It has a £575 fee, refunded pro-rata if you cancel. With the launch of the HSBC World Elite MasterCard in 2018, HSBC can now be considered a major player in … However, there’s more to the HSBC Gold Mastercard than meets the eye. How do BA American Express companion vouchers work? 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. (Want to earn more miles and points from credit cards? Consider signing up for the HSBC+ Rewards Mastercard since it’s a low interest card with a point rewards system. The annual fee is $0. It has no rewards, and the benefits are very basic. If you’re interested on using a card with a low interest rate while also earning flexible rewards, you should look into the HSBC+ Rewards Mastercard. Read the review below to … The HSBC +Rewards TM MasterCard ® offers 20,000 Points ($100 travel value) PLUS a full annual fee rebate for the Primary Cardholder for the first year ($25 value). Bankrate.com does not include the entire universe of available financial or credit offers. Earn 30,000 Points ($150 travel value), plus get a full annual fee rebate for the Primary Cardholder for the first year ($25 value). HSBC World Elite Mastercard: 20,000 bonus points after the first purchase * 20,000 bonus points after the first purchase * Additional 80,000 bonus points after spending $5,000 in the first 6 months * Annual fee rebate for the first year: HSBC +Rewards Mastercard: No bonus offer * 20,000 bonus points after spending $2,000 in the first 6 months The HSBC Cash Rewards Mastercard® credit card earns 3% back on all purchases in your first year up to $10,000 spent. You can transfer your HSBC Premier points into the following airline schemes: The geographic base of these airlines is, perhaps not surprisingly, a good fit with HSBC’s main business focus these days. You don’t mention the HSBC travel insurance (which is as good as Amex Platinum) or warranty insurance. The HSBC Cash Rewards Credit Card is a cash back credit card that does not charge an annual fee. The HSBC Cash Rewards Mastercard® credit card is a solid no-annual-fee credit card that earns 1.5% cash back on all purchases. For every eligible purchase, you’ll earn “cash rewards” points you can redeem for cash back or other rewards. Still, there’s plenty to like about this jack-of-all-trades Mastercard, making it a potential contender for a permanent place in your wallet. The HSBC Cash Rewards Mastercard® credit card is a solid no-annual-fee credit card that earns 1.5% cash back on all purchases. Welcome Bonus: Earn 30,000 Points ($150 travel value) PLUS a full annual fee rebate for the Primary Cardholder for the first year ($25 value). Continue reading my HSBC World Elite Mastercard review and find out why it may be the most underrated travel credit card in Canada. HSBC has new offers for their Mastercards. There are two versions of the card. As well as Avios, these convert to 20,000 KrisFlyer, Asia Miles or Etihad Guest miles, amongst other airlines. The offers that appear on this site are from companies from which Bankrate.com receives compensation. I opened an "interest free credit card" with these bullies on 02/02/2017. As the HSBC Premier Mastercard adds a 3% foreign exchange fee, you might want to get a separate free credit card to use abroad. Just for information – I have the HSBC Premier CC from Hong Kong. I cannot find this list of airlines anywhere on the general HSBC website. This compensation may impact how, where and in what order products appear. Here, it’s all about finding the card that best fits the situation. There is no annual fee. See here and scroll down for the criteria. The HSBC Cash Rewards Mastercard® credit card earns 3% back on all purchases in your first year up to $10,000 spent. The information, including card rates and fees, is accurate as of the publish date. A FICO score/credit score is used to represent the creditworthiness of a Frankly unless you value the hotel scheme upgrades on Amex Platinum, the HSBC card is significantly better value. I believe that it indicates (on the website) that they will consider circumstances like yours. 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. The Major Benefits. 