HSBC Premier World MasterCard

    Hide Wikipost
Old Feb 14, 20, 6:22 am   -   Wikipost
Please read: This is a community-maintained wiki post containing the most important information from this thread. You may edit the Wiki once you have been on FT for 90 days and have made 90 posts.
 
Last edit by: mia
Wiki Link
HSBC (USA) Premier has seven 1:1 airline transfer partners. Cards issued in other countries may have different partners and transfer ratios

ONE WORLD
British Airways (Avios)
Iberia (Avios)

SKYTEAM
AeroMexico

STAR
Singapore Airlines

INDEPENDENT
Aer Lingus (Avios)
Emirates
Jet Airways

Print Wikipost

Old Apr 21, 20, 10:13 am
  #601  
 
Join Date: Feb 2020
Posts: 12
Can the points on the US version still be used through HSBC's travel portal at 1.5c pp? What is the travel portal like and how does it compare to Chase/Citi/Amex in terms of availability and price?
Waddle is offline  
Old Apr 22, 20, 12:32 pm
  #602  
 
Join Date: Apr 2012
Location: SFO
Programs: AS MVP Gold 75K, UA Gold, Marriott LTT, Avis President's Club
Posts: 1,441
Originally Posted by Waddle View Post
Can the points on the US version still be used through HSBC's travel portal at 1.5c pp? What is the travel portal like and how does it compare to Chase/Citi/Amex in terms of availability and price?
I searched for 1 passenger, 1 way, Business class, LAX->JFK, Oct 3 2020

Google Flights: $479 for Alaska 468 departing at 3:30 PM
Rewards Portal: 31,873 points for the same flight. This would 1.5cpp

Spot checked a few other flights and they were around the same. One AA flight was getting 1.59cpp.

In terms of what is the travel portal like Iíd say itís as good as any other HSBC web interface. Which is to say, not great. Chase and AMEX do have better UIs.

Caveat is I have the World Elite card ($395 AF version). I'm not sure if that is different redemption wise.
JHake10 is offline  
Old Apr 24, 20, 8:08 am
  #603  
 
Join Date: Jul 2017
Posts: 91
The HSBC chat agent sounded confused so thought I might ask here.

If I keep a small amount (say $500) in a Premier Checking and $75k in a Direct Savings will I qualify as Premier without direct deposits?

Last edited by Dream of Flying; Apr 24, 20 at 8:22 am
Dream of Flying is offline  
Old Apr 24, 20, 9:25 am
  #604  
 
Join Date: Apr 2012
Location: SFO
Programs: AS MVP Gold 75K, UA Gold, Marriott LTT, Avis President's Club
Posts: 1,441
Originally Posted by Dream of Flying View Post
The HSBC chat agent sounded confused so thought I might ask here.

If I keep a small amount (say $500) in a Premier Checking and $75k in a Direct Savings will I qualify as Premier without direct deposits?
Everything I'm see seems to say yes. However, HSBC Premier Savings accounts aren't that good (typical 0.1%). I think HSBC Direct (online savings with higher rates) may count as a separate bank for these purposes.

The HSBC Premier checking account is available to consumers (including any consumer who is a Qualifying Principal as defined below) who have a U.S. personal and qualifying commercial related combined deposit balance in U.S. Dollar accounts and investment balance of at least $75,000
If there happens to be a HSBC branch around you i'd just go in and ask.
Dream of Flying likes this.
JHake10 is offline  
Old Apr 24, 20, 9:42 am
  #605  
mia
A FlyerTalk Posting Legend, Moderator: American Express, Citi, Diners Club, Signatures
 
Join Date: Jun 2003
Location: Miami & London
Programs: AA & Marriott Perpetual Platinum; HH Gold
Posts: 41,183
HSBC Direct accounts are accessed through the same Username as other HSBC accounts. I do not know if the balance counts for Premier fee waiver purposes. Why not continue to have the direct deposit made to the Premier account, and periodically transfer funds to the Direct saving account?
JHake10 and Dream of Flying like this.
mia is online now  
Old Apr 24, 20, 2:50 pm
  #606  
 
Join Date: Jul 2003
Location: WAS/ Silver Spring, MD,USA
Programs: UA/AA
Posts: 850
I was informed by their CS rep that your account balances are aggregated for fee waiver determination.
Dream of Flying likes this.
Paiteaw is offline  
Old Apr 30, 20, 6:34 pm
  #607  
mia
A FlyerTalk Posting Legend, Moderator: American Express, Citi, Diners Club, Signatures
 
Join Date: Jun 2003
Location: Miami & London
Programs: AA & Marriott Perpetual Platinum; HH Gold
Posts: 41,183
Email received: The Annual Percentage Yield (APY) on your HSBC Direct Savings account will be 1.60%1 starting May 04, 2020.
mia is online now  
Old Apr 30, 20, 8:31 pm
  #608  
 
Join Date: Apr 2012
Location: SFO
Programs: AS MVP Gold 75K, UA Gold, Marriott LTT, Avis President's Club
Posts: 1,441
Originally Posted by mia View Post
Email received: The Annual Percentage Yield (APY) on your HSBC Direct Savings account will be 1.60%1 starting May 04, 2020.
I also got that. However, it seems HSBC Direct Savings is generally one of the highest earning accounts. I guess Iíll be sticking with it even though itís getting me less.
JHake10 is offline  
Old May 1, 20, 7:58 am
  #609  
 
Join Date: Jul 2017
Posts: 91
Just received Premier Checking sub ($750). I have been doing monthly $5000 DD (real one, from employer) to HSBC but not convinced that I want to continue long term. (Besides, I was pleasantly surprised to find out employer DD is very “nimble” and should bode well for future checking account subs ).

