With the HSBC Rewards Credit Card, you’re never far from a reward. Collect rewards points by shopping with this card. Then use the MasterCard Pay with Rewards app or website to use your points towards purchases online or in stores.
So, if you fit the bill, this is a great rewards card for spending. It also comes with an attractive introductory welcome and anniversary bonus too. Your reward points are redeemable against purchases you make using the card.
You must use the MasterCard Pay with the rewards app and specify that you want your next purchase to be paid using the reward points you have accumulated. Read on to learn about HSBC Rewards credit card, and how you can apply.
0% Interest on Purchases
For the first 6 months of having the card, you will enjoy a 0% interest rate on all purchases you make. Additionally, you also get to enjoy a 0% interest rate for the first 6 months on all balance transfers, provided they are done in the first 60 days of getting the card.
Rewards
With this card, for every £5 you spend, you will earn 1 reward point. This feature will earn you around 10 points with every single pound you spend at their select brands. Check the company website for a list of these merchants.
Welcome Bonus Offer
HSBC offers 2,500 points for new members after they make the first transaction worth at least £25. This is a very nice boost to your rewards balance.
Additionally, if you spend at least £10,000 or more on the card each year, you will receive 2,500 points on the anniversary of your membership for the first 5 years.
Eligibility Criteria
To be eligible for the card, you must have one of the following HSBC accounts, an Advance Account, or any bank account or premier account with a total of £1750 in the account over the last 6 months.
This should not include money that has been transferred from other joint or sole personal accounts held at HSBC UK. You must be a permanent resident of the UK or hold a valid Visa.
You must be over 18 years of age, and you must have had an address for the last 3 years, as well as an income or pension before tax of around £6,800 or more.
How to Apply
Before you apply, please note that this card is only available to existing HSBC bank account holders only. You can apply for the card online if you have already registered for online banking, or through the mobile app, or in person at the branch.
To apply, you will be required to provide your name, permanent address, income information, and expenses. You need to provide any payments you are currently making, your email address, and telephone number.
Interest Rates and Fees
The HSBC Rewards Credit Card is a great option if you are looking for a new card. This card attracts the following fees and charges, so make sure to take these into account.
- Representative APR: 21.9% p.a. variable
- Purchase APR: 21.9% - 24.9%
- Cash advance APR: 27.9%
- Balance transfer APR: 21.9% - 24.9%
- No annual fee
- Balance transfer fee: 2%
- Foreign usage fee: 2.99%
- Cash advance fee: either 2.99 % of £3 whichever one is higher.
- Late payment fee: £12
Contact Information
If you would like to get in contact with an HSBC representative, you can reach them by calling +44 020 7991 18888. Their mailing address is HSBC Building, At. 8 Canada Square, London E14 5HQ, United Kingdom.
Conclusion
The most attractive feature of this card are the reward points you can earn by simply using the card, as well as the welcome bonus points. So, if this is what you are looking for in a card, then you should consider applying for the HSBC Rewards Credit Card.
Note: There are risks involved when applying for a loan. Consult the lender’s terms and conditions page for more information.
