But they are doubling down on the travel rewards giving you an opportunity to earn up to 100,000 points. This is about a $100 value. Thanks for flagging that, I’ve updated my post! I have other three cards with a total of 11,500 of credit. Mastercard Airport Experiences Provided by LoungeKey (fee per visit still applies), 10% discount on select hotel bookings on your card with Expedia and Agoda, Unlimited Wi-Fi through Boingo at over 1 million hotspots worldwide. This card not only lets you earn rewards on all eligible travel purchases, but it also offers no foreign transaction fees. Conditions Apply. Refer to the HSBC World Elite Rewards Program Terms and Conditions for complete details. The flexibility of your HSBC Rewards points will also appeal to people who travel with different airlines. For Quebec residents, please click here. In response to the pandemic, the HSBC World Elite Mastercard is waiving the annual fee with a rebate for the first year if you apply before December 28, 2020. Send your completed form to: HSBC Expat HSBC House Esplanade, St Helier … No foreign transaction fees. It seems to me that these restrictions are broader than some other credit cards. This isn’t bad considering some cards require you to charge 100% of your expenses if you want your insurance to be valid. That is, it has its own proprietary reward program but it also allows you to convert point from the HSBC Rewards program to several airline frequent flyer programs. Hi Barry, keep up the great work on reviewing credit cards. HSBC World Elite® Mastercard® Review 2021 Welcome Bonus of 20,000 Points ($100 in travel rewards) Rewards and benefits. Each credit card has its eligibility and strengths or weaknesses for you to consider. I don’t have my wife carry the card only for the perks. To apply for the HSBC World Elite® Mastercard®, first, make sure that you meet the eligibility requirements. Even though there’s an annual fee, you do get a yearly $100 travel enhancement credit which can be applied towards things such as select airline seat upgrades, airline baggage fees and airport lounge passes. EQ Bank Review 2021 | Get 1.50% interest*. In fairness, one event was a $20 purchase in Milan, which was a location not on the original itinerary, but when it happened again a day later — when family was where we had notified the bank they would be and i was where i was reported to be — i’d had enough. With significant travel insurance offerings and an annual $100 travel enhancement credit, HSBC World Elite® … If you can meet the £12,000 spend in the first 12 months, then this World Elite Mastercard may be a better option because it comes with a huge haul of HSBC points that can be converted to a generous amount of airline points/miles. Additional cards will cost $50 per year. Travel Benefits $100 Air Travel Statement Credit The $100 Air Travel Statement Credit (“Statement Credit”) offer applies to new purchases (minus returns, credits and adjustments) made using your HSBC Premier World Elite Mastercard® credit card every year from January 1 through December 31 (“Calendar Year”). With each point worth 0.5 cents when redeemed for travel , … All current cardholders were grandfathered so you still don’t pay foreign transaction fees. Cardholders benefit from comprehensive travel insurance coverage and other protections. 25,000 HSBC Rewards points transfer to 9,000 Singapore Krisflyer Miles, 25,000 HSBC Rewards points transfer to 10,000 British Airways Avios, Travel medical – $1,00,000 for 31 days if you’re under the age of 65, Trip cancellation/trip interruption – up to $2,000 per person / $5,000 total, Delayed and lost baggage – up to $750 / 12 hours ($200 for essential items after 12 hours), Common carrier travel accident – $500,000, Auto rental collision / loss damage – 31 consecutive days / $65,000. About the HSBC Premier credit card. With the launch of the HSBC World Elite MasterCard in 2018, HSBC can now be considered a major player in bank loyalty programs. I have no idea when this changed. The HSBC World Elite® Mastercard® is an elite travel rewards credit card for established customers, avid travelers, and consumers with higher monthly spending. The HSBC World Elite Mastercard comes packed with travel benefits and HSBC Rewards is highly flexible which is why this card should be on your radar. $100K minimum balance in HSBC? The HSBC Premier World Mastercard offers decent rewards, solid benefits, and a one-time offer that’s worth between $400 and about $500, depending on how it’s redeemed. There’s a $149 primary card annual fee. Find out more about Mastercard Airport Experiences and to enjoy the dining, retail and spa offers please register at https://airport.mastercard.com. To start, the HSBC World Elite Mastercard is one of a few cards that waives the 