To offset a purchase by redeeming for a statement credit through Pay with Rewards, the purchase must appear on your transaction history within the last 90 days on the Pay with Rewards page of the HSBC Rewards site. The statement credit will be applied to your HSBC Elite World Elite Mastercard® Account. You may redeem Points for the full amount of your eligible purchase for purchases greater than $25. Each point you redeem through Pay with Rewards for purchases in eligible Travel categories¹ is worth $.0125, which means that 100 points is worth $1.25 in redemption value compared to the cash redemption value of $1. For example, 20,000 points are worth $250 towards travel, or $200 when redeemed for cash. Point redemptions are reflected as soon as the next business day in your HSBC Rewards Account and, on a monthly basis, as credits on your monthly credit card statement. There is no annual or lifetime maximum on the amount of statement credits that can be applied to your account. Any request for statement credit redemption is final and cannot be revoked.

Note: An 'ineligible purchase' means cash advances, interest and financing charges, fees, credit or debit adjustments and any amount other than purchases that may be charged to your account with your card or checks. There must be sufficient points available in the HSBC Rewards account at the time of purchase authorization for a purchase to be eligible for Pay with Rewards. We may establish other qualifying and non-qualifying transactions from time to time. Point redemptions through Pay with Rewards do not count towards your monthly minimum payment on your HSBC Elite World Elite Mastercard® Account. You are responsible for paying the minimum amount which appears on your monthly account statement, unless the statement credit brings your balance to zero.