HSBC World Elite® Mastercard®

HSBC World Elite® Mastercard®
Welcome Bonus
Up to 110,000 Points *
Ends Feb 28, 2023
Annual Fee
$149
  • No Foreign Transaction Fee
  • $100 Annual Credit
  • Accepted at Costco
Interest rates
Purchase Rates
19.9 %
Cash Advance Rates
22.9 %
Balance Transfer Rates
22.9 %
Best no foreign transaction fee travel credit card

Offer

  • Special offer: Earn up to 110,000 ($550 travel value)* PLUS receive a $100 annual travel enhancement credit*. Must apply by February 28, 2023. Conditions apply.
    • Welcome bonus of 20,000 points* ($100 travel value)
    • Earn 70,000 points* when you keep your account open and active for 6 months ($350 travel value)
    • Earn 20,000 points* as an anniversary bonus ($100 travel value)
    • Receive a $100 annual travel enhancement credit*
  • Earn 3% in travel rewards on all eligible travel purchases (6 Points per $1)
  • Earn 1.5% in travel rewards on all other eligible purchases (3 Points per $1)
  • No foreign transaction fees. Only the exchange rate applies
  • 31-day Worldwide Emergency Travel Medical insurance
  • Primary Cardholder Annual Fee: $149
  • Annual Interest on Purchases: 19.9%
  • Annual Interest on Cash Advances and Balance Transfers: 22.9%
  • Authorized User Annual Fee: $50 Per Card

This offer is only available to residents of Quebec. For residents of other provinces/territories, please click here.

Card Awards

Best Mastercard travel credit card
Best no foreign transaction fee travel credit card

Fees & Conditions

Personal Income $80,000
Household Income $150,000
Annual Fee $149
First Additional Card $50
Foreign Transaction Fee 0.00%
Purchase Rate (QC) 19.9%
Cash Advance Rate (QC) 22.9%
Balance Transfer Rates (QC) 22.9%

Value

Calculate the rewards
Your Monthly Spending
Year 1
Year 2+
Welcome Bonus
0 $
Annual Credit
Travel benefits
VIP Lounges
First year offer value
Rewards Earned
Annual fee
Net value

Advantages

Offer ends on Feb 28, 2023
Welcome Bonus amount Up to 110,000 Points *
Minimum Spending Required $0
Minimum Spending Timeframe (Months) 6 month(s)
Transferable Points
Rewards Type Travel Rewards
Transfer Partners HSBC World Elite Rewards Program
Loyalty Program HSBC World Elite Rewards Program
Annual Credit
Concierge
Travel Credits
Wifi Access
Costco

Earnings

Per dollar of purchases

All Spending 3 Points
Groceries 3 Points
Gas 3 Points
Dining and Food delivery 3 Points
Convenience Stores 3 Points
Drugstores 3 Points
Local Transport 3 Points
Travel 6 Points
Entertainment 3 Points
Recurring Payments 3 Points
Telecom/Internet 3 Points
Streaming services 3 Points
Online transactions 3 Points
Office Supplies 3 Points

Insurance

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
$1,000,000
31 day(s)
Travel medical insurance up to 64 years old
$1,000,000
31 day(s)
Travel medical insurance 65+
Trip Cancellation Insurance
$2,000
Trip Interruption Insurance
$2,000
Common Carrier Travel Accident Insurance
$750,000
Flight Delay Insurance
Delayed Baggage Insurance
$200
Lost/Stolen Baggage Insurance
Auto Rental Loss/Insurance
$65,000
31 day(s)
Hotel/Motel Burglary Insurance

Other Insurance

Insurance Name
Included
Amount
Duration
Extended Warranty
1 year
Purchase Protection
90 day(s)
Mobile Device Insurance
Price Protection
Insurance Document

Our review

The HSBC World Elite Mastercard is an excellent no-conversion-fee credit card for foreign currency purchases, especially for your travel purchases.

For a limited time, you can get:

  • Up to 110,000 points (a $550 value in travel rewards) if you live in Quebec and with no minimum purchase!
  • Up to 80,000 points (a $400 value in travel rewards) and first-year annual fee waiver if you live outside Quebec

With the HSBC World Elite® Mastercard®, you can earn:

  • 6 points per dollar for travel purchases (flights, hotels, Airbnb, all-inclusive, etc.)
  • 3 points per dollar for all other purchases including Costco

This means a return of 1.5% to 3% depending on your purchases!

You can easily redeem your points on any travel purchase made with the HSBC World Elite Mastercard (flights, hotels, Airbnb, all-inclusive, etc). But you can also transfer your points to three airline loyalty programs: British Airways Executive Club, Asia Miles and Singapore Airlines Krisflyer.

In addition, the HSBC World Elite Mastercard comes with:

  • $100 Annual Travel Credit (for airport lounges, for example)
  • Unlimited access to Boingo WiFi hotspots around the world
  • 10% discount for hotel bookings on Expedia or Agoda
  • Premium insurance for your travels and purchases

Finally, the HSBC World Elite Mastercard does not charge any conversion fees for foreign exchange transactions: you save 2.5% for each transaction.

