The details shown below are for a card with Rewards Plus
The details shown below are for a card with Qantas Frequent Flyer
Choose the version of this credit card that suits you best
| Name | Rewards program | |
|---|---|---|
|
|
Premier World Mastercard (Rewards Plus) | Rewards Plus |
|
|
Premier World Mastercard (Qantas Frequent Flyer) | Qantas Frequent Flyer |
Premier World Mastercard (Rewards Plus)
Rewards: Rewards Plus
Premier World Mastercard (Qantas Frequent Flyer)
Rewards: Qantas Frequent Flyer
If you’re on the lookout for a credit card that can also act as a great travel companion then the Premier World MasterCard from HSBC could be the card for you. With no annual fee ($99 if you opt for the Qantas Points program), a range of free insurance perks and a generous points earning rate of 1 point per $1 spent, this could certainly be a card to pack on your next trip away.
The Premier World MasterCard from HSBC allows you to choose between two different rewards programs: either the Rewards Plus program in which you’ll be able to earn 1 HSBC Rewards Point for every $1 you spend, or the Qantas Frequent Flyer program in which you could earn 1 Qantas Point for every $1 spent on eligible purchases.
Points lovers will be pleased to know that there’s no annual card fee with the HSBC Rewards Plus program, while the Qantas Frequent Flyer option comes with a low $99 annual fee. Just beware that with either program your points will be capped at 10,000 for each statement period.
Cardholders should do their best to avoid carrying a balance, as the Premier World MasterCard has a high 19.99% purchase rate, though you will have up to 55 interest free days on your purchases if you pay off your balance in full each statement period. It could also be worth giving ATMs a miss with the card, as it comes with a 21.99% cash advance rate.
The Premier World MasterCard also comes with a number of features which could come in handy for travellers, including complimentary domestic and international travel insurance and a competitive 2.00% foreign exchange margin.
Cardholders will also be able to access a number of other free insurance perks including extended warranty insurance and purchase protection insurance, plus like all HSBC cards, the Premier World MasterCard is compatible with Apple Pay.
There is also a special balance transfer deal on offer for cardholders with existing debt on another card, with HSBC offering a 5.99% purchase rate on balance transfer for the first six months, though this will revert back to the high 21.99% cash advance rate afterward.
With its complimentary insurances, points earning potential and competitive foreign exchange margin - all with a $0 annual fee - the HSBC Premier World MasterCard could be a great choice for international travellers as well as regular points lovers.
To be eligible for the Premier World MasterCard, you must have a minimum of $500,000 in loans or a minimum of $200,000 in savings and investments (or a combination of loans and savings totalling at least $500,000) with HSBC.
Fly Sydney to London return
212,000 points
Fly Sydney to Melbourne one-way
15,600 points
$100 Giftcard
24,000 points
$100 Cash
24,000 points
1 point per dollar on Mastercard, up to 10000 points per month
Redeem your points for shopping, travel and merchandise rewards.
You can choose to transfer points to airline programs including AsiaMiles and Singapore Airlines KrisFlyer.
HSBC home&away program offers discounts on shopping, travel and more, in over 40 countries.
Spend $24,000 (Mastercard)
Spend $24,000 (Mastercard)
Spend $15,600 (Mastercard)
Spend $212,000 (Mastercard)
at 10,000 points monthly
36 months
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.
|
19.99% p.a. |
|
|
none |
|
|
5.99% p.a. for 6 months and then 21.99% p.a. |
|
|
yes |
|
|
21.99% p.a. |
|
|
55 |
|
$0.00 |
|
|
none |
|
|
none |
|
|
none |
|
|
$30.00 |
|
|
3%, min $4.00 |
|
|
2.00% |
|
|
$8.00 |
|
|
$0.00 |
|
|
$0.00 |
|
$20.00 |
|
|
3.0 |
|
|
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. |
Apple Pay, Google Pay
Travel Insurance,
Extended Warranty,
Purchase Protection,
Account alerts by SMS,
Guaranteed Pricing
Access to the Home&Away Privilege Program to receive discounts and benefits.
