25 Jan 2021

hsbc premier world elite mastercard review

It also has a $400 annual fee and offers numerous travel benefits. 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”). That’s a higher spending requirement than with the many offers that require $3,000 as the minimum “spend” for comparable rewards. Frequent travelers may do better by strategically transferring their points to partner frequent flyer miles. About the HSBC Premier credit card. 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. Any supplementary cardholder fees will also be refunded. What Exactly Can Be Taken From You In A Lawsuit? As a premier travel rewards credit card, HSBC World Elite® Mastercard® offers superior value towards travel-related redemption. Best Personal Loans For Debt Consolidation. 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). For detailed Terms and Conditions click herehere This link will open in a new window. 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. The HSBC Premier World Elite Mastercard offers an earning structure similar to competitors although with fewer options for redemption. This is just one scoring method and a credit card issuer may use another method when considering your application. 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 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. HSBC Premier World Elite Mastercard Review. The annual fee is $149. You might be using an unsupported or outdated browser. 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: 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. It includes four Priority Pass lounge visits and trusted traveler reimbursement as well. Some frequent travelers may find that adds up to more than the U.S. Bank travel reimbursement. 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. The cash advance fee on the HSBC Premier World Elite Credit Card is 2.99% (min. 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. 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. If you’re looking for a premium travel card with a wide range of frequent flyer benefits, then the HSBC Premier World Elite Mastercard could be just the ticket. Total points for travel: 13,200 points. 18.9% p.a (variable) purchase rate. Who Is Eligible For The $600 Stimulus Check? Earn up to SGD1,800 cash rebate annually.. Make HSBC Premier Mastercard® credit card your best companion card in the new normal. 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. * 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. British Airways and Cathay Pacific’s programs provide access to flights on Oneworld airlines (including American Airlines) and Singapore Airlines miles will allow you to fly on Star Alliance airlines (including United Airlines). We publish unbiased product reviews; our opinions are our own and are not influenced by payment we receive from our advertising partners. 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. The HSBC Premier World Elite Mastercard offers an earning structure similar to competitors although with fewer options for redemption. 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. © 2021 Forbes Media LLC. There are two versions of the card. We rate cards on the number and level of over a dozen standard and upscale benefits and provide extra weighting emphasis for those travel-related perks that apply to premium travel cards when present. 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. The HSBC Premier World Elite Mastercard has respectable rewards, attractive benefits, and a competitive one-time offer. This compensation comes from two main sources. July 5, 2016, 10:00. Earning Rewards Cardholders can get a jumpstart on earning through a one-time welcome bonus of 50,000 Rewards Program Bonus … Points are worth 1.5 cents each when redeemed toward airfare, but you can also redeem them for statement credits. 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. Earn 1 point per $1 for other eligible purchases. After that you’ll earn 3 points per dollar spent on travel purchases, including airfare, hotels, and rental cars. Almost all major card issuers offer a premium travel card these days and HSBC is no exception. The strict eligibility requirements will immediately exclude many people from applying for this card. Travelling the world and experiencing new places and cultures can be so rewarding. HSBC Premier World Elite Mastercard is a rewards credit card issued by HSBC Bank USA. Cash back and gift card redemption rates will vary. 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 representative APR is 18.9% variable. 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 Elite® Mastercard® is typically available to those with good credit scores (650 or greater). Earn 1% in Disney Rewards Dollars on all card purchases. Those tickets would together cost $700, and would earn 2,100 points (with the 3 points per dollar rate for travel purchases). 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). The HSBC Premier World Elite Mastercard fee is waived for HSBC Jade customers. 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. 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. 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. The HSBC Premier World Mastercard is loaded with premium features and reward options. Earn 2 points per $1 at US supermarkets on up to $6,000 per year. 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 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). 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. You'll find stories, tips, and inspiration here and on her travel blog, sightDOING. To get this card, you must also: Yes Be at least 18 years of age (AB, MB, ON, PE, QA, SK). When Will I Get It? Discover the card that will give you rewards that you and your whole family can take advantage of, at home or away. HSBC Premier World Mastercard Review. HSBC has a fairly broad definition of travel purchases. To learn more, speak with an HSBC Premier Relationship Manager. 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. I was caught by surprise to see that they have introduced a new Premier World Elite MasterCard. 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. 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. The strict eligibility requirements will immediately exclude many people from applying for this card. Review: HSBC Premier World Elite Mastercard. HSBC Premier World Mastercard is a cashback credit card issued by HSBC Bank USA. The HSBC Premier World Elite Mastercard®* offers a wide selection of travel benefits for a lower annual fee than most premium credit cards. She's always looking for new ways to make travel easier, more memorable, and more affordable. The checking requires a significant banking relationship to waive the monthly maintenance fees. For example, if you withdraw £50, you'll incur a fee of £3.00. Our Verdict. Customer service can also be reached by visiting a branch, writing to HSBC, or by tweeting questions and comments to @HSBC_US. You spend an additional $2,000 on car rentals and taxis throughout the year, which also earn 3 points per dollar—for an additional 6,000 points. Much like its direct competitors this card provides utmost flexibility as it is a hybrid credit card. 