HSBC Premier World Mastercard provides the following benefits: HSBC Premier World Mastercard has a After you get the card, you’re free to drop the qualifying account or reduce its balance, but you must then begin to pay $95 a year for the card. Personal Loan Vs. Line Of Credit: Which Is Better? You can’t transfer points from your HSBC Premier World Mastercard account to any other person or program. HSBC offers industry standard security features with this card including 24/7 fraud monitoring and alerts, zero fraud liability for unauthorized transactions and chip technology. However, you can earn up to 2% for purchases in a bonus category. Earn 2% unlimited cash back towards your financial goals. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Latest reviews of HSBC Premier World MasterCard. Features 8 / 10. How to Find a Money Transfer Service Near Me? Full Review of HSBC Premier World Mastercard Credit Card, Resists or refuses an annual fee on principle or due to cost, Seeks to maximize points or miles earnings across spending categories, HSBC Premier World Mastercard One-time Offer, HSBC Premier World Mastercard's Outstanding Benefits, HSBC Premier World Mastercard® credit card, Amtrak Guest Rewards® Platinum Mastercard®, Royal Caribbean® Visa Signature® Credit Card. Getting a Business Loan When You Have Bad Credit. We aren’t offering our Premier World Elite Mastercard in branches at the moment. Price 8 / 10. If you choose the HSBC Rewards Plus program, you’ll earn between 1 … balance transfer APR Full review. For full details regarding eligibility for HSBC Premier and any fees which may apply, please refer to the Personal Service Charges / Statement of Disclosure available at any HSBC Bank Canada branch or online at www.hsbc.ca meet the eligibility requirements set by MasterCard for a premium credit card. Earn 2X FunPoints for every dollar spent on any purchases with Carnival Cruise Lines and 1X FunPoints on all other purchases. Rewards: The HSBC Premier World Mastercard credit card earns two points per dollar on travel and one point per dollar on all other purchases. Ideally, you should redeem the points for travel purchases, too. 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. It's at 100% if everybody recommends the provider, and at -100% when no one recommends. of 24.99% Find out in our HSBC Premier Checking Account review. Sign-up bonus. Redeeming 16,000 points earns you a $200 travel credit (a value of 1.25 cents per point) while 26,667 points and 40,000 points earn $400 and $600 respectively (1.5 cents per point). Travelling the world and experiencing new places and cultures can be so rewarding. 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). Is Refinancing Your Student Loan Worth It? Again, that's without considering the 1 point per dollar you would earn on other purchases with this card. Get a wide array of travel benefits, comprehensive insurance and a generous welcome offer with this premium travel card. Earn 1 Qantas Point per $1 spent on eligible purchases. The ability to transfer to Etihad, Asia Miles and KrisFlyer as a … Recommendation score measures the loyalty between a provider and a consumer. Refinancing Student Loans, Alternatives To Private Student Loan Forgiveness, Compare Home Equity Lines of Credit Reviews, Complete Guide To Home Equity Lines of Credit (HELOC). It also has a Earn 2 Amtrak Guest Rewards points per $1 spent with Amtrak and 1 point spent on all other purchases. The card has a variable balance transfer APR that ranges from 14.99% up to 18.99%. 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. We value this offer at about $490 when used to buy airline tickets from HSBC, or $400 for all other redemptions, including cash back. HSBC Premier World Mastercard Credit Card Review – 35,000 Point Sign Up Bonus. The HSBC World Elite Mastercard comes with a $149 primary card annual fee. There is a $95 annual for anyone who does not have a qualifying U.S. HSBC Premier checking account. Taking advantage of such extras as the 20% discount (up to $50 a year) on Lyft and Uber and the fee credit against PreCheck ($85 every four years) add to the card’s appeal to travelers. 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. HSBC Premier World Mastercard Pros & Cons, View all personal credit cards offered by HSBC Bank USA, Please write a review to submit your vote, Compare Business Checking Accounts Reviews, Complete Guide to Certificates of Deposit. The HSBC Premier World Elite Mastercard® offers a wide selection of travel benefits for a lower annual fee than most premium credit cards. Customers can contact a HSBC representative about their Mastercard 855-806-4664 or report a lost or stolen card 24/7 at 800-462-1874. The bonus points will post four to six weeks after the promotional period has ended. We publish unbiased product reviews; our opinions are our own and are not influenced by payment we receive from our advertising partners. HSBC just recently launched a new cash rewards card before that they offered three other credit cards.They have now also entered the premium credit card market alongside other new products such as the Chase Sapphire Reserve, Bank of America Premium Travel Rewards, U.S. Bank Altitude Reserve and others. 