The Forbes Advisor editorial team is independent and objective. Travelling the world and experiencing new places and cultures can be so rewarding. The U.S. Bank Altitude™ Reserve Visa Infinite® Card is the closest competitor to the HSBC Premier World Elite Mastercard. For detailed Terms and Conditions click herehere This link will open in a new window. Download application form (PDF, 1.2MB) Download application form (PDF, 1.2MB) This link will open in a new window. Below are the highlights of the credit card: $149 annual fee No annual fee for supplementary cardholders July 5, 2016, 10:00. 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) Full Review of HSBC Premier World Elite Mastercard Credit Card, HSBC Premier World Elite Mastercard’s Outstanding Benefits, Seeks to maximize points or miles earnings across spending categories, Dines out regularly while traveling or in home city, Travels outside of U.S. on occasion or frequently, HSBC Premier World Elite Mastercard® credit card, Amtrak Guest Rewards® Platinum Mastercard®, Royal Caribbean® Visa Signature® Credit Card. 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. Either $10 or 4%, whichever is greater, will apply on each balance transfer and credit card check. HSBC Premier World Mastercard Review. 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. Editorial Note: Forbes may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. With the Citi Prestige, you’ll have $250 in annual travel reimbursements available, trusted traveler reimbursement and the ability to get the fourth night free on select hotel stays (up to twice a year). Unlike Priority Pass and Lounge Club which are offered across a number of credit card companies as well as standalone passes which can be purchased online, LoungeKey is only available to customers of the HSBC Premier World Elite MasterCard. The cash advance fee on the HSBC Premier World Elite Credit Card is 2.99% (min. Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. If you're redeeming points at 1 cent or lower, you'll want to go for a flat rate 1.5% cash back credit card or even a 2%+ cash back credit card. To learn more, speak with an HSBC Premier Relationship Manager. If you're wondering whether HSBC Premier World Mastercard is the right card for you, read on. 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. 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. 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 … New cardholders can earn a one-time offer of 50,000 points after spending at least $4,000 on eligible purchases within the first three months after opening an account. Currently, HSBC only has three airline partners: British Airways, Singapore Airlines and Cathay Pacific. At the 2-points-per-dollar rate for dining, that $3,600 in spending would earn 7,200 points. The Citi Prestige is another premium travel card offering similar benefits to those you’d get with HSBC. 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. HSBC Premier World Mastercard is a cashback credit card issued by HSBC Bank USA. HSBC Premier World Elite Mastercard® Credit Card review. You can also transfer points to a wide variety of airline and hotel partners, giving you more flexibility. Our Verdict. Investopedia uses cookies to provide you with a great user experience. The HSBC Premier World Elite Mastercard offers an earning structure similar to competitors although with fewer options for redemption. 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. 14.99% - 18.99% Variable APR on purchases and balance transfers, Earn 50,000 Rewards Program Bonus Points worth $750 in airfare – when booked online through HSBC Rewards – after spending $4,000 in the first 3 months of account opening, U.S. Bank Altitude™ Reserve Visa Infinite® Card, Best Travel Rewards Card for Frequent Travelers, 16.24% Variable APR on purchases and balance transfers. You might be using an unsupported or outdated browser. 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. Any supplementary cardholder fees will also be refunded. We rate both introductory APR percentage and length (in months) along with the midpoint of the variable regular APR interest rate range. Unless savings also counts, but I’ve never used HSBC so idk. There are a myriad of reward and non-reward card options that charge no annual fee but for the many that do assess an annual fee the cost is often justified by their lucrative ongoing rewards and initial signup bonuses. The account opening is subject to our standard credit review and approval and additional conditions listed for the specific offers below. Harley-Davidson Visa Credit Card 2021 Review, Grand Reserve™ World Mastercard® 2021 Review, Emirates Skywards Premium World Elite Mastercard® 2021 Review. For example, if you withdraw £50, you'll incur a fee of £3.00. You need to be an HSBC Premier account holder with a minimum individual income of $80,000 or a household income of $150,000 to qualify. Key facts: No annual fee, card only available to HSBC Premier current account holders. The HSBC Premier World Elite Mastercard fee is waived for HSBC Jade customers. That spending—$1,400 on flights and $1,000 on hotels—will earn 7,200 points at the 3 points per dollar travel rewards rate. Along with a significant range of travel benefits, there's a one-time offer worth $750 when redeemed for airfare. * Offer available to customers holding HSBC Jade World Elite Mastercard, HSBC Premier World Elite Mastercard, HSBC World Elite Mastercard, HSBC Premier World Mastercard and HSBC Premier Mastercard. It includes airlines, hotels, motels, travel agencies, tour operators, cruise lines, bus lines, automotive and vehicle rentals, truck rentals, boat rentals, motor homes and recreational vehicles, campground and trailer parks, automobile parking lots and garages, bridge and road fees/tolls, trains, railroads, ferries, and limousines and taxi cabs. Earn 1 point per $1 for other eligible purchases. 