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Thread: HSBC Premier World MasterCard
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Old Mar 8, 2021 | 7:20 am
  #699  
TravelinSperry
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Originally Posted by stanj
You have to meet the Premier requirements in whatever country you maintain that qualifying balance (e.g., GBP 50K in the UK, HKD 1Mil in Hong Kong). There are some alternate ways in some countries such as having a certain level of income plus holding a mortgage or other specified product.

Another option is HSBC Expat (qualifying level is similar to UK), where you can hold accounts in a few different currencies. Anyone have any experience with establishing a Premier relationship through them?

As far as exchange rates, HSBC's are not very good compared to TransferWise. I just priced a $10K transfer--with HSBC it would equal GBP 7003.21 w/ TransferWise it would be GBP 7114.30.
My experience is similar to Stan. HSBC global transfer rates are not good at all. Transferwise (now Wise) is much better.
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