Apply for an HSBC +RewardsTM Mastercard® by September 27th and get 20,000 Points (up to $100 in value) when you spend $2,000 within 6 months of account opening*, and get a 1st Year annual fee waiver for Primary Cardholder*($25 value)
This offer is only available to residents of Canada other than the province of Quebec (Quebec residents eligible for separate offer)
HSBC Plus Rewards Program
2x Rewards on eligible dining and entertainment
Earn 1 Point for every $1 on all other everyday purchases*.
Redeem your Points your way – The choice is yours.
*Terms and Conditions apply
®/TM Mastercard and World Elite are registered trademarks, and the circles design is a trademark of Mastercard International Incorporated. Used pursuant to license
|Annual Interest Rates||
These interest rates are in effect on the day your HSBC Mastercard account (“Account”) is activated.
If you do not pay the Minimum Payment in full by the due date on your Account statement two billing periods in a row (the “first” and “second” billing periods), your interest rates in effect at the end of the third billing period will increase by 5% per year. The increased rates will apply on the first day of the fourth billing period and will continue to apply until you qualify for a rate decrease.
If you pay the Minimum Payment in full by the due date on your Account statement six billing periods in a row (the “first” through “sixth” billing periods), your previously increased rates in effect at the end of the seventh billing period will decrease by 5% per year. The decreased rates will apply on the first day of the eighth billing period.
|Interest-free Grace Period||
You will benefit from an interest-free grace period on new Purchases and fees of at least 21 days if you pay off your balance in full by the due date.
There is no interest-free period on Cash Advances including Quasi-cash transactions, Balance Transfers and Cheques.
Interest begins to accrue on Purchases, Cash Advances including Quasi-cash transactions, and fees from the date of the transaction and on Balance Transfers and Cheques from the date posted.
Your minimum payment is the greater of $10 and 5% (if you reside in Quebec) or 3% (if you reside outside Quebec) of the total outstanding amount (rounded to the next dollar), plus all past due amounts and amounts over your credit limit. If the total outstanding amount is less than $10, then the Minimum Payment is equal to the total outstanding amount.
|Foreign Currency Conversion||
We will bill you in Canadian currency if you use your Account to make transactions in foreign currency. If you make (or return) transactions in a foreign currency, we convert the amount to Canadian dollars at the conversion rate that is 2.5% above a benchmark foreign currency exchange rate determined by Mastercard that is in effect and that we must pay on the date we post the transaction to the Account. This rate may be different from the rate in effect on the date you made the transaction.
Primary card fee: $25
Supplementary card fee: $10 for each Authorized User on your Account. You may have up to four Authorized Users on your Account.
The annual fees will be charged on the first statement date after the card is issued (regardless of activation) and annually on the anniversary of your account.
If you add an Authorized User after your card is first issued, a pro-rated supplementary card fee will be charged on the first statement date after the supplementary card is issued (regardless of activation). The amount of the fee will be pro-rated for the number of months remaining between the day the fee is charged and the next anniversary of your account. After that, as long as the card remains issued, a $10 supplementary card fee will be charged for that card annually on the anniversary of your account.
To be charged on the date of the transaction:
To be charged on the date the transaction is posted:
To be charged on the statement date:
We may change the interest rates and fees from time to time. Please read the Cardholder Agreement for more information.
|Travel and Medical Insurance*||Fee|
Please refer to the Travel & Medical Insurance Summary for additional information about this product.
The annual premium is $69, and includes applicable taxes. The premium will be billed to your Account when you enrol and annually at renewal.
INFORMATION ABOUT THE OPTIONAL INSURANCE: If you enrol in any optional products, you may cancel at any time and we will issue a pro rated refund of the unearned portion of any premium that you have paid (as a credit to your Account). To cancel, you may contact HSBC Mastercard Customer Care at the number on the back of your HSBC Mastercard.
* Insurance coverage is underwritten by American Bankers Life Assurance Company of Florida (ABLAC) and 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 card and available online at www.hsbc.ca/mastercard.
® Mastercard and Cirrus are registered trademarks of Mastercard International Incorporated. Used pursuant to license.
