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HSBC Premier World Mastercard® credit card review

Kliment Dukovski
Kliment Dukovski
Last updated:  
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)

14.99% to 18.99%

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 APR14.99% to 18.99% variable
Balance transfer APR14.99% to 18.99% variable
Balance transfer fee$5 or 3% of the transaction, whichever is greater
Cash advance rate24.99% variable
Cash advance fee$5 or 3% 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

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.

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 29.99% 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
American Express® Gold Card
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
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Chase Sapphire Preferred® Card
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.
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The Platinum Card® from American Express
The Platinum Card® from American Express
75,000 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, 5x points on directly-booked flights or on flights and hotels on Amex Travel. 1x points on all other purchases. Starting January 1, 2021, your 5x 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
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Chase Sapphire Reserve®
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.
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Marriott Bonvoy Brilliant™ American Express® Card
Marriott Bonvoy Brilliant™ American Express® Card
75,000 points after spending $3,000 in the first 3 months
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 75,000 bonus points when you spend $3,000 or more within your first 3 months. Rates & fees
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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.

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