HSBC Platinum Mastercard® with Rewards credit card HSBC Platinum Mastercard<sup>®</sup> with Rewards credit card
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HSBC Platinum Mastercard® with Rewards credit card Review

Apply for a HSBC Platinum Mastercard® with Rewards credit card
Rating:
Bottom Line:
$100 bonus opportunity; earn equivalent of 1% cash back on all purchases; 12-month 0% intro APR on purchases and balance transfers

Full Review:
The HSBC Platinum Mastercard® with Rewards credit card provides the sweet-spot combination of an intro bonus, ongoing rewards (which can be redeemed for cash back) and a 0% intro APR on purchases and balance transfers. Even better, the card is available to those with just good credit, which is typically thought to be a credit score above 700.

To start, HSBC Platinum Mastercard® with Rewards credit card holders will earn $100 cash back after spending $500 in the first 3 months you have the card. In addition, all your card purchases will earn 1 point for each $1 you spend. You can redeem your rewards for cash back, flights on most major airlines, gift cards, and merchandise. If you choose to redeem for cash back, 1 point equals $0.01, or you can think of it as getting 1% cash back.

In addition to rewards, users will enjoy a 12-month 0% intro APR on both purchases and balance transfers. This means you won't pay a dime of interest on all purchases you make until the 12 months are up. Thereafter, the regular purchase APR is assessed each month. You can also transfer your balances from other high-interest cards over to the HSBC Platinum Mastercard® with Rewards credit card and save some money by paying no interest for 12 months. There is a balance transfer fee of 4%, which is slightly higher than average, but depending upon how much you're transferring and your current interest rate, it could be worthwhile. To see for sure, take a look at our free and easy-to-use Balance Transfer Calculator.

Other card benefits include purchase assurance, extended warranty and price protection. In addition, travelers will appreciate no foreign transaction fees and car rental insurance. There is also no annual fee.

The HSBC Platinum Mastercard® with Rewards credit card is a solid fit for anyone looking for a rewards card - that doubles as a cash back card - with no annual fee and a 0% intro APR on purchases and balance transfers.

Highlights from HSBC
  • Earn $100 Cash Back after you spend $500 or more in new, net purchases in your first three months from credit card account opening.
  • 0% Introductory APR on credit card purchases and balance transfers for the first 12 months from Account opening. After that, a variable APR of 13.99%, 17.99% or 23.99%, will apply.
  • No annual fee.
  • No foreign transaction fees.
  • 1 Rewards Program Point for every dollar in new, net card purchases.
  • Earn unlimited Rewards Program Points with every purchase that never expire.
  • Redeem for cash back, popular gift cards, merchandise, or flights on most major airlines.
  • Make purchases the way you want — mobile payment enabled supporting Android Pay™, Apple Pay™ and Samsung Pay™.
  • Shop with confidence knowing that your purchases are covered with our valuable protection programs.
  • Fraud coverage if your card is ever lost or stolen.
  • Use online banking to access your account, even from your smartphone, with our mobile app.
  • Terms Apply.

Fees and APR
  • Annual Fee: $0.
  • Purchase APR: 0% intro for 12 months, then 13.99%, 17.99% or 23.99%, depending on credit history.
  • Balance Transfer APR: 0% intro for 12 months, then 13.99%, 17.99% or 23.99%, depending on credit history.
  • Balance Transfer Fee: Either $10 or 4%, whichever is greater.
  • Foreign Transaction Fee: None.
  • Terms and Conditions


Apply for a HSBC Platinum Mastercard® with Rewards credit card

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Card Details

Features:Earn 1x point per $1 on all purchases - redeem for cash back and more; $100 bonus after spending $500 in first 3 months.
Purchase APR:0% intro for 12 months, then 13.99%, 17.99% or 23.99%
Balance Transfer APR:0% intro for 12 months, then 13.99%, 17.99% or 23.99%
Annual Fee:$0
Credit Needed:Good/Excellent

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