What is a rewards credit card?

These points can be redeemed for a range of goods and services, like 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.

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:

You can receive points for every purchase you make on your credit card. There are ways to earn bonus points faster by using your credit cards at shopping and online merchants; you can even earn up to 4X¹ bonus points for every PHP20 spend with an HSBC Red Mastercard or HSBC Premier Mastercard. The points earned can be accumulated and exchanged for shopping vouchers, gadgets, appliances and furniture.

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.

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Some credit cards have great features that let you earn more than the usual points with your spend. With accelerated rewards, you get to earn points faster.

Find out more about accelerated rewards with an HSBC Credit Cards

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 our Rewards Catalog page to know what you can redeem through an HSBC Credit Card.

Explore our range of HSBC Philippines credit cards and apply for a credit card online.

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

You can also drop by at any HSBC branch near you to apply.