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HSBC Premier World Elite Mastercard® credit card review

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The information about the HSBC Premier World Elite Mastercard® 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

16.49% to 20.49%

Purchase APR (variable)

Details

Product NameHSBC Premier World Elite Mastercard® credit card
Card typeMastercard
Annual fee$395
Purchase APR16.49% to 20.49% variable
Balance transfer APR16.49% to 20.49% variable
Balance transfer fee$10 or 4% of the transaction, whichever is greater
Cash advance rate26.49% variable
Cash advance fee$10 or 5% of the cash advance amount, whichever is greater
Penalty APR31.49% variable
Foreign transaction feeNone
Interest free periodUp to 25 days
Late payment feeUp to $37
Returned payment feeUp to $25
Additional cardholder fee$65

Expert review

Kliment Dukovski

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 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 rewards credit card

Citi Rewards+℠ Card

  • The Citi Rewards+℠ Card - the only credit card that automatically rounds up to the nearest 10 points on every purchase - with no cap.
  • Earn 15,000 bonus points after you spend $1,000 in purchases with your card within 3 months of account opening; redeemable for $150 in gift cards at thankyou.com
  • 0% intro APR on balance transfers and purchases for 15 months. After that, the variable APR will be 14.99% - 24.99%, based on your creditworthiness. Balance transfer fee — either $5 or 3% of the amount of each transfer, whichever is greater.
  • Earn 2x ThankYou® Points at supermarkets and gas stations for the first $6,000 per year and then 1x points thereafter. Plus, earn 1x points on all other purchases.
  • The standard variable APR for Citi Flex Plan is 14.99% - 24.99%, based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.
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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 31.49% 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.

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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.

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