Either $10 or 4%, whichever is greater, will apply on each balance transfer and credit card check. HSBC Premier World Elite MasterCard – Details. The HSBC World Elite Mastercard comes with a $149 primary card annual fee. While we make no assumption as to whether balances are carried on a given card we do assign varying weights to all credit cards’ introductory APR (if present) in addition to the regular, long term purchase and balance transfer interest rates. SuperMoney.com is an independent, advertising-supported service. Credit Card Review: Premier World Elite Mastercard From HSBC UK. The bonus points will post four to six weeks after the promotional period has ended. $0 first year, then up-to $95 depending on banking relationship. What Are Different Types of Credit Cards? It’s $0 for everyone the first year, and after that, it remains $0 for customers who have an existing HSBC Premier checking account. HSBC Premier World Elite Mastercard Review. With HSBC Premier World Mastercard you receive 1% cash back on every purchase. HSBC Premier World Elite Mastercard® credit card could be a good fit for … Compare real offers from multiple lenders. If you choose the HSBC Rewards Plus program, you’ll earn between 1 … cashback credit card All other purchases on the card earn 1 point per dollar spent. For no annual fee at all, the Wells Fargo Propel American Express offers 3 points per dollar (each worth a cent) on categories including travel, restaurants, and gas, along with a 12-month 0% APR offer on purchases and balance transfers, where the HSBC Premier World Mastercard has no such offer. HSBC earned below-average scores in J.D. Don't let the annual fee sway you in anyway though as the card has lots of benefits to make up for the higher annual fee difference. Earn 2X ThankYou Points at supermarkets and gas stations for the first $6,000 per year and 1X points on all other purchases. Just keep in mind that these earn half as much, just 1 point per dollar spent, and so are less lucrative, especially when redeemed for anything except travel. Features 8 / 10. Supplementary cards run $50 each. The ordinary welcome offer on this card is 40,000 HSBC Reward points upon spending £2,000 within the first 3 months. Requires a high-worth HSBC account, at least initially. Last updated: Dec 21, 2020. That card is the HSBC Premier World Elite MasterCard. It also has a … The HSBC Premier MasterCard is the free version, alongside the premium version, HSBC Premier World Elite MasterCard, which comes with an annual fee of £195. While the Membership Rewards … Again, that's without considering the 1 point per dollar you would earn on other purchases with this card. . HSBC's definition of travel purchases is fairly broad. Unlike HSBC Premier World Mastercard, this card gives you the option to redeem points with any of a dozen partner airline and hotel programs. HSBC offers industry standard security features with this card including 24/7 fraud monitoring and alerts, zero fraud liability for unauthorized transactions and chip technology. It also has a Updated May 21, 2020 The HSBC Premier World Elite Mastercard offers those who already have a high-worth relationship with the bank rewards of 3 points per dollar on travel purchases, and 2 … Learn more about how we review products and read our advertiser disclosure for how we make money. Pros: $99 Annual Fee. HSBC Premier World Mastercard Pros & Cons, View all personal credit cards offered by HSBC Bank USA, Please write a review to submit your vote, Compare Business Checking Accounts Reviews, Complete Guide to Certificates of Deposit. Fill in the application form. Filter & compare all your options in one place. Any supplementary cardholder fees will also be refunded. Is It Okay to Open and Close Bank Accounts? The HSBC Premier World Mastercard is loaded with premium features and reward options. Check the information is accurate and submit your application. HSBC Premier World Mastercard is a It's at 100% if everybody recommends the provider, and at -100% when no one recommends. To apply for an HSBC Premier World Elite Mastercard, simply download an application form, complete it and send it to us after reading the Terms & Conditions (PDF, 360KB). Opinions expressed here are the author’s alone and have not been reviewed, approved or otherwise endorsed by any of the entities included within the post. When charged, balance transfer fees range between 3% - 5%, which we grade accordingly. The new HSBC card is the called ‘HSBC Premier World Elite Mastercard® credit … Earn 2% unlimited cash back towards your financial goals. Sign-up bonus. 