Bogdan Roberts, Credit Cards Moderator
HSBC credit card rewards are points that can be redeemed for cash back, gift cards, travel, or charitable donations, depending on which credit card you have.
What you should know about the HSBC credit card rewards:
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 are usually worth more than cash back redemptions. You can see how much your rewards are worth by logging in to your online account.
Points can be earned by making purchases on all HSBC credit cards. Plus, rewards are earned at different rates, depending on which HSBC credit card you have.
Here are the HSBC rewards credit cards:
The HSBC Elite Credit Card offers 50,000 points after spending $4,000 in the first 3 months. Plus, with this card you can earn 3 points per $1 spent on groceries, up to $3,000 (January 1, 2023 to March 31, 2023), 3 points per $1 spent on travel, 2 points per $1 spent on dining and $1 point per $1 spent on all other purchases.
The card requires a credit score of 750, at a minimum. That means applicants need excellent credit for approval. Existing HSBC Premier checking account relationship is also required. The card’s annual fee is $395.
The HSBC Premier World Credit Card offers 35,000 points after spending $3,000 in the first 3 months. Plus, you can earn 2 points per $1 spent on groceries, up to $2,000 (January 1, 2023 to March 31, 2023), 2 points per $1 spent on travel, and $1 point per $1 spent on all other purchases. The card has a $0 annual fee. To apply for this card, cardholders must have an existing U.S. HSBC Premier checking account relationship.
The card requires a credit score of 750, at a minimum. That means applicants need excellent credit for approval.
There's no limit to how many HSBC credit card reward points you can earn, and they 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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