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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

14.99% to 18.99%

Purchase APR (variable)

Details

Product NameHSBC Premier World Elite Mastercard® credit card
Card typeMastercard
Annual fee$395
Purchase APR14.99% to 18.99% variable
Balance transfer APR14.99% to 18.99% variable
Balance transfer fee$10 or 4% of the transaction, whichever is greater
Cash advance rate24.99% variable
Cash advance fee$10 or 5% of the cash advance amount, whichever is greater
Penalty APR29.99% variable
Foreign transaction feeNone
Interest free periodUp to 25 days
Late payment feeUp to $39
Returned payment feeUp to $39
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.

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 3 months
3x points on directly-booked flights; 4x at restaurants; 4x at US supermarkets on up to $25,000 annually (then 1x points)
$250
Earn up to 4x points on select purchases, a bevy of travel perks, and a welcome offer worth up to $600 with this upper-mid tier travel card. Rates & fees
Chase Sapphire Preferred® Card
60,000 points after spending $4,000 in the first 3 months, a value of up to $750 through Chase Ultimate Rewards
5x points on Lyft, 2x points on travel and dining and 1x points on all other purchases
$95
Earn a signup bonus worth $750 with this popular travel card. Combine with other Chase Ultimate Rewards cards for even greater value.
The Platinum Card® from American Express
100,000 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, 15x points on directly-booked flights or on flights and hotels on Amex Travel. 1x points on all other purchases. Starting January 1, 2021, your 15x points on flights will be capped on up to $500,000 annually (then 1x points).
$550
One of the most valuable premium travel cards, featuring two welcome offers worth up to $4,500, multiple travel credits and unrivaled lounge access. Rates & fees
Chase Sapphire Reserve®
50,000 points after spending $4,000 in the first 3 months
10x points on Lyft rides, 3x points on dining and travel after earning your $300 travel credit and 1x points on all other purchases
$550
Get a generous $300 in annual travel credits, 3x points on travel and dining, and a 50% bonus on point redemptions with Chase's premier card.
Marriott Bonvoy Brilliant™ American Express® Card
100,000 points after spending $5,000 in the first 3 months, plus earn 25,000 after the first anniversary of card membership (offer expires 1/13/2021)
6x points at Marriott Bonvoy hotels, 3x at US restaurants and on flights booked directly with airlines and 2x for all other purchases
$450
Earn 100,000 bonus points when you spend $5,000 or more within your first 3 months, plus earn 25,000 after the first anniversary of card membership (offer expires 1/13/2021). Rates & fees
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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.

Frequently asked questions

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