Rewards Plan
Sign up Bonus
Credit Rating
0% Intro
Annual Fee
APR
- Introductory bonus
- cash back on all purchases
- Cap on Rewards
- High Balance Transfer Fee
Rewards Plan
Sign up Bonus
0% Intro
PROS
- Introductory bonus
- cash back on all purchases
CONS
- Cap on Rewards
- High Balance Transfer Fee
APR
12.99% - 22.99% Variable
Annual Fee
$0
Balance Transfer Fee
$10 or 4%
Credit Requirements
Good - Excellent
The HSBC Cash Rewards Mastercard® credit card is a straight forward cash back rewards card for those looking simplify their rewards. This Mastercard is offered though HSBC which a larger multinational bank based out of Britain.
This card has a generous Unlimited 1.5 percent cash back on all eligible purchases. Also, the card has no annual fee. New applicants can also get 3% intro cash back on all purchases in the first 12 months from account opening, up to the first $10,000 .
One of the top notch benefits is the 0% Introductory APR for 12 months on purchases and balance transfers . The ongoing APR for the HSBC Cash Rewards Mastercard is a 12.99% – 22.99% Variable.
- Introductory Bonus
- No Foreign Transaction Fee
- Travel Perks
- Cashback on Purchases
- No Annual Fee
- 0% APR Introductory Rate
- Purchasing Protection
- Balance Transfer Fee
- Cap on Sign up Bonus
- Redemption Minimum
In This Review..
Benefits
Let’s take a look at the benefits of the HSBC Cash Rewards card and see if it’s the right one for your wallet or not.
- Introductory Bonus
New cardholders will enjoy 3% intro cash back on all purchases in the first 12 months from account opening, up to the first $10,000 .
- No Foreign Transaction Fee
The HSBC Cash Rewards Mastercard does not have a foreign transaction fee.
This is unusual for a non travel rewards card. This is a great perk because you can earn cash back on your travels.
- Travel Perks
HSBC Cash Rewards Mastercard gives card holders access to MasterAssist, a service through Mastercard.
MasterAssist helps card holders with travel planning, roadside assistance, lost luggage and even up to $1 million ins travel accident insurance.
- Cashback on Purchases
HSBC Cash Rewards Mastercard Offers Unlimited 1.5 percent cash back on all eligible purchases.
- No Annual Fee
HSBC Cash Rewards Mastercard does not have an annual fee. You can start putting cash back in your pocket immediately.
- 0% APR Introductory Rate
If you are looking to save money on interest, the HSBC Cash Rewards Mastercard offers a 0% introductory rate for 12 months on purchases and balance transfers .
If you have a credit card that you are trying to pay down, it may be a good option.
- Purchasing Protection
HSBC Cash Rewards Mastercard offers extended warranties extended returns protection, identity theft protection and security chips to make sure cardholders are protected when using the card.
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Drawbacks
Here are the most important cons you should consider before applying to the Bank of HSBC Cash Rewards card:
- Balance Transfer Fee
There is a $10 or 4% balance transfer fee required if you want to take advantage of the introductory 0% APR rate.
- Cap on Sign up Bonus
You'll get 3% intro cash back on all purchases in the first 12 months from account opening, up to the first $10,000 . If you were planning to run up the card for the intro cashback you may and to look at other cards once you hit the limit.
- Redemption Minimum
HSBC Cash Rewards Mastercard holders will need to hit a minimum of $25 of cash back in order to revive the funds.
How To Apply For HSBC Cash Rewards Mastercard Card?
- 1.
Visit the HSBC Cash Rewards MasterCard homepage and then click “Apply now.”
- 2.
Next, fill in your first, middle, and last names, date of birth, email address, and social security number.
- 3.
Next click on the Electronic Communications Disclosure download link to read its details.
- 4.
Next, tick the box to indicate that you have read through and then click “Continue.”
Is the HSBC Cash Rewards Card Right for You?
The HSBC Cash Rewards Mastercard is a great option for consumers who plan to spend a lot in their first year. It's perfect for those looking for a simple, straightforward cashback card without the hassle of rotating categories. If you prefer earning cash back on every purchase, this card offers a reliable and easy-to-understand rewards structure.
This card is excellent for travel, as it doesn't charge foreign transaction fees and allows cardholders to earn cash back on their purchases while abroad. However, if you're looking to take advantage of a 0% intro APR, you may want to consider other cards that offer a longer promotional period with lower balance transfer fees.
Compare The Alternatives
There are more cash back cards – here are some good alternatives to the HSBC Cash Rewards card:
|  |
| |
|---|---|---|---|
American Express EveryDay® Card | Chase Freedom Flex℠ Card | Citi® Double Cash Card | |
Annual Fee | $0
. See Fees & Rates
| $0
| $0
|
Rewards |
1X – 2X
2X points at U.S. supermarkets (up to $6,000 per year, then 1X), 2X points on prepaid rental cars booked through American Express Travel and 1X points on all other purchases
|
1-5%
|
1% – 2%
2% cash back rewards rate – 1% every time you swipe and another 1% upon payment.
|
Welcome bonus |
10,000 points
10,000 points after you spend $2,000 in purchases on your new card within the first 6 months
|
$200
|
$200
$200 cash back after spending $1,500 on purchases in the first 6 months
|
Foreign Transaction Fee | 2.7%
| 3%
| 3%
|
Purchase APR | 17.74% – 28.74% Variable
| 19.99% – 28.74% variable
| 18.74% – 28.74% (Variable)
|
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