How Will Your Payment Arrive? However, in order to apply for the card, you must be an HSBC Premier Checking customer, which requires strict membership eligibility. Earn 2 points per $1 at US supermarkets on up to $6,000 per year. There’s no banking relationship required to apply. There are two versions of the card. Finally, let's say that you and the family spend $300 per month for the family on dining. We'll assume that each way you purchase a domestic round-trip ticket that costs $350, which is around the average price of a domestic flight, according to the Bureau of Transportation. Then after qualifying, you must pay a steep annual fee of $395 for the card. In addition, you charge $200 per month in dining purchases on this card; that $2,400 in annual spending earns 2 points per dollar spent, for a total of 4,800 points. The HSBC Premier World Elite Mastercard® * offers a wide selection of travel benefits for a lower annual fee than most premium credit cards. £3). Cardholders get chip technology, 24/7 fraud monitoring and alerts, and zero fraud liability. Becky Pokora is an avid traveler with a particular love for the outdoors. 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. Cash back and gift card redemption rates will vary. 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. There's a 35,000-point bonus offer after spending $3,000 in the first three months after opening an account. You’d outearn the HSBC Premier World Elite Mastercard overall and no banking relationship is required. 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. To learn more, speak with an HSBC Premier Relationship Manager. You probably can’t get the Premier Elite card in this case. Earn 2X FunPoints for every dollar spent on any purchases with Carnival Cruise Lines and 1X FunPoints on 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. HSBC Premier World Mastercard Review. The Prestige offers a more generous earnings structure since it provides 5 points per dollar spent on airfare and dining purchases and 3 points per dollar on hotels and cruises. Earn 1% in Disney Rewards Dollars on all card purchases. Deposit products offered in the U.S. by HSBC Bank USA, N.A. 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwide. HSBC Premier World Elite Mastercard® Credit Card review. 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. HSBC Premier World Elite Mastercard Review. Customers who prefer cash back can request statement credits or direct deposit into their HSBC checking account. The strict eligibility requirements will immediately exclude many people from applying for this 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. That spending will allow you to earn the card’s 50,000-point bonus. About the HSBC Premier World Elite card. HSBC Premier World Elite® Mastercard® is typically available to those with good credit scores (650 or greater). Conditions Apply. 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. by William Charles. 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. Much like its direct competitors this card provides utmost flexibility as it is a hybrid credit card. The bonus points post four to six weeks after the promotional period has ended. It also offers a 10% discount on select hotel stays. What Exactly Can Be Taken From You In A Lawsuit? 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. With a $395 annual fee, the welcome offer will only cover the card's cost for one year. The HSBC Premier World Elite Mastercard® credit card is a travel rewards card designed for big spenders who love to travel frequently. There's also a 50,000-point bonus and a $300 annual travel credit. That’s triple the amount that HSBC offers and it can be used toward hotels and other travel expenses in addition to airfare. HSBC Premier World Elite Mastercard Review. You earn 2 points per dollar on travel purchases and 1 point on all other purchases. This is just one scoring method and a credit card issuer may use another method when considering your application. All other purchases on the card earn 1 point per dollar spent. 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”). Key facts: No annual fee, card only available to HSBC Premier current account holders. 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. Any supplementary cardholder fees will also be refunded. 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. Credit score is one of the many factors lenders review in considering your application. 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. 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. 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. Must apply by December 28, 2020. Harley-Davidson Visa Credit Card 2021 Review, Grand Reserve™ World Mastercard® 2021 Review, Emirates Skywards Premium World Elite Mastercard® 2021 Review. If you're wondering whether HSBC Premier World Elite Mastercard is the right card for you, read on. * 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. 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