Since these cards have different rewards programs, a good strategy could be using them both together. Your credit cards journey is officially underway. This offer is no longer available on our site. You want a low maintenance cash back card that earns the same rate on every purchase. Meanwhile, the HSBC card’s highest APR maxes out at 24.74 percent (variable), which is high, but better than what many competitors charge. It’s based on your Experian credit report. The 5% cash back calendar for the Discover it Cash Back for 2021 is: The changing categories are much different than the 1.65% back for every purchase you get with the HSBC Cash Rewards. The HSBC +Rewards Mastercard offers a standard low-interest rate of 11.9% on purchases, balance transfers and cash advances. However, we do receive compensation when you click on links to products from our partners. This service is not available outside the U.S. Keep tabs on one of your FICO 8 Credit Scores by checking it on your monthly statement. Looking for other cards with long intro APR periods? This card has an annual fee of $95 (Rates & Fees), but for that price you’ll get: The Blue Cash Preferred would also work well along with the HSBC card. This offer is no longer available on our site. It offers more cash back than most cards of this type, with: Most general-use rewards cards offer about 1.5% cash back, but this card has them beat. So, stick with statement credits or direct deposits to get your cash back. The Chase Freedom Unlimited® (Review) is similar to the HSBC card in that it offers 1.5% for non-category purchases, but it has more to offer. CreditCards.com is an independent, advertising-supported comparison service. With the Discover it Cash Back you’ll need to think about which purchases you’ll currently get 5% cash back for at any given time. For best results, maximize your spending during the first year to capitalize on the 3% bonus cash rate, and take advantage of the 12-month, 0% APR promotion if your situation warrants. Instead of a set amount of cash back for every purchase, this card has bonus reward categories. The HSBC Cash Rewards Mastercard doesn’t get as much attention as better-known competitors, such as the Capital One Quicksilver Cash Rewards Credit Card or Chase Freedom Unlimited. Credit Card Insider receives compensation from advertisers whose products may be mentioned on this page. This effectively boosts the card’s reward rate up to 3.3% on purchases up to $10,000 for the first year, and then 1.65% afterward. Leave your own review of the Cash Rewards Mastercard, we’d love to hear from you! But keep up on your payments every month or you’ll lose that intro rate. The HSBC Premier Mastercard is issued by HSBC. 3% cash back on all purchases in first 12 months of account opening (up to $10,000 in purchases), Average Yearly Rewards Value ($1,325 monthly spend) About the HSBC Premier credit card. The first is similar but it’s issued by Chase and has a different set of rotating bonus categories. The HSBC Cash Rewards Mastercard® credit card is a good option if you’re looking to dip your toe into the cash back world with a solid card that can earn you rewards on your everyday spending — particularly if you already have a banking relationship with HSBC Bank. 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. After that, it earns 1.5% back on everything. This review covers the free version. By providing my email address, I agree to CreditCards.com’s The HSBC Cash Rewards Mastercard presents a simple way to earn cash back for every purchase you make. Citi cardholders can also access the Citi Easy Deals shopping portal, where you can find discounts on some products and at some retailers. Considering that most credit cards charge a 19.99% rate or higher, this card can save you a lot of money over time if you carry a balance. You want to earn an extra 10 percent back each year. The 3% cash back introductory rate lets you earn much more generously than usual during your first year as a cardholder. The hook for this card is a 12-month introductory period of 3% cash back rewards along with an introductory 0% APR offer for both new purchases and balance transfers. CreditCards.com does not include the entire universe of available financial or credit offers. So you’ll need to have a decent credit history and financial situation to improve your odds of being approved. You’ll also receive a 10% bonus on all the cash back you earn each year, within seven days after your account anniversary. If this is your only card, use it for all or most of your purchases in order to maximize your cash back. This card is rated for good credit. HSBC Cash Rewards Mastercard Bonus With this card, you’ll double your cash-back earnings, to 3% in cash back, on up to $10,000 in spending … But instead of set categories, this card has bonus reward categories that change every three months. The Blue Cash Everyday has superior benefits compared to the HSBC card. It’s better than the 1.65% equivalent you’ll get with the HSBC card, after the 10% bonus. There are two versions of the card. Max out the spend cap in the first year to boost rewards with the higher rate. Provides pre-trip planning and help with travel emergencies. Call 1-800-Mastercard if you need help with your vehicle when driving, like a tow truck or flat tire change. Acrescente a taxa de juros de 0% nas compras nos primeiros 12 meses e você poderá extrair muito valor desse cartão, especialmente no primeiro ano. Most travel cards make you redeem for travel expenses if you want to get the best value. Or, if you’re pairing this card with