HSBC Cash Rewards Mastercard® credit card review

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Advertiser Disclosure

Interest Rate: Purchases
15.24% ‐ 25.24% (Variable) (0% for the first 12 months)
Balance Transfer
15.24% ‐ 25.24% (Variable) (0% for the first 12 months)
Rewards
1.5% cashback
Signup Bonus
-


8.6/10
Informr score
The HSBC Cash Rewards Mastercard® credit card currently has an Informr score of 8.6 out of 10. This score is based on our evaluation of 17 sources including reviews from users and the web's most trusted critics.

What's good

  • Cash Back
  • No annual fee
  • No foreign transaction fee
  • Anniversary Bonus
  • Sign Up Bonus
  • 0% Introductory APR
  • Mobile banking
  • $0 liability for unauthorized purchases

What's bad

  • Relatively high spending requirement for signup bonus
  • High regular APR
  • High fees
  • Mediocre cash back rate

Am I eligible?


HSBC Cash Rewards Mastercard® credit card is typically available to those with good credit scores (650 or greater).
To get this card, you must also:
Yes Be a permanent or temporary resident of USA

Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.

What the Critics Are Saying...


Cardcruncher

A mediocre cash-back rate and sign up bonus make the HSBC Cash Rewards Mastercard® a difficult card to recommend, compared to other flat-rate cash-back cards.

- Cardcruncher
CreditDonkey

The HSBC Cash Rewards Mastercard is a very worthy contender among the 1.5% cash back cards. The 10% anniversary bonus each year even puts it ahead of the competition from a rewards perspective. And the no foreign transaction fee is a great benefit for the occasional travelers. However, if you're a h...

- Anna G, CreditDonkey
CreditCards.com

Less well-known than other 1.5 percent cash back cards from bigger banks, the HSBC Cash Rewards Mastercard stands out from its competitors with a solid 10 percent anniversary bonus that can substantially boost cardholders’ earnings.

- Kelly Dilworth, CreditCards.com
Credit Cards Explained

The HSBC Cash Rewards Mastercard is the rewards card that has stayed a little under the radar. However, it should start receiving strong consideration. It’s generous introductory 3% cash back bonus, simple purchases rewards, and no annual fee make it a great option.

- Sean Bryant, Credit Cards Explained
LendEDU

The HSBC Cash Rewards Mastercard has some attractive features, including an anniversary cash back bonus, no annual fee, and unlimited rewards. But if you’re willing to spend the time to keep track of rotating bonus categories, you’re likely to earn more rewards with another cash back card.

- Ashley Sutphin Watkins, LendEDU

Details


Interest Rates
Regular APR Interest Rate 15.24% ‐ 25.24% (Variable) (0% for the first 12 months)

This APR will vary with the market based on the Prime Rate.

Balance Transfer Interest Rate 15.24% ‐ 25.24% (Variable) (0% for the first 12 months)

This APR will vary with the market based on the Prime Rate.

Cash Advance Interest Rate 27.24% (Variable)

This APR will vary with the market based on the Prime Rate.

Rates & Fees
Annual Fee $0.00
Balance Transfer Fee 4%

Minimum of $10

Cash Advance Fee 4%

Minimum of $10

Foreign Transaction Fee $0.00
Over Limit Fee $0.00
Late Payment Fee $37.00

Maximum

Promotions
Sign up bonus

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.

Rewards
All Purchases 1.5% cash back
Restaurants No
Gas No
Groceries No
Hotels No
Travel No
Pharmacy No
Bills No
Additional Details

10% Anniversary Bonus on all Cash Rewards earned each year.

Features & Benefits
Additional Card Holders Yes
Travel Accident Insurance Yes
Car Rental Insurance Yes
Car Rental Discount No
Extended Warranty Yes
Purchase Protection Yes
Zero Liability Yes
No Foreign Transaction Fees Yes
Emergency Assistance No
Concierge Service Yes
Price Protection Yes
Fraud Protection Yes
Free Credit Scores No
Wireless Payments Apple Pay, Samsung Pay, Android Pay
Additional Benefits

Roadside Assistance

Eligibility
Minimum Security Deposit $0
Minimum Age 18
Minimum Personal Income
Temporary Residents No
More
Additional comments
Terms & Conditions Official Terms & Conditions
Suggest a correction

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Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.

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Critic Reviews


Cardcruncher

Mediocre cash back rate

A mediocre cash-back rate and sign up bonus make the HSBC Cash Rewards Mastercard® a difficult card to recommend, compared to other flat-rate cash-back cards.

Read full review

A mediocre cash-back rate and sign up bonus make the HSBC Cash Rewards Mastercard® a difficult card to recommend, compared to other flat-rate cash-back cards.

