HSBC Cash Rewards Mastercard | Cash Back Milesopedia
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HSBC Cash Rewards Mastercard®

HSBC Cash Rewards Mastercard®
Welcome Bonus
$125 cash back
Ends Feb 28, 2023
Annual Fee
$0
  • No annual fee
  • 1.5% cash back on online purchases
  • Accepted at Costco
Interest rates
Purchase Rates
20.99 %
Cash Advance Rates
21.99 %
Balance Transfer Rates
21.99 %
Best credit card Online purchases- Reversed

Offer

  • Special offer: Earn $125 cash back if you keep your account open and active for 180 days. Must apply by February 28, 2023. Conditions apply.
  • 1.5% cash back on up to $6,000 of your online purchases. And yes, this includes streaming services, online subscriptions and food delivery. Score!
  • 1% cash back on your gas, grocery and drugstore purchases.
  • 0.5% cash back on (almost) everything else you buy with your card.
  • Redeem sooner – You only need to reach $25 in cash back to redeem.
  • Redeem when you want – Redeem for cash back as a statement credit online. See how easy it is at rewards.hsbc.ca
  • Redeem to pay down or save up – Use your cash back for a credit towards your residential mortgage account, or credit card, or to top up your savings account.

This offer is only available to residents of Quebec. For residents of other provinces/territories, please click here.

Card Awards

Best credit card – online purchases

Fees & Conditions

Personal Income $0
Household Income $0
Annual Fee $0
First Additional Card $0
Other Additional Card $0
Foreign Transaction Fee 2.5%
Purchase Rate (QC) 20.99%
Cash Advance Rate (QC) 21.99%
Balance Transfer Rates (QC) 21.99%

Value

Calculate the rewards
Your Monthly Spending
Year 1
Year 2+
Welcome Bonus
0 $
Annual Credit
Travel benefits
VIP Lounges
First year offer value
Rewards Earned
Annual fee
Net value

Advantages

Offer ends on Feb 28, 2023
Welcome Bonus amount $125 cash back
Minimum Spending Required $0
Costco

Earnings

Per dollar of purchases

All Spending 0.5 %
Groceries 1 %
Gas 1 %
Dining and Food delivery 0.5 %
Convenience Stores 0.5 %
Drugstores 1 %
Local Transport 0.5 %
Travel 0.5 %
Entertainment 0.5 %
Recurring Payments 0.5 %
Telecom/Internet 0.5 %
Streaming services 1.5 %
Online transactions 1.5 %
Office Supplies 0.5 %

Insurance

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
Travel medical insurance up to 64 years old
Travel medical insurance 65+
Trip Cancellation Insurance
Trip Interruption Insurance
Common Carrier Travel Accident Insurance
Flight Delay Insurance
Delayed Baggage Insurance
Lost/Stolen Baggage Insurance
Auto Rental Loss/Insurance
Hotel/Motel Burglary Insurance

Other Insurance

Insurance Name
Included
Amount
Duration
Extended Warranty
1 year
Purchase Protection
90 day(s)
Mobile Device Insurance
$1,000
1 year
Price Protection

Our review

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.

Alternative Cards

  • Low-interest
  • 2X points on dining and entertainment
  • Accepted at Costco
Best low-interest credit card in 2023
  • Get up to $200 in total value* for the first year! Must apply by February 28, 2023. Conditions apply.
  • Earn 2 Points for every $1 spent on eligible dining or entertainment purchases
  • Earn 1 Point for every $1 spent on all other eligible purchases
  • HSBC’s lowest interest rate for purchases, cash advances and balance transfers:
    • Annual Interest on Purchases: 11.9%
    • Annual Interest on Cash Advances and Balance Transfers: 11.9%
  • Price Protection Service – find a lower price within 60 days of your purchase, the difference will be refunded, up to $500 per eligible item
  • Primary Cardholder Annual Fee: $25
  • Authorized User Annual Fee: $10 Per Card
Legal

*Terms and Conditions apply ®/TM Mastercard and World Elite are registered trademarks and the circle concept is a trademark of Mastercard International Incorporated. Used pursuant to license.

