The Best Review Of The HSBC Cash Rewards Mastercard 2023

Oct 26, 2023 By Triston Martin

Many people choose to use the HSBC Cash Rewards Mastercard because of its many perks. A card is a good option for consumers who wish to receive cash back on their regular purchases without paying an annual fee. The rewards card is very appealing, with up to 3% money back on any and all purchases made within the first year and 1.5% cashback offers on all subsequent transactions. In addition, after making $500 in purchases during the first three months of creating an account, you will receive a cash incentive of $150. credit card review hsbc cash rewards mastercard® isn't only great because of its rewards program; This card also comes with several other perks, such as no annual cost, no foreign transaction taxes, free checked baggage, and 24/7 fraud prevention. Adding the card to a digital wallet makes it simple for cardholders to make transactions with their mobile devices using services like Google Payments and Apple Pay.

While there is no yearly cost, cardholders should be aware of other charges, such as making a balance transfer, getting a cash advance, making an international transaction, paying late, or returning a payment. Despite these costs, the HSBC Cashback Rewards Mastercard continues to be a great choice for consumers looking for a credit card that offers rewards for regular spending and a number of other advantages.

Rewards Program

When you use your hsbc cash rewards mastercard, you'll be eligible for a robust rewards program to earn cash back on every transaction. In the first year of card membership, cardholders can earn 3% reward points on all purchases, up to a $10,000 annual spending limit. Following the first year, there is no limit to the amount the cashback a cardholder can earn at the 1.5% rate on all purchases. With this card, you can earn a $150 bonus after spending $500 in the first three months. This is a terrific incentive for new cardholders to apply for the card and begin earning credits immediately.

Additional Benefits

With its generous rewards program and other benefits, with HSBC Cashback Rewards Mastercard is indeed a wonderful choice for cardholders. The following are examples of major advantages:

  • The card does not have an annual fee, representing a major perk for customers who would otherwise have to fork over $50.
  • During the first 12 months after opening an account, both purchases and balance transfers are eligible for a 0% introductory annual percentage rate on the card. This perk is fantastic for customers who make a sizable purchase or transfer a sizable balance from another card.
  • Cardholders can use various insurance protections while on the road, including accident insurance, coverage for rental cars, and reimbursement for canceled flights. Cardholders can rest easy knowing they are covered by these perks while on the road.
  • The card's built-in fraud protection can help shield cardholders from identity theft and illegal charges at any time of day.
  • The card may be attached to digital wallets, including Apple Pay or Google Pay, making it simple for cardholders to make purchases from their mobile devices.

Charges & Fees

Even though there is no yearly fee for the HSBC Cash Rewards Mastercard, cardholders should be aware of a few other fees and penalties. Essential costs and fees include:

  • With each balance transfer, the card will charge you either $10 or 4% of the transfer amount, whichever one is greater.
  • Cash Advance Fee: Each cash advance is subject to a fee of $10 or 5% of the total amount, whichever is greater.
  • This card has a 3% fee on all purchases made outside of the United States with U.S. currency.
  • The card has a maximum late payment charge of $39.
  • Returned Payment Fee: Up to $39 is levied by the card as a returned payment cost.

The hsbc cash rewards mastercard credit card is a strong contender if you're looking for a no-annual-fee credit card that offers generous cash rewards on everyday purchases. The card's wide range of advantages, including its high rewards potential, low introductory APR, and good travel perks, makes it a desirable option for many shoppers. Nonetheless, cardholders must be familiar with the card's fees and charges and pay their bills on time to prevent late payment fines.

Conclusion

Customers in search of a no-annual-fee cash-back credit card, like the HSBC Cash Back Rewards Mastercard, may find this choice to be advantageous. The card comes with various perks, including a rewards program, a low introductory APR, travel perks, and protection against fraud. The card provides peace of mind while traveling as it is protected from fraudulent use around the clock, may be used in digital wallets, and more. The card is a good choice for those who want to make the most of their cashback earnings and appreciate extra protections, but the fees may deter some.

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