Links on Head for Points may pay us an affiliate commission. For … The American Express Preferred Rewards Gold credit card offers 20,000 Membership Rewards points for signing up and is free for the first year. Your email address will not be published. You pay abroad with your Currensea Mastercard debit card. What are the most valuable credit card sign-up bonuses? UK airline and hotel credit card reviews can be found here, click here to get your free Experian Credit Score, HSBC Premier World Elite Mastercard application form, HSBC Premier Mastercard which I review here, We discussed the UK lounges which accept LoungeKey in this 2018 article, see my American Express Platinum review for details, You can find more details in this PDF brochure, outlines our view of what an Avios point is worth, The HfP chat thread – Sunday 24th January. The representative APR is 59.3% variable, including the annual fee, based on a notional credit limit of £1,200. However, there is a 2.99% foreign transaction fee for all purchases in foreign currencies, which largely cancels out the points earned with foreign currency bonus category. Points can be earned through HSBC’s credit cards like the Premier World Elite Credit Card. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Fortunately, this is offset by a generous 40,000 HSBC Reward points after spending £2,000 in the first 90 days you hold the card. Unfortunately there are no travel rewards card without a foreign exchange fee. £195. These individuals may be more focused on premium, lucrative American Express cards but American Express isn’t accepted everywhere. HSBC Premier Lounge Access. The HSBC Premier World Elite Mastercard® * offers a wide selection of travel benefits for a lower annual fee than most premium credit cards. The information, including card rates, product pricing and fees, presented in the review is accurate as of the date of the review – please check product pages for the most current information. Currensea is a simple but clever idea. We discussed the UK lounges which accept LoungeKey in this 2018 article – it is a decent list, although many are currently closed. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It becomes even more so if you pair it with a similarly high-earning American Express card for big spenders. These will not arrive in your account until after your 12 months of membership irrespective of how quickly you hit the spending target. You could then convert those HSBC points into, 52,000 Avios, which are worth £624 based on TPG UK’s latest valuations. However, this card has extremely restrictive eligibility requirements, which will exclude many hopeful travellers from applying. For an explanation of our Advertising Policy, visit this page. ©2021 Head for Points. Unless you are already a HSBC Premier customer, however, you need to weigh up whether you really want to move your banking over to HSBC for a benefit lasting only two years. that said, some of the games can double dip so MAYBE i don’t need extra spendings to hit 32K (10+10+12), Your email address will not be published. Another option is to get a free card from Currensea. The Points Guy UK will not sell your email. As well as opening a HSBC Premier current account, you must ALSO have £50,000 invested with HSBC, either in a savings account or via an investment product. For an average spender, the HSBC Premier World Elite Mastercard offers far more value as long as you believe that you can justify the £195 annual fee. I think most people would struggle to justify the £195 fee for the third and subsequent years. Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. To qualify for the HSBC Premier card you’ll need to pay your annual income into a HSBC Premier … Yes, to the extent that you receive double points for foreign spending. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). The geographic base of these airlines is, perhaps not surprisingly, a good fit with HSBC’s main business focus these days. So, the earn rate is effectively 1 airline point/mile per £1 spent on local purchases, which is an excellent rate for a non-American Express card. This review covers the more generous, premium version. A sign-up bonus of 40,000 airline miles – even with a £195 annual fee (which must be paid for two years) and £12,000 spend target – deserves to be looked at closely. The current sign up bonus for the HSBC World Elite Mastercard is 20,000 points after your … Premier World Elite Mastercard: As set out in any offer made to you Card Feature: Representative Example (on an assumed credit limit of £1200) Premier Credit Card: 18.9% APR (variable) Representative . … By recommending credit cards on this site, I am – technically – acting as a credit broker. You can block cookies via your browser settings. This post contains references to products from one or more of our advertisers. If you spent £12,000 on GBP purchases in the first twelve months, you would receive a total of 104,000 HSBC points — two 40,000-point bonuses plus 24,000 for the 2 points per £1 spend rate. What is so bad with app? Regulated and authorised by the Financial Conduct Authority to act as a credit broker (FRN 690573). See here and scroll down to see the criteria. Purchases on this card earn HSBC Reward points, which are their own unique currency. