Benefits of a Hudson's Bay MasterCard include earning double the number of rewards points in the store, getting points for using the card outside of the store, saving money at exclusive events, using up to 90 days to return merchandise, and accessing free shipping on some items. In addition, there is no annual fee for the card, and each billing cycle has a 21-day grace period, states Hudson's Bay Credit.
Hudson's Bay requires customers to present their rewards card along with the Hudson's Bay MasterCard in order to earn double the amount of in-store rewards points. Points automatically accumulate for their out-of-store purchases, according to Hudson's Bay Credit. Twice per year, Hudson's Bay MasterCard users receive a 25-percent bonus on all points earned outside of Hudson's Bay stores. Cardholders redeem points online or in stores for Hudson's Bay gift cards.
As of October 2015, Hudson's Bay MasterCard allows cardholders an interest rate reduction after their first purchase or cash advance. The rate becomes the Canadian Prime Rate plus 17 percent. In order for the new lower rate to take effect, the company requires that the account be in good standing and that the purchase not be returned in that billing cycle, reports Hudson's Bay Credit. Once granted, the lower rate applies for as long as the account remains in good standing.