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 during the first 12 months. However, beware of some downsides. The HSBC World Elite® Mastercard® is an elite travel rewards credit card for established customers, avid travelers, and consumers with higher monthly spending. We’re the UK’s leading source of business travel, Avios, frequent flyer and hotel loyalty news. What are the most valuable credit card sign-up bonuses? There is also no fee for the HSBC Premier bank account, as long as you meet the eligibility criteria above. person and may be one indicator to the credit type you are eligible for. This card offer is currently unavailable on Bankrate. It is part of our series of articles looking at the major UK loyalty credit cards and discussing whether or not they are worth applying for. You need to have an HSBC Advance Bank Account (or have paid a total of £1750 a month into an HSBC UK Bank or Premier Account over the last 6 months). spending in the UK counts. At 0.5 Avios point per £1 spent, the HSBC Premier Mastercard is the best way to earn Avios via a free Visa or Mastercard. This might not seem like much of a difference, but it quickly can add up to quite a bit on larger balances. If the pound keeps rising as I predict I’ll even make a profit on the exchange rate by the time it comes to pay it off. Editorial Disclosure: Opinions expressed here are the author’s alone, and have not been reviewed or approved by any advertiser. HSBC Cash Rewards Mastercard Review: A Roaring Cash Rewards Program Apply Now On the HSBC Secure Website CREDIT SCORE REQUIREMENTS: Credit Score requirements are based on Money Under 30… These perks make this credit card an excellent rewards card. Your email address will not be published. And you’d better like bonuses because HSBC Cash Rewards has a few. financial product. Plus this HSBC MasterCard has an easy bonus sign-up bonus. While it has a decent welcome offer and solid cash back earnings paired with an introductory 12 months of 0 percent APR on balance transfers and purchases (13.99 percent to 23.99 percent variable APR thereafter), there are other cards that offer better options across each of these categories. Summary. The information about the HSBC Cash Rewards Credit Card has been collected independently by Bankrate.com. HSBC Rewards credit card terms and conditions View the HSBC Premier World Mastercard® credit card Cardmember Agreement open in new tab. Must apply by December … Our luxury hotel booking service offers you GUARANTEED extra benefits over booking direct. Salary is £70k (plus bonus) and can show the trajectory if needed. But cardholders who snap up this under-the-radar gem will find that it delivers quite a bit more value … For more credit cards, see our latest list of other HSBC … And the no foreign transaction fee is a great benefit for the occasional travelers. After that, it earns 1.5% back on everything. HSBC Cash Rewards Mastercard® credit card review Bankrate Staff December 10, 2020 in Cash Back How we rate our cards | Advertiser Disclosure Bankrate.com is … If you’re not happy with HSBC Red Mastercard Catalogue and its features, you can explore these credit cards that offer up to 10x rewards points when you spend. Is Hilton Honors the best hotel loyalty scheme? To take advantage of this rate, balance transfers must be posted within the first 60 days of account opening. Does anyone know what the definition of “your partner” is – do you have to be married, or is living together acceptable? The card details have not been reviewed or approved by the card issuer. This website uses cookies to improve your experience while you navigate through the website. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within listing categories. The HSBC Cash Rewards Mastercard® is a jack-of-all-trades card. Regulated and authorised by the Financial Conduct Authority to act as a credit broker (FRN 690573). The definition of this is not clear. Give it a peek to see what your future rewards will be. If your identity or card is compromised, you get access to one-on-one support until your claim has been resolved. Note the lack of any US airline partners. The HSBC Cash Rewards Mastercard is one of a few rewards cards that are good for general spending. What is the best Virgin Atlantic credit card? There is also a more generous, premium version called the HSBC Premier World Elite Mastercard which I review here. Other redemption options are also available, however, including airfare, hotel bookings and car rentals, along with gift cards and merchandise, all of which are accessible through HSBC’s online rewards portal. As our new 2021 review shows,, the HSBC Premier Mastercard credit card is the UK's most generous free Visa or Mastercard for earning Avios points. 