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HSBC Premier World Mastercard® credit card review

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The information about the HSBC Premier World 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 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.

35,000

Points as welcome offer

Up to 2x

Points

$0

Annual fee

for the first year ($95 thereafter)

16.49% to 20.49%

Purchase APR (variable)

Details

Product NameHSBC Premier World Mastercard® credit card
Card typeMastercard
Annual fee$0 intro annual fee for the first year ($95 thereafter)
Purchase APR16.49% to 20.49% variable
Balance transfer APR16.49% to 20.49% variable
Balance transfer fee$5 or 3% of the transaction, whichever is greater
Cash advance rate26.49% variable
Cash advance fee$5 or 3% 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

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

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

American Express® Green Card

  • Receive up to $100 in statement credits towards any eligible purchase made directly with Away in your first 3 months. Offer ends 1/15/2020.
  • Plus, earn 30,000 Membership Rewards® points after you spend $2,000 on purchases on your new card in your first 3 months.
  • Earn 3x Membership Rewards® points on all eligible travel, from subway swipes and window seats to hotel stays and city tours.
  • Earn 3x Membership Rewards® points at restaurants worldwide.
  • Receive up to $100 per year in statement credits when you use the American Express® Green Card to pay for your CLEAR® membership.
  • Receive up to $100 in statement credits per year on your LoungeBuddy purchases. Use the American Express® Green Card to purchase lounge access through LoungeBuddy to any of the lounges in the LoungeBuddy network — no memberships, elite statuses, or first class tickets required.
  • No foreign transaction fees.
  • $150 annual fee.
  • Terms apply.
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See Rates & Fees

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 31.49% 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.
30,000 points after spending $2,000 in the first 3 months
3x Membership Rewards® points on all eligible travel, 3x points at restaurants and 1x points on all other purchases
$150
Earn 3x Membership Rewards® points on all eligible travel, 3x points at restaurants and 1x points on all other purchases. Rates & fees
30,000 miles after spending $1,000 in the first 3 months, plus $50 when you make a 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)
Earn 30,000 miles after spending $1,000 in the first 3 months, plus $50 when you make a direct Delta purchase in the same timeframe. Rates & fees
See terms
See terms
See terms
Can't decide on a card? Get personalized credit card offers with CardMatch™.
60,000 points after spending $4,000 in the first 3 months
2x points on travel and dining and 1x points on all other purchases
$95
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months.

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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