HSBC Rewards: Everything You Need to Know 2024

HSBC Rewards

Earn points

There’s only one way to earn HSBC Rewards points: with HSBC Rewards credit cards.

As of September 29, 2023, HSBC credit cards are no longer available in Canada, following the acquisition of HSBC Canada by RBC.

The HSBC World Elite Mastercard and the HSBC Premier World Elite Mastercard allow you to earn:

6 points per dollar on all eligible travel purchases
3 points per dollar on other eligible purchases

The HSBC +Rewards Mastercard allows you to earn:

2 points per dollar on eligible food and entertainment purchases
1 point per dollar on other eligible purchases

Finally, with the HSBC Premier World Elite^® Mastercard^® and the HSBC Advance Mastercard^® , you can earn:

0.75 points per dollar on eligible purchases

Note: there is a difference in the point redemption features of some cards (see the “Redeem” tab).

Redeem points

The best way to redeem HSBC points is for a statement credit towards eligible travel purchases booked with your card or for points to miles conversion (for selected cards only)

You will find below many ways to redeem your HSBC points.

Rewards for miles

Only 2 HSBC Rewards credit cards allow you to convert your points into frequent flyer miles:

HSBC World Elite^® Mastercard^®
HSBC Premier World Elite Mastercard

3 frequent flyer programs are offered:

Asia Miles
Singapore Airlines Krisflyer
British Airways Executive Club

You can convert your points according to this conversion structure:

Program	HSBC Rewards Points	frequent flyers miles
Asia Miles	25,000 points	8,000 miles
	35,000 points	11,200 miles
	45,000 points	14,400 miles
Singapore Airlines Krisflyer	25,000 points	9,000 miles
	35,000 points	12,600 miles
	45,000 points	16,200 miles
British Airways Executive Club	25,000 points	10,000 miles
	35,000 points	14,000 miles
	45,000 points	18,000 miles

Travel rewards

All the HSBC Rewards credit cards offer the optionto redeem points for a statement credittowards eligible travel purchases booked on the card.

Points redemptions can be done during a 60 days-period from booking and with this redemption structure:

25,000 points = $125
35,000 points = $175
45,000 points = $225

Financial rewards

If you are a HSBC Bank customer, you can redeem HSBC Rewards points to:

pay down your HSBC residential mortgage
add to your HSBC personal savings account
reduce your credit card account balance

These will not be advantageous solutions in terms of points value.

Gift cards and merchandise

Finally, like any points program, you can redeem your HSBC Rewards for 100 gifht card and merchandise options.

That is a solution that we do not recommend.