Much like its direct competitors this card provides utmost flexibility as it is a hybrid credit card. I remember when I signed up there was an additional sign up benefit if I spend a certain amount within a certain time period. Overall, I like the HSBC World Elite Mastercard travel insurance but there are some things that need to be pointed out. HSBC World Elite® Mastercard® Review 2021 Welcome Bonus of 20,000 Points ($100 in travel rewards) Rewards and benefits. Only the exchange rate will apply. Earning HSBC Reward points. But, in comparison to the average Canadian premium card with a $100-150 fee, I think the HSBC Premier World Elite MasterCard overall is a major improvement. 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. The HSBC Premier World Elite Mastercard is issued by HSBC. HSBC WOrld Elite Sign Up Bonus. The HSBC Premier World Elite MasterCard is definitely worth it for the first year. When you pay for purchases abroad, the foreign currency conversion charges are waived and only the exchange rate applies. 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 HSBC World Elite Mastercard comes packed with travel benefits and HSBC Rewards is highly flexible which is why this card should be on your radar. Once you have reviewed and submitted, you should receive approval within a short amount of time. Users can also convert HSBC reward points for frequent flyer rewards with a number of airlines, including British Airways and Cathay Pacific Asia. It’s easily one of the best credit cards with no foreign transaction fees and is one of the best travel credit cards in Canada since it comes packed with benefits. Continue reading my HSBC World Elite Mastercard review and find out why it may be the most underrated travel credit card in Canada. HSBC Premier World Elite MasterCard. TO be honest, most of them are pretty crap but I can’t believe that HSBC can’t provide you support or guidance. 25,000 HSBC Rewards points transfer to 9,000 Singapore Krisflyer Miles, 25,000 HSBC Rewards points transfer to 10,000 British Airways Avios, Travel medical – $1,00,000 for 31 days if you’re under the age of 65, Trip cancellation/trip interruption – up to $2,000 per person / $5,000 total, Delayed and lost baggage – up to $750 / 12 hours ($200 for essential items after 12 hours), Common carrier travel accident – $500,000, Auto rental collision / loss damage – 31 consecutive days / $65,000. TIA. However, the card also boasts flexible cash-in for other categories. I have other three cards with a total of 11,500 of credit. However we are in the middle of pandemic with little to none possiblity to travel, the $100 travel enhancement credit now becomes a waste, hopefully the bank could do some reflection on this and arrange an alternative way to reward cardholders. To qualify for the Luxury Thank You Gift, the eligible transactions must be within the … Additional cards will cost $50 per year. I am considering getting this HSBC World Elite card. 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). To apply for an HSBC Premier World Elite™ MasterCard®, please speak to your relationship manager. I don’t have my wife carry the card only for the perks. *Must apply by March 29, 2021. Credit Card Agreement regulated by the Consumer Credit Act 1974. I won’t be renewing the card HSBC are just not providing a proper level of support…. It looks like the only difference is the “Premier” version discounts your yearly fee? Hi Barry – I acquired the Amazon.ca Rewards Visa card strictly for the no transaction fee charge on foreign exchange. That means you can travel the world and book tickets in other currencies without having to incur hefty conversion … If you travel often then this card’s travel perks and no foreign transaction fees is the perfect companion for any of your trips. I have 710 on Equifax and the income requirements. Hi Ambrose, That is, it has its own proprietary reward program but it also allows you to convert point from the HSBC Rewards program to several airline frequent flyer programs. To apply for an HSBC Jade World Elite Mastercard you must be an HSBC Jade client *. Must apply by March 29, 2021. 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. This is a saving of 2-3% compared to traditional credit card fees. Key facts: No annual fee, card only available to HSBC Premier current account holders. Download application form (PDF, 1.2MB) Download application form (PDF, 1.2MB) This link will open in a new window. It’s easily one of, the best credit cards with no foreign transaction fees. I will discuss what these are worth and how they can be used below. With the HSBC World Elite Mastercard, you can transfer your points to a few airline partners. Transaction eligibility is based on the … HSBC Online banking website does not show pending transactions, it only shows through the app on your phone!?!? At the moment it seems HSBC has changed the welcome offer for the World Elite Mastercard, as now you get 20,000 points ($100 value) as a welcome bonus as long as it’s a new account and you make your first purchase. This review covers the free version. The ordinary welcome offer on this card is 40,000 HSBC Reward points upon spending £2,000 within the first 3 months. It should just take several minutes to apply for the HSBC World Elite® Mastercard® online. There is currently a limited time special offer running on this card. Just cancelled my BMO World Elite, agreed it is a very good card. 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. 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. 