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HSBC Cash Rewards Mastercard® credit card full review

The HSBC Cash Rewards Mastercard® credit card promises to give you more than a good pack of rewards. It can provide you with peace of mind and everyday value. Come with us take a tour of how this credit card works!

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by Aline Augusto

Published on 11/04/2021

HSBC Cash Rewards Mastercard® credit card

Check out the card's full review. Source: Clark Howard.
Check out the card’s full review. Source: Clark Howard.

The HSBC Cash Rewards Mastercard® credit card offers you cash back, a sign-up bonus valued in cash back, 0% Intro APR and no annual or foreign transaction fees.

If you are looking for a simple structure of reward, maybe this credit card is for you.

This blog post will review all about it, so you can decide if this card might be the perfect new addition to your wallet!

Credit ScoreGood – Excellent
Annual Fee$0
Regular APRFrom 12.99% to 22.99%
Welcome bonus3% cash back on all purchases in the first year, up to $10,000 spent
Rewards1.5% cash back on all purchases

How to apply HSBC Cash Rewards Mastercard® card

The HSBC Cash Rewards Mastercard® credit card provides you with cash back and more. Check out how to apply for it!

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Learn all about the HSBC Cash Rewards Mastercard® credit card

The HSBC Cash Rewards Mastercard® credit card is the perfect credit card for those who want to get cash back rewards without paying an annual fee.

Therefore, you will earn 3% cash back in the first year after opening the account, up to $10,000 spent. But note that there is no sign-up cash bonus like other cards offer. 

After that, you can enjoy your 1.5% cash back rewards on all purchases, which are unlimited. Simple, right?

Then, if you are looking for simplicity, this card might be the one for you.

Also, there is 0% Intro APR on Balance Transfers and purchases in the first year after opening the account.

And, it has the feature everybody who travels and shops look for: no foreign transaction fee, a great deal for a Mastercard that is accepted everywhere.

So, after earning cash back, you can redeem it into travel, cash rewards, gift cards, and merchandise.

It offers car rental coverage and some access to upgrades on traveling, as well.

In addition, this card provides up to $600 telephone protection and ID theft protection. Plus, it allows you to pay bills with the contactless feature.

However, you may be able to find other options with a better percentage of rewards on the market.

Check out the pros and cons

So, what are the pros and cons? Source: Unsplash.
So, what are the pros and cons? Source: Unsplash.

Before applying for this credit card, look at the list of pros and cons we’ve made especially for you.

Maybe this card has all you want if you are looking for a reasonable reward program with no categories that structure different cash back percentages.

Furthermore, it doesn’t charge an annual or foreign transaction fee, and that is an advantage compared to other cards.

Finally, it promises everyday value, by providing partnerships and credit at some stores.

Pros

  • No annual fee
  • No foreign transaction
  • 0% Intro APR
  • Introductory cash back 
  • Simple cash back reward program
  • Mastercard Airport Concierge
  • ID theft protection and Telephone protection
  • Travel Accident Insurance and Car Rental Coverage
  • Contactless payment
  • Suitable with Digital Wallet

Cons

  • No sign-up cash bonus
  • No different and variable cash back categories 

Learn how good your credit score must be for application

If you got interested in applying for this credit card, you must know that it requires a minimum good credit score. 

See how to apply for an HSBC Cash Rewards Mastercard® credit card

The HSBC Cash Rewards Mastercard® credit card requires that you open an HSBC deposit account before applying for it. So, check out how to do it by reading our next post!

How to apply HSBC Cash Rewards Mastercard® card

The HSBC Cash Rewards Mastercard® credit card provides you with cash back and more. Check out how to apply for it!

About the author

Aline Augusto

My name is Aline Mesquita; I'm a writer here on the blog, where I write about finance in general and other subjects. I have been working with content creation for ten years. Also, I'm post-graduated in Project Management, with expertise in SEO practices. Currently, I am studying finance, market trends, and cryptocurrencies.

Reviewed by

Aline Barbosa

Senior Editor

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