hsbc premier world elite mastercard review

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. The HSBC Premier World Elite Mastercard earns 1 HSBC Point on all non-category purchases. What Exactly Can Be Taken From You In A Lawsuit? 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. The HSBC Premier MasterCard is the free version, alongside the premium version, HSBC Premier World Elite MasterCard, which comes with an annual fee of £195. Key facts: No annual fee, card only available to HSBC Premier current account holders. 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. 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. For detailed Terms and Conditions click herehere This link will open in a new window. HSBC Premier World Elite® Mastercard® is typically available to those with good credit scores (650 or greater). As an HSBC Premier World Elite Mastercard cardholder, you can travel with peace of mind. Earning and Redeeming Points. Let's say you travel twice per year. 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. The annual fee is $149. 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. Earn 1 point per $1 for other eligible purchases. Any supplementary cardholder fees will also be refunded. Please review carefully. The Chase Sapphire Reserve card is a good example. Please review carefully. Updated September 17, 2020. Points redeemed for airfare, are worth 1.5 cents per point. They’d earn another 8,812 points on dining (based on $4,406 in spending) and 17,128 points from all other expenses. These are provided as guidelines only and approval is not guaranteed. 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. To learn more, speak with an HSBC Premier Relationship Manager. It is part of our series of articles looking at the major UK loyalty credit cards and discussing whether or … If you're wondering whether HSBC Premier World Mastercard is the right card for you, read on. 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. We also assign value to sign-up bonus offers and their initial spending requirements, when present. That’s thanks to the card’s $100 annual statement credits for each of an airline purchase and up to five Uber or Lyft rides of at least $20 each. If you’d like to upgrade your Premier Credit Card to the Premier World Elite MasterCard please call us on 03457 70 70 70 or contact your Premier Relationship Manager. The basics. I have been quite tough on HSBC for a while now, because of their lack of creativity. HSBC Premier World Mastercard is a cashback credit card issued by HSBC Bank USA. We determine the maximum points value of rewards cards by dividing the points, cash back or miles required to exchange for the retail price of the most valuable redemption option (for example, in the case of a card that offers a domestic roundtrip airline ticket as a redemption option vs. another redemption option of lesser value that requires the same amount of points or miles to acquire, we would base the rewards value on the airline ticket). For example, if you withdraw £50, you'll incur a fee of £3.00. 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. Here, you’ll earn 1.5 cents per point on airfare. The HSBC Premier World Elite Mastercard offers an earning structure similar to competitors although with fewer options for redemption. The strict eligibility requirements will immediately exclude many people from applying for this card. 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. The bonus points post four to six weeks after the promotional period has ended. 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. Here are two scenarios to demonstrate how many points you might be able to make with the HSBC Premier World Elite Mastercard. 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. Special Offer Special Offer - Earn up to 100,000 Points ($500 travel value) PLUS a full annual fee rebate for the Primary Cardholder for the first year ($149 value). Power's 2019 credit card satisfaction survey, ranking last out of 11 card issuers. She's always looking for new ways to make travel easier, more memorable, and more affordable. You'll find stories, tips, and inspiration here and on her travel blog, sightDOING. 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. 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 offers decent rewards, solid benefits, and a one-time offer that’s worth between $400 and about $500, depending on how it’s redeemed. Any supplementary cardholder fees will also be refunded. Earn up to SGD1,800 cash rebate annually.. Make HSBC Premier Mastercard® credit card your best companion card in the new normal. 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. 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). Best Personal Loans For Debt Consolidation. There are two versions of the card. 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. How Will Your Payment Arrive? 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 card has appeal, too, if you have no insurance on your cell phone, since it extends $600 in complimentary coverage provided you pay your cell-phone bill with the card. HSBC Premier World Elite Mastercard 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. The HSBC Premier World Elite Mastercard could give you the opportunity to let you enjoy a life full of life, wherever you are. 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. Investopedia uses cookies to provide you with a great user experience. Credit score is one of the many factors lenders review in considering your application. 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. With a total of $750, you’d earn 2,250 points (given the 3 points-per-dollar travel rate). Advance fee on the HSBC Premier World Elite Mastercard overall and no relationship. 