The HSBC World Elite Mastercard is great for maximizing earnings through the HSBC Reward Points program. In this article, we will delve into the ins and outs of this credit card, exploring its features, rewards, and travel-oriented perks.
Card Features
Annual Fees
The HSBC World Elite Mastercard has an annual fee of $149, which is rebated for the primary cardholder during the first year. Additional cards come at no extra cost.
Interest Rates
This card has an interest rate of 20.99% for purchases and 22.99% for cash advances.
Welcome Bonuses
If you life outside of Quebec, upon opening your account you will receive 20,000 points. Earn an additional 60,000 points when you make $1,000 per month in purchases for the first 6 months. There are 80,000 total points on offer for cardholders outside of Quebec.
If you live in Quebec the offer is even better, with 20,000 points as a welcome bonus upon opening your account, and 90,000 on offer for cardholders who keep their account open for at least 6 months. There are 110,000 points on offer for cardholders in Quebec.
Foreign Transaction Fees
One solid feature of this card is the waiver of foreign transaction fees.
Eligibility Requirements
To be eligible, you must have a minimum personal income of $80,000, household income of $150,000, or have $400,000 in assets under management.
Rewards Program Breakdown
Base Earning Rate
Earn an impressive 2 points for every $1 spent using the card.
Category Bonuses
- Earn 6 points per $1 spent on eligible travel purchases
- Earn 4 points per $1 spent on gas, grocery, and drugstore purchases
Travel Benefits and Perks
Travel Insurance
The HSBC World Elite Mastercard comes with all the usual insurance coverages, including Emergency Travel Medical Insurance, Flight Delay Insurance, and Baggage Delay/Loss Insurance. In addition, if your card is lost or stolen, receive an Emergency Cash Transfer up to $5,000.
Airport Lounge Access
Cardholders are entitled to a Mastercard Travel Pass membership, with a $32 USD charge for lounge access.
Travel Credits
Receive an annual $100 Travel Enhancement Credit, which can be redeemed for various travel expenses, such as airline baggage fees, seat upgrades, or lounge access.
Special Promotions and Partnerships
Expedia and Agoda Discounts
As an HSBC World Elite Mastercard holder, enjoy a 10% discount on bookings with Expedia and Agoda.
Wrapping It Up
The HSBC World Elite Mastercard remains a strong choice for anyone looking to maximize reward points earning. With its strong welcome bonus and solid earning rates it has a lot to offer. Additionally, the $100 Travel Enhancement Credit is a unique bonus that nearly offsets the annual fee on its own.
