HSBC Travel Rewards Mastercard Review 2023

The HSBC Travel Rewards Mastercard is an excellent choice for travel junkies who want to maximize travel rewards. This card offers points on every purchase, additional points for travel-related purchases, and no annual fee. To redeem points for the best value, cardholders can apply their points to travel related purchases. This includes purchases made from airlines, hotels, campgrounds cottages, cruise lines, and more.

The HSBC Travel Rewards Mastercard offers points on almost all purchases made.

Travel: 3 points per dollar spent with a cap amount of $6,000 per calendar year (after you reach the cap amount, you’ll earn 1 point per dollar)

Gasoline and daily transit: 2 points per dollar spent

All other purchases: 1 point per dollar spent

The HSBC Travel Rewards Mastercard offers a welcome bonus of 25,000 points when you spend $1,000 within the first 180 days of opening your account. This converts to $125 worth of travel-related purchases. Get your application in by August 31st, 2023 to get this offer.

Redeeming rewards with the HSBC Travel Rewards Mastercard is simple and easy. Your earned points will appear on your account, and you can redeem them either online or over the phone.

For travel-related purchases, your online account will have a tab titled “Redeem Now.” From there you can select “Travel” to find travel purchases or to book directly using your HSBC credit card. For a statement credit, cardholders can find all travel-related transactions made in the last 60 days to apply points directly to their purchase. This is useful because cardholders are not restricted to specific companies for travel expenses. All purchases of goods and services from airlines, car rental agencies, hotels, cottages, campgrounds, and more will show up as a travel-related purchase that users can apply points to.

Cardholders can use their points in 3 different ways:

1. Travel: HSBC points can be used for all things travel related. Book transportation, hotels, cruises, rail tickets, and more directly on the rewards site. You can also redeem points for a statement credit toward travel purchases made online or through travel agents and charged to the card.

2. Financial: Use your points to achieve your financial goals. Convert your points for a credit toward your HSBC Bank Canada residential mortgage, credit card balance, or add the points to your HSBC personal savings account in the form of cash.

3. Gift cards and merchandise: With an extensive list of exclusive partners, HSBC points can be used for Apple products, other electronics, accessories, home and beauty essentials, and hundreds of other items. Don’t see an item you like? HSBC has more than 50 gift card options and 3 charities to put points toward.

In addition to its rewards, this card offers a few extra benefits for travellers, such as baggage delay, trip interruption and hotel/motel burglary insurance. Plus, extended warranty coverage, and purchase assurance offers extra security when making purchases with your card.

To apply for the HSBC Travel Rewards Mastercard, you must be of legal age and have a good credit score of around 670 to 739. There is no minimum income requirement to qualify for the card or annual fee.

The HSBC Travel Rewards Mastercard charges an interest rate of 20.99% for purchases. Additionally, you are subject to a 22.99% interest rate on cash advances and balance transfers. The card carries no annual fee, but has a 2.5% foreign transaction fee.

The HSBC Travel Rewards Mastercard is a great choice for those looking for an easy way to earn rewards points on their travel-related purchases. It offers a generous welcome bonus, no annual fee, and rewards on your everyday and travel purchases. The capped rewards amount may be an issue for some. However, the card provides a lot of value that can outweigh this factor. All in all, it’s a great option if you’re looking for an easy way to maximize your rewards while travelling.