5 Best HSBC Credit Cards of August 2022

5 Best HSBC Credit Cards of 2022
5 Best HSBC Credit Cards of 2022

Updated August 01, 2022 – BEST HSBC Credit Cards Of 2022: HSBC Credit Cards work best for those with excellent or good credit – a credit score of 700 or more. HSBC does not offer credit cards to people with poor, moderate, or bad credit. The HSBC credit cards offer $0 in foreign transaction fees, $0 to $395 annual fees, and rewards of at most 1 point for every $1 spent on purchases.

HSBC is the largest financial and banking institution. Many Americans don’t think about HSBC when they are looking for a new rewards card. HSBC currently offers only six credit cards to U.S. customers. Let’s look at the six cards in detail and answer common questions.

Best HSBC Credit Cards of August 2022

HSBC Cash Rewards Mastercard® Credit CardBest for Cashback Rewards
HSBC Gold Mastercard® Credit CardBest for introductory APR
HSBC Premier World Mastercard® Credit Card Best for travel
HSBC Cash Rewards Mastercard® credit card Student AccountBest for cash-back rewards for students
HSBC Elite Credit CardBest for premium travel rewards
Best HSBC Cards

1. HSBC Cash Rewards Mastercard® Credit Card

5 Best HSBC Credit Cards of 2022
HSBC Cash Rewards Credit Card

The HSBC Cash Rewards Mastercard may be the right choice for you if you like the flexibility of Cashback Rewards. You don’t have to be a member of HSBC to apply for this card. There are many ways to earn cashback.

HSBC Cash Rewards Credit Cards Info

Cash Advance Fee5% (min $10)
Cash Advance APR24.99% (V)
Foreign Transaction Fee0%
Smart ChipYes, chip-and-PIN
Max Late Fee$39
Max Overlimit Fee$0
Max Penalty APR29.99% (V)
Grace Period25 days

The HSBC Cash Rewards Mastercard (r) credit card will give you unlimited 1.5% cashback on all your purchases. You’ll also earn cash back up to 3% for your first year with the HSBC Cash Rewards Mastercard(r) credit card. You won’t lose any earnings by paying a $0 annual fee for the card.

Rewards rate – Earn 1.5% Cash Back on All Purchases (After the 3% introductory period ends).

Annual Fee: None

Benefits Of HSBC Cash Rewards Mastercard® Credit Card:

  • Master Rental covers most rental vehicles against theft and physical damage
  • To check if you are Pre-qualified, it is necessary to perform a Soft Credit Check which has no effect on your credit score.
  • $5 Discount on Postmates Orders of $25 or More for Delivery of Food, Drinks, and Groceries (not including taxes and delivery fees and tips).
  • Mobile wireless telephone protection may reimburse up to $600 for a claim where your phone is lost or damaged
  • Complementary Shop Runner Membership to receive unlimited, free two-day shipping and free return shipping for over 140 online shops
  • No foreign transaction fees

Is HSBC Cash Rewards Mastercard® or Credit Card worth it? This introductory 3% card offers solid cash-back earnings for the first year. Long-term, 1.5% cash back is also available. This is the card for you if you are looking for a flat-rate, no-annual-fee card. You can get slightly better deals with other cards, such as the Citi Double Cash Card which offers 1% cash back when you pay and 2% cashback when you buy.

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2. HSBC Gold Mastercard® Credit Card

5 Best HSBC Credit Cards of 2022
HSBC Gold Credit Card

The introductory purchase, balance transfer APR period for 18 months, and simple card structure can all be useful tools for leveraging personal finances.

The HSBC Mastercard, a credit card might seem boring at first glance. These bare-bones credit cards don’t have a rewards program and only offer a few travel and shopping benefits.

HSBC Gold Credit Cards Info

Cash Advance Fee5% (min $10)
Cash Advance APR24.99% (V)
Foreign Transaction Fee0%
Smart ChipYes, chip-and-PIN
Max Late Fee$39
Max Overlimit Fee$0
Max Penalty APRNone
Grace Period25 days

The HSBC Gold Mastercard, credit card, offers a few options to help you manage your money, particularly if you are struggling to get out of debt. Balance transfers within 60 days of account opening are eligible for an introductory 0% interest rate for 18 months. Your variable APR for balance transfer will range from 13.99% to 23.99% depending on your creditworthiness. Remember to pay a minimum $10 balance transfer fee before you transfer any balances. After adding the fee, make sure you still use the card.

The HSBC Gold Mastercard credit card offers an introductory 0% APR on purchases for 18 months. Your variable purchase APR (depending on creditworthiness) will increase from 13.99% to 23.99% after the intro period. This feature allows you to finance a purchase, or pay off debts over the intro period. You can also save interest costs. You should limit your spending to what you can afford, and not before the intro purchase APR period ends.

