HSBC Premier Credit Card review
Looking to make your money work for you? The HSBC Premier Credit Card offers a variety of unique benefits and rewards. Read our comprehensive review to find out what this card can do for you!
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by Aline Barbosa
HSBC Premier Credit Card: Unlock a world of rewards and special privileges!
Are you in the market for a credit card with competitive rewards, excellent customer service and hassle-free transactions? If so, then the HSBC Premier Credit Card might be exactly what you’re looking for.
See how to apply for the HSBC Premier Credit Card
Take your finances to the next level and learn how you can apply for the HSBC Premier Card to discover its rewards and benefits today.
- Credit Score: You need at least a good credit rating to become eligible.
- Annual Fee: No annual fee if you choose the HSBC Rewards Plus, and a $99 annual fee if you choose the HSBC Qantas Rewards program.
- Intro offer: There is no current promotion attached to the HSBC Premier Card.
- Rewards: The HSBC Rewards Plus offers 1 point per eligible domestic purchase, and 1.5 point on eligible international spending (points capped at 10,000 per statement). The HSBC Qantas Rewards offers 1 point per eligible purchases up to 10,000 per statement.
- P.A.: 19.99% on purchases and 21.99% on cash advances.
- Other Fees: $30 late payment fee, 2% overseas exchange fee, and the higher of 3% or $4 for cash advances.
This card holds premium benefits and allows you to choose a rewards program that resonates with you the most.
Plus, you can choose a no-annual fee card, have access to amazing travel benefits, and much more!
In this review we’ll cover everything from bonus offers to travel insurance, special discounts, and more.
So keep reading to get the inside scoop on what makes HSBC Premier Credit Card a dream-come-true for savvy spenders!
HSBC Premier Credit Card: What can you expect?
The HSBC Credit Card is an exclusive product for customers who hold a HSBC Premier Cash Management Account with HSBC Australia.
The card offers incredible benefits to its members, and it’s one of the few in the market that lets you choose your rewards program.
What that means is that you can choose a no-annual fee card with the HSBC Rewards Plus and earn 1 point per dollar on domestic purchases.
Eligible international spending will earn you 1.5 points, and you can get up to 10,000 points per statement.
The HSBC Qantas Rewards on the other hand charges a $99 annual fee and rewards you with 1 Qantas Point per dollar spent on eligible purchases. This option is also capped at 10,000 per statement.
Both cards have a 19.99% p.a. on purchases and offer a credit limit of at least $10,000.
You’ll have access to plenty of travel perks such as airport lounge access, complimentary insurance benefits, special discounts and offers at partnered merchants, and much more!
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Do the pros outweigh the cons?
Before signing up for this credit card, it’s important to evaluate all of the features – both good and bad – to determine if the pros really do outweigh the cons.
Read on to learn more about what makes this credit card stand out from others!
Pros
- HSBC Instant Savings with special discounts and offers at over 4,500 merchants;
- Domestic and international complimentary insurance benefits;
- Access to over 1,000 airport lounges across the globe;
- The ability to choose your rewards program;
- The HSBC Premier Credit Card offers rewards points on all eligible purchases.
Cons
- To qualify, you need a HSBC Premier Cash Management Account;
- The card charges a 2% overseas exchange fee;
- You also need a high annual income and a healthy credit rating.
What are the eligibility requirements?
The HSBC Premier Credit Card is a fantastic money management tool, but it’s not available to all. To get a hold of this card, you need to earn at least $75.000 per annum and have a high credit rating.
You also need a HSBC Premier Cash Management Account to your name, loans, investments or savings above $200,000 with the bank, and to meet other criteria determined by HSBC Australia.
Learn how to request the HSBC Premier Credit Card
If you meet the bank’s qualifying criteria, then applying for the HSBC Premier Credit Card shouldn’t take more than a few minutes. Check the following link to learn how!
See how to apply for the HSBC Premier Credit Card
Take your finances to the next level and learn how you can apply for the HSBC Premier Card to discover its rewards and benefits today.
Aline Barbosa
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