HSBC offers two credit cards to Premier members:
Previously becoming a Premier required a Premier checking account with $100,000+ in deposits & investments/assets. That is no longer the requirement as you can become a Premier member by doing one of the following:
- Have at least $75K in total deposits and/or investments, OR…
- Have at least $5K in direct deposits per month, OR…
- Maintain U.S. residential mortgage loan with an original loan amount of at least $500K
The direct deposit option makes this much easier for many readers to become Premier members. Some will even already be Premier members from the various HSBC checking bonuses offered. The Premier World Elite card comes with a 50,000 point sign up bonus, but it also carries a $395 annual fee (plus $100 in Uber/Lyft credits and $100 in air travel credits). The Premier card only offers 35,000 points, but there is no annual fee for Premier clients.
Hat tip to reader Mark R
