HSBC is a major player in the major credit card industry — offering a wide range or products to suit almost any need. There are cards designed for people who will use the card primarily for entertainment and dining. There are also cards for those consumers who love rewards in the form of cash back for qualified purchases. Another great focus of consumers are cards that offer exceptional interest rates. One great benefit of HSBC cards is that the bank does not charge an international transaction fee, something that is common among other banks that issue cards.
The HSBC credit card that is right for you will depend heavily on how you will use the card, as well as the perks and benefits you are looking for. To help you choose the right HSBC credit card for you, we decided to compile a list of the top five HSBC cards of 2018.
5. Discover It Cash Back
The Discover It Cash Back card is great for consumers who are looking for cash back on qualified purchases. This card offers five percent at different places per quarter. You can earn cash back at gas stations, restaurants, grocery stores, and even Amazon. There are several wholesale clubs that qualify for cash back using this credit card.
Some of the primary benefits include:
- 1 Percent cash back on non-qualifying purchases and locations
- No annual fee
- Introductory offer: During the current introductory offer, Discover will match all cash back bonus through the first year
As a Discover cardholder, you will also qualify for any special deals offered through discover. The current introductory offer does not require that you sign up to qualify and there is no limit on the amount of cash you receive in the program.
4. Chase Freedom Unlimited Visa
This is another card that specializes in paying the consumer cash back for qualified purchases. For every dollar spent, you will earn 1.5 percent cash back, and there is no cap on the amount of cash you can receive for your purchases. One of the most common complaint from cardholders is the dreaded annual fee. The good news with this card is that there is no annual fee. Another neat benefit is the ability to earn up to $150 cash back in you spend at least $500 on qualified purchases during the first 90 days that you own the card.
The primary benefits for the Chase Freedom Unlimited Visa are:
- No Annual Fee
- $150 cash back for new members who spend $500 in the during the first 90 days
- 1.5 percent cash back on every purchase (no exclusions)
While the Chase Freedom Unlimited does not pay the 5 percent paid out by the Discover It card, it does offer cash back on every purchase.
3. Chase Sapphire Preferred Card
This is a card loaded with benefits that you will absolutely love. If you are a frequent traveler there are even more benefits. You can earn double points for travel and dining purchases. Additionally, you have the ability to transfer point on a 1:1 basis to be used on most of the top airline’s loyalty programs. You can receive as much as 25 percent more value when you redeem loyalty reward for travel when you redeem them through Chase Ultimate Rewards. There is no introductory annual fee for the first year that you own the card.
The benefits that standout for this card is:
- One point for every dollar spent
- Zero introductory annual fees for the first year (Note: after the first year, the annual fee will be $95)
- No foreign transaction fees
While the $95 annual fee is somewhat pricey, you have the ability to earn that back through the rewards program.
2. HSBC Platinum Mastercard
This card will best benefit those who are not frequent spenders but desired to participate in rewards programs when they do spend. The great thing about this card is that there is no annual fee. Additionally, you don’t have to have a Premier or Advance checking to qualify for it. When you spend $500, you will earn 15,000 reward point with a value of $150 — for purchase made in the first 90 days that you own the card.
Top benefits include:
- 15,000 reward points ($150 value) when you spend $500 in the first 90 days
- Earn one point for every dollar spent
- No annual fee
- Redeem points for cash or choose from other rewards options.
It is important to read through the terms and limitations when considering the best way to redeem your reward points.
1. HSBC Advance Mastercard
This card is designed for consumers who spend a substantial amount on dining and entertainment. When you use the card on dining and entertain, you can earn double the rewards points for qualified purchases. Once you earn 25,000 points, you can redeem the points for a $250 gift card that can be used for purchases at movie theatres, retailers, restaurants, and more. In order to qualify for this card, you will need to open an Advance checking account if you don’t already have one.
The most notable benefits of owning this card are:
- Double rewards points for dining and entertainment
- No annual fee
- Earn up to 25,000 points for spending $500 in the first 90 days.
The only drawback associated with this card is the requirement to have an Advance checking account.