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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.

Get 20,000 Points (up to $100 in value), plus get a 1st year annual fee waiver. Apply by September 27, 2021.


Purchase Interest Rate

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

Annual Fee


Product NameHSBC +Rewards™ Mastercard®
RewardEarn 2 Points for every $1 spent on eligible dining or entertainment purchases.
Welcome OfferGet 20,000 Points (up to $100 in value), plus get a 1st year annual fee waiver. Apply by September 27, 2021. Terms and Conditions Apply. This offer is only available to residents of Canada other than the province of Quebec (Quebec residents eligible for separate offer).
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. 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 the Primary Cardholder ($25 value). Apply by September 27, 2021.
  • 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.
  • 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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