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.
A straightforward loyalty program
The HSBC +Rewards™ Mastercard® is part of the HSBC +Rewards loyalty program. Let’s see how to use your points for rewards!
You can use your HSBC +Rewards™ Mastercard® points in many ways:
The first solution is my favourite. However, if you don’t travel, the other two options may be interesting for you!
Using HSBC Rewards points for travel rewards is one of the best uses of your HSBC +Rewards™ Mastercard® points.
40,000 HSBC Rewards points are worth $200 in travel rewards.
To use your HSBC Rewards points, charge any travel purchase to your HSBC +Rewards™ Mastercard®.
Then you can go to the HSBC Rewards portal to apply your points on your travel purchases and get a statement credit. This is what we do in our family to rent apartments on Airbnb or reduce our flights’ cost to visit our family in France!
Here is, for example, the purchase of an Air Transat flight between Montreal and Nice:
Or some Airbnb or Hotels.com expenses in New Zealand:
To redeem HSBC Rewards points, it works with a chart starting at 25,000 points ($125):
Therefore, you will need to have a minimum of 25,000 points to get a statement credit.
And when it comes to “travel,” you don’t have to leave Canada to take advantage of it!
This could be for example:
- An apartment or cottage rental on Airbnb
- Airline or train tickets to travel in the country
- A car rental
- And much more!
The following purchases have been recognized as travel purchases by HSBC:
For gift cards and products
Like all the loyalty programs, you can use your HSBC Rewards points for gift cards.
Many retailers are available such as Costco, Esso, Amazon, Best Buy, Disney, Transat, Via Rail, IGA. Here are some examples and costs in points:
|Gift-card||HSBC Rewards Points||Value|
|Best Buy||80 900||$250|
|Disney||41 300||US$ 100|
For financial rewards
Finally, the last option to use HSBC Rewards points is for financial products offered by HSBC.
Here are the different possible redemptions:
|HSBC Rewards Points||Value|
|HSBC Mastercard Account Credit||25 000||$75|
|HSBC Mortgage Account Credit||25 000||$100|
|HSBC Savings Account Credit||25 000||$75|
If you can’t qualify for the HSBC World Elite® Mastercard®, this is a good way to get a credit card with HSBC. That way, you may receive an upgrade offer at a later date!