HSBC Cash Rewards MasterCard Credit Card Review

With this card, earning cash back is simple and rewarding, allowing you to effortlessly accumulate rewards while managing your expenses.

Introducing a dynamic credit card that brings excitement to everyday spending—the HSBC Cash Rewards MasterCard Credit Card. This card is designed to reward you generously for your routine purchases, offering competitive cash back rates on categories like groceries, dining, gas, and more.

What sets the HSBC Cash Rewards MasterCard Credit Card apart is its versatility and global acceptance. Powered by MasterCard, this card provides the security and convenience of a widely recognized payment network, ensuring that you can use it confidently wherever you go.

If you’re looking for a credit card that combines everyday convenience with exciting rewards, the HSBC Cash Rewards MasterCard Credit Card is the perfect choice to elevate your spending experience.

Earning rewards

The HSBC Cash Rewards Mastercard offers cash back rewards on everyday spending across three different shopping categories:

• 1.5% cash back: Earn this rate for every $1 spent on eligible online purchases, up to $6,000 per year*. After reaching the $6,000 threshold, cash back remains at 0.5%-1% for subsequent spending.
• 1% cash back: Receive this rate for every $1 spent at gas stations, grocery stores, and drugstores, with unlimited earning potential.
• 0.5% cash back: Earn this rate for every $1 spent on all other eligible purchases, excluding quasi-cash transactions like purchasing foreign currency or paying off debt.

This rewards structure makes it easy to accumulate cash back on a variety of everyday purchases, providing value and flexibility in earning rewards while managing your expenses efficiently.

Redeeming rewards

With the HSBC Cash Rewards Mastercard, redeeming cash back rewards is flexible and straightforward. Here’s how you can redeem your cash back:

1. Credit against your HSBC Cash Rewards Mastercard® statement: Apply your cash back directly to your credit card statement to reduce your balance or offset future purchases.
2. Deposit to your HSBC Savings Account: Opt to transfer your cash back rewards into your HSBC Savings Account for added savings or investment.
3. As an HSBC mortgage payment: Use your cash back to make payments towards your HSBC mortgage, helping to reduce your loan balance.

Remember, your cash back rewards don’t expire as long as your account remains open. However, if you decide to cancel your card, any accumulated cash back will be forfeited automatically.

Similarly, if HSBC cancels your account or terminates its rewards program, you’ll have 60 days to redeem your cash back.

Benefits of HSBC Cash Rewards MasterCard Credit Card

• No annual fees

The HSBC Cash Rewards Mastercard has no annual fee, making it a cost-effective choice for everyday spending without extra expenses. Enjoy the convenience and benefits of this card without worrying about annual fees, allowing you to maximize cash back rewards and manage your expenses efficiently.

• Welcome bonus

Exciting news for new cardholders! Earn an extra 10% cash back* on all purchases with the HSBC Cash Rewards MasterCard Credit Card. Plus, for the first 60 days, enjoy up to 11.5% cash back on eligible online purchases, 11% on gas, groceries, and drugstore purchases, and 10.5% on all other purchases. This special offer lets you maximize rewards with bonus cash back on top of your regular earnings. Start saving and earning rewards immediately with your new card!

• Mobile Device Insurance

The HSBC Cash Rewards Mastercard includes mobile device insurance, providing up to $1,000 in coverage for mobile devices purchased with the card if they are lost, stolen, or accidentally damaged. This coverage helps offset repair or replacement costs, offering peace of mind and added security for your smartphone or tablet investment.

• Purchase Assurance

The HSBC Cash Rewards Mastercard includes purchase assurance, offering 90-day coverage against loss, damage, or theft of eligible items purchased with the card. This valuable benefit provides added security for your purchases, reimbursing repair or replacement costs in case of unforeseen incidents within the first 90 days after purchase.

Credit Card HSBC Cash Rewards MasterCard Application Requirements

To apply for the Credit Card HSBC Cash Rewards MasterCard, ensure you meet the following requisites:

1. Credit Score: A good to excellent credit score is typically required for approval.
2. Income Verification: Prepare proof of a stable income to support your creditworthiness.
3. Legal Age: Applicants must be at least 18 years old.
4. Residential Status: You should be a U.S. resident with a valid address.
5. Identification: Have a valid government-issued ID, such as a driver’s license or passport.
6. Contact Information: Provide accurate contact details, including phone number and email address.

How to Apply for the Credit Card HSBC Cash Rewards MasterCard

Applying for a HSBC Cash Rewards MasterCard is easier than you think:

1. Go to the HSBC website and look for HSBC Cash Rewards MasterCard
2. Click on Apply Now
3. Read Terms and Conditions
4. Fill your personal and financial details
5. Submit your application

FAQs about Credit Card HSBC Cash Rewards MasterCard

Can international applicants apply for this credit card?

The Credit Card HSBC Cash Rewards MasterCard is typically available for U.S. residents. International applicants may need to explore other options.

How can I check the status of my credit card application?

You can check your application status by logging into your HSBC online account or by contacting customer service.

What security features does the card offer?

The Credit Card HSBC Cash Rewards MasterCard typically comes with advanced security features, including fraud protection and secure online transactions.

Please note that information provided here is subject to change, and it’s advisable to refer to the official HSBC website or contact customer service for the most up-to-date details.