Alternative Cards

  • Low-interest
  • 2X points on dining and entertainment
  • Accepted at Costco
  • Get up to $200 in total value* for the first year! Must apply by February 28, 2023. Conditions apply.
  • Earn 2 Points for every $1 spent on eligible dining or entertainment purchases
  • Earn 1 Point for every $1 spent on all other eligible purchases
  • HSBC’s lowest interest rate for purchases, cash advances and balance transfers:
    • Annual Interest on Purchases: 11.9%
    • Annual Interest on Cash Advances and Balance Transfers: 11.9%
  • Price Protection Service – find a lower price within 60 days of your purchase, the difference will be refunded, up to $500 per eligible item
  • Primary Cardholder Annual Fee: $25
  • Authorized User Annual Fee: $10 Per Card
Legal

*Terms and Conditions apply ®/TM Mastercard and World Elite are registered trademarks and the circle concept is a trademark of Mastercard International Incorporated. Used pursuant to license.

Annual Fee
  • Primary card $25
  • Additional card $10
Annual Income Required
  • Individual $0
  • Household $0
Conversion fees
  • 2.5 %
Interest Rates
  • Purchase Rates 11.9 %
  • Cash Advance Rates 11.9 %
  • Balance Transfer Rates 11.9 %
Earning Rate
  • Entertainment2Points
  • Dining and Food delivery2Points
  • All Spending1Point
Value
  • Year 1 $305
  • Year 2+ $105
Best For
Transfer Partners
  • HSBC Plus Rewards Program

Advantages

  • Annual Credit
  • VIP Lounges
  • Concierge
  • Wifi
  • Travel credit

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
Travel medical insurance up to 64 years old
Travel medical insurance 65+
Trip Cancellation Insurance
Trip Interruption Insurance
Common Carrier Travel Accident Insurance
Flight Delay Insurance
Delayed Baggage Insurance
Lost/Stolen Baggage Insurance
Auto Rental Loss/Insurance
Hotel/Motel Burglary Insurance
  • No annual fee
  • 1.5% cash back on online purchases
  • Accepted at Costco
  • Special offer: Earn $125 cash back if you keep your account open and active for 180 days. Must apply by February 28, 2023. Conditions apply.
  • 1.5% cash back on up to $6,000 of your online purchases. And yes, this includes streaming services, online subscriptions and food delivery. Score!
  • 1% cash back on your gas, grocery and drugstore purchases.
  • 0.5% cash back on (almost) everything else you buy with your card.
  • Redeem sooner – You only need to reach $25 in cash back to redeem.
  • Redeem when you want – Redeem for cash back as a statement credit online. See how easy it is at rewards.hsbc.ca
  • Redeem to pay down or save up – Use your cash back for a credit towards your residential mortgage account, or credit card, or to top up your savings account.
Legal

*Terms and Conditions apply

®/TM Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Used pursuant to license.

Annual Fee
  • Primary card $0
  • Additional card $0
Annual Income Required
  • Individual $0
  • Household $0
Conversion fees
  • 2.5 %
Interest Rates
  • Purchase Rates 20.99 %
  • Cash Advance Rates 21.99 %
  • Balance Transfer Rates 21.99 %
Earning Rate
  • Online transactions1.5%
  • Streaming services1.5%
  • Groceries1%
Value
  • Year 1 $287
  • Year 2+ $162
Best For
Transfer Partners
  • Cashback

Advantages

  • Annual Credit
  • VIP Lounges
  • Concierge
  • Wifi
  • Travel credit

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
Travel medical insurance up to 64 years old
Travel medical insurance 65+
Trip Cancellation Insurance
Trip Interruption Insurance
Common Carrier Travel Accident Insurance
Flight Delay Insurance
Delayed Baggage Insurance
Lost/Stolen Baggage Insurance
Auto Rental Loss/Insurance
Hotel/Motel Burglary Insurance
  • No annual fee
  • 3X points on travel purchases
  • Accepted at Costco

Special offer: Earn 25,000 points* ($125 travel value) if you keep your account open and active for 180 days. Must apply by February 28, 2023. Conditions apply.

Collect points and reward yourself anytime;

  • 3 points for every $1 spent on eligible travel purchases* (car rentals, vacations, hotel flights, etc.)
  • 2 points for every $1 spent on eligible gas and daily transportation purchases* (subway, train, taxi, etc.)
  • 1 point for every $1 on all other eligible everyday purchases*
  • Redeem your points your way – the choice is yours
Legal

*Terms and Conditions apply

®/TM Mastercard and World Elite are registered trademarks, and the circles design is a trademark of Mastercard International Incorporated. Used pursuant to license.

Annual Fee
  • Primary card $0
  • Additional card $0
Annual Income Required
  • Individual $0
  • Household $0
Conversion fees
  • 2.5 %
Interest Rates
  • Purchase Rates 20.99 %
  • Cash Advance Rates 21.99 %
  • Balance Transfer Rates 21.99 %
Earning Rate
  • Travel3Points
  • Air Canada3Points
  • Local Transport2Points
Value
  • Year 1 $280
  • Year 2+ $155
Best For
Transfer Partners
  • HSBC Plus Rewards Program

Advantages

  • Annual Credit
  • VIP Lounges
  • Concierge
  • Wifi
  • Travel credit

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
Travel medical insurance up to 64 years old
Travel medical insurance 65+
Trip Cancellation Insurance
Trip Interruption Insurance
$1,500
Common Carrier Travel Accident Insurance
Flight Delay Insurance
Delayed Baggage Insurance
$100
Lost/Stolen Baggage Insurance
Auto Rental Loss/Insurance
Hotel/Motel Burglary Insurance
$1,000
4.75 Milesopedia Rating