With the HSBC Platinum Mastercard, you can take advantage of their 20,000 bonus points! To get these points, all you have to do is partake in the 3x points introductory offer on all purchases and you can earn points up to $10,000 in purchases. We value these points to be around $200.
The HSBC Platinum Mastercard will get you 1X Points on all new purchases. This on top of the introductory offer makes it a pretty high rewards for a no annual fee card.
For a card that with no annual fees, this is one of the highest offers we’ve seen. For another card that will offer the same cash back opportunities on the same two categories, check out the Chase Freedom Unlimited card.
| Ink Business Preferred® Card 90K Points after $8,000 spend within first 3 months | Ink Business Unlimited® Credit Card $750 Bonus after $6,000 spend within 3 months |
| Capital One Venture X Business 150K Miles after $30,000 spend within 3 months | Ink Business Cash® Credit Card Up to $750 Bonus: Earn $350 after $3,000 spend in the first 3 months and an additional $400 with $6,000 spend in the first 6 months. |
| Chase Sapphire Preferred® Card 100K Points after $5,000 spend within 3 months. | Chase Freedom FlexSM $200 Bonus after $500 spend within 3 months |
| The Platinum Card® from American Express 80K Points after $8,000 spend within 6 months. Terms Apply. | Capital One Venture X Credit Card 75K Points after $4,000 spend within 3 months. |
| American Express® Gold Card 60K Points after $6,000 spend within 6 months. | Chase Freedom Unlimited® Card $200 Bonus after $500 spend within 3 months |
| Chase Sapphire Reserve® Card 60K Points after $4,000 spend within 3 months. | Capital One Quicksilver Cash Rewards Card $200 Bonus after $500 spend within 3 months |
* The Premier World Mastercard is issued by HSBC Bank. They also offer great sign-up bonuses for their Checking/Savings accounts. You can also compare this card with other credit card bonuses!
HSBC Platinum Mastercard Summary
| Bonus Available | Earn 3X introductory points on all purchases in the first 12 months from account opening, up to the first $10,000 in purchases. |
| *Bonus Value | $200 |
| Ongoing Rewards/Benefits | 1 point for every $1 spent on all purchases. |
| Foreign Transaction Fees | No |
| Annual Fee | $0 |
HSBC Platinum Mastercard 20,000 Bonus Offer
The bonus points with the HSBC Platinum Mastercard card is slightly different because you don’t earn it when you open the card, but rather, you receive the bonus by using the introductory offer.
The introductory offer is 3X points on all other purchases in the first 12 months from account opening with a max of $10,000 in purchases.
The bonus earned off of this is valued at $200.
Here are some ideas on meeting the spending requirements:
What Are HSBC Rewards Program Points Worth?
To get the most out of your HSBC Rewards Program Points, we recommend you use them for:
- Gift cards to popular restaurants, movie theaters and top retailers
- Merchandise from leading brands
- Travel booked through HSBC Rewards
- Cash back
Cash back offers you the most value out of your points because it yields a return of $0.01 per point, which is the industry average value you’ll get on most rewards credit cards.
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Bottom Line
The HSBC Platinum Mastercard is a good option if you want a card for your everyday purchases, but to open one you’ll need an HSBC Premier or HSBC Advance account. If you already have these accounts, then you can really maximize all of the benefits that comes with this card.
If this is not the best credit card for you, there are other credit cards that offers more than what the Platinum Mastercard is offering. But if you’re interested in what HSBC bank has to offer, check out the latest HSBC Bank Promotions!
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