Originally Posted by
crimsona
HSBC premier world MasterCard has travel partners, but it seems like you need to log in to see what the rates are. I expect it to be 1:1, but no guarantee
The transfer ratio is 1:1 indeed but BA runs promotions with HSBC times to times. Most recently, they had a 20% transfer bonus until August 31st with HSBC, effectively making the ratio: 1.2 to 1. Grocery, gas and drugstores are also 1.5X like some of the more expensive Aeroplan VISA or AMEX except HSBC Premier World MC has no annual fee as long as you meet the requirements of HSBC Premier account (aka. need to have more than $100,000 with HSBC). They also had a sign up bonus promo of 20K a few months ago, better than most other Aeroplan Visa. If you want to fly SQ Suites or First Class on long-haul aircrafts, you will have to redeem using SQ's own miles.
Originally Posted by
yerffej201
https://www.hsbc.ca/1/2/personal/ban...ewards-details
HSBC Premier World MasterCard cardholders enrolled in the HSBC Premier World Rewards Program can convert Rewards Points into frequent flyer miles of participating airlines.
To my knowledge, partners as I just said are CX, BA, and SQ. I recall it was a 1:0.9 transfer ratio.
No, it's 1 to 1 for miles but 1.25 to 1 to use it as cash booking for travels.
Originally Posted by
superangrypenguin
(yes, qualification means that one has to have 6 figures in "stuff" with HSBC - so TFSA's, RRSP's, cash, InvestDirect etc).
And wow. Thanks folks. ^^ (learned something new today)
I have emailed my banker prior to getting this card. I will report back with transfer ratios and participating airlines.
Ask them to give you a sign up bonus, the most recent one is for 20K. If he feigned ignorance, ask him to go to their own website and check. If he said the deadline has past, shame him by asking him as a long time customer, why haven't you told me about this before.