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
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|
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|
|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|
Donating points to charity
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.
|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|
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.