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. HSBC Premier World Elite Mastercard is a rewards credit card issued by HSBC Bank USA. For anyone else, the annual fee is hard to justify. 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. 19 in all other provinces. That spending will allow you to earn the card’s 50,000-point bonus. Much like its direct competitors this card provides utmost flexibility as it is a hybrid credit card. We value these points to be worth around $750. There's also a 50,000-point bonus and a $300 annual travel credit. It has no annual fee for Premier customers, and there’s the option to pay a manageable $95 if you no longer qualify for Premier status after getting the card. 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® credit card is a travel rewards card designed for big spenders who love to travel frequently. The HSBC World Elite Mastercard is a pretty strong contender in the market with its base rewards offering, benefits and insurance package. Mastercard's ID theft protection, cellular wireless protection, and identify theft resolution services are also included. 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. Additionally, it requires applicants to hold existing banking relationships. Key facts: No annual fee, card only available to HSBC Premier current account holders. Since it takes 200 points to claim $1 in travel, the 20,000 welcome points are worth $100 in travel. Any supplementary cardholder fees will also be refunded. Cardholders earn 3 points per dollar on travel purchases and 2 points per dollar on dining purchases. It also offers $300 in statement credits to reimburse travel. The HSBC Premier Mastercard is issued by HSBC. Here, you’ll earn 1.5 cents per point on airfare. Apply by phone or in branch Our branches are offering a limited service because of coronavirus. 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. The HSBC Premier World Elite Mastercard fee is waived for HSBC Jade customers. It requires an excellent credit score and high annual fee, though. 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. Those who qualify may still do better by choosing other cards that come with similar travel credits and benefits. Deposit products offered in the U.S. by HSBC Bank USA, N.A. Then after qualifying, you must pay a steep annual fee of $395 for the card. This is everything you need to know to make a good choice. 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. However, HSBC may close accounts that have twelve months of inactivity, in which case all points are immediately forfeited. Everything To Know About Cashier’s Checks, Best Investment Apps For Managing Portfolios, How to Buy Bonds: A Primer for New Investors, The 5 Best Round-Up Apps For Saving Money. The strict eligibility requirements will immediately exclude many people from applying for this card. The HSBC Premier World Elite Mastercard could give you the opportunity to let you enjoy a life full of life, wherever you are. Alternatively, heavy travelers who are prepared to pay a high annual fee might be better off with a luxury travel card that doesn't require a banking relationship and provides better rewards. About the HSBC Premier credit card. 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. Becky Pokora is an avid traveler with a particular love for the outdoors. HSBC Premier World Elite™ Mastercard® The HSBC Premier World Elite Mastercard® provides you with a secure way to spend* and allows you to earn reward points while you shop. Customers who prefer cash back can request statement credits or direct deposit into their HSBC checking account. 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 You can review our list of the best travel credit cards for what we think are better options. With a total of $750, you’d earn 2,250 points (given the 3 points-per-dollar travel rate). The annual fee is $149. 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. Investopedia is committed to delivering the best credit card recommendations in the industry. There's no limit to the number of points you can earn in a year and points don't expire as long as your account is active. HSBC’s definition of dining is broad as well. The HSBC Premier World Elite Mastercard® credit card is a travel rewards card designed for big spenders who love to travel frequently. 18.9% p.a (variable) purchase rate. If you don’t have HSBC Premier, there’s currently a huge $500 signup bonus to get one. As an HSBC Premier World Elite Mastercard cardholder, you can travel with peace of mind. You’d outearn the HSBC Premier World Elite Mastercard overall and no banking relationship is required. Here are two scenarios to demonstrate how many points you might be able to make with the HSBC Premier World Elite Mastercard. Withdraw £250, and you'll incur a fee of £7.48. 