HSBC is offering increased bonuses for three of their credit cards. The highest bonus comes on the Premier World MasterCard, 40,000 points, which could be worth as much as $600 for Premier customers. There’s also bonuses for 25K and 15K points. Here’s the bonuses offered.
HSBC Premier World MasterCard
- 40,000 Rewards Program Bonus Points when you spend $2,500 in three months
- 1X Point per dollar on all purchases
- No Foreign Transaction Fees
- $0 Annual Fee for qualified Premier clients (otherwise $95 Annual Fee)
- Must have HSBC Premier checking account relationship to apply
- Offer Page
HSBC Advance MasterCard
- 25,000 Rewards Program Bonus Points when you spend $1,500 in three months
- 2X Points on dining and select entertainment purchases
- 1X Point per dollar on all purchases
- No Foreign Transaction Fees
- $0 Annual Fee for qualified Advance clients (otherwise $45 Annual Fee)
- Must have HSBC Advance/Premier checking account relationship to apply
- Offer Page
HSBC Advance MasterCard
- 15,000 Rewards Program Bonus Points when you spend $500 in three months
- 1X Point on all purchases
- No Foreign Transaction Fees
- $0 Annual Fee
- Offer Page
HSBC Rewards Points
The points you earn with these HSBC credit cards are worth 1 cent each when redeemed for statement credit. Premier cardholders can redeem for 1.5 cents per point as statement credit for travel expenses. That would make the HSBC Premier World MasterCard signup bonus worth $600.
Points can also be transferred to three partner airlines, British Airways, Singapore Airlines & Cathay Pacific.
These points technically do not expire. But, if there’s 12 months of inactivity on your HSBC card, HSBC Bank can close your credit card account. If that happens, all of your accumulated points are immediately forfeited and will not be available for redemption.
Conclusion
The HSBC Premier World MasterCard offer is the only one that’s probably worth checking out. But you need to have a Premier banking relationship with HSBC to apply and also to redeem at 1.5cpp. For most most people these cards might not be worth the hassle.
Let us know what you think!
HT: Doctor of Credit
