This is about a $100 value. That is enough already to get me concerned as a day-to-day usage card. … There’s a $149 primary card annual fee. I signed up for this card after reading GreedyRates recommendations (same story as everyone else – Aspire Travel went bust). That card is the HSBC Premier World Elite MasterCard. All current cardholders were grandfathered so you still don’t pay foreign transaction fees. Conditions Apply*. You'll get a $100 annual travel credit, 10% savings on hotel bookings, and a full suite of World Elite benefits . If you can get past the high annual fee and strict income requirements, this is the perfect card for you. View the Rates and Fees Information Box for details; Make … Instead of providing me the assurance i need, my reliance on the card ended up being the source of the crisis. Send your completed form to: HSBC Expat HSBC House Esplanade, St Helier … I personally think the trip cancellation/trip interruption is a bit low at $2,000 per person / $5,000 total as there are cards out there that give you $2,500 per person / $10,000 total in protection. The information related to HSBC Premier World Elite Mastercard has been collected by My Rate Compass and has not been reviewed or provided by the issuer or provider of this product … Coronavirus Crisis: Should I Invest Right Now? Apart from their robust travel insurance coverage, HSBC also gives customers peace of mind with Purchase Protection on purchases for 90 days. New cardmembers will earn up to 40,000 Points ($200 travel value) PLUS a full annual fee rebate for the Primary Cardholder for the first year. Title: First name(s): Surname: First line of address: Postcode: HSBC Premier World Elite Agreement Terms. With each point worth 0.5 cents when redeemed for travel , … HSBC Premier World Elite Rewards Program Earn 3% in travel rewards on all eligible travel purchases (6 Points per $1) and 1.5% in travel rewards on all other eligible purchases(3 Points per $1). Conditions apply. Included in its full suite of banking products is the HSBC World Elite Mastercard.. $149 Primary Cardholder annual fee – Rebated for the first year. The flexibility of your HSBC Rewards points will also appeal to people who travel with different airlines. When HSBC launched this card earlier this year it became … The card also comes with a few additional benefits that many other cards don’t offer such as free Boingo Wi-Fi and travel medical insurance that covers 31-days if you’re under the age of 65. Even though there’s an annual fee, you do get a yearly $100 travel enhancement credit which can be applied towards things such as select airline seat upgrades, airline baggage fees and airport lounge passes. Continue reading my HSBC World Elite Mastercard review and find out why it may be the most underrated travel credit card in Canada. In addition, if you experience a delay in receiving your checked luggage of 12 hours or more, you will be eligible for $200 towards essentials until your bags are recovered. My HSBC World Elite Mastercard review is positive. What’s the issue with having to download the app? I guess because it’s 2020 the thinking is that people carry their phones on them all the time, so it’s easier to check their daily transactions on their phone rather than having to find a desktop computer. To be clear, this HSBC World Elite Mastercard review refers to the card that is available to Canadians. But that’s not the point. Thinking about switching from the Capital One Aspire Travel Elite as well. The HSBC Premier Mastercard is issued by HSBC. You could even book directly with hotels to get your loyalty points or find the best promotions out there and then redeem your points. I love how this card covers you for 31 days, but that’s only if you’re under the age of 65. Rates and Fees. Once you’ve determined that you’ve met the eligibility requirements, you can apply for this card either in person or online. PC Optimum Insiders Review | Get 25,000 points ($25) for free. It is easy and simple to cash in points against purchases; just apply reward points towards credit card charges at the specified value, either by calling an HSBC customer care representative or online. Must apply by March 29, 2021. The HSBC World Elite Mastercard is a pretty strong contender in the market with its base rewards offering, benefits and insurance package. Other rewards that require 30,000 Points for redemption may be valued at less than $150. Die MasterCard World Elite Kreditkarte zählt zu den Top-Kreditkarten auf dieser Welt. Subscribe to our newsletter and get our updates straight to your inbox, Copyright © 2020 Greedyrates.ca. My HSBC World Elite Mastercard review is positive. I already have 2 World Elite MC’s, I shouldn’t add