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.
*Offer currently unavailable*
Additionally, this card offers an ongoing 1.5% unlimited cash back rate on all purchases and no annual fee. Furthermore, there are no foreign transaction fees. If you’re interested in a card with a cash back bonus, travel and shopping benefits, and more, check out the HSBC Cash Rewards Mastercard!
* The HSBC Cash Rewards Mastercard® credit card is issued by HSBC. They also offer great sign-up bonuses for their Checking/Savings accounts. You can also compare this card with other credit card bonuses!
| Chase Sapphire Preferred Card 60K Points* | Citi Premier® Card 60K Points* |
| The Platinum Card® from American Express 100K Points* | Capital One Venture Rewards Credit Card 75K Points* |
| American Express® Gold Card 60K Points* | Citi CustomSM Cash Card $200 Bonus* |
| Chase Freedom Flex $200 Bonus* | Chase Freedom Unlimited Card $300 Bonus* |
| Blue Cash Preferred® Card from American Express $350 Welcome Offer* | Blue Cash Everyday® Card from American Express $200 Welcome Offer* |
| Chase Ink Business PreferredSM Card 100K Points* | Chase Ink Business UnlimitedSM Credit Card $750 Bonus* |
| U.S. Bank Altitude® Go Visa Signature® Card $200 Bonus* | Capital One Quicksilver Cash Rewards Card $200 Bonus* |
| Aspiration Zero credit card $300 Bonus* | *Must make minimum spending requirement to earn bonus |
Table of Contents
HSBC Cash Rewards Mastercard
| Bonus Available | Introductory 3% Cash Back in the first 12 months, up to $10,000 in purchases. |
| *Bonus Value | $150. Base ongoing rate is 1.5%. Introductory rate is an extra 1.5% during the first 12 months, up to $10k in purchases. |
| Anniversary Bonus | Get a 10% bonus on all Cash Rewards earned each year. |
| Ongoing Rewards | 1.5% unlimited cash back on all purchases. |
| Foreign Transaction Fees? | No |
| Annual Fee | None |
* Bonus value is an estimated value calculated by HustlerMoneyBlog and not the card issuer.
View the latest valuations here.
3% Introductory Cash Back Offer
- Earn unlimited 1.5% cash back on all purchases.
- 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
- 10% Anniversary Bonus on all Cash Rewards earned once a year.
- No Annual Fee.
- 0% Intro APR for 12 months on purchases and balance transfers, then a 14.99% – 24.99% variable APR.
- No Foreign Transaction Fees.
- $0 liability for unauthorized purchases.
- Terms Apply.
- See Rates & Fees
| Intro Purchase APR & Duration | 0% Introductory APR on credit card purchases for the first 12 months from account opening. |
| Online Purchase APR | Variable APR of 14.99% – 24.99% will apply after the Introductory Period |
| Penalty APR | 32.00% |
| Intro Balance Transfer APR & Duration | 0% Introductory APR on balance transfers for the first 12 months from account opening |
| Ongoing Balance Transfer APR | Variable APR of 14.99% – 24.99% will apply after the Introductory Period |
| Ongoing Balance Transfer Fee | Either $10 or 4%, whichever is greater, will apply on each balance transfer and credit card check. |
| Annual Fee | $0 |
| Foreign Transaction Fee | N/A |
| Cash Advance Fee | Either $10 or 4%, whichever is greater, will apply on each cash advance transaction. |
| Cash Advance APR | 27.00% |
You’ll be able to earn up to $300 cash back (up to $10,000 in purchases) with the HSBC Cash Rewards Mastercard credit card at the 3% introductory rate the first 12 months. The rate goes back to the ongoing 1.5% after the introductory period, or after you’ve earned $300 in cash back during that time.
Here are some ideas on meeting the spending requirements.
Earn Cash Back & Redeem Rewards
Receive 1.5% cash back on every purchase, with no limit to the amount you can earn.
Enjoy a 10% Anniversary Bonus on all cash back rewards earned in the previous year. This will give you a small boost of 1.65% cash back to your rewards every year. Just keep your account active and in good standing.
Redeem your cash back through statement credit, gift cards, merchandise, charity, and travel rewards. You must redeem a minimum of $25 for statement credit. Though, this will give you the full value for your rewards. Other redemption options will cost less but also give you less value.
Travel & Shopping Benefits
Enjoy no foreign transaction fees (see Rates & Fees) and other travel benefits. Travel benefits include up to $1 million in coverage if an accident should occur on a commercial passenger vehicle, $50,000 in coverage in the event of collision, damage or theft of a rental vehicle, and more. No need to pay for additional auto insurance coverage when you use this card.
For purchases, Purchase Assurance covers most purchases up to $1,000 against accidental damage or theft for 90 days from the date of purchase. Additionally, Extended Warranty that doubles your original warranty for up to one additional year. Price Protection can refund the difference if you buy an item and then see it advertised for less within 60 days.
Bottom Line
This card is a pretty straightforward card to have. Use the HSBC Cash Rewards Mastercard® credit card wherever you want because you’ll always get 1.5% cash back, no matter what you buy. Plus, the 10% Anniversary Bonus adds a nice touch.
Furthermore, pair it with a different reward card that has bonus reward categories at higher rates to earn more cash back. If you’re interested in banking with HSCBC, check out the latest HSBC bank promotions. Above all, find all the credit card bonuses on our exclusive list!
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The information about the HSBC Cash Rewards Mastercard® credit card has been collected independently by Hustlermoneyblog. The card details have not been reviewed or approved by the card issuer.
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Link not working.
Hey John,
Thanks for being a valued reader! The link should be working now. Thanks for bringing this to our attention!
On the rewards program, you have 4 options. They are (ranked from best to worst as I think)
1. Financial Rewards (Statement credit or direct deposit to HSBC only, no mailed checks): multiples of $25 (2500 points), or any amount above $50 (5000 points)
2. Gift cards: usually a $10 GC (the minimum value available) will cost you 1500 points. A $100 (Avis/National/Budget/Alamo/Uber) GC = 12500 points
3. Merchandise: e.g., Google Chromecast 2.0 = 5700 points, and Apple TV 4th gen = 21300 points
4. Travel