HSBC Premier World Elite Mastercard
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| Purchase APR (Variable APR) | 14.99% - 18.99% |
| Balance Transfer APR (Variable APR) | 14.99% - 18.99% |
| Credit Score Range | 650 - 850 |
| Annual Fee | $395 |
HSBC Premier World Elite Mastercard Review
This 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 review will provide you with with all the details you need to make a good choice.
- Generous reward rate. You will get a rewards rate of up to 3x.
- Signup bonus. Offers a signup bonus of 50000 points after spending $4,000 within 3 months that can be redeemed for travel, gifts, or other perks.
- Competitive APRs. HSBC Premier World Elite Mastercard has a variable purchase APR that ranges from 14.99% up to 18.99%.
- 4% Balance transfer fee. HSBC Premier World Elite Mastercard charges a fee of 4% on balance transfers. For example, a balance of $1,000 could cost $40 in transfer fees. The minimum fee is $10.
- No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
- Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, airline credit, access to a concierge, emergency support, extended warranty protection on purchases, identity theft protection, price protection, purchase protection, travel accident insurance, travel assistance, trip cancellation insurance, and fraud protection.
- Fair or better credit required. You will have good approval odds if your credit score is above 650.
| The Good | The Bad |
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Does HSBC Premier World Elite Mastercard have a cash back or rewards program?
HSBC Premier World Elite Mastercard is a travel rewards card.
| Minimum rewards rate | 2x |
| Max rewards rate | 3x |
| Annual rewards limit | N/A |
| Signup Bonus (Points/Miles) | 50000 |
| Signup Bonus Spend Requirement | $4000 |
| Signup Bonus Spend Period (months) | 3 months |
| Annual Loyalty Bonus | $100 |
Does HSBC Premier World Elite Mastercard have a signup bonus?
This card 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, it offers cardholders an annual bonus worth up to $100.
What are the HSBC Premier World Elite Mastercard benefits?
It provides the following benefits:
- Free Credit Score
- Auto Rental Collision Damage Waiver
- Emergency Support
- Extended Warranty Protection
- Trip Cancellation Insurance
- Zero fraud liability
- Price Protection
- Travel Accident Insurance
- Cell Phone Protection
- Travel Assistance
- Reports to major credit bureaus
What are the relevant APRs for HSBC Premier World Elite Mastercard?
According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has lower than average regular APRs.HSBC Premier World Elite Mastercard has a variable purchase APR that ranges from 14.99% up to 18.99%. The card has a variable balance transfer APR that ranges from 14.99% up to 18.99%. It also has a variable cash advance APR of 24.99% . Note that late payments are subject to an APR of 29.99% 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 intro APR offer on balance transfers?
No, it does not come with an intro APR offer for balance transfers.Does HSBC Premier World Elite Mastercard have an intro APR offer on new purchases?
This card does not offer an intro APR rate on new purchases.What are the fees for HSBC Premier World Elite Mastercard?
The following fees apply:
| Fees | Amount |
|---|---|
| Annual Fee | $395 |
| Foreign Transaction Fee | 0% |
| Returned Payment Fee | up to $39 |
| Late Payment Fee | up to $39 |
Does HSBC Premier World Elite Mastercard have a foreign transaction fee?
This card does not charge foreign transaction fees. If you are a frequent traveler, avoiding foreign transaction fees can save you hundreds of dollars in fees when you travel out of the country.What is the support contact email for HSBC Premier World Elite Mastercard?
The support contact email for HSBC Premier World Elite Mastercard is hsbcusahelp@us.hsbc.com.
How do people rate the customer service and user experience of HSBC Premier World Elite Mastercard?
We currently don't have sufficient reviews to provide a reliable SuperMoney community rating for this product.
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 your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.
Contact
- Headquarters
-
425 Fifth Avenue
New York, NY 10018 - Visit Site
- Email Support
Other Services by HSBC Bank USA
Availability
- 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
| Foreign Currency Transaction Fee | 0% |
| No Foreign Transaction Fee | |
| No Interest Grace Period for Late Payment | 25 days |
| Cash Advance Fee Minimum | $10 |
| Cash Advance Fee (%) | Up to 5% |
| Minimum Cash Advance Fee ($) | Starting at $10 |
| Annual Fee | $395 |
| Minimum Interest Charge | $1 |
| Returned Payment Fee | Up to $39 |
| Additional Card Fee Amount | $65 |
| Late Fee Amount | Up to $39 |
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