HSBC Premier World Elite Mastercard Review
Welcome Bonus – 20,000 Points ($100 travel value)
Recommended Credit Score:
670 900
Average to Excellent
$100
Welcome Bonus Value
$149
Annual Fee
19.99%
Purchase Interest Rate
NA
Min Personal Required
HSBC Premier World Elite Mastercard
My Rate Compass Rating: star star star star star_outline (4)
Bank Name:HSBC
Network Type:Mastercard
HSBC Premier World Elite Mastercard
Welcome Bonus
Welcome Bonus – 20,000 Points ($100 travel value)
Annual Fee
$149
HSBC Premier World Elite Mastercard
Card Details

HSBC Premier World Elite Mastercard Review

Welcome Bonus – 20,000 Points ($100 travel value)

HSBC Premier World Elite Rewards Program

Earn 3% in travel rewards on all eligible travel purchases (6 Points per $1) and 1.5% in travel rewards on all other eligible purchases(3 Points per $1).


The information related to HSBC Premier World Elite Mastercard has been collected by My Rate Compass and has not been reviewed or provided by the issuer or provider of this product or service.
Insurance
  • Priority airport services No
  • Airport lounge access Yes
  • Concierge service No
  • Balance protection(Optional) No
  • Purchase Security & Extended Protection Insurance Yes
  • Flight delay insurance,Baggage Insurance Yes
  • Vehicule rental insurance Yes
  • Travel accident insurance No
  • Travel medical insurance Yes
Fees and Eligibility
Fees
  • Annual Fee: $149
  • Additional Card Fee: $50
  • Purchases Interest Rate: 19.99%
  • Cash Advance Interest Rate: 22.99%
Eligibility
  • You're a Canadian resident
  • You've reached the age of majority in your province or territory
Recommended Credit Score:
670 900
Average to Excellent
Our Rating
My Rate Compass Rating: star star star star star_outline (4)
Rating Methodology: My Rate Compass's ratings are determined by our editorial team. Our editors rate credit cards objectively based on the benefits and features the credit card offers, interest rates, the fees, and how a credit card compares with other cards in its category. Credit card rating methodology
Editorial Guidelines: Learn more about our editorial guidelines here.
Pros and Cons

No foreign transaction fees

Save on all your foreign currency purchases (even online) with no additional foreign currency conversion charges. Only the exchange rate will apply.

$100 annual travel enhancement credit

Redeemable towards select airline seat upgrades, airline baggage fees and airport lounge passes.

31-day insurance coverage

Worldwide Emergency Travel Medical insurance. Enjoy longer trips with greater peace of mind (This coverage is only available if the primary cardholder and spouse are under age 65. Please note that travel in Cuba is not covered.)


Editor's Review

This credit card is quite similar to the HSBC World Elite® Mastercard®, but with a few slight differences and improvements. It costs $149 a year, offers you 60,000 bonus points at sign-up, and allows you to enjoy it for free during the first year thanks to the first-year full rebate.

 

If you're already an HSBC Premier client, you'll be able to benefit from a rebate of $50 of your yearly fee. This means you'll only have to pay $99 a year. If you live in Quebec, you'll also gain access to up to 80,000 bonus points worth $400 in travel.

 

Note that this card is available exclusively for HSBC Premier clients. To capitalize on its perks, you need to be a Canadian resident, have an income of over $80k as an individual or $150k as a family, reach a total mortgage of $500k, or deposit over $6,500 to your HSBC Premier account.

 

With this card, you'll earn 6 points for every $1 spent on travel purchases, plus 3 points for any other purchase. You also gain access to a $100 annual travel enhancement credit, LoungeKey access to over 850 airport lounges worldwide, gain 10% on Agoda and HSBC Expedia websites, and also get a wide range of coverage insurance.

 

To top it all, this card comes with no foreign transaction fees, 24-hour worldwide assistance, and insurances to give you the peace of mind that you are protected.

..