HSBC Cash Rewards Mastercard® Review – 1.65% Back and No Foreign Transaction Fees

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Overview

If you are looking for a credit card with straightforward cash rewards and zero fees on purchases around the world, consider using the HSBC Cash Rewards Mastercard®. The HSBC cash back card has no annual fee and plenty of rewards. It offers unlimited 1.5% cash back on all purchases. It also gives you an additional 10% Anniversary Bonus on all cash rewards once a year, which increases your cash rewards from 1.5% to 1.65%. This credit card has no foreign transaction fees, which means that you can use it without incurring additional surcharges when you are traveling abroad.

  • Earn unlimited 1.5% cash rewards on all purchases.
  • Earn a $150 cash rewards intro bonus after spending $2,500 in the first 3 months.
  • 10% Anniversary Bonus on all Cash Rewards earned once a year.
  • No Annual Fee.
  • 0% Intro APR for 15 months on balance transfers, then a 14.99%, 18.99% or 24.99% variable APR.
  • No Foreign Transaction Fees.
  • $0 liability for unauthorized purchases.
  • Terms Apply.
Intro APR
0% on Balance Transfers
Intro APR Period
15 months
Regular APR
14.99%, 18.99% or 24.99% Variable*
Annual Fee (Rates & Fees)
$0

Card Benefits

Sign-up bonus

New card members will receive a sign-up bonus of $150 cash after you spend $2,500 on purchases within the first 3 months. It means that you only need to spend an average of $834 per month in the first 3 months to qualify for the $150 bonus.

Rewards on Purchases

You will earn 1.5% cash back on all purchases. You will also receive 10% Anniversary Bonus on all cash rewards that you have earned for the year, which bumps up your cash rewards by 10% to 1.65%. There is no cap on the cash back you can earn. Your cash rewards don’t expire as long as your account is open.

Travel Perks

The HSBC Cash Rewards Mastercard® has no foreign transaction fees. If you travel overseas once in a while, this credit card can save you money in foreign countries because most other consumer credit cards would charge transaction fees of 3% on your foreign purchases.

Fees and 0% Intro APR

This credit card has no annual fee. You can keep the card without having to pay a fee. It also lets you enjoy 0% introductory APR on balance transfers. You can use it to transfer your existing credit-card balance to pay no interest for an extended period of 15 months. After the intro period ends, the go-to rate of 14.99%, 18.99% or 24.99% Variable* applies.

Required Credit Rating

The HSBC Cash Rewards Mastercard® is for people with good or excellent credit scores. If you have a FICO score of 700 or more, you may qualify for the credit card.

Is this the right card for you?

If you are looking to earn easy cash back with well-rounded benefits, the HSBC Cash Rewards Mastercard® is the right credit card for you. It provides you with 1.65% cash back on all purchases and $150 cash bonus. Unlike most other cash back credit cards, the HSBC Cash Rewards Mastercard® waives foreign transaction fees, which makes it an all-around cash back card for purchases at home and abroad.

Similar Cash Back Credit Cards

If you are interested in the HSBC Cash Rewards Mastercard®, you may also consider a few other cash back credit cards with similar benefits.

Credit CardsPurchase APRTransfer InfoAnnual Fee Credit Level
Bank of America® Cash Rewards credit card - $200 Cash Rewards Offer

0% intro APR
for 12 billing cycles

15.24% - 25.24% Variable APR after that

0% intro APR
for 12 billing cycles for balance transfers made in the first 60 days

15.24% - 25.24% Variable APR after that

$0

Excellent / Good CreditApply NowView Card Details
  • No annual fee
  • NEW OFFER: $200 online cash rewards bonus after you spend at least $500 on purchases in the first 90 days of account opening
  • Earn 1% cash back on every purchase, 2% at grocery stores and wholesale clubs, and 3% on gas for the first $2,500 in combined grocery/wholesale club/gas purchases each quarter
  • No changing categories and no expiration on rewards
  • 0% Introductory APR for 12 billing cycles for purchases AND for any balance transfers made in the first 60 days, then, 15.24% - 25.24% Variable APR. 3% fee (min $10) applies to balance transfers
  • Get a 10% customer bonus every time you redeem your cash back into a Bank of America® checking or savings account
  • If you're a Preferred Rewards client, you can increase that bonus to 25% - 75%
  • Easily add your Mastercard® credit card to any digital wallet for a simple, secure, and convenient way to pay online, in-app, and in-store
Wells Fargo Cash Wise Visa® Card

