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HSBC Cash Rewards Mastercard has an exciting new offer for potential customers, an additional 12.5%* cashback on all purchases for the first 180 days (up to $1,000 in total purchases). This offer is valid for all applications approved by Feb 28, 2023. For online purchases, this bumps the offer to 14%* cashback, or $140 return when purchasing something worth $1000. Lets take a closer look at the core card features;

HSBC Cash Rewards Mastercard® – Apply Now


HSBC Cash Rewards Mastercard


  • Annual Fee: $0
  • Welcome Bonus: Apply by Feb 28, 2023 (Conditions apply) and earn;
    • Additional 12.5%* cash back on all purchases for the first 180 days (up to $1,000 in total purchases);
      • 14%* cash back on eligible online purchases
      • 13.5%* cash back on eligible gas, grocery and drugstore
      • 13%* cash back on all other everyday purchases
    • Offer for Quebec Residents: $125 cash back on keeping account active for six months
  • Earning Rate (after 180 days):
    • 1.5% cash back for every $1 (up to $6000) spent on eligible online purchases, including streaming services, online subscriptions, and food delivery.
    • 1% cash back for every $1 spent on eligible gas, grocery and drugstore purchases
    • 0.5% cash back for every $1 on all other everyday purchases
  • Additional Benefits:
    • Insurance Coverage
      • Mobile Device Insurance – Coverage of up to $1,000 if your eligible mobile device is lost, stolen, accidentally damaged, or experiences mechanical failure
      • 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

Take Away

With the additional 12.5%* cashback for the first six months, cardmembers can earn as much as 14%* cashback on online purchases, a very strong incentive on a no-annual fee card. On redemption front, its pretty straightforward as well and members can claim their cashback rebate with minimum $25 in their rewards account. HSBC Canada’s expansion of credit card portfolio especially with no-annual fee products, is only good news for Canadian households. More the merrier.


Title Image: HSBC Canada