Up to 50,000 Points + First-Year Free!
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Earn 25,000 points with the HSBC Travel Rewards Mastercard®!

To the point For a limited time, earn 25,000 points with the HSBC Travel Rewards Mastercard, a no-fee credit card.

Welcome offer

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.

An HSBC Rewards Card

The HSBC Travel Rewards Mastercard® is part of the HSBC Rewards program.

Let’s look at how to earn HSBC Rewards points with this card, and more importantly, how to redeem them to save on travel!

Introducing the HSBC World Elite® Mastercard®
HSBC at all global airports

HSBC Rewards Points earning

With the HSBC Travel Rewards Mastercard®, you earn:

  • 3 points per dollar on travel purchases (1.5% value in travel rewards)
  • 2 points per dollar on gas and everyday transportation purchases (1% value in travel rewards)
  • 1 point per dollar on other purchases (0.5% value in travel rewards)

This makes the HSBC Travel Rewards Mastercard® one of the best no-annual-fee credit cards for travel purchases and gas and transportation purchases.

Accepted at Costco

The HSBC Travel Rewards Mastercard® is a Mastercard credit card .

This card will be accepted at Costco and you will earn 1 point per dollar at Costco (0.5% value in travel rewards).

Redeeming HSBC Rewards Points

For travel

Using HSBC Rewards points for travel rewards will be the best possible use of your points earned with the HSBC Travel Rewards Mastercard®.

25,000 HSBC Rewards points are worth $125 in travel rewards.

To use your HSBC Rewards points, charge any travel purchase to your HSBC Travel Rewards Mastercard® (and earn 3 points per dollar for that purchase in the process).

Then you can go to the HSBC Rewards portal to apply your points to your purchases and get a credit to your credit card account.

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Here is an example of an Air Transat ticket purchase on an HSBC Rewards credit card:

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

Or for purchases on Airbnb or Hotels.com:

Airbnb Hotels Hsbc
HSBC points redeemed for Airbnb or hotels.com purchases
airbnb featured

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

Points Statement credit
25 000 $125
35 000 $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

Therefore, you will need to have a minimum of 25,000 points to get a statement credit.

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

As always, my advice will be to redeem your HSBC Rewards points for travel and not gift cards.

However, if you have a balance of fewer than 25,000 points (and therefore cannot be used for travel), it may be convenient to liquidate your points through this method.

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

Insurance

Although there is no annual fee, the HSBC Travel Rewards Mastercard® offers several insurance coverages, including travel.

Baggage delay insurance

In terms of baggage delay insurance, the HSBC Travel Rewards Mastercard® offers a coverage of $100 per day (up to 3 days) for the purchase of necessities if your checked baggage is delayed by the carrier for 6 hours or more from the arrival time at your scheduled trip destination.

Trip Interruption Insurance

The HSBC Travel Rewards Mastercard® provides coverage up to $1,500 per insured person ($5,000 per trip) in terms of trip interruption insurance.

This includes all non-refundable expenses (prepaid trips) in the event of cancellation, as well as costs incurred for the change of ticket or the cost of a ticket to return home early.

Hotel/Motel Burglary Insurance

Regarding hotel/motel theft insurance, the HSBC Travel Rewards Mastercard® provides coverage up to $1,000 per occurrence.

Purchase Assurance and Extended Warranty Insurance

Finally, in terms of purchase and extended warranty insurance, the HSBC Travel Rewards Mastercard® offers 90 days of coverage from the date of purchase in the event of loss, damage or theft.

And offers an automatic doubling of the manufacturer’s warranty for up to one additional year.

Worldwide Emergency Travel Medical insurance

For $69/year (including applicable taxes), you can get with the HSBC Travel Rewards Mastercard®:

  • Emergency Travel Medical Insurance
  • Trip Cancellation and Trip Interruption insurance
  • Baggage Delay or Loss Insurance

Conclusion

The HSBC Travel Rewards Mastercard® is for those who do not want to pay an annual fee on a credit card but still want to enjoy travel rewards and some insurance benefits.

Also, this card does not require a minimum income unlike the HSBC World Elite® Mastercard® (you may eventually get that one later, after establishing a relationship with HSBC).

Social Insurance Number

Important: When applying for an HSBC credit card , please provide your Social Insurance Number (SIN). So you may avoid a visit to an HSBC branch!

Come to discuss that topic in our Facebook Group!

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