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NerdWallet > Rewards Credit Cards > Household Bank Rewards MasterCards

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Household Bank Rewards MasterCards
HSBC Household+Bank+Rewards+MasterCards Credit Card

(3.5/5 - 171 Votes)
Net Annual Rewards
$393
Reward Rate
2.00%
Annual Fee
$0 or $39*
Signing Promo
None
APR, variable*
APR:
19.90%
Default:
29.49%
Cash Adv:
20.90%
Intro APR Promotions
Purchase:
0% for 9 mos
Transfer:
None
Summary
  • Earn points redeemable for 2% Cash Back for every dollar spent with this card
  • 0% Introductory APR on Purchases for 9 months and a Variable 19.90% APR thereafter
  • 24/7 Online Account access for easy and self-management of your account
  • The ability to set up email and text messages notifying you of your account status
  • Free online bill pay

Compare To Our Most Popular Cards For The Category

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Compare To Blue Cash Preferred℠ Card from American Express

Why do we think you should consider this card?

Earn $150 cash back after spending $1,000 in eligible purchases in the first 3 months of Cardmembership

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Reward Details & Calculator

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Rewards Type: None

Signing Promotion
$0
Estimated Annual Rewards
$21,600 * 2.00%
$432
Annual Fee, 2 yr avg
$39
Annual Rewards (Rewards less Fees)
$393

Details

  • Earn 2% on purchases
  • Annual fee is either $0 or $39 for the unsecured card
  • If you are instead approved for a secured card, the fee is $35
  • Earn 2 points for every $1 in net purchases charged to this card - cash back redemptions occur in increments of $25 for 2500 points, so this is effectively a 2% card

Calculate Interest & Finance Charges

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Use the sliders to the left to calculate balance transfer interest and APR interest for this particular card.

Finance Charge, Balance Transfer of $10,000*

Balance Transfer Fee, 5.0%
$500
APR, 24 months
$5,082
Total
$5,582

*Average APR for Balance Transfers of 22.4% includes transfer fees and APR promotions.

Effective Annual Rate, Purchases

Promo EAR, 9 months
0.00%
Ongoing EAR, 15 months
21.82%
Total EAR, 24 months
13.13%

APR Rankings

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APR
19.9%
ranks #1694 out of 1751 cards.
Average is 11.78%.
Balance Transfer Fee
5%
ranks #1600 out of 1639 cards.
Average is 1.67%.
Cash Advance APR
20.9%
ranks #514 out of 1002 cards.
Average is 18.74%.

Rewards Rankings

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Annual Fee
$39
ranks #1634 out of 1773 cards.
Average is $9.
Base Reward Rate
2%
ranks #5 out of 963 cards.
Average is 0.99%.
Effective Reward Rate
2%
ranks #5 out of 958 cards.
Average is 1.04%.
Sign-up Bonus
$0
ranks #1762 out of 1762 cards.
Average is $33.
Credit Card Review: Household Bank Rewards MasterCards


Author:
STEPHEN

This card is one of the best rewards cards out there. There are very few cards with 2% rewards rates to begin with, and out of that group most are run over the American Express or Discover networks, which are less widely accepted than Visa and MasterCard.

2% rewards cards over the Visa / MasterCard network
Besides this credit card, there is only one other credit card with 2% rewards that runs over the Visa/MasterCard network – the Capital One Venture Rewards card. We actually slightly prefer the Venture Rewards card over the Household Bank card for 2 reasons:

  1. The Venture card has no foreign transaction fee. This is awesome for overseas travel, saving you 3% relative to the Household Bank card.
  2. The Venture has lower fees. Venture’s $59 annual fee may appear higher than the Household Bank’s $39 annual fee. BUT- you get a $250 signing bonus and the Venture’s $59 fee is waived the first year. Taking these two things into consideration, it would take 16 years of annual fees before the Household Bank card becomes a better deal than the Capital One Venture card, purely in terms of fees.

Rewards and rewards redemption are straight forward
No complaints here – Every time you spend $1,250 you get 2,500 points and can get $25 mailed to you.

  • http://www.facebook.com/profile.php?id=711585227 Patrick Riley Connor

    This is a fantastic card, but probably doesn’t get the exposure it deserves on the NerdWallet page. Essentially, it’s only going to allow you to view the card if you mark an “excellent” credit rating, where HSBC (and by extension, Household Bank) caters to subprime lending. Case in point, I’m a college student earning $10.00 an hour with a very limited credit history, and I was approved for this card (along with the $0 annual fee, no less). Definitely a keeper in my book.

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