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HSBC Canada recently announced a couple of exciting products to their credit card lineup. Particularly, the HSBC Travel Rewards Mastercard® should interest the readers of this blog which comes with 25,000 points with minimum spend of $1000. Best of all, this is a no annual fee card with impressive perks. Lets take a closer look at the card feature;

HSBC Travel Rewards Mastercard® – Apply Now 

 

HSBC Travel Rewards Mastercard

 

    • Annual Fee: $0
    • Welcome Bonus: Apply by Feb 28, 2023 (Conditions apply) and earn;
      • 25,000 points* ($125 travel value) with a spend of $1,000 in the first 180 days
    • Earning Rate:
      • 3 Points per $1 on all eligible travel purchases*
      • 2 Points per $1 on eligible gas and daily transportation purchases*
      • 1 Points per $1 on all other eligible purchases*
    • Additional Benefits:
      • Insurance Coverage
        • Baggage delay – covered for up to $100 per day to a maximum of 3 days for the purchase of necessities with a delay of 6 hours or more
        • Motel/Hotel Burglary Insurance
        • Trip Interruption – coverage for transportation costs incurred due to change in return date (maximum of $1,500 per insured person to a maximum $5,000 per trip)
        • Extended Warranty Insurance – Automatically doubles the original manufacturer’s warranty for up to one additional year
        • Purchase Assurance – 90 day coverage in the event of loss, damage or theft for eligible items

HSBC Rewards Program

There is a lot to love about a simple and straightforward rewards program, and HSBC Rewards is just that. No mental gymnastics required, and members can earn and redeem directly within the program.

    • Redeeming HSBC Points
      • Statement Credit – HSBC Mastercard cardholders can redeem points for statement credit towards any eligible travel purchase charged to an HSBC Mastercard. No blackout dates.
      • Convert to Frequent Flyer miles – Cardholders can also choose to convert their points into other airline miles. Currently, the options include Asia Miles (25,000 Points = 8000 Miles), Singapore Airlines Krisflyer (25,000 Points = 9000 Miles), and British Airways Executive Club (25,000 Points = 10000 Miles)
      • Financial Rewards – Cardholders can redeem HSBC Points towards HSBC Personal Finance. The options in this category include;
        • HSBC Mastercard Account Credit: 25,000 Points = $75
        • HSBC Mortgage Account Credit: 25,000 Points = $100
        • HSBC Savings Account Credit: 25,000 Points = $75
      • Gift Cards and valuable merchandise – Last but not least, cardholders can also redeem points towards gift cards such as Esso, Costco, Amazon, and more., and other merchandise on the HSBC Rewards website.

Take Away

It is wonderful to see HSBC Canada improve bonus offerings on their products. The HSBC Travel Rewards Mastercard® provides incredibly simple and flexible redemption credits towards any travel purchase billed to the card. Overall, a strong travel card, with no annual fee. 

 

Title Image: HSBC Canada