HSBC Cash Rewards Mastercard Review
- $150 offer: earn $150 after spending $500 in first 3 months.
- Earn 1.5% cash back on all purchases.
- 10% Anniversary Bonus on all Cash Rewards earned each year. That makes the cash back rate to be 1.65% on everything.
- No foreign transaction fee.
- No annual fee.
- The sign-up bonus is just so so.
Recommended Application Time
- We recommend you apply for this card after you have a credit history of at least two years and you are very comfortable with the credit card game.
1.5% cash back on everything is not impressive compared to Citi Double Cash (DC) which earns 2% cash back everywhere with no annual fee. Besides, HSBC has a bad service comparing to US banks. The sign-up bonus (which is just so so) is the only reason to get it.