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  HSBC Cash Rewards Mastercard Credit Card

HSBC Cash Rewards Mastercard Credit Card

in Personal Credit Cards from HSBC Bank USA

Claimed Special OffersPromo Offer Available!

HSBC Cash Rewards Mastercard Credit Card

Claimed Special OffersPromo Offer Available!

in Personal Credit Cards from HSBC Bank USA

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Highlights
Highlights
Purchase APR  (Variable APR) 12.99% - 22.99%
Balance Transfer APR  (Variable APR) 12.99% - 22.99%
Credit Score Range 660 - 850
Annual Fee $0

HSBC Cash Rewards Mastercard Credit Card Review

HSBC Cash Rewards Mastercard Credit Card is a cashback credit card issued by HSBC Bank USA. If you're wondering whether HSBC Cash Rewards Mastercard Credit Card is the right card for you, read on. This is everything you need to know to make a good choice.

Key Takeaways
  • Generous reward rate. You will get a cashback rewards rate of up to 3%.
  • Earn 3% cash back on everyday purchases. This is higher than the average reward rate (1% cash back) for everyday purchases.
  • 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 12 months, which is the average period for 0% APR balance transfer cards.
  • 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 12 months.
  • Competitive APRs. HSBC Cash Rewards Mastercard Credit Card has a variable purchase APR that ranges from 12.99% up to 22.99%.
  • No annual fee. This is a great option for people looking for a low-maintenance rewards card. It gives you rewards on your purchases, but you don't have to pay an annual fee for the privilege.
  • 4% Balance transfer fee. HSBC Cash Rewards Mastercard Credit Card charges a fee of up to 4% on balance transfers. For example, a balance of $1,000 could cost up to $40 in transfer fees. The minimum fee is $10.
  • $0 foreign transaction fee. This card does not charge foreign transaction fees, which makes a great credit card to carry with you when traveling abroad.
  • Multiple credit card benefits. Includes generous credit card perks, such as access to a concierge, and fraud protection.
  • Fair or better credit required. You stand a chance of qualifying if your credit score is not below 660.
HSBC Cash Rewards Mastercard Credit Card Pros & Cons
The Good The Bad
  • No foreign transaction fees.
  • 3% introductory cash back on all purchases for the first 12 months (up to the first $10,000 in purchases) 1.5% unlimited cash back on every dollar thereafter.
  • 0% introductory APR on purchases and balance transfers for the first 12 months.
  • 10% Anniversary Bonus on all Cash rewards earned each year.
  • Lower than average purchase APRs.
  • 0% APR balance transfer intro rate on balance transfers for up to 12 months.
  • 0% APR on new purchases during the first 12 months.
  • No annual fee.
  • Multiple credit card perks.
  • Access to a concierge.
  • No foreign transaction fee.
  • Cardholders can earn rewards on every purchase.
  • Earn rewards on every purchase.
  • HSBC Cash Rewards Mastercard Credit Card reports to multiple credit bureaus.
  • Cardholders can earn rewards on their purchases.
  • This card only offers basic purchase and travel protection.
  • Does not offer a signup bonus.
  • Charges a 4% balance transfer fee.
HSBC Cash Rewards Mastercard Credit Card FAQ

Is there a HSBC Cash Rewards Mastercard Credit Card cash back or rewards program?

HSBC Cash Rewards Mastercard Credit Card is a cashback card. This means you earn a percentage of your purchase as a cash reward. With HSBC Cash Rewards Mastercard Credit Card you receive 1.5% cash back on every purchase. For example, if you buy a $1,000 laptop, you will receive $15 back in cash. However, you can earn up to 3% for purchases in a bonus category.

HSBC Cash Rewards Mastercard Credit Card Rewards
Rewards rate (all purchases) 1.5%
Max rewards rate 3%
Annual rewards limit N/A
Signup Bonus ($) N/A

Does HSBC Cash Rewards Mastercard Credit Card have a signup bonus?

HSBC Cash Rewards Mastercard Credit Card doesn't offer a cash signup bonus.

Does HSBC Cash Rewards Mastercard Credit Card offer an annual loyalty bonus?

HSBC Cash Rewards Mastercard Credit Card doesn't offer a cash loyalty bonus.

What are the HSBC Cash Rewards Mastercard Credit Card benefits?

HSBC Cash Rewards Mastercard Credit Card provides the following benefits:

  • Cellular Telephone Protection
  • ID Theft Protection
  • Reports to major credit bureaus

What are the relevant APRs for HSBC Cash Rewards Mastercard Credit Card?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. HSBC Cash Rewards Mastercard Credit Card has lower than average purchase APRs.

