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What is a rewards credit card?

A credit card that offers reward points, where you can earn points from your everyday spending.

These points can be redeemed for a range of goods and services, such as shopping vouchers, gadgets and flights. They can also be used to redeem seasonal cash credits, waiver for your annual fee, and fast track options to redeem your preferred goods faster.

While reward points can be a smart way to benefit from your normal spending, it’s important to always spend within your means and understand exactly how the rewards program works.

How do reward credit cards work?

Banks will offer different rates for earning points for spending and a variety of items you can use your points for. If you’re considering a reward credit card, think about how you’ll spend and what you’d like to earn. This will affect which type of rewards credit card may suit you best. Here are some examples of how this can work:

Shopping points

You can receive points for every purchase you make on your credit card, for example 1 point for every Php20 you spend. There are ways to earn bonus points faster by using your credit cards at shopping and online merchants; you can earn up to 4X1 bonus points for every PHP20 spend. The points earned can be accumulated and exchanged for shopping vouchers, gadgets, appliances and furniture.

Air miles

If you’re a frequent flyer, it may be worth considering a credit card that earns you air miles on every purchase you make. There are certain merchant categories that let you earn 1 airmile for every P252 spend. These earned miles can then be exchanged for flights.

1 2HSBC Accelerated Rewards and Rewards Programme General Terms and Conditions apply

Accelerated rewards

Earn 1 Bonus Point for every PHP20 you charge to your HSBC Premier Mastercard, HSBC Platinum Visa, HSBC Gold Mastercard and HSBC Red Mastercard. Earn 1 Bonus Point for every PHP15 you charge to your HSBC Advance Visa. Enjoy accelerated rewards whenever you use your HSBC Credit Card in qualified merchant categories.

Find out more about accelerated rewards

What can I redeem with my bonus points?

You can use your earned points to redeem items that you love. Choose from cool gadgets, lifestyle essentials, shopping vouchers, air miles, and much more. Visit Rewards Catalog page for the full suite of rewards.

How to apply for a rewards credit card

Explore our range of HSBC Philippines Credit Cards and apply for a credit card online or at a HSBC branch near you.

Eligibility for a HSBC Credit Card:

  • An existing locally-issued primary credit card owned for at least 12 months
  • A minimum annual income of PHP200,000 for HSBC Red Mastercard
  • A minimum annual income of PHP500,000 for HSBC Platinum Visa


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