Fly Sydney to London return
110,400 points
Fly Sydney to Melbourne one-way
8,000 points
$100 Giftcard
19,010 points
$100 Cash
-
1 point per dollar on Mastercard, up to 10000 points per month
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.
Spend $19,010 (Mastercard)
Spend $8,000 (Mastercard)
Spend $110,400 (Mastercard)
at 10,000 points monthly
Never
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.
|
19.99% p.a. |
|
|
none |
|
|
5.99% p.a. for 6 months and then 21.99% p.a. |
|
|
yes |
|
|
21.99% p.a. |
|
|
55 |
|
$99.00 |
|
|
none |
|
|
none |
|
|
none |
|
|
$30.00 |
|
|
3%, min $4.00 |
|
|
2.00% |
|
|
$8.00 |
|
|
$0.00 |
|
|
$0.00 |
|
$20.00 |
|
|
3.0 |
|
|
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. |
Apple Pay, Google Pay
Travel Insurance,
Extended Warranty,
Purchase Protection,
Account alerts by SMS,
Guaranteed Pricing
Access to the Home&Away Privilege Program to receive discounts and benefits.
Credit card application nightmare question after question send in many documents than phone calls asking for more details it goes on and on and then a nice little message to say it's been declined and wont give a reason which ruins your credit score. However there's banking is fine just a shame they don't seem to be able to help with credit cards its another branch.
Read full reviewCredit card application nightmare question after question send in many documents than phone calls asking for more details it goes on and on and then a nice little message to say it's been declined and wont give a reason which ruins your credit score. However there's banking is fine just a shame they don't seem to be able to help with credit cards its another branch.
HSBC provides no useful customer support if you are in the many locations across the country without branches. Your only avenue is through call centres which have very limited information and resources provided by HSBC to assist you. But depending on which call centre you receive, you may receive various degrees of misinformation, totally incorrect information, outright lies, or even have your call terminated. There appears to be a lack of training and no contract management audits to check these call centres are doing what they are engaged to do. There is no feedback avenue for good and bad encounters. The call centre totally mismanaged my enquiry causing many hardships and inconveniences for me, not to mention considerable financial costs. There is nowhere else to go after the call centre. Nowhere. I receive excellent service from my HSBC Premier team in Malaysia. Not so with HSBC in Australia.
Read full reviewHSBC provides no useful customer support if you are in the many locations across the country without branches. Your only avenue is through call centres which have very limited information and resources provided by HSBC to assist you. But depending on which call centre you receive, you may receive various degrees of misinformation, totally incorrect information, outright lies, or even have your call terminated. There appears to be a lack of training and no contract management audits to check these call centres are doing what they are engaged to do. There is no feedback avenue for good and bad encounters. The call centre totally mismanaged my enquiry causing many hardships and inconveniences for me, not to mention considerable financial costs. There is nowhere else to go after the call centre. Nowhere. I receive excellent service from my HSBC Premier team in Malaysia. Not so with HSBC in Australia.
Very convenient to use, service is very good too with friendly and helpful staff.
Read full reviewVery convenient to use, service is very good too with friendly and helpful staff.
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.
Read full reviewI 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.
HSBC
Platinum Credit Card
19.99% p.a.
0% p.a. for 36 months and then 21.99% p.a.
$129 $29 in the first year
Westpac
Low Rate
13.74% p.a.
6.99% p.a. for 12 months and then 21.49% p.a. (1.00% balance transfer fee)
$59
Virgin Money
No Annual Fee Card
0% p.a. for 12 months then 18.99% p.a.
0% p.a. for 12 months and then 20.99% p.a.
$0
American Express
Qantas Ultimate Card
20.74% p.a.
No current offer
$450
Qantas Frequent Flyer
Virgin Money
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
20.74% p.a.
0% p.a. for 28 months and then 20.99% p.a.
