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HSBC Premier World Elite Mastercard review

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Get a comprehensive suite of travel benefits and earn double the points when you spend money on travel-related purchases. 

Get a wide array of travel benefits, comprehensive insurance and a generous welcome offer with this premium travel card.

19.9%

Purchase Interest Rate

$0 annual fee for the first year ($149 thereafter)

Annual Fee

Please note: All information about HSBC Premier World Elite Mastercard has been collected independently by Finder and this card is not available through this site.

The HSBC Premier World Elite Mastercard is a premium travel card that lets you earn points for every dollar you spend on eligible travel purchases and points for every dollar you spend on everything else. It comes with a wide array of travel benefits along with comprehensive insurance and a generous welcome offer.

30-second take

  • Think about this card if you want deluxe travel benefits and a decent return on points.
  • Choose something else if you want a low interest rate and no 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.

The basics

If you’re looking for a premium travel card with a wide range of frequent flyer benefits, then the HSBC Premier World Elite Mastercard could be just the ticket.

  • Good points per dollar ratio. Earn three points for every dollar you spend on everyday purchases.
  • Double the travel points. Get six points per dollar you spend on travel-related purchases like flights, hotels, rental cars and more
  • No foreign transaction fees. Save around 2.5% on every purchase you make abroad with no foreign transaction fees.
  • Comprehensive travel benefits. Qualify for a full suite of travel benefits including travel medical insurance and exclusive discounts.

Eligible travel benefits

  • Travel medical insurance. Get comprehensive travel medical insurance for 31 days as long as you and your spouse are under the age of 65.
  • Additional travel coverage. Benefit from extended insurance to cover unexpected issues with flights, baggage and rental cars.
  • Travel enhancement credit. Take advantage of $100 every year to upgrade your flights and cover extra expenses like baggage fees or airport lounge passes.
  • Airport lounge discounts. Enjoy lower rates for you and your guests when you enter over 850 airport lounges worldwide.
  • Retail discounts. Lock in discounts on food, spa treatments and in-store retail purchases (with savings as high as 20%).
  • Hotel discounts. Save up to 10% when you make hotel bookings through Expedia or Agoda on your card.
  • Emergency cash transfers. Get up to $5,000 transferred to you in cash if your card is lost or stolen abroad.
  • Unlimited Wi-Fi. Access Wi-Fi at over one million Boingo hotspots all over the world.

The perks

  • Purchase assurance. Relax knowing that the purchases you make with your card will be protected against theft, loss or damage for up to 90 days.
  • Extended warranty. Get double the protection with an added year of warranty coverage on eligible purchases made with your card.
  • Zero liability protection. Avoid losing money on unauthorized or fraudulent purchases with zero liability protection.
  • Instant pay. Save time when you tap to pay with Mastercard contactless payment and Apple Pay.
  • Online protection. Use your Mastercard SecureCode to protect your information when you make purchases online.
  • No fee for additional cards. Get free additional cards for family members and other authorized users.
  • Worldwide acceptance. Shop with confidence when you travel overseas knowing that Mastercard is accepted worldwide.

What to watch out for

  • High interest. You’ll pay over high interest on your outstanding balances and even higher interest on cash advances and balance transfers.
  • High annual fee. There’s an annual fee for this card, but you may be able to qualify for a $50 annual rebate as an HSBC Premier client.
  • Low points value. The value of your points will fluctuate based on what you’re redeeming them for, but you might only get $1 in rewards for every 200 points you earn.
  • Minimum income requirements. You’ll need to make a minimum individual income of $80,000 or a household income of $150,000 to qualify.
  • Exclusive to HSBC Premier clients. Premier clients have to meet strict eligibility criteria, which can include having at least $100,000 in savings with HSBC.

What should I know before I apply?

How to apply

  1. Head to the HSBC website to begin your application.
  2. Complete the application, which includes providing your name, email address, social insurance number and birth date.
  3. Review and submit your application.

