HSBC Points Value UK: How Much Are Points Worth?

Rewards Value Calculator
HSBC Premier points are worth 0.33p on average while standard HSBC points are worth 0.2p each. Get the list of redemptions and calculate the cash value.
Last Updated 2021-01-30

HSBC offers credit cards that earn standard HSBC Points and credit cards that earn HSBC Premier Points. HSBC Points are worth around 0.2p each while HSBC Premier Points have a slightly higher value of 0.33p.

How much are HSBC points worth?

The Point Calculator values HSBC Premier Rewards points at 0.5p to 1p each when transferred to HSBC UK's airline partners. This means that 10,000 HSBC Premier Rewards points are worth £50 to £100.

Standard HSBC points earned with non-Premier HSBC credit cards are worth 0.2p each meaning that 10,000 points are worth £20.

HSBC UK points value

Redemption option Redemption value
Transferring HSBC Premier Rewards points to airline partners 0.5p - 1p
Redeeming HSBC Premier Rewards points with Laithwaite's Wine 0.35p - 0.42p
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

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 are worth about 0.66p each on average since you can redeem points for Vouchers at 0.33p each. A single airline mile from any of HSBC's partners will typically be significantly more than 0.66p, especially for premium and upper class redemptions.

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

List of HSBC UK Premier transfer partners

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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

Redeeming points for Laithwaite's Wines

HSBC Premier Rewards points can be redeemed for a selection of Laithwaite's luxury wines. The value you get out of your points will vary, but the examples provide ranges of 0.35p to 0.42p based on the retail price.

Do note that Laithwaite's has more than what's listed as examples.

HSBC Premier range Points needed Retail price Point value
Single Prosecco 5,278 £19.98 0.37p
Mixed Trio including Rosé 8,950 £34.46 0.38p
Monkey Shoulder Blended Malt Scotch Whisky (70cl) 10,850 £37.99 0.35p
Essentials Mixed Case 6 bottles 14,125 £59.93 0.42p
Essentials Mixed Case 12 bottles 26,519 £111.87 0.42p

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.

Convert HSBC UK Rewards points to pounds

Use the HSBC Points Value Calculator to determine the average cash value of HSBC rewards points when used for flights, vouchers, and more. This will give you an idea of how much your points are worth.

Enter any amount of HSBC points to calculate the cash value.
Points
Redemption Average Dollar Value
Transferring HSBC Premier Rewards points to airline partners £0 - £0
Redeeming HSBC Premier Rewards points with Laithwaite's Wine £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

FAQ

How much are HSBC UK points worth?

Points earned with HSBC Premier Rewards cards are worth 0.5p to 1p each when transferred to airline partners. All other redemptions are 0.33p and lower.

Can you transfer HSBC UK points to partners?

Yes. You can convert 2,000 HSBC Premier Rewards points to 1,000 airline miles with British Airways, Cathay Pacific, Singapore Airlines KrisFlyer, or Etihad.