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Best HSBC credit cards

The most valuable cards include special offers for qualifying HSBC checking account holders

Summary

HSBC offers a wide range of credit card products for all kinds of spenders, but its most valuable offerings are reserved for HSBC checking account holders.

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Information about the HSBC cards in this post has been collected independently by CreditCards.com. The card details have not been reviewed or approved by the card issuer.

HSBC might not be the first issuer that comes to mind when you begin your credit card search – but the bank has plenty of great products to offer. From cash back to balance transfer cards, HSBC has a card for every kind of user.

Plus, the bank offers special offers and annual fee discounts on some of its most lucrative cards if you keep a qualifying checking account open. Read on to learn more about the card offers currently available from HSBC.

What is HSBC?

HSBC has its roots in Hong Kong and Shanghai, but it has since grown to be one of the largest bank institutions in the world. Its U.S. headquarters are in New York, with more than 200 branch locations across the country.

Though HSBC might not have quite the notoriety of giants like Chase and Bank of America, the bank still manages to offer a suite of competitive credit cards. Whether you are in the market for a cash back, travel or balance transfer card, odds are HSBC has a good option for you.

The best HSBC credit cards of 2019

Comparing HSBC credit cards

CardRewards rateSign-up bonusAnnual fee
HSBC Cash Rewards Mastercard® credit card
  • 1.5% cash back on every purchase
  • 10% bonus on cash rewards earned each year
3% cash back on all purchases in first 12 months of account opening (up to $10,000 in purchases)$0
HSBC Gold Mastercard® credit cardNoneNone$0
HSBC Platinum Mastercard® with Rewards credit card1 point per dollar on all purchases3 points per dollar on all purchases in the first 12 months (up to $10,000 in purchases)$0
HSBC Advance Mastercard® credit card
  • 2 points per dollar on dining and select entertainment purchases
  • 1 point per dollar on other purchases
  • 3 points per dollar on dining and select entertainment purchases for first 12 months
  • 2 points per dollar on all other purchases in first 12 months
  • $25,000 combined limit on purchases
$45 ($0 in first year and waived for qualifying HSBC account holders)
HSBC Premier World Mastercard® credit card
  • 2 points per dollar on travel purchases
  • 1 point per dollar on other purchases
35,000 points if you spend $3,000 in first 3 months$95 ($0 in first year and waived for qualifying HSBC account holders)
HSBC Premier World Elite Mastercard® credit card
  • 3 points per dollar on travel purchases
  • 2 points per dollar on dining purchases
  • 1 point per dollar on other purchases
50,000 points if you spend $4,000 in first 3 months$395

HSBC rewards cards

Most HSBC credit cards offer rewards points, which can be redeemed for a wide variety of purchases – including statement credits, gift cards, merchandise and travel purchases. Here’s a deeper look at HSBC cards that offer points:

HSBC Platinum Mastercard with Rewards

The HSBC Platinum Mastercard with Rewards has an eye-catching introductory bonus, but its ongoing rewards rate is less than exciting. Beyond the first year, cardholders only earn 1 point per dollar on their purchases – on par with starter cards like student credit cards.

On the bright side, the Platinum Mastercard comes with an intro APR for both new purchases and balance transfers. If you have a large purchase or balance you’d like to pay off over time without accruing interest – but don’t want to sacrifice rewards along the way – the Platinum card can be a decent choice.

HSBC Advance Mastercard

The HSBC Advance Mastercard offers a slightly more appealing rewards rate than the Platinum, but it still can’t compete with other rewards cards that charge an annual fee. Luckily, any cardholder who maintains a qualifying HSBC Advance checking account can have the fee waived each year – boosting the card’s potential value.

HSBC Premier World Mastercard

Like the Advance card, the HSBC Premier World Mastercard doesn’t seem to stack up against competition at first glance. With a $95 annual fee (waived the first year), it seems logical to compare this card to the likes of the Chase Sapphire Preferred® Card or Capital One® Venture® Rewards Credit Card – both of which offer more lucrative rewards rates.

However, HSBC Premier World Mastercard cardholders who have a qualifying HSBC Premier checking account can have their annual fee waived, boosting the overall value of the card.

HSBC Premier World Elite Mastercard

In addition to a rewards rate tailored for foodies and frequent travelers, the HSBC Premier World Elite Mastercard boasts several additional perks that add to its value. For example, cardholders can receive up to $100 in statement credits each year to cover airfare and incidentals.

Premier World Elite Mastercard holders can also enjoy access to more than 1,000 airport lounges worldwide via LoungeKey, discounts on Expedia, Agoda or onefinestay bookings and up to $100 in statement credits per year for Uber and Lyft rides. For those who travel frequently, it is easy to see how these benefits can more than cover the cost of the card’s fee.

HSBC Cash Rewards Mastercard

For those who prefer cash back, HSBC also has a card that offers cash rewards. With the HSBC Cash Rewards Mastercard, you’ll earn a pretty standard flat rate cash back (1.5 percent) on all your purchases. But, you’ll get 10 percent bonus every year on all the rewards you’ve earned – setting the card away from the pack.

Plus, the introductory cash back rate in the first year can be incredibly lucrative, despite the spend threshold. If you meet the full cap, you can earn $300 in the first year.

See related: Americans’ favorite credit card feature is 3% cash back on all purchases

HSBC Gold Mastercard

Though it doesn’t offer a rewards program, the HSBC Gold Mastercard can be a top choice for transferring a balance or paying off a large purchase. The card offers a lengthy 18 months with a 0 percent APR on both new purchases and balance transfers (12.49 to 20.49 percent variable APR thereafter).

Who is eligible for an HSBC card?

HSBC places some restrictions on their credit cards, so it is important to ensure you are eligible before you apply.

For the HSBC Premier World Mastercard or Premier World Elite Mastercard, you must already have a U.S. HSBC Premier checking account. For the HSBC Advance card, you must have either a Premier checking account or Advance checking account.

Fortunately, the HSBC Gold Mastercard, Cash Rewards Mastercard and Platinum Mastercard do not place such restrictions on applications. Just keep in mind that all of these cards are designed for users with good to excellent credit (above 670), so you should check your score before submitting an application.

Final thoughts

HSBC offers a wide range of credit card products for all kinds of spenders, but its most valuable offerings are reserved for HSBC checking account holders. If you want to unlock top-notch rewards and benefits with the bank, you might consider opening a qualifying account.

Editorial Disclaimer

The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners.

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Published: September 30, 2019

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Credit Card Rate Report Updated: December 11th, 2019
Business
15.09%
Airline
16.88%
Cash Back
17.38%
Reward
17.04%
Student
18.58%

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