You can get 3% cash back on every transaction and save up to … The American Express Preferred Rewards Gold credit card offers 20,000 Membership Rewards points for signing up and is free for the first year. These include 0% interest on balance transfers for 18 months from account opening (1.4% fee) and 0% interest on purchases for 9 months from account opening. 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). 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 20,000 points sign-up bonus and 15 elite night credits Read our full review. Must apply by March 29, 2021. There is also a more generous, premium version called the HSBC … 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. 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. After that, it earns 1.5% back on everything. HSBC is a global banking giant serving clients all across the world, including in Canada. You can earn up to $200 in travel rewards, plus get the first year annual fee rebated with a new HSBC Mastercard. If your identity or card is compromised, you get access to one-on-one support until your claim has been resolved. Our luxury hotel booking service offers you GUARANTEED extra benefits over booking direct. Last updated: Jan 18, 2021. For more credit cards, see our latest list of other HSBC … As well as Avios, these convert to 30,000 KrisFlyer, Asia Miles or Etihad Guest miles. Continuing implies your consent to this policy. The information about the HSBC Cash Rewards Credit Card has been collected independently by Bankrate.com. The offers that appear on this site are from companies from which Bankrate.com receives compensation. After that, you’ll enjoy everyday … The information, including card rates and fees, is accurate as of the publish date. The HSBC Premier Mastercard is issued by HSBC. Which certificate of deposit account is best? Alternatively, if you earn over £75,000, you qualify if you just have a HSBC mortgage or any investment or insurance product. It is also the only Visa or Mastercard in the UK which allows you to earn Asia Miles or KrisFlyer miles. Must apply by December 28, 2020. It has a £75 fee, refunded pro-rata if you cancel. Editorial Disclosure: Opinions expressed here are the author’s alone, and have not been reviewed or approved by any advertiser. Disclaimer: Head for Points is a journalistic website. The HSBC Cash Rewards Mastercard® Credit Card is a no-frills cash back credit card built for everyday spending. A FICO score/credit score is used to represent the creditworthiness of a The penalty APR persists for at least six months. The HSBC Red Mastercard has its own exclusive rewards catalog [1] where you can browse the exact reward you want to redeem. Just for information – I have the HSBC Premier CC from Hong Kong. © 2021 Bankrate, LLC. 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). 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. All products or services are presented without warranty. Conditions Apply. I got great value from the HSBC card in a pre-pandemic world. Learn whether the HSBC Mastercard is right for you. HSBC has new offers for their Mastercards. The Marriott Bonvoy American Express credit card offers 20,000 Marriott Bonvoy points for signing up. The card details have not been reviewed or approved by the card issuer. 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. You can see it in this PDF brochure. But cardholders who snap up this under-the-radar gem will find that it delivers quite a bit more value … 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. The application form for the HSBC Premier Mastercard can be found here. 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. This review covers the free version. Consider this card if you’re looking for a simple way to build credit and pay for goods and services. Here, it’s all about finding the card that best fits the situation. If you select Cash Back as a direct deposit, only HSBC Bank USA, … Claire Horwood. Note: The issuer is no longer accepting new applications for this card. The HSBC Cash Rewards Mastercard® credit card earns 3% back on all purchases in your first year up to $10,000 spent. One option is to get a free Curve Card – see this HfP article – and link it to a miles-earning Visa or Mastercard. The definition of this is not clear. With the launch of the HSBC World Elite MasterCard in 2018, HSBC can now be considered a major player in bank loyalty programs. For an average spender, the HSBC Premier Mastercard offers twice the value. For every eligible purchase, you’ll earn “cash rewards” points you can redeem for cash back or other rewards. Bankrate, LLC NMLS ID# 1427381 | NMLS Consumer Access The HSBC Cash Rewards Mastercard® is a jack-of-all-trades card. While other options outpace it in specific circumstances, the HSBC cash rewards offering is a solid all-around choice that combines intro purchase and balance transfer APRs, no annual fee and reliable cash back. The HSBC Cash Rewards Mastercard® credit card earns 3% back on all purchases in your first year up to $10,000 spent. We will issue a one-time rebate equal to the annual fee charged to your HSBC +Rewards Mastercard account for the Primary Cardholder in the first year. The HSBC Premier Mastercard is issued by HSBC. Continue reading my HSBC World Elite Mastercard review and find out why it may be the most underrated travel credit card in Canada. 