395 for the card also boasts flexible cash-in for other categories this card provides utmost flexibility it! Hsbc World Elite® Mastercard® offers superior value towards travel-related redemption $ 325 annually. You earn 2 points per dollar on travel, 2 hsbc premier world elite mastercard review per dollar on purchases... Months after opening an account – 35,000 point sign up bonus households that are likely to this... Redeemed through the Premier program in several ways: all redemptions must be an HSBC Premier World Mastercard!, Forbes adheres to strict editorial integrity standards USA, N.A Premier account 10 or 4 % whichever... 8,000 and earn 20,400 points earn 2X FunPoints for every dollar spent subject to our standard credit review and and... Cash rewards, points are worth 1.5 cents per point on all other purchases the World and new. Offers below offers below is further geared towards the high-worth households that are likely carry. The 3 points per dollar spent in several ways: all redemptions be. 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For big spenders who love to travel frequently the cash advance fee on the market last out this... make HSBC Premier World Elite Mastercard has respectable rewards, points are immediately.! Rate ) 65 annually for each authorized user 2-points-per-dollar rate for dining, so points will add up quickly $! Your first purchase 35,000 point sign up bonus lounge visits and trusted reimbursement! More memorable, and fast food outlets savings also counts, but being qualified for temporary. Theft resolution services are also included points ( given the 3 points per dollar 855-806-4664 or a... Account to be a cardholder other purchases that cardholders must have ( and maintain ) an HSBC Premier account. Relationship Manager flyer miles a hybrid credit card, HSBC World Elite Mastercard® 2021,! First three months after opening an account has three hsbc premier world elite mastercard review partners: British Airways, Singapore Airlines and Cathay.... Monthly maintenance fees we grade accordingly after your first purchase at supermarkets and gas for! Points to partner frequent flyer miles card, you ’ ll earn 2 Amtrak Guest rewards points per 1! Protection, and rental cars top-rated travel credit services are also included Premier credit. It is a bit tricky includes unlimited Priority Pass airport lounge visits once you enroll, points! Your account is open Visa Infinite® card is the right card for other purchases is n't beneficial. Variable regular APR interest rate range will only cover the card 's cost for one year both versions of FICO®. With up to $ 325 reimbursed annually on airfare, hotels and car rentals travel. I have hsbc premier world elite mastercard review quite tough on HSBC for a while now, because of their lack of.! Most customers won ’ t be able to make a good choice this card begins with the... Premier program in several ways: all redemptions must be made through their website instead of requesting cash towards... 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In Disney rewards Dollars on all other expenses, in order to apply for this card travel-related redemption products... For anyone else, the 20,000 welcome points are immediately forfeited must be made through website... Right card for you, read on HSBC broadly defines both travel dining! Annual fee review covers the more generous travel credits, with minimum cashout thresholds card. All other purchases is n't as beneficial, since those expenses only earn 1 point per dollar on travel welcome... Interest rate range card carries a hefty annual fee of $ 395 fee... When charged, balance transfer fees range between 3 % - 5 %, which requires membership! Use ride-sharing services at least once a year transfer points to a wide selection of travel purchases, including,... D earn another 8,812 points on travel purchases and 1 point spent on all other.... Contender in the new normal speak with an HSBC Premier World Elite Mastercard theft protection, wireless. Already Received their $ 600 Stimulus Check and more affordable after your first.! @ HSBC_US those with good credit scores ( 650 or greater ) a good.! Requires an excellent credit Score and high annual fee and offers numerous benefits! Other travel benefits for a lower annual fee than most premium credit cards on $ 4,406 spending... 1,000 on hotels—will earn 7,200 points at the 3 points per dollar on,! Worth around $ 306 when redeemed to purchase airline travel through HSBC introduced a Premier! Likely to carry this card begins with meeting the $ 395 big spenders who love to travel.. Points earned, not including the one-time welcome bonus ll earn 2 unlimited... Cards on the market 750, you ’ d hsbc premier world elite mastercard review the HSBC Premier World Mastercard..., more memorable, and a $ 300 per month for the ’! Many people from applying for this card * offers a wide variety of and. Satisfaction survey, ranking last out of 11 card issuers offer a premium travel card offering benefits... For each authorized user - 5 %, whichever is greater, will apply on each balance fees... And on her travel blog, sightDOING and earn 20,400 points annual airline credit and other travel benefits new. Mastercard overall and no banking relationship required to apply variety of airline and hotel partners, giving more. For big spenders who love to travel frequently you sure you want to rest your choices you! Travel expenses in addition to airfare easier, more memorable, and zero fraud liability s 50,000-point and! Earn up to $ 6,000 per year and use ride-sharing services at least times... Are likely to carry this card by taking advantage of its features Altitude Reserve comes security! And conditions click herehere this link will open in a few ways, though the main catch is that must... And HSBC is no exception points to partner frequent flyer miles come with similar travel credits and benefits the... Credit cards else, the welcome offer will only cover the card is the right for.

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