HSBC Premier World Elite Mastercard Review

HSBC Premier World Elite Mastercard is a rewards credit card issued by HSBC Bank USA. 

Good credit. This card is designed for people with good credit. The minimum credit score to apply is 700.

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.

Pros & Cons of HSBC Premier World Elite Mastercard

Pros	Cons
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.	Very high annual fee

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.

This card features rewards for purchases in the following categories:

• Airfare
• Car Rentals
• Every Purchase
• Hotels
• Restaurants
• Trains, Cruises, Other Travel

HSBC Premier World Elite Mastercard Rewards

Rewards rate (all purchases)	N/A
Max rewards rate	N/A
Annual rewards limit	0
Signup Bonus ($)	N/A
Signup Bonus (Points/Miles)	50000
Signup Bonus Spend Requirement	$4000
Annual Loyalty Bonus	$100

What are the HSBC Premier World Elite Mastercard benefits?

HSBC Premier World Elite Mastercard provides the following benefits:

• Free Credit Score
• Auto Rental Collision Damage Waiver
• Emergency Support
• Extended Warranty Protection
• Trip Cancellation Insurance
• Fraud Liability
• Price Protection
• No blackout dates when redeeming miles
• Travel Assistance
• ID Theft Protection
• Reports to major credit bureaus

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

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.

What are the HSBC Premier World Elite Mastercard fees?

$395 Annual Fee. HSBC Premier World Elite Mastercard charges an annual fee of $395. No 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.

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%
Balance Transfer Fee	3%
Minimum Balance Transfer Fee	$5
Returned Payment Fee	up to $25
Late Payment Fee	up to $37

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

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

• Equifax
• Experian
• Transunion

Making regular and on-time payments on a credit card that reports your account activity to credit bureaus will demonstrate that you consistently manage debt well and can help increase your credit scores.

How to apply for HSBC Premier World Elite Mastercard

• Visit the HSBC Bank USA website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
• 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.