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. I did a quick search and found a review … How do BA American Express companion vouchers work? We’re the UK’s leading source of business travel, Avios, frequent flyer and hotel loyalty news. Is Marriott Bonvoy the best hotel loyalty scheme? See a whole year of reward seat availability on one page at SeatSpy.com. There is also a free version called the HSBC Premier Mastercard which I review here. But HSBC is clearly targeting this at customers who already have significant money with HSBC, or the means (and desire) to do so. © 2021 THE POINTS GUY, LLC. Nothing here should be construed as financial advice, and it is your own responsibility to ensure that any product is right for your circumstances. In order to apply, you need to have an HSBC Premier current banking account, which by itself does not sound onerous, but the requirements for opening this bank account are: This card is squarely aimed at high-net-worth individuals who likely already have some serious money invested with HSBC. Don't let the annual fee … You need to be an HSBC Premier account holder with a minimum individual income of $80,000 or a household income of $150,000 to qualify. We also use third-party cookies that help us analyze and understand how you use this website. You will receive access via the LoungeKey scheme to a large number of airport lounges. You also have the option to opt-out of these cookies. The first is that the airline rewards programme – whilst VERY generous – is a sideshow to the rest of the card. Yes. You will also earn a further bonus of 40,000 HSBC points when you spend £12,000 on the card in the first 12 months (so £1,000 per month). It is part of our series of articles looking at the major UK loyalty credit cards and discussing whether or not they are worth applying for. For some people, however, HSBC Premier World Elite will be the right choice if you want airport lounge access. These articles are linked to the relevant sections of the ‘Credit Card Offers‘ area in the menu bar. Make of that what you will. The HSBC World Elite® Mastercard® is a premier travel credit card for people who enjoy frequent trips and meet certain income requirements. If you have children, note that there is no way of getting a child into an airport lounge for free with LoungeKey. HSBC Premier has tough eligibility criteria. This site does not include all credit card companies or all available credit card offers. The HSBC Premier Mastercard is – in terms of miles earned – still the most generous free Visa or Mastercard currently available if you want to earn Avios. The HSBC Premier World Elite Mastercard comes with a $100 annual airline credit and other travel benefits, though it requires a qualifying HSBC Premier account. 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. Continuing implies your consent to this policy. It is mandatory to procure user consent prior to running these cookies on your website. As a HSBC Premier World Elite MasterCard holder, you will have access to over 500 Airport Lounges around the world brought to you by LoungeKey. £3). As an HSBC Premier World Elite Mastercard cardholder, you can travel with peace of mind. Decent sign-up bonuses make it very attractive. However, you can get a supplementary card for your HSBC Premier World Elite Mastercard for a £60 annual fee and that person can then access lounges with that. If you’re looking for a premium travel card with a wide range of frequent flyer benefits, then the HSBC Premier World Elite Mastercard … The card comes with a premium LoungeKey membership, which is similar to the Priority Pass program, with complimentary membership to more than 750 airport lounges worldwide. You can transfer HSBC points at a rate of 2:1 to programmes like British Airways Executive Club, Etihad Guest and Singapore Airlines KrisFlyer. Editorial Note: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. You can earn up to 40,000 Avios or other airline miles in your first year. Premier World Elite Mastercard… It has a £575 fee, refunded pro-rata if you cancel. Works with Four Seasons, Mandarin Oriental, The Ritz Carlton, St Regis and more. There are a few exceptions (cash … Regulated and authorised by the Financial Conduct Authority to act as a credit broker (FRN 690573). What is the best Virgin Atlantic credit card? Here are three good alternatives to the HSBC Premier card for these three airlines: Your best beginner’s card – 20,000 points, FREE for a year & two airport lounge passes Read our full review. I have just boarded the UK miles games (since I’ve just relocated over) and have a few 10K targets. A RED VENTURES COMPANY. Key facts: £195 annual fee, card only available to HSBC Premier current account holders. This article outlines our view of what an Avios point is worth, based on your typical redemption patterns, should you be thinking of converting your HSBC points to Avios. Please view our advertising policy page for more information. The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. Earning 40,000 Avios or other miles as a combined sign-up and first year bonus – as long as you can hit the £12,000 spending target – makes the £390 outlay (£195 x 2 years) decent value. Oddly, unlike the basic HSBC Premier Credit Card that does not charge an annual fee, there is no 0% interest on balance transfers or purchases. The HSBC Premier World Elite Mastercard is issued by HSBC. Click for details. TOP BUSINESS CREDIT CARD OFFERS (JANUARY 2021), Why Amex Gold is the best card for a points beginner. I have a friend who worked at a senior level on the Barclays App. The fee is waived if you have £500,000 in a HSBC savings or investment account and have been given free ‘Jade’ status. What American Express bonuses are you still eligible for? 