This is my first post, don't know if someone already posted it.
HSBC offers a new Cash Back master card, which gives 1% Cash Back the first $2500, 2% the next $2,500, and 5%!! thereafter. As far as I know, this is the best I can get. To reach the maximum of $300 per year, you only need to spend $9500 per year. Ideal for most people. A good complimentary card to your citibank Cash Back card.

[Edit] I received the invitation, but don't know this is not a general offer. I'm sure they are sending out this kind of invitations right now, so watch your mailbox and don't throw it away. Actually, I'm sure I have thrown away several invitations from them previously.

pingjun2000 said:This is my first post, don't know if someone already posted it.
HSBC offers a new Cash Back master card, which gives 1% Cash Back the first $2500, 2% the next $2,500, and 5%!! thereafter. As far as I know, this is the best I can get. To reach the maximum of $300 per year, you only need to spend $9500 per year. Ideal for most people. A good complimentary card to your citibank Cash Back card.thanks for posting, where did you find this card? Did you receive a mailed solicitation?

If so, please provide any info (tel # to apply, website, etc)

The HSBC website only mentions a 1% card.

I called the 1-800 number, the CSR stated that one would need the invitation number to even get any cash rebate information about this offer. The invitation number may be coded for specific customer only, so (maybe?) end of story for most of us who did not receive the invitation letter. FYI.

I'm from RTP area. This card is slightly better than the card mentioned in your link.
The annual cap sucks , though.

you are right, sorry for the confusing. I lives in Chapel Hill.

The Household Bank credit card offers 2% Cash Back on any amount you spend. But it is by invitation only. Does anyone know how to get an invitation?

http://www.fatwallet.com/forums/messageview.php?start=0&catid=52&threadid=288784

im sure the tiers are reset annually

I bet there is some small print missing here...

grrarrgh said:1.Is the card referred to by HBSC as the "CashBack Mastercard" with no space between 'cash' and 'back'?

2.If you don't mind disclosing, what geographical region are you from? I know HSBC often targets particular test markets with these cards.

3.The lifespan of this card may be similar to that of their 2% rewards card:
old HSBC rewards discussion

Update 9/12/05: Received this HSBC card this week in the mail (took almost 3 weeks after submitting the app!). We did receive this by invite and are located in the New England region.

The card came branded as "CashBack Mastercard," which is verbatim with the standard 1% card they offer on their website. None of the documentation that came with the card disclosed the higher rate.

Gave a call to their (overseas) Customer Service area, and they confirmed the higher 1%/2%/5% scheme. Did not provide any information as to how long.

Conclusion: If you get the invite, still worthwhile getting as $9,500 in annual charges nets you $300. But don't be surprised after the 1st year if this drops to the standard 1%.