HSBC World Elite^® Mastercard^®

Welcome bonus structure (7 separate bonuses)
(INCREASED OFFER)

20,000 points Bonus after making 1 purchase (no minimum amount)
10,000 points Bonus after spending $1,000 in the 1st month
10,000 points Bonus after spending $1,000 in the 2nd month
10,000 points Bonus after spending $1,000 in the 3rd month
10,000 points Bonus after spending $1,000 in the 4th month
10,000 points Bonus after spending $1,000 in the 5th month
10,000 points Bonus after spending $1,000 in the 6th month

80,000 points Total with the 7 parts of the bonus

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Earn on the minimum spending requirement

18,000 points Estimated earn on the minimum spending requirement of $6,000 (50% at base earn rate of 2 pts/$ and 50% at multiplier earn rate of 4 pts/$)

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Total rewards by unlocking the welcome bonus

98,000 points Welcome bonus + earn on the minimum spending requirement to unlock it

‣Apply for the HSBC World Elite^® Mastercard^®

Flytrippers Valuation of the welcome bonus

≈ $120 Bonus after 1 purchase (20,000 pts at ≈ 0.6¢/pt)
≈ $360 Bonus after minimum spend (60,000 pts at ≈ 0.6¢/pt)
≈ $108 Earn on minimum spend (18,000 pts at ≈ 0.6¢/pt)
$100 Annual travel credit (can be cashed out)
–$0 Card fee (first-year annual fee rebate)

≈ $688 Total net value by unlocking the welcome bonus alone

(11.5% back on the minimum spending requirement of $6,000 in 6 months)

‣Learn more our Flytrippers Valuation of welcome bonuses

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Minimum fixed value of the welcome bonus

$100 Bonus after 1 purchase (20,000 pts at 0.5¢/pt)
$300 Bonus after minimum spend (60,000 pts at 0.5¢/pt)
$90 Earn on minimum spend (18,000 pts at 0.5¢/pt)
$100 Annual travel credit (can be cashed out)
–$0 Card fee (first-year annual fee rebate)

$590 Total net value by unlocking the welcome bonus alone

(9.8% back on the minimum spending requirement of $6,000 in 6 months)

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

Rewards from welcome bonus

You will have 98,000 HSBC points after unlocking the Welcome Bonus AND a travel credit ($100).

That gives you either:

• ≈ $588 in rewards at the Flytrippers Valuation + $100
• $490 in rewards at the simpler minimum fixed value + $100

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Concrete examples of redemptions

Here are some of the actual redemptions you can get with these rewards (in addition to the separate $100 credit):

4 one-way short-distance reward flights such as Montreal-New York, Toronto-New York, Vancouver-Portland, or Montreal-Washington

3 one-way medium-distance reward flights such as Montreal-Miami, Toronto-Miami, or Vancouver-Phoenix

4 one-way short-distance reward flights such as from Miami to the Caribbean or Central America

1.5 one-way business class reward flights such as Toronto-Dublin, Boston-Madrid, or New York-Madrid

9 one-way short-distance reward flights in Europe

6 one-way short-distance reward flights in Asia, Australia, or Morocco

$490 as a simple travel credit that can be applied to any travel expense

‣Learn more about the best uses of HSBC points

Earn rate (at Flytrippers Valuation)

6 points per $ (≈ 3.6%):

• travel

4 points per $ (≈ 2.4%):

• groceries (and indirectly at all retailers offering gift cards in grocery stores)
• drugstores and pharmacies
• gas

2 points per $ (≈ 1.2%):

• everywhere else

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

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Earn rate (at minimum fixed value)

6 points per $ (3%):

• travel

4 points per $ (2%):

• groceries (and indirectly at all retailers offering gift cards in grocery stores)
• drugstores and pharmacies
• gas

2 points per $ (1%):

• everywhere else

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Earning with additional cards

Fee for additional cards: $0
Quantity allowed: 4
Minimum age: N/A

‣Learn more about additional cards (coming soon)

No foreign 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)

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

‣Learn more about the HSBC annual travel credit

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

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

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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)

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Membership in the Mastercard Travel Pass by DragonPass
Warning: Many cards offer membership AND free lounge access passes; this one just gives membership and no free passes.

‣Learn more about airport lounge access (coming soon)

Insurance included

Medical travel insurance for 31 days (64 years and under)
Medical travel insurance for 21 days (65 years and above)
Trip cancellation insurance
Trip interruption insurance
Flight delay insurance
Baggage delay insurance
Rental car insurance
Lost or stolen luggage insurance
Hotel burglary insurance
Travel accident insurance
Purchase insurance
Extended warranty
Mobile device insurance
Price protection

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

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Insurance not included

None

‣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

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Value
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)

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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 extend the expiration indefinitely easily.

‣Learn more about HSBC points expiration

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

‣Learn more about pooling HSBC points

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

‣Learn more about HSBC point transfers

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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)

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Logistics of redemptions
You can use your points directly on the HSBC website.

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

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Program summary
Rewards: HSBC Points
Type: Hybrid rewards
Subtype (fixed value): “Eraser” or “Standard” 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 income: $80,000 (personal) OR $150,000 (household)
Age: Majority in your province
Estimated credit score: Good or Excellent
Credit bureau: Equifax

‣Learn more about credit card eligibility requirements (coming soon)

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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 Metal World Elite Mastercard.

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

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Offer end date
Offer ends on August 31, 2023

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

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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 (first year annual fee waiver)
Card fee (net): $49 after $100 annual credit
Fee for additional card: $0
FX fee: 0%
Purchase annual interest rate: 20.99%
Cash advance annual interest rate: 22.99%
Balance transfer fee: 22.99%
Cash advance fee: $5

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

Special offer: Earn up to 80,000 points* ($400 travel value) PLUS a full annual fee rebate for the primary cardholder for the first year* ($149 value) and receive a $100 annual travel enhancement credit*. Must apply by August 31, 2023. Conditions apply.

• Welcome bonus of 20,000 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)
• Receive a $100 annual travel enhancement credit*

Get up to $649 in total value* for the first year! Must apply by August 31, 2023. Conditions apply.

• Primary Cardholder Annual Fee: $149
• Annual Interest on Purchases: 20.99%
• Annual Interest on Cash Advances and Balance Transfers: 22.99%
• Authorized User Annual Fee: $0 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 6 points for $1 in Net Purchases which are Travel Purchases, 4 Points for $1 in Net Purchases that are Gas, Grocery and Drugstore Purchases and 2 Points for $1 in Net Purchases, other than Travel, Gas, Grocery and Drugstore Purchases.

Save on all your foreign currency purchases (even online) with no additional foreign currency conversion charges.

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