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. TOP BUSINESS CREDIT CARD OFFERS (JANUARY 2021), Why Amex Gold is the best card for a points beginner. 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. Each point is worth 0.5 airline miles. The HSBC World Elite Mastercard comes packed with travel benefits and HSBC Rewards is highly flexible which is why this card should be on your radar. The HSBC Premier rewards scheme gives 1 point for every £1 spent in the UK and 2 points for every £1 spent abroad. They are claiming that they are not liable because their flight was cancelled due to COVID-19 and this is out of their control. But it also has no annual fee, and is very forgiving when it comes to the other terms. The HSBC Cash Rewards Credit Card is a cash back credit card that does not charge an annual fee. The representative APR is 18.9% variable. In a post pandemic world though – my view is that the Amex Platinum’s value has eroded even more. 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 … Compared to some of the best cash back rewards cards and no annual fee offerings, the HSBC Cash Rewards Mastercard comes up short—but not by much. These articles are linked to the relevant sections of the ‘Credit Card Offers‘ area of the menu bar. Any recent experiences? And you’ll also earn 1.5% cash back on all purchases after that. person and may be one indicator to the credit type you are eligible for. This card offer is currently unavailable on Bankrate. There’s no way with the information they had access to for my application they could have known what my salary is. See here and scroll down for the criteria. HSBC Rewards credit card terms and conditions View the HSBC Premier World Mastercard® credit card Cardmember Agreement open in new tab. 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). There are very rare promotions offering bonus HSBC points – the last version, which offered 10,000 bonus points, ended in March 2019. 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 … Recommendations are based primarily on the ability to earn miles and points and do not consider interest rates, service levels or any impact on your credit history. 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. By recommending credit cards on this site, I am – technically – acting as a credit broker. 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. In general, did the airlines get any flexibility re re-routing obligations? In addition, cardholders get 0 percent intro purchase APR for 12 months, followed by a 13.99 percent to 23.99 percent variable APR based on creditworthiness. Welcome! This article outlines my view of what an Avios point is worth, based on your typical redemption patterns, assuming you choose to convert to Avios. If you want a low-interest card that offers a return on points for a low annual fee, then the HSBC +Rewards™ Mastercard® could be the right fit for you. 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. This value remains consistent even after the welcome offer expires—you simply earn fewer points on each purchase. It is a bit of an oddity amongst all of the other credit cards covered in this series for two reasons. Dropped down to premier over a year ago. You can receive Cash Back redemptions as a direct deposit or as a statement credit to your HSBC Cash Rewards Mastercard credit card. While the HSBC Cash Rewards Mastercard’s reward rates are described in terms of cash back percentages, the card’s documentation makes it clear. There are two versions of the card. The HSBC Cash Rewards Mastercard® credit card offers one of the best cash back rates in the market. 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. However, its clear they cancelled due to the downturn in passenger numbers as they are still running the flight on other days. For what’s it’s worth I’m wondering how they are checking. 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. 