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  HSBC Platinum Rewards Credit Card

HSBC Platinum Rewards Credit Card

in Personal Credit Cards from HSBC Bank USA

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HSBC Platinum Rewards Credit Card

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in Personal Credit Cards from HSBC Bank USA

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Highlights
Highlights
Balance Transfer APR  (Variable APR) 14.74% - 24.74%
Credit Score Range 680 - 850
Annual Fee $0
Purchase APR  (Variable APR) 14.74% - 24.74%
Rewards Rates
  • 1% - 3% on Every Purchase
  • Retail

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

  • No annual fee. This is a great options for people looking for a low-maintenance rewards card. It gives rewards on your purchases but you don't have to pay an annual fee for the privilege.
  • Up to 3% on every day purchases. This is higher than the averge reward rate (1%) for "every-day" purchases.
  • 0% balance transfer intro rate. Offers an introductory APR rate on balance transfers of 0% for up to 12 months, which is the average period for 0% APR balance transfer cards.
  • Competitive APRs. HSBC Platinum Rewards Credit Card has a variable purchase APR of up to 24.74%.
  • Great for travel. This card does not charge foreign transaction fees, which makes a great credit card to carry with you when traveling abroad.
  • Good or better credit required. You should probably try with another card if your credit score is below 680.
  • Multiple credit card benefits. Includes generous credit card perks, such as emergency support, travel assistance, and fraud protection.
The Good The Bad
  • 0% introductory rate for purchases and balance transfers
  • No annual fee
  • No foreign transaction fees
  • Lower than average purchase APRs.
  • No annual fee.
  • Has an introductory APR rate on balance transfers of 0%.
  • Multiple credit card perks.
  • No foreign transaction fee.
  • Earn rewards on every purchase.
  • HSBC Platinum Rewards Credit Card reports to multiple credit bureaus.
  • Cardholders can earn rewards on their purchases.
  • Includes emergency support.
  • Free access to your credit score.
  • Travel Assistance.
  • Low rewards after the first year.
  • Does not offer a signup bonus.

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:

  • Free Credit Score
  • Emergency Support
  • Zero fraud liability
  • Cellular Telephone Protection
  • Travel Assistance
  • 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?

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

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 Balance Transfers
Description
Balance Transfer APR 14.74% - 24.74%
Introductory Rate 0%
Intro APR period (months) 12
HSBC Platinum Rewards Credit Card Rates & Terms
Description
Balance Computation average daily balance
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 Platinum Rewards Credit Card fees?

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%
Balance Transfer Fee 4%
Minimum Balance Transfer Fee $10
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 score.

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...

Contact

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

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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Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  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 X points on all purchases after the introductory period.
Foreign Currency Transaction Fee 0%
No Annual Fee  
No Foreign Transaction Fee  
Annual Fee $0
No Interest Grace Period for Late Payment 25
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
Balance Transfer Fee Minimum $10
Balance Transfer Fee % 4%
Late Fee Amount Up to $37
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
Card Type
  • Balance Transfer
  • Cashback
  • Rewards
  • Zero Percent
Card Network
  • Mastercard
Credit Bureau Reporting
  • Equifax
  • Experian
  • TransUnion
Emergency Support  
Fraud Liability  
Credit Card Benefits
  • Cellular Telephone Protection
  • Emergency Support
  • Fraud Liability
  • Free Credit Score
  • Identity Theft Protection
  • Travel Assistance
Free FICO Score  
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
  • 1% - 3% on Every Purchase
  • Retail
Cash Advance APR (Variable APR) 26.74%
Purchase APR (Variable APR) 14.74% - 24.74%
Introductory Rate 0%
Balance Computation average daily balance
Penalty APR 31.74%
Balance Transfer APR (Variable APR) 14.74% - 24.74%
Introductory Rate 0%
Intro APR period 12

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