories but it’s a Discover card, so it has the same extra benefits and features as the Discover it Cash Back. The HSBC +Rewards™ Mastercard® stands out from the crowd not only because of the white logo and exquisite design but also because of the advantageous interest. Credit Card Insider has not reviewed all available credit card offers in the marketplace. This is a very low-cost card, with no annual fee. Credit Card Insider receives compensation from some credit card issuers as advertisers. For example, a 5-percent cash back card with rotating category bonuses requires you to monitor spending categories that change every three months and strategically shift your spending so that you earn the maximum amount. Learn more about our advertising policy. Privacy Policy, Essential news and expert tips in your inbox every week. Collect points with HSBC Mastercards, and you can redeem them for travel, experiences, gift cards, merchandise, HSBC financial products, and more. Each year you hit your account anniversary, you’ll get a 10-percent bonus on all the cash you earned that year. EDITORIAL DISCLOSURE: The editorial content on this site is not provided by the companies whose products are featured. You can also earn quite a bit back with this type of card if you use it as an everyday spending tool and charge all or most of your purchases. To earn cash back, pay at least the minimum due on time. They require you to make certain kinds of purchases at certain times, for instance, or book travel through certain services. Citi Flex Plan offers are made available at Citi’s discretion. This card can be cheap to use, with no annual fee or foreign transaction fee. Other than that, the Citi card also offers a few benefits that are a cut above the basics you get with the HSBC card. The hook for this card is a 12-month introductory period of 3% cash back rewards along with an introductory 0% APR offer for both new purchases and balance transfers. Getting a 10% bonus on your cash back makes this a bit better than other 1.5% cash back card offers. And it’s a pretty good offer compared to other general-use rewards cards, thanks in large part to Discover Match. You may save some money compared to calling the service directly because some fees are pre-negotiated. Reasonable efforts are made to maintain accurate information, though all credit card information is presented without warranty. We’re sorry, but something went wrong and we couldn’t find your approval odds. These terms allow CreditCards.com to use your consumer report information, including credit score, for internal business purposes, such as improving the website experience and to market other products and services to you. The Blue Cash Everyday® Card from American Express (Review) has a bit more reward potential than the other general-use cards listed here. The offers that appear on this site are from companies from which CreditCards.com receives compensation. It’s based on your Equifax credit report. Just be sure to report any unauthorized activity as soon as you notice it. Discover will double the total amount of rewards you earn in your first year, which is a great offer. The card details have not been reviewed or approved by the card issuer. This compensation may impact how and where products appear on this site, including, for example, the order in which they appear within listing categories. Paylaşın. But instead of set categories, this card has bonus reward categories that change every three months. If you're a heavy spender or frequent traveler, there are … This benefit will double the item’s warranty, up to a maximum of 12 additional months. That makes the cash back rate to be 1.65% on everything. The icing on the cake? After the first year the Discover it Cash Back drops to 1% for those purchases, so the 1.65% you’ll get from the HSBC card is better. Or you can just use this as your primary card and collect your automatic cash back bonus without spending any more valuable time thinking about credit card rewards programs. However, all credit card information is presented without warranty. Privacy Policy. Other cashback credit cards offer enticing cash bonuses to new cardmembers, which can be a tempting carrot when you’re comparing cards. We will issue a one-time rebate equal to the annual fee charged to your HSBC +Rewards Mastercard … Key facts: No annual fee, card only available to HSBC Premier current account holders. Either $10 or 4%, whichever is greater, will apply on each balance transfer and credit card check. There’s also a set of basic shopping and travel protections. HSBC Cash Rewards Mastercard Summary Earning Cash Back. Here we take a deep dive into the HSBC Rewards program and show you how to maximize the return on your spending. 0% purchase and balance transfer APR for 12 months, which can help you, HSBC Cash Rewards Mastercard® credit card, full set of benefits for the HSBC Cash Rewards Mastercard, Blue Cash Everyday® Card from American Express, your FICO score based on your Experian report, Blue Cash Preferred® Card from American Express, Leave your own review of the Cash Rewards Mastercard. The HSBC card’s APR is also surprisingly affordable – especially compared to similar cash back cards. By clicking "See my odds" you agree to our Terms of Use (including our Prequalification Terms) and Privacy Policy. You might be wondering what a travel card is doing on this list of alternatives. Some offers mentioned on this page may be outdated. The HSBC Gold Mastercard® credit card is highlighted by a late fee waiver once every 12 months. CreditCards.com does not include the entire universe of available financial or credit offers.CCDC has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. Advertiser relationships do not affect card evaluations. By admin Son Güncelleme Dec 14, 2020. In addition to all that, this card has no annual fee. Considering that most credit cards charge a 19.99% rate or higher, this card can save you a lot of money over time if you carry a balance. Your credit score is only available on your statement, rather than freely online like many other cards. New to credit cards? The cash rewards program for the HSBC Cash Rewards Mastercard® credit card is very straightforward. The HSBC Cash Rewards Credit Card is a cash back credit card that does not charge an annual fee. The HSBC +Rewards Mastercard offers a standard low-interest rate of 11.9% on purchases, balance transfers and cash advances. All reviews are prepared by CreditCards.com staff. This only applies to balance transfers, unlike the 0% purchase and balance transfer rate you get with the HSBC card. The annual fee is $0. The Chase Freedom Unlimited® (Review) is similar to the HSBC card in that it offers 1.5% for non-category purchases, but it has more to offer. Just dip or swipe your card, redeem your cash when you’re ready and you’re done. After that, the regular 14.99–24.99% Variable APR applies. So you’ll need to have a decent credit history and financial situation to improve your odds of being approved. Other factors, such as our proprietary website's rules and the likelihood of applicants' credit approval also impact how and where products appear on the site. Any opinions, analyses, reviews, or evaluations provided here are those of the author’s alone, and have not been reviewed, approved, or otherwise endorsed by the Advertiser. the "Apply Now" button, you can review the credit card terms and conditions on the issuer's web site. This card also makes it easy for cardholders to maximize their earnings, based on how they like to use credit. You’ll always earn your 1.5 cash back bonus, no matter what you buy or when you buy it. Citi cardholders can also access the Citi Easy Deals shopping portal, where you can find discounts on some products and at some retailers. Just swipe, and automatically get 1.5% cash back on all your purchases. There are also some account management features. It’s based on your Experian credit report. Copyright © 2021 CreditCards.com a Red Ventures Company. The information, including card rates and fees, presented in the review is accurate as of the date of the review. 