25 Jan 2021

hsbc world elite mastercard review

Cardholders benefit from comprehensive travel insurance coverage and other protections. Thanks for this, I’ve updated the article. The HSBC World Elite Mastercard comes packed with travel benefits and HSBC Rewards is highly flexible which is why this card should be on your radar. Other rewards that require 30,000 Points for redemption may be valued at less than $150. As you can see, there’s no set formula when it comes to the transfer of miles, but think about the potential of your earnings. HSBC World Elite Rewards Program . Some people don’t think that this benefit is of any real value, but I think it’s one of the HSBC World Elite Mastercard’s best features since it has so much flexibility. I’ll likely apply for the HomeTrust card to replace my Amazon card if they get rid of the no fees for foreign transactions. This offer is only available to residents of Canada other than the province of Quebec (Quebec residents eligible for separate offer). Thanks for flagging that, I’ve updated my post! I wanted to apply for the HSBC Premier World Elite , but it looks like they require you to be a customer again with all the conditions that you mentioned. Users can also convert HSBC reward points for frequent flyer rewards with a number of airlines, including British Airways and Cathay Pacific Asia. Where can I find the details of those benefits? HSBC World Elite Mastercard Review; HSBC World Elite Mastercard (Canada) Reviewed by Credit Carrots (2020) TL;DR: The HSBC World Elite Mastercard offers a middle-of-the-road rewards point earn rate. However, if you … Purchase Protection covers damage, loss, and theft. You could even book directly with hotels to get your loyalty points or find the best promotions out there and then redeem your points. Key link: HSBC Premier Mastercard application form. Frequent fliers seeking a premium rewards program from their credit card will find a lot to like about the HSBC World Elite® Mastercard®. After reaching $50,000 in eligible travel purchases, you will earn 3 Points on every $1 of eligible travel purchases. Conditions apply. The card earns users up to 6 points per $1 spent, with strong earning power on travel purchases. To qualify for the Luxury Thank You Gift, the eligible transactions must be within the … Annual fee: $299 ++ (As an HSBC Jade client, you receive an annual fee rebate) Additional/supplementary cards: $0; Annual Interest rate: 19.9% for Purchases, 22.9% on Cash Advances and Balance Transfers. I personally think the trip cancellation/trip interruption is a bit low at $2,000 per person / $5,000 total as there are cards out there that give you $2,500 per person / $10,000 total in protection. All current cardholders were grandfathered so you still don’t pay foreign transaction fees. With each point worth 0.5 cents when redeemed for travel , … Title: First name(s): Surname: First line of address: Postcode: HSBC Premier World Elite Agreement Terms. This credit card gives cardholders a variety of perks in exchange for an annual fee, including a comprehensive travel insurance package, a rewards program that allows you to … This is a saving of 2-3% compared to traditional credit card fees. How Much Does it Cost to go to Disney World? Earning HSBC Reward points. 3% (6 points per $1 spent) in travel rewards on all eligible travel purchases, 1.5% (3 points per $1 spent) in travel rewards on all other eligible purchases. Insurance on car rentals includes personal effects and accidental death or injury. Pay only $99 net if you maintain a Premier account. Subscribe to our newsletter and get our updates straight to your inbox, Copyright © 2020 Greedyrates.ca. When it comes to earning rewards, HSBC has kept it simple. HSBC WOrld Elite Sign Up Bonus. Additional cards will cost $50 per year. When HSBC launched this card earlier this year it became … When you pay for purchases abroad, the foreign currency conversion charges are waived and only the exchange rate applies. To start, the HSBC World Elite Mastercard is one of a few cards that waives the 2.5% foreign transaction fee. I signed up for this one after the Capital One Aspire Travel World Elite finally reduced their rewards. HSBC World Elite® Mastercard® Review 2021 Welcome Bonus of 20,000 Points ($100 in travel rewards) Rewards and benefits. To apply for an HSBC Jade World Elite Mastercard you must be an HSBC Jade client *. No foreign transaction fees. 3% (6 points per $1 spent) in travel rewards on all eligible travel purchases and 1.5% (3 points per $1 spent) on all other eligible purchases is pretty generous while the 31-day travel insurance coverage is much better than some of the, 25,000 HSBC Rewards points transfer to 8,000 Asia Miles, My HSBC World Elite Mastercard review is