While one of the smaller issuers in Canada, HSBC actually offers a wide variety of credit cards.

To get most of them, however, you also need to have a bank account with HSBC.

But, they do issue 3 credit cards that are available to everyone. Here's a quick overview of what each of these offers.

HSBC Credit CardAnnual FeeCurrent Offer
HSBC +Rewards™ Mastercard®$25, annual fee rebate for the first year. Terms apply.10,000 points (terms)*
HSBC World Elite® Mastercard®$149, annual fee rebate for the first year. Terms apply.Up to 60,000 points (terms)*
HSBC Mastercard$0None

* These offers are not available in Quebec. For Quebec residents, click on the terms link to see your offers.

An HSBC Mastercard with low interest rates that also earns rewards

The is a rare credit card that offers both rewards AND low interest rates. In fact, only 4 cards in our database offer both.

For rewards, this card will earn you:

  • 2 points per $1 spent on eligible dining and entertainment, and
  • 1 point per $1 on all other purchases.

An HSBC Rewards point is worth 0.5 cents each when redeemed for travel, so you'll get a return of up to 1% on your purchases.

There's also a welcome bonus. You can earn 10,000 points when you spend $2,000 in the first 6 months.

And while it offers no travel insurance, you'll get 3 types of purchase insurance:

  • extended warranty,
  • purchase protection, and
  • price protection.

Price protection is rarely offered on Canadian credit cards. How it works is if an item you purchase sells for a lower price within 60 days of your purchase, you can be refunded the difference, up to $500 per purchase (maximum claim amount is $1,000 per year).

And you get all of this for a very low annual fee of $25, and that's currently rebated for the first year.

Related: Best Low Interest Credit Cards In Canada For 2020

Best Travel rewards HSBC Mastercard

HSBC also has a premium travel card – the . With this card, you'll get great travel rewards earnings, premium perks, great insurance, and no foreign exchange fees.

For rewards, you'll earn 3 points per $1 spent on all eligible purchases, which increases to 6 points on travel.

Each point is worth 0.5 cents each when redeemed towards any travel charged to your card, for a return of 1.5% on all purchases, and 3% on travel purchases.

And the welcome bonus is no slouch either. You can earn up to 60,000 bonus points:

  • 20,000 points after your first purchase, and
  • 40,000 points after spending $5,000 in the first 6 months.

Want some premium perks? This card has you covered. There's a few ways you can enjoy more savings, and enjoy some comfort while travelling.

First, this card comes with an annual $100 travel credit. This travel credit covers:

  • airline seat upgrades,
  • baggage fees, and
  • airport lounge access.

If you travel once a year, it's an easy $100 you can get back.

You can also get airport lounge access with Mastercard Airport Experiences provided by LoungeKey. You can access over 1,000 airport lounges worldwide. Just note that each visit costs $32 USD, but it can be reimbursed with the card's annual travel credit.

And, you can also save 10% on select hotel bookings when you book through HSBC's Expedia and Agoda portals.

But, the best part is this card has no foreign exchange fees. You'll save the typical 2.5% fee most credit cards charge when making purchases in foreign currency. Instead, you'll be able to keep that fee for yourself.

And, you'll be covered for insurance, with 11 different types included.

It's all for an annual fee of $149, which is currently rebated for the first year.

Related: Best Foreign Exchange Travel Credit Cards In Canada For 2020

Best no annual fee HSBC Mastercard

The information related to HSBC Mastercard has been collected by creditcardGenius and has not been reviewed or provided by HSBC.

The is a basic card that doesn't offer much beyond not having an annual fee.

The card doesn't include any rewards, and the only perk it offers is extended warranty. It's really only useful if you just need a basic card for occasional purchases.

If you don’t want to pay an annual fee for your credit card but still want to earn some rewards, check out our no annual fee credit card page. There we go over our top 10 no fee credit cards, as determined by our algorithm.

Related: Best No Annual Fee Credit Cards In Canada For 2020

Compare HSBC credit cards

This table is displaying our default Genius Rating, which applies our standard weight to all 8 of our scoring categories (rewards, fees, insurance, interest, perks, approval, and acceptance). The other card displays in the article are configured to specific categories, based on what the card does best. Learn more about our rating methodology.

Frequently asked questions about HSBC credit cards

Here are a few commonly asked questions about HSBC Mastercards.

Are all HSBC credit cards available to anyone?

No, not all HSBC credit cards are available to anyone. There are only 3 that anyone can apply for. The others require an HSBC bank account.

What can HSBC Rewards be used for?

HSBC Rewards can be used for travel, gift cards, statement credits, merchandise, and direct deposits into HSBC bank accounts.

How can I apply for an HSBC Mastercard?

You can apply for an HSBC credit card using our secure links. Click on an Apply Now link, and you'll be taken to the HSBC site. Or, click on Learn More, for more card details. There is an apply link on that page as well.

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