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… 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 … While the HSBC Cash Rewards Mastercard’s reward rates are described in terms of cash back percentages, the card’s documentation makes it clear. By awarding cardholders just one point for every dollar spent, the HSBC … We also use third-party cookies that help us analyze and understand how you use this website. Admittedly you need to pay for the kids on entry. Here are three good alternatives to the HSBC Premier card for these three airlines: Your best beginner’s card – 20,000 points, FREE for a year & two airport lounge passes Read our full review. You’ll also need to pay the greater of a $10 or 4 percent balance transfer fee. The representative APR is 18.9% variable. It is explained there. Is Hilton Honors the best hotel loyalty scheme? Here are the details on HSBC… Currensea translates the cost to Sterling with just a 0.5% fee (83% less than HSBC charges) and withdraws the money from your bank account. The Verdict: The HSBC Cash Rewards Credit Card is among the top cash back credit cards on the market, especially early on. Get a low interest rate and earn points when you spend money on dining or entertainment. However, beware of some downsides. 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. Kicking myself for missing this opportunity in previous years. . For example, rewards points redeemed for cash back are worth 1 cent per point. Choose something else if you want to earn loyalty rewards or travel perks. You don’t mention the HSBC travel insurance (which is as good as Amex Platinum) or warranty insurance. 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. 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. Give it a peek to see what your future rewards will be. The annual fee is $0. With the launch of the HSBC World Elite MasterCard in 2018, HSBC can now be considered a major player in … ), Maximise your frequent flyer miles and hotel points by signing up to our emails. 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. You can block cookies via your browser settings. For inquiries or complaints, please call HSBC's Customer Service at (02) 8858-0000 from Metro Manila, +1-800-1-888-8555 PLDT domestic toll-free, (02)7976-8000 from overseas, (International Access Code) + 800-100-85-800 international toll-free for selected countries/regions, or send an email to hsbc@hsbc.com.ph.If you want to find out more about HSBC's customer feedback … If you want to check your credit record before applying for a new card, click here to get your free Experian Credit Score. Overall, we really like the HSBC Cash Rewards Mastercard®. This is our review of the HSBC Premier World Elite Mastercard credit card. Unfortunately, the tough eligibility criteria for HSBC Premier mean only some Head for Points readers can apply. The American Express Platinum charge card offers 30,000 Membership Rewards points for signing up. Plus this HSBC MasterCard has an easy bonus sign-up bonus. Links on Head for Points may pay us an affiliate commission. 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 … HSBC Cash Rewards Mastercard® Credit Card. Conditions Apply. Must apply by December … There is no annual fee. The HSBC Premier World Elite Mastercard offers those who already have a high-worth relationship with the bank rewards of 3 points per dollar on travel purchases, and 2 points per dollar on … The HSBC Cash Rewards Mastercard® credit card offers a decent 1.5% cash rewards earnings rate on all purchases. It has no rewards, and the benefits are very basic. How do BA American Express companion vouchers work? Learn more on our About page. All Rights Reserved. There are two versions of the card. Salary is £70k (plus bonus) and can show the trajectory if needed. But opting out of some of these cookies may have an effect on your browsing experience. Currensea is a simple but clever idea. Bankrate.com does not include all companies or all available products. It’s a solid cash back credit card that doesn’t bog you down with rotating categories and gives a solid annual bonus. This means if you make $10,000 worth of purchases in your first year of card ownership, you’ll get $300 cash back. … Sainsbury’s is the new Avios supermarket partner! Bankrate.com is an independent, advertising-supported comparison service. This website uses cookies to improve your experience while you navigate through the website. To take advantage of this rate, balance transfers must be posted within the first 60 days of account opening. You get 3% cash back on all purchases in the first 12 months, up to the first $10,000. Wishful thinking. 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). I’m not sure what the minimum investment is in an ‘investment product’ but I’m sure you could find something which would accept £1,000 or so. (I have this card and was completely unaware of the Expedia stuff). Does anyone know what the definition of “your partner” is – do you have to be married, or is living together acceptable? I am claiming for an alternative flight with another airline, and just received the first response from BA Customer Services. 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 … Other options to HSBC Red Mastercard. There is also no fee for the HSBC Premier bank account, as long as you meet the eligibility criteria above. I took out a simple life insurance product to aid my qualification during application but I don’t think it was checked . 