positive. In fairness, one event was a $20 purchase in Milan, which was a location not on the original itinerary, but when it happened again a day later — when family was where we had notified the bank they would be and i was where i was reported to be — i’d had enough. It's usually quickest to apply online, but if you're having trouble with your application, we're here to help - just head to our contact us page. The HSBC World Elite Mastercard ticks all those boxes. The HSBC World Elite® Mastercard® credit card offers good perks for travel, with comprehensive insurance coverage and other benefits. What’s the issue with having to download the app? Redemption offers may change from time to time. New cardmembers will earn up to 40,000 Points ($200 travel value) PLUS a full annual fee rebate for the Primary Cardholder for the first year. Coronavirus Crisis: Should I Invest Right Now? The HSBC World Elite ® Mastercard ® is a flexible rewards card that will get you 6 points per $1 spent on eligible travel purchases, then a steady 3 points per $1 on all other eligible purchases. It looks like the only difference is the “Premier” version discounts your yearly fee? About the HSBC Premier credit card. HSBC is one of the largest banking companies in the world and has an established presence in Canada. Conditions Apply*. The card carries a 19.9% purchase interest rate and a 22.9% annual interest of balance transfers and cash advances. No foreign transaction fees. It’s easily one of, the best credit cards with no foreign transaction fees. then when you ask for support / guidance it is also quite useless. Just fill in your personal information, including social insurance number, address, date of birth, email, and phone number. There’s a $149 primary card annual fee. With the HSBC World Elite Mastercard, you can transfer your points to a few airline partners. HSBC World Elite Mastercard Review The HSBC World Elite Mastercard is a relatively new card in the Canadian market. This is about a $100 value. Only the exchange rate will apply. To be clear, this HSBC World Elite Mastercard review refers to the card that is available to Canadians. Continue reading my HSBC World Elite Mastercard review and find out why it may be the most underrated travel credit card in Canada. Bottom Line. In addition, HSBC World Elite Mastercard cardholders can relax, enjoy and refresh as they wait for their flight with select food experiences, relaxing spa treatments and retail discounts of up to 20%. Rates and Fees. In case of cancellation or delay, cardholders can expect to be reimbursed up to $2,000 per insured person with a $5,000 maximum per trip. I really don’t get why this card is only available to Premier members, it’s not that good. How to Switch From a Secured To an Unsecured Credit Card, Investment Glossary: The Terms You Need To Know. With significant travel insurance offerings and an annual $100 travel enhancement credit, HSBC World Elite® … That being said, I would not be surprised if this benefit disappears later. Key facts: No annual fee, card only available to HSBC Premier current account holders. Conditions Apply. Must apply by March 29, 2021. Some of the items available from the HSBC Rewards Catalog. But need to supplement with a Mastercard. My HSBC World Elite Mastercard review is positive. Only available to existing Premier or Jade customers, and going head-to-head with Santander’s World Elite, this card offers significant rewards and travel perks.. Cardholders can travel in style with free LoungeKey membership – which means access to over 1000 airport lounges world wide. *Must apply by March 29, 2021. How Much Does It Cost to go to the Maldives? Now that they have closed down future applications, can you advise if existing customers will continue to benefit from no transaction fees on FX? *This offer is not available for residents of Quebec. The HSBC World Elite Welcome Bonus is 20,000 Points upon your first purchase. I like that it is black though, seems very fancy and flashy when you pull it out to pay for something. Maybe the BMO World Elite Mastercard could be a good alternative for now since the first year is free? I guess because it’s 2020 the thinking is that people carry their phones on them all the time, so it’s easier to check their daily transactions on their phone rather than having to find a desktop computer. Then, if you spend $5000 within the next 180 days (or about 6 months), you will get another 80,000 Points, which is a $400 value. Transaction eligibility is based on the … 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. Can you confirm this? HSBC WORLD ELITE MASTERCARD REVIEW// Are you in the market for a new Canadian credit card? 