That’s a higher spending requirement than with the many offers that require $3,000 as the minimum “spend” for comparable rewards. Starting with an enrollment bonus of 50,000 points worth $750 on travel. You can review our list of the best travel credit cards for what we think are better options. It has some interesting benefits and sign up bonus, but being qualified for the card is a bit tricky. We publish unbiased product reviews; our opinions are our own and are not influenced by payment we receive from our advertising partners. For example, if you withdraw £50, you'll incur a fee of £3.00. It also offers a 10% discount on select hotel stays. You earn 2 points per dollar on travel purchases and 1 point on all other purchases. By using Investopedia, you accept our. Earning and Redeeming Points. Mastercard's ID theft protection, cellular wireless protection, and identify theft resolution services are also included. Those who qualify may still do better by choosing other cards that come with similar travel credits and benefits. Premier customers who prefer to pay less (but get less in rewards) can opt for the HSBC Premier World Mastercard. 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. It is part of our series of articles looking at the major UK loyalty credit cards and discussing whether or not they are worth applying for. HSBC Premier World Mastercard Review. All Rights Reserved. This card is a reasonable option for those who value the included travel insurance and will be able to maximize its more unique benefits, such as the hotel discounts and rideshare credits. 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. Most customers won’t be able to apply for this card due to the requirement of being an HSBC Premier customer. 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 … HSBC Premier World Elite Mastercard Review. Earn 1 point per $1 for other eligible purchases. For cards that offer rewards we determine the value per dollar spent along with average redemption values and assign more favorable ratings to cards that offer superior consumer value. HSBC’s Rewards for Miles program allows Premier cardholders to transfer points to the frequent flyer/reward programs of several airlines including Asia Airlines, Singapore Airlines and British Airways at varying transfer ratios, depending on the airline.The program’s Terms and Conditions say the transfer rate is two points for every mile-- meaning you receive only half as many miles in the airlines’ program as you forgo in HSBC points. HSBC Premier World Elite Mastercard Review. The HSBC Premier World Elite Mastercard® * offers a wide selection of travel benefits for a lower annual fee than most premium credit cards. The HSBC Premier World Elite Mastercard®* offers a wide selection of travel benefits for a lower annual fee than most premium credit cards. 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. There are two versions of the card. However, it doesn’t offer travel insurance and the annual fee is higher than the HSBC card. To rate credit cards we objectively assess, score and weight nearly 100 individual card features which roll up into five major feature sets: fees, interest, rewards, benefits and security/customer service. Let’s get started. 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. The HSBC card is better in a few ways, though. HSBC Elite World Elite Mastercard credit cards are issued by HSBC Bank USA, N.A., subject to credit approval and require a U.S. HSBC Premier 1 relationship. Best Personal Loans For Debt Consolidation. 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. If you don’t have HSBC Premier, there’s currently a huge $500 signup bonus to get one. Also, this card lets you earn 3X points back on travel purchases, 2X points back on dining purchases, and 1X points back on everything else, ensuring that you’ll just constantly be earning points back. Who Is Eligible For The $600 Stimulus Check? 50,000 bonus points, worth at least $750 in air travel, after spending $4,000 in the first 3 months from account opening. For cash rewards, points are worth 1 cent each, with minimum cashout thresholds. Key link: HSBC Premier Mastercard application form. Must apply by December 28, 2020. As an HSBC Premier World Elite Mastercard cardholder, you can travel with peace of mind. Although the HSBC Premier World Elite Mastercard offers numerous benefits for travelers, there are several other cards with similar benefits without the criteria of being a banking customer. We value those rewards at around $306 when redeemed for airfare. 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. $100 annual airline credit and other travel benefits, Requires a qualifying HSBC Premier account. 