Over $150,000,000 of debt paid off, and counting...

Join other Bright customers who are paying off thousands of dollars of debt.

HSBC Premier World Mastercard credit card

Credit needed
Good/ Excellent
APR
14.99% and 18.99%.
Annual Fee
$95 (first year: 0)

Card Summary

For HSBC Premier customers, the HSBC Premier World Mastercard credit cards is for them. This card allows you to get rewards. Premier customers include those with $75,000 combined U.S. personal and investment deposits or other eligible arrangements with HSBC.

You earn two points for every dollar spent on travel, and one for all purchases.

Qualifying HSBC Premier customers don't have to pay an annual fee. You'll get 35,000 bonus points if you spend at least $3,000 in the three first months of your account opening. You will receive global Wi-Fi access through Boingo and up to $50 each in Uber or Lyft credit.

Card Summary - Cons

Rates and fees

Issuer Name
HSBC
Penalty APR
29.99%
Credit Needed
Good/ Excellent
Balance Transfer Fee
$10, or 4% depending on the greater of these two options.
Annual Fee
$95 (first year: 0)
Cash Advance Fee
Each cash advance transaction will be subject to either $10 or 5% depending on the amount.
APR
14.99% and 18.99%.
Foreign Transaction Fee
N/A
Bright-Money-logo

Here’s a smart way to pay off

HSBC

The Best Features

There is no annual charge.

Sign up bonus: Earn 35,000 bonus points if you spend at least $3,000 in the three first months of your account opening.

Rewards

Sign up bonus

APR Requirements

Drawbacks

You will receive a limited number of bonus points.

No introductory rate: The HSBC Premier Mastercard credit card has a 0% introductory fee.

Based on creditworthiness, the card's APR is either 14.99% or 18.99%.

Highlights

After spending at least $3,000 within the first three months of Account opening, you will earn 35,000 rewards points bonus points.

Earn 2X Rewards Points for every new purchase of travel, including hotel, airline and rental car.Earn 1X points for every $1 you spend.

No Foreign Transaction Fees. Boingo provides global Wi-Fi access. TSA Precheck allows you to get expedited screening at airports. As a reimbursement for your application fee, you will receive a $85 statement credit every five years.

Book your vacation home or hotel through Expedia or Agoda and get a 10% Discount.

Benefits of the HSBC Premier World Mastercard card:

TSA Precheck expedited screening fee credit of $85.
Protection for your cell phone.
Boingo provides global Wi-Fi access.
Access to your FICO credit scores for free.
Protection against identity theft.
Each year, earn up to $50 Uber/Lyft credit.

Benefits

Comparative Analysis with Other Cards

HSBC Premier World Mastercard credit cards vs. American Express Blue Cash Prreferred card

Annual fee: The HSBC Premier World MasterCard credit card does not have an annual fee for Premier customers. The annual fee for cardholders who do not meet the requirements to be a Premier customer is $95 (first year free).

American Express Blue Cash Preferred Card has an $0 initial fee and then 95% thereafter.

Reward: Two points per dollar earned by the HSBC Premier World Mastercard card on travel, and one on all purchases The Blue Cash Preferred card from American Express will give you 6% cashback on purchases up to $6,000 each year in U.S. supermarkets (then, 1%), 6% back on selected U.S. streaming subscriptions and 3% cashback at U.S. gasoline stations.

You can also get 3% cashback on all transit services (including taxis and ride-hailing service, parking, and buses) and an unlimited 1% cashback on any other purchases.

Sign-up bonus: You will receive 35,000 bonus points when you spend $3,000 on your HSBC Premier Mastercard card within the first 3 months of account opening. After spending $3,000 on the new Blue Cash Preferred Card by American Express within 6 months, you will earn $300 in statement credit.

Benefits: The HSBC Premier World Mastercard card offers benefits such as $85 towards TSA Precheck expedited screening fees and cellphone protection. There are also global Wi-Fi access through Boingo, and $50 annually in Uber or Lyft credit.

Cardholders of the Blue Cash Preferred Card by American Express enjoy benefits such as car rental damage and insurance, fraud protection, and return protection.

HSBC Premier World Mastercard card vs. Citi Double Cash Card

Annual fee: HSBC Premier World Mastercard customers who are HSBC Premier members do not have to pay an annual fee. The annual fee for remaining customers is $95 (zero the first year). Annual fees for Citi Double Cash Card – 18-month BT offer are $0.

Reward: The HSBC Premier World Mastercard credit cards will earn you two points for every dollar spent on travel, and one point for each dollar spent on other purchases. Citi Double Cash Card – 18 Month BT Offer: Earn 1% Cash Back on Purchases and 1% Reward as You Pay for These Purchases.

Sign up bonus: Earn 35,000 bonus points with the HSBC Premier World Mastercard credit cards when you spend at least $3,000 in the three-months following account opening. Citi Double Cash Card – 18 Month BT Offer does not provide a sign up bonus.

Benefits: The HSBC Premier World Mastercard credit cards offer benefits such as trip cancellation insurance, car rental insurance, and concierge services at airports. Citi Double Cash Card – 18 Month BT Offer Holders get identity theft support, zero dollar liability for unauthorized charges and no dollar liability.

Redeeming Rewards

Maximizing Rewards

Annual Fees

Conclusion

Bright-Money-logo

No late fees. Reduced interest charges. Pay off

HSBC