HSBC Premier World Elite Mastercard® credit card review | finder.com

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

HSBC Premier World Elite Mastercard® credit card review

Last updated:  
Please note: All information about HSBC Premier World Elite Mastercard® credit card has been collected independently by Finder.

Earn accelerated points on travel and dining and other premium perks.

  • Get this card if you often travel internationally.
  • Pick something else if you want a card with an intro APR period or no annual fee.
  • Apply if you’re an HSBC Premier customer with a good to an excellent credit score of 670 or higher.

50,000

Points as welcome offer

Up to 3x

Points

$395

Annual fee

16.99% to 20.99%

Purchase APR (variable)

Details

Product NameHSBC Premier World Elite Mastercard® credit card
Card typeMastercard
Annual fee$395
Purchase APR16.99% to 20.99% variable
Balance transfer APR16.99% to 20.99% variable
Balance transfer fee$5 or 3% of the transaction, whichever is greater
Cash advance rate26.99% variable
Cash advance fee$5 or 3% of the cash advance amount, whichever is greater
Penalty APR31.99% variable
Foreign transaction feeNone
Interest free periodUp to 25 days
Late payment feeUp to $37
Returned payment feeUp to $25
Additional cardholder fee$65
Rates & feesrates & fees

The basics

HSBC Premier World Elite Mastercard® credit card could be a good fit for HSBC Premier customers who often travel Internationally. It’s a premium travel card with perks and accelerated points on travel and dining.

To apply for the card, however, you must be an HSBC Premier customer.

Another card with airport lounge access

The Platinum Card® from American Express

  • Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
  • Enjoy Uber VIP status and free rides in the U.S. up to $15 each month, plus a bonus $20 in December. That can be up to $200 in annual Uber savings.
  • 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
  • 5X Membership Rewards points on prepaid hotels booked on amextravel.com.
  • Enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
  • Receive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts. Learn More.
  • $200 Airline Fee Credit, up to $200 per calendar year in baggage fees and more at one qualifying airline.
  • Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. Enrollment required.
  • $550 annual fee.
  • Terms Apply.
  • See Rates & Fees
Read less
Read more
See Rates & Fees
Promoted

The perks

  • Signup bonus.
    Spend $4,000 in the first 3 months of your account opening and earn 50,000 bonus points. As of March 2019, that’s up to $750 worth of airfare when booked through HSBC Rewards, according to the HSBC website.
  • Reward points.
    Earn 3x points on travel purchases, 2x on dining and 1x on everything else you buy.
  • Lounge membership.
    Enjoy membership to more than 850 airport lounges worldwide from Mastercard Airport Experiences, and two lounge visits per year for no extra cost.
  • Annual air travel credit.
    Get $100 air travel credit every year to reimburse airfare, seat upgrades, baggage fees or in-flight purchases.
  • Uber and Lyft credit.
    Use $100 statement credit annually for Uber and Lyft rides.
  • TSA PreCheck credit.
    Apply for TSA PreCheck and get reimbursed for the $85 application fee.

You’ll also like

  • No foreign transaction fees.
    No fees added for purchases made outside the US.
  • Unlimited Boingo Wi-Fi access.
    Enjoy Wi-Fi access with Boingo on airports, restaurants, hotels and other locations.
  • Mastercard World Elite concierge.
    Get dining recommendations, bookings for restaurants or events or any other kinds of assistance you may need.
  • Discount on hotel bookings.
    Book through Agoda or Expedia hotels that have “Promotion Eligible” banners and get a 10% discount.

What to watch out for

  • Annual fee.
    Expect to pay a $395 annual fee for the card. Authorized users cost an additional $65 per person.
  • Penalty APR.
    A single late payment could set you back for a late payment fee and a penalty APR of 31.99% variable. Once incurred it will apply for at least six months, but it may apply indefinitely if you don’t pay your balance on time.
  • Application eligibility.
    You’ll need to have a minimum of $100,000 in an HSBC Premier checking account to apply. Otherwise, you’ll pay a maintenance fee of $50 monthly.

Compare travel credit cards

Name Product Welcome offer Rewards Annual fee Filter values
75,000 points after spending $1,000 in the first 3 months
7x points on Hilton Honors purchases, 5x at US restaurants, US supermarkets and US gas stations, 3x on all other purchases
$0
Earn 75,000 Hilton Honors Bonus Points after you spend $1,000 in purchases on the card within your first 3 months of card membership. Rates & fees
20,000 miles after spending $1,000 in the first 3 months
1.25x miles on all purchases and 10x miles at hotels.com/venture
$0
Earn 20,000 bonus miles once you spend $1,000 on purchases within the first 3 months from account opening.
30,000 miles after spending $1,000 in the first 3 months, plus $50 when you make a Delta purchase in the same timeframe
2x miles on Delta purchases and 1x miles on all other purchases
$0 intro annual fee for the first year ($95 thereafter)
Earn 30,000 miles after spending $1,000 in the first 3 months, plus $50 when you make a direct Delta purchase in the same timeframe. Rates & fees
50,000 bonus miles after spending $3,000 in the first 3 months
2x miles on all purchases and 10x miles at hotels.com/venture
$0 intro annual fee for the first year ($95 thereafter)
Earn 50,000 bonus miles after spending $3,000 on purchases within the first 3 months from account opening.
50,000 points after spending $2,000 in the first 3 months
3x points at Marriott Bonvoy hotels, 2x on travel and 1x on all other purchases
$0
50,000 bonus points after you spend $2,000 on purchases in your first 3 months from your account opening.

Compare up to 4 providers

Bottom line

Consider the HSBC Premier World Elite Mastercard® credit card if you’re looking for a premium travel credit card. It comes with a generous signup bonus, accelerated points on travel purchases and dining, plus you get annual travel credit and Uber and Lyft credit.

However, if you think there could be a better option for you, check out similar travel credit cards and compare options.

Frequently asked questions

Ask an expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use and Privacy and Cookies Policy.
Go to site