bank rates

HSBC Bank 5% Cash Back Rebate Credit Card

HSBC Bank has released HSBC’s version of the Citi Dividends credit card. The Direct Rewards Platinum MasterCard gives pays a cash rebate.

5% back on gas, grocery and drugstore purchases.
Earn up to 1% cash back on all other purchases.

Looks like a good card to turn to when you max out your yearly rebate limits on your Dividends credit card.

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Comments (16)
1 Star2 Stars3 Stars4 Stars5 Stars (2 votes, average: 2.00 out of 5)
16 Existing Comments
  1. Yuan said:
    on August 26th at 06:21 pm

    Sounds like a good deal at first. But you have to keep using it to take advantage of this offer. So eventually the banks will make money from you.

  2. Checker said:
    on August 30th at 01:32 am

    I called HSBC. They don’t have a 5% cash back card.

  3. Anonymous said:
    on September 20th at 04:36 am

    goto their HSBC main website. it is listed, i just checked

  4. Sal said:
    on September 25th at 08:46 pm

    I went to their HSBC website but didn’t see it. Can you give any further information?

  5. bob said:
    on September 26th at 04:51 am

    Replaced with a 1% card. It’s gone, just like citibanks.

  6. Eric said:
    on December 6th at 01:53 am

    I just got the card a couple weeks ago after my Citi card went to 2%, and the terms clearly stated 5% cash back on gas, groceries, and pharmacies, just like Citi used to have. So it’s still available.

  7. j f morris said:
    on December 12th at 09:32 pm

    they require you to fill out much information in order to determine which card is best for you. when done, they offer you less attractive ones.
    thoseof you who have been successful, please give details.

  8. Anonymous said:
    on December 25th at 06:29 am

    I actually have an HSBC 5% card and have been using it for about 3-4 months already. I applied online without any hassles. I’ve heard from other people that they’ve gotten denied for this card though. I’m assuming they base qualification on income level, credit history, etc. My household income is average, but I have a high FICO score so I’m assuming that helped.

  9. Dan S said:
    on February 11th at 03:32 pm

    I applied a few months back just like Eric above after the Citi Dividends MC went from 5% to 2% on grocery, drugstore, convenience store, and gas purchases. Although it’s not on HSBC’s website, except a 1% card, I applied through another different website several months ago and it worked. The information states the terms of 5% on grocery, drugstore, and gas purchases, but it’s an annual reward, not monthly.

    Since there’s no website that shows the 5% reward that I can find anymore, I recommend you call the Customer Service number on the back of my Direct Rewards Platinum MC 800-379-7999 and ask for further details on the card. This card is issued by HSBC Bank Nevada, N.A.

  10. rich a. said:
    on March 26th at 10:03 pm

    it’s an annual reward – $500 max per year, 5% on gas, groceries, drugstore, 1% everything else.

    i applied months ago but hadn’t used the card… since Chase has now dropped their rewards from 5% to 2%, i will go with this card from now on.

    not sure if you can still get a new one. but i was assured the 5% DOES still apply.

  11. scott said:
    on May 23rd at 05:36 pm

    HSBC has no 5% gas card.

  12. madhan said:
    on September 10th at 10:50 am

    no there no not there

  13. Nancy said:
    on October 27th at 10:02 pm

    HSBC has a 5% cashback card BUT it has a $39.00 Annual Fee.

  14. Donnell said:
    on June 25th at 03:15 pm

    Washing Mutual (shittiest bank on earth) claims to give 5% cash-back rewards on all grocery store purchases – so far it’s been zero percent! Since I have called, emailed and complained multiple times to them (usually get routed to their call center in the philippines) my rewards summary has dissappeared from my account statement. I hate them!

  15. Dollar Bill said:
    on September 4th at 02:25 pm

    Do not deal with HSBC/Household Bank/Orchard Bank or any of their affiliates. They actually declined a $200 purchase on my card even though I had over 9000 of available credit and then demanded that I give them all kinds of info while I was in a store only 2 miles from my home address. They claimed they were conducting “security checks”. HSBC is a NASTY bank that loves to threaten their customers. BEWARE

  16. Stephen said:
    on January 20th at 03:57 pm

    Never experienced problems with HSBC. 2% cash back from them on everything I buy. Never paid them a penny in interest or any other fees so I’ve made over 1000 off of rewards from them in the past few years!