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. She's always looking for new ways to make travel easier, more memorable, and more affordable. Cardholders can get a jumpstart on earning through a one-time welcome bonus of 50,000 Rewards Program Bonus Points if you spend $4,000 in the first three months. Member FDIC. Credit Score ranges are based on FICO® credit scoring. Investopedia is committed to delivering the best credit card recommendations in the industry. Download application form (PDF, 1.2MB) Download application form (PDF, 1.2MB) This link … This review covers the more generous, premium version. Let's further assume that, on both trips, you stay a total of five nights in a hotel that costs $150 per night. The HSBC World Elite Mastercard is a pretty strong contender in the market with its base rewards offering, benefits and insurance package. Credit card reward programs can be based on cash back, points or travel rewards (which can be generic or travel partner-specific, as with airline and hotel co-brand card programs). However, the card also boasts flexible cash-in for other categories. It includes four Priority Pass lounge visits and trusted traveler reimbursement as well. Becky Pokora is an avid traveler with a particular love for the outdoors. Earning Rewards Cardholders can get a jumpstart on earning through a one-time welcome bonus of 50,000 Rewards Program Bonus … Earn 3x points on travel immediately after earning your $300 travel credit, 3X points on dining at restaurants, and 1 point per $1 spent on all other purchases. The HSBC Premier Credit Card offers you travel benefits for wherever your life leads you and will help throughout your journey. Please review carefully. Earn 1% in Disney Rewards Dollars on all card purchases. 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. Annual Fee: $395 for primary cardholder and $65 for each authorized user Signup Bonus: 50,000 points ($750 in airfare through HSBC) after spending $4,000 within 3 months of new account opening.NOTE: you must have an existing U.S. HSBC Premier … Earn 2 Amtrak Guest Rewards points per $1 spent with Amtrak and 1 point spent on all other purchases. I have been quite tough on HSBC for a while now, because of their lack of creativity. The $4,876 our sample household spends on travel would earn 14,628 HSBC points. Investopedia uses cookies to provide you with a great user experience. It is part of our series of articles looking at the major UK loyalty credit cards and discussing whether or … It offers generous travel insurance as well. Review: HSBC Premier World Elite Mastercard. 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. Key facts: No annual fee, card only available to HSBC Premier current account holders. The HSBC Premier World Elite Mastercard is for those who already have a relationship, involving considerable funds, with HSBC and are willing to pay a high annual fee to earn rewards on their credit-card spending and enjoy a number of travel benefits. Let's say you travel twice per year. The annual fee is $149. 3 We charge interest from the date each transaction or charge is added to your account until the amount you owe us has been repaid in full. After that you’ll earn 3 points per dollar spent on travel purchases, including airfare, hotels, and rental cars. You probably can’t get the Premier Elite card in this case. It also offers $300 in statement credits to reimburse travel. HSBC points increase in value if you redeem them for airfare purchases made through their website instead of requesting cash back. That spending will allow you to earn the card’s 50,000-point bonus. This scenario is further geared towards the high-worth households that are likely to carry this card. Good points per dollar ratio. The strict eligibility requirements will immediately exclude many people from applying for this card. 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). These are provided as guidelines only and approval is not guaranteed. 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. HSBC has a fairly broad definition of travel purchases. 19 in all other provinces. The checking requires a significant banking relationship to waive the monthly maintenance fees. The card earns 3 points per dollar spent on travel, identical to the HSBC card, but doesn’t offer a dining bonus. It also has a $400 annual fee and offers numerous travel benefits. by Harry; Posted on August 8, 2017 December 17, 2018; A couple of weeks ago I discussed the difficulty of finding a good rewards-earning Visa or MasterCard to use in places where American Express cards are not accepted. Additionally, it requires applicants to hold existing banking relationships. The offer is worth $750 when redeemed to purchase airline travel through HSBC’s rewards portal. 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. Any supplementary cardholder fees will also be refunded. 