20,000 points sign-up bonus and 15 elite night credits Read our full review. Bankrate, LLC NMLS ID# 1427381 | NMLS Consumer Access The thing is for a family of four, I think that’s were the benefits of the Platinum, with the additional PP comes in – allowing 4 to get into a lounge – including arguably better ones (Centurion Lounges in the US/HK & Plaza Premium which has big presence in the premium business heavy airport hubs). After that, it earns 1.5% back on everything. You can earn 20,000 Points ($100 travel value) PLUS a full annual fee rebate for the Primary Cardholder for the first year ($25 value). 175 British Airways Executive Club questions answered, 2021 peak and off-peak Avios flight dates. But it also has no annual fee, and is very forgiving when it comes to the other terms. Which certificate of deposit account is best? If you’re looking to pair the HSBC Cash Rewards Mastercard with another credit offering, consider a travel rewards card that offers bonus multipliers for spending on airfare or dining or a card that offers a bigger cash back bonus upfront. Not only that this cards comes with a low annual fee and benefits exclusive for cardholders. Learn more on our About page. To see more cards in this category, please visit our The American Express Platinum charge card offers 30,000 Membership Rewards points for signing up. You get 3% cash back on all purchases in the first 12 months, up to the first $10,000. All Rights Reserved. Along with a solid welcome offer and steady cash back, this card also offers other benefits. As the lounge access was a significant component of the HSBC WE, they must have saved a fair bit over the last 12 months on this. UK airline and hotel credit card reviews can be found here, click here to get your free Experian Credit Score, HSBC Premier World Elite Mastercard which I review here, The HfP chat thread – Sunday 24th January, How a reader got a £712 hotel stay for £25 with the Amex Platinum £400 offer. This review covers the free version. The HSBC Advance Mastercard credit card is a rewards credit card. The annual fee is $0. Your email address will not be published. The HSBC Cash Rewards Mastercard has the typical fees you’d find among similar cards, and a lack of foreign transaction fees makes the card a good choice for travel abroad. Dropped down to premier over a year ago. The second is that the card can only be obtained if you have a HSBC Premier bank account. HSBC Premier has tough eligibility criteria. I have had my annual fee refunded on that basis- lack of travel, inability to use lounges which is an important benefit of the card. This offer applies to approved new HSBC +Rewards Mastercard accounts for which an application is received between January 18, 2021 and March 29, 2021. The HSBC +Rewards ™ Mastercard ® combines low interest rates with rewards, all packaged together for a low annual fee of $25.With this card, you’ll save around 8% off the standard credit card interest rate, while earning 2 points per $1 spent on eligible dining and entertainment purchases.. To top it off, you’ll get 1 point per $1 spent on everything else, plus some … All products or services are presented without warranty. The HSBC Cash Rewards Mastercard® Credit Card is a no-frills cash back credit card built for everyday spending. The HSBC Gold Mastercard® Credit Card is a pretty simple card, with one main attraction: it offers a 0% intro APR period for 18 months before the regular 12.99–20.99% Variable APR applies.. Other than that, there isn’t much else to this card. That works out to paying 2p extra per £ to get 6 Avios per £!. The HSBC Cash Rewards Mastercard offers lucrative cash-back rewards that are competitive with other rewards cards. Last updated: Jan 18, 2021. HSBC Gold Mastercard® Review: A Long 0% APR Promo and Fee Waivers by: Lindsay VanSomeren | Nov. 18, 2020 The Ascent is reader-supported: we may earn a commission from offers … Has your smartphone been stolen or damaged? Claire Horwood. One option is to get a free Curve Card – see this HfP article – and link it to a miles-earning Visa or Mastercard. When it comes to redeeming points for other rewards, meanwhile, the value is less consistent. The HSBC Premier rewards scheme gives 1 point for every £1 spent in the UK and 2 points for every £1 spent abroad. I’m not sure if the eligibility criteria is limited to only investments. You’ll get access to a ton of shopping and travel discounts, including 10 percent off rental homes with onefinestay, a complimentary ShopRunner membership, discounted access to Priceless Golf courses and more. Check out some others below, along with some different kinds of rewards cards. Required fields are marked *. These cookies will be stored in your browser only with your consent. Then use the Mastercard Pay with Rewards app or website to use your points towards purchases – online or in stores. I personally rank HSBC Rewards above BMO Rewards and TD Rewards in my ranking of Canada’s best credit card travel rewards. ©2021 Head for Points. These Mastercard services provide access to luxury amenities and upgrades at popular travel destinations worldwide. 