Top of main content
Happy family of three sitting with luggage on sofa in living at home; image used for HSBC Vietnam Credit card rewards explained article page

Credit card rewards explained

What is a reward credit card?

A credit card that lets you earn reward points for your everyday spending. When you want to redeem points, you can use them for different goods and services, such as cashback, shopping vouchers, gifts, and even flights. They can also be used to cover your card's annual fee.

While reward points can be a smart way to benefit from your normal spending, it’s important to understand exactly how the reward programme works. You might find that you are better off getting a card with a lower interest rate or no annual fee.

What rewards are available?

There are different rates for earning reward points depending on what you spend on, and also different redemption options you can use your points for. If you’re considering a reward credit card, consider how you’ll spend and what you’d like to redeem them for. This will help you figure out which reward credit card best suits your needs. Here are some examples of how this can work.

Shopping vouchers

You can receive points for every purchase you make on your credit card, for instance, 1 reward point for every VND1,000 you spend. The points earned can be accumulated and exchanged for vouchers that you can spend in supermarkets and certain stores.


Some credit cards give you a percentage of what you spend as cashback. For example, if you spend VND100,000 at a supermarket and your card pays 8% cashback for grocery spends, you’ll earn VND8,000. These credit cards generally pay cashback into your account monthly or annually.

Air miles

If you’re a frequent flyer, it may be worth considering a credit card that earns you air miles on every purchase you make. These miles can then be exchanged for free flights or converted to your preferred frequent flyer programme.

What to consider before taking a reward credit card

As they offer such rewards, these kinds of credit cards may have higher fees and potentially a higher interest rate. So before taking a reward credit card, you want to be confident you’ll be able to repay your balance in full each month and can also afford to pay the annual fee. If not, you may end up paying more in interests and fees than you earn in rewards.

HSBC has a variety of cards to suit every lifestyle.

You might be interested in

Four happy friends having dinner on a rooftop; image used for HSBC Vietnam Daily Offers page
This link will open in a new window

Up to 40% off on dining, entertainment, shopping, travelling, spa and beauty.

Woman with sunglasses enjoying cocktail at poolside; image used for HSBC Vietnam Happy Weekend page
This link will open in a new window

Just use your HSBC Credit Card every Friday to Sunday to enjoy a host of great offers.

Woman enjoying drinks on rooftop during sunset; image used for HSBC Vietnam home and Away offer page
This link will open in a new window

Offering all HSBC Credit cardholders an array of fabulous benefits around the world.

a young couple checking bills in front of a laptop; image used for HSBC VN Bill Payment page
find more about online bill payment

Enjoy trouble-free and secure online bill payments with either your Current/ Savings Transactional Account or Credit Card.