Beginning October 28, 2019, if you pay your Global Entry Application Fee with your HSBC Premier World Mastercard® credit card, you can redeem 10,000 Points to receive a $100 statement credit to cover the fee.
More information will be available soon. While you wait, learn about the offers & benefits available to you now.
I got excited when I first saw this thinking they would extend (and increase) the PreCheck reimbursement to include the Global Entry Fee, but then realized it was a redemption option.
Not sure what the point of it is, doesn't appear to be any more beneficial than doing a straight statement credit redemption.