2 points on travel and 1 point on all other purchases. We may receive compensation when you click on links to those products. Paying the fee makes the card a dubious value. Very convenient to use, service is very good too with friendly and helpful staff. Credit score is one of the many factors lenders review in considering your application. Which Account Fits You Best? up to 18.99%. Earn 1 Qantas Point per $1 spent on eligible purchases. You’re allowed to drop them after you get the card, but you’re then required to pay $95 a year for the HSBC Premier World Mastercard. Get a wide array of travel benefits, comprehensive insurance and a generous welcome offer with this premium travel card. To rate credit cards we objectively assess, score and weight nearly 100 individual card features which roll up into five major feature sets: fees, interest, rewards, benefits and security/customer service. This post contains references to products from one or more of our advertisers. See if you qualify for student loan refinancing and compare real time offers. 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwide. Avoid These Costly Mistakes, Compare Specialty Homeowners Insurance Reviews, Expert Strategies to Invest in Real Estate, How To Start Investing with $1,000 or Less, Investment Strategies to Start Building Wealth, Finding the Right Investor for Your Startup, Strategies On Increasing Your Current Income, How To Manage Your Personal Finances Successfully, Retirement Savings: Making Up for Lost Time. Pros and Cons of Refinancing Your Mortgage, Questions to Ask Before Refinancing Your Mortgage, Complete Guide to Student Loan Refinancing, SuperMoney's Student Loan Refinance Marketplace, How To Get The Best Student Loan Refinance Rates. Earn 1% in Disney Rewards Dollars on all card purchases. How Prepaid Debit Cards Can Help You Budget, How Auto Insurance Works? Making the most of this card begins with ensuring you meet the $3,000 spending requirement within the first three months required to earn its 35,000-point one-time offer. Getting a Mortgage With a Smaller Down Payment and No PMI. To get a sense of the rewards that could be easily earned with this card, let's say you use this card only to travel once a year. HSBC Premier World Elite MasterCard. Earn 2X FunPoints for every dollar spent on any purchases with Carnival Cruise Lines and 1X FunPoints on all other purchases. After you get the card, you’re free to drop the qualifying account or reduce its balance, but you must then begin to pay $95 a year for the card. *SuperMoney is not responsible for third party products, services, sites, recommendations, endorsements, reviews, etc. Earn 1 point per $1 for other eligible purchases. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely. We endeavor to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide. Getting a Business Loan When You Have Bad Credit. We value for those rewards at about $108 when redeemed for travel, and $77 for other uses. The following fees apply to HSBC Premier World Mastercard: Yes, HSBC Premier World Mastercard reports your account activity to the following credit reporting agencies: Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit. Its $95 annual fee is waived for HSBC Premier customers and there's a one-time offer worth between $400 and about $500, depending on how it’s redeemed. Let’s further assume you spend an additional $1,500 on travel purchases throughout the year on a mix of attractions, tours, ferries, and other costs that qualify for 2 points per dollar rewards on this card. Naturally, you can use the card for other purchases, too. Any points earned from eligible purchases will be posted to your HSBC account within one to two billing cycles after the purchase is made. Latest reviews of HSBC Premier World MasterCard. of 24.99% Earn 2 Amtrak Guest Rewards points per $1 spent with Amtrak and 1 point spent on all other purchases. Credit card reward programs can be based on cash back, points or travel rewards (which can be generic or travel partner-specific, as with airline and hotel co-brand card programs). Find out in our HSBC Premier Checking Account review. It's usually quickest to apply online, but if you're having trouble with your application, we're here to help - just head to our contact us page. Visit the HSBC Premier World Mastercard website. For those who don’t already hold the HSBC credit card, you may want to read my recent review here which covers the pros and cons of the card.. For those of you who already hold the card, you’ll need to register your card for HSBC LoungeKey access. that ranges from There is also a free version called the HSBC Premier Mastercard which I review here. up to 18.99%. 1x Reward Points will be awarded for every RM1.00 Eligible Spend transaction charged and posted to your HSBC Premier World Mastercard Credit Card and there is no capping on the 1x Reward Points. For one, you would need to spend around $3,500 a year on travel purchases, and also redeem them for travel, in order to fully justify the annual fee. This means you earn a percentage of your purchase as a cash reward. The Chase Sapphire Preferred, for example, offers 2 Ultimate Rewards points per dollar on dining and travel, each worth a little more than HSBC points when used for travel, according to Investopedia’s valuation. If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit. 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