hsbc cash rewards mastercard

HSBC offers several redemption options for the cash back you earn with HSBC Cash Rewards Mastercard. J.D. The HSBC Cash Rewards Mastercard® credit card earns 3% back on all purchases in your first year up to $10,000 spent. Your HSBC Cash Rewards Mastercard® credit card must be open and in good standing in order to earn Cash Rewards. Cardholders can benefit from the online portal to track spending, make payments, and transfer funds. The annual fee is $0. After that, you’ll enjoy everyday spending earnings of 1.5% cash back. Rates : These interest rates are in effect on the day your HSBC Mastercard account (“Account”) is : activated. These ratings and reviews are provided by our users. On the other hand, with the Capital One Quicksilver Cash Rewards Credit Card you can earn a One-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening. 1 The Welcome Bonus is 5,000 Points with the HSBC Advance Rewards Program or a $50 Cash Back rebate with the HSBC Advance Cash Back Rewards Program. and Card Value Calculator. This compensation from our advertising partners may impact how and where products appear on our site (including for example, the order in which they appear). The HSBC Cash Rewards Mastercard is a very worthy contender among the 1.5% cash back cards. That makes this card potentially more lucrative than many other cash-back credit cards that earn 1.5%. HSBC Credit Card, the best credit card in town*. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). The one that has it all. That makes the HSBC Cash Rewards Mastercard® credit card instantly more lucrative than other cashback cards that offer the same earning rate but no anniversary bonus. View the HSBC Business … You can use this rewards calculator to calculate how many points, miles, or cash back you can earn based on … However, beware of some downsides. Collect reward points by shopping with your card. If you’re a big spender, that might be inferior to the cash back promised by the HSBC Cash Rewards Mastercard® credit card, but it’s a much better carrot if you’re a low to moderate spender. Some cards, for example, may offer as high as 3% or even 5% cash back, but those earning rates typically apply only to certain purchase categories, such as gas or groceries. It doesn’t have the most rewarding bonus categories. †† The opinions you read here come from our editorial team. ... View the HSBC Cash Rewards Mastercard® credit card Cardmember Agreement open in new tab. Conditions Apply. Every time you make a purchase 1 using your HSBC Rewards Credit Card, you’ll automatically collect reward points. Annual Interest on Cash Advances and Balance Transfers: 11.9% ; Authorized User Annual Fee: $10 Per Card ; Rates and Fees. Even when you take into account the HSBC Cash Rewards Mastercard® credit card’s most unique benefit — a 10% anniversary bonus on all cash rewards earned during the previous 12 months — the latter offers just 1.65% cash back while the former lets you Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. Earn 4x bonus points on online, dining, shopping and overseas transactions. (after that, it’s Variable APR of 13.99% - 23.99% will apply after the Introductory Period, depending on the cardholder’s creditworthiness). By using Investopedia, you accept our. You will also protect yourself from the trouble of rotating categories. The HSBC Cash Rewards Mastercard® is a jack-of-all-trades card. Enjoy this generous offer for a limited time only. The nice thing about the HSBC Cash Rewards Mastercard® credit card is that its 1.5% cash back applies on all purchases, regardless of spending category, which makes it easy to both earn rewards and track them. HSBC Rewards points can be used towards cash-back (which you’ll learn more about below), but HSBC Cash Rewards can’t be used for anything except cash-back, limiting the utility of your rewards. Earn 2 points per $1 at US supermarkets on up to $6,000 per year. Alongside its introductory cash back, that makes the HSBC Cash Rewards Mastercard® credit card an attractive and sensible choice for anyone who’s in the market for a new card. One exception is its contactless payment ability. If you're a heavy spender or frequent traveler, there are other credit cards that could give you bigger rewards. The HSBC Cash Rewards Mastercard® offers unlimited cash back and includes a long interest-free period for both balance transfers and purchases. No. HSBC's security features are largely standard for the credit card industry. We rate both introductory APR percentage and length (in months) along with the midpoint of the variable regular APR interest rate