3% Cash Back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%). HSBC Cash Rewards Mastercard® credit card Review This card comes with a nice intro earning opportunity of 3% on purchases up to $10,000 spent in your first year. This offer is no longer available on our site. Advertiser relationships do not affect card ratings or our Best Card Picks. Disadvantages. Plus, a week after ever cardholder anniversary, you’ll get a 10% bonus on all of your cash rewards earned throughout the prior year. By providing my email address, I agree to CreditCards.com’s Provides coverage against damage and theft for rented vehicles when you pay with the Cash Rewards Mastercard. However, Credit Card Insider does not make any guarantees about the accuracy or completeness of the information provided. Earn unlimited 1.5% cash back on all purchases. Check out some similar card offers below. Some offers mentioned on this page may be outdated. The HSBC Cash Rewards Mastercard® credit card is a good option if you’re looking to dip your toe into the cash back world with a solid card that can earn you rewards on your everyday spending — particularly if you already have a banking relationship with HSBC Bank. So overall the HSBC Cash Rewards might have a slight edge over it in the long term, with its 10% bonus and FICO Score 8 access. But it doesn’t have many extra features. You’ll also find some basic protections available, for shopping and traveling. Unlike most travel credit cards, this card will provide the same value for your miles no matter how you redeem them. But the Discover it Miles provides 1 cent per mile no matter how you redeem. 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. The HSBC Cash Rewards Mastercard doesn’t get as much attention as better-known competitors, such as the Capital One Quicksilver Cash Rewards Credit Card or Chase Freedom Unlimited. 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. To earn cash back, pay at least the minimum due on time. It’s based on your Experian credit report. DISCLAIMER: All information posted to this site was accurate at the time of its initial publication. Other cashback credit cards offer enticing cash bonuses to new cardmembers, which can be a tempting carrot when you’re comparing cards. Provides $1,000,000 in coverage when traveling by common carrier, against accidental loss of life, limb, speech, sight, or hearing. Other factors, such as our own proprietary website rules and the likelihood of applicants' credit approval also impact how and where products appear on this site. Avoid a foreign transaction fee by using this card any time you want to buy something from a foreign country using a credit card. We will issue a one-time rebate equal to the annual fee charged to your HSBC +Rewards Mastercard … And Discover Match will double that to 3 miles in the first year, or 3% back. After that, the variable APR will be 13.99% – 23.99%, based on your creditworthiness. You want to earn an extra 10 percent back each year. The HSBC Cash Rewards Mastercard® credit card lets you earn 1.5 percent cash back on every purchase. But it does make it easy to earn more than the 1% back on non-category purchases you’ll get with most reward cards, and the 3% introductory reward rate makes this card even more valuable. Paylaşın. And Discover offers everyone, cardholder or not, the ability to check their FICO Score 8 online. However, all credit card information is presented without warranty. Collect points with HSBC Mastercards, and you can redeem them for travel, experiences, gift cards, merchandise, HSBC financial products, and more. After that, it earns 1.5% back on everything. It doesn’t have the most rewarding bonus categories. This card is rated for good credit. Keep tabs on one of your FICO 8 Credit Scores by checking it on your monthly statement. The HSBC Cash Rewards Mastercard offers lucrative cash-back rewards that are competitive with other rewards cards. There are a few other good general-use rewards cards with slightly different terms and features. However, your score will only be reported on your monthly statement, either digital or mailed. If you find an item you bought being advertised for a lesser price, you could be reimbursed for the price difference. Earn 1.5% cash back on all purchases. The Blue Cash Everyday has superior benefits compared to the HSBC card. The standard variable APR for Citi Flex Plan is 13.99% – 23.99% based on your creditworthiness. But that is only available on your monthly statement, online or mailed. Earn 20% back on purchases at Amazon.com on the Card in the first 6 months, up to $200 back. The HSBC Cash Rewards Mastercard® is a jack-of-all-trades card. While there are other cards that earn more cash back on … Content is accurate to the best of our knowledge when it's published. That may not sound like much, but it can really add up. Cash Rewards do not apply to account upgrades, account transfers, balance transfers, credit card checks, cash advances or overdrafts. However, many of the leading cash back cards from major banks charge foreign transaction fees as high as 3 percent. Check out our picks for the Best 0% Intro APR Cards. Contact us here. Just click the Apply Now button to apply for this card. 3% cash back on all purchases in first 12 months of account opening (up to $10,000 in purchases), Average Yearly Rewards Value ($1,325 monthly spend) So you’ll need to have a decent credit history and financial situation to improve your odds of being approved. 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. Covers you, your spouse or domestic partner, and dependent children. 