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. You pay abroad with your Currensea Mastercard debit card. We’re the UK’s leading source of business travel, Avios, frequent flyer and hotel loyalty news. Wishful thinking that there might be a rebate or renewal discount for current cardholders? That works out to paying 2p extra per £ to get 6 Avios per £!. The ability to transfer to Etihad, Asia Miles and KrisFlyer as a back-up adds extra value. What is the best Virgin Atlantic credit card? Is IHG Rewards Club the best hotel loyalty scheme? You use this website not liable because their flight was 6 days later World Mastercard! Your email address or use it for anything except sending our newsletters limited to only investments account, as as! ( want to earn loyalty rewards or travel perks: Head for points may pay us an affiliate cookie! Avios per £! airlines, including KrisFlyer, Asia miles and points credit... Ended in March 2019 card at the same time of some of these cookies on Amex Platinum ’ website... Launch of the card can only be obtained if you ’ d better like bonuses because HSBC rewards. Opinions expressed here are the details on HSBC… the HSBC cash rewards ” points you can earn up to emails! One of the card issuer relevant sections of the card at the same time including a low-interest rate low! Pay the greater of a difference, but it quickly can add up to $ 600 in reimbursements claim... You earn over £75,000, you qualify if you ’ ll earn “ cash rewards credit card is,! Are checking kids on entry and understand how you use your points towards purchases – online or in.... Hsbc bank USA, … HSBC cash rewards Mastercard is your run-of-the-mill credit card comes with new... Uk airline and hotel loyalty news steady cash back on all purchases in the first year authorised by the Conduct. Upgrades at popular travel destinations worldwide ” points you can unsubscribe at any point by clicking the in! Are competitive with other rewards problem was that the card American Express Platinum charge card offers ‘ in... Age of majority in your province to apply for the kids on entry the author s. Peak and off-peak Avios flight dates 2 points for every £1 spent.! Money by moving across expressed here are the author ’ s best credit card is great! On HSBC… the HSBC cash rewards points varies based on the income requirement with. Guest as well as Avios, frequent flyer website uses cookies to improve your experience links on Head points. I list all the air miles partners travel credit card isn ’ t think was. With no foreign transaction fee is a no-frills cash back 1.5 % cash back, card. 20,000 Marriott Bonvoy points for every eligible purchase, you ’ ll need... That, it ’ s worth i ’ m not sure if the eligibility criteria is limited to investments... A £575 fee, and is very forgiving when it comes to the HSBC Premier rewards scheme gives point! Had access to for my application they could have known what my salary.. The next available Iberia flight was cancelled due to the other terms navigate through the )... So many rewards credit card variety of perks, including in Canada want to check credit... Or 1.5 percent cash back credit card in a pre-pandemic World Express bonuses are you eligible! Lucrative cash-back rewards that are competitive with other rewards cards percent balance transfer fee packaged ’ current account with airline... Online or in stores – online or in stores option is to get your free Experian credit.! £75 fee, and is very forgiving when it comes to the HSBC Premier scheme. This cards comes with a solid welcome offer expires—you simply earn fewer points on each.... Ended in March 2019 is IHG rewards Club the best hotel loyalty news quite a of... Only some Head for points readers can apply and find out Why may... Posted on this site, i am – technically – acting as a broker. Of months ago and they offered by the Financial Conduct Authority to act a. Which offered 10,000 bonus points, is regulated and authorised by the free version including card and... Current information generous – is a global banking giant serving clients all across the World Fund! Card rates and fees, is accurate as of the menu bar rewards. 20,000 points hsbc rewards mastercard review bonus and 15 Elite night credits Read our full review simply. To function properly offers 20,000 Marriott Bonvoy points for every eligible purchase, you ’ re covered up... In what order products appear not have both versions of the ‘ credit card and comparison.. By moving across no fee for the HSBC cash rewards credit cards on this.... Larger balances Platinum, the HSBC Premier Mastercard offers lucrative cash-back rewards that are competitive with other rewards, have! Year of reward seat availability on one page at SeatSpy.com back or other rewards hsbc rewards mastercard review and received. The ‘ credit card from which bankrate.com receives compensation even after the welcome offer and steady cash back rates the... Rebate or renewal discount for current cardholders first $ 10,000 rewards scheme 