There is now a 30,000 point offer.
Reader Tom E asked me to look into the First Hawaiian Bank Priority Destinations World Elite MasterCard so here is our review of that card. If there is a credit card you want us to review, contact us and we will!
Card Basics
- Sign up bonus of 25,000 Priority Miles after $1,500 in spend within the first three months
- Annual fee of $50 is waived first year
- Card earns at the following rates:
- 5x miles per $1 spent on travel for the first $6,000 per calendar year and then 2x miles
- 2x miles per $1 spent on everyday purchases (gas, grocery, cable TV, phone and other monthly utilities)
- 1x miles per $1 spent on all other purchases
- No foreign transaction fees
- No limited on the amount of miles you can earn
How Much Are Points Worth?
That depends on what you redeem them for:
- Airfare: 1¢ per point
- Gift cards:
- $25 = 5,000 miles (0.5¢)
- $50 = 7,500 miles (0.666¢)
- $100 = 14,000 miles (0.714¢)
- Cash:
- $50 = 6,250 miles (0.8¢)
- $100 = 12,500 miles (0.8¢)
- $250 = 31,250 miles (0.8¢)
Eligiblity
First Hawaiian Bank only accept online applications from Hawaii, Guam and CNMI. I’m not sure if these restrictions are enforced for phone applications or in person applications, feel free to let us know in the comments.
Other Cards
They also offer some other interesting cards such as United MileagePlus Credit Card (5,000 mile bonus and 1x spent on all purchases) and the Cash Rewards card (no sign up bonus but rotating 3% categories with an annual limit of $300 cash back).
Our Verdict
I think the cash rate gives you a good idea of how much these points are actually worth (0.8¢ per point), that makes the sign up bonus worth $200 and the card basically earns 4% on travel. I wouldn’t use it for any of the other purchases as you can get 2% or more cash back on all purchases with other cards. I think it’s at least worth considering for the first year (it’s one of the better cash sign up bonuses), but doesn’t make a lot of sense to keep long term.
Not worth it if/when you have or qualify for other travel cards like Chase or Capital One, etc. I have both of those along with various hotel travel cards and the FHB redemption rate is bad so you know you’re giving up points through FhB. There is also sacrifice of travel protections that might come with other cards but not FHB. Now I’m trying to find to figure how to get out of FhB in the least damaging way. Probably will redeem for cash and gift cards.
received a mail today which is offering 75,000 miles after 3000 spent.