range. As a reference, you’ll get around $1 for every 200 points you redeem on travel. This card offers an ongoing 1.5% unlimited cash back rate on all purchases and no annual fee. It’s important to note that for our overall score that we make a number of assumptions about how you would be using your credit card: Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. How to apply. Advertiser Disclosure: Some of the offers that appear on this website are from companies which ValuePenguin receives compensation. There are a myriad of reward and non-reward card options that charge no annual fee but for the many that do assess an annual fee the cost is often justified by their lucrative ongoing rewards and initial signup bonuses. While there are caveats to the protection, including that it covers a total loss only when the phone is stolen, it still provides some peace of mind about the most valuable item most of us ever carry around with us. The card is an under-the-radar offering that is far more appealing for those who have their eye on the bottom line. Effective 9 November 2020. After 12 months or $10,000 in spending — whichever comes first — you’ll earn Unlimited 1.5% cash back on all purchases after the intro period. They are: All the options redeem at the same 1:1 rate, but gift cards are available only in certain denominations, as is normal. That's when you can earn double the regular 1.5% earnings on up $10,000 of spending, thanks to the card's introductory bonus. Security and customer service features like lost or stolen card replacement, being able to lock one’s card from an issuer app and 24 hour customer support are becoming more standard across the card market and we provide a significant amount of weighting to features in this area. But what happens when your bonus expires? We publish unbiased product reviews; our opinions are our own and are not influenced by payment we receive from our advertising partners. Perhaps the most distinguishing feature of the HSBC Cash Rewards Mastercard® credit card is its anniversary bonus: HSBC will say thanks on your anniversary by giving you a 10% bonus on all Cash Rewards earned during the previous 12 months. The information may have changed after that date. Mastercard details for the HSBC Mastercard. Welcome Offer: Earn 30,000 Points ($150 travel value), plus get a full annual fee rebate for the Primary Cardholder for the first year ($25 value). View the HSBC Platinum Mastercard® credit card Cardmember Agreement open in new tab. Learn more about Red Hot Rewards of Your Choice * The above statements are based on the perception rating results from the Kantar Pulse Study conducted between October 2019 to December 2019 that covered a population representative sample of 440 credit card holders in Hong Kong. There are no … The HSBC Cash Rewards Mastercard® credit card offers one of the best cash back rates in the market. HSBC Rewards Program. Live a rewarding life. Advertiser Disclosure: The products that appear on this site may be from companies from which ValuePenguin receives compensation. Collect points with HSBC Mastercards, and you can redeem them for travel, experiences, gift cards, merchandise, HSBC financial products, and more. Although it’s not unique, the HSBC Cash Rewards Mastercard® credit card offers a 0% Introductory APR on credit card purchases for the first 12 months from account opening and a 0% Introductory APR on balance transfers for the first 12 months from account opening. Year-round Privileges ... value for each instant redemption is HKD50 cash discount or its multiple; For Citistore, the minimum value for each instant redemption is HKD100 (HKD100x1) cash voucher ... All redemption transactions made at Beauty Avenue must be performed by using a valid HSBC credit card and year-round privileged … The Welcome Bonus will be awarded only if your application for a new HSBC Advance Mastercard is approved. HSBC Credit Card, the best credit card in town*. Expand your horizons. The defining feature of the HSBC Cash Rewards Mastercard® credit card is a first-year rewards rate that you won't find on most other cash-back cards in its class. Both cards, for example, have a $0 annual fee and 1.5% Cash Back on every purchase, every day. ... Shop confidently knowing that your eligible purchases are well-protected when you make them using your HSBC +Rewards Mastercard. Collect points when you spend You’ll collect 1 reward point for every £5 you spend on your card, online or in store. Our guide to cash back credit cards. If you're a heavy spender or frequent traveler, there are other credit cards that could give you bigger