The information about the HSBC Cash Rewards Mastercard® credit card has been collected independently by moneysmylife. The card details have not been reviewed or approved by the card issuer.
The HSBC Cash Rewards Mastercard® credit card earns an introductory 3% Cash Back on all purchases in the first 12 months from account opening, up to the first $10,000 in purchases. That’s up to $300 Cash Back at the intro rate.
This card offers an ongoing 1.5% unlimited cash back rate on all purchases and no annual fee. There are no foreign transaction fees. A perk you won’t find in many other no annual fee cards.
One nice benefit is the Anniversary Bonus, where you’ll receive a bonus of 10% on all the Cash Rewards you’ve earned each year. With this extra 10% taken into account, you’ll essentially be getting 1.65% back on all your purchases.
*HSBC Bank offers great sign-up bonus offers for their Checking accounts as well. See the HSBC Bank offers page here.
3% Introductory Cash Back Offer
You’ll be able to earn up to $300 cash back (up to $10,000 in purchases) with the HSBC Cash Rewards Mastercard® credit card at the 3% introductory rate the first 12 months. The rate goes back to the ongoing 1.5% after the introductory period, or after you’ve earned $300 in cash back during that time.
Outside of everyday spending, here are some ideas to help meet that spending requirement:
Bottom Line
The HSBC Cash Rewards Mastercard® credit card isn’t as well-known as the big players in the cash back card category. It’s introductory 3% cash back and ongoing 1.5% cash back rate on all purchases is competitive. For a no annual fee card, it’s as solid a choice as any other Mastercard.
What’s The Competition?
CHASE FREEDOM UNLIMITED®
The Chase Freedom Unlimited® credit card has an offer for $200 bonus cash after you spend $500 on purchases in your first 3 months from account opening.
This card also earns 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and 1.5% on all other purchases.
The Chase Freedom Unlimited® earns Ultimate Rewards points. Points can be pooled with those from other eligible Chase cards, such as the Chase Sapphire Preferred® Card, Chase Sapphire Reserve® and Ink Business Preferred® Credit Card. More on this here.
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Editorial Disclaimer: Opinions expressed here are author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
Disclaimer: These responses are not provided or commissioned by the bank advertiser, credit card issuer, hotel, airline or other entity. Responses have not been reviewed, approved or otherwise endorsed by any of the entities included within the post. It is not the bank advertiser's or any other entity's responsibility to ensure all posts and/or questions are answered.