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Best HSBC credit cards
- Best HSBC credit card for cash back: HSBC Cash Rewards Mastercard® credit card
- Best no-annual fee HSBC credit card for travel: HSBC Premier World Mastercard® credit card
- Best HSBC credit card for balance transfers: HSBC Gold Mastercard® credit card
- Best HSBC credit card for travel: HSBC Elite Credit Card
- Best HSBC credit card for dining: HSBC Advance Mastercard® credit card
- Best HSBC credit card for students: HSBC Cash Rewards Student credit card
Thinking about applying for an HSBC credit card? We've sifted through the available HSBC credit card offers to find the best cards for you based on your spending habits, credit-card goals and lifestyle.
We made our picks by analyzing the HSBC credit cards on ValuePenguin and the HSBC site, looking at the sign-up bonuses, rewards structures, requirements and perks. Check out our choices for the best HSBC credit card in each popular credit card category.
To make choosing the right card easier, we've looked at credit cards reviewed on ValuePenguin as well as cards on major issuer sites to compile a list of the best rewards credit cards available right now. Our recommendations are based on the additional value you can earn with the cards — including the rewards value, cost of ownership and value of benefits such as travel and purchase protections, lounge membership and airline companion passes. Our choices are not influenced by our advertisers. Learn more on how we calculate rewards.
Best HSBC credit card for cash back
HSBC Cash Rewards Mastercard® credit card
Earn 3% cash back on all purchases in your first year, up to $10,000 in spend. Earn Unlimited 1.5% cash back on all purchases after the intro period
The HSBC Cash Rewards Mastercard® credit card is a solid cashback choice for consumers looking for a $0 annual fee card with a good zero-interest offer on both balance transfers and purchases. Cardholders get a 0% Introductory APR on credit card purchases for the first 12 months from account opening and a 0% Introductory APR on balance transfers for the first 12 months from account opening. Balance Transfers must be posted within the first 60 days following Account opening. (followed by a Variable APR of 13.99% - 23.99% will apply after the Introductory Period). This offer combined with the excellent introductory rewards rate make the card a great option for cardholders who want to finance a big purchase with no interest and get rewarded nicely as a bonus.
However, after you've taken advantage of the initial benefits, the card becomes less attractive. The everyday rewards rate is good, but may not pass muster for consumers looking for the best rewards earning rate available on a cashback card. The lack of bonus categories may make the card a less-than-ideal choice for those who love the rewards game. You may want to get this card for the initial benefits and then move it to the back of your wallet.
- Generous 3% introductory rewards rate
- Intro APR on both balance transfers and purchases
- No foreign transaction fees, which is unusual for a cashback card
- Annual fee: $0
- No cashback sign-up bonus
- So-so rewards rate after first year
- No rewards bonus categories
Best no-annual fee HSBC credit card for travel
HSBC Premier World Mastercard® credit card
35,000 points worth $400 in travel after you spend $3,000 in the first 3 months after opening the account
This HSBC Premier World Mastercard® credit card may be an exciting option for frequent travelers who are also loyal HSBC customers with plenty of money in the bank. It offers a solid sign-up bonus for a reasonable amount of spending, and goes the extra mile on offering travel perks. These benefits include an $85 TSA Precheck credit, Boingo global internet access and an array of travel insurance coverage. You also get $5 a month in Lyft credits.
But there's a major downside that may take this card out of the running for many consumers. In order to apply and get the $0 annual fee, you need an HSBC Premier checking account. You can't even get a Premier account unless you meet one of these three requirements:
- Keep $75,000 in combined checking and investment deposits
- Directly deposit at least $5,000 a month into your checking account
- Have an HSBC mortgage with an original loan amount of at least $500,000
Those who fail to meet one of those requirements on an ongoing basis will get hit with a $95 annual fee on the card.
The stringent requirements make the card a less-than-great deal for all but the most loyal HSBC customers or other financially flush consumers who are drawn to the Premier program's perks, such as ATM fee rebates and free wire transfers.
- Solid sign-up bonus
- Double rewards on travel purchases
- 0% foreign transaction fees
- Travel perks include internet and TSA Precheck
- Must have an HSBC Premier checking account to apply
- Cardmembers who discontinue their Premier checking account must pay an annual fee
- There are plenty of travel cards with far fewer hoops
Best HSBC credit card for balance transfers
HSBC Gold Mastercard® credit card
Get an intro APR of 0% Introductory APR on credit card purchases for the first 18 months from account opening and 0% Introductory APR on balance transfers for the first 18 months from account opening. Balance Transfers must be posted within the first 60 days following Account opening. (followed by Variable APR of 13.99% - 23.99% will apply after the Introductory Period).
