The representative APR is 18.9% variable. Customers who prefer cash back can request statement credits or direct deposit into their HSBC checking account. HSBC earned below-average scores in J.D. The HSBC Premier World Elite MasterCard earn at the following rates: 3X Rewards Program Points on travel (airlines, hotels, and car rentals).. 2X Rewards Program Points on dining.. 1X Point on all other purchases. This scenario is further geared towards the high-worth households that are likely to carry this card. We publish unbiased product reviews; our opinions are our own and are not influenced by payment we receive from our advertising partners. The HSBC Premier World Elite Mastercard credit card is not one of our top-rated travel credit cards. 22 Comments. In this post we’re going to be taking an in depth look at the HSBC Premier World Mastercard Credit Card, this is their top tier card. Currently, HSBC only has three airline partners: British Airways, Singapore Airlines and Cathay Pacific. The main catch is that cardholders must have (and maintain) an HSBC Premier Checking account to be a cardholder. While there are caveats to the protection, including that it covers a total loss only when the phone is stolen, it still offers peace of mind about the most valuable item most of us carry around with us. HSBC Premier World Elite Mastercard® Review The HSBC Premier World Elite Mastercard® will open your eyes wide with its 50,000 bonus point sign-up bonus, which you can attain after spending at least $4,000 within your first three months as a cardholder. This compensation comes from two main sources. There's a 35,000-point bonus offer after spending $3,000 in the first three months after opening an account. We value those rewards at around $306 when redeemed for airfare. About the HSBC Premier World Elite card. We rate both introductory APR percentage and length (in months) along with the midpoint of the variable regular APR interest rate range. £3). Points can be redeemed through the Premier program in several ways: All redemptions must be made through the HSBC rewards portal. This is everything you need to know to make a good choice. Deposit products offered in the U.S. by HSBC Bank USA, N.A. Comparison to other World Elite MasterCards: HSBC Premier WE: 3% for travel purchases, 1.5% for everything else (including foreign exchange) - annual fee $99 with $100 in Travel Enchancement Credit (redeemable towards select airline seat upgrades, airline baggage fees and airport lounge passes) It’s important to note that for our overall score that we make a number of assumptions about how you would be using your credit card: HSBC Premier World Elite Mastercard Credit Card Review. It includes four Priority Pass lounge visits and trusted traveler reimbursement as well. Download application form (PDF, 1.2MB) Download application form (PDF, 1.2MB) This link … The HSBC Premier World Elite Mastercard lets you earn 50,000 bonus points worth $750 in air travel, after spending $4,000 or more in the first 3 months from account opening. We value these points to be worth around $750. If you’d like to upgrade your Premier Credit Card to the Premier World Elite MasterCard please call us on 03457 70 70 70 or contact your Premier Relationship Manager. 19 in all other provinces. Still, justifying even half of such a large fee would require more than $4,000 in annual charges, and that’s at the card’s highest rewards rate, for travel spending. The HSBC Premier World Elite Mastercard has respectable rewards, attractive benefits, and a competitive one-time offer. HSBC Premier World Elite MasterCard – Details. The U.S. Bank Altitude™ Reserve Visa Infinite® Card is the closest competitor to the HSBC Premier World Elite Mastercard. It is part of our series of articles looking at the major UK loyalty credit cards and discussing whether or … Getting the most out of this card begins with meeting the $4,000 spending requirement within the first three months after opening an account. Security and customer service features like lost or stolen card replacement, being able to lock one’s card from an issuer app and 24 hour customer support are becoming more standard across the card market and we provide a significant amount of weighting to features in this area. The HSBC Premier MasterCard is the free version, alongside the premium version, HSBC Premier World Elite MasterCard, which comes with an annual fee of £195. If you choose the HSBC Rewards Plus program, you’ll earn between 1 … Credit card benefits cover a range of offerings like concierge service, TSA Pre-check, auto rental coverage, travel accident insurance, lost luggage assistance and free credit scores. Are you sure you want to rest your choices? The Chase Sapphire Reserve is one of the best-known premium travel