What's the best HSBC credit card signup bonus? This question is about HSBC Credit Cards

The best HSBC credit card signup bonus is 50,000 points after spending $4,000 in the first 3 months, offered by the HSBC Elite Credit Card. With this card you can also earn 1 - 3 points per $1 spent on purchases. The HSBC Elite Credit Card’s annual fee is $395 and it requires excellent credit for approval. Here are the HSBC Elite Credit Card signup bonus details: Signup bonus: Earn 50,000 points after spending $4,000 in the first 3 months of account opening. Eligibility: The bonus is offered only to new applicants. When bonus points post: 4-6 weeks after the promotional period has ended and the spending requirement has been met. Redemption options: Travel, cash rewards, merchandise, gift cards, and more. Payments that don’t count toward the signup bonus: Balance transfers, cash advances, credit card checks, overdrafts, and more. If you’re looking for more options, check out our editors’ latest picks for the best signup bonus credit cards. Keep in mind that high bonus credit cards require at least good credit for approval. So, make sure you know where you stand before applying. You can check your credit score for free, right here on WalletHub.

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What's the best HSBC credit card signup bonus?

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This question is about HSBC Credit Cards

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Sarah Bilkins, WalletHub Credit Card Analyst

@sarah.bilkins • 01/27/23 This answer was first published on 02/11/22 and it was last updated on 01/27/23.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The best HSBC credit card signup bonus is 50,000 points after spending $4,000 in the first 3 months, offered by the HSBC Elite Credit Card. With this card you can also earn 1 - 3 points per $1 spent on purchases.

The HSBC Elite Credit Card’s annual fee is $395 and it requires excellent credit for approval.

Here are the HSBC Elite Credit Card signup bonus details:

Signup bonus: Earn 50,000 points after spending $4,000 in the first 3 months of account opening.
Eligibility: The bonus is offered only to new applicants.
When bonus points post: 4-6 weeks after the promotional period has ended and the spending requirement has been met.
Redemption options: Travel, cash rewards, merchandise, gift cards, and more.
Payments that don’t count toward the signup bonus: Balance transfers, cash advances, credit card checks, overdrafts, and more.

If you’re looking for more options, check out our editors’ latest picks for the best signup bonus credit cards. Keep in mind that high bonus credit cards require at least good credit for approval. So, make sure you know where you stand before applying. You can check your credit score for free, right here on WalletHub.

Answer Question

What credit score is needed for an HSBC credit card?

For the majority of the HSBC credit cards at least a good (700+) or excellent (750+) credit score is needed.

The only exception is the HSBC Cash Rewards Mastercard Student Account which you can get with a fair (640+) credit score, but also a limited credit history.

HSBC will also take other things into consideration when deciding about your application, such as your income, debts or overall creditworthiness.... read full answer

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How do I know if I pre-qualify for an HSBC credit card?

HSBC has pre-approval, but it only extends pre-approved offers via mail or e-mail, or to existing customers through their online account. HSBC does not have an online tool that interested consumers can use to check their pre-approval status. And unlike online pre-approvals that may return results for multiple cards with the highest odds of approval, HSBC’s mailed or e-mailed pre-approval offers will be for one specific credit card.... read full answer

If you wish to respond to a HSBC pre-approved offer received by mail or e-mail, visit the website listed in your offer and enter the enclosed invitation code. This allows HSBC to flag the application as pre-approved.

HSBC pre-approval doesn’t guarantee that you’ll be approved for a card, but it does indicate that your chances of getting approved are very high if you apply. Pre-approvals do not affect your credit score, as they’re done using a soft “pull,” or inquiry. But if you decide to apply for the card, HSBC will conduct a hard inquiry, which will lead to a slight, but temporary decrease in your credit score.

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Do HSBC credit cards report to all credit bureaus?

No, HSBC credit cards do not report to all bureaus. HSBC reports to Experian, Equifax, and Innovis. As you can see, TransUnion is left out.

HSBC stopped reporting data to TransUnion in 2016. This is a "business" decision and it affects all customers, therefore the credit benefit of using an HSBC credit card will be limited.... read full answer

For example, if you go to apply for a loan or a new credit card and the lender calculates your credit score based on your TransUnion credit report, it will be as if you never had the credit card.

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WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.

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