If you feel you might be tempted to spend more than you can afford to earn rewards, the lack of a rewards program on the HSBC Mastercard(r), the credit card isn’t too bad. If you are still satisfied with the card issuer, after paying your balance transfer, you might consider a rewards credit card to add to your wallet.

Interest Rates and Interest Charges

Annual Percentage Rate (“APR”) for Purchases0% Introductory APR will apply for the first 18 months from account opening.
After that, your APR will be 13.99% to 23.99% based on your credit
worthiness. These APRs will vary with the market based on the Prime Rate.
APR for Balance Transfers0% Introductory APR will apply for the first 18 months from account opening. Balance
transfers must be posted within the first 60 days following Account opening.
After that, your APR will be 13.99% to 23.99% based on your credit worthiness. These
APRs will vary with the market based on the Prime Rate.
APR for Cash Advances24.99%
How to Avoid Paying Interest on PurchasesYour due date is at least 25 days after the close of each billing cycle. Your Account
has a grace period on purchases. We will not charge you interest on new purchases if you
pay your previous non-promotional balance, including fees and finance charges, by the due
date each month.
Minimum Interest ChargeIf you are charged interest, the charge will be no less than $1.00.
Annual FeeN/A
Transaction Fees• Either $10 or 4%, whichever is greater, will apply to each balance transfer.
• Either $10 or 4%, whichever is greater, will apply on each check written for purposes other than a balance transfer.
• Either $10 or 5%, whichever is greater, will apply to each cash advance transaction.
• Either $10 or 5%, whichever is greater, will apply to the overdraft amount.
Penalty Fees$0 for the first missed payment within a 12-month calendar year*. After that, up to $39
Up to $39
For More Info Click

3. HSBC Premier World Mastercard® Credit Card 

5 Best HSBC Credit Cards of 2022
HSBC Premier World Credit Card

The card is able to earn 2x points for purchases made on trips and a variety of benefits for travelers. You must have an HSBC Premier account in order to be qualified for the card.

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HSBC Premier World Credit Cards Info

Cash Advance Fee5% (min $10)
Cash Advance APR24.99% (V)
Foreign Transaction Fee0%
Smart ChipYes, chip-and-PIN
Max Late Fee$39
Max Overlimit Fee$0
Max Penalty APR29.99% (V)
Grace Period25 days

Offer: Earn 35,500 Rewards Rewards Bonus Points that are worth a minimum of $400 worth of air travel- after spending $3,000 within the first three months after the time of account beginning.

Rewards Details of HSBC Premier World Credit Cards

  • You can earn 35,000 Bonus Points (worth $400 worth of airfare) After spending $3000 in the first three months following the account’s beginning.
  • Earn 2 Points for every $1 spent on travel. and 1 Point per $1 on other purchases, with no cap or expiration.
  • Earn 2 points for every $1 spent on streaming services and internet telephone, cable electricity, gym memberships, gym fees, and more. Up to $2,000 for all purchases beginning 1 January 2022 through March 31st, 2022.
  • Redeem Points for Travel, Cash Back, Merchandise, or Gift Cards.
  • Amount: $85 TSA Precheck(r) credit every five years to pay back fees for application.
  • Receive 5% cashback on any future purchases from HelloFresh with $5 off on the first two orders you make every month at Door Dash and $5 Lyft app credit each month following three rides.

Benefits:

  • Get up to $50 worth of statements credits per year for rides through Uber as well as Lyft
  • Receive an account credit of $85 every five years to provide an amount of reimbursement for the TSA Pre-Check application cost.
  • $5 discount $5 off Postmates orders that are $25 or more to be delivered of drinks, food, and other groceries (not including delivery, taxes, charges, or tips)
  • 10% off on hotel reservations room or holiday home stay through Expedia, Agoda.
  • Trip cancellation insurance could reimburse you for any expense that you have paid for, which is non-refundable, should you have decided to cancel the trip due to an authorized reason.
  • The insurance for motels and hotels could pay up to $1,500 for personal property taken or damaged in the room of your hotel or motel due to the act of burglary through forcible entry
  • Insurance for lost luggage which can pay up to $1500 per claim for carry-on and checked luggage that gets damaged or lost during travel using a common airline
  • Insurance for baggage delay could pay the amount of $250 for the cost of items you need like toiletries and clothing in the event that your luggage is delayed in reaching the destination you have planned for
  • Guaranteed purchase which can pay you back if a purchase you made using your card becomes destroyed or taken away within the 90-day period from the date of purchase.
  • Cellular wireless protection could provide reimbursement as high as $600 in the event that your cell phone is damaged or stolen
  • Complimentary Shop Runner membership
  • No foreign transaction fees
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The annual cost will be zero for the first year following account opening, and then zero for those who have an eligible U.S. HSBC Premier checking account and $95 for cardholders who no not longer have an eligible HSBC relationship.

