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

HSBC Premier World Mastercard® credit card review

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HSBC Premier World Mastercard® credit card

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 NameHSBC Premier World Mastercard® credit card
Card typeMastercard
Annual fee$0 intro annual fee for the first year ($95 thereafter)
Standard purchase APR17.24% to 21.24% variable
Intro purchase APR

N/A

Standard balance transfer APR17.24% to 21.24% variable
Intro balance transfer APR

N/A

Balance transfer fee$5 or 3% of the transaction, whichever is greater
Cash advance rate27.24% variable
Cash advance fee$5 or 3% of the cash advance amount, whichever is greater
Penalty APR32.24% variable
Foreign transaction feeNone
Interest free periodUp to 25 days
Late payment feeUp to $37
Returned payment feeUp to $25
Rates & feesrates & fees
Minimum Age18 years of age
Welcome Offer35,000 points after spending $3,000 in the first 3 months
Rewards2x points on travel and 1x points on all other purchases
Base Rewards1x 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

U.S. Bank FlexPerks® Travel Rewards® Visa Signature® Card

  • Earn 25,000 enrollment FlexPoints worth $375 on airfare, hotel stays, car rentals and more. Just spend $2,000 in eligible net purchases on your card within the first four months of account opening.
  • 2x FlexPoints at gas stations, grocery stores or airlines – whichever you spend the most on each monthly billing cycle, and at most cell phone service providers.
  • 2x FlexPoints for your charitable donations
  • No foreign transaction fees*
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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

Name Product Welcome offer Rewards Annual fee Filter values
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.
90,000 points after spending $2,000 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 90,000 Hilton Honors Bonus Points after you spend $2,000 in purchases on the card within your first 3 months of card membership. Rates & fees
30,000 miles after spending $1,000 in the first 3 months, plus $50 after your first 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)
30,000 bonus miles after you use your new card to make $1,000 on purchases within the first 3 months and a $50 statement credit after you make a Delta purchase in the first 3 months. Rates & fees
40,000 miles after spending $2,000 in the first 3 months
2x miles at restaurants, hotels and United and 1x miles on all other purchases
$0 intro annual fee for the first year ($95 thereafter)
40,000 bonus miles after you spend $2,000 on purchases in the first 3 months from account opening.
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.

Compare up to 4 providers

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.

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