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  HSBC Cash Rewards Mastercard Credit Card

HSBC Cash Rewards Mastercard Credit Card

in Personal Credit Cards from HSBC Bank USA

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HSBC Cash Rewards Mastercard Credit Card

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in Personal Credit Cards from HSBC Bank USA

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Highlights
Purchase APR  (Variable APR) 13.99% - 23.99%
Balance Transfer APR  (Variable APR) 13.99% - 23.99%
Credit Score Range 660 - 850
Annual Fee $0

HSBC Cash Rewards Mastercard Credit Card Review

This 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 review will provide you with with all the details you need to make a good choice.

Key Takeaways
  • Generous reward rate. You will get a cashback rewards rate of up to 3%.
  • 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 13.99% up to 23.99%.
  • No annual fee*. This is a great option for people looking for a low-maintenance cashback card. It gives you cashback 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 4% on balance transfers. For example, a balance of $1,000 could cost $40 in transfer fees. The minimum fee is $10.
  • No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
  • Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, access to a concierge, emergency support, identity theft protection, travel accident insurance, travel assistance, and fraud protection.
  • Fair or better credit required. You will have good approval oods if your credit score is above660.
Pros & Cons of HSBC Cash Rewards Mastercard Credit Card
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.
  • Offers auto rental collision damage waiver.
  • Access to a concierge.
  • Identity Theft Protection.
  • Travel accident and travel assistance insurance.
  • No foreign transaction fee.
  • Cardholders can earn rewards on their purchases.
  • HSBC Cash Rewards Mastercard Credit Card reports to multiple credit bureaus.
  • 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

Does HSBC Cash Rewards Mastercard Credit Card have a cash back or rewards program?

This is a cashback card. This means you earn a percentage of your purchases as cash back rewards. You will receive 1.5% cash back on travel, dining, groceries, drugstore purchases, or any other 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
Minimum rewards rate 1.5x
Max rewards rate 3x
Annual rewards limit N/A

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

This card doesn't offer a cash signup bonus.

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

This card doesn't offer a cash loyalty bonus.

What are the HSBC Cash Rewards Mastercard Credit Card benefits?

It provides the following benefits:

  • Auto Rental Collision Damage Waiver
  • Emergency Support
  • Zero fraud liability
  • Travel Accident Insurance
  • Cell Phone Protection
  • Travel Assistance
  • 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 regular APR is 15% for all credit cards and 17% for accounts that carry a balance. It has lower than average regular APRs.

It has a variable purchase APR that ranges from 13.99% up to 23.99%. The card has a variable balance transfer APR that ranges from 13.99% up to 23.99%. 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 intro APR offer on balance transfers?

Yes, it offers an intro 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 Introductory APR 0%
Balance Transfer Intro APR Period 12 months
Balance Transfer APR 13.99% - 23.99%
Balance Transfer Fee Minimum $10
Balance Transfer Fee % 4%

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

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

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

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

The following fees apply:

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

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost cashback card.

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

This card does not charge foreign transaction fees. If you are a frequent traveler, avoiding foreign transaction fees can save you hundreds of dollars in fees when you travel out of the country.

What is the customer service phone number for HSBC Cash Rewards Mastercard Credit Card?

The HSBC Cash Rewards Mastercard Credit Card customer service number is (800) 975-4722.

What is the support contact email for HSBC Cash Rewards Mastercard Credit Card?

The support contact email for HSBC Cash Rewards Mastercard Credit Card is hsbcusahelp@us.hsbc.com.

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

Yes, 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 may 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 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.

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.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 10:00am - 4:00pm
  • Tuesday 10:00am - 4:00pm
  • Wednesday 10:00am - 4:00pm
  • Thursday 10:00am - 4:00pm
  • Friday 10:00am - 4:00pm
  • Saturday 9:00am - 1:00pm

Other Services by HSBC Bank USA

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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) 3% Introductory Cash Back Earn on all purchases in the first 12 months from Account opening, up to the first $10,000 in purchases. 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
Cash Advance Fee Minimum $10
Cash Advance Fee (%) Up to 5%
Minimum Cash Advance Fee ($) 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
  • Identity Theft Protection
  • Auto Rental Collision Damage Waiver
  • Emergency Support
  • Fraud Liability
  • Cellular Telephone Protection
  • Travel Accident Insurance
  • Travel Assistance
  • Concierge
Bonus Offer 3% Introductory Cash Back Earn on all purchases in the first 12 months from Account opening, up to the first $10,000 in purchases.
Rewards Categories
  • 1.5% - 3% Cash Back on Every Purchase
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) 13.99% - 23.99%
Balance Transfer Introductory APR (Variable APR) 0%
Balance Transfer Intro APR Period (Variable APR) 12 months
Balance Transfer APR (Variable APR) 13.99% - 23.99%
Balance Transfer Fee Minimum $10
Balance Transfer Fee % 4%
Card Type
  • Balance Transfer
  • Bonus Offers
  • Cashback
  • Rewards
  • Zero Percent
Card Network Mastercard

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