Quick Overview

  • Redemption Options: HSBC UK Premier points can be redeemed for vouchers, donated to charity, or transferred to airline and hotel partners for maximum value.
  • Premier Points Value: Points are worth 0.33p when redeemed for vouchers and can increase to 0.5p or higher when transferred to airline partners.
  • Standard Points Value: Standard HSBC UK points can only be used against card charges at a rate of 500 points for £1, valuing them at 0.2p per point.

Use our HSBC points value calculator to calculate HSBC points to pounds when redeemed for vouchers, statement credits, travel, and more.

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HSBC points value

How much are HSBC points worth?

HSBC Premier Points are worth 0.33p on average which is the value you'll receive when redeeming points directly through HSBC for travel and other various redemptions. You can obtain significantly higher value out of HSBC Premier points by transferring them to HSBC UK's airline partners which can give you anywhere from 0.5p to 1p per point on average.

Standard HSBC points, earned with non-Premier credit cards, are only worth 0.2p each. 500 points earned with these cards are equal to a low value of £1.

Here's the breakdown on HSBC points value:

HSBC Rewards points value
Redemption option Redemption value
Transferring HSBC Premier Rewards points to airline partners 0.5p - 1p+
Redeeming HSBC Premier Rewards points for vouchers 0.33p
Donating HSBC Premier Rewards points to charity 0.33p
Redeeming standard HSBC points against card charges 0.2p

You will get the best value out of your HSBC UK Premier points when transferring them to HSBC's airline and hotel partners. All other redemptions will give your points lower value.

HSBC Premier Rewards for miles

HSBC Premier Rewards points can be transferred to a handful of select airline partners at a 2:1 ratio. This means that 2,000 HSBC Premier Rewards points can be converted to 1,000 airline miles.

Looking at the math:

  • 2 HSBC Premier Rewards points: Worth 0.66p in value when redeemed for vouchers.
  • 1 airline mile: Worth around 1p on average, but can be worth more for premium and upper class redemptions.

This makes transferring HSBC Premier Rewards points to HSBC UK's airline partners the best redemption option.

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Redeeming points for vouchers

HSBC Premier Rewards points can be redeemed for vouchers to shop at top retailers starting at 1,500 points for a £5 voucher. This gives your points a value of 0.33p each.

Value of voucher Rewards points needed
£5 1,500
£10 3,000
£50 15,000

HSBC Premier Rewards points can be donated to several charities. Every 1,500 points you donate is worth a £5 donation which gives your points a value of 0.33p each.

Redeeming standard HSBC points

Standard HSBC points earned with the HSBC Rewards Credit Card can only be applied towards purchases made to the card. Every 500 points earned is worth £1 meaning that you'll get 0.2p in value per point redeemed.

Points can be redeemed on the HSBC website or via the Pay with Rewards app.

HSBC points value calculator

Use the HSBC Points Value Calculator to calculate HSBC points to pounds when redeemed for flights, vouchers, and more. This will give you an idea of how much your points are worth.

Calculator: How much are your HSBC points worth?

Enter any amount of HSBC points to calculate the cash value.
HSBC Points
Redemption Average Dollar Value
Transferring HSBC Premier Rewards points to airline partners £0 - £0
Redeeming HSBC Premier Rewards points for vouchers £0
Donating HSBC Premier Rewards points to charity £0
Redeeming standard HSBC points against card charges £0

Average redemption value

The table below lists the average value of HSBC Premier points based on the value of 0.5p which is the lower value you'll receive when transferring points to HSBC's airline partners. Remember that you can get significantly higher value redeeming points for upper class redemptions.

HSBC points redemption values
HSBC points Cash value
1 Point £0.005
1,000 Points £5
2,000 Points £10
3,000 Points £15
4,000 Points £20
5,000 Points £25
10,000 Points £50
20,000 Points £100
25,000 Points £125
30,000 Points £150
40,000 Points £200
50,000 Points £250

Earning HSBC points

HSBC UK offers three credit cards—two Premier Cards and one standard credit card.

Points earned with HSBC's Premier Cards can be converted into airline miles and have higher overall value while standard HSBC Rewards credit cards offer low valued points at depressing earning rates.

Click on any of the cards below to learn more and to calculate total HSBC points and card value based on spend, benefits, and fees. Compare results side-by-side other top travel rewards credit cards.

HSBC Premier World Elite™ Mastercard®
HSBC Premier World Elite™ Mastercard®
HSBC Premier Credit Card
HSBC Premier Credit Card
HSBC Rewards Credit Card
HSBC Rewards Credit Card