The HSBC Cash Rewards Mastercard® credit card hits many good marks as a cash back card: the earnings rate is comparable to similar cards, and the $ 0 Annual fee makes it easy to keep in your wallet for a long time.
But a few unique perks help this card stand out in a crowded field.
It offers the ease of a flat rate card with which you can earn the same amount of cashback everywhere – but you get a special promotional price in the first year. And unlike many other cash back cards, this one is doing well.
So make the most of it HSBC Cash Rewards Mastercard® credit card.
Maximize the introductory cashback rate
Instead of a traditional upfront sign-up bonus, the HSBC Cash Rewards Mastercard® credit card pays 3% cashback on the first $ 10,000 you spend in the first year you own the card. From that point on, you will receive unlimited 1.5% cashback on whatever purchases you make the gold standard among cash back flat rate cards.
At a 3% earnings rate, anyone who spends around $ 833.33 per month in the first year would get back $ 300 in cash.
“By planning major purchases within the first year of owning this card, you can maximize the initial cashback rate while staying within your budget.”
Of course, if your typical monthly expenses are less, then it’s not worth spending more than you normally would just to get extra money back. But what if you plan to make major purchases within the first year of purchase? HSBC Cash Rewards Mastercard® credit card, you can maximize the initial cashback rate while staying within your budget.
Take the card with you abroad
Usually, even the best cash back cards on the market are not ideal for international use because, unlike many travel reward cards, they tend to top up Foreign transaction fees between 3% and 5% on every purchase.
That can add up over the course of a trip abroad.
“The card is a solid travel companion with no foreign transaction fees and the worldwide acceptance of a Mastercard.”
But the HSBC Cash Rewards Mastercard® credit card is a solid travel companion without foreign transaction fees and the worldwide acceptance of a Mastercard. Take it with you on your next international trip.
Pair with another cash back card
If you want to keep it simple, it’s hard to beat the 3% cashback you would earn in the first year. But it can be worth pairing them up HSBC Cash Rewards Mastercard® credit card with an additional cash back card or two, especially if you’ve spent $ 10,000 in the first year.
After all, 1.5% cashback is good, but that’s still not the highest cashback rate.
Happy to use one card for everything? If you no longer deserve the higher cashback rate, you should Citi® Double Cash Card – 18 months BT offer. It earns 1% cashback when you spend it and 1% back when you pay your bill for a total of 2% cashback on all purchases. The annual fee is $ 0, but there is an overseas transaction fee so keep yours HSBC Cash Rewards Mastercard® credit card at hand when traveling internationally.
You want to earn more in the first year after the more HSBC Cash Rewards Mastercard® credit card? The Chase Freedom Flex℠ Earns 5% cashback on up to $ 1,500 in spending on quarterly bonus categories that change every three months (category activation required). In the past, categories included things like grocery stores, restaurants, and gas stations. So you could use that Chase Freedom Flex℠ when you shop in this quarter’s bonus category and the HSBC Cash Rewards Mastercard® credit card everywhere else. That Chase Freedom Flex℠ has an annual fee of $ 0 and offers this sign-up bonus: Earn a $ 200 bonus after spending $ 500 on purchases in the first 3 months of opening your account. But again, because they Chase Freedom Flex℠ charges a foreign transaction fee that HSBC Cash Rewards Mastercard® credit card can remain your loyal travel companion.
Would you like to pay an annual fee? If so, you can still earn more in certain expense categories while doing this HSBC Cash Rewards Mastercard® credit card everywhere else. Is groceries your biggest expense? The American Express Blue Cash Preferred® card earns 6% cashback in U.S. supermarkets with up to $ 6,000 in spend per year (1% thereafter). The conditions apply (see Prices and Fees). You deserve a Earn up to $ 350 on Bank Statements: Get 20% back on Amazon.com purchases, up to $ 200 back, within the first 6 months of card membership. Plus, get $ 150 back if you’ve spent $ 3,000 on purchases on the card within the first 6 months of your card membership. You receive cashback in the form of settlement credits. Conditions apply. The annual fee is $ 0 introduction for the first year, then $ 95. If you’d rather go out than stay at home, this Capital One® Savor® Cash Rewards Credit Card earns 4% cashback on restaurants, entertainment, and eligible streaming services and 2% back on grocery stores (great if you have the 3% cashback lead-in on the HSBC Cash Rewards Mastercard® credit card). New cardholders are entitled to this sign-up bonus: Earn a one-time cash bonus of $ 300 after spending $ 3,000 on purchases within the first 3 months of opening your account. The annual fee is $ 95.
Stick to the easiest and most valuable redemption: cashback
The HSBC Cash Rewards Mastercard® credit card offers more redemption options than some competing cards. In this case, however, “more” does not necessarily mean “better”.
“Additional redemption options make this card more flexible, but redeeming it for a bank statement balance is the easiest way to get added value from your rewards.”
As with most cash back cards, the easiest way to redeem this card is to get a credit.
You have other redemption options including things like travel, merchandise, or gift cards. But these redemptions generally give you less than full value for your rewards. Travel and goods, for example, offer values as low as 80 cents per dollar. For gift cards, it can be as low as 67 cents per dollar. Minimum payback thresholds may also be required for some of these options.
With this card, redeeming cashback in the form of a bank statement credit is really the easiest way to use your rewards. In addition, when travel points and miles are more in line with your speed, Travel award cards generally offer higher quality sign up bonuses and easier travel redemptions. The HSBC Cash Rewards Mastercard® credit card shines brightest as a cash-back product.
For even more cash-back flexibility, become a loyal HSBC customer
Do you prefer your cashback in the form of cash? If you have an authorized HSBC savings or current account for consumers, you can redeem rewards as a direct deposit.
But the ability to get cash back in two ways is a nice added perk to banking and a credit card with HSBC.
To get prices and fees of the. to display American Express Blue Cash Preferred® card, see this page.