HSBC Cash Rewards Mastercard® credit card
on HSBC's website
HSBC Cash Rewards Mastercard® credit card
Card details
Earn unlimited 1.5% cash rewards on all purchases.
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.
10% Anniversary Bonus on all Cash Rewards earned once a year.
No Annual Fee.
0% Intro APR for 12 months on purchases and balance transfers, then a 15.24%, 19.24% or 25.24% variable APR.
No Foreign Transaction Fees.
$0 liability for unauthorized purchases.
Terms Apply.
Rates, fees & offers
Annual fee
$0
Rewards rate
1.50%
Bonus offer
None
Intro APR
0% Intro APR for 12 months on purchases and balance transfers, then a 15.24%, 19.24% or 25.24% variable APR.
Ongoing APR
15.24%, 19.24% or 25.24% variable APR
Cash Advance APR: 27.24%, Variable
Balance transfer fee
4%
Foreign transaction fee
None
Recommended credit score
NerdWallet review
By Sara Rathner
Rating details
4.2
Editor's overall rating
Pros and cons
Pros
High rewards rate
No annual fee
0% Intro APR for 12 months on purchases and balance transfers, then a 15.24%, 19.24% or 25.24% variable APR.
No foreign transaction fee
Cons
Potentially complicated redemption
The HSBC Cash Rewards Mastercard® credit card earns 3% back on all purchases in your first year up to $10,000 spent. After that, it earns 1.5% back on everything.
Aside from that first-year promotional rewards rate, the card's distinguishing feature is the 10% anniversary bonus it offers each year. That boosts your overall rewards rate to an effective 3.3% back in the first year (up to the spending cap), and then 1.65% on everything else.
That's better than what you'd earn with even some of the best flat-rate cash-back credit cards available.
Also, the annual fee is $0.
Still, while the card offers multiple redemption options beyond just cash, its strings-attached quirks might give you some pause.
For more information, see NerdWallet's full review of this card.
NerdWallet reviews are the result of independent research by our editorial team while cardholder reviews are contributions from independent users not affiliated with NerdWallet. Banks, issuers and credit card companies are not responsible for any content posted on the NerdWallet site, nor do they endorse or guarantee any posted comments or reviews.
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