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. The HSBC Premier World Elite Mastercard® credit card is a travel rewards card designed for big spenders who love to travel frequently. Key facts: No annual fee, card only available to HSBC Premier current account holders. If you're wondering whether HSBC Premier World Elite Mastercard is the right card for you, read on. That spending will allow you to earn the card’s 50,000-point bonus. The HSBC Premier World Elite Mastercard® Credit Card is the best credit card HSBC Bank USA has to offer despite its steep annual fee. We’ll take a look later in the article at just what the LoungeKey HSBC pass could be worth. Good points per dollar ratio. For anyone else, the annual fee is hard to justify. Download application form (PDF, 1.2MB) Download application form (PDF, 1.2MB) This link will open in a new window. 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. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. To learn more, speak with an HSBC Premier Relationship Manager. 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 annual fee is $149. If you choose the HSBC Rewards Plus program, you’ll earn between 1 … Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. The Chase Sapphire Reserve is one of the best-known premium travel cards on the market. It is part of our series of articles looking at the major UK loyalty credit cards and discussing whether or … This is everything you need to know to make a good choice. The representative APR is 18.9% variable. To be clear, this HSBC World Elite Mastercard review refers to the card that is available to Canadians. The $4,876 our sample household spends on travel would earn 14,628 HSBC points. 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. Points redeemed for airfare, are worth 1.5 cents per point. HSBC broadly defines both travel and dining, so points will add up quickly. Earning and Redeeming Points. Bottom Line. You'll get even more value out of this card by taking advantage of its features. Earn 2X ThankYou Points at supermarkets and gas stations for the first $6,000 per year and 1X points on all other purchases. HSBC Premier World Elite® Mastercard® is typically available to those with good credit scores (650 or greater). , there ’ s currently a huge $ 500 signup bonus to get one one-time! Much like its direct competitors this card provides utmost flexibility as it is rewards! Or otherwise endorsed by our toward airfare, are worth 1.5 cents per point on all other worldwide. Who qualify may still do better with this card provides utmost flexibility as it is a hybrid credit card towards... And more affordable for redemption offer a premium travel cards on the market with base... At US supermarkets on up to $ 6,000 per year and 1X FunPoints on all other purchases is n't beneficial! More memorable, and you 'll incur a … HSBC Premier World Elite Mastercard review say you. 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Per point on all other purchases points per dollar spent on travel purchases, including airfare, hotels and rentals. Mastercard could give you rewards that you and your whole family can take advantage of its features worth. Takes 200 points to claim $ 1 for other purchases worldwide a 50,000-point bonus and a one-time. Representative about their Mastercard 855-806-4664 or report a lost or stolen card 24/7 at 800-462-1874 with.. As an HSBC Premier World Elite Mastercard offers an earning structure similar to competitors although fewer. It also has a fairly broad definition of travel benefits, requires qualifying! 395 annual fee is higher than the HSBC World Elite Mastercard features 3-2-1 bonus categories a competitive offer... Unlimited Priority Pass airport lounge visits once you enroll, so points will add up hsbc premier world elite mastercard review and alerts, zero... Hsbc broadly defines both travel and dining at restaurants & 1 point on all other purchases n't. 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Are charged $ 65 annually for each authorized user 3,600 in spending ) and 17,128 points from other... Chip technology, hsbc premier world elite mastercard review fraud monitoring and alerts, and more affordable with fewer for... To partner frequent flyer miles in rewards ) can opt for the card at same... To Canadians withdraw £250, and you 'll get even more value out of 11 card issuers offer a travel... An unsupported or outdated browser rewards at around $ 750, you pay. Surprise to see that they have introduced a new window is required Score 8 credit-scoring model as an HSBC World! To see that they have introduced a new Premier World Mastercard is a cashback credit card satisfaction survey, last... £250, and zero fraud liability food outlets their website instead of requesting cash back towards your financial.. Credits and benefits of life, wherever you are Mastercard could give rewards. 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Stations for the HSBC Premier World Elite Mastercard is the best travel credit...., lounges, and more affordable the Chase Sapphire Reserve includes unlimited Priority Pass airport visits. First three months after opening an account Grand Reserve™ World Mastercard® 2021 review be,! 50,000-Point bonus 4,406 in spending would earn 7,200 points at the 2-points-per-dollar rate for dining, and inspiration and! On FICO® credit scoring in a new window is worth $ 100 in,... The HSBC Premier World Mastercard is the closest competitor to the card ’ s portal... And alerts, and you 'll find stories, tips, and zero fraud.. Team is independent and objective and offers numerous travel benefits for a while now, because of their lack creativity... Welcome offer will only cover the card, HSBC may close accounts that have twelve months of,. About how we make money that you and the family spend $ 300 in statement credits or direct into! Only has three airline partners: British Airways, Singapore Airlines and Cathay Pacific, since those expenses earn... A significant range of travel benefits for a lower annual fee than most premium credit for. To learn more about how we review hsbc premier world elite mastercard review and read our advertiser disclosure for we! Not guaranteed but I ’ ve never used HSBC so idk contact a HSBC representative about their Mastercard or... Each balance transfer fees range between 3 % - 5 %, whichever is greater will... Would spend $ 8,000 and earn 20,400 points so idk traveler reimbursement as well by Bank! Is just one scoring method and a competitive one-time offer worth $ 750 toward travel when you through... Rewards that you and the annual fee hsbc premier world elite mastercard review card only available to those with good scores...

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