Compare other credit cards

Name Product Welcome Offer Rewards Purchase Interest Rate Annual Fee Min. Credit Score Description
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Get 5% cash back on all eligible purchases in the first three months of card membership (up to max. spend of $2,000). Plus, get a rate of 1.99% on balance transfers with a 1% balance transfer fee for nine months.
BMO Preferred Rate Mastercard
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Get a rate of 3.99% on balance transfers for 9 months with a 1% transfer fee. Plus, get the $20 annual fee waived in the first year.
Scotiabank Value Visa Card
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SimplyCash Card from American Express
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Choice Card from American Express
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Tangerine Money-Back Credit Card
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HSBC +Rewards™ Mastercard®
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Min. recommended credit score: 630
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Refresh Financial Secured Card
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N/A
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Min. recommended credit score: Any score
Take advantage of a low annual fee, with no credit check and guaranteed approval once you secure your card with some funds.
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Name Product Balance Transfer Rate Balance Transfer Fee Purchase Interest Rate Annual Fee Min. Credit Score Description
Tangerine World Mastercard
1.95% for the first 6 months (then 19.95%)
3%
19.95%
$0
Min. recommended credit score: 680
Get a 1.95% interest rate on balance transfers for the first six months (valid within the first 30 days of account opening).
BMO CashBack Mastercard
1.99% for the first 9 months (then 22.99%)
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19.99%
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Min. recommended credit score: 660
Get 5% cash back on all eligible purchases in the first three months of card membership (up to max. spend of $2,000). Plus, get a rate of 1.99% on balance transfers with a 1% balance transfer fee for nine months.
BMO Preferred Rate Mastercard
3.99% for the first 9 months (then 12.99%)
1%
12.99%
$20
Min. recommended credit score: 660
Get a rate of 3.99% on balance transfers for 9 months with a 1% transfer fee. Plus, get the $20 annual fee waived in the first year.
Scotiabank Value Visa Card
0.99% for the first 6 months (then 12.99%)
N/A
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Min. recommended credit score: 650
Get a 0.99% introductory interest rate on balance transfers with a 0% transfer fee for the first 6 months. Apply by July 1, 2021.
Tangerine Money-Back Credit Card
1.95% for the first 6 months (then 19.95%)
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Min. recommended credit score: 680
Get a 1.95% interest rate on balance transfers for the first six months (valid within the first 30 days of account opening).
BMO Rewards Mastercard
1.99% for the first 9 months (then 22.99%)
1%
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Min. recommended credit score: 725
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BMO AIR MILES Mastercard
1.99% for the first 9 months (then 22.99%)
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Min. recommended credit score: 660
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BMO AIR MILES Mastercard For Students
1.99% for the first 9 months (then 22.99%)
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Min. recommended credit score: 660
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BMO CashBack Mastercard For Students
1.99% for the first 9 months (then 22.99%)
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Scotia Momentum Visa Card
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Min. recommended credit score: 650
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Name Product Welcome Offer Rewards Purchase Interest Rate Annual Fee Min. Credit Score Description
American Express Cobalt Card
30,000 points
Up to 5 points per $1 spent
19.99%
$120
Min. recommended credit score: 700
Earn up to 30,000 bonus Membership Rewards points in your first year as a new Cobalt Cardmember.
Choice Card from American Express
10,000 points
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Min. recommended credit score: 700
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Min. recommended credit score: 630
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BMO Rewards Mastercard
10,000 points
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Min. recommended credit score: 725
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BMO World Elite Mastercard
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Min. recommended credit score: 760
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Brim Mastercard
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Min. recommended credit score: 700
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American Express Aeroplan Card
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Min. recommended credit score: 700
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BMO eclipse Visa Infinite
40,000 points
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Min. recommended credit score: 760
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American Express AIR MILES Platinum Credit Card
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Name Product Welcome Offer Cash Back Rate Purchase Interest Rate Annual Fee Min. Credit Score Reward Description
Tangerine World Mastercard
Balance transfer offer
Up to 2% cash back
19.95%
$0
Min. recommended credit score: 680
Earn 2% cash back in two categories of your choice (or three categories if you open a Tangerine Savings Account and directly deposit your cash back into the account), and 0.5% cash back on everything else.
BMO CashBack Mastercard
5% cash back
Up to 3% cash back
19.99%
$0
Min. recommended credit score: 660
Earn 3% cash back on groceries, 1% on recurring bill payments and 0.5% on all other eligible purchases.
SimplyCash Card from American Express
1.25% cash back
Up to 2.5% cash back
19.99%
$0
Min. recommended credit score: 700
Earn 1.25% cash back on all eligible purchases.
Tangerine Money-Back Credit Card
Balance transfer offer
Up to 2% cash back
19.95%
$0
Min. recommended credit score: 680
Earn 2% cash back in two categories of your choice (or three categories if you open a Tangerine Savings Account and directly deposit your cash back into the account), and 0.5% cash back on everything else.
SimplyCash Preferred Card from American Express
10% cash back
2% cash back
19.99%
$99
Min. recommended credit score: 700
Earn 2% cash back on all eligible purchases
BMO CashBack World Elite Mastercard
Up to 10% cash back
1% cash back
20.99%
$0 annual fee for the first year ($120 thereafter)
Min. recommended credit score: 760
Earn 5% cash back on groceries, 4% on transit including ride sharing, taxis and public transportation, 3% on gas and electric vehicle charging, 2% on recurring bill payments and 1% unlimited cash back on all eligible purchases.
Shell CashBack Mastercard from BMO
$50 in cash back + 1% cash back
Up to 1.5% cash back
19.99%
$0
Min. recommended credit score: 660
Get 1.5% cash back at participating Shell locations in Canada (up to a maximum spend of $2,500 in any monthly billing period), and get 0.5% cash back everywhere else.
BMO Cashback Business Mastercard
10% cash back
Up to 1.75% cash back
19.99%
$0
Min. recommended credit score: 650
Earn 1.5% cash back on eligible gas purchases, office supplies and on cell phone and internet recurring payments, earn 1.75% cash back at participating Shell stations, and earn 0.75% on all other eligible card purchases.
BMO CashBack Mastercard For Students
5% cash back
Up to 3% cash back
19.99%
$0
Min. recommended credit score: 660
Earn 3% cash back on groceries, 1% on recurring bill payments and 0.5% on all other eligible purchases.
Shell CashBack World Mastercard from BMO
N/A
Up to 3% cash back
19.99%
$79
Min. recommended credit score: 760
Get 3% cash back per $1 spent at Shells stations, 1.25% cash back on all other spend.
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Compare up to 4 providers

Name Product Welcome Offer Rewards Purchase Interest Rate Annual Fee Min. Credit Score Description
Tangerine World Mastercard
Balance transfer offer
Up to 2% cash back
19.95%