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Best HSBC Credit Cards

Best HSBC Credit Cards

*Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

This article was last updated Mar 10, 2020. Terms and conditions may have changed. For the most accurate information, please consult the issuer website.

HSBC is a global financial institution that serves more than 40 million customers in 64 countries and territories. In addition to checking, savings, mortgage, investing and insurance products, HSBC offers a variety of credit card products, including cashback, dining and travel rewards cards.

We highlight the pros and cons of several HSBC credit cards to help determine which card is best for you — based on how you plan to use the card.

Best HSBC cash back credit card: HSBC Cash Rewards Mastercard® credit card

The HSBC Cash Rewards Mastercard® credit card is ideal if you want a straightforward approach to earning cashback rewards. The card offers a flat rewards rate of unlimited 1.5% cash rewards on all purchases. Plus, cardholders earn an earn an introductory 3% cash back on all purchases in your first year, up to $10,000 in spend..

If you max out the introductory bonus by spending $10,000 on the card during the first 12 months, you’ll earn $300 cash back.

What else we like

If you plan to carry a balance on your HSBC Cash Rewards Mastercard® credit card or transfer a balance from a different card, you can do so without paying interest for a full year. The card offers an intro APR on purchases of 0% Introductory APR on credit card purchases for the first 12 months from account opening, then a regular APR of variable apr of 12.99% - 22.99% will apply after the introductory period applies. Additionally, the HSBC Cash Rewards Mastercard® credit card offers an intro APR on balance transfers of 0% Introductory APR on balance transfers for the first 12 months from account opening. Balance Transfers must be posted within the first 60 days following Account opening. , then a variable apr of 12.99% - 22.99% will apply after the introductory period APR applies.

Additional HSBC Cash Rewards Mastercard® credit card benefits:

  • $0 annual fee
  • 10% discount at onefinestay
  • MasterRental coverage
  • Mastercard Travel & Lifestyle Services
  • Complimentary ShopRunner membership
  • Postmates discount
  • Savings at Priceless Golf
  • Cellphone protection
  • Mastercard ID Theft Protection
  • Foreign exchange fee: None

What to look out for

Although the HSBC Cash Rewards Mastercard® credit card offers an extended introductory APR on balance transfers, a balance transfer fee of either $10 or 4%, whichever is greater, will apply on each balance transfer.

Best HSBC intro APR credit card: HSBC Gold Mastercard® credit card

Whether you’re planning to finance a large purchase and pay it off over time or want to transfer a high-interest balance from a different credit card, a credit card that offers a generous introductory APR may be your best bet.

The HSBC Gold Mastercard® credit card currently offers the longest intro APR on purchases and balance transfers among HSBC credit cards. Cardholders receive an intro APR of 0% Introductory APR on credit card purchases for the first 18 months from account opening on purchases, then a Variable APR of 12.99% - 22.99% will apply after the Introductory Period applies. The card also offers an intro APR on balance transfers of 0% Introductory APR on balance transfers for the first 18 months from account opening. Balance Transfers must be posted within the first 60 days following Account opening., then a Variable APR of 12.99% - 22.99% will apply after the Introductory Period applies.

What else we like

If you pay your HSBC Gold Mastercard® credit card bill late, HSBC will waive the late fee on one instance every 12 months — after that, the late payment fee will be up to $39.

Additional HSBC Gold Mastercard® credit card benefits:

  • $0 annual fee
  • Foreign transaction fees: None
  • Mastercard Airport Concierge
  • Access to Priceless Cities
  • Savings at Priceless Golf
  • Mastercard ID Theft Protection

What to look out for

The HSBC Gold Mastercard® credit card does not offer a rewards program. However, if you plan to take advantage of the card’s introductory balance transfer offer, we recommend paying off your balance transfer in full within the promotional period before focusing on earning card rewards.

Best HSBC dining credit card: HSBC Advance Mastercard® credit card

If you regularly dine out or attend entertainment events, you should consider a card that offers a generous rewards rate on those purchases, such as the HSBC Advance Mastercard® credit card.

Earn an introductory 3X points on dining and select entertainment purchases, plus 2X points on all other purchases in the first 12 months from account opening up to the first $25,000 in purchases. After the intro period ends, earn 2X rewards program points on new, net dining and select entertainment purchases and 1X points on all other purchases.

Points can be redeemed for travel, cash back, gift cards or merchandise.

What else we like

The HSBC Advance Mastercard® credit card offers a 0% Introductory APR for purchases for 12 months. After that, a regular APR of 16.49% or 20.49% variable applies. The card also offers a 0% Introductory APR on balance transfers for 12 months. Balance transfers must be posted within the first 60 days following account opening. Then a regular APR of 16.49% or 20.49% variable applies.

Additional HSBC Advance Mastercard® credit card benefits:

  • $0 annual fee
  • 10% discount at onefinestay
  • MasterRental Coverage
  • Mastercard Travel & Lifestyle Services
  • Complimentary ShopRunner membership
  • Postmates discount
  • Savings at Priceless Golf
  • Cellphone protection
  • Mastercard ID Theft Protection
  • Foreign transaction fees: None

What to look out for

To apply for the HSBC Advance Mastercard® credit card, you must have an existing U.S. HSBC Advance or Premier checking account.

Also, in order to take advantage of the promotional APR on balance transfers, keep in mind that the balance transfer must be posted to your account within the first 60 days of account opening.

Best HSBC travel credit card: HSBC Premier World Elite Mastercard® credit card

The HSBC Premier World Elite Mastercard® credit card offers the highest rewards rate among HSBC credit cards on travel purchases, including airfare, hotel stays and car rentals. Earn 3X rewards program points on new travel and 2X rewards program points on dining. Earn 1X point on all other net purchases.

Earn 50,000 Rewards Program Bonus Points worth $750 in airfare when booked online through HSBC Rewards, after spending $4,000 in the first three months of account opening.

What else we like

Along with a generous rewards rate on travel purchases, the HSBC Premier World Elite Mastercard® credit card offers a variety of travel benefits, including a $100 annual air travel credit, airport lounge access and discounts through Lounge Key and 10% off at Expedia, Agoda or onefinestay.

Additional HSBC Premier World Elite Mastercard® credit card benefits:

  • Up to $100 in statement credits annually for Uber and Lyft
  • Complimentary ShopRunner membership
  • Fandango rewards
  • Mastercard ID Theft Protection
  • Cellphone protection
  • Foreign transaction fees: None

What to look out for

The HSBC Premier World Elite Mastercard® credit card charges a hefty annual fee of $395, and you must be a U.S. HSBC Premier checking account holder to apply.

Which HSBC credit card should you choose?

Ultimately, the right HSBC card for you comes down to how you plan to use the card. For example, if you prefer earning cashback rewards over points or miles, the HSBC Cash Rewards Mastercard® credit card may be the best choice — though if you plan to carry a balance on your card, the HSBC Gold Mastercard® credit card may be a better fit.

U.S. HSBC Advance and Premier checking account holders may find the dining and travel rewards offered by the HSBC Advance Mastercard® credit card and the HSBC Premier World Elite Mastercard® credit card (respectively) beneficial.


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