HSBC Premier World MasterCard

19.99% p.a.

5.99% p.a. for 6 months and then 21.99% p.a.

$0

19.99% p.a.

5.99% p.a. for 6 months and then 21.99% p.a.

$99

Currently showing

Revealing rewards

How do we do it?

To work out the "Rewards value minus fees" in our Rewards Revealer we:

  • calculate how many points you'd get each year,
  • figure out how many flights or gift cards or cashback credits you could get for those points,
  • work out what that's actually worth to you,
  • take off the annual fee you'd pay.

More details:

  • Our calculations are designed to help you compare the value of different rewards schemes. To do this, we've looked at earning a one-way Sydney-Melbourne flight excluding taxes and charges, a return Sydney-London flight excluding taxes and charges, a $100 shopping Gift Card and $100 cashback. Most cards will also offer other rewards, which may be worth more or less than the ones we've shown.
  • We have made no allowance for bonus points for using your card at specific merchants, introductory offers or special offers. We have not assigned any value to instant discounts, insurances, ticketing and concierge services or other such benefits.
  • Rewards value calculations do not take credit card interest into account. If you do not pay off your card each month you may be better off looking for a card based on interest rates than on the value of rewards.
  • In products that have more than one card, a different mix of spend between American Express / Visa / Mastercard will give different results. Mozo's Rewards Revealer lets you choose the mix based on the way you would use such a product, and gives you tailored results.
  • We assume flights purchased with airline points are 'classic' or 'reward' economy seats with restricted seat availability. 'Any seat' rewards will probably cost more.
  • To compare the value of flight rewards, we sample online retail flight prices once a quarter based on the average price on a Wednesday 3 months in advance but outside NSW school holidays. For domestic flights we take the lowest available fare from each flight on that day from Qantas Red e-deal, Virgin Australia Saver including baggage and Jetstar Starter including baggage. We calculate the average price excluding taxes and surcharges for each airline, and also the average across all airlines (which we use when rewards are travel agent vouchers). For international flights, we take the lowest available fares on that same Wednesday from each of Qantas, Emirates, Malaysian, Etihad, Singapore, Cathay Pacific and Thai, assuming a return flight 2 weeks later, calculate the average price before taxes and surcharges and use this as our assumed cost of a flight on any airline.
  • Shopping rewards are based on $100 gift cards from a major national department store.
  • We make every effort to ensure our calculations are correct and up to date but make no guarantees.

Rewards scheme

  • Redeem your points for shopping, travel and merchandise rewards.
  • You can choose to transfer points to airline programs including AsiaMiles, Singapore Airlines KrisFlyer and Velocity Points.
  • HSBC home&away program offers discounts on shopping, travel and more, in over 40 countries.

Privileges

  • Travel Insurance
  • Extended Warranty
  • Purchase Protection
  • Account alerts by SMS
  • Guaranteed Pricing

Value of rewards points

  • Need to spend $30,000 (Mastercard)

  • Need to spend $20,000 (Mastercard)

  • Need to spend $15,600 (Mastercard)

  • Need to spend $239,200 (Mastercard)

  • Uncapped

  • 36 months

Details behind our 'value of rewards' calculations

  • 1 point per dollar on Mastercard, uncapped

  • 30000 points buys a $100 credit

  • 20000 points buys a Myer $100 Gift Card

  • 1 points buys 0.5 Velocity Points; 7800 Velocity Points buys a Virgin Australia Sydney-Melbourne flight

  • 1 points buys 0.5 Velocity Points; 119600 Velocity Points buys a Velocity partner Sydney-London flight

* How did we do it? Find out...

Rates

  • 19.99% p.a.

  • none

  • 5.99% p.a. for 6 months and then 21.99% p.a.

  • yes

  • 21.99% p.a.

  • 55

Fees

  • $0.00

  • none

  • none

  • none

  • $30.00

  • 3%, min $4.00

  • 2.00%

  • $8.00

  • $0.00

  • $0.00

Other financial bits

  • $20.00

  • 3.0

Features

  • yes

  • Must have a minimum of $500,000 in loans or minimum $200,000 in savings and investments, or a combination of loans, savings and investments totalling a minimum of $500,000 with HSBC.

  • Access to the Home&Away Privilege Program to receive discounts and benefits.

Rewards scheme

  • Points are automatically accredited to the Qantas Frequent Flyer Program.
  • All rewards redeemed via Qantas Frequent Flyer.
  • HSBC home&away program offers discounts on shopping, travel and more, in over 40 countries.

Privileges

  • Travel Insurance
  • Extended Warranty
  • Purchase Protection
  • Account alerts by SMS
  • Guaranteed Pricing

Value of rewards points

  • Need to spend $16,160 (Mastercard)

  • Need to spend $8,000 (Mastercard)

  • Need to spend $120,000 (Mastercard)

  • Uncapped

  • Never

Details behind our 'value of rewards' calculations

  • 1 point per dollar on Mastercard, uncapped

  • 16160 points buys a Myer $100 Gift Card

  • 8000 points buys a Qantas Sydney-Melbourne flight

  • 120000 points buys a Qantas Sydney-London flight

* How did we do it? Find out...

Rates

  • 19.99% p.a.

  • none

  • 5.99% p.a. for 6 months and then 21.99% p.a.

  • yes

  • 21.99% p.a.

  • 55

Fees

  • $99.00

  • none

  • none

  • none

  • $30.00

  • 3%, min $4.00

  • 2.00%

  • $8.00

  • $0.00

  • $0.00

Other financial bits

  • $20.00

  • 3.0

Features

  • yes

  • Must have a minimum of $500,000 in loans or minimum $200,000 in savings and investments, or a combination of loans, savings and investments totalling a minimum of $500,000 with HSBC.

  • Access to the Home&Away Privilege Program to receive discounts and benefits.

About HSBC

HSBC in Australia is part of the HSBC Group, one of the world's largest banking and financial services organisations. HSBC has products for every money need you can think of, including savings accounts and term deposits for your day-to-day money management, a suite of home loans to finance your dream home, plus credit card and personal loan options. With branches all over the world, HSBC is the world's local bank!

How are HSBC credit cards rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
5.5

Based on 139
HSBC credit cards reviews

5.4 5.5 5.6 5.4 5.8

Read HSBC credit card reviews by the Mozo community

Latest reviews of HSBC Premier World MasterCard

HSBC

HSBC Premier World Mastercard (Rewards Plus) credit card review

Overall rating   9 / 10

Highly recommended.

Very convenient to use, service is very good too with friendly and helpful staff.

Full review

Very convenient to use, service is very good too with friendly and helpful staff.

    Price   8 / 10

    Features   8 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   7 / 10

Less

Boon (VIC), reviewed almost 2 years ago

HSBC

HSBC Premier World Mastercard (Rewards Plus) credit card review

Overall rating   9 / 10

Great customer service.

I like this bank because the services are personal and am able to communicate with them with regards to quarries. The con is that sometimes it takes some time to connect to the customer service via phone.

Full review

I like this bank because the services are personal and am able to communicate with them with regards to quarries. The con is that sometimes it takes some time to connect to the customer service via phone.

    Price   9 / 10

    Features   9 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   9 / 10

Less

Balasundarsm (VIC), reviewed over 2 years ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

**Saving based on the average difference in fees and charges over 3 years between the most competitive product Mozo can refer a consumer to and the average credit card product input by 6,863 consumers (average balance of $4,262 or balance transfer balance of $5,818, interest rate of 19.6% and annual fee of $36.50) who used the Mozo Credit Card Health Check tool between 1 January 2012 to July 2012.

Compare other credit cards
Advertisement