There is some language on the website which suggests that it may be waived for the first year only, even if the Premier account is closed. I can try to find it if important to the discussion.

My impression on that was:

1. To get the CC, you must be a Premier customer.

2. The card has no AF for Premier customers (so no AF will be imposed for 1st year for sure). The non-waiver I mentioned is for after 1st year.

If it's not too hard to find out, it would help me. Specifically, if the Premier account is closed soon (within a month) of getting the CC.

Thanks.

Still no offer for Canadians though. I thought we would have seen something by now. Disappointing if there will be no such offer this year.

I don't know what account bonus points are - I don't think any were offered. Basically I have a world mastercard already and the offer is to upgrade it to an elite world mastercard and waive the 395 annual fee for two years.

The published new account offer is 50,000 points. It sounds as if for upgrades they are using the value of the points to offset the annual fee for two years.

Does anyone know the new accounts phone number for this card? I submitted the app but got nothing besides the confirmation e-mail with the application ID number.

Did you try calling your HSBC Premier banker?

Jade version
 

Seems HSBC Canada is just launching a new version of the World Elite with a slighty better set of features. It is called the Jade World Elite Mastercard. Some details online here: https://www.hsbc.ca/1/2/personal/ban...rcard-overview

It looks like it carries a $299 annual fee that is fully rebated if you qualify for the card as a Jade customer.

Postal letter from HSBC USA advising that effective 4.1.2018 the travel redemption ratio changes from 62/USD (0.016/point) to 80/USD (0.0125/point). This is competitive with Citi Premier, Citi Prestige, Chase Sapphire Preferred, Chase INK Preferred, but lags behind American Express Business Platinum and Chase Sapphire Reserve.

It isn't clear if this also applies to the new World Elite MasterCard which advertises a $0.015/point rate (50,000 Rewards Program Bonus Points , worth $750 in air travel).

I have become UK Premier Customer and painful experience to open in USA. I have also had UK World Elite Mastercard from when they opened the account.

USA opening was different. If you qualify for Premier Banking in any Global location, you qualify without fee for local premier banking facilities. My account was not properly set up (and so complicated issues along with the absence of HSBC talking to colleagues, questioning the "The World's Local Bank" as US wanted to confirm I meet every Premier criteria!) The cards are fairly similar for incentives between World Elite Card with small local differences.

The USA Premier Manager view was since Premier Customers qualify for both credit cards. If you UK version, why would you need to pay $375 for effectively the same travel benefits? You have to pay for local credit cards and the difference between UK/USA is the USA CC account opening process is done centrally (taking three weeks and not an immediate decision at the local branch!) I'm still waiting to receive confirmation along with the card as having a TFF card in $ for USA usage is necessary for me. The Premier World has no fee with slightly lower reward points as an older card. I was also given a USA deposit account with small "promotional" uplift rate for a year. Basis points not significant with low-interest rates.

As for Jade, its a higher level of Premier Account. Its probably like the offering for BAEC Gold + upwards is much different to Silver or below. I don't qualify for Jade account but presume used to match higher tier Citi cards.

I'm a UK Premier customer and hold a US account using my UK relationship. I had no issues getting the normal Premier World Mastercard, it took about 10 minutes on the phone with my US relationship manager (although this was a couple of years ago). I have the UK World Elite card which seems to have essentially the same benefits as the US one but costs less in annual fees. Interestingly the US 'free' card comes with Boingo access but the UK paid card has iPass so I have both.

HSBC Premier World Elite Rejected in the Mail, then Approved with no notice?
 

Basically, I got rejected for the HSBC Premier World Elite Mastercard; received the rejection letter in the mail. A few weeks later (two days ago) I then received the card in my mail and today just received a letter stating I was approved.

I'm really confused to the approval as I did not call the recon line or appeal their rejection. I also did not hear back from my banker. They also gave me a healthy credit limit of 11k as a college student. Also I should note that after the rejection, funds were transferred to my account for tuition.

Do any of you know of what caused the sudden approval and what may have happened?