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  HSBC Premier World Elite Mastercard

HSBC Premier World Elite Mastercard

in Personal Credit Cards from HSBC Bank USA

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HSBC Premier World Elite Mastercard

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in Personal Credit Cards from HSBC Bank USA

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Highlights
Purchase APR  (Variable APR) 17.24% - 21.24%
Balance Transfer APR  (Variable APR) 17.24% - 21.24%
Credit Score Range 670 - 850
Annual Fee $395

HSBC Premier World Elite Mastercard Review

HSBC Premier World Elite Mastercard is a rewards credit card issued by HSBC Bank USA. If you're wondering whether HSBC Premier World Elite Mastercard is the right card for you, read on. This is everything you need to know to make a good choice.

Key Takeaways
  • Generous reward rate. You will get a a rewards rate of up to 3x.
  • Earn a rewards rate of up to 3x.
  • Signup bonus. Offers a signup bonus of 50000 points after spending $4,000 that can be redeemed for travel, gifts, or other perks.
  • High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR that ranges from 17.24% up to 21.24%.
  • 3% Balance transfer fee. HSBC Premier World Elite Mastercard charges a fee of up to 3% on balance transfers. For example, a balance of $1,000 could cost up to $30 in transfer fees. The minimum fee is $5.
  • $0 foreign transaction fee. This card does not charge foreign transaction fees, which makes a great credit card to carry with you when traveling abroad.
  • Multiple credit card benefits. Includes generous credit card perks, such as airline credit, access to a concierge, Global Entry / TSA Precheck Fee Credit, price protection, purchase protection, and fraud protection.
  • Good or better credit required. You should probably try with another card if your credit score is below 670.
HSBC Premier World Elite Mastercard Pros & Cons
The Good The Bad
  • Unlimited Rewards Program Points with no expiration
  • No blackout dates or seat restrictions.
  • Complimentary membership to a network of 850+ airport lounges, plus two free lounge visits per year, and up to 15% off airport retailers
  • Reimbursement for seat upgrades, baggage fees, in-flight purchases, as well as rides with Uber and Lyft.
  • Multiple credit card perks.
  • Airline Credit.
  • Access to a concierge.
  • Global Entry / TSA Precheck Fee Credit.
  • No foreign transaction fee.
  • Cardholders can earn rewards on purchases everywhere HSBC Premier World Elite Mastercard is accepted.
  • HSBC Premier World Elite Mastercard reports to multiple credit bureaus.
  • Very high annual fee
  • Higher than average purchase APRs.
  • Requires good to excellent credit.
  • Charges an annual fee of $395
  • Charges a 3% balance transfer fee.
HSBC Premier World Elite Mastercard FAQ

Is there a HSBC Premier World Elite Mastercard cash back or rewards program?

HSBC Premier World Elite Mastercard offers a rewards program to its customers.

HSBC Premier World Elite Mastercard Rewards
Minimum rewards rate (all purchases) 2x
Max rewards rate 3x
Annual rewards limit N/A
Signup Bonus (Points/Miles) 50000
Signup Bonus Spend Requirement $4000
Annual Loyalty Bonus $100

Does HSBC Premier World Elite Mastercard have a signup bonus?

HSBC Premier World Elite Mastercard doesn't offer a cash signup bonus. However, it does include a 50000 points signup bonus after spending $4000 that can be redeemed for travel, gifts, or other perks.

Does HSBC Premier World Elite Mastercard offer an annual loyalty bonus?

Yes, HSBC Premier World Elite Mastercard offers card users an annual bonus worth up to $100.

What are the HSBC Premier World Elite Mastercard benefits?

HSBC Premier World Elite Mastercard provides the following benefits:

  • Price Protection
  • Cellular Telephone Protection
  • ID Theft Protection
  • Reports to major credit bureaus

What are the relevant APRs for HSBC Premier World Elite Mastercard?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. HSBC Premier World Elite Mastercard has higher than average purchase APRs.