The HSBC Gold Mastercard® credit card is a great, no-frills option for a cardholder looking for a balance transfer deal that offers extra time to pay down debt. This HSBC credit card offers an 0% Introductory APR on credit card purchases for the first 18 months from account opening and 0% Introductory APR on balance transfers for the first 18 months from account opening. Balance Transfers must be posted within the first 60 days following Account opening. (Then a Variable APR of 13.99% - 23.99% will apply after the Introductory Period) applies.)
The big downside is that the HSBC Gold Mastercard® credit card lacks a rewards program, and it has few perks that would entice you to reach for the card once you've paid off your debt. You may want to take advantage of the balance transfer deal while using another card for your everyday spending.
- No rewards program
- Few benefits or perks
- Balance transfer fee of Either $10 or 4%, whichever is greater, will apply on each balance transfer and credit card check.
Best HSBC credit card for travel
HSBC Elite Credit Card
50,000 bonus points worth $750 in travel when you spend $4,000 in the first 3 months
The HSBC Elite Credit Card may be an excellent choice for high spending frequent travelers who are also loyal HSBC customers. The card's welcome bonus is the best out of all the HSBC credit card offers, worth $750 in airfare when redeemed through HSBC — or possibly more when transferred to an airline partner. The card is loaded with travel perks, from airport lounge access to a full range of travel insurance that includes delayed and lost baggage coverage.
But this card probably isn't the one for you if you don't fit that description, especially if you're not a high spender or an HSBC customer. The card requires at minimum an HSBC Premier checking account, which is a pretty high bar. To get an account, you need to meet one of three requirements:
- Keep $75,000 in deposits and/or investments in your accounts
- Directly deposit at least $5,000 a month into your HSBC account
- Have an HSBC mortgage with an original loan amount of at least $500,000
HSBC customers with Jade or private banking relationships also qualify. But if you're not an HSBC Premier customer, you may want to consider a travel credit card that doesn't require a banking relationship. For example, the Chase Sapphire Preferred® Card and the Chase Sapphire Reserve® cards are two of our top picks.
- Valuable welcome bonus worth $750 in airfare
- 3X points on travel and 2X points on dining
- $400 annual travel credits
- TSA Precheck credit
- Airport lounge access with LoungeKey
- Up to $60 a year in Lyft credits
- Full suite of travel insurance coverage
- Cellphone insurance coverage
- High annual fee of $395
- Extra annual fee of $65 per authorized user
- Must have an HSBC Premier checking account
Best HSBC credit card for dining
HSBC Advance Mastercard® credit card
3X points on dining and select entertainment and 2X points on all other purchases on first $25,000 in purchases during first year. After that you earn 3X points on dining and select entertainment and 2X points on all other purchases on first $25,000 in purchases during first year.
The HSBC Advance Mastercard® credit card may be the best choice on the menu for cardholders who love dining out or often turn to takeout on busy nights. The introductory deal allows you to maximize your rewards earnings every time you use your card at a restaurant, especially in the first year after opening the account. This card is also one of the best HSBC credit card offers for consumers looking to pay down debt or finance a big purchase — or do both — with a zero APR deal. The card offers an intro APR of 0% for 12 months on balance transfers and 0% for 12 months on purchases (then a 13.74%-17.74% Variable APR applies).
However, the card requires you to have an HSBC Advance or HSBC Premier checking account. The requirements for an Advance account are much less stringent than those for a Premier account. For an Advance account, you need to have a monthly recurring direct deposit or maintain $5,000 in combined checking and investment balances. Still, this may not be the card for a consumer already loyal to another bank or one who can't clear those hurdles.
- Generous welcome earning bonus boost on dining and all other purchases
- Introductory APR on both balance transfers and purchases
- Up to $60 a year in Lyft credits
- 0% foreign transaction fees
- Requires HSBC Advance or Premier checking
- $0 for Advance and Premier clients; otherwise $45 annual fee if you don't maintain Advance or Premier checking
Best HSBC credit card for students
HSBC Cash Rewards Student Credit Card
No sign-up bonus, but you don't need a credit history to apply for this card
The HSBC Cash Rewards Student Credit Card is a great option for savvy students who want to build credit and earn rewards at the same time. The card is within reach of students who have no credit history, which is good news for those who have never been an authorized user on a parent's card. And you get rewarded for all your purchases, from coffee to groceries to textbooks, with 1.5% cash back on all purchases. The card also comes with perks that include cellphone coverage.
Like most other HSBC credit cards, this one requires you to have an HSBC checking account. If you're interested in opening a student checking account, you can earn a $100 welcome deposit to sweeten the deal. But students who aren't interested in banking with HSBC, or don't find it convenient may want to take a look at other student credit cards. For example, the Discover it® Student Cash Back is one of our top picks.