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. The cash rewards earnings structure is simple. The HSBC Premier Mastercard is issued by HSBC. Nothing here should be construed as financial advice, and it is your own responsibility to ensure that any product is right for your circumstances. Learn whether the HSBC Mastercard is right for you. You can earn unlimited rewards no matter where you use your card, with no foreign transaction fees. Each point is worth 0.5 airline miles. The ability to transfer to Etihad, Asia Miles and KrisFlyer as a back-up adds extra value. The HSBC Gold Mastercard is your run-of-the-mill credit card with limited rewards and an equitable 18-month intro APR. Choose something else if you want to earn loyalty rewards or travel perks. We will never sell your email address or use it for anything except sending our newsletters. Review: HSBC Cash Rewards Credit Card 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. This is our review of the HSBC Premier World Elite Mastercard credit card. After that, you’ll enjoy everyday … Click on the PDF brochure under the bit where I list all the air miles partners. Is Marriott Bonvoy the best hotel loyalty scheme? This category only includes cookies that ensures basic functionalities and security features of the website. HSBC Cash Rewards Mastercard® Credit Card. You can earn up to $200 in travel rewards, plus get the first year annual fee rebated with a new HSBC Mastercard. Afterward, you’ll earn 1.5 cash rewards points per dollar, or 1.5 percent cash back. But it’s not all bad news—cardholders also enjoy a 0 percent intro balance transfer APR for the first 12 months (13.99 percent to 23.99 percent variable APR thereafter), making this card a great choice if you’re looking to move credit card debt from another, higher interest account. Passive income ideas to help you make money, Best age for Social Security retirement benefits, Capital One Quicksilver Cash Rewards Credit Card, Privacy policy / California privacy policy, 0% intro on balance transfers for 18 months (13.99 percent to 23.99 percent variable APR  thereafter), 1% cash back on purchases and another 1% cash back as you pay for them, 0% intro on purchases for the first 15 months (15.49 percent to 25.49 percent variable APR  thereafter), $200 cash back when you spend $500 in the first three months, Above-average cash back earning for the first 12 months, Multiple benefits, including intro purchase and balance transfer APR, Other cards offer better individual welcome offers and reward rates. The Marriott Bonvoy American Express credit card offers 20,000 Marriott Bonvoy points for signing up. While the 2 percent flat rate is lower than HSBC’s intro 3 percent offer, the big benefit here is that there’s no limit on how much you can earn each year, and the offer never expires. The Capital One Quicksilver Cash Rewards Credit Card, meanwhile, offers 1.5 percent unlimited cash back on all purchases, plus $200 cash back after you spend $500 in the first three months—all with no annual fee. Admittedly you need to pay for the kids on entry. Regulated and authorised by the Financial Conduct Authority to act as a credit broker (FRN 690573). You'll earn 2X points for every $1 spent on eligible dining or entertainment purchases Earn 1X point for every $1 on all other everyday purchases Conditions Apply. In general, did the airlines get any flexibility re re-routing obligations? Want to double your cash back for the first year? I took out a simple life insurance product to aid my qualification during application but I don’t think it was checked . cash back category page. The HSBC Cash Rewards card has no annual fee and allows you to earn unlimited 1.5% cash rewards on every purchase, along with a bonus of an additional 10% of your annual rewards on … 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. (I have this card and was completely unaware of the Expedia stuff). We also use third-party cookies that help us analyze and understand how you use this website. Click here to visit our dedicated airline and hotel travel credit