Worth of this card: If you have the qualifying U.S. Prime checking account at HSBC You might as be able to open your HSBC Premier World Mastercard credit card to enjoy its travel benefits as well as shopping benefits. However, if you’re not already an HSBC customer, you might think about other credit cards for travel that offer higher rates of earning and additional benefits like the Global Entry fee credit.

4. HSBC Cash Rewards Mastercard® Credit Card Student Account

These cards can be easily approved without any credit history, and you will get a 1.5% cash back offer on all purchases of HSBC Student Credit Cards.

  • There is no credit score is required to be approved
  • Access to all internet-based tools that allow you to discover more about credit
  • Find Your FICO credit score at no cost each month, on the statement of your HSBC account statement for your credit card
  • Master Rental insurance, which offers protection against theft and physical damage to the majority of rental vehicles
  • Upgrade back to the basic HSBC MasterCard Cash Rewards credit card within four years of the account remains in good condition.
  • $5 off the purchase of orders of $25 or more deliveries of foods, beverages, and other groceries (not including delivery, taxes, costs, or tips)
  • Cellular wireless protection could provide reimbursement of up to 600 dollars per claim in the event that your phone is damaged or stolen
  • Complimentary Shop Runner membership
  • No foreign transaction fees
  • No the annual fees

5. HSBC Elite Credit Card

5 Best HSBC Credit Cards of 2022
HSBC Elite Credit Card

This card provides 3x earnings on travel purchases, 2x earnings on dining purchases, and various travel and shopping benefits. You must have a qualifying HSBC Premier checking account to be eligible for this card.

HSBC Elite Credit Cards Info

Cash Advance Fee5% (min $10)
Cash Advance APR24.99% (V)
Foreign Transaction Fee0%
Smart ChipYes, chip-and-PIN
Max Late Fee$39
Max Overlimit Fee$0
Max Penalty APR29.99% (V)
Grace Period25 days

Rewards and Benefits:

Earn 50k Bonus Points (worth $750 for air travel) after you have spent at least $4,000 in the first three months.

Earn 3 Points for every $1 spent on purchases for travel; 2 points per $1 spent on dining out; 1 Point for any other purchases made online. Earn points indefinitely with no expiration date.

Earn 3 points for every $1 spent on streaming and internet services such as cable, phone and electricity, gym memberships, and many more. You can earn up to $3,000 for total expenditure starting 1 January 2022 until March 31st, 2022.

Redeem Points for Travel, Cash Rewards, Merchandise, or Gift Cards.

Up to $400 in travel credit when you book your trip via HSBC Travel.

Amount of $100 global Entry(r) Credit for Application Fee as well as up to $85 of TSA Precheck(r) credit every 54 months.

Lyft Credit – Make three rides per month to earn five-dollar Lyft Credit (in the app).

A membership to the network of more than 1000 airport lounges, as well as unlimited complimentary lounge visits for cardholders or one other guest.

The annual fee for the credit card amounts to $395 and $65 per authorized user. The Annual Fee is exempted ($0) for those with the qualifying U.S. HSBC Jade or Private Bank relationship.

Travel Benefits: Master Rental Coverage, Mastercard Airport Concierge, and $1 Million Travel Accident Insurance.

Identity Fraud Expense Reimbursement, Cellular Wireless Telephone Protection, and Mastercard ID Theft Protection.

Complimentary Shop Runner membership for unlimited, 2-day free shipping and return shipping free of charge in over 140 online stores.

To be eligible for this card it is necessary to already have an active U.S. HSBC Premier checking relationship with the bank. Monthly maintenance fees in the amount of $50 are charged when your minimum balance requirements ($75,000 in total U.S. personal deposit and investment balances) are not fulfilled.

How to pay for my HSBC Credit Card?

There are lots of methods to Pay your HSBC Credit Card :
Online: Log in to your HSBC account, select your credit card, click My Account, select Payments, and then click Make a Payment.
Pay Via Phone: Call the number on the back of your credit card.
Pay Via Mail: Fill in the remittance stub and mail it along with your payment to HSBC Bank USA, N.A., PO Box 4657, Carol Stream, IL 60197-5255

How to activate HSBC Credit Card?

The activation of your New HSBC Credit Card via Mobile is the simple method currently available through HSBC. If you have a home phone, simply dial 1-866-573-4722 to activate it. The caller will be asked some questions that will confirm that you are the main cardholder and then you’ll need to enter the information from your new card.

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