You will find below the best credit card offers from HSBC Bank Canada:
Here is a table summarizing the different offers. For more details, read on or click on the name of a card.
HSBC Credit Cards for Travel Rewards
HSBC World Elite® Mastercard®
The HSBC World Elite Mastercard is an excellent no-conversion-fee credit card for foreign currency purchases, especially for your travel purchases.
For a limited time, you can get:
- Up to 110,000 points (a $550 value in travel rewards) if you live in Quebec and with no minimum purchase!
- Up to 80,000 points (a $400 value in travel rewards) and first-year annual fee waiver if you live outside Quebec
With the HSBC World Elite® Mastercard®, you can earn:
- 6 points per dollar for travel purchases (flights, hotels, Airbnb, all-inclusive, etc.)
- 3 points per dollar for all other purchases including Costco
This means a return of 1.5% to 3% depending on your purchases!
You can easily redeem your points on any travel purchase made with the HSBC World Elite Mastercard (flights, hotels, Airbnb, all-inclusive, etc). But you can also transfer your points to three airline loyalty programs: British Airways Executive Club, Asia Miles and Singapore Airlines Krisflyer.
In addition, the HSBC World Elite Mastercard comes with:
- $100 Annual Travel Credit (for airport lounges, for example)
- Unlimited access to Boingo WiFi hotspots around the world
- 10% discount for hotel bookings on Expedia or Agoda
- Premium insurance for your travels and purchases
Finally, the HSBC World Elite Mastercard does not charge any conversion fees for foreign exchange transactions: you save 2.5% for each transaction.
HSBC Travel Rewards Mastercard
With the HSBC Travel Rewards Mastercard®, you can earn 25,000 points as a welcome bonus with no minimum spending (for Quebec).
With this no annual fee credit card, you get:
- 3 points per dollar on travel purchases
- 2 points per dollar on gas and everyday transportation purchases
- 1 point per dollar on all other purchases
You can use your points to pay for travel or to get many other rewards.
In addition, you will get Trip Interruption Insurance, Baggage Delay Insurance, Hotel/Motel Burglary Insurance, Extended Warranty Insurance and Purchase Insurance.
HSBC Credit Cards for Cash Back
HSBC Cash Rewards Mastercard®
With the HSBC Cash Rewards Mastercard®, you can earn $125 cash back as a welcome bonus with no minimum spending (for Quebec).
With this no annual fee credit card, you get:
- 1.5% cash back per dollar on online purchases
- 1% cash back per dollar on gas, grocery and drugstore purchases
- 0.5% cash back per dollar on all other everyday purchases
Plus, you get Mobile Device Insurance, Purchase Insurance and Extended Warranty Insurance.
HSBC Low Rate Credit Cards
HSBC +Rewards™ Mastercard®
The HSBC +Rewards™ Mastercard® is a credit card offering rewards and a low-interest rate (11.9%). With the HSBC +Rewards™ Mastercard®, you can earn:
- 2 points per dollar on eligible dining or entertainment purchases
- 1 point per dollar for all other purchases
This credit card is one of the only ones in Canada to offer a Price Protection Service: find a lower price within 60 days of your purchase, the difference will be refunded, up to $500 per eligible item!
For a limited time, you can get:
- 40,000 points* ($200 value in travel rewards) if you live in Quebec
- 35,000 points* ($175 value in travel rewards) and a first-year annual fee waiver* if you live outside Quebec
No minimum income is required to get this credit card.
Rewards earned
In 2022, HSBC credit cards won several awards:
| Price | Card |
| Best Mastercard Travel Card | HSBC World Elite® Mastercard® |
| Best No Foreign Transaction Fee Credit Card | HSBC World Elite® Mastercard® |
| Best Low-Interest Credit Card | HSBC +Rewards Mastercard |
Best Mastercard Travel Card
The HSBC World Elite® Mastercard® is the Best Mastercard Travel Credit Card in 2022 in Canada for these reasons:
- Earning rate on travel purchases (6 points per dollar or 3%)
- No Foreign Transaction Fee
- $100 Annual Travel Credit
- Flexible Rewards
- Accepted at almost every retailer worldwide
Best No Foreign Transaction Fee Credit Card
The HSBC World Elite® Mastercard® is the Best No Foreign Transaction Fee Credit Card in 2022 in Canada for these reasons:
- Earning rate on travel purchases (6 points per dollar or 3%)
- No Foreign Transaction Fee
- $100 Annual Travel Credit
- Flexible Rewards
- Accepted at almost every retailer worldwide
Best Low-Interest Credit Card
The HSBC +Rewards™ Mastercard® is the Best Low Interest Credit Card in 2022 in Canada for these reasons:
- Low annual interest rate on purchases, cash advances and balance transfers of 11.9%
- 1 to 2 points per dollar of purchases (= 0.5 to 1% in travel rewards)
- Accepted at almost every retailer worldwide
Frequently Asked Questions
Here are frequently asked questions in the milesopedia community about credit cards in Canada.
What is the best HSBC credit card in Canada?
The best HSBC credit card is the HSBC World Elite® Mastercard®. This card has no foreign transaction fee, and you can earn up to 6 points per dollar.
If you live outside of Quebec, you can regularly benefit from an annual fee rebate for the first year.
Note: All HSBC credit cards offer purchase protection.
Finally, if you qualify for HSBC Premier, you can apply for the HSBC Premier World Elite® Mastercard®.
What are the criteria to apply for an HSBC credit card in Canada?
No minimum income is required to apply for the HSBC +Rewards™ Mastercard®.
On the other hand, you need an annual personal income of $80,000 or household income of $150,000 to apply for the HSBC World Elite® Mastercard®, as well as a good credit score. This is the best HSBC credit card.
HSBC Premier eligible customers can get the HSBC Premier World Elite® Mastercard®.
Which credit bureau is verified by HSBC Canada?
HSBC partners with Equifax to check your credit score to approve you for an HSBC credit card.
What types of points are available on HSBC Rewards credit cards?
Through the HSBC Rewards program, HSBC credit cards offer rewards points you can use for:
- travel
- converting HSBC Rewards points to miles
- gift cards and products
- wellness rewards
- financial rewards
HSBC Rewards is simple to use: you can easily apply your HSBC Rewards points to a travel purchase made with your HSBC Rewards credit card.
How do I apply for an HSBC credit card in Canada?
As for most Canadian credit cards, Milesopedia is partnered with HSBC Bank to promote HSBC credit cards. Click on the button Apply Now of the HSBC Canada credit card you are interested in and start your application process!
Tip: Feel free to provide your Social Insurance Number (SIN) via the secure process when applying for an HSBC credit card. This can save you a trip to an HSBC branch to prove your identity and get your HSBC credit card approved.
How do I contact HSBC Mastercard customer service?
If you have any questions about any of the HSBC credit cards, you can contact HSBC Mastercard at 1-866-406-4722. If you are an HSBC Premier customer and have questions about your HSBC Mastercard credit card, call 1-866-405-4722.
Is there an HSBC Premier credit card in Canada?
Yes, there is an HSBC Premier Mastercard credit card in Canada.
HSBC Premier-eligible customers are eligible for an HSBC Premier Mastercard credit card: the HSBC Premier World Elite® Mastercard®.
The HSBC Premier World Elite® Mastercard® has the same features as the HSBC World Elite® Mastercard®. However, HSBC Premier customers receive a $50 rebate on their HSBC Premier World Elite® Mastercard® annual fee. In addition, there is no annual fee for adding authorized users to an HSBC Premier World Elite® Mastercard®.