Advertiser Disclosure – BestCards is an independent, Florida-based credit card comparison platform. Many of the card offers that appear on this site are from companies from which BestCards receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). BestCards does not include all card companies or all card offers available in the marketplace.
Editorial Disclosure – The opinions expressed on BestCards’ reviews, blogs, and all other content on or relating to the website are solely those of the content’s author. They are not reflective of any card issuer or financial institution and have not been reviewed or approved by these entities unless otherwise noted. Further, BestCards lists credit card offers that are updated daily with information believed to be accurate to the best of our knowledge.
Last updated on January 14th, 2022
HSBC Elite Credit Card
HSBC Elite Credit Card
Earn 50,000 Rewards Program Bonus Points
- Regular Purchase APR 17.99% to 21.99% variable based on creditworthiness and the Prime Rate
- Balance Transfer APR 17.99% to 21.99% variable based on creditworthiness and the Prime Rate
- Cash Advance APR 27.99% variable based on the Prime Rate
- Annual Fee $395
Credit NeededBestCards.com uses a variation of FICO Score 8, which is one of many different types of credit scores. A financial institution may use a different score when deciding whether to approve you for a credit card.Excellent
- Processing Network Mastercard
- Earn 3X points per dollar spent on new travel purchases, 2X points on dining, and 1X point on everything else
- Points earning is unlimited and points do not expire; earn statement credits for Uber, Lyft, and TSA Prev® enrollment
- Earn 50,000 Rewards Program Bonus Points - worth $750 in airfare - when you spend $4,000 in the first 3 months of account opening using HSBC Rewards online to book
- Rewards Program Points are transferable with partner airlines; Complimentary ShopRunner membership
- Unlimited LoungeKey™ airport lounge access
- Regular Purchase APR: 17.99% to 21.99% variable based on creditworthiness and the Prime Rate
- Balance Transfer APR: 17.99% to 21.99% variable based on creditworthiness and the Prime Rate
- Balance Transfer Transaction Fee: Either $10 or 4% of the amount of each transfer, whichever is greater
- Cash Advance APR: 27.99% variable based on the Prime Rate
- Cash Advance Transaction Fee: Either $10 or 5% of the amount of each transaction, whichever is greater
- Penalty APR: 32.24% variable based on the Prime Rate
- Annual Fee: $395
- Late Payment Penalty Fee: Up to $39
- Return Payment Penalty Fee: Up to $39
Browse these credit card deals and thousands of other offers by becoming a Bestcards Member.Join today!
At a Glance
Ideal for Those Who:
- Travel often and/or make frequent use of car rental services
- Allocate most of your credit card expenses towards travel and dining
- Are looking to add a hefty boost to your HSBC Rewards Program points balance
- Want a high-end credit card that doesn’t skimp on additional perks and statement credits for your annual purchases
- Can offset the card’s sizable annual fee
HSBC Elite Mastercard® Credit Card Review
The HSBC Elite Credit Card (formerly the HSBC Premier World Elite Mastercard) is an impressive travel rewards card with a hefty $395 annual fee to match its impressive perks.
The HSBC Elite card will open your eyes wide with its 50,000 bonus point sign-up bonus, which you can attain after spending at least $4,000 within your first three months of account opening (the first 90 days). It’s a steep asking price, but all those bonus points are worth $750 in airfare if you redeem them through HSBC’s own rewards portal. If you already plan to make several hefty purchases after opening an account, then the sign-up bonus just becomes the icing on the cake.
While you work to reach that $4,000 threshold – and continuing thereafter – you’ll earn 3X points per dollar spent on new travel purchases, 2X points when you dine out, and 1X points on everything else. That rewards structure is very generous, and points don’t expire while your account is open. When you’re ready to redeem your points, you can do so for flights, hotel reservations, or car rentals.
If you opt for flight tickets, you can, as stated above, use the HSBC Rewards portal (which you should, as it gives you more value) or book directly with the airline; if you choose the latter option, HSBC will reimburse you the cost as a statement credit. In addition, there are no blackout dates or seat restrictions. And, if you’re joined to a partner airline’s frequent flyer program, you can transfer your points with no hassle.
These perks are available to you along with a bevy of other benefits: free airport lounge visits via Mastercard Airport Experiences provided by LoungeKey, annual credit reimbursements for travel incidentals, statement credits for Uber, Lyft, and TSA Precheck enrollment, unlimited Boingo Wi-Fi access, and robust travel insurance coverage, including trip cancellation insurance. All of these bonuses carry a price, though: A $395 annual fee. While it’s not pocket change, it is less than what similar premium travel cards charge.
Should You Apply for the HSBC Elite Mastercard®?
So if you’re a confident spender and constantly find yourself traveling from one location to another – be it for business or pleasure – consider adding the HSBC Elite Mastercard® credit card to your arsenal.