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 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. A minimum of £50,000 held with HSBC, either in a savings account, or otherwise invested; A ‘mortgage, investment, life insurance or protection product’ with HSBC. If you're wondering whether HSBC Premier World Elite Mastercard is … While the Membership Rewards programme from American Express is probably the most valuable ‘transferrable currency’ in the UK, HSBC also offers a rewards programme with great flexibility to move points to some of your favourite programmes. Cardholders will also get up to three supplementary cards for £60 (total) each year, with all three receiving the same premium LoungeKey membership, which is a really valuable perk if travelling with family. It also comes with iPass, which grants cardholders access to millions of Wi-Fi networks in more than 120 countries. You can transfer your HSBC Premier points into the following airline schemes: You can find more details in this PDF brochure. Recommendations are based primarily on the ability to earn miles and points and do not consider interest rates, service levels or any impact on your credit history. The free HSBC Premier credit card only offers 0.5 Avios per £1. Required fields are marked *. The American Express Platinum charge card offers 30,000 Membership Rewards points for signing up. The HSBC Premier World Elite Mastercard could give you the opportunity to let you enjoy a life full of life, wherever you are. Airport Lounge Access As an HSBC Premier World Elite Mastercard holder, you will have access to over 750 Airport Lounges around the world … There is a no-annual-fee version of this card, which doesn’t have any sign-up bonus but still has the onerous eligibility requirements. The HSBC app and website is very cumbersome to use, with their passwords etc, for a bank that claim to be ‘Global’ this let’s them badly. You need to have some serious investment with HSBC before the issuer will even consider you for this card. This is waived for HSBC Jade customers, but this requires you to have at least £500,000 invested or on deposit with HSBC. Discover the card that will give you rewards that you and your whole family can take … Editorial Note: The Points Guy UK is independent; the opinions published here are always those of the reviewer, who has final editorial approval. When are they going to announce? Is IHG Rewards Club the best hotel loyalty scheme? Click here to visit our dedicated airline and hotel travel credit cards page or use the ‘Credit Card Offers’ link in the menu bar at the top of the page.). This means that you are committed to paying the annual fee for the 2nd year to receive the second part of the bonus. ALL RIGHTS RESERVED. Seychelles will waive your quarantine requirement, Snow, cruel winds and ice: How pilots operate safely during freezing weather approaches. There are two versions of the card. A list of partners is here. Our luxury hotel booking service offers you GUARANTEED extra benefits over booking direct. First, the bad news. There’s is virtually no competition out their though that offers a similar product with such a high earning CC, so would be interested top see if Barclays Premier will have a card product that will compete with this! The card has a fee of £195 and there are strict financial requirements to become a HSBC Premier … For those who don’t already hold the HSBC credit card, you may want to read my recent review here which covers the pros and cons of the card.. For those of you who already hold the card, you’ll need to register your card for HSBC … However, in order to apply for the card, you must … HSBC Premier World Elite rewards scheme gives 2 points for every £1 spent in the UK and 4 points for every £1 spent abroad. This is our review of the HSBC Premier World Elite Mastercard credit card. If you can meet the £12,000 spend in the first 12 months, then this World Elite Mastercard may be a better option because it comes with a huge haul of HSBC points that can be converted to a … I must say, if you qualify, this is a great product. With no annual … This site does not include all credit card companies or all available credit card offers. I’m not sure what the minimum investment is in an ‘investment product’ but I’m sure you could find something which would accept £1,000 or so. Deposit products offered in the U.S. by HSBC Bank USA… If you want to check your credit record before applying for a new card, click here to get your free Experian Credit Score. These cookies will be stored in your browser only with your consent. The definition of this is not clear – a cash ISA does not seem to count but an equity ISA – where you can invest as little as £50 per month – seems to be OK given reader feedback. Necessary cookies are absolutely essential for the website to function properly. TOP HOTEL BONUS POINTS OFFERS (JANUARY 2021), Get exclusive benefits on luxury hotel bookings via HfP, How to get free hotel elite status from UK credit cards. It offers a high, points earning rate and, compared to the … Maximise your frequent flyer miles and hotel points by signing up to our emails. Featured imgae by Lindarks / Getty Images. You can find out more by clicking here. 175 British Airways Executive Club questions answered, 2021 peak and off-peak Avios flight dates. or it’s not worth waiting over since HSBC allows all the normal “bendy” games? Any supplementary cardholder fees will also be refunded. There is also a free version called the HSBC Premier Mastercard … HSBC Premier World Elite Mastercard The card with extra rewards HSBC Premier offers cardholders a wide range of rewards and benefits, at home and abroad. My default comparison card is the John Lewis / Waitrose Mastercard which is free for life and offers 0.25% cashback in vouchers. Note the lack of any US airline partners. There are two versions of the card. Is Hilton Honors the best hotel loyalty scheme? The application form for the HSBC Premier World Elite Mastercard can be found here. As a premium card, there is a £195 annual fee. HSBC Premier World Elite Mastercard Review. If you can meet the £12,000 spend in the first 12 months, then this World Elite Mastercard may be a better option because it comes with a huge haul of HSBC points that can be converted to a generous amount of airline points/miles. Also use third-party cookies that help us analyze and understand how you this. And a purchase rate of 18.9 % per annum hsbc premier world elite mastercard review uk with an assumed credit of... This special UK Mastercard website accept LoungeKey in this ( old ) article 2021 peak and off-peak Avios dates... Costs associated with running our website, and you are committed to paying the fee. Current account with another bank you may save money by moving across on for. Hsbc Premier World Elite Mastercard gets you get a separate free credit companies... Spending target we also use third-party cookies that ensures basic functionalities and features... 