™ HSBC +Rewards is a trademark of HSBC Group Management Services Limited. Used pursuant to license.
Information before you apply
Travel and medical insurance can provide you with coverage in the following situations:
- a medical emergency happens during the first 17 days of your trip
- your trip is cancelled (before you depart)
- your trip is delayed (after you depart)
- your baggage is lost or delayed
This insurance is available to the Primary Cardholder with an HSBC Mastercard, as an option (for a fee), as long as you are under age 65. This insurance does not cover any person 65 years of age or older. This insurance covers the Primary Cardholder and where applicable his/her Spouse and Dependent Children.
Emergency travel medical insurance does not apply to travel in Cuba.
Emergency travel medical, trip cancellation, trip interruption, and baggage delay or loss insurance are subject to limitations and exclusions as stated in the Certificate of Insurance. The Certificate of Insurance is sent to the Primary Cardholder at the time of enrolment (and is available at www.hsbc.ca). Please read the Certificate of Insurance for full details, including the complete list of limitations and exclusions.
Emergency travel medical insurance
This insurance covers eligible medical expenses which arise due to a medical emergency. For example, eligible medical expenses may include: emergency hospital, ambulance and medical expenses; private duty nursing expenses; emergency air transportation or evacuation; professional services; emergency dental expenses; transportation to the bedside; return of deceased; additional hotel and meal expenses; and return of vehicle.
Emergency travel medical insurance automatically applies to the first 17 days of a trip. You and your spouse (under age 65 at the time of departure) are insured, as well as your dependent children while traveling with you or your spouse, to a maximum of $1,000,000 per person. It does not cover expenses arising from:
- a medical emergency while travelling in Cuba
- pre-existing conditions or ignoring the recommendation of a doctor
- any other limitations and exclusions stated in the Certificate of Insurance.
Each insured person must be a permanent resident of Canada and covered by a provincial or territorial Government Health Insurance Plan. This insurance only covers amounts greater than the expenses covered by your Government Health Insurance Plan or any other insurance or reimbursement program. Coverage stops once your condition is stable or you can return to Canada for treatment.
Trip cancellation insurance
If you or your spouse (under age 65) is required to cancel a trip due to a covered cause, you will be reimbursed eligible expenses to a maximum of $2,000 per Account. For example, a covered cause occurs if:
- you, your spouse, an immediate relative, or your travel companion become sick, injured, or dies
- involuntary job loss
- default of your travel provider
- extreme weather delay
Coverage starts from the time you purchase a trip and ends at the trip’s scheduled departure time.
Trip interruption insurance
While on a trip, if you or your spouse (under age 65) is required to change your scheduled return date to a later date due to a covered cause, you will be reimbursed the extra cost of one-way economy airfare to a maximum of $2,000 per Account. For example, a covered cause occurs if you, your spouse, an immediate relative or travel companion accidentally die, or become sick or injured, and the attending physician recommends a travel delay.
Coverage starts after the scheduled departure date and lasts until the scheduled return date.
Baggage delay or loss insurance
If baggage, including personal contents, is lost or damaged during a trip, you will be reimbursed to a maximum of $750 per insured person (and maximum of $500 per item). This coverage also includes up to $200 for the purchase of necessities required by a delay of your checked-in baggage of 12 hours or more. This insurance does not cover certain types of loss or damage. For example, it does not cover:
- loss or damage due to normal wear and tear
- confiscation of your luggage by authorities
- loss or damage to certain items (such as contact lenses, cell phones, computers, jewellery or camera equipment contained in your checked-in baggage, and business equipment or materials).
Paying for your trip with your HSBC Mastercard. To receive coverage for trip cancellation, trip interruption, and baggage delay or loss insurance, you must charge at least 75% of the eligible expenses for your trip (such as transportation, hotel or package tour costs) with your HSBC Mastercard Account.
Term of insurance. The effective date of insurance coverage is the date of enrolment set out in the Letter of Confirmation we send at the time of enrolment. Coverage ends at the earliest of the following:
- the date the Insured Person ceases to be eligible for coverage;
- the date the Primary Cardholder reaches age 65;
- the date the Policy terminates;
- the date your notice of cancellation is received by the Insurer or HSBC; and
- the date the HSBC Mastercard account is cancelled, closed, or not in good standing.
