Start getting travel rewards with the HSBC +Rewards Mastercard now
via HSBC secure application
in free travel after 6 months & 1 purchase (no minimum spend)
The HSBC +Rewards Mastercard has a very decent welcome bonus for a card in this category. There is no minimum spend amount to unlock it and the card has no minimum income requirement either.
The welcome bonus is worth $175 based on our Flytrippers Valuation and HSBC points are extremely easy to use: they can be applied to any travel expense (but they can’t be transferred to airline programs unlike the HSBC World Elite Mastercard’s points).
The card has a lower earn rate, and limited insurance coverage and benefits, as most cards with very low annual fees do.
However, the HSBC +Rewards Mastercard has a retail benefit that very few cards have: the Price Protection Service. If you find a lower price within 60 days of your purchase, the difference will be refunded ($500 maximum). The card is also accepted at Costco.
Finally, Flytrippers strongly recommends never carrying a balance on any credit card. But if you do, this card has a very low interest rate (for purchases and even balance transfers).
Offer ends February 28, 2023. *Conditions apply
Welcome bonus of 40,000 HSBC Points
= $200 (fixed value of 0.5¢/pt)
= -$25 (deducted from Flytrippers Valuation)
Flytrippers Valuation of Welcome Bonus
= $175 in free travel
+ all points earned with your regular purchases
In addition to the $175 Welcome Bonus…
Earn rate as fixed-value points (= 0.5¢ per HSBC Rewards point):
The HSBC +Rewards card’s points are fixed-value points, so they give you great flexibility but can not give you outsized unlimited value (they can’t give you a good deal or a “rebate” compared to the cash price).
HSBC points are among the most flexible points: they are “eraser” points. They can be applied to any travel expense as a travel credit that simply “erases” the expense.
Unlike the points from the HSBC World Elite Mastercard, you do not have the option to transfer your points to airline partners to use them as potentially more valuable variable-value points.
More details about HSBC Points coming soon.
Price Protection Service (60 days; $500)
Purchase protection (90 days)
Extended warranty (1 year)
No medical travel insurance
No trip cancelation insurance
No trip interruption/delay insurance
No car rental insurance
No flight delay insurance
No baggage delay/loss insurance
No hotel burglary insurance
via HSBC secure application
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