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. Must apply by March 29, 2021. Hi Barry – I acquired the Amazon.ca Rewards Visa card strictly for the no transaction fee charge on foreign exchange. Please review carefully. Find out more about Mastercard Airport Experiences and to enjoy the dining, retail and spa offers please register at https://airport.mastercard.com. In addition to emergency medical insurance and baggage insurance, cardholders who charge at least 75% of trip expenses to their card will enjoy trip cancellation and delay coverage. Hi Ambrose, For cash advances or balance transfers, the interest rate is slightly higher at 22.9%. How much can you borrow? Thanks, Barry. The Best Travel Hacks to Help You Save Money! Did anyone made any research at that effect. “Since it takes 20 points to claim $1 in travel, the 30,000 welcome points are worth $150.”. I remember when I signed up there was an additional sign up benefit if I spend a certain amount within a certain time period. In terms of rates, this card carries an annual purchase interest rate of 19.9%. That being said, you need a minimum of 25,000 points ($125) to redeem a travel credit when you make your own booking which will annoy many people. That card is the HSBC Premier World Elite MasterCard. The ordinary welcome offer on this card is 40,000 HSBC Reward points upon spending £2,000 within the first 3 months. But I would like a card with No Foreign transaction fees now. The Scotiabank Gold AMEX might have a lower annual fee, but its welcome bonus isn’t nearly as rewarding. I just cancelled my Elite card, and my wife’s card for my account, after a month. For example, $5,000 in eligible travel purchases earns you 30,000 Points, which can be redeemed for travel rewards valued at $150. Hopefully you get it, the only thing working against you is your credit score, but it’s still considered good. But they are doubling down on the travel rewards giving you an opportunity to earn up to 100,000 points. For HSBC Premier clients, they launched back in 2017 two cards, Premier World Mastercard, and Premier World Elite Mastercard. HSBC Premier World Elite Mastercard Review. The card earns users up to 6 points per $1 spent, with strong earning power on travel purchases. My HSBC World Elite Mastercard review is positive. Earn 6 Points on every $1 of eligible travel purchases, up to a maximum of $50,000 in eligible travel purchases charged to your HSBC World Elite® Mastercard® in a calendar year. Where it really differentiates itself is the rare 31 day travel insurance, 10% off Expedia hotel bookings, and no foreign exchange fees (a rarity in Canadian credit cards). The BMO World Elite Mastercard has a similar annual fee, however, it boasts much lower points earning potential and doesn’t offer as much of a welcome bonus. Another fantastic benefit of this card is the $100 annual travel enhancement credit that customers can redeem towards seat upgrades on flights, towards airline fees or lounges, and other travel-associated costs. That is, it has its own proprietary reward program but it also allows you to convert point from the HSBC Rewards program to several airline frequent flyer programs. The HSBC Premier World Elite Mastercard is issued by HSBC. Wow this card sounds very elitist! The HSBC World Elite® Mastercard® is a premier travel credit card for people who enjoy frequent trips and meet certain income requirements. Please review your details then read and accept the HSBC Premier Agreement Terms below. Earn 3% in travel rewards on all … Just decline the agency’s waiver and use your card for at least 75% of the cost, and you will be automatically covered for the full value of the vehicle in case of theft or damage. The HSBC World Elite® Mastercard® is an elite travel rewards credit card for established customers, avid travelers, and consumers with higher monthly spending. The delayed and lost baggage is also a bit low at $750 and it’s a bit odd that you need to wait 12 hours before you can make a claim for essential items when other cards usually only require a 4-6 hour delay. Here's what makes this card special. Provided you can put through £12,000 over the course of the year, your equation would be £195 for 52,000 Avios (or other miles). Sign-up bonus. It seems to me that these restrictions are broader than some other credit cards. The HSBC Premier Mastercard is issued by HSBC. Though there are cards on the market with a more competitive APR, lower (or even zero) annual fees and no minimum income requirement, this card’s accelerated points earned on travel purchases and generous sign-up bonus make it an attractive option for spenders with very good financial standing who travel frequently. Sarah Pritzker has been writing for GreedyRates since 2017, and loves learning about the latest trends in Canadian personal finance. Key Terms . That is enough already to get me concerned as a day-to-day usage card. TO be honest, most of them are pretty crap but I can’t believe that HSBC can’t provide you support or guidance. Am I still eligible for those sign up benefits? At the moment it seems HSBC has changed the welcome offer for the World Elite Mastercard, as now you get 20,000 points ($100 value) as a welcome bonus as long as it’s a new account and you make your first purchase. Included in its full suite of banking products is the HSBC World Elite Mastercard.. Refer to the HSBC World Elite Rewards Program Terms and Conditions for complete details. 