When you have a credit card, it can be very tempting to use your credit limit to pay for all of your transactions. The only thing that's keeping you from doing so is that there's no benefit from it.
This is why the HSBC Rewards Credit Card lets you enjoy using your credit card by offering a more straightforward approach to daily spending. You even get rewards from using your card on everyday transactions.
What are some of the best features of the HSBC Rewards Credit Card? Check out the article below to learn more and find out how you can apply for one.
HSBC Rewards Credit Card Best Features
The HSBC Rewards Credit Card offers some of the best features without complicated categories or tiers.
You don't even have to worry about when you can earn the rewards, as the card does it for you automatically.
Here are some of the HSBC Rewards Credit Card's best features that should entice you to check it out.
Earn Reward Points Every Time You Spend
With the HSBC Rewards Credit Card, you get to earn reward points every time you use the card for spending.
The standard rate is 1 reward point for every £5 spent on transactions. The more you spend, the more reward points you earn that you can use to redeem for even more rewards.
You can even potentially earn 10 points for every £1 when you shop at partner retailers. This should help you achieve more points and reach your goals for rewards.
Get More Points
The rewards don't just stop there. You can earn more points by using your card immediately after receiving it from approval.
You get a generous 2,500 bonus reward points worth up to £25 on your first transaction. The points are added to your account up to 60 days after the specific transaction.
HSBC Rewards Credit Card also encourages you to spend more than £10,000 in your first year, so you'll receive 2,500 anniversary bonus points.
Redeeming Your Rewards
Now that you've had enough points balance, you can start spending your reward points and redeem them for more rewards. You can either redeem your points for shopping vouchers from well-known retailers such as Amazon and M&S.
For frequent flyers, you also have airline miles that you can convert with the help of partner airlines. Redeem your points to extend your vacation by booking rooms at a discounted rate or enjoy free hotel stays altogether.
If charity is your thing, you can also use your points to donate to an organization for the right cause.
0% Interest on Purchases
With the HSBC Rewards Credit Card, you're highly encouraged to use the card for purchases and other transactions.
You get 0% interest on purchases for the first 6 months of opening your account. This means you can make larger purchases and avoid the standard interest rates as long as you're able to pay your dues.
Once done, the interest rate will revert to a 23.9% variable rate for purchases.
No Annual Fee
The HSBC Rewards Credit Card does not have any annual fee.
It is a significant advantage for those who keep on using the card, as it makes it one of the most cost-effective credit cards to use.
You won't be charged for simply using the card on your transactions.
Is the HSBC Rewards Credit Card Right for You?
Those who are looking for a good introductory offer, especially on purchases, are more likely to sign up with the HSBC Rewards Credit Card.
If you primarily use your credit card for almost every purchase and transaction that you make every day, the HSBC Rewards Credit Card should be your credit card of choice.
It rewards you for spending more with your card, making it one of the most cost-effective options available.
Contact Details
If you need help with the application process or have further inquiries regarding the card, you can contact their customer service hotline at 03457 404 404 within the UK and +44 1226 261 010 outside the country.
You can visit their main headquarters located at 1 Centenary Square, Birmingham, B1 1HQ, United Kingdom.
Eligibility Criteria and Online Application
Before you can apply for the HSBC Rewards Credit Card, ensure you're eligible for the card first.
Applicants need to be UK residents and must be over the age of 18 during the application. All applicants are required to have an annual income before tax of £6,800 or more.
They must not have an HSBC Basic Bank Account. Once you meet the requirements, you can proceed to the official website to complete the application.
Applying for the HSBC Rewards Credit Card
At the website, you need to perform an online eligibility checker that does a soft credit search. You don't need to worry as it does not impact your credit score.
Once done, you'll know your preferred interest rates and other charges as well. Click on Continue if you agree with the terms and conditions.
Complete the online application form with the necessary information and provide all the requested details. Review everything carefully before submitting your application.
Waiting for Approval
In many cases, you should receive approval a few minutes after your application. There are specific cases where you will need to wait for their call for approval.
They may require more time to review your application, or they may need additional documents.
Please note that your credit is subject to status and affordability, which is why there may be delays.
Conclusion
The HSBC Rewards Credit Card is the ideal credit card for UK consumers seeking a no-annual-fee option and looking to benefit from everyday spending. Through its features and benefits, you can easily take full advantage of the card to earn more rewards through proper and responsible spending.
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.
