HSBC Cash Rewards Mastercard Credit Card Review

HSBC Cash Rewards Mastercard Credit Card is a cashback credit card issued by HSBC Bank USA. 

This card is designed for people with fair credit. The minimum credit score to apply is 660. 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.

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. No annual fee. Has an introductory APR rate on balance transfers of 0%. Multiple credit card perks. Cardholders can earn rewards on their purchases. Offers auto rental collision damage waiver. Access to a concierge. Free access to your credit score. Travel Accident Insurance. Travel Assistance. No foreign transaction fee. Earn rewards on every purchase. HSBC Cash Rewards Mastercard Credit Card reports to multiple credit bureaus.

Does not offer a signup bonus. This card only offers basic purchase and travel protection.

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
Signup Bonus Spend Requirement	$0

What are the HSBC Cash Rewards Mastercard Credit Card benefits?

HSBC Cash Rewards Mastercard Credit Card provides the following benefits:

• Free Credit Score
• Auto Rental Collision Damage Waiver
• Zero fraud liability
• Travel Accident Insurance
• Cellular Telephone Protection
• Travel Assistance
• 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 14.74% up to 24.74%. The card has a variable balance transfer APR that ranges from 14.74% up to 24.74%. It also has a variable cash advance APR of 26.74% . Note that late payments are subject to an APR of 31.74% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

HSBC Cash Rewards Mastercard Credit Card Balance Transfers

Description
Balance Transfer APR	14.74% - 24.74%
Introductory Rate	0%
Intro APR period (months)	12

HSBC Cash Rewards Mastercard Credit Card Rates & Terms

Description
Balance Computation	Average Daily Balance (including new purchases)
Purchase APR	14.74% - 24.74%
Credit Limit	N/A
Penalty APR	31.74%
Cash Advance APR	26.74%
Security Deposit	N/A
Introductory Rate	0%
Intro APR period (months)	12

What are the HSBC Cash Rewards Mastercard Credit Card fees?

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%
Balance Transfer Fee	4%
Minimum Balance Transfer Fee	$10
Returned Payment Fee	up to $25
Late Payment Fee	up to $37

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 score.

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.