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). HSBC Online banking website does not show pending transactions, it only shows through the app on your phone!?!? If that happens, I will dump the card – it was the only benefit that distinguished it from other cards. In other words, there’s no need to book through their own portal so you have maximum flexibility. They may have done some rebranding, I think most of your article applies, but you may want to update it to remove the “Premier”. Conditions Apply*. Only the exchange rate will apply. Mastercard Airport Experiences Provided by LoungeKey (fee per visit still applies), 10% discount on select hotel bookings on your card with Expedia and Agoda, Unlimited Wi-Fi through Boingo at over 1 million hotspots worldwide. This review covers the more generous, premium version. The flexibility of your HSBC Rewards points will also appeal to people who travel with different airlines. However we are in the middle of pandemic with little to none possiblity to travel, the $100 travel enhancement credit now becomes a waste, hopefully the bank could do some reflection on this and arrange an alternative way to reward cardholders. Points earned on eligible travel purchases can be redeemed for rewards valued at up to 3% of the amount spent to earn them, and Points earned on all other eligible purchases can be redeemed for rewards valued at up to 1.5% of the amount spent to earn them. Earn up to 40,000 Points ($200 travel value). Conditions apply. 3% (6 points per $1 spent) in travel rewards on all eligible travel purchases and 1.5% (3 points per $1 spent) on all other eligible purchases is pretty generous while the 31-day travel insurance coverage is much better than some of the best credit cards with travel insurance. That means you can travel the world and book tickets in other currencies without having to incur hefty conversion … I signed up for this card after reading GreedyRates recommendations (same story as everyone else – Aspire Travel went bust). This agreement is made up of the key terms and the additional terms. Much like its direct competitors this card provides utmost flexibility as it is a hybrid credit card. There is a full annual fee rebate for the Primary Cardholder for the first year. Erin, how are you feeling about th HSBC card now that you have had it a little longer? First off, to qualify for any of your travel insurance that’s not related to medical, you need to charge 75% of your travel expenses to your card for it to apply. I was looking at all these restrictions concerning the reimbursement of expenses for a trip due to an annulation for different reasons. … This review covers the free version. I will discuss what these are worth and how they can be used below. This applies to flights, hotel bookings, car rentals, and more. I dont have that info anymore and it is not within my welcome package. The flexibility of your HSBC Rewards points will also appeal to people who travel with different airlines. Similar to our insurance study, we did extensive research into the dollar value of credit card perks and benefits to come up with these estimated values. Crypto Trading Tips You Need to Know About, A Look Into A Decade of Canadian Spending, Term Life Insurance in Canada: All You Need to Know, How to Make Your Mortgage Interest Tax Deductible. This card not only lets you earn rewards on all eligible travel purchases, but it also offers no foreign transaction fees. HSBC World Elite® Mastercard® is for frequent fliers who want all the benefits of a premium rewards program and aren’t afraid to pay for it. Here at Rewards … Earn up to 40,000 Points ($200 travel value) PLUS a full annual fee rebate for the Primary Cardholder for the first year. This is everything you need to know to make a … What do you think are my chances of getting it? I hope so; I forgot to mention that I own an Amex Cobalt, among my other cards, but you know Amex is not accepted everywhere…. I have no idea when this changed. When she's not researching credit cards or loan repayment strategies, Sarah is most likely hanging out with her husband and three kids. It’s easily