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The best HSBC credit cards in Canada

There's an HSBC credit card for every lifestyle and financial situation. Compare them all and apply for one here.

The Canadian branch of the HSBC bank offers a suite of HSBC credit card options as part of its HSBC Rewards Program. These HSBC Mastercards let you collect HSBC Points when you spend money on just about anything you can buy with your card. You can then redeem these points for a wide array of rewards, including travel perks, through the HSBC Rewards Centre.

Find out more about the personal HSBC credit cards available with this program and compare the range of HSBC Mastercards available to find the best fit for your unique set of financial needs.

Best for low interest:
HSBC +Rewards Mastercard

HSBC +Rewards Mastercard logo
Credit recommended (630-)
Read review
630
Min. credit score
$25 ongoing
Annual fee
Up to 2x
Points
35,000
Points welcome offer
The HSBC +Rewards Mastercard is the 2021 Finder Credit Card Award winner for Best Low Rate Credit Card. This is one of the few low interest credit cards in Canada that also comes with a rewards program. Earn 2 Points for every $1 on eligible dining or entertainment purchases and earn 1 Point for every $1 spent on all other everyday purchases. Earn up to 35,000 Points ($175 travel value). Earn 30,000 Points when you spend $2,000 within 6 months ($150 travel value) and earn 5,000 Points when you start your application online ($25 travel value). Terms apply. Apply by October 31, 2022.
  • Rewards points. Earn 2 Points for every $1 on eligible dining or entertainment purchases and earn 1 Point for every $1 spent on all other everyday purchases.
  • Earn more. Earn up to 35,000 Points ($175 travel value). Earn 30,000 Points when you spend $2,000 within 6 months ($150 travel value) and earn 5,000 Points when you start your application online ($25 travel value). Terms apply. Apply by October 31, 2022.
  • Complimentary insurance coverage. Price Protection Service: Find a lower price within 60 days of your purchase and the difference will be refunded (up to $500 per eligible item). Extended Warranty Insurance: The original manufacturer’s warranty on eligible items can be doubled by up to one additional year. Purchase Assurance: Get coverage for up to 90 days
    should items charged to your card get lost, damaged or stolen.
  • Low interest rate. The HSBC +Rewards Mastercard comes with a standard low interest rate of 11.9%.
  • Extended warranty. Double the original manufacturer’s warranty for up to one additional year.
  • Balance transfer fee. You'll have to pay the standard 11.9% interest rate on balance transfers, but unlike other cards, the balance transfer fee is 0%.
  • Optional travel insurance coverage. By paying an additional $69 per year (including taxes), you'll get Emergency Travel Medical insurance as well as Trip Cancellation, Trip Interruption and Baggage Delay/Loss coverage.
  • Annual fee. The annual fee for this card is normally $25, but is $0 in the first year.
  • Additional cardholder. Any additional cards will cost $10.
Annual Fee $0 intro annual fee for the first year ($25 thereafter)
Purchase APR 11.9% fixed
Balance transfer APR 11.9% fixed
Welcome offer Earn up to 35,000 Points ($175 travel value). Earn 30,000 Points when you spend $2,000 within 6 months ($150 travel value) and earn 5,000 Points when you start your application online ($25 travel value). Terms apply. Apply by October 31, 2022.
Rewards Earn 2 Points for every $1 on eligible dining or entertainment purchases and earn 1 Point for every $1 spent on all other everyday purchases.