$129 $0 in the first year
Velocity Frequent Flyer
St.George
Vertigo
13.99% p.a.
0% p.a. for 32 months and then 21.49% p.a.
$55 $0 in the first year
American Express
Platinum Edge Credit Card
20.74% p.a.
No current offer
$195
Membership Rewards
American Express
Cashback Credit Card
20.74% p.a.
No current offer
$120 First year monthly fees waived for online applications, new card members only., $0 in the first year
Cashback Rewards
NAB
Low Rate Card
12.99% p.a.
0% p.a. for 32 months and then 21.74% p.a.
$59 $0 in the first year
American Express
Qantas Ultimate Card
Qantas Frequent Flyer
$450
100,000
1.25 points uncapped
Westpac
Altitude Platinum
Qantas Frequent Flyer
$200 $99 in the first year
70,000
0.5 points up to $100,000/year
American Express
Platinum Edge Credit Card
Membership Rewards
$195
30,000
1 point uncapped
St.George
Amplify Rewards Platinum
Qantas Frequent Flyer
$99
60,000
0.5 points up to $100,000/year
NAB
Qantas Rewards Premium Card
Qantas Frequent Flyer
$250 $150 in the first year
70,000
0.66 points up to $3,000/month, then
0.33 points up to $6,000/month
St.George
Amplify Rewards Platinum
Rewards
$99 $29 in the first year
100,000
1 point uncapped
HSBC
Platinum Credit Card
0% p.a. for 36 months and then 21.99% p.a.
19.99% p.a.
$129 $29 in the first year
Rewards Plus
St.George
Vertigo
0% p.a. for 32 months and then 21.49% p.a.
13.99% p.a.
$55 $0 in the first year
Virgin Money
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
0% p.a. for 28 months and then 20.99% p.a.
20.74% p.a.
$129 $0 in the first year
Velocity Frequent Flyer
St.George
Amplify Rewards Platinum
0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)
19.49% p.a.
$99
Qantas Frequent Flyer
St.George
Amplify Rewards Signature
0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)
19.49% p.a.
$279
Qantas Frequent Flyer
Westpac
Low Rate
6.99% p.a. for 12 months and then 21.49% p.a. (1.00% balance transfer fee)
13.74% p.a.
$59
Virgin Money
No Annual Fee Card
0% p.a. for 12 months then 18.99% p.a.
0% p.a. for 12 months and then 20.99% p.a.
$0
Westpac
Low Rate
13.74% p.a.
6.99% p.a. for 12 months and then 21.49% p.a. (1.00% balance transfer fee)
$59
St.George
Vertigo
13.99% p.a.
0% p.a. for 32 months and then 21.49% p.a.
$55 $0 in the first year
Virgin Money
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
20.74% p.a.
0% p.a. for 28 months and then 20.99% p.a.
$129 $0 in the first year
NAB
Low Rate Card
12.99% p.a.
0% p.a. for 32 months and then 21.74% p.a.
$59 $0 in the first year
Virgin Money
Virgin Australia Velocity Flyer Card - Bonus Points Offer
20.74% p.a.
0% p.a. for 18 months and then 20.99% p.a.
$129 $64 in the first year
Westpac
Low Rate
13.74% p.a.
6.99% p.a. for 12 months and then 21.49% p.a. (1.00% balance transfer fee)
$59
Virgin Money
No Annual Fee Card
0% p.a. for 12 months then 18.99% p.a.
0% p.a. for 12 months and then 20.99% p.a.
$0
St.George
Vertigo
13.99% p.a.
0% p.a. for 32 months and then 21.49% p.a.
$55 $0 in the first year
NAB
Low Rate Card
12.99% p.a.
0% p.a. for 32 months and then 21.74% p.a.
$59 $0 in the first year
St.George
Amplify Rewards Platinum
19.49% p.a.
0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)
$99
St.George
Amplify Rewards Platinum
19.49% p.a.
0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)
$99 $29 in the first year