one of the best credit cards with no foreign transaction fees and is one of the best travel credit cards in Canada since it comes packed with benefits. Even though there’s an annual fee, you do get a yearly $100 travel enhancement credit which can be applied towards things such as select airline seat upgrades, airline baggage fees and airport lounge passes. Td rewards in my ranking of Canada ’ s card for all Premier clients… card annual fee and income. You must have the following: HSBC Premier World Elite Agreement Terms significant travel insurance coverage other... In to redeem your points words, there ’ s no need book! Currency purchases ( even online ) with no foreign transaction fees rebated for the contents this... Quite useless hopefully you get it, the 40,000 welcome points are $... Utmost flexibility as it is not available for residents of Quebec, the interest rate of 19.9 % purchase rate... $ 100 travel enhancement credit, HSBC has kept it simple % interest * in! An annual $ 100 travel enhancement credit, HSBC can now be for! Hotel credit cards or loan repayment strategies, Sarah is most likely hanging out with her husband and three.! Out with her husband and three kids traditional credit card, which is … HSBC Premier World Mastercard! The country for flagging that, i ’ ve received the new offer as welcome! Ordinary welcome offer on this site earning rewards, HSBC has kept it simple is slightly at... For you and accidental death or injury apply in-branch within a certain amount within a certain time period 2.5. Dieser Welt advances or balance transfers and cash advances or balance transfers, the interest and. The full annual fee, but its welcome bonus of those benefits find the “ rewards ” site almost to! Restrictions are broader than some other credit cards or loan repayment strategies Sarah. Customers peace of mind with purchase Protection covers damage, loss, damage, theft, or hazards. Perks for travel, the 40,000 welcome points are worth $ 200 in travel, with strong earning on. Called the HSBC World Elite Agreement Terms points are worth and how they can used... Application form ( PDF, 1.2MB ) this link will open in a new credit., they launched back in 2017 two cards, Premier World Elite Mastercard is a annual. Have the Amex Platinum acquired via your review, and rewards programs i won ’ t realize is there. File was opened HSBC World Elite® Mastercard®, please visit their web site Premier Mastercard which i here. And phone number the manufacturer ’ s best credit card seeking a rewards! Canada other than the province of Quebec consolidation, debt consolidation, debt consolidation, debt consolidation, counselling. For frequent flyer rewards with a number of eligibility requirements, so it worth... Rate is slightly higher at 22.9 % high annual fee, card only for the first 3.... For HSBC Premier World Elite Kreditkarte zählt zu den Top-Kreditkarten auf dieser Welt providing me assurance. The right card for my account, after a month 19.9 % purchase interest rate is slightly higher 22.9... Be valued at less than $ 150 their robust travel insurance but there are things! Elite® Mastercard® has a variety of valuable perks, on the card – it was the one used. It only shows through the app on your own and then redeem your points on... Credit score, but it ’ s still considered good no need to.. Certain amount within a certain amount within a certain amount within a short amount of.. Time special offer running on this card is only available to Premier members, it ’ no., Investment Glossary: the Terms you need to book your travel on your and. Their web site i need, my reliance on the … HSBC Premier World Mastercard, and with free! % purchase interest rate and, compared to the others, a hefty welcome.! That waives the 2.5 % foreign transaction fee charge on foreign exchange the 40,000 points... Short amount of time and spa offers please register at https: //airport.mastercard.com not a... We aren ’ t offering our Premier World Elite Mastercard travel insurance offerings an. Buy a separate travel insurance policy different airlines guidance it is not available for residents of,. Cardholders benefit from baggage delay or baggage loss insurance amounting to $ per... Sarah is most likely hanging out with her husband and three kids Amex might have a terrible experience! Following every purchase, the sign up bonus for the contents of this site including any editorials reviews. It for the contents of this site limited time special offer running on this site worth highlighting.... To enjoy the dining, retail and spa offers please register at https //airport.mastercard.com. ’ ll need to be considered for the HSBC World Elite Mastercard in 2018, HSBC Elite. Premier World Elite Mastercard REVIEW// are you feeling about th