Best Mastercard credit card:
HSBC World Elite Mastercard

HSBC World Elite Mastercard logo
Credit recommended (650-)
Read review
650
Min. credit score
$149 ongoing
Annual fee
Up to 3%
Cash back
80,000
Welcome offer
The HSBC World Elite Mastercard is a flexible rewards card that offers a rare $0 currency conversion fee. You'll also be able to build up travel rewards with every purchase. Earn 3% in travel rewards on all eligible travel purchases (6 Points per $1 spent) and earn 1.5% in travel rewards on all other eligible purchases (3 Points per $1 spent). The HSBC World Elite Mastercard also comes with a sizable welcome bonus, travel insurance coverage and purchase insurance.
  • Sign up bonus. Earn up to 80,000 Points ($400 travel value) and receive a $100 travel enhancement credit. Earn a Welcome Bonus of 20,000 Points ($100 travel value), earn 40,000 Points when you spend $6,000 within 6 months ($200 travel value) and earn 20,000 Points as an anniversary bonus ($100 travel value). Terms apply. Apply by October 31, 2022.
  • Rewards points. Earn 3% in travel rewards on all eligible travel purchases (6 Points per $1 spent) and earn 1.5% in travel rewards on all other eligible purchases (3 Points per $1 spent).
  • Foreign transaction fee. Unlike many other credit cards, this card comes with a $0.
  • Travel perks. This card gives you access to Mastercard Airport Experiences Provided by LoungeKey, $100 annual travel enhancement credit, 10% discount on select hotel bookings on your card with Expedia and Agoda and unlimited Wi-Fi through Boingo at over 1 million hotspots worldwide.
  • Travel insurance. You'll get Worldwide Emergency Travel Medical insurance, Baggage Delay or Loss insurance, Trip Cancellation, Trip Interruption/Delay insurance and Car Rental insurance.
  • Rental car coverage. Get complimentary car rental insurance when you charge at least 75% of the cost of your rental vehicle to your card and decline the rental agency’s collision or loss damage waiver. This includes Personal Effects and Car Rental Accidental Death and Dismemberment insurance coverage.
  • Purchase coverage. Items charged to your card will be covered against loss, damage or theft for 90 days from the purchase date. Plus, double the original manufacturer’s warranty on eligible items for up to one additional year with Extended Warranty coverage.
  • Annual fee. You'll be charged a $149 annual fee to maintain this card.
  • Minimum income requirement. You'll need to have a personal income of $80,000 or a household income of $150,000 to be eligible for this card.
Annual Fee $0 intro annual fee for the first year ($149 thereafter)
Purchase APR 19.9% fixed
Balance transfer APR 22.9% fixed
Welcome offer Earn up to 80,000 Points ($400 travel value) and receive a $100 travel enhancement credit. Earn a Welcome Bonus of 20,000 Points ($100 travel value), earn 40,000 Points when you spend $6,000 within 6 months ($200 travel value) and earn 20,000 Points as an anniversary bonus ($100 travel value). Terms apply. Apply by October 31, 2022.
Rewards Earn 3% in travel rewards on all eligible travel purchases (6 Points per $1 spent) and earn 1.5% in travel rewards on all other eligible purchases (3 Points per $1 spent).

Best for travel with no annual fee:
HSBC Travel Rewards Mastercard

HSBC Travel Rewards Mastercard logo
Credit recommended (650-)
Read review
650
Min. credit score
$0
Annual fee
Up to 3x
Points
25,000
Points welcome offer
The HSBC Travel Rewards Mastercard offers a sizeable welcome bonus along with a relatively high rewards point earn rate. Earn 3 points per $1 spent on eligible travel (up to $6,000 spend), 2 points per $1 spent on gas & everyday transportation, and 1 point per $1 spent on almost everything else. Get 25,000 points ($125 travel value) when you spend $1,000 within six months of account opening. Valid until October 31, 2022. This card also comes with a suite of travel insurance, all for a $0 annual fee.
  • Annual fee. This card has an annual fee of $0.
  • Rewards points. Earn 3 points per $1 spent on eligible travel (up to $6,000 spend), 2 points per $1 spent on gas & everyday transportation, and 1 point per $1 spent on almost everything else.
  • Bonus. Get 25,000 points ($125 travel value) when you spend $1,000 within six months of account opening. Valid until October 31, 2022.
  • Travel insurance. You'll get Baggage Delay Insurance, Hotel / Motel Burglary Insurance and Trip Interruption Insurance coverage with the HSBC Travel Rewards Mastercard.
  • Currency conversion rate. This card has a foreign transaction fee of 2.5%.
  • Relatively limited travel perks. Compared to premium travel cards with higher annual fees, the HSBC Travel Rewards Mastercard doesn't come with air lounge access and other top travel perks.
Annual Fee $0
Purchase APR 20.99% fixed
Balance transfer APR 22.99% fixed
Welcome offer Get 25,000 points ($125 travel value) when you spend $1,000 within six months of account opening. Valid until October 31, 2022.
Rewards Earn 3 points per $1 spent on eligible travel (up to $6,000 spend), 2 points per $1 spent on gas & everyday transportation, and 1 point per $1 spent on almost everything else.

