The Hongkong and Shanghai Banking Corporation (HSBC Bank) is one of the oldest and famous banks, having a long history in India. The Bank has launched 4 Credit cards in India each offering great benefits and privileges in various sectors. Moreover, almost all the credit cards offered by HSBC are free for a lifetime. Out of the four credit cards provided by the bank, one credit card offers cashback on transactions, and the rest offers excellent reward points for every purchase made. The Points earned with the HSBC Credit cards are redeemable for several options, including product catalogs, e-gift vouchers, donations, and more. In this article, we are going to talk about the reward redemption process of reward points earned with the HSBC Credit cards and also how to maximize savings and benefits in the same. So to know more about the same, keep reading.

How to Redeem HSBC Reward Points?

How To Earn HSBC Bank Credit Card Reward Points

One can earn Reward Points by making purchases using the HSBC Credit cards. You will receive reward points every time use your HSBC Credit card as the mode of payment. The Reward Rate differs for every HSBC Credit card. Therefore, you should go with that credit card that matches your spending behavior and offers you maximum points. Following are the reward point offered with each HSBC Credit card:

Credit Card Reward Rate
HSBC Visa Platinum Credit Card 2 RPs on every other Rs. 150 spent on this card and 5x RPs on spending above Rs. 4,00,000 in a year.
HSBC Premier Mastercard Credit Card 2 RPs for every Rs. 100 spent on this card.
HSBC Smart Value Credit Card 1 RP on every Rs. 100 spent on this card and 3x RPs online shopping, dining, and recharges.

HSBC Reward Points Redemption Options

The Reward Points earned with the HSBC Credit cards are redeemable for a number of options. These are exclusive product ranges including jewelry, fashion accessories, home appliances, & more, for gift vouchers, and donations.

These reward points earned on select HSBC Credit cards can also be redeemed for Partner Airline/Hotel Rewards programs as mentioned below:

Credit Card Partner Airline/Hotel Reward Program Conversion Ratio
HSBC Premier MasterCard Credit Card InterMiles
Singapore Airlines
British Airways Executive Club
Taj Inner Circle
3 RPs = 2 InterMiles
1 RP = 1 KrisFlyer Mile
1 RP = 1 Avios Mile
1000 RPs = 1000 Taj Inner
Circle Points
HSBC Visa Platinum Credit Card InterMiles
Singapore Airlines
British Airways Executive Club
Taj Inner Circle
2 RPs = 1 InterMiles
1 RP = 1 KrisFlyer Mile
1 RP = 1 Avios Mile
1000 RPs = 1000 Taj Inner
Circle Points

How to Redeem HSBC Reward Points?

Now as we know about how to earn HSBC Reward Points and various redemption options available, it’s time to understand the ways by which we can redeem the Reward Points earned with the HSBC Credit Cards. You can redeem your reward points using the methods mentioned below:

Through HSBC Rewards Portal (Online Mode)

The HSBC Bank has provided a dedicated rewards Portal where you can redeem your reward points for various options. The following mentioned steps would help you in redeeming the reward points through HSBC Rewards Portal:

  • Visit the HSBC Rewards Portal.
  • Login with your registered id and password.
  • Filter out the categories as per your choice.
  • Select the item you want to redeem your points for.
  • Add the item to the card and then click on Redeem Now.

The item you selected will be provided to you at your email address (in case of vouchers) or address (in case of the product).

Offline Mode

You can also redeem your reward points using offline methods.

  • You can download the Reward Redemption form from the Bank’s website and mail it to the HSBC Card Products Division at, Post Bag Number 5080, Chennai – 600 028.
  • You can also call HSBC Customer care to assist you in the reward redemption process.

Things to remember

  • The reward Points earned with HSBC Credit cards are valid for a period of 3 years.
  • The Bank Charges Rs. 50 as the reward redemption fee for every redemption request on the HSBC Credit cards.

Bottom Line

HSBC Bank Credit cards offer great benefits and privileges in many categories like travel, shopping, fuel, and much more. With these benefits, the cards also offer a strong reward rate that offers reward points for every transaction that you make with them. The reward points earned with the HSBC Credit cards are redeemable for tons of options. Therefore, one should use a credit card in such a manner that it provides them with maximum points and also use these points in such a way that they provide maximum savings. In case you still have any doubts or queries related to the reward redemption process for HSBC Credit cards, let us know in the comments below.

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