- No credit history required
- Annual fee: $0
- Unlimited 1.5% cash back on all purchases
- Cellphone coverage up to $600 for damaged or stolen phones
- Must have an HSBC checking account
- Not a good choice for students who don't want to bank with HSBC
Compare HSBC credit cards
|HSBC Cash Rewards Mastercard® credit card||Earn 3% cash back on all purchases in your first year, up to $10,000 in spend.||Unlimited 1.5% cash back on all purchases after the intro period||$0|
|HSBC Premier World Mastercard® credit card||35,000 points worth $400 in travel after you spend $3,000 in the first 3 months after opening the account||2X points on travel and 1X points on other purchases||None if you're a Premier client; otherwise $95|
|HSBC Gold Mastercard® credit card||N/A||N/A||$0|
HSBC credit card benefits
HSBC cards offer a variety of benefits that cater to cardholders ranging from frequent travelers to students, to families looking to pay down debt. Here are some common benefits on HSBC credit cards.
No foreign transaction fees
One of the nice features of HSBC credit cards is that there are no foreign transaction fees, not even on the cashback cards or the student credit card. That means you can take any HSBC credit card with you on an international trip without incurring the 1%-3% fee that some cards charge.
0% introductory APRs
If you need to pay down a balance on a high-interest credit card, you may want to look for an HSBC credit card with a zero APR deal. There are now three HSBC credit cards with 0% introductory APRs:
- HSBC Gold Mastercard® credit card
- HSBC Cash Rewards Mastercard® credit card
- HSBC Advance Mastercard® credit card
It's important to consider whether you want a zero-interest deal on both purchases and balance transfers, as well as how much time you need to pay down your debt.
Free FICO Score
HSBC credit cards come with a free FICO Score and your key score factors on your monthly statement. This is a good way to keep tabs on your credit without having to join a credit monitoring service. It also offers an easy way to check your score any time you're thinking about applying for new credit.
TSA Precheck credit
Two HSBC credit cards, the HSBC Premier World Mastercard® credit card and the HSBC Elite Credit Card, offer a TSA Precheck travel credit that will reimburse you the $85 application fee for the trusted traveler program once every 54 months.
Having TSA Precheck allows you to speed through airport security with a dedicated line, and skip some screening steps like taking off your shoes and removing liquids from your bag.
The HSBC Premier World Mastercard® credit card also has trip cancellation coverage, hotel and motel burglary coverage, and baggage delay and lost luggage coverage.
Most HSBC cards offer some kind of travel insurance, but some cards have more coverage than others. The most basic travel coverage includes travel accident insurance and car rental insurance.
If you travel frequently, it's a good idea to check the specific coverages and coverage amounts for a card you're considering.
The HSBC Elite Credit Card also offers up to $400 in travel credits per year that will reimburse you up to that amount for airfare, hotels and car rentals booked through HSBC Travel.
Some HSBC travel credit cards offer travel credits that reimburse you for some of your travel expenses.
Airport lounge access
HSBC has one credit card that will open the door to airport lounges for cardholders. The HSBC Elite Credit Card offers airport lounge access. You and a guest get free, unlimited access to LoungeKey airport lounges. This network includes over 1,000 airport lounges around the world. The card carries a $395 annual fee, which can be offset by the $400 in travel credits.
HSBC Credit Card Rewards
HSBC Rewards is a newly revamped rewards program that offers cardholders the ability to earn and redeem rewards points for spending on HSBC credit cards that offer rewards points.
Earn points by spending on your points-earning HSBC credit card, and then choosing your preferred points redemption option. The program allows you to redeem HSBC points for travel, gift cards, merchandise and even charity donations.
Which HSBC cards earn points?
Rewards are an important consideration when choosing a card. These three HSBC credit cards earn points:
- HSBC Advance Mastercard® credit card
- HSBC Premier World Mastercard® credit card
- HSBC Elite Credit Card
You can redeem HSBC points for a variety of options, including cash back, gift cards, merchandise and travel. You can get a good value from your credit card points by redeeming them for travel. You get 1.25 cents per point by redeeming them as statement credits for travel purchases and up to 1.5 cents per point by purchasing travel through the HSBC travel portal, depending on the card. You can get a potentially better value than this by transferring to one of HSBC's airline partners.
HSBC rewards points value
Value per point
|Travel||You get an HSBC Elite card, earn a 50,000-point welcome bonus and redeem through HSBC travel for a $750 plane ticket||Up to 1.5 cents or more|
|Transfer to an HSBC airline partner||Transfer to:
|HSBC Pay With Rewards||Get a $100 statement credit for a qualifying hotel stay for 8,000 points.||1.25 cents|
How to apply for an HSBC credit card
Apply for an HSBC credit card by choosing the card that's best for you, then visiting the HSBC site and clicking the "apply now" button by the card. Fill out the required information and submit your application.
