HSBC World Elite® Mastercard®: September 2023 Offer Worth $350+ (Ending Soon)

HSBC’s September 2023 offers on its suite of credit cards that earn HSBC Rewards points, including the flagship HSBC World Elite^® Mastercard^®, the mid-tier HSBC +Rewards^™ Mastercard^®, and the entry-level HSBC Travel Rewards Mastercard^®, are set to expire soon.

As per usual, the offers are divided into two separate offers: one for non-Quebec residents and one for Quebec residents.

If you haven’t yet, be sure to have a look at the below offers, and consider applying before September 29, 2023.

HSBC World Elite^® Mastercard^® Non-Quebec Offer: Up to 50,000 Points^* + First Year Free^*

The offer on the HSBC World Elite^® Mastercard^® for non-Quebec residents is as follows. The primary cardholder’s annual fee of $149 is rebated for the first year^*, and you’ll earn the following as a welcome bonus:

• 20,000 HSBC Rewards points^* upon completing your first purchase
• 30,000 HSBC Rewards points^* upon spending $1,000 within 60 days of account opening
• Total of up to 50,000 HSBC Rewards points^*

It’s worth noting that this is a drop from the welcome bonus of up to 80,000 HSBC Rewards points from Summer 2023. However, the minimum spending requirement is much lower this time around, since it requires only $1,000 total in the first two months*, versus $1,000 in each of the first six months as it was before.

At a minimum, HSBC Rewards points are worth 0.5 cents per point each when redeemed against eligible travel purchases made using your HSBC credit card, at a ratio of 200 HSBC Rewards points = $1. Eligible travel purchases include those made from merchants that are classified in the Mastercard network as airlines, car rental agencies, hotels, cruise lines, passenger railways, tour operators, timeshares, and travel agencies.

Therefore, the 50,000 HSBC Rewards points you’d earn in the first year would already be worth at least $250 when redeemed as a statement credit against an eligible travel purchase.

In terms of the returns on daily spending, the HSBC World Elite Mastercard has the following category bonuses:

• 6 HSBC Rewards points per dollar spent on eligible travel purchases^*
• 4 HSBC Rewards points per dollar spent on eligible groceries, gas, and drugstores^*
• 2 HSBC Rewards points per dollar spent on all other eligible purchases^*

There’s also the $100 annual travel enhancement credit^* that comes with this card, which is easy to redeem against incidental purchases along your…