Review of the HSBC Premier World Elite Credit Card (2017)

Premium credit cards have been all the rage in the past year, and now we have another competitor. Let’s see how HSBC’s premier credit card holds up against the rest.

Note: You must have a HSBC Premier checking account relationship in order to apply for this credit card.


  1. 2 free lounge visits per year via: LoungeKey (According to Doctor of Credit)
  2. $100 Annual Statement Credits for rides with Uber and Lyft (up to $20 a ride)
  3. Unlimited Boingo Wi-Fi access
  4. $100 Annual Air Travel Credit to reimburse ticket purchases, seat upgrades, baggage fees or in-flight purchases
  5. $85 TSA Pre✓ credit to reimburse the application fee
  6. 10% discount when you book your hotel or vacation home stay through Expedia, Agoda or onefinestay
  7. Standard MasterCard World Elite Benefits

Cashback System: Earn 3X Rewards Program Points on travel, earn 2X Points on dining, earn 1X Point on all other purchases. (Worth up to 1.5 cents per point when used on travel)

Introductory offer: Earn 50,000 Rewards Program Bonus Points worth $750 in air travel, after spending $4,000 or more in the first 3 months from account opening.

Annual Fee: $395 (Not waived first year)

How does it stack up? (Hint: This card is garbage): The premium card market is starting to become over crowded, now this is good for the consumers (us) because that means more competition between banks. With that being said, HSBC disregarded the competition with this credit card and made it sub-par. The annual fee is less than the Chase Sapphire Reserve ($450), but for the extra $55 Chase offers you Priority Pass (unlimited access to certain lounges), $300 in travel credit, and a reward rate of up 4.5% on the dollar. While the mid-ranked CNB Crystal Infinite offers Priority Pass Select, Global Entry Reimbursement, and about $350 in reimbursements (+ 1st year your annual fee is waived). This card is no doubt at the bottom of the premium card tier list.

Should you get it? (NO): It’s another metal credit card and nothing stands out about it. The card’s benefits are sub-par and the checking account requirements are difficult to meet. If you meet the requirements and have every other premium credit card in your wallet, go for it. But, the card is not good and you should research other premium credit card offerings.

Apply here:

Tags: HSBC Premium Credit Card, Metal Credit Cards, Review of the HSBC Premier Credit Card, Elite Credit Cards

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