Up to 110,000 points with the HSBC World Elite Mastercard!

Here’s the offer for the HSBC World Elite Mastercard, if you are a resident of Quebec:

• 20,000 Welcome Bonus Points ($100 travel value)*
• Earn 90,000 points (max. value of $450) if your account remains open and active for 180 days*

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

But don’t forget the $100 annual travel enhancement credit! This partly offsets the annual fee.

This is an introductory offer that we value at $501 in the first year:

Residents outside Quebec can earn up to 80,000 points and a first-year annual fee rebate:

• 20,000 Welcome Bonus Points ($100 travel value)*
• Earn 10,000 points each month when you spend at least $1,000 each month for the first 6 months of account opening (up to $300 travel value)
• First year annual fee rebate for the primary cardholder ($149 value)

See the detailed offer here.

With the HSBC World Elite Mastercard, you can earn:

• 6 points per dollar for travel purchases (flights, hotels, Airbnb, all-inclusive, etc.)
• 4 points per dollar for gas, grocery or drugstore purchases
• 2 points per dollar for all other purchases, including Costco

This makes the HSBC World Elite Mastercard one of the best credit cards for travel purchases but also everyday purchases such as grocery, gas or drugstore purchases.

Knowing that this card allows you to transfer your points to airline programs, here is a chart of mileage accumulation based on purchases made on the HSBC World Elite^® Mastercard^®:

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 per dollar for your travel purchases
• 1.6 AVIOS per dollar for your grocery, gas and drugstore purchases
• 0.8 AVIOS per dollar for all your other purchases

This is much better than the British Airways Executive Club card offered by RBC! And that’s not counting promotional periods for converting HSBC Rewards points to airline miles (up to 35% bonus)!

By transferring your HSBC Rewards points into Avios miles as part of a 35% conversion promotion, it’s like earning:

• 3.24 Avios miles per dollar for your travel purchases
• 2.16 AVIOS per dollar for your grocery, gas and drugstore purchases
• 1.08 AVIOS per dollar for all your other purchases

Or you could fly First Class on Singapore Airlines by transferring your points to the KrisFlyer program.

Exceptional for a credit card in Canada!

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

100,000 HSBC Rewards points are worth $500 in travel rewards.

To use your HSBC Rewards points, simply charge any travel purchase to your HSBC World Elite Mastercard (and earn 6 points per dollar on that purchase).

Then you can go to the HSBC Rewards portal to apply your points to your purchases and get a credit to your credit card account.

Here is an example of the purchase of an Air Transat ticket on my HSBC World Elite Mastercard :

Or for purchases on Airbnb or Hotels.com:

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

Therefore, you will need to have a minimum of 25,000 points to get a statement credit. With 100,000 points, you will have $500 in available account credit!

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

HSBC Rewards partners with 3 airline loyalty programs:

• Asia Miles – Cathay Pacific
• Krisflyer – Singapore Airlines
• Executive Club – British Airways

Here is the HSBC Reward Points to miles conversion ratio:

If you want to convert 100,000 points into miles, here’s what you could get:

A great perk of the HSBC World Elite^® Mastercard^® is the $100 Annual Travel enhancement credit. This credit is available upon application to the HSBC World Elite^® Mastercard^® and is then 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.

To use this credit, just:

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

Then, you will have 60 days after the expense to use your annual Travel Edge credit on it. You can apply it on several small transactions like this:

HSBC World Elite Mastercard holders receive 12 free 90-minute annual accesses to Wi-Fi offered by Boingo (over 1 million hotspots worldwide). The data is unlimited during these 12 sessions.

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 and in many airports and public places.

HSBC World Elite Mastercard credit cardholders receive a 10% discount on prepaid hotel bookings on Expedia or Agoda.

To benefit from this, you will need to register:

• On Expedia’s website
• On the Agoda website

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

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

The HSBCWorld Elite Mastercard comes with a large number of insurance policies, especially for travel.

For emergency travel medical insurance, the HSBC World Elite Mastercard provides coverage of up to $2,000,000 per insured person:

• the primary cardholder
• Spouse
• dependent children

Coverage extends up to 31 days per trip for those under age 65. And up to 21 days per trip for those over 65.

The HSBC World Elite Mastercard provides coverage of up to $1,000 per insured person for baggage delay or loss.

It covers:

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

There is also coverage of up to $200 per trip to purchase necessary items if your luggage is delayed for more than 6 hours at your destination.

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 least75% of your eligibletravel 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.

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.

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.

And offers an automatic doubling of the manufacturer’s warranty for up to one additional year.

HSBC has added numerous insurance coverages to its HSBC World Elite^® Mastercard^® as of February 1, 2023:

The HSBC World Elite^® Mastercard^® joins the ranks of credit cards with the best insurance coverage in Canada.

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

• No conversion fees for foreign currency purchases
• 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 dollar)
• Its earning rate for purchases at gas stations, grocery stores or drugstores (4 points per dollar)

Added to this is the 10% discount for hotel spending on Expedia and Agoda, as well as complimentary Wi-Fi access via Boingo.

It’s a card I keep because its $100 Annual Travel Credit offsets most of its annual fee.

During our world tour with our family, we used it a lot to save on our foreign exchange transaction fees and to use our points for different apartment rentals on Airbnb!

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