another one, and besides I’m not with HSBC for banking anyways. Never carry balances, and all my payments made on time since my file credit file was opened. However, if you … This may not matter to most travellers, but it’s worth highlighting nonetheless. By the way, i had multiples of the minimum deposit with HSBC, but no more. The HSBC World Elite® Mastercard® has a number of eligibility requirements, so it is worth checking before applying. HSBC Premier World Elite Mastercard Review. Pay only $99 net if you maintain a Premier account. Must apply by March 29, 2021. Insurance on car rentals includes personal effects and accidental death or injury. Please review carefully. I don’t have my wife carry the card only for the perks. Hi Ambrose, You made a mistake… it is not a card for ALL Premier clients…. Points earned on eligible travel purchases can be redeemed for rewards valued at up to 3% of the amount spent to earn them, and Points earned on all other eligible purchases can be redeemed for rewards valued at up to 1.5% of the amount spent to earn them. The HSBC World Elite® Mastercard® credit card offers good perks for travel, with comprehensive insurance coverage and other benefits. Hopefully you get it, the only thing working against you is your credit score, but it’s still considered good. Expert review. I have no idea when this changed. Provided you can put through £12,000 over the course of the year, your equation would be £195 for 52,000 Avios (or other miles). HSBC World Elite Mastercard Review The HSBC World Elite Mastercard is a relatively new card in the Canadian market. Continuing with their comprehensive insurance offerings, HSBC World Elite® Mastercard® also offers car rental insurance when you charge a car rental to your card. Sarah Pritzker has been writing for GreedyRates since 2017, and loves learning about the latest trends in Canadian personal finance. Am I still eligible for those sign up benefits? No foreign transaction fees. 3% (6 points per $1 spent) in travel rewards on all eligible travel purchases, 1.5% (3 points per $1 spent) in travel rewards on all other eligible purchases. Wow this card sounds very elitist! Just applied for this card. Here at Rewards … Thanks for flagging that, I’ve updated my post! When she's not researching credit cards or loan repayment strategies, Sarah is most likely hanging out with her husband and three kids. The full annual fee of $149 is rebated for the first year. If you’re 65 or older, you’ll need to buy a separate travel insurance policy. The HSBC Premier World Elite MasterCard is definitely worth it for the first year. *Must apply by March 29, 2021. Finally, cardholders benefit from an Extended Warranty on most purchases that doubles the manufacturer’s warranty for up to one additional year. Advertisers are not responsible for the contents of this site including any editorials or reviews that may appear on this site. To start, the HSBC World Elite Mastercard is one of a few cards that waives the 2.5% foreign transaction fee. HSBC is one of the largest banking companies in the world and has an established presence in Canada. Cardholders benefit from comprehensive travel insurance coverage and other protections. Just fill in your personal information, including social insurance number, address, date of birth, email, and phone number. That being said, you need a minimum of 25,000 points ($125) to redeem a travel credit when you make your own booking which will annoy many people. You'll earn 3 points for every $1 spent on the card, which is … It seems to me that these restrictions are broader than some other credit cards. I remember when I signed up there was an additional sign up benefit if I spend a certain amount within a certain time period. Topics of particular interest to Sarah include investing, debt consolidation, debt counselling, and rewards programs. Must apply by March 29, 2021. Please review your details then read and accept the HSBC Premier Agreement Terms below. it is for Premier clients WITH MINIMUM of $400,000 in assets under management (based on liquid, investable assets with financial institutions in Canada). This insurance covers loss, damage, theft, or other hazards. Also, some reimbursements are less generous. I have the Amex Platinum acquired via your review, and I am very happy with it. HSBC Online banking website does not show pending transactions, it only shows through the app on your phone!?!? If you can meet the £12,000 spend in the first 12 months, then this World Elite Mastercard may be a better option because it comes with a huge haul of HSBC points that can be converted to a generous amount of airline points/miles. What do you think are my chances of getting it? If you saw something