If you’re looking for a card that’s going to give you major perks and help you with your existing credit card balances, an HSBC Cash Rewards MasterCard® Credit Card might be the answer for you. Just off the top, if you spend $2500 on the card in your first three months of use, you can get $150 cash back.
You can also transfer your existing credit card balances to the HSBC Cash Rewards card and not pay interest on those transfers for the first three months. Of course, rewards and balance transfers aren’t the only thing a person looks for when searching for a new credit card. You need to check out interest rates, annual fees and a host of other things.
Our editors have done some digging to give you some pertinent information about the HSBC Cash Rewards card. You should read all of the sections below to find out the benefits and costs of the card. Once you have weighed what the card has to offer against your lifestyle needs, you can make an informed decision about whether it is right for you.
What are the Benefits of the HSBC Cash Rewards MasterCard® Credit Card?
First of all, HSBC has some unbeatable introductory offers so let’s get into them. If you spend $2500 in the first three months of opening your account, you get $150 cash back which can be quite helpful if you’re in a crunch.
You can also enjoy 0% introductory APR on balance transfers for the first 15 months of opening your account. Not only that, you can forget about extra fees as there are no foreign transaction fees, no annual fees, and no fees for additional cardholders.
In terms of cash back, you’ll receive 1.5% cash back into your pocket on every purchase. This credit card comes with some fantastic cash back perks, too, such as a 10% Anniversary Bonus on all Cash Rewards earned each year. For instance, if you make $500 in Cash Rewards, you’ll receive an additional $50 as an Anniversary Bonus.
If you’re planning to travel you can take advantage of the travel perks that the HSBC Cash Rewards MasterCard® Credit Card has to offer as well? You can get up to $1 million in travel accident insurance, which will cover you in the event of an accident, lost luggage, or car rental breakdown.
The security of this HSBC credit card is top-notch. First of all, it is chip-enabled, providing secure checkout with the contactless payment feature. What’s more, you can make purchases using Google, Samsung, and Apple Pay.
Finally, the HSBC Cash Rewards MasterCard® Credit Card covers you for theft or damage of your purchased goods. You can also get a refund of the difference in case you see an item advertised for less within 60 days of purchase, and you get an extended warranty, which doubles your original warranty by up to 1 additional year.
What are the Fees and Charges of the HSBC Cash Rewards MasterCard® Credit Card?
All credit cards come with fees, and knowing about them is key before you apply for the card. Each person requires different things out of a credit card so examine the fees below and figure out what you can put up with.
- No annual fee
- APR for Purchases: 0% Introductory APR will apply for the first 12 months from account opening. After that, your APR will be 14.74%, 18.74%, or 24.74% based on your creditworthiness. This APRs will vary with the market based on the Prime Rate.
- APR for Balance Transfers: 0% Introductory APR will apply for the first 12 months from account opening. Balance transfers must be posted within the first 60 days following account opening. After that, your APR will be 14.74%, 18.74%, or 24.74% based on your creditworthiness. These APRs will vary with the market based on the Prime Rate.
- APR for Cash Advances: 26.74% *This APR will vary with the market based on the Prime Rate.
- Overdraft transaction: Either $10 or 4%, whichever is greater, will apply on the overdraft amount.
- Late payment fee: Up to $37
For more information about costs and other factors to consider, check out the HSBC Bank website.
How to Apply for the HSBC Cash Rewards MasterCard® Credit Card
Opening an HSBC credit card account is pretty straightforward and should only take you a few minutes if you are eligible. If you are opening a personal account, they will ask for your personal information such as your name, ID, address, taxpayer identification number, and date of birth. They may also ask you to provide proof of sufficient income in the form of pay-slips or tax documents.
To apply for the HSBC Cash Rewards MasterCard® Credit Card, simply visit the HSBC website and fill out the online application form with the required details mentioned above. Should your application be approved, HSBC will notify you about your credit limit, which is determined based on your income and credit rating.
If you are looking for a reliable credit card which not only offers unlimited cash back but also rewards you with other exclusive perks, the HSBC Cash Rewards MasterCard® Credit Card is a card you can consider. You can check out the HSBC website for more information and if you’re into what they have to offer and have the required document you can aply there too.
How to Contact HSBC Address & Contact Details
8 Canada Square, London E14 5HQ, United Kingdom
Telephone: 1-800.485.1794 for if you’re within the U.S. or Canada or 716.841.7141 if you’re from everywhere else
Note: There are risks involved when applying for and using a credit card. Please see the bank’s Terms and Conditions page for more information.