Review: HSBC Credit Cards

HSBC offers 6 consumer credit cards, none of which are particularly inspiring unless yyou are an HSBC client with a lot of money in other HSBC accounts. Below we offer a brief summary / review of each HSBC card:

  • HSBC Cash Rewards Mastercard – The best of the HSBC offerings, at least for those who don’t have a significant HSBC banking relationship already, this no-annual-fee credit card offers a flat 1.5% cash back on every purchase you make with the card, plus it gives you a yearly bonus of 10% of the previous year’s earnings, so the overall cash-back rate comes out to 1.65% provided you hold the card long enough to get that yearly bonus. No foreign transaction fees for purchases outside of the United States, a somewhat unique feature on a no-annual-fee card. Bonus opportunity of $150 if you spend at least $500 with the card in the first three months of having it.
  • HSBC Gold Mastercard – Standard credit card offers no rewards; it’s main selling point is the fact that you get a 0% interest rate on purchases and balance transfers for the first 18 months you have the card. No annual fee.


  • HSBC Platinum Mastercard with Rewards – A rather boring rewards credit card that gives you just 1 point per dollar charged to the card. Redeem points for merchandise, cash back, gift cards, etc. No annual fee.
  • HSBC Advance Mastercard – This card is only for HSBC Advance or Premier customers, meaning you’ll need at least $5000 in an HSBC checking account to get it (or at least $10,000 if you don’t have a direct deposit into the account each month). Even then, the card is only OK. You get 2 points per dollar on dining and select entertainment purchases, 1 point per dollar everywhere else. Bonus opportunity of 25,000 points (worth $250) if you spend at least $1500 with the card in the first 3 months.
  • HSBC Premier World Mastercard – This card is only for HSBC Premier customers, meaning you’ll need at least $100,000 in other HSBC accounts to qualify. If that’s you, you don’t pay any additional fee to get this travel card that gives you 2 points per dollar on travel purchases, and 1 point per dollar on other purchases, plus a $50 Uber/Lyft credit, an $85 TSA Pre credit, and a bonus opportunity of 35,000 points if you spend at least $3000 with the card in the first 3 months.
  • HSBC Premier World Elite Mastercard – Also only for HSBC Premier customers, this card’s got a $395 annual fee but healthier rewards. You get 3 points per dollar on travel, 2 points on dining, 1 point everywhere else. Also includes a $100 air travel credit, a $100 Uber/Lyft credit, airport lounge access, and a bonus opportunity of 50,000 points (worth $750 if used toward airfare) when you spend at least $4000 with the card in the first three months.