HSBC Premier World Elite Mastercard has a variable purchase APR that ranges from 17.24% up to 21.24%. The card has a variable balance transfer APR that ranges from 17.24% up to 21.24%. The card has a variable cash advance APR of up to 27.24%.

Note that late payments are subject to an APR of 32.24% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

Does HSBC Premier World Elite Mastercard have an introductory APR offer on balance transfers?

No, HSBC Premier World Elite Mastercard does not come with an introductory APR offer for balance transfers.

Does HSBC Premier World Elite Mastercard have an introductory APR offer on new purchases?

HSBC Premier World Elite Mastercard does not offer an introductory rate on new purchases.
HSBC Premier World Elite Mastercard Purchase Intro Offer
Description
Introductory Rate N/A
Purchase Intro APR Period (months) N/A

What are the fees for HSBC Premier World Elite Mastercard?

The following fees apply to HSBC Premier World Elite Mastercard:

HSBC Premier World Elite Mastercard Fees
Fees Amount
Annual Fee $395
Foreign Transaction Fee 0%
Returned Payment Fee up to $25
Late Payment Fee up to $37

Does HSBC Premier World Elite Mastercard have a foreign transaction fee?

HSBC Premier World Elite Mastercard does not charge foreign transaction fees. If you are a frequent traveler, this can save you hundreds of dollars in credit card fees when you travel out of the country.

Does HSBC Premier World Elite Mastercard report your account activity to credit bureaus?

Yes, HSBC Premier World Elite Mastercard reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for HSBC Premier World Elite Mastercard

  • Visit the HSBC Premier World Elite Mastercard website.
  • Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
  • Check the information is accurate and submit your application.
  • If you're denied click here to find out why your application may have been rejected and what you can do about it.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Every Purchase (Points) Earn 3X Rewards Program Points on new travel and 2X Rewards Program Points on dining. 1 X Points on all other purchases.
Foreign Currency Transaction Fee 0%
No Foreign Transaction Fee  
No Interest Grace Period for Late Payment 25 days
Cash Advance Fee Minimum $5
Cash Advance Fee (%) Starting at 3%
Minimum Cash Advance Fee ($) Starting at $5
Annual Fee $395
Minimum Interest Charge $0.50
Returned Payment Fee Up to $25
Additional Card Fee Amount $65
Late Fee Amount Up to $37
Customer Type Personal
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
  • Tax Returns
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Credit Score Range 670 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Airline Credit
  • Auto Rental Collision Damage Waiver
  • Cellular Telephone Protection
  • Concierge
  • Emergency Support
  • Extended Warranty Protection
  • Fraud Liability
  • Free Credit Score
  • Global Entry / TSA Precheck Fee Credit
  • Identity Theft Protection
  • Price Protection
  • Purchase Protection
  • Travel Accident Insurance
  • Travel Assistance
  • Trip Cancellation Insurance
Bonus Rewards Earn 50,000 Rewards Program Bonus Points worth $750 in airfare when booked online through HSBC Rewards, after spending $4,000 in the first three months of account opening.
Annual Airline Credit Up to $100
Annual Loyalty Bonus $100
No Reward Expiration Period  
Rewards Rates
  • Airfare
  • Car Rentals
  • Every Purchase
  • Hotels
  • Restaurants
  • Travel
Signup Bonus (points) 50,000
Cash Advance APR (Variable APR) Up to 27.24%
Balance Computation average daily balance
Penalty APR (Variable APR) 32.24%
Purchase APR (Variable APR) 17.24% - 21.24%
Balance Transfer APR (Variable APR) 17.24% - 21.24%
Balance Transfer Fee Minimum $5
Balance Transfer Fee % 3%
Card Type
  • Rewards
  • Balance Transfer
  • Travel
  • Airline
  • Bonus Offers
Card Network Mastercard

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