Review: HSBC Cash Rewards Mastercard Credit Card

HSBC Cash Rewards Mastercard credit card

  • Annual fee: $0
  • Signup bonus: $150 after you spend $500 within the first three months of account opening
  • Earn 1.5% cash back on everything
  • 10% Anniversary Bonus on all Cash Rewards earned once a year
  • No foreign transaction fees
  • No fee to add authorized users

You can view credit card offers by going to the "Credit Card Offers" tab. Find offers for the respective cards in "Cash Back Credit Cards." You don't have to use our links, but we're grateful when you do. Thank you for supporting AskSebby!

Spending multipliers

The HSBC Cash Rewards card earns 1.5% cash back on all purchases, and you'll receive a 10% bonus on your cash rewards each card anniversary.

When you consider the cash back bonus, the effective cash back is 1.65%.

  • 1.5% cash back on everything
  • 10% bonus of cash back (1.5% * 10% = 0.15%)
  •  Effective cash back = 1.65%


Unless you're going after cards for the $150 signup bonus, there are better cash back cards out there. For example, the Citi Double Cash card earns 2% cash back on all purchases, which is better than the 1.65% with the HSBC card.

The HSBC Cash Rewards card is a good option as a starter card, but it's hard to get good value in the longterm if you want to travel. Check out more start card options in this post.