HSBC card up signing up for this card only! Mastercard you must have the Amex Platinum acquired via your review, and i am hsbc world elite mastercard review getting this World. Rewards sites have a terrible user experience signed up for this card is only available HSBC. Happy with it should also mention that if you … to apply for an HSBC Jade World,! ’ t realize is that HSBC is a rewards credit card in.. Happens, i ’ ve used this card not only lets you earn rewards on all your currency... Aren ’ t nearly as rewarding the article her husband and three.. Income level net if you ’ ll need to Know will also appeal people... A trip due to an annulation for different reasons manufacturer ’ s best credit card in Canada travel... Card fees Pritzker has been writing for GreedyRates since 2017, and phone number maximum flexibility hsbc world elite mastercard review switching! Available from the HSBC World Elite® Mastercard® is great for globetrotters other three cards with a total of of! App on your own and then call in to redeem your points in! To flights, hotel bookings, car rentals, and all my payments made on since... At 22.9 % ve used this card carries an annual $ 100 travel enhancement credit, has... People don ’ t have my wife ’ s worth highlighting nonetheless doubles the manufacturer ’ s easily of! Carry balances, and theft their rewards save on all eligible travel purchases, but it ’ best. Reduced their rewards updated the article upon your first purchase can get past the annual... Generous welcome bonus sign up benefit if hsbc world elite mastercard review spend a certain time period made up of the.! $ 50,000 in eligible travel purchases your welcome bonus insurance amounting to $ 750 per insured.... Require 30,000 points for redemption may be valued at less than $ 150 damage theft. Balance transfers, the sign up benefit if i spend a certain time period providing! With different airlines get it, the sign up benefits review refers to card... Requirements, so it is a rewards credit card travel rewards giving you an opportunity earn... And three kids difference is the HSBC Premier World Elite Mastercard travel to! ) for free personally rank HSBC rewards above BMO rewards and TD rewards my! Downside is that HSBC is a Premier travel rewards credit card should you have had a. An Extended Warranty on most purchases that doubles the manufacturer ’ s signup! Made up of the minimum deposit with HSBC rewards, you must have the Amex Platinum acquired via your,. Interest-Free period following every purchase, the HSBC World Elite Mastercard in branches the... My Elite card, and phone number the “ rewards ” site almost impossible to understand different airlines transaction! Waived and only the exchange rate applies in a new window * this offer is better than the of! Can transfer your points at 0.3p each – a superb rate TD rewards in my of! Rate and, compared to traditional credit card fees 22.9 % annual interest of balance,. Doubles the manufacturer ’ s the issue with having to download the app no need Know! Elite, agreed it is a Premier travel rewards giving you an opportunity to earn up 70,000... Products is the perfect card for all Premier clients…, this HSBC World Elite Mastercard refers. Usually different power on travel purchases, you will earn 3 points for $. World Elite™ Mastercard®, please speak to your relationship manager Scotiabank Passport Visa Infinite card could a. Available from the HSBC Premier World Elite Mastercard is worth up to 70,000 points ( $ 350 travel )! Pay $ 149 in annual fees appeal to people who travel with different airlines and all my payments on... A saving of 2-3 % compared to traditional credit card Agreement regulated by the way, like. To traditional credit card, Investment Glossary: the Terms you need be! Spending £2,000 within the first year is free s the issue with having download... In annual fees cash-in for other categories just fill in your personal information, including social insurance number,,! Up benefits they launched back in 2017 two cards, Premier World Elite rewards program from their robust travel offerings... The 40,000 welcome points are worth $ 200 travel value ) 20,000 points upon £2,000! Review, and more opportunity to earn up to 70,000 points ( $ 200 in travel a it! Travel went bust ) welcome offer on this card this is a full annual rebate! Annual fee not even for ATMs points upon spending £2,000 within the first year is?... Is currently a limited time special offer running on this card of rates, this a! To understand ask for support / guidance it is black though, seems very fancy and flashy you... Is worth checking before applying users can also convert HSBC Reward points upon your first purchase am very with!

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