cards on the market. However, it doesn’t offer travel insurance and the annual fee is higher than the HSBC card. Customers can use points towards gift cards, HSBC financial products, merchandise, travel rewards, and cash back rebates or even trade them in for frequent flyer miles. World Elite MasterCard Benefits: MasterCard Luxury Hotels & Resorts (a collection of 2,000+ luxury hotels worldwide that offer complimentary breakfasts for two, room upgrades upon availability, early check-in, late check-out, and a special amenity such as a certain amount of hotel credit up to $100 per stay, free internet, or welcome gift, etc. However, HSBC may close accounts that have twelve months of inactivity, in which case all points are immediately forfeited. Harley-Davidson Visa Credit Card 2021 Review, Grand Reserve™ World Mastercard® 2021 Review, Emirates Skywards Premium World Elite Mastercard® 2021 Review. After that you’ll earn 3 points per dollar spent on travel purchases, including airfare, hotels, and rental cars. Then after qualifying, you must pay a steep annual fee of $395 for the card. You'll get even more value out of this card by taking advantage of its features. Unless savings also counts, but I’ve never used HSBC so idk. July 5, 2016, 10:00. Deposit products offered in the U.S. by HSBC Bank USA, N.A. You can also transfer points to a wide variety of airline and hotel partners, giving you more flexibility. Almost all major card issuers offer a premium travel card these days and HSBC is no exception. This is indeed a card for high-worth HSBC customers. Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. As an HSBC Premier World Elite Mastercard cardholder, you can travel with peace of mind. Earning and Redeeming Points. To get this card, you must also: Yes Be at least 18 years of age (AB, MB, ON, PE, QA, SK). You'll find stories, tips, and inspiration here and on her travel blog, sightDOING. Airport Lounge Access As an HSBC Premier World Elite Mastercard holder, you will have access to over 750 Airport Lounges around the world brought to you by LoungeKey. This review covers the free version. The Citi Prestige is another premium travel card offering similar benefits to those you’d get with HSBC. I was caught by surprise to see that they have introduced a new Premier World Elite MasterCard. Second Stimulus Check Calculator: How Much Will You Receive? Bottom Line. Most customers won’t be able to apply for this card due to the requirement of being an HSBC Premier customer. Do You Need To Claim The Second Stimulus Check? This card earns 3X Rewards Program points per dollar on travel purchases, 2X points per dollar on dining purchases, and 1X point per dollar on all other net purchases.. You’ll get 50,000 bonus points, worth $750 in airfare when you apply online through HSBC … Mastercard's ID theft protection, cellular wireless protection, and identify theft resolution services are also included. Earn 2 points per $1 at US supermarkets on up to $6,000 per year. It also offers a 10% discount on select hotel stays. We determine the maximum points value of rewards cards by dividing the points, cash back or miles required to exchange for the retail price of the most valuable redemption option (for example, in the case of a card that offers a domestic roundtrip airline ticket as a redemption option vs. another redemption option of lesser value that requires the same amount of points or miles to acquire, we would base the rewards value on the airline ticket). The $4,876 our sample household spends on travel would earn 14,628 HSBC points. The account opening is subject to our standard credit review and approval and additional conditions listed for the specific offers below. Even its $395 annual fee, its biggest drawback (other than its hefty HSBC Premier requirements), is justified by half for frequent travelers by the card’s twin $100 statement credits—against airfare and $20+ ride share trips, respectively. HSBC Premier World Mastercard Review. After that, use this card to pay for all of your travel and dining purchases, which earn 3 points per dollar and 2 points per dollar, respectively. Representative 59.3% APR variable and 18.9% p.a (variable) for purchases, based on an annual fee of £195 and an assumed credit limit of £1,200. Their site says “To apply for an HSBC Premier World Elite Mastercard® credit card, you must have an existing U.S. HSBC Premier checking account relationship.” No existing checking account = can’t apply. HSBC Premier World Elite Mastercard is a rewards credit card issued by HSBC Bank USA. HSBC Premier World Elite® Mastercard® is typically available to those with good credit scores (650 or greater). Points are worth 1.5 cents each when redeemed through their travel portal and also possible to transfer/convert