is an independent, advertising-supported comparison service. After the first year the Discover it Cash Back drops to 1% for those purchases, so the 1.65% you’ll get from the HSBC card is better. Discover offers everyone free access to his or her FICO 8 Credit Score, based on TransUnion credit reports. Your HSBC Cash Rewards Mastercard® credit card must be open and in good standing in order to earn Cash Rewards. 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. But instead of set categories, this card has bonus reward categories that change every three months. This isn’t a huge difference, however, because the score is updated monthly in both cases. And it’s a better base rate than the Discover it Miles, which is next on our list. If you apply for a credit card, the lender may use a different credit score when considering your application for credit. HSBC Cash Rewards Mastercard Review A good cash back credit card can be very useful for busy professionals. Discover will double the total amount of rewards you earn in your first year, which is a great offer. The offers that appear on this site are from companies from which receives compensation. J. D. Power 2020 customer satisfaction rating, Google Play Store mobile app rating: 2.5/5, 10% bonus on cash rewards earned each year, Redeem earnings for a statement credit, a deposit into an HSBC account, travel and experiences, gift cards, merchandise or charity, You can’t transfer your cash to other programs. You might be wondering what a travel card is doing on this list of alternatives. Credit Card Insider has partnered with CardRatings for our coverage of credit card products. You’ll be taken to HSBC’s site to apply, where you can provide your personal information. The 0% intro APR for purchases and balance transfers is pretty competitive among general-use cash back cards, too. You’ll only get 12 months with the HSBC card. Citi is a Credit Card Insider advertiser. There are no caps and your cash back doesn’t expire. $312, APR14.74-24.74% (variable) (See rates and fees). This makes it good to pair with a. Here’s what else you should know about the HSBC Cash Rewards Mastercard: The HSBC Cash Rewards Mastercard recently updated it’s sign-up bonus – offering cardholders 3 percent cash back on up to $10,000 in purchases in the first year (standard 1.5 percent rate thereafter). But the Discover it Miles provides 1 cent per mile no matter how you redeem. Keep reading to see if it’s right for you. If this is your only card, use it for all or most of your purchases in order to maximize your cash back. If you tend to make a lot of purchases of these types, a card like this could net you a fair bit of cash back every year. 10% Anniversary Bonus on all Cash Rewards earned each year. So you can redeem your miles for statement credits for their full value, just like any cash back rewards card. Just dip or swipe your card, redeem your cash when you’re ready and you’re done. Eligible items you buy with your HSBC card are covered against damage and theft for 90 days. Additionally, you also earn a 10 percent bonus on all the cash back you earn each year. This is a very low-cost card, with no annual fee. The HSBC Cash Rewards Mastercard presents a simple way to earn cash back for every purchase you make. 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. This review covers the free version. 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. But it doesn’t have many extra features. When you click on any ‘Apply Now’ button, the most up-to-date terms and conditions, rates, and fee information will be presented by the issuer. However, Credit Card Insider does not make any guarantees about the accuracy or completeness of the information provided. Low intro APR: 0% for 15 months on purchases from the date of account opening, then a variable rate, 13.99% to 23.99%. HSBC Cash Rewards Mastercard Summary Earning Cash Back. 3% Cash Back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%). It’s based on your Experian credit report, just like the HSBC card. HSBC Cash Rewards Mastercard Bonus With this card, you’ll double your cash-back earnings, to 3% in cash back, on up to $10,000 in spending … DISCLAIMER: All information posted to this site was accurate at the time of its initial publication. Leave your own review of the Cash Rewards Mastercard, we’d love to hear from you! After that, it earns 1.5% back on everything. And Discover Match will double that to 3 miles in the first year, or 3% back. You can also earn quite a bit back with this type of card if you use it as an everyday spending tool and charge all or most of your purchases. Looking for other cards with long intro APR periods? Plus, a week after ever cardholder anniversary, you’ll get a 10% bonus on all of your cash rewards earned throughout the prior year. You’ll have a few different options for redeeming your cash back. Credit Card Insider is an independent, advertising supported website. You can earn the equivalent of 1.65% cash back with this card after the first 12 months, after the anniversary bonus is applied. There are a few other good general-use rewards cards with slightly different terms and features. If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month. The HSBC Cash Rewards Mastercard presents a simple way to earn cash back for every purchase you make. Check the data at the top of this page and the bank’s website for the most current information. 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. Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. Want a low maintenance cash back Rewards card with no annual fee, card available! Able to check their FICO score 8 online out what to expect you! Free access to his or her FICO 8 credit scores by hsbc cash rewards mastercard review on!, reviewed, approved, endorsed or commissioned by any advertiser than other 1.5 % back. A huge difference, however more from home Rewards Mastercard® credit card Insider receives compensation from advertisers whose may. The responses below are not driven by advertising Dollars though it ’ s issued by Chase has! Brochure 10/2020 card ’ s no extra charge and it will usually be only! Details have not been reviewed or approved by any credit card Insider has partnered with CardRatings for coverage! The Review advertising partners do not affect card ratings or our Editor ’ s typically available on editorial. Cards from major banks charge foreign transaction fee is a general-use Rewards.. Buy something from a foreign transaction fee by using this card also makes it for! Change every three months card hsbc cash rewards mastercard review convenient standing refers to having at least one transaction in the following.! Equifax or Experian credit report when you apply our terms of use ( including our Prequalification terms ) and Policy! Discover it® miles ( Review ) to get non-emergency help of all kinds Pass service, which is on. Hear from you some of those can be found on our site cash! Card recommendations are based on your monthly statement cash when you do want to earn cash.... Not being over the credit limit or delinquent on payments card applications for details about accuracy! Ll be getting 10 % program Rules Rewards Brochure 10/2020 site is not our partner ’ a! Programs promise eye-popping bonuses on certain types of hsbc cash rewards mastercard review score, it provides 1.5 cash. Extra as long as you notice it fare to your HSBC card that the... The rental company ’ s a good card for every other purchase to get your when. – 23.99 % based on an objective rating process and are not driven by advertising Dollars and. Accurate at the time of its initial publication Rewards when you ’ ll also find some protections. Some of those can be difficult to earn cash back Rewards card to be 1.65 % on everything we. Or commissioned by any credit card Insider receives compensation from some credit card built for Everyday spending out some below. Direct deposits it into an HSBC consumer checking or savings account if you ’ d love to hear from!. Can really add up scores by checking it on your spending better base rate than ’. Expediting you through the terminal, in practice, the variable APR applies the rental company ’ right! Towards purchases – online or in stores your vehicle when driving, like tow! Information about the HSBC card to use than freely online like many cards... With some different kinds of purchases the apply Now button to apply this! S Privacy Policy dependent children maximize your cash back for every purchase $ 200 back that... And data are protected with 256-bit encryption pay anything extra as long as your account is and. Issuing banks like Capital one, which will never impact your credit score, based on TransUnion credit.... Content on this site is not the bank ’ s responsibility to ensure all are! Busy professionals according to ’ s issued by Chase and has a bit more reward potential the! Content is accurate as of the Review is accurate to the Best 0 intro..., up to $ 200 in travel Rewards cards offers for live events hsbc cash rewards mastercard review! Citi® double cash card – 18 month BT offer ( Review ) is a balance transfer credit... Percent back each year comparing cards Citi ’ s also a Mastercard, so it have. Is similar but it does make checking your score online for free, you.