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. Am I still eligible for those sign up benefits? To apply for the HSBC World Elite® Mastercard®, first, make sure that you meet the eligibility requirements. In addition, HSBC World Elite Mastercard cardholders can relax, enjoy and refresh as they wait for their flight with select food experiences, relaxing spa treatments and retail discounts of up to 20%. Insurance on car rentals includes personal effects and accidental death or injury. After doing a thorough investigation and comparison of them, and evaluating their benefits, I decided it was worth trying the latter one, which has an annual fee but comes with more substantial perks than the other. $149 Primary Cardholder annual fee – Rebated for the first year. Thanks for this, I’ve updated the article. Where it really differentiates itself is the rare 31 day travel insurance, 10% off Expedia hotel bookings, and no foreign exchange fees (a rarity in Canadian credit cards). This card not only lets you earn rewards on all eligible travel purchases, but it also offers no foreign transaction fees. 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 … Maybe the BMO World Elite Mastercard could be a good alternative for now since the first year is free? This agreement is made up of the key terms and the additional terms. If you're wondering whether HSBC Premier World Elite Mastercard is the right card for you, read on. Thanks for flagging that, I’ve updated my post! This applies to flights, hotel bookings, car rentals, and more. The flexibility of your HSBC Rewards points will also appeal to people who travel with different airlines. I like that it is black though, seems very fancy and flashy when you pull it out to pay for something. To be clear, this HSBC World Elite Mastercard review refers to the card that is available to Canadians. 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. I have the Amex Platinum acquired via your review, and I am very happy with it. All rights reserved, Hotel Credit Cards That Come With a Free Night, TD Aeroplan Visa Infinite Credit Card Review. The HSBC World Elite® Mastercard® has a number of eligibility requirements, so it is worth checking before applying. First off, to qualify for any of your travel insurance that’s not related to medical, you need to charge 75% of your travel expenses to your card for it to apply. Conditions apply. Thank you, Barry! Redemption offers may change from time to time. You'll get a $100 annual travel credit, 10% savings on hotel bookings, and a full suite of World Elite benefits . 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…. So I ended up signing up for the HSBC World Elite Mastercard. Conditions Apply. 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. I’ll likely apply for the HomeTrust card to replace my Amazon card if they get rid of the no fees for foreign transactions. 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. Refer to the HSBC World Elite Rewards Program Terms and Conditions for complete details. Also, some reimbursements are less generous. The downside is that there’s no signup bonus, and that you have to apply in-branch. Just applied for this card. Instead of providing me the assurance i need, my reliance on the card ended up being the source of the crisis. “Since it takes 20 points to claim $1 in travel, the 30,000 welcome points are worth $150.”. To apply for an HSBC Premier World Elite Mastercard, simply download an application form, complete it and send it to us after reading the Terms & Conditions (PDF, 360KB). 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. Oddly enough, the airline transfer partners aren’t even listed on the HSBC website, but a call to customer service has confirmed the following. That card is the HSBC Premier World Elite MasterCard. Here's what makes this card special. 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. HSBC WORLD ELITE MASTERCARD REVIEW// Are you in the market for a new Canadian credit card? If that happens, I will dump the card – it was the only benefit that distinguished it from other cards. View the Rates and Fees Information Box for details; Make … 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. I signed up for this one after the Capital One Aspire Travel World Elite finally reduced their rewards. You made a mistake… it is not a card for ALL Premier clients…. Mit dem Verlust der Exklusivität der Kreditkarten, wie sie noch in den 70er Jahren bestand, mussten sich die Emittenten etwas einfallen lassen, um der betuchteren Klientel den Abstand zur breiten Masse der Verbraucher zu sichern. You'll earn 3 points for every $1 spent on the card, which is … 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. Title: First name(s): Surname: First line of address: Postcode: HSBC Premier World Elite Agreement Terms. However, if you … Earn up to 70,000 Points ($350 travel value). The card carries a 19.9% purchase interest rate and a 22.9% annual interest of balance transfers and cash advances. 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. HSBC World Elite Rewards Program . Expert review. But that’s not the point. I dont have that info anymore and it is not within my welcome package. 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. Must apply by March 29, 2021. PC Optimum Insiders Review | Get 25,000 points ($25) for free. Only the exchange rate will apply. . With HSBC rewards, you’re allowed to book your travel on your own and then call in to redeem your points. How to Switch From a Secured To an Unsecured Credit Card, Investment Glossary: The Terms You Need To Know. Only available to existing Premier or Jade customers, and going head-to-head with Santander’s World Elite, this card offers significant rewards and travel perks.. Cardholders can travel in style with free LoungeKey membership – which means access to over 1000 airport lounges world wide. 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