HSBC Premier World Elite Mastercard
Review the benefits of the HSBC Premier World Elite Mastercard, calculate how many HSBC Points you can earn based on spend, and compare against top cards.
The HSBC Premier World Elite Mastercard is HSBC's premium credit card. It has a high annual fee, but offers bonus points on travel and dining purchases, $200 in annual travel credits, a high sign up bonus, and a lot more luxury travel benefits. If you're already rocking with HSBC, enjoy earning HSBC Points, and you're looking for a premium card, the HSBC Premier World Elite Mastercard isn't a bad option.
The HSBC Premier World Elite Mastercard features two bonus categories which are travel and dining purchases. There's no cap to the amount of bonus points you can earn spending in either category and no limit to the amount of points you can earn with the card overall.
Using the HSBC Premier World Elite Mastercard to pay for travel will earn you 3 HSBC Points per $1 spent. Travel purchases include airline, hotels, car rentals, transportation, and much more. With points being worth 1.5 cents each for airfare, you're looking at a nice 4.5% return.
When you use the HSBC Premier World Elite Mastercard to pay for dining, you will earn 2 HSBC Points per $1 spent. Dining includes fast food, fine dining establishments, and some food delivery services. At a rate of 1.5 cents per point, you're looking at a 3% return on dining which isn't bad.
The HSBC Premier World Elite Mastercard earns 1 HSBC Point on all non-category purchases. If you plan on redeeming your points for airfare, then you're looking at a 1.5% return which isn't bad at all. If you're redeeming points at 1 cent or lower, you'll want to go for a flat rate 1.5% cash back credit card or even a 2%+ cash back credit card.
Perks and Benefits
The HSBC Premier World Elite Mastercard offers $200 in annual credits, lounge access, discounts, and lots of other elite travel benefits.
$100 Annual Air Credit
Every year you will receive up to $100 in statement credits as reimbursement for travel purchases charged to the HSBC Premier World Elite Mastercard such as tickets, seat upgrades, baggage fees, and in-flight purchases.
As a HSBC Premier World Elite Mastercard member, you will receive complimentary membership to over 1,000 airport lounges worldwide with Lounge Key. You'll get two free lounge visits per year and can pay $32 per person for additional visits. Lounge Key also grants a 15% discount at hundreds of airport retailers which includes duty free shops, restaurants, and spas.
Global Entry/TSA PreCheck
The HSBC Premier World Elite Mastercard offers up to a $100 statement credit as reimbursement for either a Global Entry or TSA PreCheck application. Both programs are great for those who travel frequently. TSA PreCheck comes with Global Entry, so I recommend going for Global Entry if you can and plan on traveling internationally in the future.
With the HSBC Premier World Elite Mastercard, you will receive protection for physical damage and theft to most rental vehicles. This is a nice benefit for anyone looking for a little bit more protection on their rental.
MasterCard Travel & Lifestyle Services
The HSBC Premier World Elite Mastercard will grant you access to Mastercard Travel & Lifestyle Services. This benefit offers luxury travel perks, amenities, and upgrades at some travel destinations. These services can be accessed through phone, email, and online platforms.
Mastercard Airport Concierge
You can enjoy a 15% discount on Airport Meet and Greet services with your HSBC Premier World Elite Mastercard. This gives you a dedicated Meet and Greet agent to escort you through the airport on departures, arrivals, or connecting flights.
World Elite Concierge Services
With the HSBC Premier World Elite Mastercard, you'll have access to Mastercard's World Elite Concierge Service which is complimentary, 24/7 concierge service. With this service you'll be able to receive help for various tasks including travel planning, dining reservations, sporting events, and ticket reservations.
Boingo Wi-Fi Access
As an HSBC Premier World Elite Mastercard member, you will be able to enjoy complimentary unlimited premium Wi-Fi at over a million hotspots worldwide with Boingo. You can connect up to four devices simultaneously.
You will receive complimentary ShopRunner members which gives you unlimited, free 2-day shipping and free return shipping at over 140 online stores. This is a great benefit for anyone that shops at online retailers. You complimentary membership isn't tied directly to your card, so you don't have to use the HSBC Premier World Elite Mastercard to pay for your online purchases.
Annual $100 Uber/Lyft Credit
Every year, you will receive up to $100 in statement credits towards rides with Uber and Lyft when you pay with the HSBC Premier World Elite Mastercard.
Get $5 off on orders of $25 or more when you use the HSBC Premier World Elite Mastercard to pay for your Postmates food, drinks, or grocery delivery.
Priceless Golf & Cities
The HSBC Premier World Elite Mastercard grants you discounted access to select golf courses, complimentary grounds passed for PGA Tournaments, and Priceless Lessons with PGA Tour professionals.
Priceless Cities offers you the ability to engage in exclusive events in the cities you live, shop, and travel in.
HSBC Premier World Elite Mastercard members will receive $5 in Fandango Rewards for every 2 movie tickets purchased.
You'll receive 5% Boxed cash rewards on eligible purchases made on Boxed.com. Boxed cash rewards can be applied to future purchases for discounts.
Cell Phone Protection
The HSBC Premier World Elite Mastercard provides reimbursements up to $600 per claim if your cellphone is stolen. This is great benefit for anyone who wants to add a little bit of extra protection to their phone.
The HSBC Premier World Mastercard comes with a nice handful of useful travel insurance and protections. They include:
- Trip Cancellation Insurance
- Travel Accident Insurance ($1 million)
- Hotel & Motel Burglary Insurance ($1.5k per claim)
- Lost Luggage Insurance ($1.5k per claim)
- Baggage Delay Insurance ($250 per claim)
Sign Up Bonus
The standard sign up bonus for the HSBC Premier World Elite Mastercard is 50,000 points after spending $4,000 in the first 3 months of account opening. This sign up bonus is worth $750 in value when redeemed for airfare at 1.5 cents each. Points can also be transferred to a handful of travel partners at a 1:1 ratio.
Credit Card Fees
|Authorized User Fee|
|Foreign Transaction Fee|
The HSBC Premier World Elite Mastercard has an annual fee of $395 per year. The card offers $200 in annual credits which brings the actual fee down to $195. While the card is not bad, it can be hard to squeeze $195 in value out of the remaining benefits. It depends on how much you value the cards travel coverage/insurance, Lounge Key access, and Global Entry/TSA PreCheck application.
Authorized User Fee
Adding authorized users to the HSBC Premier World Elite Mastercard will cost you $65 per user. Authorized users will have to run some heavy spend through the card in order to make up for that steep fee.
Foreign Transaction Fee
The HSBC Premier World Elite Mastercard has a 0% foreign transaction fee which makes it a great option for international spending and travel.
You can use this rewards calculator to calculate how many points, miles, or cash back you can earn based on your spend per category. This calculator will also give you the dollar value of the card based on rewards earned and how much each benefit is worth to you minus the fees. You can click the Compare A Card button to compare this card against another card in the same calculator.
All category spend entered in the primary card's column will carry over to all credit card pages on the site so you don't have to re-enter the same information over again.
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