HSBC Cash Rewards Student card

Who is the HSBC Cash Rewards Student card for?

Much like it says in the actual name of the card, the HSBC Cash Rewards Student card is for those college students that are looking for the best card they can possibly get while still in school.

If you’re a student that likes sleek card designs, a great way to boost your credit score, and plenty of ways to get cashback fast, this could be the perfect card for you. It should be noted that if you are able to use this card’s abilities to their maximum potential, you can come out of college with an excellent credit score rating.

With the flexibility, this card offers with its rewards, the benefits that can be obtained by becoming a cardholder, and the ease of use this card has, it is truly at the top of its class among student credit cards.

Rewards Rate

This card offers a generous 1.5x cash back on all purchases per $1 spent. If you were to spend a low sum of $500 a month for a year, you would end up with 750 rewards points each month. Annually, cardholders would have 9,000 rewards points to redeem each year with just $500 spent a month on a student budget. If that number were to increase, so would your overall rewards.

Alternatively, to cash back rewards, you can redeem for gift cards, experiences, or merchandise with your reward points as well. To top it all off, this card has no capacity for its rewards. Truly, this card does it all.

Benefits and Credits

For some of those students who are looking to go abroad or potentially flying to New York, California, or London for an interview with a big company, you may be delighted to know that you can save 10% on rental homes through Onefinestay. In addition to saving an extra 10%, you will also have access to including local guest service amenities, high-quality toiletries, free WiFi, and more. 

TIP: If you are going out for a big interview with an established company, perhaps mention that you would like to be reimbursed for your hotel or Airbnb service. If you do this successfully, you can charge your stay to this credit card and get the cash back reward, as well as the 10% discount offered. Essentially, if you do this properly, you could come back from your interview having gained money.

In addition to the Onefinestay benefits, cardholders may also use the Mastercard Travel and Lifestyle Services. With this, you are able to connect with access to luxury travel benefits on flights and are subsequently able to upgrade your travel through phone, email, or another personalized online platform. Traveling in style will never be a problem for cardholders of the HSBC Cash Rewards Student card.

Sometimes when you’re in school, you need to grind out that long paper or study for hours and hours on end for that horrible final that you know will make or break your grade. We’ve all been there when we do this and accidentally forget to eat. Fortunately, when you order off postmates for $25 or more on food, drink, and groceries, you’ll be able to take $5 off your order. For the late-night hours, this is ideal.

If you’re in college, there’s a chance you may not fully understand how the credit system works quite yet. However, you should know that under the HSBC Cash Rewards Students credit card, you have an opportunity to learn free of charge. HSBC provides unlimited access to online tools to teach you all about managing and building credit. Some of the resources used include:

1. The YourMoneyCounts financial wellness program
2. Living within your means
3. Embedding healthy financial habits
4. Keeping calm and mortgaging on
5. The lowdown on student loans

And many more. For beginners who do not understand credits and debts, this card could be the perfect transition card you need for the “real world.”

Welcome Bonus

This card has no welcome bonus, although the fixed APR rates could be considered somewhat of a welcome bonus since you will know what your rate will be after becoming a cardholder. For those who have a fixed, low APR on a card like this, you have a great advantage at your disposal.

Fees

Thankfully, there is no annual fee associated with this card. Another perk to being a student and having a student card is banks understand that a lot of students don’t have the money to be paying annual fees even if the benefits far outweigh the payments. Fortunately, cardholders get the benefit of owning this card with no additional fees.

Along with no annual fee, there is also no foreign transaction fee. For the fun times when you need to go abroad for a research trip or are just wanting to go away on spring break, HSBC understands that as students, you may not have extra money for fees. Due to the thoughtfulness this card offers, all students will receive a deal like no other.

Conclusion

This card is phenomenal in every sense of the word. From the extra benefits that have no annual fee to the cash back rewards that can be redeemed in a number of different ways, this card is as close to the word “perfect” as a college card can get. We highly recommend a card like this for any and all college students.