other higher earning rewards cards, use this card to pay for any purchase that doesn’t earn a higher rate on one of your other cards. You’ll always earn your 1.5 cash back bonus, no matter what you buy or when you buy it. HSBC Cash Rewards Mastercard® credit card Review This card comes with a nice intro earning opportunity of 3% on purchases up to $10,000 spent in your first year. This compensation may impact how and where products appear on this site, including, for example, the order in which they appear within listing categories. Keep an eye on your inbox—we’ll be sending over your first message soon. You’ll also get a few other standard benefits. For example, you can pair this card with higher maintenance rewards cards that offer bigger bonuses on certain types of purchases, but only offer 1 percent back on general purchases. Since this is a Mastercard with no foreign transaction fees, it’s a good choice for spending outside the country. Privacy Policy, Essential news and expert tips in your inbox every week. Your HSBC Cash Rewards Mastercard® credit card must be open and in good standing in order to earn Cash Rewards. So even though it’s technically a travel card, you can use the Discover it Miles like any other rewards card. Just be sure to report any unauthorized activity as soon as you notice it. These terms allow CreditCards.com to use your consumer report information, including credit score, for internal business purposes, such as improving the website experience and to market other products and services to you. And 2% back for every other purchase you make in the first year, which is better than the HSBC card. Plan It® gives the option to select purchases of $100 or more to split up into monthly payments with a fixed fee. Reasonable efforts are made You’ll have a few different options for redeeming your cash back. But it does make checking your score with the Amex card more convenient. You need to have an HSBC Advance Bank Account (or have paid a total of £1750 a month into an HSBC … And you’d better like bonuses because HSBC Cash Rewards has a few. There are only some basic shopping and travel protections available. That’s especially true if you don’t want to deal with the hassle of figuring out which card to use for which bonus reward category. If you're a heavy spender or frequent traveler, there are … You’ll need to decline the rental company’s own insurance or damage waiver in order for this to apply. Advertiser relationships do not affect card ratings or our Best Card Picks. DISCLAIMER: All information posted to this site was accurate at the time of its initial publication. Eligible items you buy with your HSBC card are covered against damage and theft for 90 days. Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. Take advantage of the 3% introductory bonus reward rate and earn extra cash on your first $10,000 in purchases throughout your first year as a cardholder. HSBC Cash Rewards Mastercard® credit card review: Generous cash rewards with practical perks A solid welcome bonus. Credit Card Insider receives compensation from some credit card issuers as advertisers. See your unique approval odds listed next to cards on our site. Here’s what else you should know about the HSBC Cash Rewards Mastercard: The HSBC Cash Rewards Mastercard recently updated it’s sign-up bonus – offering cardholders 3 percent cash back on up to $10,000 in purchases in the first year (standard 1.5 percent rate thereafter). Other cashback credit cards offer enticing cash bonuses to new cardmembers, which can be a tempting carrot when you’re comparing cards. Additionally, you also earn a 10 percent bonus on all the cash back you earn each year. This benefit will double the item’s warranty, up to a maximum of 12 additional months. The sign-up bonus is just so so. Either $10 or 4%, whichever is greater, will apply on each balance transfer and credit card check. And Discover Match will double that to 3 miles in the first year, or 3% back. And you won’t necessarily get the full value of your rewards when you do. J. D. Power 2020 customer satisfaction rating, Google Play Store mobile app rating: 2.5/5, 10% bonus on cash rewards earned each year, Redeem earnings for a statement credit, a deposit into an HSBC account, travel and experiences, gift cards, merchandise or charity, You can’t transfer your cash to other programs. Or, if you don’t mind taking the time to strategize and maximize your purchases, you could really turbocharge your earnings by pairing this card with a card that offers higher returns on certain purchases. Review: HSBC Cash Rewards Credit Card. You must charge the entire fare to your HSBC card to be eligible. And Discover offers everyone, cardholder or not, the ability to check their FICO Score 8 online. All reviews are prepared by CreditCards.com staff. See the online credit card applications for details about the terms and conditions of an offer. Furthermore, there are no foreign transact You can also get an enhanced version of the Blue Cash Everyday, the Blue Cash Preferred® Card from American Express (Review). The cash back rebate option is 25,000 points for a $75 statement credit. Learn the difference between networks like Visa and issuing banks like Capital One, which banks are biggest, and more. HSBC Cash Rewards Mastercard Review A good cash back credit card can be very useful for busy professionals. Content is accurate to the best of our knowledge when it's published. However, your score will only be reported on your monthly statement, either digital or mailed. 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