The HSBC Premier Credit Card is a premium option for customers seeking strong rewards and global benefits. It suits frequent travelers and high spenders who want extra value.
The card includes travel perks, purchase protections, and lifestyle credits. You must have a U.S. HSBC Premier checking account to apply.
What Is the HSBC Premier Credit Card?
The HSBC Premier Credit Card is a World Mastercard® built for HSBC Premier customers. It carries a $95 annual fee but charges $0 for authorized users.
The variable APR ranges from 20.24% to 24.24%, depending on creditworthiness. There are no foreign transaction fees, making it ideal for international travel.
To be eligible, you must hold an active U.S. HSBC Premier checking account. This exclusivity ensures access to a suite of curated rewards and travel features.
Key Rewards and Points Structure
This card gives you multiple ways to earn valuable points on your spending. Below is a breakdown of rewards and what you can redeem them for.
Welcome Bonus Offer
The card offers an attractive bonus for new users who meet the spending criteria. You earn 50,000 points after spending $4,000 in the first 3 months.
These points are worth up to $625 in travel rewards. This is a one-time bonus designed to enhance initial card usage.
It's a great incentive if you have large purchases planned. The bonus adds strong upfront value to the card.
Ongoing Points on Daily Spending
You earn points every time you use the card across several categories. You get 3x points on gas and grocery store purchases.
Travel-related expenses earn 2x points, including flights and hotels. All other purchases receive 1x point per dollar spent.
These rewards apply automatically without needing activation. The structure encourages consistent everyday usage.
Flexibility and Redemption Value
Points can be redeemed for travel, cashback, or transferred to partners. The card supports Rewards for Miles, allowing point transfers to 13 loyalty programs.
Redemptions start at a low threshold, making it easy to use your rewards. Booking travel or transferring to airlines gives you more value.
Cashback is available but provides lower value per point. This makes the card ideal for travelers looking to maximize redemptions.
Everyday Lifestyle Benefits
Beyond rewards, the card includes practical benefits for daily living, which add tangible value throughout the year.
- Get up to $60 in annual streaming credits when paying for TV services.
- Enjoy up to $140 annually with Instacart+, including two free months and monthly discounts.
- Take 3 Lyft rides monthly and receive a $5 Lyft App credit.
- Receive ShopRunner membership (valued at $79) for expedited shipping from select retailers.
These perks help you save on entertainment, groceries, and transportation just by using your card.
Travel-Specific Perks and Protections
This card was designed with travelers in mind. Several exclusive features reward cardholders who frequently book trips.
- Get reimbursed up to $85 every 4.5 years for Global Entry, TSA PreCheck, or NEXUS.
- Unlock up to 7% off on prepaid hotel bookings made through Booking.com.
- Use the Rewards for Miles program to transfer points to 13 travel loyalty partners, including 11 airlines and 2 hotel brands.
For frequent flyers, these benefits can save money and enhance your travel experience.
Purchase and Identity Protection Benefits
The HSBC Premier Credit Card protects your purchases and personal information. These services provide financial reassurance in unexpected situations.
- Cell Phone Protection: Get up to $600 per claim for theft or damage.
- Mastercard ID Theft Protection™: Includes expense reimbursement and monitoring.
- Purchase Assurance: Covers new purchases against theft or damage for up to $1,000 within 90 days.
These features protect your wallet and identity, especially when shopping online or traveling.
Who Is Eligible to Apply?
Eligibility is exclusive to existing HSBC Premier clients. This maintains the premium nature of the offering.
To qualify, you must hold an active U.S. HSBC Premier checking account. Private Bank customers are required to apply through a Relationship Manager.
If you are not yet an HSBC Premier client, you'll need to meet specific financial requirements to open that type of account. This card is not available to non-Premier account holders.
How to Apply for the HSBC Premier Credit Card?
If you already qualify, the application process is quick and easy. Follow the steps below to get started:
- Sign in to your HSBC online account using your Premier credentials.
- Navigate to the Premier Credit Card section and select "Apply Now."
- Complete the application by entering your personal, employment, and income details.
- Review all terms and disclosures before submitting your application.
- Private Banking clients must apply through their Relationship Manager.
- Once submitted, your application will be reviewed based on eligibility and creditworthiness.
Fees and Interest Rates
Transparency in fees and rates is essential. Here’s what you need to know before using the card.
The annual fee is $95, but authorized users are not charged. The variable APR, which depends on your creditworthiness, is between 20.24% and 24.24%.
There are no foreign transaction fees, which is ideal for international use. The welcome bonus requires you to spend $4,000 within 3 months of card opening.
Customer Support and Contact Details
HSBC offers several support methods for your application or account concerns. Choose the most convenient method for you.
- UK Toll-Free: 0800 023 1441
- International: +44 207 367 7881
- Hours: Monday to Friday, 8:00 AM to 6:00 PM (excluding holidays)
- Visit a local HSBC branch or use their secure online messaging system.
Final Thoughts: Should You Apply for the HSBC Premier Credit Card?
The HSBC Premier Credit Card gives you strong rewards and elite travel perks. It's ideal for those who already bank with HSBC Premier and travel often.
Due to its requirements, it's not suitable for all users. Make sure the benefits match your spending style before applying.
Disclaimer: Offers and rates may change anytime at HSBC’s discretion. Final terms depend on your credit profile and location. Bonus rewards require meeting minimum spend requirements. HSBC may modify or withdraw benefits without notice.
