HSBC Elite Credit Card
- Annual fee
- $395
- Recommended credit
- Excellent
- Card network
- Mastercard
- Regular purchase APR
- 20.99% to 24.99% variable based on creditworthiness and the Prime Rate
At a glance
The HSBC Elite Mastercard® credit card ups the ante on earning rewards and competes with other high-end travel cards such as the Chase Sapphire Reserve® and The Platinum Card® from American Express.
Our review of the HSBC Elite Credit Card
The HSBC Elite Credit Card is a top-tier travel rewards card that comes with a $395 annual fee. However, the perks that come with this card make it well worth the cost.
One of the standout features of this card is the 50,000 bonus points you can earn after spending $4,000 within the first three months of account opening. These points are valued at $750 when redeemed through HSBC’s rewards portal.
In addition to the generous sign-up bonus, you’ll earn 3X points per dollar spent on new travel purchases, 2X points on dining out, and 1X points on all other purchases. Your points won’t expire as long as your account remains open.
When it comes time to redeem your points, you can use them for flights, hotel stays, or car rentals. You can book flights through the HSBC Rewards portal or directly with the airline and receive a statement credit for the cost.
The card also offers perks such as free airport lounge access, annual travel incidentals credit, Uber and Lyft credits, TSA Precheck reimbursement, Boingo Wi-Fi access, and comprehensive travel insurance coverage, including trip cancellation insurance.
While the $395 annual fee may seem steep, it’s actually lower than what other premium travel cards charge. If you’re a frequent traveler who doesn’t mind the annual fee and can take advantage of the card’s benefits, the HSBC Elite Mastercard® could be a valuable addition to your wallet.
Card features
Benefits as listed on the original card page. They can change; confirm details with the issuer.
- Earn 3X points per dollar spent on new travel purchases, 2X points on dining, and 1X point on everything else
- Points earning is unlimited and points do not expire; earn statement credits for Uber, Lyft, and TSA Prev® enrollment
- Earn 50,000 Rewards Program Bonus Points - worth $750 in airfare - when you spend $4,000 in the first 3 months of account opening using HSBC Rewards online to book
- Rewards Program Points are transferable with partner airlines; Complimentary ShopRunner membership
- Unlimited LoungeKey™ airport lounge access
Who this card may suit
- You travel often and/or make frequent use of car rental services
- You allocate most of your credit card expenses towards travel and dining
- You're looking to add a hefty boost to your HSBC Rewards Program points balance
- You want a high-end credit card that doesn’t skimp on additional perks and statement credits for your annual purchases
- You can offset the card’s sizable annual fee
Rates, fees and terms
| Annual Fee | $395 |
|---|---|
| Regular Purchase APR | 20.99% to 24.99% variable based on creditworthiness and the Prime Rate |
| Balance Transfer APR | 20.99% to 24.99% variable based on creditworthiness and the Prime Rate |
| Balance Transfer Transaction Fee | Either $10 or 4% of the amount of each transfer, whichever is greater |
| Cash Advance APR | 29.99% variable based on the Prime Rate |
| Cash Advance Transaction Fee | Either $10 or 4% of the amount of each transfer, whichever is greater |
| Late Payment Penalty Fee | Up to $39 |
| Return Payment Penalty Fee | Up to $39 |
Confirm before you apply: rates, fees and offers change often. The figures above are the ones listed on the original card page, not a current quote from the issuer. APRs are typically variable, and the rate you receive depends on your creditworthiness. Recommended credit: Excellent Credit.
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HSBC Elite Credit Card
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