Up to 100,000 Points + First-Year Free!
Hsbc We 2

Earn Up to 130,000 points With The HSBC World Elite Mastercard!

To the point

Earn up to 130,000 points with this welcome offer for the HSBC World Elite Mastercard, the best no-FX fee credit card in Canada!

HSBC World Elite Mastercard Welcome Offer

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

  • Welcome bonus of 20,000 points (max. value $100)
  • Earn 80,000 points (max. value of $400) if your account remains open and active for six months*.
  • Earn 10,000 points ($50 in travel rewards) when you add your first authorized user*.
  • 20,000 additional points (max. value $100) as a birthday bonus*.

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 a welcome offer that we value at $451 in the first year:

130,000 points Welcome Bonus $500
Annual Travel enhancement credit $100
First-Year Annual Fee $149
Offer value $451

And if you keep the card for a second year, you’ll earn an additional 20,000 points, a $100 value. That’s what I recommend you do, especially since you’ll get a new $100 Annual Travel enhancement credit.

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 there is no minimum spending requirement: the welcome bonus will be released in time to book your future trips!

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

Residents outside Quebec can earn up to 100,000 points and the first-year free. See the detailed offer 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 take a look at how to earn HSBC Rewards points with this card , and more importantly how to use them to save on travel!

HSBC Rewards Points earning

With the HSBC World Elite Mastercard, you can earn:

  • 6 points for every dollar in travel purchases (a 3% value of travel rewards)
  • 3 points for every dollar in other purchases (1.5% travel rewards value)

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.

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Avios, Krisflyer or Asia Miles Earning

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®:

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 miles per dollar for all your 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
  • 1.62 Avios miles per dollar for your other purchases

Exceptional for a credit card in Canada!

Accepted at Costco

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

It will be accepted for purchases made at Costco and will earn 3 points per dollar at Costco (a 1.5% travel rewards value).

Hsbc Costco

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®.

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.

Lounge VIP Luberon Marseille T1B 25

Here is an example of the purchase of an Air Transat ticket 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 use HSBC Rewards points, it works with a redemption chart starting at 25,000 points (or $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 100,000 points, you will have $500 in available account credit!

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 partners with 3 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 your 100,000 Welcome Bonus points into miles, here’s what you could get:

Program Miles
Asia Miles 32,000 miles
Krisflyer 36,000 miles
Executive Club 40,000 miles

And that’s not counting promotional periods for converting HSBC Rewards points to airline miles (up to 35% bonus)!

So if you wait for a 35% conversion promotion to convert your 100,000 points earned with the welcome bonus, you could earn 54,000 Avios miles!

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 a balance of less than 25,000 points (and therefore cannot be used for travel), it may be practical to liquidate your points through this method.

If you want to use your 100,000 points from the welcome bonus in this way, you could get $285 in Costco 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 100,000 points in this way, you could get $400 in HSBC mortgage account payments.

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 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.

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

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:

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

No foreign currency conversion fees

The main advantage of the HSBC World Elite® Mastercard® is that there are no conversion fees for foreign currency transactions. 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 FNAC purchase of 71.08 euros cost me $103.90 on my HSBC 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 in image for this same purchase at FNAC with my HSBC World Elite Mastercard :

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

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 and in many airports and public places.

10% discount with Expedia and Agoda

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

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

A card with solid insurance

The HSBCWorld Elite Mastercard comes with a large number of insurance policies, 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 up to 31 days per trip for those under age 65.

Please note: stays in Cuba are not covered by this insurance.

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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

There is also coverage of up to $200 per trip to purchase necessary items if your luggage is delayed at your destination for more than 12 hours.

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 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.

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.

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

Conclusion

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 or 3%)
  • Its earning rate for all other purchases (3 points per dollar or 1.5%)

On top of that, there is the 10% discount for purchases on Expedia and Agoda as well as unlimited access to Wi-Fi through Boingo.

It’s a card I keep because its $100 annual travel privilege 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!

To subscribe, it’s this way!

Social Insurance Number

Important: When applying for an HSBC credit card , please provide your Social Insurance Number (SIN). So you may avoid a visit to an HSBC branch!

Come to discuss that topic in our Facebook Group!
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