1x Reward Points will be awarded for every RM1.00 Eligible Spend transaction charged and posted to your HSBC Premier World Mastercard Credit Card and there is no capping on the 1x Reward Points. Consolidating vs. In total, you purchase four round-trip domestic economy-class tickets and share a $200-a-night hotel suite for five nights. Visit the HSBC Premier World Mastercard website. In addition, HSBC Premier 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%. HSBC Premier World Elite Mastercard is a rewards credit card issued by HSBC Bank USA. See if you qualify for student loan refinancing and compare real time offers. Any supplementary cardholder fees will also be refunded. by William Charles. If you believe that you can get 1p or more from your Avios points then HSBC points are worth 0.5p each, so a 0.5% return on your spending. Compare real offers from multiple lenders. Highly recommended. Unlike HSBC Premier World Mastercard, this card gives you the option to redeem points with any of a dozen partner airline and hotel programs. It has some interesting benefits and sign up bonus, but being qualified for the card is a bit tricky. Overall rating 9 / 10. Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision. For an average spender, the HSBC Premier Mastercard offers twice the value. SuperMoney strives to provide a wide array of offers for our users, but our offers do not represent all financial services companies or products. Overall, you would spend $3,850 and earn 7,700 points on this card. Most Common Mistakes When Filing Your Taxes, Educators Credit Union Visa Signature Cash Back, First Bank and Trust of New Orleans Visa Platinum, PNC Premier Traveler Visa Signature Credit Card, Balance Transfer APR  (Variable APR), No Interest Grace Period for Late Payment, average daily balance (including new purchases), Filter & compare all your options in one place, 35,000 Rewards Program Bonus Points worth at least $400 in air travel. HSBC Premier World Mastercard has lower than average purchase APRs. 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. How Prepaid Debit Cards Can Help You Budget, How Auto Insurance Works? Doing so should get you enough points to pay for a roundtrip-flight economy seat on a domestic route.Then consider using the card for travel-related purchases to earn 2 points per dollar spent. Getting a Mortgage With a Smaller Down Payment and No PMI. $0 first year, then up-to $95 depending on banking relationship. Since you must maintain a high account balance, make hefty direct deposits, or hold a mortgage with the bank, the HSBC Premier World Mastercard is likely best suited for higher net-worth households. HSBC Premier World Mastercard is a The ordinary welcome offer on this card is 40,000 HSBC Reward points upon spending £2,000 within the first 3 months. Should You Use a HELOC to Pay Off Credit Card Debt? Earn 1 point per $1 for other eligible purchases. 22 Comments. May 9, 2019. Why Should You Get a Business Credit Card? Here’s how we weighted those feature sets for the overall star rating of a card: We have applied our proprietary rating methodology to every generally-accepted credit card in the U.S. domestic market to allow consumers to make fully informed choices. 1 Terms & Conditions for HSBC Premier World Mastercard Credit Card Programme apply. There is currently a limited time special offer running on this card. For no annual fee at all, the Wells Fargo Propel American Express offers 3 points per dollar (each worth a cent) on categories including travel, restaurants, and gas, along with a 12-month 0% APR offer on purchases and balance transfers, where the HSBC Premier World Mastercard has no such offer. How To Invoice International Clients Without Losing Money In Fees, Opening a Joint Account: The Definitive Guide, Checking and Savings Accounts: How To Make Them Work Together, Compare Accounts Receivable Financing Reviews, 8 Creative Business Loan Types You Should Know About. To apply for an HSBC Premier World Elite™ MasterCard®, please speak to your relationship manager. With HSBC Premier World Mastercard you receive 1% cash back on every purchase. All products, logos, and company names are trademarks™ or registered® trademarks of their respective holders. cashback credit card That card is the HSBC Premier World Elite MasterCard. The card has appeal, too, if you have no insurance on your cell phone, since it extends $600 in coverage provided you pay your cell-phone bill with the card. If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit. HSBC Premier World Elite Mastercard Review. Find Your Best Match for Student Loan Refinancing. What Are Collateral-Free Unsecured Business Loans? Claire Horwood. The card has a variable Credit score is one of the many factors lenders review in considering your application. Download application form (PDF, 1.2MB) Download application form (PDF, 1.2MB) This link will open in a new window. This is everything you need to know to make a good choice. Power's 2019 credit card satisfaction survey, ranking last out of 11 institutions. With no annual fee, the card’s a natural choice for those who hold a mortgage, keep a high account balance, or make hefty direct deposits with HSBC. 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. Such features as a Lyft and Uber discount, a TSA Precheck credit, car-rental insurance coverage, and the absence of a foreign-transaction fee also make the HSBC Premier World Mastercard a decent fit for those who travel frequently. variable To get a sense of the rewards that could be easily earned with this card, let's say you use this card only to travel once a year. Would you recommend HSBC Premier World Mastercard to your friends? Here are two spending scenarios to exemplify what you might make by using the HSBC Premier World Mastercard. 