Compare HSBC Rewards Mastercards

Learn more about the different types of HSBC Rewards Mastercards on offer so you can pick the best one for your needs.

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HSBC

HSBC is a reputable Canadian bank that offers a suite of personal and business credit cards as part of its HSBC Rewards Program. These cards 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 through the HSBC Rewards Centre.

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

Compare HSBC Rewards Mastercards

Name Product Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Benefits with this card Description
HSBC +Rewards™ Mastercard®
11.9%
11.9%
$0 annual fee for the first year ($25 thereafter)
N/A
Earn 2 Points for every $1 spent on eligible dining or entertainment purchases.
Earn 10,000 Points ($50 travel value). Plus, get a full annual fee rebate for the Primary Cardholder for the first year. Apply by June 29, 2020. This offer is only available to residents of Canada other than the province of Quebec. Conditions apply.
HSBC World Elite® Mastercard®
19.9%
22.9%
$0 annual fee for the first year ($149 thereafter)
$80,000
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).
Earn up to 60,000 Points ($300 travel value). Plus, get a full annual fee rebate for the Primary Cardholder for the first year. Apply by June 29, 2020. This offer is only available to residents of Canada other than the province of Quebec. Conditions apply.
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What types of HSBC Rewards Mastercards are there?

HSBC offers a number of different personal and business Mastercards. You can pick from seven personal cards in total, 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 cards on offer from HSBC 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.

Card

Annual fee

Fee for extra cards

Welcome bonus

Points per dollar

Key benefits

HSBC Mastercard

$0

$0

No welcome bonus

No points

Extended warranty
Optional travel medical

HSBC Advance Mastercard

$0

$0

5,000 points

0.75 points per dollar

Car rental insurance
Purchase protection
Common carrier insurance
Optional travel medical

HSBC Premier Mastercard

$0

$0

5,000 points

0.75 points per dollar

17-day travel medical
Common carrier insurance
Car rental insurance
Discounts at hotels and airport lounges

HSBC +Rewards™ Mastercard®

$25

$10

1 point per dollar

11.9% interest rate
Purchase protection
2x the points for dining/entertainment purchases

HSBC World Elite® Mastercard®

$149

$50

60,000 points

3 points per dollar

31-day travel medical
No foreign transaction fees
$100 travel credit
2x the points on travel purchases

HSBC Premier World Elite Mastercard

$149 (with $50 rebate)

$0

20,000 points

3 points per dollar

31-day travel medical
No foreign transaction fees
$100 travel credit
2x the points on travel purchases

HSBC Jade World Elite Mastercard

$299

$0

No welcome bonus

3 points per dollar

31-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 Rewards Mastercard

You’ll be able to earn HSBC Rewards Points whenever you spend money on your credit card.

All of HSBC’s 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 of HSBC’s 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?

The number of points you can earn on your HSBC Rewards Mastercard 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.

Bottom line

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 Rewards Mastercards

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