Earn accelerated points on travel purchases.
- Get this card if you want a no-annual-fee travel rewards credit card.
- Pick something else if you want higher rewards or an intro APR period.
- Apply if you’re an HSBC Premier customer with a good to excellent credit score of 670 or higher.
| Product Name | HSBC Premier World Mastercard® credit card |
|---|---|
| Card type | Mastercard |
| Annual fee | $0 intro annual fee for the first year ($95 thereafter) |
| Standard purchase APR | 17.24% to 21.24% variable |
| Intro purchase APR | N/A |
| Standard balance transfer APR | 17.24% to 21.24% variable |
| Intro balance transfer APR | N/A |
| Balance transfer fee | $5 or 3% of the transaction, whichever is greater |
| Cash advance rate | 27.24% variable |
| Cash advance fee | $5 or 3% of the cash advance amount, whichever is greater |
| Penalty APR | 32.24% variable |
| Foreign transaction fee | None |
| Interest free period | Up to 25 days |
| Late payment fee | Up to $37 |
| Returned payment fee | Up to $25 |
| Rates & fees | rates & fees |
| Minimum Age | 18 years of age |
|---|
| Welcome Offer | 35,000 points after spending $3,000 in the first 3 months |
|---|---|
| Rewards | 2x points on travel and 1x points on all other purchases |
| Base Rewards | 1x points |
The basics
The HSBC Premier World Mastercard® credit card could be a good fit for HSBC Premier customers who want to earn travel rewards without paying a lofty annual fee. Among other perks, you can earn points on travel purchases and a solid signup bonus.
Another travel rewards card
The perks
- Signup bonus.
Spend $3,000 within your first 3 months of card membership and earn 35,000 bonus points. According to the HSBC website, these points are worth around $400 in airfare. - Reward points.
Earn 2x points on travel purchases and 1x points on everything else. Redeem points for flights, hotels and car rentals through the HSBC rewards website. You can also book a flight and use your points for statement credit reimbursement. - Uber and Lyft credit.
Get $50 statement credit for Uber and Lyft rides every year. - TSA PreCheck credit.
Apply for TSA PreCheck and get reimbursement for the $85 application fee.
You’ll also like
- No annual fee for Premier clients.
If you’re a Premier client, you won’t pay an annual fee. - No foreign transaction fees.
You won’t pay foreign transaction fees on purchases made abroad. - Unlimited Boingo Wi-Fi access.
Enjoy unlimited Boingo Wi-Fi when waiting at the airport, in a restaurant or a hotel. - Discount on hotel bookings.
Get a 10% discount on hotels with the “Promotion Eligible” banner on Agoda or Expedia.
What to watch out for
- Potential annual fee.
If you’re not an HSBC Premier client, you’ll pay $95 annually starting your second year. - Penalty APR.
Making a late payment will incur a penalty fee and a penalty APR of 32.24% Variable. Once applied, this penalty APR could last six months or more. - Card application eligibility.
You must be an HSBC Premier customer with a minimum of $100,000 in an HSBC Premier checking account to apply. Otherwise, you’ll pay a maintenance fee of $50 monthly. - No intro APR period.
If you’re looking to save money on interest on your purchases or balance transfers, consider credit cards with a 0% intro APR period.
Compare travel credit cards
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Bottom line
If you’re an HSBC Premier customer wanting a travel rewards credit card with low to no annual fee, the HSBC Premier World Mastercard® credit card could be a decent choice. You get to earn points on travel purchases, you get a solid signup bonus, TSA PreCheck application fee credit and more.
But if you don’t find this card appealing, check out similar travel credit cards to compare options.
