HSBC +Rewards Mastercard: Up to 40,000 points! | Milesopedia
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Earn up to 40,000 points with the HSBC +Rewards Mastercard!

To the point HSBC has just launched a new welcome offer for this credit card, offering rewards and a low-interest rate.

Welcome offer

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!

Using points

For travel

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!

Lounge VIP Luberon Marseille T1B 25

Here is, for example, the purchase of an Air Transat flight between Montreal and Nice:

Introducing the HSBC World Elite® Mastercard®
Redeeming HSBC points for an Air Transat flight ticket

Or some Airbnb or expenses in New Zealand:

Airbnb Hotels Hsbc
HSBC points redeemed for Airbnb or purchases
Best Tips for Finding Your Airbnb Rental
Airbnb - New Zealand

To redeem HSBC Rewards points, it works with a chart starting at 25,000 points ($125):

Points Statement credit
25 000 $125
35000 $175
45 000 $225
55 000 $275
65 000 $325
75 000 $375
85 000 $425
95 000 $475
105 000 $525
115 000 $575
125 000 $625
135 000 $675
etc. etc.
Best Tips for Finding Your Airbnb Rental
Airbnb - Provence

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:

Hsbc Travel Points
Hsbc Travel Points

For gift cards and products

Like all the loyalty programs, you can use your HSBC Rewards points for gift cards.

Introducing the HSBC World Elite® Mastercard®
Gift gift cards with HSBC Rewards points

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
Costco 65 000 $200
Esso 33 400 $100
Amazon 33 400 $100
Best Buy 80 900 $250
Disney 41 300 US$ 100
IGA/Sobeys/Safeway 17 600 $50

For financial rewards

Finally, the last option to use HSBC Rewards points is for financial products offered by HSBC.

Introducing the HSBC World Elite® Mastercard®
Personal finance products

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

Bottom line

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!

Come to discuss that topic in our Facebook Group!
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Jean-Maximilien is an expert in Canada and France about Loyalty programs, Credit cards and Travel. He is the Founding President of Milesopedia.

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