Annual Fee
  • Primary card $25
  • Additional card $10
Annual Income Required
  • Individual $0
  • Household $0
Conversion fees
  • 2.5 %
Interest Rates
  • Purchase Rates 11.9 %
  • Cash Advance Rates 11.9 %
  • Balance Transfer Rates 11.9 %
Earning Rate
  • Entertainment2Points
  • Dining and Food delivery2Points
  • All Spending1Point
Value
  • Year 1 $305
  • Year 2+ $105
Best For
Transfer Partners
  • HSBC Plus Rewards Program

Advantages

  • Annual Credit
  • VIP Lounges
  • Concierge
  • Wifi
  • Travel credit

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
Travel medical insurance up to 64 years old
Travel medical insurance 65+
Trip Cancellation Insurance
Trip Interruption Insurance
Common Carrier Travel Accident Insurance
Flight Delay Insurance
Delayed Baggage Insurance
Lost/Stolen Baggage Insurance
Auto Rental Loss/Insurance
Hotel/Motel Burglary Insurance
  • No annual fee
  • 3X points on travel purchases
  • Accepted at Costco

Special offer: Earn 25,000 points* ($125 travel value) if you keep your account open and active for 180 days. Must apply by February 28, 2023. Conditions apply.

Collect points and reward yourself anytime;

  • 3 points for every $1 spent on eligible travel purchases* (car rentals, vacations, hotel flights, etc.)
  • 2 points for every $1 spent on eligible gas and daily transportation purchases* (subway, train, taxi, etc.)
  • 1 point for every $1 on all other eligible everyday purchases*
  • Redeem your points your way – the choice is yours
Legal

*Terms and Conditions apply

®/TM Mastercard and World Elite are registered trademarks, and the circles design is a trademark of Mastercard International Incorporated. Used pursuant to license.

Annual Fee
  • Primary card $0
  • Additional card $0
Annual Income Required
  • Individual $0
  • Household $0
Conversion fees
  • 2.5 %
Interest Rates
  • Purchase Rates 20.99 %
  • Cash Advance Rates 21.99 %
  • Balance Transfer Rates 21.99 %
Earning Rate
  • Travel3Points
  • Air Canada3Points
  • Local Transport2Points
Value
  • Year 1 $280
  • Year 2+ $155
Best For
Transfer Partners
  • HSBC Plus Rewards Program

Advantages

  • Annual Credit
  • VIP Lounges
  • Concierge
  • Wifi
  • Travel credit

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
Travel medical insurance up to 64 years old
Travel medical insurance 65+
Trip Cancellation Insurance
Trip Interruption Insurance
$1,500
Common Carrier Travel Accident Insurance
Flight Delay Insurance
Delayed Baggage Insurance
$100
Lost/Stolen Baggage Insurance
Auto Rental Loss/Insurance
Hotel/Motel Burglary Insurance
$1,000
  • No Foreign Transaction Fee
  • $100 Annual Credit
  • Accepted at Costco
Best No-FX fee credit card in 2023

Special offer: Earn up to 110,000 ($550 travel value)* PLUS receive a $100 annual travel enhancement credit*. Must apply by February 28, 2023. Conditions apply.

  • Welcome bonus of 20,000 points* ($100 travel value)
  • Earn 70,000 points* when you keep your account open and active for 6 months ($350 travel value)
  • Earn 20,000 points* as an anniversary bonus ($100 travel value)
  • Receive a $100 annual travel enhancement credit*

With the HSBC World Elite Mastercard you earn:

  • 6 points for $1 in Net Purchases which are Travel Purchases
  • 4 Points for $1 in Net Purchases that are Gas, Grocery and Drugstore Purchases
  • 2 Points for $1 in Net Purchases, other than Travel, Gas, Grocery and Drugstore Purchases.

Save on all your foreign currency purchases (even online) with no additional foreign currency conversion charges.

Enjoy maximum flexibility and redeem your Points on your terms for:

  • Travel
  • Gift cards and valuable merchandise
  • Financial rewards
  • Rewards for miles

 

Legal

*Terms and Conditions apply

®/TM Mastercard and World Elite are registered trademarks, and the circles design is a trademark of Mastercard International Incorporated. Used pursuant to license.

Earning Rate
  • Travel6Points
  • Air Canada6Points
  • Groceries4Points
Value
  • Year 1 $1,040
  • Year 2+ $380
Best For
Transfer Partners
  • Asia MilesBritish Airways Executive ClubKrisFlyerHSBC World Elite Rewards Program

Advantages

  • Annual Credit
  • VIP Lounges
  • Concierge
  • Wifi
  • Travel credit

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
$2,000,000
31 day(s)
Travel medical insurance up to 64 years old
$2,000,000
31 day(s)
Travel medical insurance 65+
$2,000,000
21 day(s)
Trip Cancellation Insurance
$2,000
Trip Interruption Insurance
$2,000
Common Carrier Travel Accident Insurance
$750,000
Flight Delay Insurance
$500
Delayed Baggage Insurance
$200
Lost/Stolen Baggage Insurance
$1,000
Auto Rental Loss/Insurance
$65,000
31 day(s)
Hotel/Motel Burglary Insurance
$1,000