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HSBC Elite Credit Card review

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The information about the HSBC Elite Credit Card has been collected independently by Finder. The card details have not been reviewed or approved by the card issuer.

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

14.99% to 18.99%

Purchase APR (variable)

Details

Annual fee$395
Welcome Offer50,000 points after spending $4,000 in the first 3 months
Rewards3x points on travel, 2x on dining and 1x on everything else
Purchase APR14.99% to 18.99% variable
Balance transfer APR14.99% to 18.99% variable
Recommended minimum credit score670
IssuerMastercard

Expert review

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Review by


Kliment Dukovski is a credit cards writer. He's written over 600 articles to help readers find and compare the best credit cards. Kliment has also written on money transfers, home loans and more. Previously, he ghostwrote guides and articles on foreign exchange, stock market trading and cryptocurrencies.

Expert review

HSBC Elite 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.

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 29.99% 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
American Express® Gold Card
60,000 points after spending $4,000 in the first 6 months
4x at restaurants including delivery and Uber Eats; 4x at US supermarkets on up to $25,000 annually (then 1x points), 3x points on directly-booked flights and 1x points on all other purchases
$250

Rose Gold is back

Earn up to 4x points on select purchases, a bevy of travel perks, and a welcome offer worth up to $600 based on our valuation with this upper-mid tier travel card. Terms apply, see rates & fees
Chase Sapphire Preferred® Card
80,000 points after spending $4,000 in the first 3 months, a value of up to $1,000 through Chase Ultimate Rewards. Plus up to $50 statement credit towards groceries
5x points on Lyft, 2x points on up to $1,000 on groceries until April 30, 2021, 2x points on travel and dining and 1x points on all other purchases
$95
Earn a signup bonus worth $1,000 plus up to $50 statement credit towards groceries with this popular travel card.
The Platinum Card® from American Express
75,000 points after spending $5,000 in your first 6 months, plus 10x points at US gas stations and US supermarkets on up to $15,000 in combined purchases in the same timeframe
10x points at US gas stations and US supermarkets on up to $15,000 combined in the first 6 months, 5x points on prepaid hotels booked with American Express Travel, 5x points on directly-booked flights on up to $500,000 annually, then 1x points after that and on other purchases
$550
One of the most valuable premium travel cards, featuring two welcome offers worth up to $4,500 based on Finder's valuation, multiple travel credits and unrivaled lounge access. Terms apply, see rates & fees
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Bottom line

Consider the HSBC Elite 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.

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