Get Up to 130,000 points with this Welcome Offer!
Introducing the HSBC World Elite® Mastercard®

Exceptional: Get Up to 130,000 points With The HSBC World Elite Mastercard!

To the point

This offer from HSBC Bank Canada on its HSBC World Elite® Mastercard® is unheard of: get up to 130,000 points!

Sign-Up bonuses

For Quebec

If you are a resident of Quebec, you can get:

  • A welcome bonus of 20,000 points after the first purchase (a value of $100 in travel rewards)
  • Receive an additional 110,000 Points ($550 travel value) if you keep your account open and active for 180 days

On the other hand, the first-year annual fee is $149.

This is an offer never seen for Quebec to get 130,000 points (or $650), or 52,000 Avios miles without minimum spending required. And don’t forget the $100 Annual Travel enhancement credit!

Hsbc Offers Quebec

We value this offer at $601!

130,000 points Welcome Bonus $650
Annual Travel enhancement credit $100
First-Year Annual Fee $149
Offer value $601

Knowing that travel is uncertain for the next few months, this is a credit card to get now while waiting for better days! Especially since it does not require any minimum expenses: the welcome bonus will be released in time to book your future trips!

For more information or to apply for it, click here!

100% online

Whereas before new customers had to go to a branch to verify their identity, since October 8, 2020, this is no longer the case! To verify your identity, have one of the following pieces of I.D. on-hand: your passport, driver’s license or a Provincial government Issued I.D.

And to make the identification process easier, enter your Social Insurance Number (SIN).

Outside Quebec

If you are not a resident of Quebec, you can get:

  • A welcome bonus of 20,000 points after the first purchase (a value of $100 in travel rewards)
  • Spend $5,000 in the first 180 days to earn an additional 80,000 Points ($400 travel value)
  • 1st Year Annual Fee Rebate for the Primary Cardholder for the first year

We value this offer at $601!

130,000 points Welcome Bonus $500
Annual Travel enhancement credit $100
First-Year Annual Fee $0
Offer value $600

Here you will get the first-year free. And given the current situation, HSBC gives you 6 months (instead of the usual 3 months) to charge $5,000 to the card (an average of $833 per month).

For more information or to apply for it, click here!

Introducing the HSBC World Elite® Mastercard®
HSBC at all global airports

An HSBC Rewards Card

The HSBC World Elite® Mastercard® is part of the HSBC Rewards travel points program. Let’s see how to earn HSBC Rewards points with this card and especially how to redeem them to save on travel!

HSBC Rewards Points earning

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

  • 6 points per 1 dollar on all eligible travel purchases (= 3% in travel rewards)
  • 3 points per 1 dollar on all other eligible purchases (= 1.5% in travel rewards)

The HSBC World Elite® Mastercard® is one of the best credit cards for travel purchases, but also everyday purchases. Few cards offer 3% on travel and 1.5% on everyday purchases.

Avios, Krisflyer or Asia Miles Earning

With this Card, you can transfer your points to airline partners. You’ll find below a mileage earning table based on purchases charged to the HSBC World Elite® Mastercard®:

Program Travel (6 points / dollar) Other purchases (3 points / dollar)
Asia Miles 1.92 miles per dollar 0.96 mile / dollar
Krisflyer 2.16 miles / dollar 1.08 mile / dollar
Executive Club 2.4 miles per dollar 1.2 mile / dollar

So if you earn HSBC Rewards points to transfer them into Avios miles from British Airways Executive Club, it’s like you’re accumulating:

  • 2.4 avios miles per dollar for your travel purchases
  • 1.2 avios mile per dollar for all your purchases

It is much better than RBC’s British Airways credit card! And that’s not taking into account conversion promotions between HSBC Rewards and airline loyalty programs (up to 35% bonus)!

By transferring your HSBC Rewards points into Avios miles during a 35% conversion promotion, it’s like you’ve earned:

  • 3.4 avios miles per dollar for your travel purchases
  • 1.62 avios miles per dollar for your other purchases

It’s exceptional for a credit card in Canada!

Accepted at Costco

The HSBC World Elite® Mastercard® belongs to the Mastercard network.

With that card, you’ll earn 3 points per dollar at Costco (= 1.5% in travel rewards).

Redeeming HSBC Rewards Points

For travel

Redeeming HSBC Rewards points for travel rewards will be the best possible use of your points earned by the HSBC World Elite® Mastercard®.

130,000 HSBC Rewards points have a value of $650 in travel rewards.

To redeem your HSBC Rewards points, charge any travel purchase on your HSBC World Elite® Mastercard® (and earn 6 points per dollar).

Then you can go to the HSBC Rewards portal to apply your points on your travel purchases and get a statement credit.