HSBC Cash Rewards Mastercard Credit Card has a variable purchase APR that ranges from 12.99% up to 22.99%. The card has a variable balance transfer APR that ranges from 12.99% up to 22.99%. It also has a variable cash advance APR of 24.99% . Note that late payments are subject to an APR of 29.99% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

Does HSBC Cash Rewards Mastercard Credit Card have an introductory APR offer on balance transfers?

Yes, HSBC Cash Rewards Mastercard Credit Card offers an introductory APR rate on balance transfers of 0% for a period of up to 12 months.

HSBC Cash Rewards Mastercard Credit Card Balance Transfers
Description
Balance Transfer APR 12.99% - 22.99%
Balance Transfer Introductory APR 0%
Balance Transfer Intro APR Period (months) 12
Balance Transfer Fee % 4%
Balance Transfer Fee % After Intro Period N/A
Balance Transfer Fee Intro Period (days) N/A
Balance Transfer Fee Minimum $10

Does HSBC Cash Rewards Mastercard Credit Card have an introductory APR offer on new purchases?

This card does offer an introductory APR rate of 0% on qualified purchases for a period of up to 12 months.

HSBC Cash Rewards Mastercard Credit Card Purchase Intro Offer
Description
Introductory Rate 0%
Purchase Intro APR Period (months) 12

What are the fees for HSBC Cash Rewards Mastercard Credit Card?

The following fees apply to HSBC Cash Rewards Mastercard Credit Card:

HSBC Cash Rewards Mastercard Credit Card Fees
Fees Amount
Annual Fee $0
Foreign Transaction Fee 0%
Returned Payment Fee up to $39
Late Payment Fee up to $39

Does HSBC Cash Rewards Mastercard Credit Card have a foreign transaction fee?

HSBC Cash Rewards Mastercard Credit Card does not charge foreign transaction fees. If you are a frequent traveler, this can save you hundreds of dollars in credit card fees when you travel out of the country.

Does HSBC Cash Rewards Mastercard Credit Card report your account activity to credit bureaus?

HSBC Cash Rewards Mastercard Credit Card reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit.

How to apply for HSBC Cash Rewards Mastercard Credit Card

  • Visit the HSBC Cash Rewards Mastercard Credit Card website.
  • Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
  • Check the information is accurate and submit your application.
  • If you're denied click here to find out why your application may have been rejected and what you can do about it.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

  • Headquarters
  •   425 Fifth Avenue
    New York, NY 10018
  •   Visit Site

Promotional Offers

10% discount when you book one of the more than 10,000 high-end rental properties in cities like New York, Los Angeles, London, Paris, and more.

Hours of Operation

  • Sunday Closed
  • Monday 8:30am - 5:00pm
  • Tuesday 8:30am - 5:00pm
  • Wednesday 8:30am - 5:00pm
  • Thursday 8:00am - 6:00pm
  • Friday 8:30am - 5:00pm
  • Saturday 9:00am - 1:00pm

Other Services by HSBC Bank USA

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Message From HSBC Bank USA

A straightforward cash back card for everyday use - enjoy a flat rate on all purchases and an annual 10% bonus on all cash rewards earned.

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Every Purchase (Points) 1.5% Unlimited Cash Back on all purchases after the first 12 introductory months.
Introductory Rate 0%
Purchase Intro APR Period (Variable APR) 12 months
Foreign Currency Transaction Fee 0%
No Annual Fee  
No Foreign Transaction Fee  
Annual Fee $0
No Interest Grace Period for Late Payment 25 days
Paper Statement Fee $0
Cash Advance Fee Minimum $10
Cash Advance Fee (%) Up to 4%
Minimum Cash Advance Fee ($) Starting at $10
Minimum Interest Charge $1
Returned Payment Fee Up to $39
Late Fee Amount Up to $39
Customer Type Personal
Minimum Age 18
Supported Income Types
  • 1099 Misc. Income
  • Cash
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Credit Score Range 660 - 850
Credit Bureau Reporting
  • Equifax
  • Experian
  • TransUnion
Credit Card Benefits
  • Auto Rental Collision Damage Waiver
  • Cellular Telephone Protection
  • Concierge
  • Fraud Liability
  • Free Credit Score
  • Identity Theft Protection
  • Travel Accident Insurance
  • Travel Assistance
  • Emergency Support
Bonus Rewards Earn an Introductory 3% Cash Back on all purchases for the first 12 months from Account opening, up to the first $10,000 in purchases.
Rewards Rates Every Purchase
Rewards Type Cash Back
Cash Advance APR (Variable APR) 24.99%
Balance Computation Average Daily Balance (including new purchases)
Penalty APR (Variable APR) 29.99%
Purchase APR (Variable APR) 12.99% - 22.99%
Balance Transfer Introductory APR (Variable APR) 0%
Balance Transfer Intro APR Period (Variable APR) 12 months
Balance Transfer APR (Variable APR) 12.99% - 22.99%
Balance Transfer Fee Minimum $10
Balance Transfer Fee % 4%

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