Originally Posted by
somewhat traveling actuary
Gotta say HSBC has the worst credit card system in the world. They offer different credit cards, but each of those credit cards have different redemption rates so watch up. Meaning it may look great on face value, but the points earned based on the card you have, will be adjusted when you go and transfer to airline partners. Terrible scam, and that's from someone who has mortgages in both US and Canada from them.
can you give us more details? i had thought all US CC pts transferred at 1:1 regardless of which CC. is it different for Canadian cards? not sure if im able to get all three pt based US cards - HSBC Advance/Premier World/World Elite. but ive read you can only hold one card at a time. Since HSBC doesnt get hit hard like other banks, Im hoping their app velocity limits are more lax.
one thing that shocked me were the massive differences between the US, CA, UK versions of this card. especially the annual fee. its crazy. i had to double check i was looking at the same product. design also looks slightly different.
https://www.us.hsbc.com/credit-cards/products/premier-elite
https://www.hsbc.ca/credit-cards/pro...er-world-elite
https://www.hsbc.co.uk/credit-cards/...er-world-elite
does anyone know if someone could get this card for each country via opening HSBC bank accounts in their respective country (international services)? im sure someone must have tried this.