HSBC World Elite® Mastercard®

Flytrippers Opinion: One of the highest free welcome bonuses ever seen in Canada
Flytrippers Valuation
of Welcome Bonus alone

via HSBC secure application link
≈ $ 639
Earn HSBC Rewards
hybrid rewards (variable or fixed value)

for specific flights
or for any travel expense
How to unlock bonus
spend $6,000
in 6 months (see QC offer)

()
Card eligibility
minimum income required: $80000

Welcome Bonus eligibility
must not have held an HSBC WE card in the past 12 months
Terms and conditions apply. Flytrippers editorial opinion only. HSBC is not responsible for maintaining the content on this site. Please click "Apply Now" to see most up-to-date information.
Flytrippers Opinion: One of the highest free welcome bonuses ever seen in Canada
Flytrippers Valuation
of Welcome Bonus alone
≈ $ 639
How to unlock bonus
spend $6,000 in 6 months (see QC offer)

()
hybrid rewards (variable or fixed value)
for specific flights
or for any travel expense

via HSBC secure application link
Card eligibility
minimum income required: $80000

Welcome Bonus eligibility
must not have held an HSBC WE card in the past 12 months
Terms and conditions apply. Flytrippers editorial opinion only. HSBC is not responsible for maintaining the content on this site. Please click "Apply Now" to see most up-to-date information.

Summary of Flytrippers' review

WHY GET THIS CARD

  • Excellent welcome bonus of ≈ $622
  • High flexibility of points
  • No foreign currency transaction fees (FX fees)
  • Excellent earn rate
  • Good insurance coverage

It’s really an excellent card.

WHO SHOULD GET THIS CARD

  • All those who are eligible
If you have the required income, this is a card to get without any doubt (if not, many good cards don’t require a minimum income).

Card details

Rewards from welcome bonus

You will have 60,000 Amex points after unlocking the Welcome Bonus.

That gives you either:

  • ≈ $900 in rewards at the Flytrippers Valuation
  • $600 in rewards at the simpler minimum fixed value

 

Concrete examples of redemptions

Here are some of the actual redemptions you can get with these rewards:

5 round-trip short-distance reward flights such as Montreal-New York or Montreal-Washington

3 round-trip medium-distance reward flights such as Montreal-Miami or Montreal-Nashville

2 round-trip longer distance reward flights such as Montreal-Costa Rica or Montreal-Mexico

1 one-way business class reward flight such as Vancouver-Japan or Montreal-Switzerland

10 one-way short-distance reward flights in several regions of the world

11 completely free nights in beautiful hotels in specific destinations like Bali

$1,200 discount on specific flights that are very expensive in cash

$600 as a simple travel credit that can be applied to any travel expense

Learn more about the best uses of Amex points

Welcome bonus structure

20,000 bonus points after making a purchase
80,000 bonus points after 180 days
$100 of travel credit Annual Advantage (1st year)
20,000 bonus points after renewing the card
$100 of travel credit Annual Advantage (2nd year)

‣Apply for the HSBC World Elite® Mastercard®

Flytrippers Valuation of the welcome bonus

≈ $120 Initial Welcome Bonus (20,000 pts at ≈ 0.6¢/pt)
≈ $480 Welcome Bonus after 180 days (80,000 pts at ≈ 0.6¢/pt)
$100 of travel credit Annual Advantage (2nd year)
-$149 Card fee for 1st year (Deducted from Flytrippers Valuation)
≈ $120 Renewal bonus (20,000 pts at ≈ 0.6¢/pt)
$100 of travel credit Annual Advantage (2nd year)
-$149 Card fee for 2nd year (Deducted from Flytrippers Valuation)

≈ $622 in net value with the welcome bonus alone

(this is an incredible percentage discount given the lack of required expenses)

Learn more our Flytrippers Valuation of welcome bonuses

Minimum fixed value of the welcome bonus

$100 Initial Welcome Bonus (20,000 pts at 0.5¢/pt)
$400 Welcome Bonus after 180 days (80,000 pts at 0.5¢/pt)
-$149 Card fee for the 1st year (deducted from Flytrippers Valuation)
≈ $100 Renewal bonus (20,000 pts at 0.5¢/pt)
$100 of travel credit Annual Advantage (2nd year)
-$149 Card fee for 2nd year (Deducted from Flytrippers Valuation)

≈ $502 in net value with the welcome bonus alone

(this is an incredible percentage discount given the lack of required expenses)

‣Learn more about the minimum fixed value of HSBC points (coming soon)

Earn rate (at Flytrippers Valuation)

6 points per $ ( 3.6%) on travel
3 points per $ (≈ 1.8%) everywhere else

‣Learn more about credit card earn rates (coming soon)

Earn rate (at minimum fixed value)

6 points per $ (3.0%) on travel
3 points per $ (1.5%) everywhere else

Earning with additional cards

Fee for additional cards: $50
Quantity allowed: 4
Minimum age: N/A

*Optional special offer of 10,000 points (≈ $60 or $50) for adding an additional card (not included in our Flytrippers Welcome Bonus Valuation).

‣Learn more about additional cards (coming soon)

No foreign currency transaction fees
One of the few cards in Canada that does not charge a 2.5% fee for all foreign currency transactions.

‣Learn more on foreign currency transaction fees (coming soon)

$100 Annual Travel Credit
A travel credit applicable to any travel expense.

Learn more about the HSBC annual travel credit

Free global access to Boingo Wi-Fi
Over 1 million Wi-Fi hotspots worldwide through the Boingo program.

