Card Details

Bank Name: HSBC
Network Type: Mastercard
Card Type: Personal
MRC Rating 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.: (4.6)


Annual Fee: $25
Additional Card Fee: $10
Purchases Interest Rate: 11.9%
Cash Advance Interest Rate: 11.9%


  • You're a Canadian resident
  • You've reached the age of majority in your province or territory

Recommended Credit Score

Average to Excellent (670-900)

HSBC +Rewards™ Mastercard® Review

Welcome Bonus: Earn 20,000 Points (up to $100 in value) PLUS a 1st Year annual fee waiver.
Apply Now On HSBC's Secure Website
HSBC +Rewards™ Mastercard® snapshot
HSBC +Rewards™ Mastercard® review

Welcome offer

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.

  • Travel
  • Gift cards and valuable merchandise
  • Financial rewards

*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

HSBC +Rewards™ Mastercard® Rewards
General cash back earn rate
Categories cash back earn rate
HSBC +Rewards™ Mastercard® Features
Priority airport services
Airport lounge access
Concierge service
Balance protection(Optional)
Purchase Security & Extended Protection Insurance
Flight delay insurance,Baggage Insurance
Vehicule rental insurance
Travel accident insurance
Travel medical insurance
HSBC +Rewards™ Mastercard® User Reviews
Total Reviews: 0

Rating: 1 2 3 4 5 ( 5 )

Application Experience: 1 2 3 4 5

Rewards/Features: 1 2 3 4 5

Customer Service: 1 2 3 4 5

Convenience: 1 2 3 4 5

Likelihood to recommend: 1 2 3 4 5

HSBC +Rewards™ Mastercard® FAQs


Low Interest Rate
Reduce your interest on purchases, cash advances and balance transfers.

Insurance Coverage 
Shop confidently knowing that your eligible purchases are well-protected when you make them using your HSBC +Rewards Mastercard. 

Price Protection Service
If you find a lower price within 60 days of your purchase the difference will be refunded – up to $500, subject to a calendar-year maximum of $1,000 per account. Certain conditions and exclusions apply.

Editor`s Review:

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.

How to redeem HSBC rewards points

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.

  • Travel and experiences. Use your points to purchase airline tickets, vacation packages, car rentals, hotels, cruises, train tickets or tours. There are no blackout dates or seat restrictions. If you prefer to book through a travel agent other than HSBC, you can complete the purchase and have the amount refunded via HSBC points. However, you must make the claim within 60 days of the purchase date and you must secure the booking using your HSBC credit card.
  • From products to charitable donations to gift cards, the HSBC rewards catalogue has something for everyone.
  • Personal finances. Put your points towards your finances to reduce the burden. Rewards can be used to pay down your mortgage, add to your savings account or pay down your credit card balance.

Getting the most out of your HSBC rewards

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.

  • 57 cents per point for experiences
  • 5 cents per point for travel
  • 47 cents per point for gift cards
  • 42 cents per point for merchandise
  • 3 cents per point for statement credits

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!

Can I transfer my HSBC rewards points?

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:

  • 25,000 HSBC points to 8,000 Asia Miles
  • 25,000 HSBC points to 9,000 Singapore Krisflyer Miles
  • 25,000 HSBC points to 10,000 British Airways Avios

Do HSBC rewards points expire?

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.

How do I check my HSBC rewards points balance?

You can check your HSBC points balance using one of the following options:

  • Check your monthly statement.
  • Log into HSBC’s Personal Internet Banking portal (if you’re registered)
  • Log into HSBC’s Mastercard Online Access portal (if you’re registered)
  • Call HSBC at 1-866-688-4722 and inquire about your balance.

Do HSBC rewards points cover taxes and fees?

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.

Are HSBC rewards points subject to blackout dates or seat restrictions?

No, there are no blackout dates or seat restrictions.

How do I earn HSBC rewards faster?

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.


Apply Now On HSBC's Secure Website

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Author Bio

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.