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What is a rewards credit card?

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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, 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.

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:

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Shopping points

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.

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

HSBC Red Mastercard Credit card rewards

Don’t have a card yet?

Earn 4x bonus points on your online, dining, shopping and overseas spend + 6% rebate on your first Caltex fuel purchase with a new HSBC Red Mastercard Credit Card. Apply for one today.

Already an HSBC credit cardholder? Discover latest credit card articles here.

Accelerated rewards

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

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

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How to apply for a rewards credit card

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

Eligibility for a HSBC Credit Card:


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