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Hsbc World Elite Vs Scotia Passport Infinite 4

Comparing: HSBC World Elite Mastercard vs Scotiabank Passport Visa Infinite

To the point Here is a comparison between two excellent credit cards for travellers: the HSBC World Elite Mastercard and the Scotiabank Passport Visa Infinite Card.

HSBC Bank has been visibly looking to further penetrate the traveller credit card market in recent months with the HSBC World Elite Mastercard . It’s doing so by multiplying the welcome bonus offers, the latest of which is exceptional.

Many readers were accustomed to using their Scotiabank Passport Visa Infinite Card which, in many ways, is similar to the HSBC World Elite Mastercard.

Especially since they are the two of the best credit cards in Canada without conversion fees for foreign currency transactions.

Welcome bonus

The welcome bonus offered by each of these credit cards varies according to promotions. However, there are important differences between the two cards!

HSBC World Elite

The HSBC World Elite Mastercardoffers a different welcome bonus depending on your province of residence (Quebec or outside Quebec).

In Quebec: annual fees must be paid in the first year. However, to compensate, HSBC offers the equivalent of this fee in points (30,000 points) and there is no minimum expenditure to get the Welcome Bonus!

Outside Quebec: annual fees are generally waived in the first year. On the other hand, the offer will be less generous in points and there will often be a minimum expenditure to be met in 3 to 6 months (usually $5,000).

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The Scotiabank Passport Visa Infinite Card offers the same Welcome Bonus across Canada. You’ll have to spend $1,000 in 3 months to get it.

In the welcome offer, Scotia also includes an additional 10,000 points that can be earned after $40,000 in purchases during the year.

Advantage: HSBC World Elite Mastercard

The Welcome Bonus for the HSBC World Elite Mastercard is often much more generous than the Welcome Bonus for the Scotiabank Passport Visa Infinite Card. And if you’re a Quebec resident, this card is often a lot more advantageous!

Earning points

The HSBC World Elite Mastercard and the Scotiabank Passport Visa Infinite Card each offer 2 levels to earn points.

Maximum earning level

HSBC World Elite

With the HSBC World Elite Mastercard, you can earn up to 6 points per dollar for travel purchases:

This is a 3% value.

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With the Scotiabank Passport Visa Infinite Card, you get 2 points per dollar of purchase in:

This is a 2% value.

DRAW MATCH

It’s quite hard to differentiate the two cards on the highest purchase category.

Indeed, some will spend more on travel purchases and will have to favour the HSBC World Elite Mastercard for its 6 points per dollar.

While others will make greater use of the Scotiabank Passport Visa Infinite Card for everyday purchases, earning 2 points per dollar.

Basic earning level

Outside of these accelerated earning purchase categories, the HSBC World Elite Mastercard and the Scotiabank Passport Visa Infinite Card offer a basic earning rate.

HSBC World Elite

With the HSBC World Elite Mastercard , you can earn 3 points per dollar for all other purchases.

This is a 1.5% value.

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With the Scotiabank Passport Visa Infinite Card, you get 1 point per dollar for all other purchases.

This is a 1% value.

Advantage: HSBC World Elite Mastercard

The HSBC World Elite Mastercard gets you more points for all purchases compared to the Scotiabank Passport Visa Infinite Card.

And since it’s a Mastercard, it’ll be accepted at Costco. This can possibly make the difference for you!

Redeeming points

Both cards offer travel points.

However, their loyalty programs are completely different:

This means that the ways you can redeem your points are different.

Points redeemed for trips purchased with the card

HSBC World Elite

With the HSBC World Elite Mastercard, you can apply your points to travel purchases charged to the card.

The utilization rate is 20,000 points = $100.

You must apply at least 25,000 points (or a minimum of $125), thereafter it will be in increments of 10,000 points (or $50).

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With the Scotiabank Passport Visa Infinite Card, you can apply your points to travel purchases.

The utilization rate is 10,000 points = $100.

You must apply at least 5,000 points (i.e. minimum $50), thereafter it will be in increments of 1 cent = 1 point.

Advantage: Scotiabank Passport Visa Infinite

With regards to using your points for travel purchases, the Scotiabank Passport Visa Infinite Card is simpler than the HSBC World Elite Mastercard.

With the HSBC World Elite Mastercard, you’ll need to make sure you have at least 25,000 points in your account to spend (or $125 in travel credit).

Points for other rewards

Both the HSBC World Elite Mastercard and the Scotiabank Passport Visa Infinite Card can be used for other rewards: everyday purchases, gift cards, products, investments.

However, I would advise against these uses because of their low yield.

HSBC World Elite

The HSBC World Elite Mastercard allows you to use your points for HSBC gift cards, items or investment products.

For example, you can use 65,000 points for a $200 Costco gift card.

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The Scotiabank Passport Visa Infinite Card allows you to apply your points to everyday purchases.

The utilization rate is between $6.67 and $8 per 1,000 points.

You must apply at least 3,000 points (i.e. minimum $20), afterwards it will be per increment (4,500 – 7,500 – 11,000 – 14,000 – 21,000 – 37,500 – 62,500).