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. We gave this card 4 out of 5 Stars because it’s a simple and inexpensive card to use. ADVERTISER DISCLOSURE: Credit Card Insider is an independent, advertising supported website. We’ll do a soft credit pull to find them, which will never impact your credit score. For example, you can pair this card with higher maintenance rewards cards that offer bigger bonuses on certain types of purchases, but only offer 1 percent back on general purchases. There are a few other good general-use rewards cards with slightly different terms and features. You could alternate this card with a 5-percent cash back card and use it on any purchase that doesn’t earn 5 percent cash back. That includes emergency card replacement or cash advances, medical assistance and referrals, and more. But that is only available on your monthly statement, online or mailed. But one major difference is that the Freedom Unlimited offers a 0% rate for purchases for 15 months before the regular 14.99% - 23.74% Variable APR starts. Check out some others below, along with some different kinds of rewards cards. So even though it’s technically a travel card, you can use the Discover it Miles like any other rewards card. You’d want to use the HSBC Cash Rewards during the first year for the first $10,000 in purchases, and then the Discover it Cash Back card afterward, which earns 2% back on non-category purchases in that first year. The HSBC Cash Rewards Mastercard® credit card provides an easy way to earn some rewards no matter what you’re buying. HSBC Cash Rewards Mastercard credit card review. This offer is no longer available on our site. Keep reading to see if it’s right for you. This isn’t a huge difference, however, because the score is updated monthly in both cases. There are no caps and your cash back doesn’t expire. Reasonable efforts are made to maintain accurate information, though all credit card information is presented without warranty. You can earn up to $200 in travel rewards, plus get the first year annual fee rebated with a new HSBC Mastercard. But the Discover it Miles provides 1 cent per mile no matter how you redeem. And being in good standing refers to not being over the credit limit or delinquent on payments. Unlike most travel credit cards, this card will provide the same value for your miles no matter how you redeem them. HSBC Cash Rewards Mastercard Bonus With this card, you’ll double your cash-back earnings, to 3% in cash back, on up to $10,000 in spending … That means you have to have some travel-related spending. Covers you, your spouse or domestic partner, and dependent children. What makes this card stand out from other cards with similar hassle-free rewards structures, though, is its 10-percent anniversary bonus that cardholders get every year that they renew their account. No foreign transaction fee. Being active here refers to having at least one transaction in the year that qualified for cash back rewards. Provides coverage against damage and theft for rented vehicles when you pay with the Cash Rewards Mastercard. Here’s what else you should know about the HSBC Cash Rewards Mastercard: 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). Advertising partners do not edit or endorse our editorial content. on HSBC’s secure website. For no annual fee, this is a simple but effective way to earn cash back everywhere. HSBC will check your Equifax or Experian credit report when you apply, possibly both. When you click on any ‘Apply Now’ button, the most up-to-date terms and conditions, rates, and fee information will be presented by the issuer. This offer applies to approved new HSBC +Rewards Mastercard accounts for which an application is received between January 18, 2021 and March 29, 2021. 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. There are two versions of the card. DISCLAIMER: All information posted to this site was accurate at the time of its initial publication. Content is not provided or commissioned by any credit card issuers. While the regular rewards-earnings rate is comparable to what you’ll find among similar no-annual-fee-cards, the HSBC Cash Rewards Mastercard offers superior value in your first year as a cardholder. There are a few other ways to redeem your cash back, but they require more work. 0% Introductory Period12 months (See rates and fees), Transfer Fee4% (or $10, whichever is greater) (See rates and fees), Introductory Purchase APR0% for 12 months (See rates and fees), Regular APR14.74-24.74% (variable) (See rates and fees), Other Notable Features: No foreign transaction fee; car rental insurance; airport concierge; travel assistance; travel medical assistance; legal referral services; roadside assistance; travel accident insurance; extended warranty; purchase protection; price protection; identity theft protection; mobile payments. Cash Rewards points can be redeemed as cash back. This one will be less useful on average, but it could still be quite valuable for some people. For best results, maximize your spending during the first year to capitalize on the 3% bonus cash rate, and take advantage of the 12-month, 0% APR promotion if your situation warrants. Content is not provided or commissioned by any credit card issuers. Use this card wherever you want because you’ll always get 1.5% cash back, no matter what you buy. Check your card terms to learn exactly how to redeem in these ways: You can see one of your FICO 8 Credit Scores for free with this card. There’s no foreign transaction fee. $312, APR14.74-24.74% (variable) (See rates and fees). This review covers the free version. The 1.5% cash back rate makes this a good card for a variety of spending, rather than particular bonus reward categories. Your HSBC Cash Rewards Mastercard® credit card must be open and in good standing in order to earn Cash Rewards. For example, if you earned $500, you’d get an extra $50 back – enough to treat yourself to a fancy dinner or some other luxury you wouldn’t have otherwise splurged on. Additionally, you also earn a 10 percent bonus on all the cash back you earn each year. Check out some similar card offers below. 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