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. There are a few other ways to redeem your cash back, but they require more work. Those features together make this a pretty good card for traveling outside the U.S. That’s not true for some other general-use rewards cards, like the Citi Double Cash or Chase Freedom Unlimited. The HSBC Mastercard also stands out from other cash back cards by waiving foreign transaction fees, allowing you to travel with your card without worrying about whether you’ll incur extra fees abroad. Then use the Mastercard Pay with Rewards app or website to use your points towards purchases – online or in stores. Check the data at the top of this page and the bank’s website for the most current information. HSBC will check your Equifax or Experian credit report when you apply, possibly both. The HSBC Cash Rewards Mastercard® credit card is currently offering an introductory 3% cash back on all purchases in the first 12 months from account opening, up to the first $10,000 in purchases. Do you have a correction, tip, or suggestion for a new post? Looking for other cards with long intro APR periods? Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. Collect reward points by shopping with your card. There’s no extra charge and it will be accepted pretty much everywhere. But for the first year, you’ll earn at a 3% cash back rate for up to $10,000 in purchases thanks to the card’s current introductory bonus. Other than that, the Citi card also offers a few benefits that are a cut above the basics you get with the HSBC card. If you tend to carry a balance, the HSBC +Rewards ™ Mastercard ® could save you hundreds in interest payments – all while earning you a steady stream of rewards on all your purchases.. You’ll get a low 11.9% rate on purchases, balance transfers, AND cash advances.Since the standard credit card interest rate in Canada is around 19.99%, this could save you more than 8% on interest payments. It is not the bank advertisers' responsibility to ensure all posts are accurate and/or questions are answered. So you can redeem your miles for statement credits for their full value, just like any cash back rewards card. They require you to make certain kinds of purchases at certain times, for instance, or book travel through certain services. The icing on the cake? The Citi® Double Cash Card – 18 month BT offer (Review) is a general-use rewards card for no annual fee. Just swipe, and automatically get 1.5% cash back on all your purchases. Reasonable efforts are made Low intro APR: 0% for 15 months on purchases from the date of account opening, then a variable rate, 13.99% to 23.99%. Keep an eye on your inbox—we’ll be sending over your first message soon. American Express is a Credit Card Insider advertiser. ADVERTISER DISCLOSURE CreditCards.com is an independent, advertising-supported comparison service. Here are the details on HSBC's latest offers. This benefit will double the item’s warranty, up to a maximum of 12 additional months. Travel Accident Insurance $1,000,000 Travel Accident Insurance As a handy reference guide, please read this and keep it in a safe place with your other insurance documents. To confirm offers and credit card details, check the issuer’s website. Check out some others below, along with some different kinds of rewards cards. By providing my email address, I agree to CreditCards.com’s Your HSBC Cash Rewards Mastercard® credit card must be open and in good standing in order to earn Cash Rewards. Credit Card Insider and CardRatings may receive a commission from card issuers. HSBC Cash Rewards; Benefits. That makes the cash back rate to be 1.65% on everything. You could use the Discover it Cash Back together with the HSBC Cash Rewards to earn a fair amount of cash back for every purchase. A list of these issuers can be found on our Editorial Guidelines. Ordinarily, it provides 1.5% cash back for every purchase. With the Discover it Cash Back you’ll need to think about which purchases you’ll currently get 5% cash back for at any given time. 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. You want a lower interest rate than what’s typically available on cash back cards. It’s better than the 1.65% equivalent you’ll get with the HSBC card, after the 10% bonus. You want a low maintenance cash back card that earns the same rate on every purchase. Travel purchased through Chase Ultimate Rewards, $200 bonus for spending $500 in the first 3 months. The HSBC +Rewards Mastercard offers a standard low-interest rate of 11.9% on purchases, balance transfers and cash advances. This makes it good to pair with a. Here we take a deep dive into the HSBC Rewards program and show you how to maximize the return on your spending. 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). Get essential reads every week with our newsletter. on HSBC’s secure website. Responses have not been reviewed, approved or otherwise endorsed by bank advertisers. But it also has a 0% introductory APR offer for 18 months on Balance Transfers, before the regular rate of 13.99% – 23.99% (Variable) begins. The HSBC Cash Rewards Mastercard offers a long introductory period for balance transfers and new purchases, but its balance transfer fee is on the high side. You’ll have a few different options for redeeming your cash back. HSBC Cash Rewards Mastercard® Credit Card. There are no caps and your cash back doesn’t expire. J. D. Power 2020 customer satisfaction rating, Google Play Store mobile app rating: 2.5/5, 10% bonus on cash rewards earned each year, Redeem earnings for a statement credit, a deposit into an HSBC account, travel and experiences, gift cards, merchandise or charity, You can’t transfer your cash to other programs. The HSBC Cash Rewards Mastercard® credit card earns 3% back on all purchases in your first year up to $10,000 spent. This offer is no longer available on our site. The offers that appear on this site are from companies from which CreditCards.com receives compensation. The information about the HSBC Cash Rewards Mastercard credit card has been collected independently by CreditCards.com. Learn more about our advertising policy. The offers that appear on this site are from companies from which CreditCards.com receives compensation. Leave your own review of the Cash Rewards Mastercard, we’d love to hear from you! But cardholders who snap up this under-the-radar gem will find that it delivers quite a bit more value than the typical cash back card. 