Welcome Bonus of 20,000 Points (up to $100 value) PLUS apply by September 27th and get an additional 20,000 Points (up $100 value) when you spend $5,000 within 6 months of account opening*, and get a 1st Year annual fee waiver for Primary Cardholder*($149 value/$99 value), earn 10,000 Points (up to $50 value) for adding your 1st Authorized User*, and receive an additional 20,000 Points (up to $100 value) as an Anniversary Bonus*
This offer is only available to residents of Canada other than the province of Quebec (Quebec residents eligible for separate offer)
*Terms and Conditions apply
®/TM Mastercard and World Elite are registered trademarks, and the circles design is a trademark of Mastercard International Incorporated. Used pursuant to licence
|Annual Interest Rates||
These interest rates are in effect on the day your HSBC Mastercard account (“Account”) is first issued.
Late or Missed Payments
If you do not pay the Minimum Payment in full by the due date on your Account statement two billing periods in a row (the “first” and “second” billing periods), your interest rates in effect at the end of the third billing period will increase by 5% per year. The increased rates will apply on the first day of the fourth billing period and will continue to apply until you qualify for a rate decrease.
If you pay the Minimum Payment in full by the due date on your account statement six months in a row (the “first” through “sixth” billing periods), your previously increased rates in effect at the end of the seventh billing period will decrease by 5% per year. The decreased rates will apply on the first day of the eighth billing period.
|Interest-free Grace Period||
You will benefit from an interest-free grace period on new Purchases and fees of at least 21 days if you pay off your balance in full by the due date.
There is no interest-free period on Cash Advances including Quasi-cash transactions, Balance Transfers and Cheques.
Interest begins to accrue on Purchases, Cash Advances including Quasi-cash transactions, and fees from the date of the transaction and on Balance Transfers and Cheques from the date posted.
Your minimum payment is the greater of $10 and 5% (if you reside in Quebec) or 3% (if you reside outside Quebec) of the total outstanding amount (rounded to the next dollar), plus all past due amounts and amounts over your credit limit. If the total outstanding amount is less than $10, then the Minimum Payment is equal to the total outstanding amount.
|Foreign Currency Conversion||
We will bill you in Canadian currency if you use your Account to make transactions in foreign currency. If you make (or return) transactions in a foreign currency, we convert the amount to Canadian dollars at the benchmark foreign currency exchange rate determined by Mastercard that is in effect and that we must pay on the date we post the transaction to the Account. This rate may be different from the rate in effect on the date you made the transaction.
Primary card fee: $149
Supplementary card fee: $50 for each Authorized User on your Account. You may have up to four Authorized Users on your Account.
The annual fees will be charged on the first statement date after the card is issued (regardless of activation) and annually on the anniversary of your account.
If you add an Authorized User after your card is first issued, a pro-rated supplementary card fee will be charged on the first statement date after the supplementary card is issued (regardless of activation). The amount of the fee will be pro-rated for the number of months remaining between the day the fee is charged and the next anniversary of your account. After that, as long as the card remains issued, a $50 supplementary card fee will be charged for that card annually on the anniversary of your account.
To be charged on the date of the transaction:
To be charged on the date the transaction is posted:
To be charged on the statement date:
We may change the interest rates and fees from time to time. Please read the Cardholder Agreement for more information.
The HSBC World Elite Mastercard is a premium credit card. This means it imposes higher card acceptance costs on merchants.
To apply for an HSBC World Elite Mastercard, you must:
If you do not meet the above eligibility requirements or prefer a different card, you may be eligible to apply for another HSBC Mastercard which has different rates, fees and benefits. Speak to an HSBC representative or visit hsbc.ca for more information about the HSBC Mastercard that is right for you.
® Mastercard, World Elite and Cirrus are registered trademarks of Mastercard International Incorporated. Used pursuant to license.
Receive a complimentary membership to Mastercard Airport Experiences Provided by LoungeKey with your HSBC World Elite Mastercard, offering you access to over 850 airport lounges worldwide.Please note that there will be a charge of US$32 per person for each visit.
Connect up to four devices at airports, hotels and popular places around town
The HSBC World Elite® Mastercard® is a modern rewards card that is quite useful for any clients who are using their credit cards for any type of purchase. With this card, you can get 6 points for every $1 you spend on eligible travel purchases, 3 points per $1 spent on all other eligible purchases.
This card also comes with no foreign transaction fees, 31-day emergency travel medical insurance coverage, a 10% discount on hotel bookings, unlimited Wifi through Boingo, extended warranty, purchase assurance, and $100 travel enhancement credit.
The HSBC World Elite® Mastercard® costs $149 a year and comes with a standard interest on purchases of 19.9% and interest on balance transfers and cash advances of 22.9%.The current Welcome Bonus is 20,000 Points (up to $100 value) PLUS apply by September 27th and get an additional 20,000 Points (up to $100 value) when you spend $5,000 within 6 months of account opening*, and get a 1st Year annual fee waiver for Primary Cardholder*($149 value/$99 value).
You can also earn 10,000 Points (up to $50 value) for adding your 1st Authorized User*, and receive an additional 20,000 Points (up to $100 value) as an Anniversary Bonus*
You can use all points accumulated on this card to purchase airplane tickets to the airline partners of HSBC, which are British Airways, Singapore Miles and Asia Miles. As for medical travel insurance, this card is one of the absolute best, coming with $1 million in medical insurance, $500,000 in common carrier travel insurance, $750 for lost or delayed baggage, $5,000 trip cancellation in total, and another $65,000 in auto rental collision insurance.
You can track your rewards and make a redemption by logging into HSBC’s website or by calling 1-866-611-4722. HSBC rewards points can be redeemed for travel, experiences, merchandise or personal finances. A breakdown of each category can be found below.
The value of a HSBC point varies immensely depending on what you choose to make a redemption for. The value of each point is estimated below based on rewards type.
As you can see, members obtain the most financial value when redeeming on travel and experiences. The least financial value is obtained when using points for personal finance purposes.
Keep in mind that qualitative aspects of the loyalty program should be considered when making a redemption too. If you receive the greatest intrinsic value when redeeming for merchandise, then you should use your points for that. After all, the program is for your personal benefit, use it for that purpose!
So long as your account is in good standing, your points will never expire. Keep in mind that HSBC, like many other loyalty program hosts, have the right to cancel your rewards at any time. A common reason they would cancel your rewards is if you continuously failed to make payments on your account.
It is possible to transfer HSBC rewards to another loyalty program. However, you must have an eligible credit card and the program you want to transfer to must be affiliated with HSBC.
Only the World Elite Mastercard, Premier World Elite Mastercard and Premier World Mastercard allow for point transfers. Asia Miles, KrisFlyer Miles and British Airway Executive Club are affiliated frequent flyer programs. Unfortunately, popular travel loyalty programs, such as Aeroplan and WestJet Rewards, are not compatible. The rate of transfer is as follows:
You can check your HSBC points balance using one of the following options:
The answer is likely yes. It does not say anywhere in the terms and conditions that points cannot be used to cover taxes and fees. This communicates that points can be put towards taxes and fees. In addition, members can make a travel-based purchase and have the full amount, which would include taxes and fees, refunded using HSBC points.
No, there are no blackout dates or seat restrictions.
You can earn HSBC rewards faster by spending more on your HSBC credit card or by upgrading to a credit card that earns points at an accelerated rate.