else, that has now been changed and you should’ve received the new offer as your welcome bonus. When you pay for purchases abroad, the foreign currency conversion charges are waived and only the exchange rate applies. The flexibility of your HSBC Rewards points will also appeal to people who travel with different airlines. The representative APR is 18.9% variable. There are two versions of the card. 3% (6 points per $1 spent) in travel rewards on all eligible travel purchases and 1.5% (3 points per $1 spent) on all other eligible purchases is pretty generous while the 31-day travel insurance coverage is much better than some of the, 25,000 HSBC Rewards points transfer to 8,000 Asia Miles, My HSBC World Elite Mastercard review is positive. After reaching $50,000 in eligible travel purchases, you will earn 3 Points on every $1 of eligible travel purchases. *This offer is not available for residents of Quebec. To be considered for the card, you must have the following: HSBC World Elite® Mastercard® offers a generous welcome bonus. In addition to emergency medical insurance and baggage insurance, cardholders who charge at least 75% of trip expenses to their card will enjoy trip cancellation and delay coverage. My family was traveling internationally to visit a dying family member and HSBC’s “Security Center” blocked my wife’s card three times in five days, leaving my family high and dry on the other side of the planet without access to funds. There is a full annual fee rebate for the Primary Cardholder for the first year. This is not their 'Premier World Elite' which is meant for people who bank at HSBC but rather this card is for any Canadian and it is essentially the same as the Premier version. For example, $5,000 in eligible travel purchases earns you 30,000 Points, which can be redeemed for travel rewards valued at $150. I look to products like this for assurance; i expect it to function as one resource in the event of a crisis during international travel. Hi Barry – I acquired the Amazon.ca Rewards Visa card strictly for the no transaction fee charge on foreign exchange. Customers can use points towards gift cards, HSBC financial products, merchandise, travel rewards, and cash back rebates or even trade them in for frequent flyer miles. This credit card gives cardholders a variety of perks in exchange for an annual fee, including a comprehensive travel insurance package, a rewards program that allows you to … Here's what makes this card special. Primary cardholders, spouses, and dependents are covered for up to 31 days for a maximum of $1 million per person for emergency medical insurance coverage on each trip. In fairness, one event was a $20 purchase in Milan, which was a location not on the original itinerary, but when it happened again a day later — when family was where we had notified the bank they would be and i was where i was reported to be — i’d had enough. Just cancelled my BMO World Elite, agreed it is a very good card. Travel Benefits $100 Air Travel Statement Credit The $100 Air Travel Statement Credit (“Statement Credit”) offer applies to new purchases (minus returns, credits and adjustments) made using your HSBC Premier World Elite Mastercard® credit card every year from January 1 through December 31 (“Calendar Year”). Some people don’t think that this benefit is of any real value, but I think it’s one of the HSBC World Elite Mastercard’s best features since it has so much flexibility. 2. Thanks for this, I’ve updated the article. HSBC World Elite Rewards Program . I was looking at all these restrictions concerning the reimbursement of expenses for a trip due to an annulation for different reasons. Bottom Line. It's usually quickest to apply online, but if you're having trouble with your application, we're here to help - just head to our contact us page. I hope so; I forgot to mention that I own an Amex Cobalt, among my other cards, but you know Amex is not accepted everywhere…. We aren’t offering our Premier World Elite Mastercard in branches at the moment. Key facts: No annual fee, card only available to HSBC Premier current account holders. That being said, I would not be surprised if this benefit disappears later. The card carries a 19.9% purchase interest rate and a 22.9% annual interest of balance transfers and cash advances. Luxury Thank You Gift You will receive an exclusive Luxury Thank You Gift when you reach each benchmark $50,000, $75,000 and $100,000 in new purchases (minus returns, credits and adjustments) made using your HSBC Elite World Elite Mastercard® credit card. HSBC World Elite Mastercard Review; HSBC World Elite Mastercard (Canada) Reviewed by Credit Carrots (2020) TL;DR: The HSBC World Elite Mastercard offers a middle-of-the-road