HSBC Cash Rewards Mastercard® Review
Special offer: Earn an additional 12.5% cash back* on all purchases for the first 180 days (up to $1,000 in total purchases). Must apply by February 28, 2023. Conditions apply.
For the first 180 days, earn up to:
• 14% cash back* on eligible online purchases
• 13.5% cash back* on eligible gas, grocery and drugstore
• 13% cash back* on all other everyday purchases
Ongoing cash back earnings as follows after the first 180 days:
• 1.5% cash back* on up to $6,000 of your online purchases (including streaming services, online subscriptions and food delivery).
• 1% cash back* on your gas, grocery and drugstore purchases.
• 0.5% cash back* on (almost) everything else you buy with your card.
Redeem sooner – You only need to reach $25 in cash back to redeem.
Redeem when you want – Redeem for cash back as a statement credit online. See how easy it is at rewards.hsbc.ca
Redeem to pay down or save up – Use your cash back for a credit towards your residential mortgage account, or credit card, or to top up your savings account.
*Terms and Conditions apply
®/TM Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Used pursuant to license.
- Priority airport services No
- Airport lounge access No
- Concierge service No
- Balance protection(Optional) No
- Purchase Security & Extended Protection Insurance NO
- Flight delay insurance,Baggage Insurance No
- Vehicle rental insurance No
- Travel accident insurance No
- Travel medical insurance No
- Annual Fee: $0
- Additional Card Fee: $0
- Purchases Interest Rate: 20.99%
- Cash Advance Interest Rate: 22.99%
- You're a Canadian resident
- You've reached the age of majority in your province or territory
- Redeem sooner – You only need to reach $25 in cash back to redeem.
HSBC Cash Rewards Mastercard
The HSBC Cash Rewards Mastercard offers 1.5% cash back on online purchases up to $6,000. You can earn cash rewards at this rate on online subscriptions, food delivery and streaming services. Cardholders earn 1% cash back on grocery, gas and drug store purchases. Everything else yields cash back at a rate of 0.5%.
If you apply for the credit card before February 28, 2023, you can earn an additional 12.5% cash back* on all purchases for the first 180 days. The only limitation is a maximum purchase amount of $1,000. In Quebec, the HSBC Cash Rewards Mastercard special offer is slightly different. Apply before February 28, 2023, and keep your account open and active for 180 days to receive a $125 cash back bonus.
You can redeem your cash rewards at any time with HSBC. The only limitation is you must have earned a minimum of $25 in cash rewards before making a redemption. Cash rewards can be used as a statement credit or put towards a mortgage or savings account.
The HSBC Cash Rewards Mastercard doesn’t have an annual fee. The interest rate is standard at 20.99%. For balance transfers and cash advances, the interest rate is 22.99% (21.99% in Quebec). The credit card comes with additional perks and benefits, including mobile device insurance, extended warranty and purchase assurance. Cardholders have the option to add on travel and medical insurance with an extra cost.
1 Applicable to all HSBC Cash Rewards Mastercard offers. These offers are available to successful applicants who have not, in the 12 months prior to submitting the application, held an HSBC Cash Rewards Mastercard account. Only one new account per customer is eligible for these offers. All bonuses referred to in this document may be changed, withdrawn or extended at any time and cannot be combined with any other offer, except the offers described here and offers that state that they can be combined with other HSBC credit card offers. The HSBC Cash Rewards Program Terms and Conditions apply. Account opening is subject to our standard credit review and approval and additional conditions listed for the specific offers below.
If you are not a resident of Quebec, you can receive an additional 12.5% cash back on all eligible Net Purchases up to the amount of $1,000 within 180 days of opening your account. “Net Purchases” means the total amount of your eligible purchases minus the total amount of returns you make (or similar credits applied to your account). The standard earn rates of 1.5% cash back on eligible online purchases, 1% cash back on eligible gas, grocery and drugstore purchases, and 0.5% cash back on other eligible purchases apply in addition to the 12.5% cash back earned under this offer. If you are a resident of Quebec, you can receive $125 cash back if you keep your new account open for 180 days from opening. This offer applies to approved HSBC Cash Rewards Mastercard accounts for which an application is received between May 3, 2022 and October 31, 2022 and is not available for other types of HSBC credit cards. The cash back under this offer are in addition to the cash back earned on the eligible purchases at the earn rate listed in the HSBC Cash Rewards Program Terms and Conditions. The additional cash back will be awarded on the day which is 180 days after the account opening, will be credited in accordance with the Terms and Conditions of the HSBC Cash Rewards Program and will appear in your HSBC Rewards Account within two statement periods of the day they are awarded. Your account must be open and in good standing on the day the additional cash back is credited.
2 Earn 1.5% cash back on every $1 of eligible online purchases charged to your HSBC Cash Rewards Mastercard in a calendar year, up to a maximum of $6,000. After reaching $6,000 in eligible online purchases, these purchases will then earn: (1) 1% cash back on every $1, if it qualifies as eligible gas, grocery and drugstore purchases, or (2) 0.5% cash back on every $1, if it qualifies as other eligible purchases. Refer to the HSBC Cash Rewards Program Terms and Conditions for complete details.
Eligible online purchases mean purchases of goods and services made on your account that are classified in the Mastercard Network as online purchases and may change without notice.
3 Earn 1% cash back on every $1 of eligible gas, grocery and drugstore purchases. Refer to the HSBC Cash Rewards Program Terms and Conditions for complete details.
Eligible gas, grocery and drugstore purchases are eligible purchases made from merchants that are classified in the Mastercard network as grocery stores, service stations/automated gas dispensers or drugstores. Some merchants may sell gas, grocery or drugstore products/services or are separate merchants located on gas, grocery or drugstore premises but they are classified in the Mastercard network in another manner; purchases from such merchants are not treated as “Gas, Grocery and Drugstore Purchases”. The eligible merchant categories for “Gas, Grocery and Drugstore Purchases” may change without notice.
4 Earn 0.5% cash back on every $1 of eligible purchases other than online, gas, grocery and drugstore purchases. Refer to the HSBC Cash Rewards Program Terms and Conditions for complete details.
Eligible purchases mean purchases of goods and services that are charged to your account, except for quasi-cash transactions (which include purchases of wire transfers, travelers cheques, foreign currency, money orders, payments of existing debts, bets, lottery tickets and gaming chips), less any credits for returns, rebates or adjustments. Cash advances (including balance transfers and cheques), optional services and interest charges or fees do not qualify as eligible purchases.
5 Insurance coverage is underwritten by American Bankers Life Assurance Company of Florida (ABLAC) and/or American Bankers Insurance Company of Florida (ABIC). ABLAC, ABIC, their subsidiaries, and affiliates carry on business in Canada under the name of Assurant®. ®Assurant is a registered trademark of Assurant, Inc. Details of coverage, including definitions, benefits, limitations and exclusions, are in the Certificate of Insurance provided with your Cardholder Manual or subsequent to enrollment in the optional Travel and Medical insurance.
7 Zero Liability applies to purchases made in store, by telephone, online or via a mobile device or ATM transaction. We will not hold you responsible for unauthorized use if: i) you have used reasonable care in safeguarding your card and any related information, including Personal Identification Number (PIN) or password, and have not contributed to any unauthorized use of your card, PIN, account number or cheques; and ii) you report to us any actual or suspected loss, theft or unauthorized use of your card, PIN, account number or cheques immediately after becoming aware of it.
®/TM Mastercard is a registered trademark, and the circles design and tap & go are trademarks of Mastercard International Incorporated. Used pursuant to license.