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. The HSBC Premier Mastercard is issued by HSBC. 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. 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. The opinions expressed are the author’s alone and have not been provided, approved, or otherwise endorsed by our. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. That’s triple the amount that HSBC offers and it can be used toward hotels and other travel expenses  in addition to airfare. 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. Conditions Apply. 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. 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. When charged, balance transfer fees range between 3% - 5%, which we grade accordingly. But the card carries a hefty annual fee of $395. Second Stimulus Check Calculator: How Much Will You Receive? This is indeed a card for high-worth HSBC customers. To determine the rewards potential of the HSBC Premier World Elite Mastercard, you’ll need to look at your expected credit card spend for travel, dining and all other purchases. 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. Must apply by December 28, 2020. It offers travel insurance for trips charged to the card. How Will Your Payment Arrive? Instead, it offers 3 points per dollar for mobile payments. We value those rewards at around $306 when redeemed for airfare. While we make no assumption as to whether balances are carried on a given card we do assign varying weights to all credit cards’ introductory APR (if present) in addition to the regular, long term purchase and balance transfer interest rates. Overall, you'd earn 9,150 points on this card—2,100 points from the airfare, 2,250 points from the hotel stays, and 4,800 points on the dining bills. These can be redeemed for gifts to best suit your lifestyle, whether it be for flights, shopping vouchers, wine and champagnes or through a charity donation. 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. Review: HSBC Premier World Elite Mastercard. 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 earned below-average scores in J.D. To get this card, you must also: Yes Be at least 18 years of age (AB, MB, ON, PE, QA, SK). Earn up to SGD1,800 cash rebate annually.. Make HSBC Premier Mastercard® credit card your best companion card in the new normal. Earn 2X FunPoints for every dollar spent on any purchases with Carnival Cruise Lines and 1X FunPoints on all other purchases. 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. Discover the card that will give you rewards that you and your whole family can take advantage of, at home or away. Please review carefully. 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. There are two versions of the card. The strict eligibility requirements will immediately exclude many people from applying for this card. 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. What Exactly Can Be Taken From You In A Lawsuit? There are two versions of the card. The HSBC Premier World Elite Mastercard has respectable rewards, attractive benefits, and a competitive one-time offer. We publish unbiased product reviews; our opinions are our own and are not influenced by payment we receive from our advertising partners. The bonus points post four to six weeks after the promotional period has ended. Unemployment‌ ‌Benefits‌ ‌Boost‌ Calculator, Compare HSBC Premier World Elite Mastercard With Other Cards, Best Credit Cards For Travel Insurance Benefits, Primary vs. To learn more, speak with an HSBC Premier Relationship Manager. By using Investopedia, you accept our. It is part of our series of articles looking at the major UK loyalty credit cards and discussing whether or … In one year, that’s 40,568 points earned, not including the one-time welcome bonus. 50,000 bonus points, worth at least $750 in air travel, after spending $4,000 in the first 3 months from account opening. Cash back as a direct deposit to an HSBC bank account, Gift cards for travel, shopping, and more, CharityChoice Gift Card to one of more than 1,000 charitable organizations, $100 annual statement credit for rides with Uber and Lyft (up to $20 per ride), Statement credit for Global Entry up to $100 or TSAPrecheck up to $85 every four years, Trip cancellation/trip interruption insurance. $100 annual airline credit and other travel benefits, Requires a qualifying HSBC Premier account. This is everything you need to know to make a good choice. Earning and Redeeming Points. Many Americans Have Already Received Their $600 Stimulus Payments—Have You? Key link: HSBC Premier Mastercard application form. About the HSBC Premier credit card. Getting the most out of this card begins with meeting the $4,000 spending requirement within the first three months after opening an account. 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. HSBC Premier World Elite MasterCard – Details. Key link: HSBC Premier Mastercard application form. That fee will be justified for those who fly at least once a year and use ride-sharing services at least five times a year. 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. 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) Some frequent travelers may find that adds up to more than the U.S. Bank travel reimbursement. 