So now debating if I should move $75K to be parked at HSBC Direct Savings to keep Premier status. HSBC MasterCards are not as good as BoA cards, at least not for my expenses. SUBs are ok, but will take up 5/24 slots. No Biz cards as far as I can tell. The decrease in APY isn’t surprising but still nudging me to the other direction a little more.

Hgrrr
Dream of Flying is offline  
Old May 2, 20, 2:27 pm
  #610  
 
Join Date: Apr 2012
Location: SFO
Programs: AS MVP Gold 75K, UA Gold, Marriott LTT, Avis President's Club
Posts: 1,441
Originally Posted by Dream of Flying View Post
Just received Premier Checking sub ($750). I have been doing monthly $5000 DD (real one, from employer) to HSBC but not convinced that I want to continue long term. (Besides, I was pleasantly surprised to find out employer DD is very ďnimbleĒ and should bode well for future checking account subs ).

So now debating if I should move $75K to be parked at HSBC Direct Savings to keep Premier status. HSBC MasterCards are not as good as BoA cards, at least not for my expenses. SUBs are ok, but will take up 5/24 slots. No Biz cards as far as I can tell. The decrease in APY isnít surprising but still nudging me to the other direction a little more.

Hgrrr
HSBC Premier seemed to be the best option for me. The 5K direct deposit waiver is solid compared to other banks. I like the no fees on wire transfer (thatís how I move money to my brokerage since itís free and fast). Other things like no fees on bank checks are nice too. Other accounts with these features often require more money. I know Sapphire Banking and Citi Gold all have some what high minimums.

The one thing I think theyíre missing is no ATMs fees international. However, this is a decent trade off since there are HSBC ATMs in many countries anyway.
Dream of Flying likes this.
JHake10 is offline  
Old May 2, 20, 2:28 pm
  #611  
 
Join Date: Apr 2012
Location: SFO
Programs: AS MVP Gold 75K, UA Gold, Marriott LTT, Avis President's Club
Posts: 1,441
One of the reasons I signed up for the HSBC credit card was Boingo (I was sad to see AMEX lose this). It seems to work well in Asia with random hotel WiFi. However, I just used my Boingo login on an AA viasat flight. Thatís pretty awesome.
JHake10 is offline  
Old May 6, 20, 12:41 pm
  #612  
 
Join Date: Apr 2012
Location: SFO
Programs: AS MVP Gold 75K, UA Gold, Marriott LTT, Avis President's Club
Posts: 1,441
Looks like the HSBC World Elite MasterCard is adding 3x at grocery stores through June 30th. I wonder is CVS/Walgreens would count.

Earn 3X Points on grocery purchases1 - including grocery stores, convenience stores, and wholesale clubs. As we adapt to these unprecedented times, HSBC is enhancing the value of your card to meet your needs. These special offers are available to you now through June 30, 2020.
JHake10 is offline  
Old May 7, 20, 5:54 am
  #613  
 
Join Date: Apr 2002
Posts: 2,385
I'm curious what people see as being attractive in the HSBC World Elite MC for $395 a year? I'm looking for a replacement for my City National Bank Crystal Infinite card, and will likely go with the Chase Sapphire Reserve once travel resumes. Similarly, the HSBC Premier MC has a few OK perks for no fee with an HSBC funded account, but again, not sure if it's worth moving money for. Just wondering if I'm missing something?
TTT103 is offline  
Old May 7, 20, 12:21 pm
  #614  
 
Join Date: Apr 2012
Location: SFO
Programs: AS MVP Gold 75K, UA Gold, Marriott LTT, Avis President's Club
Posts: 1,441
Originally Posted by TTT103 View Post
I'm curious what people see as being attractive in the HSBC World Elite MC for $395 a year? I'm looking for a replacement for my City National Bank Crystal Infinite card, and will likely go with the Chase Sapphire Reserve once travel resumes. Similarly, the HSBC Premier MC has a few OK perks for no fee with an HSBC funded account, but again, not sure if it's worth moving money for. Just wondering if I'm missing something?
You're not missing anything. Are the cards alright? Yeah. Are they better than AMEX/Chase offerings? Not really. I wouldn't go out of my way to get this card (opening an account just for this). AMEX Platinum is good for perks and Chase Sapprhire Reserve is good for easy (but not the most generous) points earning.

What I like about my HSBC World Elite card
  • Boingo benefit (this was removed from AMEX Platinum). This works well in Asia and at a few airports in the US.
  • The $100 Uber/Lyft credit and $100 travel credit are straight forward to use. This doesn't require jumping through hoops like with AMEX.
  • Not many points transfer partners but they have the ones I use most anyway (SQ and BA).
  • Other MasterCard benefits (not unique to HSBC) is the Postmates $5 off $25, $5 Fandago credit when you buy 2 tickets, $10 Lyft credit when you take 5 rides in a month.
  • 1.5cpp through their travel portal (see IT comment below)
  • I haven't tested this yet but I believe these cards are Chip and Pin (I set up a pin via their phone system). This would in theory let you use things like vending machines for train tickets in Europe.
What I don't like
  • HSBC IT is pretty bad. Looks like they haven't updated anything from the early 2000s. This includes their benefit administrator who runs the credit card rewards and travel portal.
JHake10 is offline  
Old May 7, 20, 12:54 pm
  #615  
 
Join Date: Mar 2017
Programs: Delta Platinum, United Platinum
Posts: 37
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.
somewhat traveling actuary is offline  

Thread Tools
Search this Thread
Search Engine: