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.
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
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.
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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