HSBC credit card rewards are points or “Cash Rewards” units that can be redeemed for cash back, gift cards, travel, or charitable donations, depending on which credit card you have. HSBC credit card rewards points are worth around 1 cent each, but it can vary based on how you redeem them. For example, points redeemed for travel on the HSBC Premier World and World Elite credit cards are worth more than cash back redemptions.
Points can be earned by making purchases on any of the 6 eligible HSBC credit cards: HSBC Premier World Elite, HSBC Premier World, HSBC Advance, HSBC Cash Rewards World, HSBC Platinum with Rewards, and HSBC Cash Rewards Student. Rewards are earned at different rates depending on which HSBC credit card you have. Some HSBC cards give extra points for different categories of spending, such as travel or dining, while others give a flat rate for all purchases.
The best HSBC rewards credit card is the HSBC Premier World Credit Card. The HSBC Premier World Mastercard offers a good middle ground between points-earning potential and annual fees. Travel purchases – including plane tickets, hotels, car rentals, and more – give 2 points per $1 spent. You’ll get 1 point per $1 spent on everything else. Plus, points from this card have a higher redemption value for travel than most other HSBC credit cards, at $0.0125 per point, and you’ll get 35,000 points for spending $3,000 in the first 3 months.
There’s no limit to how many HSBC credit card reward points you can earn. And the points don’t expire. That said, credit card points can be devalued by the card issuer at any time, so it’s best to redeem them often.
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