Best for cash back with no annual fee:
HSBC Cash Rewards Mastercard

HSBC Cash Rewards Mastercard logo
Credit recommended (650-)
Read review
650
Min. credit score
$0
Annual fee
Up to 1.5%
Cash back
14%
Welcome offer
With a $0 annual fee, the HSBC Cash Rewards Mastercard offers a solid cash back program. Earn 1.5% cash back on up to $6,000 of your online purchases, including streaming services, online subscriptions and food delivery. Plus, earn 1% cash back on gas, grocery and drugstore purchases and 0.5% cash back on almost everything else. Earn more when you sign up. 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. Earn an additional 12.5% cash back on all purchases (up to $1,000 in total purchases). Conditions apply. Valid until October 31, 2022.
  • Annual fee. This card has an annual fee of $0.
  • Rewards points. Earn 1.5% cash back on up to $6,000 of your online purchases, including streaming services, online subscriptions and food delivery. Plus, earn 1% cash back on gas, grocery and drugstore purchases and 0.5% cash back on almost everything else.
  • Bonus. 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. Earn an additional 12.5% cash back on all purchases (up to $1,000 in total purchases). Conditions apply. Valid until October 31, 2022.
  • Insurance coverage. You'll get Extended Warranty Insurance for up to 1 additional year, 90-day Purchase Assurance coverage and Mobile Device Insurance of up to $1,000 on eligible devices.
  • Optional insurance. Pay $69 each year to access emergency travel medical, trip cancellation/interruption, hotel/motel burglary and baggage insurance.
  • Currency conversion rate. This card has a foreign transaction fee of 2.5%.
Annual Fee $0
Purchase APR 20.99% fixed
Balance transfer APR N/A
Welcome offer 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. Earn an additional 12.5% cash back on all purchases (up to $1,000 in total purchases). Conditions apply. Valid until October 31, 2022.
Rewards Earn 1.5% cash back on up to $6,000 of your online purchases, including streaming services, online subscriptions and food delivery. Plus, earn 1% cash back on gas, grocery and drugstore purchases and 0.5% cash back on almost everything else.

All HSBC credit cards available in Canada

HSBC offers a number of different personal and business Mastercards. There are 6 personal cards available, and each one offers a different combination of points and benefits. The features you get on your card will vary based on whether you choose a basic or premium card.

The personal HSBC credit cards offered are listed below, along with some of their main features. You can also choose an HSBC business card, though these cards aren’t included in this comparison.

CardAnnual feeFee for extra cardsWelcome bonusKey perks
HSBC Travel Rewards Mastercard$0$0Up to 25,000Get 25,000 points ($125 travel value) when you spend $1,000 within six months of account opening. Valid until October 31, 2022.
HSBC Cash Rewards Mastercard$0$0Up to 14%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. Earn an additional 12.5% cash back on all purchases (up to $1,000 in total purchases). Conditions apply. Valid until October 31, 2022.
HSBC +Rewards Mastercard$25$10Up to 35,000Earn up to 35,000 Points ($175 travel value). Plus, get the 1st year annual fee waived for the primary cardholder ($25 value). Terms apply. Apply by October 31, 2022.
HSBC World Elite Mastercard$149$50Up to 80,000 points31-day travel medical
No foreign transaction fees
2x the points on travel purchases
HSBC Premier World Elite Mastercard$149 (with $50 rebate)$0Up to 80,00031-day travel medical
No foreign transaction fees
$100 travel credit
2x the points on travel purchases
HSBC Jade World Elite Mastercard*$299$0N/A31-day travel medical
No foreign transaction fees
$200 travel credit
2x the points on travel purchases

