The HSBC World Elite Mastercard has long been a strong contender for one of Canada’s overall best credit cards. Whether it’s earning versatile HSBC Rewards points, saving money abroad with no foreign transaction fees, or offsetting costs with the annual $100 travel enhancement credit, there are many reasons why Canadians have opted to keep this card open year after year.
To further sweeten the deal, the HSBC World Elite Mastercard often comes with a competitive welcome bonus and an annual rebate for the first year. When combined together, you can easily score a first-year value of over $700 without paying a dime.
With this in mind, here are 10 reasons why the HSBC World Elite Mastercard deserves a permanent spot in your wallet.
HSBC World Elite® Mastercard®
- Earn
20,000up to 80,000 HSBC Rewards points - Plus, earn 6 HSBC Rewards points per dollar spent on travel purchases
- Plus, receive an annual $100 travel enhancement credit
- Transfer HSBC Rewards points to Singapore Airlines KrisFlyer and other frequent flyer programs for premium flights, or redeem points for statement credit for any travel expense
- No foreign transaction fees
- Minimum income: $80,000 personal or $150,000 household
- Annual fee: $0 for the first year, then $149
- Offer valid for non-Quebec residents only. Quebec residents are eligible for a different offer
1. 80,000+ HSBC Rewards Welcome Bonus
The HSBC World Elite Mastercard currently is offering up to 80,000 HSBC Rewards points as a welcome bonus for Canadian residents outside of Quebec. Until May 31, 2023, the welcome bonus is broken down as follows:
- 20,000 HSBC Rewards points upon making the first purchase
- 10,000 HSBC Rewards points upon spending $1,000 (CAD) in each of the first six months, up to 60,000 points
There is a separate offer for up to 110,000 HSBC Rewards points for residents of Quebec, also valid until May 31, 2023, which is structured as follows:
- 20,000 HSBC Rewards upon making the first purchase
- 90,000 HSBC Rewards upon keeping your account open and in good standing for the first six months
It’s important to note that the welcome bonus isn’t the only difference between the two separate offers. As we’ll…
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