‣Learn about the Boingo Wi-Fi program (coming soon)

10% discount on hotels
Via Expedia for HSBC and Agoda for HSBC. But always compare on other sites to see if the price is really lower.

‣Learn more about discounts from booking sites (coming soon)

Membership in the Mastercard Airport Experiences program through LoungeKey
Warning: lots of cards give membership AND free access, this one just gives membership and no free access.

‣Learn more about airport lounge access (coming soon)

Insurances included

Medical travel insurance (31 days)
Trip Cancellation Insurance
Trip Interruption Insurance
Baggage Delay Insurance
Rental car insurance
Lost or stolen luggage insurance
Hotel burglary insurance
Purchase insurance
Extended Warranty

‣Learn more about HSBC World Elite® Mastercard® insurance coverage (coming soon)

Insurance not included

Flight delay insurance
Travel accident insurance
Mobile device insurance

‣Learn more about the different types of insurance coverage (coming soon)

Redemptions
HSBC Rewards points can be used for specific flights to maximize their value (via transfers to partner programs). But they can also be used as a simple travel credit (which can be applied to any travel expense).

Learn more about the HSBC Rewards program (coming soon).

Pricing
HSBC points are hybrid rewards: they can be used as fixed-value rewards (fixed value of 0.5¢) or variable-value rewards (value depending on how you use them; our Flytrippers Valuation is ≈ 0.6¢, which is ≈ 20% more).

Learn more about the value of HSBC points (coming soon)

Expiry
HSBC points never expire as long as you have the card. And even if you no longer have the card, it’s possible to easily extend the expiration indefinitely.

Learn more about HSBC points expiration (coming soon)

Pooling
If you have travel companions, it’s possible to combine Amex points via transfer partners.

Learn more about pooling HSBC points (coming soon)

Transfers
American Express points can be transferred to multiple partner programs and this often provides the best value.

Learn more about HSBC point transfers (coming soon).

Other redemption options
HSBC points can be used for rewards other than travel but this should be avoided.

Learn more about why you should always use your rewards for travel (coming soon)

Rewards program logistics
You can use your points directly on the HSBC website or app.

Learn more about how to get started with HSBC Rewards (coming soon).

Rewards program summary
Rewards: HSBC Points
Type: Hybrid rewards
Subtype (fixed value): “Eraser” rewards
Subtype (variable value): “Standard” Rewards
Variety: Bank rewards 
Flytrippers Valuation: ≈ 0.6¢ per point
Minimum value: 0.5¢ per point
Maximum value: Unlimited
Transferable: Yes (3 partners)

Learn more about rewards programs basics (coming soon)

Card eligibility
Minimum personal/household income: $80,000/$150,000
Age: Majority in your province
Estimated credit score: Good or Excellent
Credit bureau: Equifax

Learn more about credit card eligibility requirements (coming soon)

Welcome bonus eligibility
Within the 12 months prior to application, you must not have had the HSBC World Elite® Mastercard® , HSBC Premier World Elite Mastercard or HSBC Jade World Elite Mastercard.

Learn more about credit card welcome bonus eligibility rules (coming soon)

Offer end date
Offer ends on April 4, 2022

Subscribe to Flytrippers’ free travel rewards newsletter to get all card updates

Card details
Issuer: HSBC
Network: Mastercard
Card Type: Credit card
Product Type: Personal card

‣Learn more about credit card types (coming soon)

Fees and rates
Card fee: $149
Fee for additional card: $50
FX fee: 0%
Purchases annual interest rate: 19.9%
Funds advances annual interest rate: 22.9%
Balance transfer fee: 22.9%

Learn more about why Flytrippers recommends ignoring fees and rates (coming soon)

Earn up to 100,000 Points* ($500 travel value) PLUS a full annual fee rebate for the Primary Cardholder for the first year ($149 value). Must apply by January 31, 2022. Conditions Apply.

  • Welcome Bonus of 20,000 Points ($100 travel value)
  • Spend $6,000 in the first 180 days to earn an additional 50,000 Points ($250 travel value)
  • Earn 10,000 Points ($50 travel value) for adding your 1st Authorized User
  • Receive an additional 20,000 Points ($100 travel value) as an Anniversary Bonus
  • Annual Fee Rebate for the Primary Cardholder for the first year ($149 value)

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

*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 licence.

With the HSBC World Elite Mastercard you earn 3% in travel rewards on all eligible travel purchases (6 Points per $1) and earn 1.5% in travel rewards on all other eligible purchases (3 Points per $1).

Enjoy maximum flexibility and redeem your Points on your terms for:

  • Travel
  • Gift cards and valuable merchandise
  • Financial rewards
  • Rewards for miles

*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

Start earning rewards today

And make sure to download our free checklist for when you get a new card—it includes very important mistakes to avoid
(it will open in a separate tab, or you can click here)

via HSBC secure application

*Beta version of card page. Sign up to get updated guide soon.*

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The views and opinions expressed on this page are purely our own. They have not been provided, approved, endorsed, or ratified by any third party mentioned on the site.

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Flytrippers’ website does not contain all available credit card offers or all available credit card products on the market. In addition, Flytrippers never shares an offer if it is not considered advantageous for some travelers, at its sole discretion.

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All articles, pages, and content on Flytrippers’ website are merely personal opinions of a general nature and are for informational purposes only and should not be considered advice for specific situations. It is your responsibility to perform your own personal research to ensure that travel rewards are appropriate for your own situation.

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