How much insurance costs. The annual premium is $69, including applicable taxes. We may change the premium and we will tell you at least 30 days in advance. The premium is charged to your Account when you enrol and at each annual renewal.
Misrepresentation. The certificate will be void if at any time you conceal or misrepresent any material fact or circumstance concerning this coverage, your interest in this coverage, or any fraud or attempted fraud.
If you wish to cancel. You may cancel coverage at any time and receive a prorata refund of the unused premium (as a credit to your Account). If you cancel within the first 30 days, any premium paid will be credited to your Account and coverage will be void. Cancellation is effective on the date your notice of cancellation is received by the insurer or HSBC.
To make a claim (if you enrol). Call 1-800-668-8680 from Canada or the US, or 416-977-6066 collect from anywhere else in the world and you will be sent a claim form.
Travel and Medical Insurance is voluntary insurance offered on a group basis. This insurance is designed to cover losses from sudden and unforeseeable circumstances only. Travel and Medical Insurance is underwritten by American Bankers Life Assurance Company of Florida and American Bankers Insurance Company of Florida. Details of insurance, including definitions, benefits, limitations, and exclusions, are outlined in the Certificate of Insurance sent to cardholders who enrol.
The HSBC +Rewards™ Mastercard® stands out from the crowd not only because of the white logo and exquisite design but also because of the advantageous interest. With HSBC +Rewards® Mastercard®, you can enjoy a low 11.9% interest rate on everything, from purchases to balance transfer and cash advances.
With just an annual fee of $25, this card gives you a multitude of benefits that you can start reaping right away. You can earn 2 points for each $1 spent on eligible entertainment or dining. The current welcome bonus is 20,000 Points (up to $100 in value) when you spend $2,000 within 6 months of account opening*, as well as 1st Year annual fee waiver for Primary Cardholder*($25 value). Apply by September 27th
This card is perfect for any Canadian resident who wants a low-interest rate and coverage. With it, you can gain access to comprehensive travel insurance, price protection, zero liability protection, enhanced security, tap & pay, and worldwide acceptance.
You can track your rewards and make a redemption by logging into HSBC’s website or by calling 1-866-611-4722. HSBC rewards points can be redeemed for travel, experiences, merchandise or personal finances. A breakdown of each category can be found below.
The value of a HSBC point varies immensely depending on what you choose to make a redemption for. The value of each point is estimated below based on rewards type.
As you can see, members obtain the most financial value when redeeming on travel and experiences. The least financial value is obtained when using points for personal finance purposes.
Keep in mind that qualitative aspects of the loyalty program should be considered when making a redemption too. If you receive the greatest intrinsic value when redeeming for merchandise, then you should use your points for that. After all, the program is for your personal benefit, use it for that purpose!
It is possible to transfer HSBC rewards to another loyalty program. However, you must have an eligible credit card and the program you want to transfer to must be affiliated with HSBC.
Only the World Elite Mastercard, Premier World Elite Mastercard and Premier World Mastercard allow for point transfers. Asia Miles, KrisFlyer Miles and British Airway Executive Club are affiliated frequent flyer programs. Unfortunately, popular travel loyalty programs, such as Aeroplan and WestJet Rewards, are not compatible. The rate of transfer is as follows:
So long as your account is in good standing, your points will never expire. Keep in mind that HSBC, like many other loyalty program hosts, have the right to cancel your rewards at any time. A common reason they would cancel your rewards is if you continuously failed to make payments on your account.
You can check your HSBC points balance using one of the following options:
The answer is likely yes. It does not say anywhere in the terms and conditions that points cannot be used to cover taxes and fees. This communicates that points can be put towards taxes and fees. In addition, members can make a travel-based purchase and have the full amount, which would include taxes and fees, refunded using HSBC points.
No, there are no blackout dates or seat restrictions.
You can earn HSBC rewards faster by spending more on your HSBC credit card or by upgrading to a credit card that earns points at an accelerated rate.