Best HSBC Credit Cards in Canada

HSBC is the seventh-largest bank in Canada. The card should be included in your wallet because it offers some great benefits that other cards may not have. In this article, we are showcasing our top picks for best HSBC credit cards so you can pick which one suits your needs.




Yes, HSBC Canada credit cards come with benefits not found with other cards, which is why one of their experts shares these 3 tips for saving on your new card.

 

HSBC is a reputable bank in Canada, offering its suite of business and personal HSBC credit cards through the HSBC Rewards Program. The cards work like many others, except that when using them you gain into HSBC points which can then be used in the rewards catalogue in an incomparable range.

HSBC provides a range of personal credit card options. Whether you need to establish credit, need reward points, or want to play safely with your existing balance, HSBC offers cards right for you.

8 types of HSBC credit cards: Which one is best for you?

HSBC offers a number of different personal and business Mastercards. This includes seven basic cards, each offering a different combination of rewards, as well as cost or service– you can pick what aligns with your preference. The best fit will vary depending on whether you need flexibility or rewards at the premium level.

Personal cards from HSBC have many features that recipients will love, such as a rule that you can only use the card at a physical store which means the card could not be hacked for personal information. These cards are well worth a look.

Receive double the manufacturer’s warranty (up to 1 full year) for items purchased on your HSBC Mastercard.

Interest Rate: 

19.9%

Balance Transfer: 

22.9%

Annual Fee: 

$0

Card Type: 

No Annual Fee Card

Receive a Welcome Bonus of 5,000 Points or $50 Cash Back when you make your first purchase on your card

Interest Rate: 

19.9%

Balance Transfer: 

22.9%

Annual Fee: 

$0

Card Type: 

Cash Back

Receive a Welcome Bonus of 5,000 Points or $50 Cash Back when you make your first purchase on your card

Interest Rate: 

19.9%

Balance Transfer: 

22.9%

Annual Fee: 

$0

Card Type: 

Cash Back

Earn up to 100,000 Points PLUS a full annual fee rebate for the Primary Cardholder for the first year

Interest Rate: 

19.9%

Balance Transfer: 

22.9%

Annual Fee: 

$149

Card Type: 

Travel Rewards

Earn up to 100,000 Points PLUS a full annual fee rebate for the Primary Cardholder for the first year

Interest Rate: 

19.9%

Balance Transfer: 

22.9%

Annual Fee: 

$149

Card Type: 

Travel Rewards

Earn 30,000 Points ($150 travel value) PLUS a full annual fee rebate for the Primary Cardholder for the first year

Interest Rate: 

11.9%

Balance Transfer: 

11.9%

Annual Fee: 

$25

Card Type: 

Rewards

How the HSBC Rewards Program works

The HSBC Rewards Program is a points program that is tied to a suite of credit cards on offer from the Canadian branch of the HSBC bank. There are seven main personal cards to choose from as well as a handful of business cards. Each card offers different features and rewards, depending on how much you pay for your annual fee. These personal cards, along with some of their key features, are listed below:

The answer to the question ‘how much is each point worth?’

Your HSBC Rewards Points will be worth different amounts based on what rewards you cash them in for. As a reference, you’ll get around $1 for every 200 points you redeem on travel. This means you’ll get an average of $100 for every 20,000 points you collect. In order to earn points, saving up can be a hassle, but if you go to HSBC Banks Using Savings Using Savings lnk. It’s easy and convenient to save money with HSBC,

There are many options for airline credit cards. With one card, you can earn between 208 and 320 points per dollar spent. With the card that has the lowest point equivalency, you would have to spend over $26,000 to earn $100 worth of points. And if you carry around a card with the highest point equivalency, it might take as little as$6,700 to earn $100 worth of points.

You should consider how much you spend each year on cards, since this determines which type will be best for you. If you tend to spend $500/year on your cards, it might be best to get a premium card. With these types of cards, you can earn up to $400 in points for every $100 spent, meaning that the $95 annual fee would pay for itself

Earning Points on Your HSBC Credit Cards

The HSBC Rewards Point Credit Card offers tiers of rewards points based on the amount you spend.

HSBC offers a flat rate of points for all transactions, as well as accelerated rates for desired purchases such as travel, dining or entertainment.

HSBC credit cards give you the chance to earn bonus points when you sign up or by maintaining certain activity monthly. There are limited opportunities to earn extra points by not having any current card offers.

How long does someone need to spend before accumulating enough points with you HSBC Mastercard?

The amount of points you’ll earn with your HSBC credit card is limited to how much money you spend, or alternatively, how many points you’ll earn for each dollar you spend. Points are valued according to categories, and no two cards can have the same number of points in all categories.

A better alternative for you would be the premium card, with an annual fee of roughly $50. With this card, you can earn credit on everything, instead of just what you purchase. And new customers get a higher welcome bonus while new cardholders receive some upgrades to their benefits.

Everything you need to know about HSBC Rewards Points

If you have collected enough HSBC points, you can quickly log-in to the HSBC Rewards Centre to redeem for rewards. You’ll be able to browse the online catalogue for merchandise, gift cards, and charitable donations. You can also redeem your points separately for flights and HSBC financial credits. More information on how many points are needed for specific rewards is detailed below.

Flights and other modes of travel

You won’t be able to move points to your HSBC Rewards card if you choose not to use your points for travel. You’ll only be able to redeem your points 60 days from making an eligible purchase on your HSBC bank Rewards credit card. The upside of this option is that you’ll have the freedom to choose a provider without needing to worry about restrictions or blackout periods.

The different ways to donate

The HSBC Rewards page allows you to choose from hundreds of specialties and gift cards across a wide selection of brands. The rewards catalogue is searchable by keywords and for particular types of merch, such as clothing or home and garden. You can also turn your points into donations for your charity or favourite cause and consult their excellent FAQ sections to plan your next steps in the “donations” category.

Introducing HSBC financial products

If you need to make a redemption in your HSBC rewards points, you should be able to redeem them through your online banking or by signing in to your HSBC Rewards Centre account. Redemptions such as using Reward Points for your HSBC credit card will deduct the total value of the points from your account.

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