HSBC Canada

Whether for daily spending or as a designated travel credit card, HSBC Canada offers something for all tastes. My favourite is the rewards program’s simplicity and the flexibility to redeem credits towards any eligible travel purchase billed to the card. The credit options mentioned below offer a range of excellent perks that make HSBC Credit cards a must for all Canadian households. 

HSBC World Elite Mastercard – Apply Now 

• • Annual Fee: CAD 149 (Annual Fee Rebate for the primary cardholder for the first year)
  • Welcome Bonus:
    • Up To 50,000 points* (Apply by September 29, 2023);
      • 20,000 points* as a welcome bonus when you make your first purchase
      • 30,000 points* when you spend $1,000 within 60 days of account opening
    • Offer for Quebec Residents: Up To 80,000 points (Apply by September 29, 2023);
      • 20,000 points* as a welcome bonus when you make your first purchase
      • 60,000 points* when you keep an account open and active for 60 days
  • Earning Rate:
    • 6 Points per $1 on all eligible Travel purchases
    • 4 Points per $1 on all eligible purchases that are Gas, Grocery and Drugstore
    • 2 Points per $1 on all other eligible purchases

• • Additional Benefits:
    • $100 annual travel enhancement credit*
    • No foreign transaction fees
    • Unlimited Wi-Fi through Boingo at over 1 million hotspots worldwide
    • Complimentary membership to Travel Pass Provided by DragonPass, offering access to over 1,300 airport lounges worldwide. Note that there will be a charge of USD 32 per person for each visit.
    • 10% discount on select hotel bookings on your card with Expedia and Agoda when you book directly through the HSBC Expedia and Agoda websites
    • Comprehensive Insurance Coverage
      • 31–day insurance coverage – Worldwide Emergency Travel Medical Insurance
      • Baggage delay or loss insurance
      • Trip Cancellation and Trip Interruption/Delay Insurance
      • Car Rental Insurance
      • Purchase Assurance and Extended Warranty insurance

• • Eligibility Requirements: Annual individual income of $80,000 or $150,000 household income, or a minimum of $400,000 in assets under management (based on liquid, investable assets with a financial institution in Canada).

HSBC Travel Rewards Mastercard – Apply Now 

• • Annual Fee: $0
  • Welcome Bonus: Apply by September 29, 2023 and earn;
    • 20,000 points ($100 travel value) when you spend $1,000 in the first 60 days
    • Offer for Quebec Residents: 20,000 points ($100 travel value) on keeping the account open and active for 60 days (Apply by September 29, 2023);
  • Earning Rate:
    • 3 Points per $1 on all eligible travel purchases
    • 2 Points per $1 on eligible gas and daily transportation purchases
    • 1 Point per $1 on all other eligible purchases

• • Additional Benefits:
    • Insurance Coverage
      • Baggage delay – covered for up to $100 per day to a maximum of 3 days for the purchase of necessities with a delay of 6 hours or more
      • Motel/Hotel Burglary Insurance
      • Trip Interruption – coverage for transportation costs incurred due to change in return date (maximum of $1,500 per insured person to a maximum of $5,000 per trip)
      • Extended Warranty Insurance – Automatically doubles the original manufacturer’s warranty for up to one additional year.
      • Purchase Assurance – 90-day coverage in the event of loss, damage or theft for eligible items

HSBC +Rewards™ Mastercard® – Apply Now 

• • Special Offer: Apply by September 29, 2023;
    • 35,000 points* when you spend $1,000 in the first 60 days of account opening ($175 value)
    • First-year annual fee rebate for primary cardholder* ($25 value)
    • Offer for Quebec Residents:  40,000 points (Apply by September 29, 2023) when you keep an account open and active for 60 days
  • Annual Interest Rate: 11.9% (on purchases, Cash Advances and Balance transfers)
  • Earning Rate:
    • 2 Points per $1 on eligible dining or entertainment purchases
    • 1 Point per $1 on all other eligible purchases

• • Additional Benefits:
    • Insurance Coverage
      • Price Protection Service – Find a lower price within 60 days of the purchase, and the difference will be refunded – up to $500, to a calendar-year maximum of $1,000 per account.
      • Extended Warranty Insurance – Automatically doubles the original manufacturer’s warranty for up to one additional year.
      • Purchase Assurance – 90-day coverage in the event of loss, damage or theft for eligible items

HSBC Cash Rewards Mastercard® – Apply Now

• Annual Fee: $0
• Welcome Bonus: Apply by September 29, 2023 and earn;
  • Additional 10% cashback on all purchases (up to $1000 in total purchases)
  • For the first 60 days;
    • 11.5%* cash back on eligible online purchases
    • 11%* cash back on eligible gas, grocery and drugstore
    • 10.5%* cash back on all other everyday purchases
  • Offer for Quebec Residents: $100 cash back on keeping the account open and active for 60 days.
• Earning Rate (after 60 days):
  • 1.5% cash back for every $1 (up to $6000) spent on eligible online purchases, including streaming services, online subscriptions, and food delivery.
  • 1% cash back for every $1 spent on eligible gas, grocery and drugstore purchases
  • 0.5% cash back for every $1 on all other everyday purchases
• Additional Benefits:
  • Insurance Coverage
    • Mobile Device Insurance – Coverage of up to $1,000 if your eligible mobile device is lost, stolen, accidentally damaged, or experiences mechanical failure
    • Extended Warranty Insurance – Automatically doubles the original manufacturer’s warranty for up to one additional year.
    • Purchase Assurance – 90-day coverage in the event of loss, damage or theft for eligible items

HSBC Rewards Program – A Review

There is much to love about a straightforward rewards program, and HSBC Rewards is just that. No mental gymnastics are required; members can earn and redeem directly within the program.

• • Earning HSBC Points
    As seen above, with the HSBC World Elite® Mastercard®, members earn 6 points on every $1 spent towards any travel purchases, 4 points on every $1 spent on gas, grocery and drugstore purchases, and 2 points on every $1 on all other eligible purchases.
  • Redeeming HSBC Points
    • Statement Credit – HSBC Mastercard cardholders can redeem points for a statement credit towards any eligible travel purchase charged to an HSBC Mastercard—no blackout dates.
    • Convert to Frequent Flyer miles – Cardholders can convert their points into other airline miles. Currently, the options include Asia Miles (25,000 Points = 8000 Miles), Singapore Airlines Krisflyer (25,000 Points = 9000 Miles), and British Airways Executive Club (25,000 Points = 10000 Miles)
    • Financial Rewards – Cardholders can redeem HSBC Points towards HSBC Personal Finance. The options in this category include;
      • HSBC Mastercard Account Credit: 25,000 Points = $75
      • HSBC Mortgage Account Credit: 25,000 Points = $100
      • HSBC Savings Account Credit: 25,000 Points = $75
    • Gift Cards and valuable merchandise – Last but not least, cardholders can also redeem points towards gift cards such as Esso, Costco, Amazon, and more., and other merchandise on the HSBC Rewards website.