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. 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. About the HSBC Premier World Elite card. HSBC Premier World Elite MasterCard Features 3-2-1 Bonus Categories. 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. Points are worth 1.5 cents each when redeemed toward airfare, but you can also redeem them for statement credits. You earn 2 points per dollar on travel purchases and 1 point on all other purchases. 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. Earn 1% in Disney Rewards Dollars on all card purchases. Bottom Line. I was caught by surprise to see that they have introduced a new Premier World Elite MasterCard. We’ll take a look later in the article at just what the LoungeKey HSBC pass could be worth. However, the card also boasts flexible cash-in for other categories. HSBC Premier World Elite Mastercard Review. Are you sure you want to rest your choices? To get this card, you must also: Yes Be at least 18 years of age (AB, MB, ON, PE, QA, SK). Must apply by December 28, 2020. Points redeemed for airfare, are worth 1.5 cents per point. For example, if you withdraw £50, you'll incur a fee of £3.00. Earning Rewards Cardholders can get a jumpstart on earning through a one-time welcome bonus of 50,000 Rewards Program Bonus … Most customers won’t be able to apply for this card due to the requirement of being an HSBC Premier customer. Premier World Elite Mastercard 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. You probably can’t get the Premier Elite card in this case. As a premier travel rewards credit card, HSBC World Elite® Mastercard® offers superior value towards travel-related redemption. It includes restaurants, cafes, bars, lounges, and fast food outlets. Those tickets would together cost $700, and would earn 2,100 points (with the 3 points per dollar rate for travel purchases). I have been quite tough on HSBC for a while now, because of their lack of creativity. © 2021 Forbes Media LLC. Secondary Car Rental Insurance Coverage, Chase Sapphire Reserve Travel Card Review, Bank of America Cash Rewards Credit Card Review, Chase Sapphire Preferred Credit Card Review, Bank of America Premium Rewards Credit Card Review, How To Redeem Ultimate Rewards Points For Groceries, The 4 Best Apps To Track Credit Card Rewards, HSBC Premier World Elite Mastercard Review, Only available to those with a U.S. HSBC Premier checking account, Earn 3X Rewards Program Points on new travel purchases – including airline, hotels, and car rentals, Redeem your points for the rewards you want: Travel, Cash Rewards, Gift Cards, or Merchandise, 10% discount when you book your hotel or vacation home stay through Expedia, Agoda or onefinestay, Enjoy a $100 Annual Air Travel Credit, get two free lounge visits per year, plus save up to 15% at hundreds of airport retailers”, Earn 3 points per dollar spent on travel, 2 point per dollar on dining, and 1 point per dollar on all other purchases, Welcome bonus of 50,000 Rewards Program Bonus Points after spending $4,000 in the first 3 months, $100 annual air credit toward ticket and other airline purchases, $100 annual rideshare credit for use on Uber and Lyft, Reimbursement toward Global Entry or TSA PreCheck once every four years, Travel benefits including LoungeKey membership, hotel discounts and travel insurance, Every day benefits including Boingo and Shoprunner memberships, $395; each authorized user $65 per year annual fee; authorized users can be added for $65 each, APR: 14.99% - 18.99% Variable APR on purchases and balance transfers, Annual Fee: $395; each authorized user $65 per year, Balance Transfer Fee: Either $10 or 4%, whichever is greater, will apply on each balance transfer and credit card check, Cash Advance Fee: Either $10 or 5%, whichever is greater, will apply on each cash advance transaction. To qualify for the HSBC Premier card you’ll need to pay your annual income into a HSBC Premier bank account and meet one of the two following qualifying factors: 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. 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. The annual fee is $149. 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. With a $395 annual fee, the welcome offer will only cover the card's cost for one year. It also has a $400 annual fee and offers numerous travel benefits. Please review carefully. It offers generous travel insurance as well. It also has a $400 annual fee and offers numerous travel benefits. Customer service can also be reached by visiting a branch, writing to HSBC, or by tweeting questions and comments to @HSBC_US. 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. The HSBC Premier World Elite Mastercard earns 1 HSBC Point on all non-category purchases. Available to HSBC Premier Checking customer, which requires strict membership eligibility in addition to airfare rate. Home or away even more value out of this card, cellular wireless protection, and more.! Cookies to provide you with a $ 395 for the HSBC Premier Checking account requires strict membership eligibility redeemed airfare. Includes restaurants, cafes, bars, lounges, and more affordable your purchase! Tips, and 1 point spent on travel, 2 points per dollar select hotel stays case. 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