The HSBC Premier World Mastercard lets you choose between earning points through HSBC Rewards Plus or HSBC Qantas Rewards. It also offers a wide range of premium perks. This includes access to over 1,300 airport lounges through the Mastercard Travel Pass provided by DragonPass and complimentary travel insurance for both domestic and international trips.
HSBC Premier World Mastercard
![HSBC Premier World Mastercard](https://www.finder.com.au/niche-builder/5f4df83a5ecbe.jpg)
- Balance transfer rate for 12 months with 2% balance transfer fee
- 0% p.a.
- Purchase rate
- 19.99% p.a.
- Reward points per $ spent
- 1.5
- Annual fee
- $0 p.a.
Our verdict
Earn either HSBC Rewards points or Qantas Points and enjoy perks including airport lounge access and complimentary travel insurance.
Pros
-
Choice of HSBC Rewards Plus or HSBC Qantas Rewards
-
$0 annual fee with HSBC Rewards Plus and HSBC Qantas Rewards
-
Complimentary domestic and international travel insurance
-
Two yearly complimentary airport lounge access through Mastercard Travel Pass provided by DragonPass
Cons
-
No introductory bonus points offer
-
3% foreign transaction fee
Details
Product details
Product Name | HSBC Premier World Mastercard |
Balance transfer rate p.a. | 0% for 12 months with 2% balance transfer fee, then 21.99% |
Balance transfer limit | 90% of available limit |
Purchase rate p.a. | Purchase rate p.a. 19.99% |
Interest-free period | Up to 55 days on purchases |
Cash advance rate p.a. | 21.99% |
Min credit limit | $10,000 |
Max credit limit | $50,000 |
Card type | Mastercard |
Eligibility
Available to temporary residents | No |
Minimum income | $75,000 |
Joint application | No |
Rewards
Rewards program | HSBC Rewards Plus / Qantas Frequent Flyer |
Bonus points | N/A |
Rewards points per $ spent | 1.5 |
Rewards points cap | 120,000 |
Fees
Annual fee | Annual fee $0 |
Minimum monthly repayment | 3% of the closing balance or $20, whichever is greater |
Late payment fee | $30 |
Foreign currency conversion fee | Foreign currency conversion fee 3% |
Cash advance fee | 3% or $4, whichever is greater |
Overseas cash advance fee | The higher of $4 or 3% of the total transaction amount |
Overseas ATM withdrawal fee | $0 |
Additional cardholder fee | $0 |
Your reviews
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Amy Finder
Editor
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Sarah Megginson Finder
July 02, 2024
Hi Enrique,
You can find a range of low interest rate credit cards here.
Hope this helps!
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Diane
April 27, 2024
for the annual fee charges, you had mentioned for – If you pick the HSBC Qantas Rewards option, you’ll earn 1 Qantas Point per $1 spent on eligible purchases and pay a $0 annual fee as well.
But showing in details as – If you pick the HSBC Qantas Rewards option, you’ll earn 1 Qantas Point per $1 spent on eligible purchases and pay a $0 annual fee as well.
Just wonder is there any fee charges if choose Quantas Point rewareds. Thanks!
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Sarah Megginson Finder
June 26, 2024
Hi Diane, there are no additional fees for choosing the Qantas rewards program.
Hope this helps!
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carl
January 04, 2024
hi.
are the 2 lounge passes for the card holder?
or does it mean if I travel overseas with my wife and use lounge
that I need to use both passes?
![Avatar](https://www.finder.com.au/finder-au/wp-uploads/2023/10/Sarah-Megginson_2023_600x600.jpg)
Sarah Megginson Finder
January 05, 2024
Hi Carl, Usually you can use these passes for the cardholder and their guest, as long as your guest is travelling on the same flight as you.
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Sarah Austin
March 27, 2018
Do you have to have an HSBC account to have an HSBC credit card?
Nikki Angco
March 27, 2018
Hi Sarah,
Thanks for your message and for contacting Finder.
For the HSBC Premier World Mastercard, you would need an HSBC Premier Cash Management Account.
But in general, below are the eligibility requirements in applying for an HSBC credit card:
- You must be 18 years or older to apply for an HSBC credit card.
- You must be an Australian citizen or Permanent Resident to apply.
- You need to meet the minimum income requirement stipulated for the card of your choice. This is $20,000 for the HSBC Low Rate Credit Card and $40,000 for the HSBC Platinum Credit Card or HSBC Platinum Qantas Credit Card.
- Your credit history and credit score must typically be very good or excellent.
Hope this helps!
Best regards,
Nikki
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Marg
September 20, 2016
I don’t have HSBC account or any savings or loans with them,does this mean I can’t apply for a premier world credit card
Sharon Finder
September 22, 2016
Hi Marg,
Thanks for your inquiry.
In order for you to apply and receive the benefits of a premier credit card, you need to be a premier customer. To be a premier customer, you need at least 200k savings or 500k in loans with HSBC or a mixture of both.
For further assistance, please get in touch with HSBC directly.
I hope this helps.
Sharon
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Enrique Manuel Alamos Chaparro
June 23, 2024
Hi l want to know which best credit card low interest yearly