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HSBC +Rewards™ Mastercard® review

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Get a low interest rate and earn points when you spend money on dining or entertainment.

Earn 10,000 Points ($50 travel value). Plus, get a full annual fee rebate for the Primary Cardholder for the first year ($25 value). Apply by August 17, 2020. This offer is only available to residents of Canada other than the province of Quebec. Conditions apply.

11.9%

Purchase Interest Rate

$0 annual fee for the first year ($25 thereafter)

Annual Fee

Details

Product NameHSBC +Rewards™ Mastercard®
RewardEarn 2 Points for every $1 spent on eligible dining or entertainment purchases.
Welcome OfferEarn 10,000 Points ($50 travel value). Plus, get a full annual fee rebate for the Primary Cardholder for the first year ($25 value). Apply by August 17, 2020. This offer is only available to residents of Canada other than the province of Quebec. Conditions apply.
Purchase Interest Rate11.9%
Cash Advance Rate11.9%
Balance Transfer Rate11.9%
Interest Free Period 21 days
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More Info

30-second take

  • Think about this card if you want a low interest rate and basic insurance coverage.
  • Choose something else if you want comprehensive benefits and no annual fee.
  • There are no minimum income requirements to qualify for this card.

The basics

If you want a low-interest card that offers a return on points for a low annual fee, then the HSBC +Rewards™ Mastercard® could be the right fit for you.

  • Earn points. Earn 2 Points for every $1 spent on eligible dining or entertainment purchases.
  • Low interest. Get a low purchase interest of 11.9%, as well as a rate of 11.9% on cash advance transactions and balance transfers.
  • Welcome offer. Earn 10,000 Points ($50 travel value). Plus, get a full annual fee rebate for the Primary Cardholder for the first year ($25 value). Apply by August 17, 2020. This offer is only available to residents of Canada other than the province of Quebec. Conditions apply.
  • Purchase assurance. Rest easy knowing that your purchases are insured against loss, theft or damage for 90 days
    after you buy them.
  • Extended warranty. Get double the protection with an added year of warranty coverage on eligible purchases made with your card.

The perks

  • Optional travel insurance. Take advantage of travel insurance for an annual fee.
  • Price protection. Save money with a price-match guarantee offered within two months of making a purchase.
  • Zero liability protection. Avoid unauthorized or fraudulent purchases made with your card with zero liability insurance.
  • Tap and pay. Pay instantly with Mastercard contactless payment and Apple Pay.
  • Enhanced security. Use your Mastercard SecureCode to protect your information when shopping online.
  • Worldwide acceptance. Shop with confidence when you travel overseas knowing that Mastercard is accepted worldwide.

What to watch out for

  • Low points value. The value of your points will fluctuate based on what you’re redeeming them for, but they can be as low as $1 for every 200 points you earn.
  • Limited benefits. You won’t get additional benefits like extended travel medical, mobile phone insurance or roadside assistance.
  • Not available in Quebec. This offer is only available to residents of Canada not residing in the province of Quebec.
  • Fee for additional cards. You’ll pay an additional fee of $10 if you want to get more than one card.

What should I know before I apply?

How to apply

  1. Click the green “Go to site” button on this page or click here to be securely directed to the HSBC +Rewards™ Mastercard® application.
  2. Complete the application, which includes providing your name, email address, social insurance number and birth date.
  3. Review and submit your application.

Bottom line

The HSBC +Rewards™ Mastercard® may be a good fit for you if you want a low-interest card that lets you earn points for every dollar you spend. It comes with a low annual fee and offers basic insurance coverage with the option to add travel insurance for an extra fee.

Frequently asked questions about the HSBC +Rewards Mastercard

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