The HSBC Premier World Elite Mastercard has an introductory offer of: 50,000 Rewards Program bonus points when at least $4,000 is spent in the first 3 months of having your account open. The value of these points will be worth about $750. There is an annual fee of $395, and this welcome offer will be able to cover the card’s price for a year.
HSBC Premier World Elite Mastercard is typically on the same level as the rest of its competition for a luxurious credit card. They will give you 3x points for travelling, 2x points for dining, and other premium perks that travelers will be able to take advantage of. With the LoungeKey membership, the TSA Precheck application reimbursement and $100 annual credit for flying.
If you want a card with no annual fees, then you should consider HSBC Premier World Mastercard. If you aren’t an HSBC Premier banking client, then you should consider other credit card offers since these rewards cards are only available for HSBC Premier members.
HSBC Premier World Mastercard Quick Facts
Bonus Available | Receive 50,000 bonus points after making a minimum of $4,000 for expenses in the first 3 months of opening your account. |
Bonus Value | $750 |
Travel Credit | Get $100 air travel credit each year.
Gain $100 annual statement credits for rides with Uber and Lyft. Apply for the $85 TSA Precheck application fee credit. |
Ongoing Rewards/Benefits | Gain 3 points for each $1 used for travel, 2 points for each $1 used for dining, and 1 points for each $1 used for other qualifying expenses.
Get 15% off airport retailers. Earn 10% discount when you book your accommodation through Expedia, Agoda or onefinestay. Unlimited Boingo Wifi access. |
Foreign Transaction Fees? | No |
Airport Lounge Access | Get a complimentary membership to over 1,000 airport lounges worldwide. Receive two free lounge visits per year (additional visits are $32 per person). |
Annual Fee | $395; Add authorized users for $65 each. |
Recommended Free Credit Score (Get Free Score)
690 – 850 (Good – Excellent)
*If interested see our list of HSBC Bank bonuses for Checking & Savings accounts.*
Pros
- Bonus points
- Annual air travel credit
- Annual rideshare credit
- TSA Precheck credit
- Lounge access
- 15% off airport retailers
- 10% discount on Expedia, Agoda and onefinestay
- Unlimited Boingo WiFi
- Transfer partners
- No foreign transaction fees
Cons
- Annual fee
- Excellent credit needed to qualify
- Banking relationship required
- Complicated rewards
Editor’s Alternate Pick
The Chase Sapphire Reserve offers 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $900 toward travel when you redeem through Chase TravelSM. You'll earn • 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Travel immediately after the first $300 is spent on travel purchases annually. • 3x points on other travel and dining • 1 point per $1 spent on all other purchases Get 50% more value when you redeem your points for travel through Chase Travel. This card does carry a $550 annual fee and there are no foreign transaction fees. However, you're able to earn a $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year & up to $100 application fee credit for Global Entry or TSA Pre✓®. Member FDIC |
HSBC Premier World Elite Mastercard 50,000 Bonus Points
Make use of the HSBC Premier World Elite Mastercard’s introductory offer of: 50,000 bonus points. This welcome bonus will be worth about $750 for flying if you book your flight through the HSBC Rewards.
You must charge your card with a minimum of $4,000 in the first 3 months of having your account open to be able to qualify for this credit card offer.
Here are some ideas on meeting the spending requirement:
What are HSBC Rewards Program Points Worth?
Depending on how you decide to use your points, will reflect their value. Redeeming your HSBC Rewards Program points can be towards:
- Travel booked through HSBC Rewards
- Statement credits for travel
You will be able to transfer your points to qualifying partnered airlines with HSBC (more on that below).
To receive the best value for your points is to use them for traveling with the HSBC Rewards. This will make your points worth about $0.015 per point. It’s a great value compared to other rewards cards that average out to $0.01.
HSBC Premier World Elite Mastercard Top Features
$100 annual air travel statement credit: This will be able to be applied for: ticket purchases, seat upgrades, baggage fees, and in flight purchases.