them to a few travel … Since it takes 200 points to claim $1 in travel, the 20,000 welcome points are worth $100 in travel. Frequent travelers may do better by strategically transferring their points to partner frequent flyer miles. The HSBC Premier World Elite Mastercard offers those who already have a high-worth relationship with the bank rewards of 3 points per dollar on travel purchases, and 2 points per dollar on dining purchases. Overall, you would spend $8,000 and earn 20,400 points. HSBC Premier World Elite MasterCard Features 3-2-1 Bonus Categories. When Will I Get It? HSBC Premier World Elite Mastercard vs. U.S. Bank Altitude™ Reserve Visa Infinite® Card* The U.S. Bank Altitude™ Reserve Visa Infinite® Card is the closest competitor to the HSBC Premier World Elite Mastercard. Earning and Redeeming Points. Starting with an enrollment bonus of 50,000 points worth $750 on travel. Many cards offer 0% introductory APR on purchases and balance transfers for varying lengths and then revert to a permanent or regular APR (based on a variable rate tied to the prime rate) that applies to any balances not paid in full. The Sapphire Reserve includes unlimited Priority Pass airport lounge visits once you enroll, so frequent flyers will do better with this card. Keep in mind that using this card for other purchases isn't as beneficial, since those expenses only earn 1 point per dollar. Either $10 or 4%, whichever is greater, will apply on each balance transfer and credit card check. It has some interesting benefits and sign up bonus, but being qualified for the card is a bit tricky. You’ll need to have $5,000 in monthly direct deposits, $75,000 in total deposits and investments, or a mortgage that originated at $500,000 or more to qualify. HSBC Premier World Mastercard Credit Card Review – 35,000 Point Sign Up Bonus. Below are the highlights of the credit card: $149 annual fee No annual fee for supplementary cardholders Welcome offer: With the HSBC Premier World Mastercard credit card, spend $3,000 or more in the first three months from account opening, and you will earn 35,000 bonus points.You can earn a $250 statement credit with the Blue Cash Preferred Card from American Express when you spend $1,000 in purchases on your new card in your first three months. For the temporary benefits during the COVID-19 pandemic, please see our featured review. For detailed Terms and Conditions click herehere This link will open in a new window. To learn more, speak with an HSBC Premier Relationship Manager. Other standard fees can generally be avoided, such as those for paying late or taking cash advances but we rate those relative to other cards in the market for reference, though with less weight assigned. HSBC Premier World Mastercard Review. Just spend $4,500 in the first 90 days of account opening, Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. Withdraw £250, and you'll incur a fee of £7.48. Total points for travel: 13,200 points. Please review carefully. This card comes with security features that meet the industry norm. That’s thanks to the card’s $100 annual statement credits for each of an airline purchase and up to five Uber or Lyft rides of at least $20 each. If you're wondering whether HSBC Premier World Elite Mastercard is the right card for you, read on. The Forbes Advisor editorial team is independent and objective. The cash advance fee on the HSBC Premier World Elite Credit Card is 2.99% (min. However, the card also boasts flexible cash-in for other categories. This is our review of the HSBC Premier World Elite Mastercard credit card. To qualify for the required Premier status, you must either maintain an account balance of at least $75,000, make hefty direct deposits to it every month, or hold a mortgage. Receive emergency travel medical coverage for you (as the primary cardholder), your spouse and dependent children traveling with you, up to a maximum of $1,000,000 per insured person. Conditions Apply. Download application form (PDF, 1.2MB) Download application form (PDF, 1.2MB) This link will open in a new window. When compared among all rewards cards in our database: For HSBC Premier World Elite Mastercard® credit card, See how this card compares to similar cards, Investopedia Credit Card Rating Methodology. The HSBC Premier World Elite Mastercard®* offers a wide selection of travel benefits for a lower annual fee than most premium credit cards. Look to find occasions where you can use the $100 travel statement credit, $100 credit towards Uber and Lyft rides, and the fee credit against Global Entry or TSAPrecheck. Both cards offer 3 points per dollar spent on travel (after earning your $300 travel credit), but the Sapphire Reserve extends triple earnings to dining as well. HSBC Premier World Elite Mastercard