Joining the HSBC Rewards Plus Program? Here’s what you need to know…

If you love the movies, travelling or online shopping and want to do it all for free, the HSBC Rewards Plus Program might be right up your alley.

This rewards program allows HSBC credit card customers to collect points for every dollar they spend, which can then be redeemed for rewards. The Program has a large variety of freebies on offer, including travel perks, cashback, tech products and tickets to the theme park, so if you love freebies when you spend, this could be a rewards program for you.

Depending on the HSBC credit card you’re using and whether you’re making a domestic or international purchase, you could be earning up to 2 points for every $1 spent on your rewards card. But keep in mind that points on this rewards program expire after 36 months and there’s also a points cap every month, so you may have to be a bit strategic about how you’re earning and redeeming those points.

Credit cards eligible for earning rewards points with HSBC

There are three credit cards eligible for the HSBC Rewards Plus Program.

Find out more

As long as your credit card is linked to the HSBC Rewards Plus Program, you’ll be able to start earning points.

There are also some HSBC rewards credit cards linked directly to the Qantas Frequent Flyer program, which might be just the ticket if you’re a big fan of Qantas and know that’s where you’ll be using your points. If that sounds like what you’re after, check out the full list of HSBC credit cards.

The HSBC Low Rate Credit Card does not qualify for this program.

The types of rewards available to HSBC spenders

There’s something for everyone in the HSBC Rewards Plus Program, which offers a broad range of perks including:

Entertainment - Looking for fun activities to do over the weekend? You’ll be able to redeem your points for tickets to the theme park or the latest movie releases and plenty more.
Travel - If travel is the name of the game, then HSBC Rewards include gift cards to cover your travel needs including flights and accommodation. HSBC Premier and Platinum cardholders are also able to convert their rewards points into Velocity Frequent Flyer points for more travel perks, while Premier cardholders can also cash in points for Asia Miles and Singapore Airlines KrisFlyer Miles.
Shopping - Keen for a bit of retail therapy? HSBC has an online catalogue with a wide selection of products including smartphones, computers, kitchen appliances and wine. But make sure you’re having the items delivered to an Australian address, as they can’t be sent overseas.
Cashback - If you can’t decide on a reward yet, there’s an option to choose from $25, $50 and $100 cashbacks, so you can use your points to buy basically whatever you want. All cashbacks are credited directly to your HSBC credit card.

How to earn points with a HSBC rewards card

Spend, spend, spend! You earn points for each eligible spend on your HSBC rewards cards, but keep in mind that the number of points you earn varies depending on which HSBC credit card you have:

You can check your points balance on your credit card statement.

Redeeming points with the HSBC Rewards Plus Program

It’s easy! Redeem your points online by logging in to your HSBC Reward Plus account and clicking on ‘My Rewards’ or ‘Redeem your rewards’ to begin the request process.

You can also redeem points over the phone by calling HSBC on 132 152 for Classic and Platinum card holders or 1300 301 168 for Premier card holders.

Once redeemed, most rewards should arrive in 14 days but allow up to 28 days to receive your reward.

Frequently asked questions

Do HSBC rewards points expire?

Are HSBC points capped?

Yes, there is a 10,000 points cap per statement cycle. Combined with the points expiration date, that means you’ll want to be a little bit strategic when it comes to stacking up a pile of points. To stay under the points cap, big spenders might need to spread their spending out a bit. On the other hand, if you’ve got a big points goal in mind, make sure you’re spending enough to reach it before your points start expiring.

What purchases won't earn me rewards points?

Is there a fee to join the HSBC Rewards Plus Program

Is there an annual income criteria to apply for a HSBC card?

You must earn a minimum of $40,000 per year to apply for the HSBC Platinum Credit Card.

If you’re keen to get your hands on the HSBC Premier World Mastercard, it gets a bit trickier. To apply, you must have:

at least $500,000 in loans OR
$200,000 in savings and investments OR
a combination of loans, savings and investments totalling at least $500,000 with HSBC

The HSBC Premier World Mastercard also requires you to maintain an HSBC Premier Cash Mana

How does the HSBC Rewards Plus Program compare to other rewards programs?

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