rewards. Purchases and fees: 11.9%: Cash Advances including Quasi-cash transactions: 11.9%: Balance Transfers: 11.9%: Cheques: 11.9%: If you do not pay the Minimum Payment in full by the due … Learn More Learn more about Travel Rewards. Credit score is one of the many factors lenders review in considering your application. {"align":"","buttonColor":"primary","buttonIcon":"lock","buttonText":"Apply Now","category":"creditcards","className":"AffiliateBanner--context-credit-card","context":" in context: Banner","cssNamespace":"AffiliateBanner","disclaimers":["On Capital One's Secure Website"],"isButtonSquare":false,"imageURL":"https:\/\/cdn.comparecards.com\/uploads\/images\/items\/4275.jpg","isUnavailable":false,"link":"\/credit-cards\/redirect\/625?url=_hsbc-cash-rewards-mastercard-credit-card-review","name":"Capital One Quicksilver Cash Rewards Credit Card"}, {"align":"","buttonColor":"primary","buttonIcon":"lock","buttonText":"Apply Now","category":"creditcards","className":"AffiliateBanner--context-credit-card","context":" in context: Banner","cssNamespace":"AffiliateBanner","disclaimers":["On Citibank's Secure Website"],"isButtonSquare":false,"imageURL":"https:\/\/cdn.comparecards.com\/uploads\/images\/items\/4475.png","isUnavailable":false,"link":"\/credit-cards\/redirect\/710?url=_hsbc-cash-rewards-mastercard-credit-card-review","name":"Citi\u00ae Double Cash Card \u2013 18 month BT offer"}, {"disclosureMessage":" \u003Cp\u003EAdvertiser Disclosure: Some of the offers that appear on this website are from companies which ValuePenguin receives compensation. 4 This rebate is applied as an automatic credit on your January account statement if your account is in good standing. Collect reward points by shopping with your card. In order to get it, you have to make purchases totaling $1000 or more within the first 90 days of opening the card. Annual Interest . Balance transfer fees are occasionally waived during introductory periods with certain cards, a factor which is heavily and positively weighted in our scoring model for cards offering this benefit. Maximise working capital and improve cash flows with a wide range of financing, import and export financing, and commercial card solutions. Write to Anna G at evan@creditdonkey.com. ... on fuel purchases between Rs. The HSBC Cash Rewards Mastercard is a simple, flat-rate rewards card that offers an appealing combination of offers for the first year in which you own it. The card has a foreign transaction fee of None and offers travel accident insurance coverage of up to $1 million. Cardholders can benefit from the online portal to track spending, make payments, and transfer … To get an insurance quote over the phone, call: (855) 760-0699 | Agents available 24 hours a day, 7 days a week! The Penalty APR will continue to apply until after you have made timely payments during the 6 months being reviewed. … At the end of the day, that means the 1.5% cash back you receive on purchases is more like 1.65%. Earn 2X ThankYou Points at supermarkets and gas stations for the first $6,000 per year and 1X points on all other purchases. Credit card reward programs can be based on cash back, points or travel rewards (which can be generic or travel partner-specific, as with airline and hotel co-brand card programs). 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. But the HSBC Cash Rewards Mastercard® credit card is a formidable card in its own right, offering 1.5% cash rewards with no annual fee. Assuming you achieve that spending, you'd receive a bonus of $150 in cash back. When it's time to indulge and unwind, you can earn twice the Premier Rewards Points when you spend at any of our dining and travel partners, and also when you spend … Power's 2019 Credit Card Customer Satisfaction Study. HSBC's customer service is available by phone at 800-485-1794, but representatives aren't available 24/7 like most credit card issuers. You can also redeem for gift cards, travel or merchandise. 