The HSBC Rewards Credit Card offers a refreshing twist to your usual spending experience. Designed for those who want to earn while they shop, it combines everyday convenience with a generous reward system that brings real value. Whether you’re paying for groceries, booking a holiday, or simply grabbing a coffee, this card promises to give something back with each purchase.
By turning daily transactions into opportunities to earn points, the HSBC Rewards Credit Card stands out in a crowded market. With a welcoming bonus and a user-friendly mobile app that lets you redeem rewards easily, it’s more than just a payment method—it’s a way to make your money go further without changing your spending habits.
Key information about the credit card
How does the annual fee work?
One of the most appealing features of the HSBC Rewards Credit Card is the fact that it comes without an annual fee. While many cards in the same category charge a yearly cost to access reward programs or premium benefits, this one does not. That makes it a compelling choice for those who want to enjoy the perks of a rewards card without the burden of extra costs. It’s a financial advantage that shouldn’t be underestimated—especially for cardholders who want to keep their expenses predictable and under control.
How is the credit limit determined?
The credit limit for the HSBC Rewards Credit Card is determined based on a few essential factors, most notably your creditworthiness and overall financial health. When you apply, HSBC takes a close look at your credit history, income level, monthly financial commitments, and other affordability checks. This standard process is common in the credit industry and ensures that cardholders receive a responsible credit line tailored to their ability to manage it.
Advantages of the credit card
- Welcome bonus points: As soon as you make your first purchase with the card, you’ll receive 2,500 reward points worth £25. This introductory gift sets the tone for a rewarding card experience from day one.
- Ongoing bonus for loyal users: Each year, if you spend over £10,000 on the card, HSBC will reward you with an additional 2,500 anniversary points. This benefit is available for up to five years, making long-term loyalty genuinely valuable.
- 0% interest on purchases: For the first six months after opening your account, you won’t pay any interest on purchases. This gives cardholders a great opportunity to make larger purchases and spread the cost without incurring extra charges.
Standout advantage
The standout feature of the HSBC Rewards Credit Card is its ability to let users redeem reward points instantly through the Mastercard Pay with Rewards app. This gives cardholders the power to offset purchases directly at checkout—no waiting for statements, no need to reach a minimum points threshold. It’s a modern and intuitive way to make rewards work for you in real time, blending convenience with tangible value in everyday moments.
Disadvantages
- Short 0% promotional period: While the 0% interest offer is appealing, it only lasts for six months. After that, the standard interest rate of 23.9% APR kicks in.
- Balance transfer fee: Even though you get a promotional 0% interest rate on balance transfers, each transaction comes with a 2.99% fee, which can reduce the overall savings from the offer.
- Foreign transaction fees: If you use your card abroad, fees apply. This makes it less ideal for frequent travelers who want to avoid extra charges on international purchases or ATM withdrawals.
A standout disadvantage
The most notable downside of the HSBC Rewards Credit Card is the limited timeframe of its 0% interest offers. With just six months of interest-free purchases and balance transfers, users need to act quickly to make the most of these benefits. After this window closes, the relatively high variable APR of 23.9% could lead to significant costs if balances are not paid off in full—so strategic planning is essential to avoid unexpected interest charges.
Who can apply for this card?
To be eligible for the HSBC Rewards Credit Card, you must meet a few clear requirements. Applicants must be at least 18 years old and reside in the United Kingdom. You’ll also need to have a UK taxable income or pension of at least £6,800 per year before tax.
In addition to these criteria, only customers who hold certain HSBC accounts—specifically the HSBC Advance Account, HSBC Bank Account, or HSBC Premier Account—are eligible. You must also have deposited a minimum of £1,750 per month into your HSBC account for the last six months, not counting transfers from other HSBC accounts.
How to apply for the HSBC Rewards Credit Card
For the website
If you’re applying via the HSBC website, the process is straightforward and user-friendly. Start by visiting the HSBC UK credit cards page, where you’ll find all the relevant information about the Rewards Credit Card, including terms and conditions, a summary box, and FAQs. Once you’ve reviewed these, click on the ‘Apply in browser’ button.
You’ll be taken to an online application form, which will ask for your personal details, financial information, and employment status. HSBC will then perform a credit check to determine your eligibility. After submitting your application, you may receive an immediate decision or be asked to provide additional documents.
Through the app
Applying through the HSBC UK Mobile Banking app is equally efficient—perfect for customers who are always on the go. First, ensure you’ve downloaded the HSBC app and logged in to your existing customer profile. Once inside the app, navigate to the credit card section and select the HSBC Rewards Credit Card. From there, tap on ‘Apply in app’. The process mirrors the website experience but is optimized for mobile use.
The app will guide you through filling in your information, agreeing to terms, and submitting the request. Some users receive instant decisions, while others may be contacted for additional verification. Overall, it’s a seamless and secure way to apply using your smartphone.
At the branch
For those who prefer in-person service, you can apply for the HSBC Rewards Credit Card at a local HSBC branch. Start by locating your nearest branch using the online branch finder tool. Once there, speak with a representative who will guide you through the entire application. You’ll need to bring proof of identity, income, and address, so make sure to gather your documents in advance.
During your visit, the advisor will explain the card’s features, answer any questions you might have, and submit your application through HSBC’s internal system. The in-branch experience is ideal for those who want a more personalized touch or have specific questions that are easier to handle face-to-face.