Lounge VIP Luberon Marseille T1B 25

For example, here an Air Transat flight I’ve recently bought on my HSBC World Elite® Mastercard®:

Introducing the HSBC World Elite® Mastercard®
Redeeming HSBC points for an Air Transat flight ticket

Or for purchases on Airbnb or Hotels.com:

Airbnb Hotels Hsbc
HSBC points redeemed for Airbnb or hotels.com purchases
airbnb featured

To redeem HSBC Rewards points, it works with a chart starting at 25,000 points ($125):

Points Statement credit
25 000 $125
35000 $175
45 000 $225
55 000 $275
65 000 $325
75 000 $375
85 000 $425
95 000 $475
105 000 $525
115 000 $575
125 000 $625
135 000 $675

Therefore, you will need to have a minimum of 25,000 points to get a statement credit. With 130,000 points, you’ll have a $650 statement credit available!

For converting points into miles

In Canada, few institutions offer the ability to convert travel points into airline loyalty programs (American Express, RBC and HSBC).

HSBC Rewards is a partner with three airline loyalty programs:

  • Asia Miles – Cathay Pacific
  • Krisflyer – Singapore Airlines
  • Executive Club – British Airways
Introducing the HSBC World Elite® Mastercard®
HSBC Rewards Airline Partners

Here is the HSBC Reward Points to miles conversion ratio:

HSBC Rewards Points Miles Ratio
Asia Miles 25 000 8 000 0.32
Krisflyer 25 000 9 000 0.36
Executive Club 25 000 10 000 0.4
cathay pacific a350 1000 1

If you want to convert into miles your 130,000 points earned as a welcome bonus, here’s what you could get:

Program Miles
Asia Miles 41,600 miles
Krisflyer 46,800 miles
Executive Club 52,000 miles

And that’s not taking into account conversion promotions between HSBC Rewards and airline loyalty programs (up to 35% bonus)!

So if you wait for a 35% promotion to convert your 130,000 points earned as a Welcome Bonus, you could get 70,200 Avios miles!

Never seen before!

Introducing the HSBC World Elite® Mastercard®
Conversion promotion to avios miles

For gift cards and products

Like all the loyalty programs, you can use your HSBC Rewards points for gift cards.

Introducing the HSBC World Elite® Mastercard®
Gift gift cards with HSBC Rewards points

Many retailers are available such as Costco, Esso, Amazon, Best Buy, Disney, Transat, Via Rail, IGA. Here are some examples and costs in points:

Gift-card HSBC Rewards Points Value
Costco 65,000 $200
Esso 33,400 $100
Amazon 33,400 $100
Best Buy 80,900 $250
Disney 41,300 US$100
IGA/Sobeys/Safeway 17,600 $50

As always, my advice will be to redeem your HSBC Rewards points for travel and not gift cards.

However, if you have less than 25,000 points (and therefore unusable against travel), it may be convenient to liquidate your points through this method.

If you want to use that way your 130,000 points earned as a welcome bonus, you could get a $400 Costco gift card.

For financial rewards

Finally, the last option to use HSBC Rewards points is for financial products offered by HSBC.

Introducing the HSBC World Elite® Mastercard®
Personal finance products

Here are the different possible redemptions:

HSBC Rewards Points Value
HSBC Mastercard Account Credit 25 000 $75
HSBC Mortgage Account Credit 25 000 $100
HSBC Savings Account Credit 25 000 $75

If you want to use that way your 130,000 points earned as a welcome bonus, you could get a $520 HSBC Mortgage Account Credit.

A card for travellers

The HSBC World Elite® Mastercard® is primarily a card designed for travellers or those who regularly pay in foreign currency. Here are the main perks.

$100 Annual Travel enhancement credit

A great perk of the HSBC World Elite® Mastercard® is the $100 Annual Travel enhancement credit. This annual travel credit is available as soon as you apply for the HSBC World Elite® Mastercard® and renewed on the account anniversary date.

If you think about it: your HSBC World Elite® Mastercard® annual fee is, therefore, virtually reduced from $149 to $49. Unbelievable for a World Elite Card! So you can keep it year after year.

Introducing the HSBC World Elite® Mastercard®
$100 Travel enhancement credit

To use this credit, just:

  • book a plane ticket,
  • buy extras for seats, luggage
  • buy airport lounge passes

After that, you will have 60 days to use your Annual Travel enhancement credit on it. You can apply it on several small transactions like this:

Introducing the HSBC World Elite® Mastercard®
Using credit with 2 transactions

No foreign currency conversion fees

HSBC World Elite® Mastercard® best perk: no foreign currency conversion fee. Only a few credit cards in Canada offer this travel perk.

Being often abroad, I use my HSBC World Elite® Mastercard® for all my everyday purchases. Here are, for example, recent purchases on my card during a stay in France:

Introducing the HSBC World Elite® Mastercard®
HSBC Credit card statement - Abroad purchases

Checking the tool provided by Mastercard for foreign currency conversion rate, it’s easy to verify that there are no conversion fees applied by HSBC (all other cards having a 2.5% fee).

My 71.08 euros purchase at the FNAC store costs me $103.90 on my HSBC credit card statement.

