HSBC Cash Rewards Mastercard® Review
Earn up to 14% cash back* on eligible online purchases! Must apply by February 28, 2023. Conditions apply.
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Recommended Credit Score:
670 900
Average to Excellent
$0
Welcome Bonus Value
$0
Annual Fee
20.99%
Purchase Interest Rate
NA
Min Personal Required
HSBC Cash Rewards Mastercard®
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My Rate Compass Rating: star star star star star_outline (4)
Bank Name:HSBC
Network Type:Mastercard
HSBC Cash Rewards Mastercard®
Welcome Bonus
Earn up to 14% cash back* on eligible online purchases! Must apply by February 28, 2023. Conditions apply.
Annual Fee
$0
HSBC Cash Rewards Mastercard®
Card Details

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.

Insurance
  • 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
Fees and Eligibility
Fees
  • Annual Fee: $0
  • Additional Card Fee: $0
  • Purchases Interest Rate: 20.99%
  • Cash Advance Interest Rate: 22.99%
Eligibility
  • You're a Canadian resident
  • You've reached the age of majority in your province or territory
Recommended Credit Score:
670 900
Average to Excellent
Our Rating
My Rate Compass Rating: star star star star star_outline (4)
Rating Methodology: My Rate Compass's ratings are determined by our editorial team. Our editors rate credit cards objectively based on the benefits and features the credit card offers, interest rates, the fees, and how a credit card compares with other cards in its category. Credit card rating methodology
Editorial Guidelines: Learn more about our editorial guidelines here.
Pros and Cons
  •    Redeem sooner – You only need to reach $25 in cash back to redeem.
Editor's Review

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. 

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Author Bio

User
Mohamed Konate

Mohamed Konate is a personal finance expert, blogger, and marketing consultant based out of Toronto. He is a former financial services professional who worked for many years at major Canadian financial institutions where he managed the marketing strategy around various financial products ranging from credit cards to lines of credit. Mohamed is passionate about personal finance and holds a Bachelor in Business Administration from the University of Quebec (Montreal) and a Master in International Business from the University of Sherbrooke (Quebec).He is also the author of the Canadian Credit Card Guidebook.

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