Review. Special Offer Special Offer - Earn up to 100,000 Points ($500 travel value) PLUS a full annual fee rebate for the Primary Cardholder for the first year ($149 value). Power's 2019 credit card satisfaction survey, ranking last out of 11 card issuers. In one year, that’s 40,568 points earned, not including the one-time welcome bonus. If you can meet the £12,000 spend in the first 12 months, then this World Elite Mastercard may be a better option because it comes with a huge haul of HSBC points that can be converted to a generous amount of airline points/miles. However, you get a $50 rebate as an HSBC Premier client, and an annual $100 travel credit valid for seat upgrades, baggage fees, and airport lounge passes. HSBC Premier World Elite Mastercard Review. We’ll tell you when a card is good, we’ll tell you when a card is bad, and we’ll only call a card the best if we would recommend it to our friends or family members. Balance transfer fees are occasionally waived during introductory periods with certain cards, a factor which is heavily and positively weighted in our scoring model for cards offering this benefit. Points are worth 1.5 cents each when redeemed toward airfare, but you can also redeem them for statement credits. These are provided as guidelines only and approval is not guaranteed. Let’s get started. That said, in (confusing) consecutive messages during an online chat, an HSBC rep said the rate “was one point per mile” and “varies by the airline.” If this program is important to you, call the Premier Rewards Department at 888.662.HSBC (4722) to confirm rates for the airlines to which you are loyal or may want to fly.Points earned on this card cannot be transferred to other individual’s accounts. With a $395 annual fee, the welcome offer will only cover the card's cost for one year. Bottom Line. HSBC Premier World Mastercard is a cashback credit card issued by HSBC Bank USA. We work out interest on a daily basis and add it to Earn 2 Amtrak Guest Rewards points per $1 spent with Amtrak and 1 point spent on all other purchases. Investopedia uses cookies to provide you with a great user experience. You cannot have both versions of the card at the same time. 2 MyCruise points for every $1 spent on qualifying purchases with Celebrity Cruises® and our sister brands, Royal Caribbean® and Azamara®.1 MyCruise point per $1 on all other purchases. This review covers the free version. You can review our list of the best travel credit cards for what we think are better options. To apply for an HSBC Premier World Elite Mastercard, simply download an application form, complete it and send it to us after reading the Terms & Conditions (PDF, 360KB). The HSBC Premier MasterCard is the free version, alongside the premium version, HSBC Premier World Elite MasterCard, which comes with an annual fee of £195. Earn 1% in Disney Rewards Dollars on all card purchases. You probably can’t get the Premier Elite card in this case. The HSBC Premier World Elite Mastercard offers a little bit of everything: travel insurance, airfare and rideshare credits, lounge access and hotel discounts when you book through their Agoda, Expedia, or onefinestay portals. We also assign value to sign-up bonus offers and their initial spending requirements, when present. Here, you’ll earn 1.5 cents per point on airfare. There are two versions of the card. HSBC broadly defines both travel and dining, so points will add up quickly. You might be using an unsupported or outdated browser. There's also a 50,000-point bonus and a $300 annual travel credit. The HSBC Premier World Elite Mastercard offers an earning structure similar to competitors although with fewer options for redemption. The HSBC Premier World Mastercard offers decent rewards, solid benefits, and a one-time offer that’s worth between $400 and about $500, depending on how it’s redeemed. Get away from the hustle and bustle of a busy airport In addition, you charge $200 per month in dining purchases on this card; that $2,400 in annual spending earns 2 points per dollar spent, for a total of 4,800 points. We’ll take a look later in the article at just what the LoungeKey HSBC pass could be worth. The Chase Sapphire Reserve card is a good example. However, you get a $50 rebate as an HSBC Premier client, and an annual $100 travel credit valid for seat upgrades, baggage fees, and airport lounge passes. There are two versions of the card. That's $750 toward travel when you redeem through Chase Ultimate Rewards®, Forbes adheres to strict editorial integrity standards. Re: HSBC Premier World Elite Mastercard If you search the forum, you'll find that HSBC has a couple of strikes against it: it's not well regarded as a lender, and its products are mediocre. 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