HSBC Bonus Promotions: Save Money and Earn Rewards Today!

HSBC is a well-known multinational bank that offers a range of financial products and services to its customers. One of the unique features of HSBC is its bonus promotions, which are designed to help account holders save money or earn rewards. These bonus promotions can encourage customers to sign up for HSBC’s various financial products, from credit cards to savings accounts. Some of HSBC’s current bonus promotions include a welcome bonus for opening a new account, cash back on purchases, and high interest rates for savings accounts. In this article, we will explore some of these bonus promotions in more detail, including their benefits, eligibility requirements, and how to take advantage of them. Whether you’re a current HSBC customer or considering opening a new account, these bonus promotions can help you make the most of your money and earn rewards for your financial activities. So, let’s dive into the various bonus promotions that HSBC is currently offering to see how they can help you achieve your financial goals.

HSBC Cash Rewards Credit Card

HSBC’s Cash Rewards Credit Card is an attractive option for customers who want to earn rewards on their everyday purchases. Here are some key features of this card:

  • Sign-up bonus: $150 when you spend $2,500 in the first 3 months
  • 3% cash back on dining purchases
  • 2% cash back on gas purchases
  • 1% cash back on all other purchases
  • No annual fee
  • 0% intro APR for 12 months on balance transfers made within the first 60 days of account opening
  • No foreign transaction fees
  • Visa Signature benefits, including travel insurance and discounts on car rentals

If you’re someone who frequently dines out or commutes by car, the HSBC Cash Rewards Credit Card can be a great way to earn cash back on those expenses. Additionally, the balance transfer offer and lack of annual or foreign transaction fees make this card a strong option for people looking to consolidate or transfer balances from other cards.

What’s the difference between a cash rewards card and a credit card?

  • A cash rewards card offers you cashback rewards for using the card, while a credit card allows you to borrow money and pay it back over time.
  • Cash rewards cards generally have higher interest rates and fees than regular credit cards.
  • Cash rewards cards may have restrictions or limitations on the rewards earned, while credit cards may offer more flexibility in how you use your credit.

If you’re considering a cash rewards card, it’s important to read the terms and conditions carefully to ensure that the rewards and fees make it worth your while. Websites like NerdWallet and Credit Karma offer helpful tools for comparing different credit card options.

HSBC Direct Savings

If you’re looking for a high-yield savings account, HSBC Direct Savings might be a good option for you. Here are some key features of this account:

Feature Details
APY 0.15%
Monthly maintenance fee None
Minimum balance requirement None
FDIC insured Yes
Welcome bonus $50 when you open your account with at least $10,000

HSBC Direct Savings is a solid option for anyone looking to grow their savings without worrying about fees or minimum balance requirements. They offer one of the highest interest rates in the industry, making it a great choice for customers who want to maximize their savings. Additionally, the $50 welcome bonus is a nice perk for anyone who can deposit at least $10,000 into the account. As with any savings account, it’s important to review the terms and conditions thoroughly to ensure that you understand any potential fees or limitations.

Does HSBC Direct savings have a minimum balance?

Yes, HSBC Direct savings does have a minimum balance. As of October 2021, the minimum balance required to open and maintain a savings account is $1. You will also need to maintain a daily balance of at least $1 to avoid monthly maintenance fees. However, the interest rate for this account is currently 0.15% APY.

If you’re interested in opening a savings account with HSBC Direct, you can visit their website to learn more about the account and its features.

HSBC Premier Checking

If you’re looking for a premium checking account, HSBC Premier Checking might be a good fit for you. Here are some key features of this account:

Feature Details
Welcome bonus $450 when you open a new account and make qualifying direct deposits totaling $5,000 or more within the first three months
ATM fees None for HSBC ATMs worldwide
Monthly maintenance fee $50 per month, waived if you maintain a minimum combined balance of $75,000 in eligible HSBC accounts
Financial planning Complimentary financial planning services with a dedicated Premier Relationship Manager

HSBC Premier Checking is designed for customers with higher account balances who want premium banking benefits. The $450 welcome bonus is a significant perk that can help offset the monthly maintenance fee, and the Premier Relationship Manager provides personalized financial planning services to help you achieve your financial goals. The account also comes with no ATM fees worldwide, making it a convenient option for frequent travelers. It’s important to note that the monthly maintenance fee can be high if you don’t maintain the minimum combined balance of $75,000, so be sure to review the account requirements carefully.

Is HSBC Premier a checking or savings account?

HSBC Premier is a premium banking program that includes both checking and savings account options. Here are some key features of HSBC Premier accounts:

  • Checking account offers unlimited free transactions, free domestic and international wire transfers, and no ATM fees worldwide.
  • Savings account offers higher interest rates, no monthly maintenance fees, and free online transfers between HSBC accounts.
  • To qualify for HSBC Premier, you need to maintain a minimum balance of $100,000 in combined personal deposit and investment accounts with HSBC.

For more information about HSBC Premier accounts, visit the HSBC website or speak to a representative at your local HSBC branch.


HSBC offers a range of bonus promotions for customers looking to earn rewards or save money. Whether you’re interested in a credit card, savings account, or checking account, there’s likely a promotion that can benefit you. The HSBC Cash Rewards Credit Card is a great option for those who want to earn cash back on their everyday purchases, while the HSBC Direct Savings account offers a high interest rate with no monthly maintenance fees. HSBC Premier Checking is designed for customers with higher account balances who want premium banking benefits, including a significant welcome bonus and no ATM fees worldwide.

It’s important to review the terms and conditions of each promotion carefully to ensure that you qualify and understand the requirements. Some promotions may have minimum spending or direct deposit requirements, while others may require a minimum balance to earn rewards or avoid fees. However, if you’re able to meet the requirements, HSBC’s bonus promotions can provide a valuable opportunity to save money or earn rewards.

In conclusion, if you’re in the market for a new financial product, be sure to check out HSBC’s bonus promotions and see if there’s an offer that’s right for you. Whether you’re looking to save money, earn rewards, or access premium banking benefits, HSBC has a variety of options to choose from.

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