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, in order to apply for the card, you must be an HSBC Premier Checking customer, which requires strict membership eligibility. We also assign value to sign-up bonus offers and their initial spending requirements, when present. You'll find stories, tips, and inspiration here and on her travel blog, sightDOING. It has an even higher annual fee, at $550 per year, but offers travel credits, benefits and protections to provide value. Enjoy year-round 5% cash rebates 1 on dining (including online food delivery), groceries (including online grocery marts), petrol and transport (taxis, ride hailing, trains and buses), both locally and overseas when you spend minimum SGD600 per month. The HSBC Premier World Elite Mastercard fee is waived for HSBC Jade customers. Travel Benefits $100 Air Travel Statement Credit The $100 Air Travel Statement Credit (“Statement Credit”) offer applies to new purchases (minus returns, credits and adjustments) made using your HSBC Premier World Elite Mastercard® credit card every year from January 1 through December 31 (“Calendar Year”). Earn 3 Amtrak Guest Rewards points per $1 spent with Amtrak, 2 points on other qualifying travel purchases,1 point spent on all other purchases. For the temporary benefits during the COVID-19 pandemic, please see our featured review. This card comes with security features that meet the industry norm. This compensation comes from two main sources. The HSBC Premier World Elite Mastercard® credit card is a travel rewards card designed for big spenders who love to travel frequently. The Facts. Cardholders earn 3 points per dollar on travel purchases and 2 points per dollar on dining purchases. Customers can contact a HSBC representative about their Mastercard 855-806-4664 or report a lost or stolen card 24/7 at 800-462-1874. 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. Harley-Davidson Visa Credit Card 2021 Review, Grand Reserve™ World Mastercard® 2021 Review, Emirates Skywards Premium World Elite Mastercard® 2021 Review. If you plan on redeeming your points for airfare, then you're looking at a 1.5% return which isn't bad at all. Those points are worth $137 when redeemed for airfare through HSBC. It has a high annual fee, but offers bonus points on travel and dining purchases, $200 in annual travel credits, a high sign up bonus, and a lot more luxury travel benefits. 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. 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). The Sapphire Reserve includes unlimited Priority Pass airport lounge visits once you enroll, so frequent flyers will do better with this card. Key facts: No annual fee, card only available to HSBC Premier current account holders. Points are worth 1.5 cents each when redeemed toward airfare, but you can also redeem them for statement credits. How Will Your Payment Arrive? July 5, 2016, 10:00. 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. Like some other credit cards out there, HSBC Premier comes with a 3-2-1 bonus category structure whereby you earn: – 3X points on travel – 2X points on dining – 1X point on all other purchases The Prestige offers a more generous earnings structure since it provides 5 points per dollar spent on airfare and dining purchases and 3 points per dollar on hotels and cruises. The Forbes Advisor editorial team is independent and objective. The HSBC Premier World Elite Mastercard fee is waived for HSBC Jade customers. They’d earn another 8,812 points on dining (based on $4,406 in spending) and 17,128 points from all other expenses. Apply by phone or in branch Our branches are offering a limited service because of coronavirus. HSBC Premier World Elite Mastercard® Credit Card review. 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. 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). 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. The HSBC Premier World Elite Mastercard has an offer for 50,000 Rewards Program bonus points when you spend $4,000 within your first three months. The annual fee is $149. Cards that are selected best overall in their respective categories generally feature most if not all of the following attributes: Credit card fees come in many forms but the primary ones involve those for annual card membership and balance transfer. 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Prestige is another premium travel card offering similar benefits to those with good credit scores 650! The variable regular APR interest rate range attractive benefits, there ’ s 40,568 points earned, not including one-time! Also transfer points to be a cardholder then after qualifying, you would spend $ 300 annual credit... To learn more, speak with an enrollment bonus of 50,000 points worth $ 750 when redeemed toward,. Rewards offering, benefits and insurance package be a cardholder s rewards portal card purchases structure... Are provided as guidelines only and approval and additional conditions listed for the card, HSBC may accounts! Prestige is another premium travel card these days and HSBC is no exception case all are... Similar to competitors although with fewer options for redemption 2X FunPoints for every dollar spent on other...