Update 2/16/26: At some point they also added a $5 monthly TV subscription credit. Also, 3x unlimited points on gas and groceries. Still the same 50k signup bonus.
Update 10/20/24: Bonus now 50,000 points.
Update 8/24/24: There’s now a $95 annual fee. Private banking clients get the annual fee waived.
Original Post:
HSBC offers their Premier World card for Premier relationship members with no annual fee. (This is a different card than the Elite card which has a $495 annual fee.)
Contents
Card Details
Direct Link to HSBC Premier Card
- Card comes with 35,000 points signup bonus when spending $3,000 within the first 3 months. These points are worth either $350 as cash or $400 (possibly a little more) toward air travel. Points can also be transferred 1:1 to British Airways, Iberia, Aer Lingus, Emirates, Singapore, Turkish, Wyndham, Accor and others. Points can also be used through their travel portal (goes through Priceline) at a value of 1.25cpp.
- $0 annual fee for Premier clients (card is only available for signup to Premier clients)
- No foreign transaction fees
- 3x points on gas and groceries; 2x points on travel; 1x on everything else
- Enjoy complimentary unlimited premium Wi-Fi at over a million secure hotspots worldwide with Boingo. Get simultaneous access for up to four devices.
- Experience expedited airport screening with TSA Precheck. Receive a statement credit of $85 every five years as reimbursement for the application fee.
- Standard Mastercard benefits.
Our Verdict
Some people will find the $350/$400 signup bonus worthwhile given the no annual fee; some might also like the points transfer value even more. This could work well for those who signed up for the HSBC checking bonus and are already Premier members.
Hat tip to reader Bruce
