HSBC Cash Rewards Mastercard® credit card

HSBC Cash Rewards Mastercard® credit card

on HSBC's secure website

HSBC Cash Rewards Mastercard® credit card

HSBC Cash Rewards Mastercard® credit card

HSBC Cash Rewards Mastercard® credit card

on HSBC's secure website

Card details

  • Earn unlimited 1.5% cash rewards on all purchases.

  • Earn a $150 cash rewards intro bonus after spending $500 in the first 3 months.

  • 10% Anniversary Bonus on all Cash Rewards earned once a year.

  • No Annual Fee.

  • 0% Intro APR for 15 months on balance transfers, then a 14.74%, 18.74% or 24.74% variable APR.

  • No Foreign Transaction Fees.

  • $0 liability for unauthorized purchases.

  • Terms Apply.

  • View Rates and Fees

Rates, fees & offers

  • Annual fee

    $0

  • Rewards rate

    1.50%

  • Bonus offer

    $150 Cash Back Intro Bonus for new HSBC Cash Rewards Mastercard® credit card customers who spend $500 or more in new, net card purchases during the first 3 months from credit card account opening.

  • Intro APR

    0% Intro APR for 15 months on balance transfers, then a 14.74%, 18.74% or 24.74% variable APR.

  • Ongoing Apr

    14.74%, 18.74% or 24.74% variable APR

    Cash Advance APR: 26.74%, Variable

  • Balance Transfer Fee

    4%

  • Foreign Transaction Fee

    None

Recommended credit score

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NerdWallet Review

By Sara Rathner

Rating Details

4.1

Editor's overall rating

Pros and Cons

Pros

  • High rewards rate

  • No annual fee

  • 0% Intro APR for 15 months on balance transfers, then a 14.74%, 18.74% or 24.74% variable APR.

  • No foreign transaction fee

Cons

  • No intro APR period on Purchases

  • Potentially complicated redemption

The HSBC Cash Rewards Mastercard® credit card earns an unlimited 1.5% cash back on all purchases, which is competitive in its category. But the card's distinguishing feature is the 10% anniversary bonus it offers each year, which boosts your overall rewards rate to an effective 1.65% on everything you buy.

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.

Unlike some of its competitors, though, this card is not a good choice for financing a large initial purchase, nor is it the best deal for balance transfers. And 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.

User Reviews

Rating Details

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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