*Only available to HSBC Premier clients who maintain a balance of $100,000 in HSBC accounts (or have a mortgage worth $500,000 with HSBC).

How does the HSBC Rewards Program work?

The HSBC Rewards Program is a points program that’s tied to a suite of credit cards on offer from the Canadian branch of the HSBC bank. There are seven main personal cards to choose from as well as a handful of business cards. Each card offers different features and rewards, depending on how much you pay for your annual fee. The personal cards on offer from HSBC are listed a, along with some of their main features.

How much is each point worth?

Your HSBC Rewards Points will be worth different amounts based on what rewards you cash them in for. As a reference, you’ll get around $1 for every 200 points you redeem on travel. This means you’ll get an average of $100 for every 20,000 points you collect.

Depending on what card you have, you’ll earn between 0.75 and 3 points per dollar. At the lower end of the scale, you’ll need to spend over $26,000 on your card to earn $100 worth of points. At the higher end, you’ll have to spend as little as $6,700 to earn $100 worth of points.

If you intend to spend a lot of money on your card, it could be worth it to pay a higher annual fee for a premium card. This is because you’ll earn as much as $400 in points with a premium card for every $100 you earn with a basic card.

How to earn points on your HSBC credit cards

You’ll be able to earn HSBC Rewards Points whenever you spend money on your credit card.
All HSBC credit cards give you a flat rate of points for every purchase. With certain cards, you’ll also be able to earn accelerated points for travel, dining or entertainment purchases.

Several HSBC credit cards also give you the chance to earn bonus points when you sign up. The downside is that HSBC doesn’t offer any special promotions, so there are limited chances to earn extra points beyond what’s offered with your card.

How long will it take me to collect points with my HSBC Mastercard?

The number of points you can earn with your HSBC credit cards depends almost exclusively on how much money you spend on your card. It also depends on how many points you’ll earn for each dollar you spend.
You’ll be able to pay a higher annual fee for a premium card, which will let you earn at least 3 points for every dollar you spend. You’ll also get a bigger welcome bonus with this type of card, which will let you earn more points right off the bat.

How to redeem HSBC Rewards Points

When you’ve collected enough HSBC points, you can sign in to the HSBC Rewards Centre to redeem for rewards. You’ll be able to browse the online catalogue for merchandise, gift cards and charitable donations. You can also redeem your points separately for flights and HSBC financial credits. More details on how you can redeem your points for each category of reward are listed below.

Flights and other travel

You won’t be able to redeem your points for travel directly through the HSBC Rewards Centre. Instead, you can redeem your points as a statement credit on your HSBC Rewards Mastercard. You’ll just need to apply your points within 60 days of an eligible travel purchase. The upside of this is that you’ll be able to book flights and other travel with the provider of your choice without needing to worry about booking restrictions.

Merchandise, gift cards and charitable donations

You’ll be able to browse HSBC’s online rewards catalogue for hundreds of specialty products and gift cards. The HSBC Rewards page has a searchable database of all of its merchandise, gift cards and charitable donations. You just need to specify what you’re looking for by narrowing your choices down with a keyword or brand name. You can also choose to convert your points into a donation for the charity of your choice using the “donations” category.

