HSBC Platinum Rewards Credit Card Reviews (Oct. 2020) | Personal Credit Cards

Highlights
Community Rating	Rating not yet determined
Purchase APR (Variable APR)	14.74% - 24.74%
Balance Transfer APR (Variable APR)	14.74% - 24.74%
Credit Score Range	680 - 850
Annual Fee	$0

HSBC Platinum Rewards Credit Card Review

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

Key Takeaways

Earn a rewards rate of up to x. This is higher than the average reward rate
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 Platinum Rewards Credit Card has a variable purchase APR that ranges from 14.74% up to 24.74%.
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 Platinum Rewards 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 and fraud protection.
Good or better credit required. You should probably try with another card if your credit score is below 680.

HSBC Platinum Rewards Credit Card Pros & Cons

The Good	The Bad
0% introductory rate for purchases and balance transfers No annual fee No foreign transaction fees 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. No foreign transaction fee. Cardholders can earn rewards on every purchase. Earn rewards on every purchase. HSBC Platinum Rewards Credit Card reports to multiple credit bureaus. Cardholders can earn rewards on their purchases.	Low rewards after the first year. Requires good to excellent credit. Does not offer a signup bonus. Charges a 4% balance transfer fee.

The Good

The Bad

0% introductory rate for purchases and balance transfers
No annual fee
No foreign transaction fees
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.
No foreign transaction fee.
Cardholders can earn rewards on every purchase.
Earn rewards on every purchase.
HSBC Platinum Rewards Credit Card reports to multiple credit bureaus.
Cardholders can earn rewards on their purchases.

Low rewards after the first year.
Requires good to excellent credit.
Does not offer a signup bonus.
Charges a 4% balance transfer fee.

HSBC Platinum Rewards Credit Card FAQ

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

HSBC Platinum Rewards Credit Card is a cashback card. This means you earn a percentage of your purchase as a cash reward. With HSBC Platinum Rewards 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.

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

Does HSBC Platinum Rewards Credit Card have a signup bonus?

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

Does HSBC Platinum Rewards Credit Card offer an annual loyalty bonus?

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

What are the HSBC Platinum Rewards Credit Card benefits?

HSBC Platinum Rewards Credit Card provides the following benefits:

Cellular Telephone Protection
ID Theft Protection
Reports to major credit bureaus

What are the relevant APRs for HSBC Platinum Rewards 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 Platinum Rewards Credit Card has lower than average purchase APRs.

HSBC Platinum Rewards 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.

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

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

HSBC Platinum Rewards Credit Card Balance Transfers
Description
Balance Transfer APR	14.74% - 24.74%
Balance Transfer Introductory APR	0%
Balance Transfer Intro APR Period (months)	12
Balance Transfer Fee %	4%
Balance Transfer Fee Minimum	$10

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

What are the fees for HSBC Platinum Rewards Credit Card?

The following fees apply to HSBC Platinum Rewards Credit Card:

HSBC Platinum Rewards Credit Card Fees
Fees	Amount
Annual Fee	$0
Foreign Transaction Fee	0%
Returned Payment Fee	up to $25
Late Payment Fee	up to $37

Does HSBC Platinum Rewards Credit Card have a foreign transaction fee?

HSBC Platinum Rewards 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 Platinum Rewards Credit Card report your account activity to credit bureaus?

HSBC Platinum Rewards 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 Platinum Rewards Credit Card

Visit the HSBC Platinum Rewards 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.

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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

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Availability

Available in 50 states and Washington, D.C.

Alabama
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Washington, DC
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Idaho
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Feature Breakdown

Every Purchase (Points)

1 X points on all purchases after the introductory period.

HSBC Platinum Rewards Credit Card Community Reviews

Would you recommend HSBC Platinum Rewards Credit Card to your friends?

Foreign Currency Transaction Fee	0%
No Annual Fee
No Foreign Transaction Fee
Annual Fee	$0
No Interest Grace Period for Late Payment	25 days
Additional Card Fee Amount	$0
Cash Advance Fee Minimum	$10
Cash Advance Fee (%)	4%
Minimum Cash Advance Fee ($)	Starting at $10
Minimum Interest Charge	$1
Returned Payment Fee	Up to $25
Late Fee Amount	Up to $37

Customer Type	Personal
Minimum Age	18
Supported Income Types	Direct Deposit (W2, SSA, SSDI) Cash Payroll Check or Prepaid Card 1099 Misc. Income
Military Status	Active Duty Military Non-Military Veterans Military Dependent
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	680 - 850 850 300 680

Bonus Rewards	Introductory 3X Points on all purchases in the first 12 months from Account opening, up to the first $10,000 in purchases
No Reward Expiration Period
Rewards Rates	Every Purchase Retail

Card Type	Rewards Balance Transfer Cashback Zero Percent
Card Network	Mastercard

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HSBC Platinum Rewards Credit Card

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