Introducing the HSBC World Elite® Mastercard®
Mastercard conversion rate

And remember to ALWAYS pay in local currency (here in Euros) while abroad. The conversion rate offered on the retailer machine will ALWAYS be unfavourable.

Here is the proof for this same purchase at the FNAC store with my HSBC World Elite® Mastercard®:

Instead of CA$103.90, I would have been charged CA$107.74! A $3.84 difference!

Introducing the HSBC World Elite® Mastercard®
In-store conversion choices

Unlimited Wi-Fi access through Boingo

HSBC World Elite® Mastercard® holders have free and unlimited access to Wi-Fi through Boingo (more than one million access points around the world).

Introducing the HSBC World Elite® Mastercard®
Boingo Wi-Fi Access

To take advantage of this free benefit, register at this address with your HSBC World Elite® Mastercard® number.

Then, you will have a Boingo account you can use worldwide. Boing usually charges US$14.99 per month for this!

Swiss, Lufthansa and Singapore Airlines are among the few airlines that offer Boingo on board their aircraft. I have already been able to use it on board, as well as in many airports and public places.

10% discount with Expedia and Agoda

HSBC World Elite® Mastercard® holders receive a 10% discount for their prepaid hotel bookings with Expedia or Agoda.

Introducing the HSBC World Elite® Mastercard®
10% discount with Expedia

To benefit from this, you will need to register:

Airport lounges access with LoungeKey

Finally, HSBC World Elite® Mastercard® holders receive a complimentary membership to Mastercard Airport Experiences Provided by LoungeKey.

However, there will be a charge of US$32 per person for each visit. You can, of course, use your annual $100 Travel enhancement credit to cover it.

salon VIP de YQB Quebec Jean Lesage Intl 1
Salon VIP de Québec - Accessible avec LoungeKey

A card with solid insurance

With a “World Elite Mastercard” level, the HSBC World Elite® Mastercard® provides a wide range of insurance, especially for travel.

Worldwide Emergency Travel Medical insurance

Regarding the Emergency Travel Medical insurance, the HSBC World Elite® Mastercard® provides coverage of up to $1,000,000 per insured person:

  • the primary cardholder
  • Spouse
  • dependent children

Coverage extends to 31 days per trip for people under age 65.

Beware though: travel in Cuba is not covered by this insurance.

Baggage Delay or Loss insurance

Regarding Baggage Delay or Loss insurance, you are covered to a maximum of $750per insured person (maximum of $500 per item) with the HSBC World Elite® Mastercard®.

It covers:

  • Loss or damage
  • Theft
  • Burglary
  • fire or transport hazards

You are also covered for up to $200 per trip for the purchase of necessities if your checked baggage is delayed by the carrier for 12 hours or more en route to your destination.

Trip Cancellation and Trip Interruption/Delay insurance

Regarding trip Cancellation and Trip Interruption/Delay insurance, the HSBC World Elite® Mastercard® covers up to $2,000 per insured person ($5,000 per trip). You have to charge at least 75% of your eligible travel expenses to your card.

This includes all non-refundable expenses (prepaid trips) in the event of cancellation as well as costs incurred for the change of ticket or the cost of a ticket to return home early.

Car rental insurance

Regarding car rental insurance, the HSBC World Elite® Mastercard® covers up to 31 consecutive days. You have to charge at least 75% of the cost of the rental vehicle to your card.

This includes collisions or damage up to the full value of the damaged or stolen rental vehicle, as well as towing or loss of use charges.

Car Rental insurance also includes Personal Effects and Car Rental Accidental Death and Dismemberment insurance coverage.

Be careful, like all the other credit cards providing car rental insurance, liability insurance is not included.

Purchase Assurance and Extended Warranty Insurance

Finally, regarding Purchase Assurance and Extended Warranty Insurance, when you use your HSBC World Elite® Mastercard® to purchase eligible items, Purchase Protection provides coverage in the event of loss, damage or theft for 90 days from the purchase date.

Extended Warranty coverage automatically doubles the original manufacturer’s warranty for up to one additional year when you use your HSBC World Elite Mastercard to purchase most items.

Conclusion

The HSBC World Elite Mastercard is a card I like for several reasons:

  • No foreign transaction fees
  • Points redemptions flexibility (either used in travel credit or transferred to airline partners)
  • The fact that it is a Mastercard, it is accepted everywhere (including at Costco)
  • Its ability to earn points for travel purchases(6 points per dollaror 3% )
  • Its earning rate for all other purchases(3 points per dollar or 1.5% )

Also, there is a 10% discount for select hotel purchases with Expedia and Agoda and unlimited access to Wi-Fi through Boingo.

It’s a card I keep because its annual $100 Travel enhancement credit largely offsets the annual fee.

During our family trip around the world, we used it a lot to save on our foreign currency transaction fees and to redeem points for Airbnb rentals!

Social Insurance Number

Important: At the time of your HSBC credit card application, enter your Social Insurance Number (SIN). So you may avoid a visit to an HSBC branch!

HSBC Canada Credit Cards

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