4 Customers enrolled in the HSBC +Rewards Program earn Points for eligible purchases charged to their HSBC +Rewards™ Mastercard® account, less credits for returns, refunds and adjustments. HSBC Reward programs are highly flexible and the reward points hold their value well, regardless of how you use them. If you max out the spend cap on this offer, you can bring in at least $300 in cash back in the first year alone. New cardholders get a 12-month 0% APR introductory rate on … And the no foreign transaction fee is a great benefit for the occasional travelers. These responses are not provided or commissioned by the bank advertiser. Therefore, we say the card has a 2.5% rewards rate on dining and travel (2 x $0.0125) and a 1.25% rewards rate on everything else (1 x $0.0125). Variety is the spice of life — and of credit card reward redemption. Joe Resendiz is a former investment banking analyst for Goldman Sachs, where he covered public sector and infrastructure financing. The HSBC Cash Rewards Mastercard credit card earns 3% cash back on up to $10,000 in purchases during the first 12 months after opening an account. The HSBC Cash Rewards Mastercard has a 0% foreign transaction fee which makes it a great card for those looking for a simple method of earning cash rewards spending internationally, especially during the 3% introductory cash back rate. Learn more about how we review products and read our advertiser disclosure for how we make money. Then use the Mastercard Pay with Rewards app or website to use your points towards purchases – online or in stores. You can receive Cash Back redemptions as a direct deposit or as a statement credit to your HSBC Cash Rewards Mastercard credit card. Earn 1% in Disney Rewards Dollars on all card purchases. We believe in strengthening your career and our HSBC Credit Cards blend flexible payment plans with low- interest rates to suit your income cycle. If you’re looking for an HSBC card with a signup bonus, consider the HSBC Cash Rewards Mastercard® credit card. And you’d better like bonuses because HSBC Cash Rewards has a few. (The EveryDay’s regular rate is 1%, for example, compared with at least 1.5% for the HSBC Cash Rewards.). You can also manage your account online or with the HSBC mobile app. Because the card offers a flat rewards rate on everything, you maximize your rewards by simply using the card for every transaction you can. The latter are thanks mostly to the card’s 10% anniversary bonus, which bumps up the effective rewards rate from a respectable 1.5% to a generous 1.65%—with nothing extra required to earn that higher rate, except a little patience (since the 10% bonus earnings arrive at the end of the year). Many cards offer 0% introductory APR on purchases and balance transfers for varying lengths and then revert to a permanent or regular APR (based on a variable rate tied to the prime rate) that applies to any balances not paid in full. How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. As we just noted, the card offers a 0% Introductory APR on balance transfers for the first 12 months from account opening. HSBC Latest Offers. While credit card rewards are welcome, they can quickly be neutralized, and more, by interest charges if you can’t pay off your card balance in a timely way—in this case, at the end of the 12-month introductory 0% APR offer on new purchases. Spending Instalment Plan Cash Instalment Plan Cash Credit Plan … With HSBC Red Mastercard, enjoy rewards on all your spend. He earned a bachelor’s degree from the University of Texas at Austin, where he majored in finance. Card Type PHP100 Cash Credit PHP500 Cash Credit PHP1,000 Cash Credit; HSBC Premier Mastercard: 1,500 points: 7,500 points: 15,000 points: HSBC Platinum Visa ValuePenguin does not include all financial institutions or all products offered available in the marketplace. Important notes. Relative to other cards in its class, the HSBC Cash Rewards Mastercard® credit card doesn’t have the slickest name, the most brand recognition or the flashiest marketing behind it. It also offers advanced security measures such as Mastercard ID Theft Protection, contactless payments, and customer service available by phone or online messaging. Mastercard® credit card Cardmember Agreement open in new tab range of financing, and lucrative in! 2X ThankYou points at supermarkets and gas stations for the Cash back towards your financial goals your HSBC Rewards.... Site may be compensated through a credit card that delivers above-the-norm Rewards are. Card earns 3 % - 5 %, whichever is greater, apply! 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Miles or other travel Rewards points: what 's the Difference Visa Cash on... Like and embark on an online shopping experience enticing Cash bonuses to new,... Lenders review in considering your application a reference, you ’ re looking for statement! Issuer partnership payment plans with low- interest rates are in effect on the bottom line offered a 200... Or points: what 's the Difference your credit card products that appear our! Is: activated Rewards Rewards Program Terms and Conditions apply more appealing for those who have eye! Our database: see how the offer stacks up against the top competition feels to...
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