Choose the version of this credit card that suits you best
| Name | Rewards program | |
|---|---|---|
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Premier World Mastercard (Rewards Plus) | Rewards Plus |
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Premier World Mastercard (Qantas Frequent Flyer) | 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, 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.
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.
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.
Rates and fees information correct as at 16 April 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.
239,200 points
15,600 points
24,000 points
24,000 points
1 point per dollar on Mastercard, up to $120,000 per year
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.
Earn 1.5 Reward Plus Points for every $1 spent on eligible purchases up to $120,000 during the first 12 months of your account. Earn 1 Reward Plus 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.
Spend $24,000 (Mastercard)
Spend $24,000 (Mastercard)
Spend $15,600 (Mastercard)
Spend $239,200 (Mastercard)
at $120,000 yearly
36 months
|
19.99% p.a. |
|
|
none |
|
|
0% p.a. for 12 months and then 21.99% p.a. (2.00% balance transfer fee) |
|
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yes |
|
|
21.99% p.a. |
|
|
55 |
|
$0.00 |
|
|
none |
|
|
none |
|
|
none |
|
|
$30.00 |
|
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3%, min $4.00 |
|
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3.00% |
|
|
$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 Wallet
Travel Insurance,
Extended Warranty,
Purchase Protection,
Account alerts by SMS,
Guaranteed Pricing
Access to the Home&Away Privilege Program to receive discounts and benefits.
Rates and fees information correct as at 16 April 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.
110,400 points
8,000 points
20,010 points
-
1 point per dollar on Mastercard, up to $120,000 per year
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.
Spend $20,010 (Mastercard)
Spend $8,000 (Mastercard)
Spend $110,400 (Mastercard)
at $120,000 yearly
Never
|
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 |
|
$0.00 |
|
|
none |
|
|
none |
|
|
none |
|
|
$30.00 |
|
|
3%, min $4.00 |
|
|
3.00% |
|
|
$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 Wallet
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.
Low Rate Card
13.49% p.a.
0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)
$59 $0 in the first year
Qantas Ultimate Card
23.99% p.a.
No current offer
$450
Qantas Frequent Flyer
Platinum Edge Credit Card
23.99% p.a.
No current offer
$195 $0 in the first year
Membership Rewards
Explorer Credit Card
23.99% p.a.
No current offer
$395
Membership Rewards
Velocity Platinum Card
23.99% p.a.
No current offer
$375
Velocity Frequent Flyer
Qantas Discovery Card
23.99% p.a.
No current offer
$0
Qantas Frequent Flyer
Velocity Escape Card
23.99% p.a.
No current offer
$0
Velocity Frequent Flyer
Qantas Ultimate Card
Qantas Frequent Flyer
$450
60,000
1.25 points up to 100,000 points/year, then
1 point uncapped
Platinum Visa Credit Card
Qantas Frequent Flyer
$299
50,000
1 point up to 20,000 points/month
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
Qantas Premium Card
Qantas Frequent Flyer
$249
20,000
1 point uncapped
Rewards Signature Card
NAB Rewards
$295 $145 in the first year
160,000
1.25 points uncapped
Qantas Discovery Card
Qantas Frequent Flyer
$0
No current offer
0.75 points uncapped
Velocity Escape Card
Velocity Frequent Flyer
$0
No current offer
0.75 points uncapped
Qantas Rewards Signature Card
Qantas Frequent Flyer
$395 $295 in the first year
120,000
1 point up to $5,000/month, then
0.5 points up to $20,000/month
Low Rate Card
0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)
13.49% p.a.
$59 $0 in the first year
Premier Credit Card
0% p.a. for 6 months and then 22.24% p.a.
21.49% p.a.
$300 $150 in the subsequent years if you spend $48,000 on eligible purchases or cash advances in previous year., $150 in the first year
Citi Rewards Program
Blue Visa Credit Card
0% p.a. for 9 months and then 21.74% p.a.
0% p.a. for 9 months then 20.74% p.a.
$60
Q Rewards
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
0% p.a. for 24 months and then 20.99% p.a.
20.74% p.a.
$149 $0 in the first year
Velocity Frequent Flyer
More Mastercard
0% p.a. for 6 months and then 19.99% p.a. (1.00% balance transfer fee)
19.99% p.a.
$100
Bankwest More Rewards
Low Rate Card
13.49% p.a.
0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)
$59 $0 in the first year
Low Rate Credit Card
12.99% p.a.
0% p.a. for 12 months and then 25.99% p.a. (2.00% balance transfer fee)
$99
Low Rate Visa Credit Card
9.90% p.a.
No current offer
$59
Low Rate Credit Card
8.99% p.a.
0% p.a. for 6 months and then 8.99% p.a.
$59 $0 in the first year
Low Rate Card
13.49% p.a.
0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)
$59 $0 in the first year
Low Rate Credit Card
12.99% p.a.
0% p.a. for 12 months and then 25.99% p.a. (2.00% balance transfer fee)
$99
Low Rate Visa Credit Card
9.90% p.a.
No current offer
$59
Low Rate Credit Card
8.99% p.a.
0% p.a. for 6 months and then 8.99% p.a.
$59 $0 in the first year
Blue Visa Credit Card
0% p.a. for 9 months then 20.74% p.a.
0% p.a. for 9 months and then 21.74% p.a.
$60
Flex Card
0% p.a.
No current offer
$120 $10 monthly fee waived if the outstanding balance on the previous statement is paid in full by the due date.
StraightUp Card
n/a
No current offer
$240 $20/month - waived if no spend & no balance owing
