The HSBC Rewards Credit Card offers a nice little package. Not only is there the ability to earn reward points, but there is also a generous welcome offer and a comparatively flexible reward redemption process.
For the majority of the HSBC credit cards at least a good (700+) or excellent (750+) credit score is needed. The only exception is the HSBC Cash Rewards Mastercard Student Account which you can get with a fair (640+) credit score, but also a limited credit history.
Charge everything (and pay it back quickly)
You can maximize rewards by charging all your purchases to your credit card. Rewards cards offer either a set number of points/miles or a percentage of cash back on every dollar spent. So the more you charge, the greater your rewards.
The HSBC Cashback Credit Card provides regular card benefits like cash advance, additional credit cards, global access and access through Phone Banking.
How does it work? Simply register via the Pay with Rewards mobile app, or through the Pay and Rewards website. You'll earn points whenever you use your card to make a purchase but you won't be able to see or use your points until after you've registered.
Best HSBC Credit Cards For
Here's how to (pre) qualify for an HSBC credit card: All HSBC credit cards require good or excellent credit. Generally, good credit starts at a score of 660, and excellent credit begins at 719. However, we recommend considering good and excellent credit to mean 700+ and 750+, respectively.
What's considered a "normal" credit limit in the U.S.? While limits may vary by age and location, on average Americans have a total credit limit of $22,751 across all their credit cards, according to the latest 2019 Experian data.
HSBC said the closures are part of plans to become a market-leading digital bank and an overhaul of how remaining branches will operate. Of the 82 sites closing, 81 are within a mile of a Post Office, two thirds are within five miles of another HSBC branch and nine in 10 are within 10 miles, the bank added.
There's no set rule regarding redeeming your credit card rewards, but you should consider things such as expiration dates and if you're planning on closing the card in the near future. The content on this page is accurate as of the posting date; however, some of our partner offers may have expired.
Here are Select's picks for the top rewards cards:
Best Cash Back Credit Cards
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