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. All Rights Reserved. This card can be cheap to use, with no annual fee or foreign transaction fee. 3% cash back on all purchases in first 12 months of account opening (up to $10,000 in purchases), Average Yearly Rewards Value ($1,325 monthly spend) You want to use your card abroad or to make international purchases. And being in good standing refers to not being over the credit limit or delinquent on payments. HSBC Cash Rewards Mastercard Summary Earning Cash Back. There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater. That makes the cash back rate to be 1.65% on everything. If you like everything about the Discover it Cash Back except for the particular reward categories it offers, there are a couple other cards you might prefer. New to credit cards? But these two ways are the simplest: We recommend redeeming for statement credits, which will be the quickest and easiest way for most people. But for the first year, you’ll earn at a 3% cash back rate for up to $10,000 in purchases thanks to the card’s current introductory bonus. Learn more in our Editorial Guidelines. If you have the HSBC card, you can check to see how closely your FICO scores match up between your Experian and TransUnion credit reports. Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. These terms allow CreditCards.com to use your consumer report information, including credit score, for internal business purposes, such as improving the website experience and to market other products and services to you. There are also some account management features. It’s based on your Experian credit report. Just click the Apply Now button to apply for this card. Citi Flex Plan offers are made available at Citi’s discretion. This is a very low-cost card, with no annual fee. And Discover offers everyone, cardholder or not, the ability to check their FICO Score 8 online. Like other cards in its class, the HSBC Cash Rewards Mastercard offers the same flat rewards rate on every purchase – which is a big perk for busy cardholders who like the simplicity of earning the same rewards rate for everything they buy. The icing on the cake? 3% Cash Back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%). Key link: HSBC Premier Mastercard application form. There are a few other ways to redeem your cash back, but they require more work. Read this for help picking your first card and find out what to expect when you apply. Key facts: No annual fee, card only available to HSBC Premier current account holders. Max out the spend cap in the first year to boost rewards with the higher rate. The Chase Freedom Unlimited® (Review) is similar to the HSBC card in that it offers 1.5% for non-category purchases, but it has more to offer. It also offers a 0% purchase and balance transfer APR for 12 months, which can help you pay off large balances without racking up interest fees. Either $10 or 4%, whichever is greater, will apply on each cash advance transaction. The HSBC Cash Rewards Mastercard® credit card is a good option if you’re looking to dip your toe into the cash back world with a solid card that can earn you rewards on your everyday spending — particularly if you already have a banking relationship with HSBC Bank. Gas Stations, Wholesale Clubs, Select Streaming Services. Responses to comments in the discussion section below are not provided, reviewed, approved, endorsed or commissioned by our financial partners. You’ll need to decline the rental company’s own insurance or damage waiver in order for this to apply. You may save some money compared to calling the service directly because some fees are pre-negotiated. This offer is no longer available on our site. 0% Intro APR for 12 months on purchases and balance transfers, then a 14.99% – 24.99% variable APR. Plan It® gives the option to select purchases of $100 or more to split up into monthly payments with a fixed fee. Collect reward points by shopping with your card. The HSBC Cash Rewards Mastercard is one of a few rewards cards that are good for general spending. HSBC has new offers for their Mastercards. 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. There are a few other good general-use rewards cards with slightly different terms and features. Citi cardholders can also access the Citi Easy Deals shopping portal, where you can find discounts on some products and at some retailers. You can easily find travel rewards cards that don’t charge a foreign transaction fee. The HSBC Mastercard also stands out from other cash back cards by waiving foreign transaction fees, allowing you to travel with your card without worrying about whether you’ll incur extra fees abroad. The Discover it Miles and HSBC card both win out in the first year of card use, though, because Discover will double your miles and the HSBC card lets you earn at a 3% rate. For best results, maximize your spending during the first year to capitalize on the 3% bonus cash rate, and take advantage of the 12-month, 0% APR promotion if your situation warrants. It also offers advanced security measures such as Mastercard ID Theft Protection, contactless payments, and customer service available by phone or online messaging. Ordinarily, it provides 1.5% cash back for every purchase. If an item has multiple warranties they can each be extended. Content is not provided or commissioned by any credit card issuers. Each year you hit your account anniversary, you’ll get a 10-percent bonus on all the cash you earned that year. Reasonable efforts are made to maintain accurate information, though all credit card information is presented without warranty. General. 