Other ways to apply for an HSBC credit card include:
- Call HSBC customer service at (800) 485-1794
- Visit an HSBC bank branch in person
You can increase your odds of getting approved for an HSBC credit card by checking your credit and your credit score before you apply, making sure you have good-to-exceptional credit. You'll also want to pay down any existing balances so your credit utilization ratio isn't too high.
Can you prequalify for an HSBC credit card?
As with most credit card companies, HSBC may send prequalified offers to consumers they select. HSBC may send you an "invitation number" you can enter on your credit card application. However, you don't need an HSBC invitation number to apply. Also, an invitation number is not a guarantee that your application will be approved. You can increase your odds of approval by paying down outstanding credit card balances, checking your credit before you apply and making sure your FICO Score is in the good to exceptional range.
How to use an HSBC credit card
Did you just get your new HSBC credit card? Here's a quick list of tips for how to use an HSBC credit card to maximum advantage:
- Get familiar with the perks. When you get a new card, take some time to scan the benefits and learn how they work. If you don't know about the perks, rewards and insurance coverage on your card, you may be less likely to take advantage of these valuable benefits.
- Pay your bill on time. As with all credit cards, it's important to make your payments on time to keep your account in good standing and your credit clean. Even if you have an HSBC credit card that waives a late fee once a year, it's always smart to make at least the minimum payment by the due date.
- Know when to move on. If you got a card for a specific reason, such as paying down debt with a zero APR offer, it pays to shop around for a different card when your needs change in the future.
By taking these quick steps, you'll be able to get more out of your HSBC credit card and avoid pitfalls that come with not knowing the terms.
HSBC credit card FAQs
Are HSBC credit cards good?
HSBC offers an array of credit cards with perks and benefits designed to appeal to different consumers, from travelers to students. Check our benefits and drawbacks lists for our "best HSBC credit cards" picks above to quickly get an idea of whether a specific HSBC credit card may be a good fit for you.
How do you redeem HSBC credit card rewards points?
The HSBC rewards program offers many options for how to use HSBC credit card rewards points. Redemption options include statement credits for travel, booking travel through the HSBC travel portal, merchandise, gift cards and Shop with Points on Amazon.
Can I transfer my HSBC credit card rewards points?
Transferring points to an airline partner generally is a good way to maximize the value of your points. The HSBC airline partners are: Aer Lingus, British Airways, Emirates, Iberia and Singapore Airlines. Only HSBC Elite Credit Card or HSBC Premier World Mastercard® credit card cardholders can transfer points to one of the HSBC partner airlines.
Can I use my HSBC credit card overseas?
You can use your HSBC credit card overseas. In fact, HSBC credit cards don't charge foreign transaction fees, making them a good choice for international travel. A foreign transaction fee is a fee of up to 3% that some cards charge on purchases made outside the U.S., which tacks unnecessary costs onto your trip.
Does my HSBC credit card have travel insurance?
Most HSBC credit cards include some kind of travel insurance, but the coverage depends on the card. The most common travel insurance benefits are travel accident insurance and rental car coverage. Some HSBC cards also include more robust travel insurance coverage. For example, the HSBC Premier World Mastercard® credit card, our pick for the best HSBC travel credit card, has travel accident and rental car insurance plus: trip cancellation insurance, hotel and motel burglary insurance, baggage delay insurance and lost luggage insurance.
How can I increase my HSBC card’s credit limit?
You can request a credit limit increase on your HSBC credit card by logging onto the HSBC website. Once you're in your account, click on "view details" and then click on "services." Fill in the requested information. If you'd rather talk to a customer service representative, call the customer service phone number on the back of your card to request a credit limit increase on your HSBC card.
How long does it take for an HSBC credit card to arrive?
After you apply for an HSBC credit card, you should get an email letting you know the status of your credit card application. In general, it can take several weeks for a new credit card to arrive in the mail.
How many HSBC credit cards can you have?
HSBC has not published a limit on the number of HSBC credit cards one consumer may hold. However, Doctor of Credit reports that HSBC has a limit of three HSBC credit cards per cardholder.
How do I check my HSBC credit card application status?
HSBC will send you an email update on the status of your application and may request additional information. If you didn't get the email, check your spam folder. If you'd rather talk to a representative, you can also call HSBC customer service to check the status of your HSBC credit card application.
The information related to HSBC Cash Rewards Mastercard® credit card, HSBC Premier World Mastercard® credit card, HSBC Gold Mastercard® credit card, HSBC Cash Rewards Student Credit Card, HSBC Advance Mastercard® credit card, HSBC Elite Credit Card and Discover it® Student Cash Backhas been independently collected by ValuePenguin and has not been reviewed or provided by the issuer of this card prior to publication.