Premier World Mastercard (Rewards Plus) card image

HSBC Premier World Mastercard

Advertiser disclosure
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
Purchase rate
19.99% p.a.
Balance transfer rate
0% p.a. for 12 months and then 21.99% p.a. (2.00% balance transfer fee)
Annual fees
$0
Interest free days on purchases
55
Purchase rate
19.99% p.a.
Balance transfer rate
0% p.a. for 12 months and then 21.99% p.a. (2.00% balance transfer fee)
Annual fees
$0
Interest free days on purchases
55

Mozo editorial review HSBC Premier World Mastercard - last updated: 29 August 2023

binocular icon
What's hot
  • $0 annual fee
  • Complimentary insurance perks
  • 1.5 points per $1 spent earn rate up to $120,000 annually
What's not
  • 19.99% purchase rate
  • HSBC Reward Points expire after 36 months
Mozo snapshot

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, a range of free insurance perks and a generous points earning rate of 1.5 points per $1 spent, this could certainly be a card to pack on your next trip away. 

key icon
Key features

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 1.5 HSBC Rewards Points for every $1 you spend on eligible purchases of up to $120,000 annually, or the Qantas Frequent Flyer program in which you could earn 1.5 Qantas Points for every $1 spent on eligible purchases within the first 12 months.

Points lovers will be pleased to know that there’s no annual card fee with the HSBC Rewards Plus program, or the Qantas Frequent Flyer option.

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 3.00% 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 0% purchase rate on balance transfer for the first 12 months (with a 2% balance transfer fee), though this will revert back to the high 21.99% cash advance rate afterward.

snapshot
Who is it good for

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.

question icon
Any catches

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.

Rewards program details

Rates and fees information correct as at 31 May 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.

What your points get you
Fly Sydney to London return

239,200 points

Fly Sydney to Melbourne one-way

15,600 points

$100 Giftcard

24,000 points

$100 Cash

24,000 points

Points earning

1.5 points per dollar on Mastercard, up to $120,000 per year

Rewards scheme

Redeem your points for shopping, travel and merchandise rewards.

You can choose to transfer points to airline programs including Cathay Pacific and Singapore Airlines KrisFlyer.

HSBC home&away program offers discounts on shopping, travel and more, in over 40 countries.

Value of rewards points

Spend $16,000 (Mastercard)

Spend $16,000 (Mastercard)

Spend $10,400 (Mastercard)

Spend $159,467 (Mastercard)

at $120,000 yearly

36 months

How do we calculate these points?

Rate and fee details

Rates

19.99% p.a.

none

0% p.a. for 12 months and then 21.99% p.a. (2.00% balance transfer fee)

yes

21.99% p.a.

55

Fees

$0.00

none

none

none

$30.00

3%, min $4.00

3.00%

$8.00

$0.00

$0.00

Features

$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.

Payment options

Apple Pay, Google Wallet

Rewards privileges

Travel Insurance,
Extended Warranty,
Purchase Protection,
Account alerts by SMS,
Rental Vehicle Excess Insurance in Australia

Other benefits

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

Rewards program details

Rates and fees information correct as at 31 May 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.

What your points get you
Fly Sydney to London return

110,400 points

Fly Sydney to Melbourne one-way

8,000 points

$100 Giftcard

20,010 points

$100 Cash

-

Points earning

1 point per dollar on Mastercard, up to $120,000 per year

Rewards scheme

Points are automatically accredited to the Qantas Frequent Flyer Program.

All rewards redeemed via Qantas Frequent Flyer.

Earn 1.5 Qantas Points for every $1 spent on eligible purchases up to $120,000 during the first 12 months of your account. Earn 1 Qantas Point for every $1 spent on eligible purchases up to $120,000 in subsequent years

HSBC home&away program offers discounts on shopping, travel and more, in over 40 countries.

Value of rewards points

Spend $20,010 (Mastercard)

Spend $8,000 (Mastercard)

Spend $110,400 (Mastercard)

at $120,000 yearly

Never

How do we calculate these points?

Rate and fee details

Rates

19.99% p.a.

none

0% p.a. for 12 months and then 21.99% p.a. (2.00% balance transfer fee)

yes

21.99% p.a.

55

Fees

$0.00

none

none

none

$30.00

3%, min $4.00

3.00%

$8.00

$0.00

$0.00

Features

$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.

Payment options

Apple Pay, Google Wallet

Rewards privileges

Travel Insurance,
Extended Warranty,
Purchase Protection,
Account alerts by SMS,
Rental Vehicle Excess Insurance in Australia

Other benefits

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

Customer Reviews

How are HSBC credit cards rated by the Mozo community?

Overall
6.5/10
Price
5.5/10
Features
5.5/10
Customer service
5.5/10
Convenience
5.4/10
Trust
5.7/10
Based on 473 HSBC credit card reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

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