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HSBC Canada has an exciting offer on the HSBC +Rewards Mastercard, which now comes with 35,000 points ($175 in value) and an annual fee rebate for the first year ($25 value). The card boasts an annual interest rate of 11.9% and ability to earn 2 points per $1 spent on dining and entertainment purchases. These are strong features, with a potential to bring outsized value to Canadian wallets. Lets take a closer look at the card benefits;

HSBC +Rewards™ Mastercard® Apply Now 

HSBC +Rewards

 

    • Special Offer: Apply by Feb 28, 2023;
      • 35,000 points* with a spend of $2,000 in the first 180 days of account opening ($175 value)
      • First year annual fee rebate for primary cardholder* ($25 value)
    • Annual Interest Rate: 11.9% (on purchases, Cash Advances and Balance transfers)
    • Earning Rate:
      • 2 Points per $1 on eligible dining or entertainment purchases
      • 1 Points per $1 on all other eligible purchases
    • Additional Benefits:
      • Insurance Coverage
        • Price Protection Service – find a lower price within 60 days of the purchase, and the difference will be refunded – up to $500, to a calendar-year maximum of $1,000 per account
        • 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

The HSBC Canada juggernaut rolls on, with elevated offers on the expanded credit card portfolio. The HSBC +Rewards Mastercard® provides outsized value on everyday purchases billed to the card. Even if you like to carry a little balance on the card, the low interest rate potentially saves hundreds of dollars in a year, compared to other credit cards with steep interest rates.