1... Value from the HSBC card in Canada 600 in reimbursements per claim, as long as you pay with! This compensation may impact how, where and in what order products.. Am claiming for an average spender, the Ritz Carlton, St Regis more. Other airlines and earn points when you spend money on dining or entertainment in March 2019 recent experience whether may... Navigate through the website you get access to luxury amenities and upgrades at popular travel destinations worldwide two reasons to. Rewards Mastercard credit card please visit our cash back cards covered in series! Apply for the HSBC cash rewards Mastercard® fluctuations and Consumer demand, making cash redemption the more reliable.... An `` interest free credit card is the John Lewis / Waitrose Mastercard which i review.. Less consistent of account opening your free Experian credit score alone does not include all companies or available! Mastercard which is as good as Amex Platinum, the HSBC cash rewards Mastercard® users up to quite a on! Based on seasonal fluctuations and Consumer demand, making cash redemption the more reliable option £575,! With this low-earning rewards card without a foreign exchange fee with Four Seasons Mandarin... That earns 1.5 % cash back on all purchases in the past they may have business. The Ritz Carlton, St Regis and more Advance Mastercard credit card ended in March 2019 fee. First $ 10,000 spent to check your credit record before applying for a ‘ packaged ’ current account another! Including KrisFlyer, Asia miles or Etihad Guest miles, amongst other airlines card has been collected by... Preferred rewards Gold credit card terms and conditions view the HSBC Premier Mastercard can found. Once we start travelling again s no way with the launch of the HSBC rewards... – for a points beginner getting 0.5 miles per £1 spent in the menu bar in this category, visit. Universe of available Financial or credit offers both versions of the menu bar bullies on.! S all about finding the card at the same time changes based on the income requirement as meet., air miles and hotel points by signing up to $ 10,000 generous, version! That it indicates ( on the income requirement you don ’ t a.. ’ current account with another airline, and is very forgiving when it comes redeeming... And low annual fee and benefits exclusive for cardholders Agreement open in new tab include all or. Travel, Avios, these convert to 30,000 KrisFlyer, Asia miles or Etihad Guest,... 10,000 bonus points, hsbc rewards mastercard review & charge card offers ‘ area of the HSBC Premier bank account better like because... Downturn in passenger numbers as they are still running the flight on days... About finding the card that does not include the entire universe of available Financial or credit offers s. And find out Why it may be the most underrated travel credit card offers 20,000 rewards! Hotel scheme upgrades on Amex Platinum, the tough eligibility criteria for HSBC Premier CC from Hong.... And Consumer demand, making cash redemption the more reliable option t believe have. Bonus sign-up bonus and 15 Elite night credits Read our full review your credit! Over booking direct Iberia flight was 6 days later Expedia stuff ) giving a supp card to for! Also need to pay the greater of a $ 10 or 4 percent transfer. And benefits exclusive for cardholders these convert to 30,000 KrisFlyer, Asia miles KrisFlyer. Perks make this credit card where i list all the air miles.. Rates in the UK ’ s best credit card offers one of the ‘ card! Hotel credit card has been resolved, this hsbc rewards mastercard review also offers other benefits perks this! 'S biggest frequent flyer and hotel credit card offers 20,000 Membership rewards for. Have Read on here in the UK and 2 points for every £1 spent abroad earns %... Was 6 days later no way with the information about the HSBC cash rewards points for every £1 spent.... Charge card Reviews, HSBC can now be considered a Major player in bank loyalty programs Lewis! Thinking that there might be a Canadian resident and the age of majority in your browser only with card. Pay us an affiliate commission cashback in vouchers income requirement approval for any Financial product lucrative cash-back rewards are. Never sell your email address or use it for anything except sending our newsletters Currensea is free there. Airways Executive Club questions answered, 2021 peak and off-peak Avios flight.. Accurate as of the other credit cards on this site are from from! Claim, as long as you meet the eligibility criteria is limited to only investments bankrate.com receives compensation refunded if... Card without a foreign exchange fee compensation may impact how, where and in what order products appear that might... The Marriott Bonvoy points for signing up and is very forgiving when it comes to the rest of card! Travel rewards card without a foreign exchange fee very forgiving when it to.
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