HSBC financial products

You’ll be able to redeem your HSBC Rewards Points to pay for a number of HSBC’s financial products. You can use your points to pay off your credit card, contribute to your mortgage or put extra funds into your savings account. You should be able to carry out some of these redemptions through your online banking, or by signing into the HSBC Rewards Centre.

Compare HSBC cards with other credit cards

Name Product Welcome Offer Rewards Purchase Interest Rate Annual Fee Min. Credit Score Description
RBC Cash Back Mastercard
N/A
Up to 2% cash back
19.99%
$0
Min. recommended credit score: 650
Get 2% cash back on grocery store purchases, and up to 1% cash back on all other qualifying purchases and pre-authorized payments.
BMO CashBack Mastercard
5% cash back
Up to 3% cash back
20.99%
$0
Min. recommended credit score: 660
Get 5% cash back on all eligible purchases in the first three months of card membership (up to max. spend of $2,500). Plus, get a rate of 0.99% on balance transfers for 9 months. A 2% fee applies to transferred balances.
Tangerine World Mastercard
15% cash back
Up to 2% cash back
19.95%
$0
Min. recommended credit score: 600
Earn 15% cash back (up to $150) when you spend $1,000 in the first 2 months Until November 18, 2022. Plus, get a 1.95% interest rate on balance transfers for the first 6 months (valid within the first 30 days of account opening, 1% transfer fee applies).
RBC Avion Visa Infinite
55,000 points
Up to 1 point per $1 spent
19.99%
$120
Min. recommended credit score: 650
Get up to 55,000 Welcome Points. Get 35,000 points on approval and 20,000 bonus points when you spend $5,000 in your first 6 months. Apply by October 31, 2022.
OFFER
Tangerine Money-Back Credit Card
15% cash back
Up to 2% cash back
19.95%
$0
Min. recommended credit score: 600
Earn 15% cash back (up to $150) when you spend $1,000 in the first 2 months Until November 18, 2022. Plus, get a 1.95% interest rate on balance transfers for the first 6 months (valid within the first 30 days of account opening, 1% transfer fee applies).
EXCLUSIVE
Neo Financial Mastercard
Get $25.00
Average 5% cash back
19.99% - 24.99%
$0
Min. recommended credit score: 600
Get $25 when you sign up for the Neo Financial Mastercard. Plus, earn bonuses like 15% cashback on your first purchase at most partners, and earn an average of 5% cashback at thousands of partners and at least 0.5% cashback guaranteed.
BMO Preferred Rate Mastercard
0.99% rate on balance transfers for 9 months
N/A
12.99%
$0 annual fee for the first year ($20 thereafter)
Min. recommended credit score: 660
Get a rate of 0.99% on balance transfers for 9 months with a 2% transfer fee. Plus, get the $20 annual fee waived in the first year.
RBC ION+ Visa
12,000 points
3 points per $1 spent
19.99%
$48
Min. recommended credit score: 660
Earn 12,000 Avion points when you get approved for the card. Apply by November 30, 2022.
RBC ION Visa
6,000 points
1.5 points per $1 spent
19.99%
$0
Min. recommended credit score: 660
Earn 6,000 Avion points when you get approved for the card. Apply by November 30, 2022.
American Express Cobalt Card
30,000 points
Up to 5x points per $1 spent
20.99%
$155.88
Min. recommended credit score: 700
Earn up to 30,000 Membership Rewards points in your first year. Earn 2,500 Membership Rewards points for each monthly billing period in which you spend $500 in net purchases on your card (up to 30,000 points). That’s up to $300 towards a weekend getaway or concert tickets.
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Bottom line on HSBC Credit Cards

You can earn HSBC Rewards Points to redeem for travel and other rewards every time you spend money on your HSBC Rewards Mastercard. Learn how you can collect and redeem points using your card, and find out what rewards will be up for grabs when you decide it’s time to redeem your HSBC Rewards points you’ve accumulated quickly and easily through the HSBC Rewards Centre.

Frequently asked questions about HSBC credit cards

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