You are here: Home - Credit Cards & Loans - News -

HSBC launches new cash-back credit card

0
Written by:
16/05/2019
HSBC has launched a new credit card that allows cardholders to earn points, which can then be converted to cash.

Holders of the HSBC UK Rewards Credit Card can earn Reward points on everyday purchase. They can then earn ‘bonus rewards’ on the first and yearly spend, with an additional bonus (up to 10%) at participating retailers across the UK.

The group has set up a ‘Mastercard Pay with Rewards’ app that gives instant rewards redemption for online and in-store spend.

The card is launched pre-loaded with 2,500 Reward points worth £25 for the customer to redeem. Customers will also receive 2,500 Reward points worth £25 annually (for the first five years) if they meet an eligible spend threshold of £10,000 in the year.

The HSBC UK Rewards Credit Card also has 0% interest on purchases for 6 months from account opening and 0% interest for 6 months on balance transfers made within the first 60 days of account opening. A 2% fee (minimum £5) applies.

Cardholders get 1 point for every £5 spent on the card. There are also special offers provide an opportunity for cardholders to earn up to 10% back on reward points at specific providers.

Madhusudan Kejriwal, HSBC UK’s head of unsecured lending and payments, said: “We designed this card by listening to customer feedback, giving the cardholders unrestricted freedom to use their rewards as and when they see fit.  It also offers simplicity, convenience and flexibility on their ability to earn and redeem rewards.”

 

 

 

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

ISAs: your back-to-basics guide for 2018/19

Here’s everything you need to know to make the most of your unused ISA allowance ahead of the 5 April deadli...

A guide to Sharia savings accounts

A number of Sharia savings products have upped their game in recent months, beating more familiar competitors ...

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
Open banking ushers in new world of personal finance

A quiet revolution in banking has been taking place over the last 15 months, although the chances are, you won’t...

Close