HSBC Rewards Credit Card: The Best No-Fee Cashback Card in the UK? – Conta Ideal

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HSBC Rewards Credit Card: The Best No-Fee Cashback Card in the UK?

Why Choose the HSBC Rewards Credit Card?

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Best for: Earn Rewards

HSBC Rewards Credit Card

HSBC Rewards Credit Card

★★★★★ 4 Conta Ideal review
★★★★★ 4 Conta Ideal review
Recommended credit score: 580-740
APPLY NOW
on HSBC’s secure site
Annual Fee:
£0
APR:
20.9% variable
Pros and Cons
  • ✔ No annual fee: Helps keep costs low.
  • ✔ Flexible rewards program: Earn points on purchases that can be redeemed for travel, products, or cashback.
  • ✔ Additional benefits: May include travel insurance, purchase protection, and other exclusive perks from HSBC.
  • ✖ High interest rate: The variable APR can be costly if balances are carried over.
  • ✖ Limited rewards options: The rewards program may not be as extensive as those offered by some premium cards.
Product Details
Rewards Accumulation: Earn reward points on every purchase.
Redemption Options: Points can be exchanged for travel, merchandise, or cashback via HSBC’s rewards portal.
Online Management: Easily track transactions and rewards through online account management.
Additional Perks: Enjoy extra benefits like travel insurance and purchase protection, enhancing the overall value of the card.
Why we like it
Cost-Effective: The lack of an annual fee paired with flexible rewards makes it a strong option for budget-conscious consumers.
Valuable Extras: Additional benefits such as insurance coverage provide extra security and convenience.
User-Friendly: Straightforward online management and transparent terms contribute to a positive customer experience.

In the competitive world of credit cards, HSBC has launched a new option for UK consumers:

the HSBC Rewards Credit Card.

This card stands out as a simple, no-annual-fee solution for earning cashback on everyday purchases.

Related Topics

Cashback Credit Card→ Unsecured Credit Card Bad Credit→No credit→Credit card with easy approval→

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But is it the best cashback credit card available in the UK? Let’s dive into the details and see how it compares to other top options.

Key Benefits of the HSBC Rewards Credit Card

  • £25 Welcome Bonus: Receive a £25 cashback bonus upon approval.
  • No Annual Fee: Enjoy rewards without paying yearly fees.
  • Simple Cashback System: Earn 1p for every £5 spent, translating to a 0.2% cashback rate.
  • Annual Spending Bonus: Spend £10,000 in a year and receive an additional £25 cashback.
  • Competitive APR: A representative APR of 21.9% variable.

How Does It Compare to Other Cashback Credit Cards?

The HSBC Rewards Credit Card offers a straightforward approach to earning cashback.

However, how does it stack up against other popular credit cards in the UK, such as American Express and Barclaycard?

HSBC vs. American Express Cashback Cards

FeatureHSBC Rewards Credit CardAmerican Express Platinum Cashback Everyday Card
Welcome Bonus£25£10 cashback when you spend £2,000 in 3 months
Annual Fee£0£0
Cashback Rate0.2%Up to 1%
Annual Spending Bonus£25 at £10,000 spendNone
Representative APR21.9%22.9%

While American Express offers a higher cashback rate, the HSBC Rewards Credit Card remains a solid choice for those who prefer a Mastercard and want a simple, fee-free option.

FAQs: Common Questions About the HSBC Rewards Credit Card

FAQ

What is the best no-fee cashback credit card in the UK? ▼
The HSBC Rewards Credit Card is among the best options for those looking for a no-annual-fee card with straightforward cashback rewards. However, American Express cards may offer higher rates for specific spending categories.
How much cashback can you earn with the HSBC Rewards Credit Card? ▼
For every £5 spent, you earn 1p cashback. For example, if you spend £5,000 in a year, you will receive £10 cashback. Spending £10,000 in a year will give you an additional £25 bonus.
Is HSBC Rewards Credit Card better than American Express? ▼
It depends on your spending habits. If you prefer a card with no annual fee and use Mastercard widely, HSBC offers simplicity. However, if you can meet higher spending thresholds, American Express may provide better returns.
How do I apply for the HSBC Rewards Credit Card online? ▼
Visit the official HSBC UK website to start your application. You'll need to provide your personal and financial details for approval.

Top 5 No-Fee Cashback Credit Cards in the UK for 2025

  1. HSBC Rewards Credit Card – Best for simple cashback and no annual fee.
  2. American Express Platinum Cashback Everyday Card – Higher rates but limited acceptance.
  3. Barclaycard Rewards Card – No fees for overseas spending and decent cashback.
  4. Santander Everyday Credit Card – Good for cashback on daily purchases.
  5. Tesco Bank Clubcard Credit Card – Earn points that can be converted to cashback or rewards.

How to Maximize Cashback with HSBC Rewards Credit Card

  • Use for Everyday Expenses: Groceries, fuel, and recurring bills can help you rack up cashback quickly.
  • Meet the £10,000 Annual Spend: If you can reach this threshold, you’ll get an additional £25 bonus.
  • Pay Your Balance in Full: Avoid paying interest by settling your balance monthly.

Final Thoughts: Is It Worth Getting the HSBC Rewards Credit Card?

If you’re looking for a no-fuss, fee-free cashback credit card in the UK, the HSBC Rewards Credit Card is a solid choice.

Its straightforward rewards system and no annual fee make it perfect for everyday spending.

However, if you’re a high spender seeking maximum cashback, exploring options like American Express might be more beneficial.

Apply for the HSBC Rewards Credit Card today and start earning cashback on your daily expenses!

Jonathan Castro

Jonathan is an experienced writer specializing in courses and exams. With a passion for education and a commitment to excellence, he has been helping students and professionals achieve their goals through informative and motivational content. A graduate in Literature from the University of São Paulo, Jonathan combines a solid academic background with years of experience in the communications industry. He stands out for his ability to turn complex topics into clear and engaging texts, ensuring that his readers get the most out of each article. When he’s not writing, Jonathan enjoys reading, traveling, and staying updated on the latest educational trends.

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