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. It has no annual fee, and provides: The extra terms and benefits are about the same for both cards. You’ll only get 12 months with the HSBC card. The sign-up bonus is just so so. This card has an annual fee of $95 (Rates & Fees), but for that price you’ll get: The Blue Cash Preferred would also work well along with the HSBC card. When you add that to the rewards you earn, it means you’ll effectively be getting 1.65% cash back on your purchases. You won’t get the most valuable extra benefits, but for no annual fee this card is cheap and easy to use. The HSBC Cash Rewards Mastercard is one of a few rewards cards that are good for general spending. This applies to eligible items you buy with your HSBC card that have a manufacturer’s warranty of 12 months or less. It also offers advanced security measures such as Mastercard ID Theft Protection, contactless payments, and customer service available by phone or online messaging. But keep up on your payments every month or you’ll lose that intro rate. 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. Meanwhile, the HSBC card’s highest APR maxes out at 24.74 percent (variable), which is high, but better than what many competitors charge. Those include Fraud Protection, an assurance that you won’t be held responsible for unauthorized charges on your account. This card is more rewarding for certain types of purchases, as you can see. This applies to print and online advertisements. 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. Credit Card Insider receives compensation from advertisers whose products may be mentioned on this page. There are two versions of the card. It also offers HSBC Rewards points on your everyday spending. If this is your only card, use it for all or most of your purchases in order to maximize your cash back. HSBC Cash Rewards Mastercard® credit card Program Rules Rewards Brochure 10/2020. 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. But if you do want to explore other options, you can also redeem in the following ways. Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. Balance Transfer Offer: 0% intro APR on Balance Transfers for 18 months. There’s no foreign transaction fee. Many other cards will let you check your score online for free whenever you’d like. This card can be cheap to use, with no annual fee or foreign transaction fee. Your miles will be worth 1 cent each with this card, so you’ll be earning the equivalent of 1.5% cash back with this card. You might be wondering what a travel card is doing on this list of alternatives. Get a 15% discount on Airport Meet and Greet services. About the HSBC Premier credit card. Or, if you don’t mind taking the time to strategize and maximize your purchases, you could really turbocharge your earnings by pairing this card with a card that offers higher returns on certain purchases. We gave this card 4 out of 5 Stars because it’s a simple and inexpensive card to use. 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. Acrescente a taxa de juros de 0% nas compras nos primeiros 12 meses e você poderá extrair muito valor desse cartão, especialmente no primeiro ano. Your personal information and data are protected with 256-bit encryption. If you're a heavy spender or frequent traveler, there are … That anniversary bonus is available as long as your account is active and in good standing. 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. If you apply for a credit card, the lender may use a different credit score when considering your application for credit. Content is not provided or commissioned by any credit card issuers. Each year you hit your account anniversary, you’ll get a 10-percent bonus on all the cash you earned that year. Credit Card Insider is an independent, advertising supported website. If you like everything about the Discover it Cash Back except for the particular reward categories it offers, there are a couple other cards you might prefer. Use this card wherever you want because you’ll always get 1.5% cash back, no matter what you buy. Plan It® gives the option to select purchases of $100 or more to split up into monthly payments with a fixed fee. General. For no annual fee, this is a simple but effective way to earn cash back everywhere. So even though it’s technically a travel card, you can use the Discover it Miles like any other rewards card. That’s especially true if you don’t want to deal with the hassle of figuring out which card to use for which bonus reward category. This service is not available outside the U.S. 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. On top of this card’s rewards system, there’s a 0% intro purchase and balance transfer APR for 12 months, which is solid for a rewards card. HSBC Cash Rewards Mastercard® But the Discover it® Miles (Review) is a surprisingly good card offer that isn’t limited to travelers and travel expenses. And you’d better like bonuses because HSBC Cash Rewards has a few. A cash back card with a flat rewards rate, by contrast, is more reliable. Our reviews and best card recommendations are based on an objective rating process and are not driven by advertising dollars. You can access this service online at any time, whether you’re a cardholder or not. This review covers the free version. There are also some account management features. Citi is a Credit Card Insider advertiser. You won’t be able to check in on any of your FICO scores with the Chase Unlimited card, however. Another is Entertainment Access, which provides exclusive offers for live events in big cities. It’s based on your Experian credit report, just like the HSBC card. Just be sure to report any unauthorized activity as soon as you notice it. Review: HSBC Cash Rewards Credit Card. Discover will double the total amount of rewards you earn in your first year, which is a great offer. So, stick with statement credits or direct deposits to get your cash back. The HSBC Gold Mastercard® credit card is highlighted by a late fee waiver once every 12 months. 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