There are many credit cards that will best suit your needs with their fantastic offers. This post will help you understand why HSBC credit cards can be one of your options if you are looking for outstanding cashless services.
The HSBC Group offers credit cards with excellent perks, including no annual fees and low APRs. Also, it is a top private-sector bank that provides a range of credit cards to suit various consumer needs.
HSBC credit cards use the Mastercard network all across the USA and boast of high usability across the country at lower rates and added benefits. Read on to learn more about HSBC credit cards.
- What Are the Types of HSBC Credit Cards?
- What Is the HSBC Premier World Mastercard Credit Card?
- What Is the HSBC Elite World Mastercard Credit Card?
- How Can I Apply for an HSBC Credit Card?
What Are the Types of HSBC Credit Cards?
HSBC Group offers different credit cards to meet a variety of client needs. In this post, we will discuss the HSBC Premier World Mastercard Credit Card and HSBC Elite World Mastercard Credit Card and their advantages.
These two credit cards can be your options to start earning infinite rewards tailored to how you live and spend.
What Is the HSBC Premier World Mastercard Credit Card?
With HSBC Premier Credit Card, there is no cap on the number of reward points you can earn. It boasts an introductory offer worth 35,000 reward bonus points when you spend $3,000 in the first three months from the account opening, which equates to at least $400 in air travel.
Also, on new travel purchases such as airline, lodging, and rental cars, you’ll accrue two times as many reward points, and for one dollar spent, you will receive one reward point.
What Are the Advantages of the HSBC Premier World Mastercard Credit Card?
The HSBC Premier World Mastercard Credit Card is known for its travel benefits, such as travel accident and trip cancelation insurance, lost luggage and baggage delay insurance, hotel and motel burglary insurance, and Airport Meet and Greet services.
Also, you can get extra points and discounts on all your groceries and other everyday food delivery expenses and experiences.
Apart from these, you can also have peace of mind knowing all of your transactions are secure. Continue reading to learn more about these advantages.
With HSBC Premier World Mastercard Credit Card and Boingo, you can have unlimited premium WiFi access across the globe. You can connect up to four devices at the same time at over 1 million secure hotspots.
Moreover, through PSA Precheck, you can experience expedited screening at the airport. Every five years, you can receive an $85 statement credit as application fee reimbursement.
When shopping outside the US, in areas such as the UK, Hong Kong, and France, HSBC Premier Credit Cardholders can also get international cashback offers from major brands.
Furthermore, all points can be transferred into Rewards for Miles partners’ loyalty programs, which covers 11 airlines and 2 hotel partners.
Groceries and Everyday Experiences Points and Discounts
To earn more points, you can visit your favorite grocery stores and bakery or wholesale club, and get points on all your purchases. From January 1, 2023 to March 21, 2023, you can get 2x points for up to $2,000 spent on groceries.
If you haven’t tried DoorDash, you can try it for free and get a $5 discount for your first two orders monthly. Through HSBC’s partnership with Lyft, cardholders get a $5 Lyft App monthly credit.
Cardholders also get a 5% discount on shows, attractions, and theme parks worldwide.
Secure Transactions and Reimbursements
HSBC ensures that its cardholders’ transactions are protected and secure through its Mastercard ID Theft Protection, identity fraud expense reimbursement, and cellular wireless telephone protection.
With these systems in place, cardmembers have access to one-on-one support until the claim is resolved in case of identity fraud and be reimbursed if their identity is compromised.
To top it all, if your mobile phone is damaged or stolen, HSBC offers a maximum of $600 per claim.
Fees and Interest Rates of HSBC Premier World Mastercard Credit Card
The fees and interest rates of the HSBC Premier World Mastercard Credit Card are mentioned below.
- Zero foreign transaction costs
- For Purchases and Balance Transfers, the competitive variable APR ranges from 19.24% to 23.24%.
What Is the HSBC Elite World Mastercard Credit Card?
With Elite World Mastercard Credit Card, once you spend $4,000 in the first three months from the moment you open your account, you will earn 50,000 Rewards Points, equivalent to $750 in airfare when booked online through HSBC Travel from Rewards.
Earn three reward points on travel expenditures inclusive of airfare, hotels, and car rentals, and double the reward points for every dining transaction.
Lastly, you will be able to get one reward point on all other purchases.
What Are the Advantages of the HSBC Elite World Mastercard Credit Card?
Like the HSBC Premier World Mastercard credit cardholders, Elite members can also enjoy safe transactions, reimbursements in case of identity fraud, Boingo Wi-Fi access, $5 Lyft App credit, travel-related insurance, international cashback offers, and rewards for miles among others.
Apart from these, Elite cardholders get triple reward points for up to $3,000 spent on groceries from January 1, 2023, to March 31, 2023.
Through a partnership with LoungeKey, you and one guest can have boundless entry to 1,000+ airport lounges. You can also receive up to three exclusive luxury Thank You Presents annually after cumulative spending of $50,000, $75,000, and $100,000 yearly.
Lastly, it comes with a complimentary ShopRunner membership so you can enjoy limitless, free two-day shipping and return shipping at 140 online retailers.
Fees and Interest Rates of the HSBC Elite World Mastercard Credit Card
Below are the fees and interest rates of the HSBC Elite World Mastercard Credit Card. Make note of these when considering if the card is right for you.
- It has an annual fee of $395.
- Cardholders are charged $65 for every additional user.
- No charges for international transactions.
- For Purchases and Balance Transfers, the competitive variable APR of 19.24% to 23.24% is being offered.
How Can I Apply for an HSBC Credit Card?
Prior to applying for a credit card, you must check out the different types of credit cards kept at the customer’s perusal by HSBC. Check out the individual features and benefits of the card you want to apply for.
In order to apply for a credit card, you must have the following requirements.
- Be of legal age, 18 years old, and have a Social Security Number (SSN).
- Have a mobile number from the US.
- Be a citizen of the US for 1 year or more.
The application form for all the cards is different, but the application process is similar. The five page form will ask you to enter your details along with your financial information, income sources, SSN, credit history, and so on.
After considering the application, you will get approval, which further depends on your profile. Most importantly, banks like HSBC consider your credit score before sanctioning a credit card limit under your name.
Even though applying for a credit card with HSBC is self-explanatory, sometimes we need a bit more information. To help you with it, HSBC provides access to customer care representatives via live chat and call. You can also use this information should you need to cancel your HSBC credit card.
HSBC can be reached at 1-800-975-4722 in the US and Canada. From outside the US or Canada, HSBC can be reached at 716-841-721.
HSBC can be visited in person at their headquarters at 452 Fifth Avenue, New York City, New York, USA.
HSBC credit cards like Premier and Elite World Mastercards offer a great set of benefits and services. It’s up to you to assess which credit card will benefit you the most depending on your lifestyle.
Disclaimer: Consider the risks involved in using credit products before applying by consulting the bank’s terms and conditions page for more information.