DRAW MATCH

Both cards are quite similar on this aspect; the use rate is almost the same. It’s always better to use the points to travel!

Transfers to partners

HSBC World Elite

With the HSBC World Elite Mastercard, you can transfer your travel points into airline miles.

HSBC Rewards is a partner with three airline loyalty programs:

  • Asia Miles – Cathay Pacific
  • Krisflyer – Singapore Airlines
  • Executive Club – British Airways
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The Scotiabank Passport™ Visa Infinite* Card is part of the SCENE+ loyalty program.

This program does not have partners to transfer points.

Advantage: HSBC World Elite Mastercard

The HSBC World Elite Mastercard wins this duel, thanks to its three transfer partners.

Annual fee

HSBC World Elite

The HSBC World Elite Mastercard has an annual fee of $149.

However, this card offers an annual $100 Travel Privilege credit, which means it only costs $49 a year!

And if you have an HSBC Premier account, you get an additional $50 rebate.

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The Scotiabank Passport Visa Infinite Card has an annual fee of $139.

However, it comes with 6 accesses to Priority Pass airport lounges, which may justify its cost.

And if you have a Scotiabank Ultimate Plan, you’ll get the annual fee waived. Learn more about this here.

DRAW MATCH

The HSBC World Elite Mastercard has a higher annual fee, but its $100 annual Travel Privilege credit helps pay it off.

The annual fee for the Scotiabank Passport™ Visa Infinite* Card is justified by the 6 airport loungeaccesses.

It’s up to you to decide on your priorities! Personally, I would prefer the HSBC World Elite Mastercard because other cards offer me access to airport lounges!

Minimum income

HSBC World Elite

The HSBC World Elite® Mastercard® requires:

  • $80,000 (individual income)
  • or $150,000 (household income)
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The Scotiabank Passport™ Visa Infinite* Card requires :

  • $60,000 (individual income)
  • or $100,000 (household income)
Advantage: Scotiabank Passport Visa Infinite

In terms of income required, the Scotiabank Passport™ Visa Infinite* Card is easier to get than the HSBC World Elite® Mastercard®.

Insurance

HSBC World Elite

The HSBC World Elite Mastercard offers different insurances:

  • Worldwide Emergency Travel Medical Insurance: $1,000,000 and 31 days (under age 65)
  • Baggage Delay or Loss Insurance: $750 per person
  • Trip Cancellation/Trip Interruption/Trip Delay Insurance: $2,000 per person
  • Car Rental Insurance: up to 31 days
  • Purchase insurance: 90 days (loss, damage, theft)
  • Extended Warranty Insurance: Doubling the Warranty
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The Scotiabank Passport Visa Infinite Card offers a variety of insurance options:

  • Worldwide Emergency Travel Medical Insurance: $1,000,000 for 25 days (under age 65)
  • Flight Delay Insurance: $500 per person
  • Baggage Delay or Loss of Baggage Insurance: $1,000 per person
  • Trip Cancellation, Interruption/Delay Insurance: $2,500 per person
  • Vehicle Rental Insurance: up to 48 days
  • Purchase insurance: 90 days (loss, damage, theft)
  • Extended Warranty Insurance: Doubling the Warranty
  • Price Protection Service: 60 days after purchase
DRAW MATCH

The insurances for both cards are almost similar. When the HSBC World Elite Mastercard more days of coverage for the medical emergency, the Scotiabank Passport Visa Infinite Card provides more generous coverage for other insurance plans.

The Benefits

HSBC World Elite

The HSBC World Elite Mastercard offers a number of benefits:

  • no conversion fee for foreign currency purchases
  • $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
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The Scotiabank Passport Visa Infinite Card offers a variety of benefits:

  • no conversion fee for foreign currency purchases
  • 6 complimentary passes to airport VIP lounges
Advantage: HSBC World Elite Mastercard

The $100 annual credit on the HSBC World Elite Mastercard is, in my opinion, more flexible than the 6 airport lounge accesses with the Scotiabank Passport Visa Infinite Card.

In addition, there is a 10% discount for hotel reservations made on Expedia or Agoda, as well as unlimited access to Boingo WiFi hotspots around the world, which is particularly convenient when flying (Swiss, Lufthansa, Singapore Airlines, etc.).

Conclusion

So? Which card wins this duel?

It’s hard to give a definite winner. In fact, it will be up to each person to make up their own mind according to their needs.

Both credit cards charge no fee for foreign currency transactions.

However, the HSBC World Elite Mastercard stands out for:

  • the very generous welcome bonus
  • the earning of 6 points per dollar for travel
  • the annual credit of $100
  • the fact it’s accepted at Costco
  • Boingo WiFi access
Introducing the HSBC World Elite® Mastercard®

On the other hand, the Scotiabank Passport Visa Infinite Card stands out for:

  • its easier use of points
  • the earning of 2 points for groceries
  • the 6 accesses to airport lounges
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These are 2 cards that we recommend in many of our rankings:

But as you can see from our first year’s valuation, including the Welcome Bonus, the HSBC World Elite Mastercard stands out from the crowd!

Come to discuss that topic in our Facebook Group!

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