The HSBC Rewards Credit Card helps you earn points on daily purchases. It's available to UK residents and works globally through the Mastercard network.
You can redeem points through the Mastercard Pay with Rewards app. This article explains the features and how to apply.
What Is the HSBC Rewards Credit Card?
The HSBC Rewards Credit Card is designed for UK residents who want to earn rewards while spending. This card operates on the Mastercard network and is accepted globally.
Every eligible transaction earns points that you can later redeem for everyday purchases. You'll get 2,500 welcome points after your first transaction.
This card fits users who make regular purchases and want to manage their finances with digital banking tools. Points accumulate fast when used consistently, especially with online and recurring payments.
Key Benefits of the HSBC Rewards Credit Card
This card provides multiple features designed to give you value on daily expenses and large purchases. Below is a breakdown of its key benefits and how they can work in your favor.
Pay with Reward Points
You earn points every time you use the card, and they can be redeemed through the Mastercard Rewards app. This works both in-store and online across retailers that accept Mastercard.
It gives you a way to lower your balance by using points instead of cash. You control how and when to use those points.
0% Interest on Purchases
For the first 6 months from account opening, you'll pay no interest on purchases. This can help you manage bigger expenses early on.
After the promotional period ends, the standard rate of 23.9% APR (variable) applies. This is useful if you plan to make a large purchase and want some breathing room.
0% Interest on Balance Transfers
If you have existing credit card debt, you can transfer it to this card within 60 days of opening and enjoy 0% interest for 6 months.
A fee of 2.99% applies to each transfer, with a minimum of £5. This option is good if you're trying to reduce interest payments from your current provider.
Introductory Bonus Points
When you make your first purchase with the card, you get 2,500 bonus points worth £25. The points are usually added within 60 days. It’s a straightforward incentive to get you started.
Annual Bonus Points
You can earn another 2,500 points if you spend over £10,000 within the first year. This anniversary reward continues annually for up to 5 years.
Points are added after each card anniversary, giving consistent users more value over time.
Go Digital and Manage with Ease
You can use the HSBC Mobile Banking app or online banking to check balances, make payments, or freeze your card.
This makes managing your spending more convenient. The card also supports Apple Pay, Google Pay, and digital wallet integration for faster transactions.
Use It Abroad
The card is accepted in countries and regions supported by Visa and Mastercard. Some fees may apply when used at non-HSBC ATMs abroad.
It's a practical option for those who travel often and want to use the same card internationally.
Eligibility Requirements
Before applying, check that you meet all the criteria. HSBC has clear rules on who can qualify for this card. Here's what you need:
- You must be over 18 years old
- You need to be a UK resident
- You must have an annual taxable income or pension of at least £6,800
- You must hold an HSBC Advance, HSBC Bank, or HSBC Premier Account
- You must have deposited at least £1,750 per month (not from HSBC transfers) over the past 6 months
These requirements ensure applicants can afford repayments and responsibly manage credit. If you meet them, you're ready to apply.
Interest Rates and Fees
Understanding interest and fees helps you avoid surprises. These are the most important rates for this card:
- Purchase rate: 23.9% per annum (variable)
- Representative APR: 23.9% (variable)
- Balance transfer fee: 2.99% (minimum £5)
- Assumed credit limit: £1,200
If you're using the card for the 0% offer period, aim to repay the balance in full before the period ends. Standard rates apply afterward, so make sure to track your statements.
How to Apply for the HSBC Rewards Credit Card?
You can complete your application online in a few steps. It's important to have your financial information ready before starting. Here’s how to do it:
- Visit the official HSBC UK website.
- Navigate to the credit cards section and select the Rewards Credit Card.
- Click "Apply now" and sign in to your HSBC account, or register if you're a new user.
- Fill out the form with your personal, employment, and income details.
- Review the information and submit your application.
HSBC may approve your application instantly or contact you for additional checks. If approved, your card will be mailed to you.
Card Management and Mobile Tools
Managing the HSBC Rewards Credit Card is simple through the mobile app and online tools. These options help you stay in control of your spending and rewards.
You can track transactions, make payments, set spending limits, and redeem points easily. You can also freeze and unfreeze the card if it's lost or stolen.
The digital wallet feature allows you to use your card without waiting for the physical one to arrive. All tools are integrated with security features for safe use.
Customer Support and Contact Information
If you need help, HSBC provides customer support through several channels. Their support team is available during standard business hours. Here are the contact details:
- UK Toll-Free: 0800 023 1441
- International: +44 207 367 7881
- Business Hours: Monday to Friday, 8:00 AM to 6:00 PM (UK time), excluding public holidays
You can also visit the HSBC UK website for FAQs and live chat options. Assistance is available for account queries, card issues, and application support.
Final Words: Ready to Earn While You Spend?
The HSBC Rewards Credit Card provides an easy way to earn value from your everyday spending. With bonus points, 0% interest offers, and easy online management, it suits users who want benefits with flexibility.
Make sure you meet the criteria and understand the fees. If you're ready, apply and start collecting rewards right away.
Disclaimer: Credit is subject to status, affordability, and terms. You must meet all eligibility criteria before applying. Interest rates and offers may change. Read all terms and conditions before submitting your application.
