The HSBC Rewards Card is designed for those who want to earn rewards from their daily spending. With this card, you can earn points on every purchase and redeem them for travel, shopping, or cash back.
This guide explains how to maximize your sign-up bonus, manage your account efficiently, and complete your online application with ease. You’ll also learn about interest rates, benefits, and eligibility details before applying.
Understanding the HSBC Rewards Credit Card
Before you apply, it’s important to know how this credit card works and what makes it valuable. The HSBC Rewards Credit Card offers multiple ways to earn reward points while enjoying flexible usage and financial convenience.
This Mastercard is accepted worldwide, allowing you to earn points for every transaction, online or in-store. The card provides 0% interest on purchases for the first six months, helping you manage your spending smartly.
With an assumed credit limit of £1,200, the representative APR is 26.9% (variable), giving you both rewards and flexibility.
Key Features of the HSBC Rewards Credit Card
Knowing what benefits come with the card will help you maximize its use. Below are the most notable features designed to give cardholders extra value.
You can earn 2,500 welcome points (worth £25) after your first purchase and another 2,500 bonus points by spending £10,000 in the first year. The card offers 0% interest for six months on purchases and balance transfers (a 2.99% fee applies).
You also enjoy global Mastercard acceptance, 24/7 assistance, and access to the Mastercard Priceless program for exclusive experiences.
How to Get the Best Sign-Up Bonus?
To make the most of your HSBC Rewards Card, you must understand how to earn bonuses effectively. The following points outline the key steps to maximize your sign-up and anniversary bonuses.
- Earn 2,500 welcome points worth £25 when you make your first purchase using the card.
- Receive an additional 2,500 anniversary points when you spend £10,000 or more within your first year.
- Continue earning anniversary points for up to five years with consistent spending.
- Use your card for groceries, travel, and utility bills to reach your spending target faster.
- Redeem points easily using the Mastercard Pay with Rewards app for purchases or travel.
Maximizing Your Reward Points
Earning points is simple, but maximizing them takes planning. Below are key practices to help you collect more rewards efficiently.
Use your card for everyday spending and recurring payments to accumulate points faster. Always pay your full balance monthly to avoid interest charges and keep your rewards intact.
Redeem points through the HSBC Rewards platform or the Mastercard Pay with Rewards app to offset purchases. Combine your spending with HSBC promotions and travel offers to increase your annual point total.
Eligibility Requirements
Before applying, it’s important to confirm your eligibility to ensure smooth approval. The list below shows the key qualifications you must meet.
- You must be over 18 years old.
- You must be a UK resident.
- Your annual taxable income or pension must be at least £6,800 before tax.
- You cannot hold an HSBC Basic Bank Account.
- You must not already have an HSBC Student or Rewards Credit Card.
- You cannot have opened another HSBC credit card or received a credit limit increase within the last six months.
- Balance transfers are available only within 60 days of account opening.
Application Process
Applying for the HSBC Rewards Credit Card is quick and entirely online. Follow the steps below to complete your application efficiently.
- Visit the official HSBC UK website and navigate to the Rewards Credit Card page.
- Click “Apply now” and fill out the online form with your personal, employment, and income details.
- Provide accurate financial information for affordability checks.
- Submit your application and wait for the approval notification via email or text.
Once approved, activate your card and make your first purchase to earn your welcome bonus.
Fees and Interest Rates
Understanding the financial side of the card is key to using it effectively and avoiding unnecessary costs. The HSBC Rewards Card provides competitive interest rates and manageable fees compared to most reward cards.
The purchase rate stands at 26.9% p.a. (variable), and the representative APR is also 26.9% (variable), assuming a credit limit of £1,200. You can enjoy 0% interest for six months on balance transfers made within 60 days, though a 2.99% transfer fee applies with a minimum charge of £5.
Keep in mind that ATM cash withdrawals and foreign transactions may incur additional fees. Non-HSBC ATMs abroad can also charge extra costs for each withdrawal.
Benefits and Cardholder Advantages
Owning this card comes with exclusive privileges that enhance convenience and financial control. Below are highlights of what you can expect as a cardholder.
You get 24/7 worldwide assistance, including emergency cash support if your card is lost or stolen. Enjoy Mastercard Priceless benefits, which grant access to unique travel and lifestyle experiences.
The card supports digital wallets like Apple Pay and Google Pay for fast and secure payments. You can manage your account, check balances, and make payments anytime through HSBC Online Banking or the mobile app.
Redeeming Your Rewards
HSBC gives you flexible options to use the points you’ve earned. Redeeming rewards is simple and can be done directly through your mobile device.
You can access the Mastercard Pay with Rewards app to redeem your points instantly. Link your card to the app, view your available points, and use them to offset purchases.
Choose to redeem for travel, gift cards, or direct cashback depending on your preference. Points are typically credited within 60 days after each qualifying transaction or annual spend milestone.
Expert Tips to Maximize Value
To make the most of your HSBC Rewards Card, follow these best practices. The list below provides practical actions to help you boost your card’s value.
- Use your card for everyday expenses and recurring payments to earn more points.
- Set up automatic payments to maintain a good credit score and avoid missed payments.
- Take advantage of the 0% interest period for larger purchases within the first six months.
- Track your spending and rewards through the HSBC Mobile App to stay updated on bonuses.
- Redeem points through the Pay with Rewards app for instant discounts on eligible purchases.
Customer Support and Contact Details
Reliable customer assistance is essential for smooth card management. HSBC provides multiple ways to reach support anytime you need help.
You can contact HSBC Customer Service at 03457 404 404 if calling within the UK. For international assistance, visit the HSBC website and access the support section for emergency services.
Lost or stolen card? You can request an emergency cash advance or card replacement 24/7. For further inquiries, check the HSBC UK contact page for the most updated communication options.
Conclusion: Make Every Purchase Rewarding
The HSBC Rewards Credit Card gives you a flexible way to earn, redeem, and save while managing your finances efficiently. You can easily access the HSBC rewards card program, take advantage of bonus offers, and apply online within minutes.
With its no-annual-fee structure and global acceptance, it’s ideal for those who want both convenience and rewards. Always remember to spend responsibly and enjoy the benefits this card offers.
Disclaimer: Terms, conditions, and rates can change without notice. Always confirm the latest details with HSBC UK before applying or using the card.
