HSBC credit cardsWhile this information was accurate at the time this post was published, these cards’ offers and perks may have expired or changed over time. Visit our reviews of the best credit cards to find the right card for your needs.

Anytime you’re looking at more than one credit card from the same bank or issuer, it’s important to determine how they differ and what each has to offer that pertains to your individual needs. The HSBC Cash Rewards Mastercard credit card and the HSBC Gold Mastercard credit card, two cards we just added to our site, have a lot of similarities — both offer lengthy 0% intro APRs on balance transfers and charge absolutely no annual fee — but they also diverge in a couple of key ways. One is a better fit for someone looking to take advantage of a long 0% intro APR on both purchases and balance transfers, while the other is a well-rounded cash back credit card with the bonus of more than a year of 0% intro APR on balance transfers. To learn more about these HSBC credit cards, what they have to offer and which is the best option for your wallet, keep reading.

Which of these HSBC credit cards is right for you?

HSBC Cash Rewards Mastercard credit card offers solid cash back
HSBC Cash Rewards Mastercard credit card
  • Earn unlimited 1.5% cash back on all purchases
  • Spend $500 on purchases within the first 3 months and earn a $150 cash rewards bonus
  • Earn an extra 10% bonus on all the cash back you earn every year on your membership anniversary
  • Enjoy a 15-month 0% intro APR on balance transfers (with a 4% balance transfer fee)
  • Pay no annual fee or foreign transaction fees

If you’re looking for a credit card available to those with good to excellent credit (credit scores of 700 or higher) which offers solid cash back rewards and a long 0% intro APR on balance transfers, the HSBC Cash Rewards Mastercard credit card could be a good choice. Cardholders earn unlimited 1.5% cash back on all purchases, which means you don’t have to worry about spending caps or rotating categories. As an added bonus, when you spend $500 within your first 3 months, you’ll get $150 cash rewards back. On top of all that, every year on the anniversary of opening your card, you’ll earn a bonus equal to 10% of all the cash back you earned over the previous year — that means if you earn $500 cash back, you’ll get an extra $50 back!

The HSBC Cash Rewards Mastercard credit card also features a 0% intro APR on balance transfers for the first 15 months — keep in mind, there is a balance transfer fee of 4% or $10, whichever is higher — and does not charge an annual fee or foreign transaction fees. You’ll also get a number of purchase-related perks, including purchase protection (up to 90 days of protection for most card purchases against theft or accidental damage, maximum $1,000), extended warranty (doubles your warranty for up to one year) and price protection (get a refund on the difference if you see a lower price for an item you buy within 60 days of purchase). Note that there is no 0% intro APR on purchases with this credit card, which means it’s probably not the best choice for those planning carry a balance.

Get 18 months of 0% intro APR with the HSBC Gold Mastercard credit card
HSBC Gold Mastercard credit card
  • Enjoy an 18-month 0% intro APR on purchases and balance transfers (with a 4% balance transfer fee)
  • Pay no annual fee
  • Pay no foreign transaction fees
  • Get one late fee waiver per year

The HSBC Gold Mastercard credit card offers a lengthy 0% intro APR on both purchases and balance transfers for 18 months. Note that there is a balance transfer fee equal to 4% of the total amount you’re transferring ($10 minimum), which is slightly higher than most other balance transfer credit cards we review, but you could still save quite a bit if you’re moving your balance from one or more high-interest credit cards. Other notable benefits of this credit card include no foreign transaction fees, making it a good option for those who travel abroad, no annual fee and a late fee waiver. The same purchase-related perks we noted for its sister card above are also included with this card. Rounding things out, the HSBC Gold Mastercard credit card requires good to excellent credit, typically considered a credit score of 700 or higher, for approval.

What if the balance transfer fee is too high?

Not excited about the 4% balance transfer fee? Consider the BankAmericard Credit Card, which features a 15-month 0% intro APR on balance transfers made in the first 60 days of account opening and no balance transfer fee for the same 60-day period (after that, it’s 3% or $10, whichever is greater). This card does charge foreign transaction fees, but it has no annual fees or penalty APRs, and the 15-month 0% intro APR also extends to purchases. Rounding out the card is monthly FICO credit scores for free.

Learn more about other credit cards similar to these by reading our reviews of the best credit cards, and keep following our personal finance blog for all the news and information you need to know about credit and finances.

Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author’s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This content was accurate at the time of this post, but card terms and conditions may change at any time. This site may be compensated through the credit card issuer Affiliate Program.