HSBC Cash Rewards Mastercard Promotion: 3% Cash Back First Year + No Annual Fee

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If you’re a constant spender, this might be one of the most rewarding no annual fee cards you can have for everyday use. With this card, you can earn cashback rewards on purchases you make regularly.

Upon approval of the HSBC Cash Rewards Mastercard® credit card, you have the opportunity at earning an introductory 3% cash back ($300) on all purchases in the first 12 months from account opening, up to the first $10,000 in purchases AND receive a 10% anniversary bonus on all cash rewards earned once a year!

If these few benefits sound appealing to you, continue to read below for more of what the HSBC Cash Rewards Mastercard® credit card has to offer.

HSBC Cash Rewards Mastercard Summary

HSBC Cash Rewards Mastercard – 3% Cash Back Features

HSBC Cash Rewards Mastercard 

After hitting the $10,000 threshold in the first 12 months of opening your account, you can earn $300 cash back. There are many ways to go about this. Down below are several options to acquiring these points.

Earning Cash Back

The HSBC Cash Rewards Mastercard automatically earns you 1.5% cash back on all your purchases. There are no caps and your cash back doesn’t expire. Considering that the average cash rewards card gives you about 1% cash back, this card is pretty profitable.

Redeeming Cash Back

Redeem your cash back for a statement credit, a deposit into an HSBC account, travel and experiences, gift cards, merchandise, or charity. There is no minimum redemption, so redeem as much or as little cash back as you’d like.

HSBC Cash Rewards Cardholder Benefits

The HSBC Cash Rewards Mastercard® credit card offers basic shopping and travel protections for its cardholders. It also comes with:

10% Bonus Cash Back: The HSBC Cash Rewards Mastercard gives you a bonus equal to 10% of the cash back rewards that you earn each year, following your account anniversary. This is a unique benefit that increases the 1.5% cash back you already earn.

No Foreign Transaction Fee: Keep all the rewards you earn as you shop overseas without paying a foreign transaction fee.

Author’s Verdict

Apply for the HSBC Cash Rewards Mastercard® Credit Card and take advantage of the many benefits that this card has to offer! The 10% bonus cash back is an exclusive offer for your card member anniversary as you earn rewards throughout the year. With no foreign transaction fees, customers are free make purchases abroad without having to worry about an APR their first year!

If you’re looking for a card that buys you extra time on paying your existing debt and to avoid any high interest, this card is definitely a great candidate! It’s perfect for cardholders who aren’t looking for anything special but will get the job done.

Provide feedback in the comment section below by telling us your thoughts and experience with this credit card. If you’re just looking for more credit card options in general, then definitely check out our Best Credit Card Deals! For more of what HSBC has to offer, see our list of the latest HSBC promotions.

Learn more about this card and its features here.

Alternative Credit Cards Options

There are some other cash back cards that would serve as an alternative to the HSBC Cash Rewards Mastercard® credit card. These include the Chase Freedom Unlimited® Card, American Express Cash Magnet® Card and Capital One® Quicksilver®Cash Rewards Card.

The Chase Freedom Unlimited® Card offers a $200 bonus after spending $500 on purchases in your first 3 months from account opening. Enjoy 0% Intro APR for 15 months from account opening on purchases and balance transfers. In addition, you can earn: • 6.5% cash back on travel purchased through Chase TravelSM, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more • 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service • 3% on all other purchases (on up to $20,000 spent in the first year). After your first year or $20,000 spent, enjoy 5% cash back on travel purchased through Chase TravelSM, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases. There is no minimum to redeem for cash back & your cash back rewards do not expire as long as your account is open. This card comes with no annual fee and you'll get a free credit score that is updated weekly with Credit JourneySM. Member FDIC Learn More About This Card

The Capital One Quicksilver Cash Rewards Card offers $200 Cash Back after spending $500 on purchases within 3 months from account opening. 0% intro APR on purchases and balance transfers for 15 months; 19.24% - 29.24% variable APR after that; balance transfer fee applies You'll earn: • 1.5% Cash Back on every purchase, every day with no rotating categories or sign-ups needed to earn cash rewards. • Unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply. This card comes with no annual fee and no foreign transaction fees which makes this card a viable option for your go-to everyday card. Learn More About This Card

The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.