0. Some offers mentioned on this page may be outdated. And 2% back for every other purchase you make in the first year, which is better than the HSBC card. The HSBC +Rewards Mastercard offers a standard low-interest rate of 11.9% on purchases, balance transfers and cash advances. The HSBC Cash Rewards Mastercard presents a simple way to earn cash back for every purchase you make. Citi is a Credit Card Insider advertiser. After that, it earns 1.5% back on everything. You can also get an enhanced version of the Blue Cash Everyday, the Blue Cash Preferred® Card from American Express (Review). Its minimum APR runs as low as 14.74 percent (variable) – a rate that’s increasingly hard to find, even on lower interest rate credit cards. The HSBC Cash Rewards Mastercard® Credit Card is a no-frills cash back credit card built for everyday spending. This card offers no interest on purchases, and balance transfers made … Here we take a deep dive into the HSBC Rewards program and show you how to maximize the return on your spending. No annual fee. Low intro APR: 0% for 15 months on purchases from the date of account opening, then a variable rate, 13.99% to 23.99%. It’s based on your Experian credit report, just like the HSBC card. In a Nutshell: Less well-known than other 1.5 percent cash back cards from bigger banks, the HSBC Cash Rewards Mastercard stands out from its competitors with a solid 10 percent anniversary bonus that can substantially boost cardholders’ earnings. And then use the HSBC card for every other purchase to get 1.65% back. But it also has a 0% introductory APR offer for 18 months on Balance Transfers, before the regular rate of 13.99% – 23.99% (Variable) begins. However, Credit Card Insider does not make any guarantees about the accuracy or completeness of the information provided. The second has static reward categories but it’s a Discover card, so it has the same extra benefits and features as the Discover it Cash Back. But no matter which credit card issuer provides the score, it will usually be updated only once per month anyway. You must purchase the item entirely with your HSBC card. I understand that this is not an application for credit and that, if I wish to apply for a credit card with any participating credit card issuer, I will need to click through to complete and submit an application directly with that issuer. The Blue Cash Everyday has superior benefits compared to the HSBC card. Cash Rewards do not apply to account upgrades, account transfers, balance transfers, credit card checks, cash advances or overdrafts. You could use the Discover it Cash Back together with the HSBC Cash Rewards to earn a fair amount of cash back for every purchase. The HSBC +Rewards™ Mastercard® stands out from the crowd not only because of the white logo and exquisite design but also because of the advantageous interest. But the Discover it® Miles (Review) is a surprisingly good card offer that isn’t limited to travelers and travel expenses. But that is only available on your monthly statement, online or mailed. The HSBC card’s APR is also surprisingly affordable – especially compared to similar cash back cards. All Amex cards allow you to see one of your FICO Score 8 credit scores online for free, whenever you’d like. With HSBC +Rewards® Mastercard®, you can enjoy a low 11.9% interest rate on everything, from purchases to balance transfer and cash … HSBC Cash Rewards Mastercard® Credit Card. This review covers the free version. There are two versions of the card. 0% Introductory Period12 months (See rates and fees), Transfer Fee4% (or $10, whichever is greater) (See rates and fees), Introductory Purchase APR0% for 12 months (See rates and fees), Regular APR14.74-24.74% (variable) (See rates and fees), Other Notable Features: No foreign transaction fee; car rental insurance; airport concierge; travel assistance; travel medical assistance; legal referral services; roadside assistance; travel accident insurance; extended warranty; purchase protection; price protection; identity theft protection; mobile payments. Advertiser relationships do not affect card ratings or our Editor’s Best Card Picks. CreditCards.com does not include the entire universe of available financial or credit offers. But it does make it easy to earn more than the 1% back on non-category purchases you’ll get with most reward cards, and the 3% introductory reward rate makes this card even more valuable. You’ll only get 12 months with the HSBC card. The cash rewards program for the HSBC Cash Rewards Mastercard® credit card is very straightforward. 10% Anniversary Bonus on all Cash Rewards earned each year. Other factors, such as our proprietary website's rules and the likelihood of applicants' credit approval also impact how and where products appear on the site. You’ll also find some basic protections available, for shopping and traveling. But the Discover it Miles provides 1 cent per mile no matter how you redeem. Provides pre-trip planning and help with travel emergencies. Reasonable efforts are made to maintain accurate information, though all credit card information is presented without warranty. Your miles will be worth 1 cent each with this card, so you’ll be earning the equivalent of 1.5% cash back with this card. The 5% cash back calendar for the Discover it Cash Back for 2021 is: The changing categories are much different than the 1.65% back for every purchase you get with the HSBC Cash Rewards. This card also makes it easy for cardholders to maximize their earnings, based on how they like to use credit. Less well-known than other 1.5 percent cash back cards from bigger banks, the HSBC Cash Rewards Mastercard stands out from its competitors with a solid 10 percent anniversary bonus that can substantially boost cardholders’ earnings. The HSBC Premier Mastercard is issued by HSBC. And it’s a better base rate than the Discover it Miles, which is next on our list. With no annual fee, the Blue Cash Everyday offers 15 months at 0% APR for purchases before the regular 13.99% - 23.99% Variable APR begins (Rates & Fees). Use this card wherever you want because you’ll always get 1.5% cash back, no matter what you buy. 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