2.5% foreign transaction fee. TIA. I am considering getting this HSBC World Elite card. Thinking about switching from the Capital One Aspire Travel Elite as well. What do you think are my chances of getting it? Since it takes 200 points to claim $1 in travel, the 40,000 welcome points are worth $200 in travel. In addition to emergency medical insurance and baggage insurance, cardholders who charge at least 75% of trip expenses to their card will enjoy trip cancellation and delay coverage. TO be honest, most of them are pretty crap but I can’t believe that HSBC can’t provide you support or guidance. Download application form (PDF, 1.2MB) Download application form (PDF, 1.2MB) This link will open in a new window. Points earned on eligible travel purchases can be redeemed for rewards valued at up to 3% of the amount spent to earn them, and Points earned on all other eligible purchases can be redeemed for rewards valued at up to 1.5% of the amount spent to earn them. I just looked at the application requirements and you’re right, you do need to be an HSBC Premier client to apply for this card. I should also mention that if you’re a resident of Quebec, the sign up bonus is usually different. Another fantastic benefit of this card is the $100 annual travel enhancement credit that customers can redeem towards seat upgrades on flights, towards airline fees or lounges, and other travel-associated costs. Provided you can put through £12,000 over the course of the year, your equation would be £195 for 52,000 Avios (or other miles). Users can also convert HSBC reward points for frequent flyer rewards with a number of airlines, including British Airways and Cathay Pacific Asia. Quite often the Quebec offer is better than the rest of the country. This is everything you need to know to make a … On that basis, you’re effectively ‘buying’ Avios at 0.3p each – a superb rate. Similar to our insurance study, we did extensive research into the dollar value of credit card perks and benefits to come up with these estimated values. Am I still eligible for those sign up benefits? Hi Tony, All rights reserved, Hotel Credit Cards That Come With a Free Night, TD Aeroplan Visa Infinite Credit Card Review. When HSBC launched this card earlier this year it became … At the moment it seems HSBC has changed the welcome offer for the World Elite Mastercard, as now you get 20,000 points ($100 value) as a welcome bonus as long as it’s a new account and you make your first purchase. I guess because it’s 2020 the thinking is that people carry their phones on them all the time, so it’s easier to check their daily transactions on their phone rather than having to find a desktop computer. Hi Barry – I acquired the Amazon.ca Rewards Visa card strictly for the no transaction fee charge on foreign exchange. This insurance covers loss, damage, theft, or other hazards. However, if you … My HSBC World Elite Mastercard review is positive. Earn 6 Points on every $1 of eligible travel purchases, up to a maximum of $50,000 in eligible travel purchases charged to your HSBC World Elite® Mastercard® in a calendar year. Key facts: No annual fee, card only available to HSBC Premier current account holders. However, the card also boasts flexible cash-in for other categories. Thank you, Barry! Rates and Fees. There is a full annual fee rebate for the Primary Cardholder for the first year. These rates are competitive, and with a 21-day interest-free period following every purchase, the HSBC World Elite® Mastercard® is highly attractive. I already have 2 World Elite MC’s, I shouldn’t add another one, and besides I’m not with HSBC for banking anyways. As you can see, there’s no set formula when it comes to the transfer of miles, but think about the potential of your earnings. . HSBC World Elite Mastercard Review The HSBC World Elite Mastercard is a relatively new card in the Canadian market. The HSBC World Elite Mastercard ticks all those boxes. The HSBC World Elite Welcome Bonus is 20,000 Points upon your first purchase. Thanks for this, I’ve updated the article. HSBC World Elite Mastercard Review; HSBC World Elite Mastercard (Canada) Reviewed by Credit Carrots (2020) TL;DR: The HSBC World Elite Mastercard offers a middle-of-the-road rewards point earn rate. Or balance transfers and cash advances and the additional Terms great incentive to apply in-branch 11,500 of credit also. First year strategies, Sarah is most likely hanging out with her and... The minimum deposit with HSBC rewards, HSBC World Elite Mastercard ticks all boxes... Pointed out welcome offer on this card not only lets you earn rewards on all eligible purchases! My HSBC World Elite Mastercard travel insurance coverage and other benefits that these restrictions are broader than other! 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