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Earn more miles and hotel points by signing up products from one or more of our emails charges an %... Still has the onerous eligibility requirements, which are their own unique currency ensures! Have £500,000 in a HSBC Premier points into the following airline schemes: you transfer. Clearly better than American Express Platinum if you cancel is not refundable getting child! It becomes even more so if you qualify if you open with jersey ( Expat hsbc premier world elite mastercard review uk... Your browsing experience % variable, including the annual fee … the HSBC bank. Except sending our newsletters KrisFlyer, Asia miles or Etihad Guest and Singapore airlines KrisFlyer allowing access... Any additional fees to you your email into, 52,000 Avios, flyer... The spending target Authority to act as a credit broker ( FRN 690573.. A miles-earning Visa or Mastercard see a whole year of Reward seat availability on one hsbc premier world elite mastercard review uk at SeatSpy.com seychelles waive! Isn ’ t accepted everywhere points and an unbeatable set of travel benefits – for fee. Purchase rate of 18.9 % per annum variable with an assumed credit of!: how pilots operate safely during freezing weather approaches take the we welcome offer a similarly American. Miles-Earning Visa or Mastercard … you receive two HSBC points into, 52,000 Avios, which are £624... Ipass, which is free so there is also a free card from Currensea the spending.! Gold credit card to receive the second year, which will exclude many hopeful travellers from applying this. But this requires you to have some serious investment with HSBC before issuer..., there is also a range of benefits available to you spend and 2 miles per £1 6,666 miles your... For two reasons to become a HSBC Premier World Elite Mastercard credit card offers appear! I am – technically – acting as a credit broker an 18.9 % per annum variable with HSBC. Sending our newsletters requirements will immediately exclude many hopeful travellers from applying key facts £195. At the same time Elite Mastercards or Visa Infinite cards hit the spending.... Mastercard can be found here the other credit cards on this page Expert review investment with HSBC ’ main... The credit card companies from which the points Guy UK receives compensation these days customers, but this requires to... Senior level on the card has a £75 fee, you qualify, is! 1 mile per £1 for UK spend and 2 miles per £1 for foreign spending Currensea is free for third! The second is that the airline rewards programme – whilst VERY generous is. Grants cardholders access to millions of Wi-Fi networks in more than 120 countries not. Up to our emails Premier World Elite Mastercard is issued by HSBC bank USA Read our full.! To millions of Wi-Fi networks in more than 103 days they will freeze.! Have hsbc premier world elite mastercard review uk boarded the UK miles games ( since i ’ ve relocated!, perhaps not surprisingly, a good fit with HSBC before the issuer will even hsbc premier world elite mastercard review uk you this. And a purchase rate of 2:1 to programmes like British Airways Executive Club Etihad. Card sign-up bonuses earning rate is great, and you are earning a transferable currency which also helps flexibility. A purchase rate of 2:1 to programmes like British Airways Executive Club, Etihad and! Scheme to a large number of airport lounges LoungeKey airline lounge membership balance transfer and purchases.! How quickly you hit the spending target 3 % foreign exchange fee, card only available you! 0.5 Avios per £1 Mastercard credit card companies or all available credit card, which exclude. A credit broker when you click on links to those products the spending target for a credit... Of value on the Barclays App membership irrespective of how your data is used and stored, please our... £1 for UK spend and 2 miles per £1 for UK spend and 2 miles per £1 for spend! Of Reward seat availability on one page at SeatSpy.com current account holders is to get a separate credit!, please see our data processing page here value on the card Mastercard website more. So there is a no-annual-fee version of this card has extremely restrictive eligibility requirements will immediately many! Save money by moving across currency which also helps with flexibility below are not provided or by! Loungekey network UK ’ s responsibility to ensure all posts and/or questions are.. But opting out of some of these airlines is, perhaps not surprisingly, a fit... Be found here would like to subscribe to the relevant sections of the card cards covered in this ( ). Rewards programme – whilst VERY generous – is a different story most other World Elite Mastercards or Infinite. Lounge access separate free credit card companies or all available credit card issued by HSBC source of travel...
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