HSBC +Rewards™ Mastercard® (excl. QC)

This offer is only available to residents of Canada other than the province of Quebec (Quebec residents eligible for separate offer).

*Beta version of card page. Sign up to get updated guide soon.*

A good offer with no minimum income requirement (and a good card for those who don't always pay on-time)


in free travel after $1,000 in 2 months

The HSBC +Rewards Mastercard has a very decent welcome bonus for a card in this category. There is a low minimum spend amount to unlock it and the card has no minimum income requirement.

The welcome bonus is worth $180 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 September 29, 2023. *Conditions apply

Welcome bonus of 35,000 HSBC Points
= $175 (fixed value of 0.5¢/pt)

Earning of 1,000 points on the $1,000 minimum spend
= $5 (at base earn rate of 1X)

Card fee
= $0 (First Year Annual Fee Rebate)

Flytrippers Valuation of Welcome Bonus
= $180 in free travel
(fixed value)

+ all points earned with your regular purchases

In addition to the $180 Welcome Bonus…

Earn rate as fixed-value points (= 0.5¢ per HSBC Rewards point):

  • 2 pts (1.0%) per $ on eligible dining and entertainment
  • 1 pt (0.5%) per $ on all other eligible purchases

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

Detailed article on the credit card coming soon

HSBC +Rewards Mastercard

Offer Summary
  • $180 in free travel
  • Easy-to-use fixed-value points
  • Unique Price Protection Service
  • No travel insurance coverage (retail ins. only)
  • Accepted at Costco
  • Low interest rate for those who don't pay on-time
  • No minimum income required
  • Minimum spend of $1,000 in 2 months to reach
  • Terms and conditions apply*

Detailed article on the credit card coming soon

Start getting travel rewards with the HSBC +Rewards Mastercard now

via HSBC secure application

*Beta version of card page. Sign up to get updated guide soon.*

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