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 NowÂ
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- Annual Fee: $0
- Welcome Bonus: Apply by October 31, 2022 (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*
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- 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
- Insurance Coverage
- Additional Benefits:
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.
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- 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.
- Redeeming HSBC Points
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.Â
Title Image: HSBC Canada