rewards point earn rate. Must apply by March 29, 2021. To redeem points for travel, customers enjoy great flexibility with the ability to book travel with any provider and use HSBC points towards these purchases. If that happens, I will dump the card – it was the only benefit that distinguished it from other cards. To apply for an HSBC Premier World Elite™ MasterCard®, please speak to your relationship manager. The current sign up bonus for the HSBC World Elite Mastercard is worth up to 40,000 points. EQ Bank Review 2021 | Get 1.50% interest*. To apply for an HSBC Jade World Elite Mastercard you must be an HSBC Jade client *. Purchase Protection covers damage, loss, and theft. Thanks, Barry. The Best Travel Hacks to Help You Save Money! The Scotiabank Gold AMEX might have a lower annual fee, but its welcome bonus isn’t nearly as rewarding. The card earns users up to 6 points per $1 spent, with strong earning power on travel purchases. The downside is that there’s no signup bonus, and that you have to apply in-branch. Aside from medical insurance, cardholders will also benefit from baggage delay or baggage loss insurance amounting to $750 per insured person. Thank you, Barry! I signed up for this one after the Capital One Aspire Travel World Elite finally reduced their rewards. I wanted to apply for the HSBC Premier World Elite , but it looks like they require you to be a customer again with all the conditions that you mentioned. They may have done some rebranding, I think most of your article applies, but you may want to update it to remove the “Premier”. Earn 6 Points on every $1 of eligible travel purchases, up to a maximum of $50,000 in eligible travel purchases charged to your HSBC World Elite® Mastercard® in a calendar year. The card earns users up to 6 points per $1 spent, with strong earning power on travel purchases. As a premier travel rewards credit card, HSBC World Elite® Mastercard® offers superior value towards travel-related redemption. Users can also convert HSBC reward points for frequent flyer rewards with a number of airlines, including British Airways and Cathay Pacific Asia. Much like its direct competitors this card provides utmost flexibility as it is a hybrid credit card. Can you confirm this? There is also a free version called the HSBC Premier Mastercard which I review here. This bonus is a great incentive to apply for this card. Erin, how are you feeling about th HSBC card now that you have had it a little longer? Another fantastic benefit of this card is the $100 annual travel enhancement credit that customers can redeem towards seat upgrades on flights, towards airline fees or lounges, and other travel-associated costs. Earn 3% in travel rewards on all … Earning HSBC Reward points. The HSBC Premier World Mastercard offers decent rewards, solid benefits, and a one-time offer that’s worth between $400 and about $500, depending on how it’s redeemed. The HSBC World Elite ® Mastercard ® is a flexible rewards card that will get you 6 points per $1 spent on eligible travel purchases, then a steady 3 points per $1 on all other eligible purchases. That means you can travel the world and book tickets in other currencies without having to incur hefty conversion … So I ended up signing up for the HSBC World Elite Mastercard. Must apply by March 29, 2021. Key Terms . The delayed and lost baggage is also a bit low at $750 and it’s a bit odd that you need to wait 12 hours before you can make a claim for essential items when other cards usually only require a 4-6 hour delay. The Scotiabank Passport Visa Infinite card could be a good alternative to the HSBC card. For complete and current information on any advertiser product, please visit their web site. But they are doubling down on the travel rewards giving you an opportunity to earn up to 100,000 points. I personally rank HSBC Rewards above BMO Rewards and TD Rewards in my ranking of Canada’s best credit card travel rewards. The BMO World Elite Mastercard has a similar annual fee, however, it boasts much lower points earning potential and doesn’t offer as much of a welcome bonus. Though there are cards on the market with a more competitive APR, lower (or even zero) annual fees and no minimum income requirement, this card’s accelerated points earned on travel purchases and generous sign-up bonus make it an attractive option for spenders with very good financial standing who travel frequently. This offer is only available to residents of Canada other than the province of Quebec (Quebec residents eligible for separate offer). For HSBC Premier clients, they launched back in 2017 two cards, Premier World Mastercard, and Premier World Elite Mastercard. 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