Read full review

Less

CreditDonkey

A simple card with unlimited 1.5% cash back and 10% anniversary bonus

from CreditDonkey

The HSBC Cash Rewards Mastercard is a very worthy contender among the 1.5% cash back cards. The 10% anniversary bonus each year even puts it ahead of the competition from a rewards perspective. And the no foreign transaction fee is a great benefit for the occasional travelers. However, if you're...More

The HSBC Cash Rewards Mastercard is a very worthy contender among the 1.5% cash back cards. The 10% anniversary bonus each year even puts it ahead of the competition from a rewards perspective. And the no foreign transaction fee is a great benefit for the occasional travelers. However, if you're a heavy spender or frequent traveler, there are other credit cards that could give you bigger rewards.

Read full review

Less

CreditCards.com

Reliable cash back rate

from CreditCards.com

Less well-known than other 1.5 percent cash back cards from bigger banks, the HSBC Cash Rewards Mastercard stands out from its competitors with a solid 10 percent anniversary bonus that can substantially boost cardholders’ earnings.

Read full review

Less well-known than other 1.5 percent cash back cards from bigger banks, the HSBC Cash Rewards Mastercard stands out from its competitors with a solid 10 percent anniversary bonus that can substantially boost cardholders’ earnings.

Read full review

Less

Credit Cards Explained

Perfect for someone that wants a straightforward rewards program

from Credit Cards Explained

The HSBC Cash Rewards Mastercard is the rewards card that has stayed a little under the radar. However, it should start receiving strong consideration. It’s generous introductory 3% cash back bonus, simple purchases rewards, and no annual fee make it a great option.

Read full review

The HSBC Cash Rewards Mastercard is the rewards card that has stayed a little under the radar. However, it should start receiving strong consideration. It’s generous introductory 3% cash back bonus, simple purchases rewards, and no annual fee make it a great option.

Read full review

Less

LendEDU

Attractive unlimited cash reward rate on all purchases

from LendEDU

The HSBC Cash Rewards Mastercard has some attractive features, including an anniversary cash back bonus, no annual fee, and unlimited rewards. But if you’re willing to spend the time to keep track of rotating bonus categories, you’re likely to earn more rewards with another cash back card.

Read full review

The HSBC Cash Rewards Mastercard has some attractive features, including an anniversary cash back bonus, no annual fee, and unlimited rewards. But if you’re willing to spend the time to keep track of rotating bonus categories, you’re likely to earn more rewards with another cash back card.

Read full review

Less

NerdWallet

A pretty good choice as an everyday, top-of-wallet card

from NerdWallet

The card retained a distinguishing feature during that revamp: an anniversary bonus, offered each year, which boosts your overall rewards rate beyond what you'd earn with even some of the best flat-rate cash-back credit cards on the market. The card offers multiple redemption options beyond just...More

The card retained a distinguishing feature during that revamp: an anniversary bonus, offered each year, which boosts your overall rewards rate beyond what you'd earn with even some of the best flat-rate cash-back credit cards on the market. The card offers multiple redemption options beyond just cash, but its strings-attached quirks might give you some pause. 

Read full review

Less

AskSebby

A good starter card

Unless you're going after cards for the $150 signup bonus, there are better cash back cards out there. For example, the Citi Double Cash card earns 2% cash back on all purchases, which is better than the 1.65% with the HSBC card. The HSBC Cash Rewards card is a good option as a starter card, but...More

Unless you're going after cards for the $150 signup bonus, there are better cash back cards out there. For example, the Citi Double Cash card earns 2% cash back on all purchases, which is better than the 1.65% with the HSBC card. The HSBC Cash Rewards card is a good option as a starter card, but it's hard to get good value in the longterm if you want to travel.

Read full review

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Finder

A simple rewards card with no annual fee

The HSBC Cash Rewards offers solid cash back: unlimited 1.5% cash back rewards on all purchases. Unfortunately, you get a intro APR on balance transfers — albeit one that lasts a solid first 15 months from account opening — only. However, the Cash Rewards card redeems itself with a good signu...More

The HSBC Cash Rewards offers solid cash back: unlimited 1.5% cash back rewards on all purchases. Unfortunately, you get a intro APR on balance transfers — albeit one that lasts a solid first 15 months from account opening — only. However, the Cash Rewards card redeems itself with a good signup bonus, no foreign transaction fees, solid travel and shopping benefits and a 10% bonus on cash back you earn each year.

Read full review

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Get.com

A solid cash back credit card with a good bonus offer

from Get.com

If you want a hassle-free cash back card with useful insurance coverage and other benefits with a $0 annual fee, HSBC Cash Rewards Mastercard® credit card may be the card for you.

Read full review

If you want a hassle-free cash back card with useful insurance coverage and other benefits with a $0 annual fee, HSBC Cash Rewards Mastercard® credit card may be the card for you.

Read full review

Less

ValuePenguin

A great cash back rewards credit card

from ValuePenguin

The recently released HSBC Cash Rewards Mastercard® is a very good cash back credit card and worth your consideration. The 10% anniversary bonus puts this card above most of the other cards in the 1.5% cash back category. 

Read full review

The recently released HSBC Cash Rewards Mastercard® is a very good cash back credit card and worth your consideration. The 10% anniversary bonus puts this card above most of the other cards in the 1.5% cash back category. 

Read full review

Less

User Reviews


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