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3.8/5.0 from 63 Offer Ratings
Over the Past 60 Days!
Foreign Transaction Fee None
Balance Transfer Fee Either $10 or 4%, whichever is greater, will apply on each balance transfer and credit card check.
Cash Advance Fee Either $10 or 4%, whichever is greater, will apply on each cash advance transaction.
Penalty APR 30.99%
Rewards Rate Unlimited 2% cash rewards on purchases made within 6 months of account opening, then 1.5% thereafter.
Annual Fee $0
$0 Fraud Liability Yes
Auto Rental Insurance Yes
Extended Warranty Program Yes
Roadside Assistance No
Purchase Protection Yes
Travel Assistance No
Flight Accident Insurance No
Lost Luggage Reimbursement No
Concierge Service No
The HSBC Cash Rewards Mastercard® credit card is an excellent cash back credit card with a number of rewarding benefits and perks. What makes this credit card unique is that it comes with two separate cash back intro bonuses allowing cardholders to earn a huge amount of rewards. For starters, you can earn a $150 cash rewards intro bonus after spending $500 in the first 3 months. While that's a fairly normal sign up bonus for a cash back card, the HSBC Cash Rewards Mastercard® credit card doubles down on cash rewards by offering unlimited 2% cash rewards on purchases made within 6 months of account opening, then 1.5% thereafter.. As if these great perks weren't enough, you also earn a 10% Anniversary Bonus on all Cash Rewards earned once a year. That can all help you rake in some serious cash back!
There is no annual fee with this card and no foreign transaction fees. You can use this card while traveling out of the country and not worry about getting hit with a pesky transaction fee for every purchase. In addition to the generous cash rewards, this card comes with a solid intro APR of 0% for 15 months on balance transfers. If you're carrying a balance on another card, transfer it to the HSBC Cash Rewards Mastercard® credit card and enjoy well over a year to pay your balance down interest free. It's important to note that a balance transfer fee does apply, but the money you save on interest during the intro period can easily cover the cost of the fee. Either $10 or 4%, whichever is greater, will apply on each balance transfer and credit card check. The APR for new purchases is 13.99%, 17.99% or 23.99% variable.
Overall the HSBC Cash Rewards Mastercard® credit card is a highly competitive cash rewards credit card that beats out many other cards with the duo of cash back intro bonuses. The card also comes with a nice intro APR and few fees making it a great fit for just about any consumer.
The HSBC Cash Rewards Mastercard® credit card can help you rack up big sums of cash back, especially in your first year. It's also a decent option for balance transfers.
We don't know of any other card that offers a $150 cash rewards intro bonus after spending $500 in the first 3 months in addition to an extra high cash back rate during the first 6 months. To top it off, you pay no annual fee and no foreign transaction fees.
There's no intro APR for purchases with the HSBC Cash Rewards Mastercard® credit card. Also, the balance transfer fee is a bit higher than some of other cards available.
Editorial Note: This content is not provided by HSBC. Any opinions, analyses, reviews, or recommendations expressed on this page are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by HSBC.
63 Total Ratings