cards page or use the ‘Credit Card Offers’ link in the menu bar at the top of the page. Is IHG Rewards Club the best hotel loyalty scheme? Necessary cookies are absolutely essential for the website to function properly. That said, I typically work off a conservative 0.75p per point – this ensures that I never make a bad decision when deciding whether to take part in a promotion or not. My default comparison card is the John Lewis / Waitrose Mastercard which is free for life and offers 0.25% cashback in vouchers. BR Tech Services, Inc. NMLS ID #1743443 | NMLS Consumer Access. Another BA cancellation story . If you believe that you can get 1p or more from your Avios points then HSBC points are worth 0.5p each, so a 0.5% return on your spending. Must apply by December 28, 2020. Our other UK airline and hotel credit card reviews can be found here. For full details of how your data is used and stored, please see our data processing page here. Anyone have recent experience whether HSBC may flex on the income requirement? Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. A cash ISA does not seem to count but an equity ISA – where you can invest as little as £50 per month – seems to be OK given reader feedback. You also have the option to opt-out of these cookies. As well as opening a HSBC Premier current account, you must ALSO have £50,000 invested with HSBC, either in a savings account or via an investment product. You can block cookies via your browser settings. . Earlier this month I was approved for the Premier account & then World Elite Credit card, my only connection to HSBC is my company’s business current account was moved to them in 2020. HSBC +Rewards™ Mastercard® review. You can get 3% cash back on every transaction and save up to … For the first year, the card earns three points per dollar on dining and eligible entertainment purchases and two points per dollar on all other purchases, on up to the first $25,000 in … Other options to HSBC Red Mastercard. Conditions Apply. The first is that the airline rewards programme – whilst generous – is a sideshow to the rest of the card. Review: HSBC Cash Rewards Credit Card 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 … It is part of our series of articles looking at the major UK loyalty credit cards and discussing whether or not they are worth applying for. A Red Ventures company. These articles are linked to the relevant sections of the ‘Credit Card Offers‘ area in the menu bar. Welcome! It also offers advanced security measures such as Mastercard ID Theft Protection, contactless payments, and customer service available by phone or online messaging. Each point is worth 0.5 airline miles. You’ll also need to pay the greater of a $10 or 4 percent balance transfer fee. This is how the HSBC +Rewards™ Mastercard® stacked up against the BMO Preferred Rate Mastercard.Both cards have about the same annual fee, with the BMO Preferred Rate saving you a bit on that, however, it is no secret here that the HSBC +Rewards™ Mastercard® has a … For an average spender, the HSBC Premier Mastercard offers twice the value. For best results, maximize … By recommending credit cards on this site, I am – technically – acting as a credit broker. In practice, this means eligible spending in your first year will earn you three cash rewards points per dollar, which you can redeem at a rate of 3 percent cash back. The card earns users up to 6 points per $1 … Links on Head for Points may pay us an affiliate commission. For example, rewards points redeemed for cash back are worth 1 cent per point. Here are the details on HSBC… The card currently has no sign-up bonus. The HSBC Premier rewards scheme gives 1 point for every £1 spent in the UK and 2 points for every £1 spent abroad. You can apply for a Rewards Credit Card if you’re 18 or older, live in the UK and have an annual income of £6,800 or more (before tax). The HSBC Red Mastercard has its own exclusive rewards catalog [1] where you can browse the exact reward you want to redeem. HSBC Rewards program rules Please select the relevant Rewards Program Rules on this page to review key terms and details about your credit card rewards program. HSBC is a global banking giant serving clients all across the world, including in Canada. But the card … The HSBC Premier Mastercard is – in terms of miles earned – still the most generous free Visa or Mastercard currently available if you want to earn Avios. If you currently pay for a ‘packaged’ current account with another bank you may save money by moving across.