0% intro APR
for 12 months

15.99% - 26.99% (Variable) APR after that

0% intro APR
for 12 months

15.99% - 26.99% (Variable) APR after that

$0

Good / Excellent CreditApply NowView Card Details
  • Earn a $200 cash rewards bonus after spending $1,000 in the first 3 months
  • Earn unlimited 1.5% cash rewards on purchases
  • Enjoy 1.8% cash rewards on qualified mobile wallet purchases, like Apple Pay® or Google Pay™, during the first 12 months from account opening
  • No category restrictions or sign ups and cash rewards don't expire as long as your account remains open
  • Get up to $600 protection on your cell phone (subject to $25 deductible) against covered damage or theft when you pay your monthly cellular telephone bill with your Wells Fargo Cash Wise Visa® Card
  • 0% Intro APR for 12 months on purchases and balance transfers (fees apply), then a 15.99%-26.99% variable APR; balance transfers made within 120 days qualify for the intro rate and fee
  • $0 Annual Fee
  • Select "Apply Now" to learn more about the product features, terms, and conditions
Capital One® Savor® Cash Rewards Credit Card

16.24% - 25.24% (Variable) APR

16.24% - 25.24% (Variable) APR

$0 intro for first year; $95 after that

Excellent, Good CreditApply NowView Card Details
  • Earn a one-time $500 cash bonus after you spend $3000 on purchases within the first 3 months from account opening
  • Earn unlimited 4% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases
  • Receive a monthly statement credit for a Postmates Unlimited monthly membership through Dec. 2019 with the Capital One Savor Card
  • No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
  • No foreign transaction fees
  • Capital One cardholders get access to premium experiences in dining, entertainment and more
  • $0 intro annual fee for the first year, $95 after that
Capital One® SavorOne℠ Cash Rewards Credit Card

0% intro APR
for 15 months

14.74% - 24.74% (Variable) APR

0% intro APR
for 15 months

14.74% - 24.74% (Variable) APR

$0

Excellent, Good CreditApply NowView Card Details
  • Earn a one-time $150 cash bonus after you spend $500 on purchases within the first 3 months from account opening
  • Earn unlimited 3% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases
  • No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
  • 0% intro APR on purchases for 15 months; 14.74% - 24.74% variable APR after that
  • 0% intro APR on balance transfers for 15 months; 14.74% - 24.74% variable APR after that; 3% fee on the amounts transferred within the first 15 months
  • No foreign transaction fee
  • No annual fee
  • No annual fee
  • NEW OFFER: $200 online cash rewards bonus after you spend at least $500 on purchases in the first 90 days of account opening
  • Earn 1% cash back on every purchase, 2% at grocery stores and wholesale clubs, and 3% on gas for the first $2,500 in combined grocery/wholesale club/gas purchases each quarter
  • No changing categories and no expiration on rewards
  • 0% Introductory APR for 12 billing cycles for purchases AND for any balance transfers made in the first 60 days, then, 15.24% - 25.24% Variable APR. 3% fee (min $10) applies to balance transfers
  • Get a 10% customer bonus every time you redeem your cash back into a Bank of America® checking or savings account
  • If you're a Preferred Rewards client, you can increase that bonus to 25% - 75%
  • Easily add your Mastercard® credit card to any digital wallet for a simple, secure, and convenient way to pay online, in-app, and in-store
  • Earn a $200 cash rewards bonus after spending $1,000 in the first 3 months
  • Earn unlimited 1.5% cash rewards on purchases
  • Enjoy 1.8% cash rewards on qualified mobile wallet purchases, like Apple Pay® or Google Pay™, during the first 12 months from account opening
  • No category restrictions or sign ups and cash rewards don't expire as long as your account remains open
  • Get up to $600 protection on your cell phone (subject to $25 deductible) against covered damage or theft when you pay your monthly cellular telephone bill with your Wells Fargo Cash Wise Visa® Card
  • 0% Intro APR for 12 months on purchases and balance transfers (fees apply), then a 15.99%-26.99% variable APR; balance transfers made within 120 days qualify for the intro rate and fee
  • $0 Annual Fee
  • Select "Apply Now" to learn more about the product features, terms, and conditions
  • Earn a one-time $500 cash bonus after you spend $3000 on purchases within the first 3 months from account opening
  • Earn unlimited 4% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases
  • Receive a monthly statement credit for a Postmates Unlimited monthly membership through Dec. 2019 with the Capital One Savor Card
  • No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
  • No foreign transaction fees
  • Capital One cardholders get access to premium experiences in dining, entertainment and more
  • $0 intro annual fee for the first year, $95 after that
  • Earn a one-time $150 cash bonus after you spend $500 on purchases within the first 3 months from account opening
  • Earn unlimited 3% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases
  • No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
  • 0% intro APR on purchases for 15 months; 14.74% - 24.74% variable APR after that
  • 0% intro APR on balance transfers for 15 months; 14.74% - 24.74% variable APR after that; 3% fee on the amounts transferred within the first 15 months
  • No foreign transaction fee
  • No annual fee
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