$100 annual Uber and Lyft statement credit: Gain credits for up to about $20 for each ride.
$85 TSA Precheck statement credit: Reimburses the application fee.
Benefit from the complimentary membership for more than 1,00 airport lounges globally. Receive 2 free lounge visits each year (extra visits are $32 for each person). You will be able to save about 15% for many airport retailers such as: duty free shops, restaurants, and spas.
HSBC Rewards has 3 qualifying airline partners that you can be transferred towards:
- British Airways
- Singapore Airlines
- Cathay Pacific
Using these partner airlines, the transfer rate would be 1:1, but if there’s a special, limited time bonus offer.
Buy things overseas without stressing about any foreign transaction fees with the HSBC Premier World Elite Mastercard credit card.
HSBC Promotions
Bottom Line
If you’re already an HSBC Premier account holder, or if you want a travel rewards card with amazing perks. You should consider the Premier World Elite Mastercard credit card. This is a very tempting signup bonus with good ongoing rewards programs with similar expenses for lots of different travel benefits.
However, if you wouldn’t want to pay for the annual fee of $395, then you should look into a lower priced credit card such as the HSBC Premier World Mastercard.
(Visit HSBC for more information)
What’s the Competition?
There are some of HSBC Premier World Elite Mastercard credit card’s top competitors listed below.
The Chase Sapphire Reserve offers 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $900 toward travel when you redeem through Chase TravelSM. You'll earn • 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Travel immediately after the first $300 is spent on travel purchases annually. • 3x points on other travel and dining • 1 point per $1 spent on all other purchases Get 50% more value when you redeem your points for travel through Chase Travel. This card does carry a $550 annual fee and there are no foreign transaction fees. However, you're able to earn a $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year & up to $100 application fee credit for Global Entry or TSA Pre✓®. Member FDIC |
The Platinum Card® from American Express offers 80,000 Membership Rewards points after you spend $8,000 on purchases on your new Card in your first 6 months of Card Membership. You'll earn: • 5X Membership Rewards Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year. • 5X Membership Rewards Points on prepaid hotels booked with American Express Travel. This card comes with an annual fee of $695 (See Rates & Fees), but you cardholders can enjoy Uber VIP status and up to $200 in Uber savings on rides in the US annually. Uber Cash and Uber VIP status is available to Basic Card Member and Additional Centurion Cards only. Terms Apply. |
The Chase Sapphire Preferred® Card offers 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards. You'll earn: • 5x on travel purchased through Chase Ultimate Rewards • 3x on dining, select streaming services and online groceries • 2x on all other travel purchases • 1x on all other purchases • $50 annual Ultimate Rewards Hotel Credit, plus more. Enjoy new benefits such as a $50 annual Ultimate Rewards Hotel Credit and when you redeem your points for travel through Chase Ultimate Rewards, you'll get 25% more value! This card carries a $95 annual fee. |
The Capital One VentureOne Rewards Card offers 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel. Enjoy 0% intro APR on purchases and balance transfers for 15 months; 19.99% - 29.99% variable APR after that; 3% fee on the amounts transferred within the first 15 months. You'll earn: • 1.25 Miles per dollar on every purchase, every day. • 5 Miles per dollar on hotels and rental cars booked through Capital One Travel. This card comes with no annual fees and no foreign transaction fees which is a great choice as your go-to travel card! |
The American Express® Gold Card offers 60,000 Membership Rewards® points after you spend $6,000 on eligible purchases with your new Card within the first 6 months. Terms apply. You'll earn: • 4X Membership Rewards Points at Restaurants, plus takeout and delivery in the U.S., • 4X Membership Rewards points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X). • 3X Membership Rewards points on flights booked directly with airlines or on amextravel.com. $120 Dining Credit: Satisfy your cravings and earn up to $10 in statement credits monthly when you pay with the American Express Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, Milk Bar and select Shake Shack locations. Enrollment required. This card has an annual fee of $250 with no foreign transaction fees (See Rates & Fees). Terms Apply. |