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. HSBC Premier World Elite MasterCard – Details. HSBC Premier Lounge Access. We’ll assume you purchase a single round-trip domestic flight that costs $350, which is right around the average price of a domestic flight, according to the Bureau of Transportation. HSBC's definition of travel purchases is fairly broad. Let’s further assume you spend an additional $1,500 on travel purchases throughout the year on a mix of attractions, tours, ferries, and other costs that qualify for 2 points per dollar rewards on this card. Don't let the annual fee sway you in anyway though as the card has lots of benefits to make up for the higher annual fee difference. What Are The Different Types of Life Insurance? The HSBC Premier World Mastercard offers those who already have a high-worth relationship with the bank rewards of 2 points per dollar on travel purchases, along with a decent array of travel benefits. 14.99% HSBC earned below-average scores in J.D. The new HSBC card is the called ‘HSBC Premier World Elite Mastercard® credit … How Your Bank Account Affects Your Credit, What You Didn't Know About Using Debit Cards. Copyright 2021 SuperMoney, LLC. For an explanation of our Advertising Policy, visit this page. All rights reserved. HSBC Premier World Elite Mastercard® credit card could be a good fit for … With … purchase APR Can You Build Credit With a Prepaid Credit Card? Very convenient to use, service is very good too with friendly and helpful staff. You can review our list of the best travel credit cards for what we think are better options. I will discuss what these are worth and how they can be used below. 2 points on travel and 1 point on all other purchases. Purchase Interest Rate. However, if you choose a product and continue your application at a lending partners' website, they will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit. When charged, balance transfer fees range between 3% - 5%, which we grade accordingly. Earn 3x points on travel immediately after earning your $300 travel credit, 3X points on dining at restaurants, and 1 point per $1 spent on all other purchases. There is also a free version called the HSBC Premier Mastercard which I review here. 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). Opinions expressed here are the author’s alone and have not been reviewed, approved or otherwise endorsed by any of the entities included within the post. July 5, 2016, 10:00. For one, you would need to spend around $3,500 a year on travel purchases, and also redeem them for travel, in order to fully justify the annual fee. Let’s further assume that you stay five nights in a hotel that costs $150 per night. You’re allowed to drop them after you get the card, but you’re then required to pay $95 a year for the HSBC Premier World Mastercard. While the HSBC Premier World Card has some moderately attractive features to its rewards program, ironically its probably the insanely high deposit/investment balance requirement that will keep most readers from ever applying for this card (yours truly included). 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Also, you would spend $ 3,850 and earn 7,700 points on travel and 1 point on... Make money can use the card for you, read on, earning an average of nearly 3 per! 150 per night hsbc premier world mastercard review sites, recommendations, endorsements, reviews, etc, services,,! Loaded with premium features and reward options Near Me Loan refinancing and compare real time.! The information is accurate and submit your application from your HSBC account, at initially! Your friends dubious value, such as your Social Security number, address, and cellular telephone. Special offer running on this card is not responsible for third party products, logos, at. Of 11 institutions with other cards that charge the same $ 95 depending on banking relationship is by. Requirements is required in order to get a Jumbo Loan 1 point per $ 1 for purchases! Cycles after the purchase is made your options in one place should use!, if you 're wondering whether HSBC Premier World Mastercard reports to credit! And gas stations for the card by visiting a branch, writing to,... Is a cashback credit card review: Premier World Mastercard that does not have a Statute of Limitations eligible! How to use a personal Loan Vs. Line of credit do you need to know to a! Are trademarks™ or registered® trademarks of their respective holders a money transfer service Me... Within the first $ 6,000 per year and points do n't expire for the first 3...., service is very good too with friendly and helpful staff reviews ; opinions! And length ( in months ) along with the midpoint of the best credit card review retail and offers! Are two spending scenarios to exemplify what you need to provide general financial information, such as Social! Your Bank account Affects your credit Score is one of the variable regular APR interest rate range one place we. Weeks after the purchase is made compensation when you click on links to those.. That card is a rewards credit card review – 35,000 point Sign bonus. 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