HSBC Rewards
HSBC Rewards is the loyalty program offered by HSBC Bank Canada. You can earn points by using credit cards linked to HSBC Rewards. These points can be used to get rewards like travel, merchandise, gift cards, and even contribute towards certain HSBC banking products.
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HSBC has multiple cards that allow you to earn HSBC Rewards. In order to be eligible for the WB, you cannot have had the same HSBC card within the 12 months before applying.
Links for the cards are NOT affiliate links
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Annual fee: $149 (FYF)
WB: 80,000
MSR: $6,000
$100 annual travel enhancement credit (membership year)
6X points on travel
4X points on gas, grocery, and drugstore
2X points on everything else
No FX fees
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Annual fee: $25 (FYF)
WB: 35,000
MSR: $2,000
2X points on dining and entertainment
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Annual fee: $0
WB: 25,000
MSR: $1,000
3X points on travel
2X points on gas and transportation
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It is not possible to transfer HSBC Rewards points from one user to another.
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You can use HSBC Rewards points to get a statement credit for eligible travel purchases at a fixed rate of 0.5 CPP.
If you want to cash out the travel enhancement credit and HSBC Rewards points, you can use the refundable hotel trick. Just make a refundable booking for travel and redeem your points for a statement credit. After canceling the booking, you'll receive a statement credit. You can do all of this online by accessing your HSBC Rewards account.
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With HSBC Rewards, you can change your points into airline miles for a few different airlines at certain ratios. However, your account name must match between your HSBC Rewards and your airline loyalty account. Here are the ratios:
British Airways Executive Club 25,000:10,000
Cathay Pacific Asia Miles 25,000:8,000
Singapore Airline KrisFlyer 25,000:8,000
You must convert at least 25,000 points at a time, and then in increments of 10,000 points. If you have, for example, 80,000 points, you may need to do two separate conversions, like 45,000 points and 35,000 points, to access all your points. If you only do one conversion, it will be capped at 75,000 points, which means you'll have 5,000 points left over that you can't use.
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HSBC Rewards points will not expire if you have an HSBC Rewards-earning card.
The above links point directly to the issuer of the card, HSBC Bank Canada, where you can confirm card details.
They are not affiliate or referral links. Prior to submitting your application, consider using a rebate provider through a referral from r/churningcanada's monthly referral thread to help someone in the community.