HSBC World Elite

The HSBC World Elite Mastercard earns HSBC Rewards points and offers cardholders benefits including an annual $100 travel enhancement credit and free Boingo Wifi membership.

Check out our HSBC World Elite review for more details about this card.

Interested in applying for the HSBC World Elite card? Earn an additional $120 cash back through Frugal Flyer Rebates.

Rewards Rates

The HSBC World Elite credit card earns HSBC Rewards points for all purchases made on the card:

  • 6 HSBC Rewards points for every dollar spent on travel purchases (up to $50,000 per calendar year).
  • 3 HSBC Rewards points for every dollar spent on all other purchases.

Redeeming HSBC Rewards

HSBC Rewards points can be redeemed for travel, a statement credit, gift cards, and merchandise.

The best value for your points is to redeem them for travel purchases at a rate of 200 HSBC Rewards points = $1 CAD.

HSBC Rewards points have the ultimate flexibility when redeeming for travel-related purchases. When redeeming HSBC Rewards for travel purchases, the cardholder is able to book travel through any method they desire and then redeem points against the charge once it has been posted to their account.

This flexibility in redemption also gives the cardholder additional flexibility, such as being able to redeem HSBC Rewards points for a hotel stay that was booked directly with Marriott. This means that you would be able to also take advantage of any status you might have with Marriott (whereas if you booked with a third party this would not be possible).

Benefits

HSBC World Elite Mastercard holders receive an annual $100 Travel Enhancement credit which can be applied towards ancillary travel fees, such as seat selection fees and checked baggage fees.

Cardholders are able to redeem this credit by logging into their HSBC online account and clicking on “Redeem Your Points Here”. From here, select the “Redeem Now” dropdown, and click on “Travel Enhancement Credit”. Once on the travel enhancement credit screen, any eligible charges that you can apply the credit towards will appear.

This card has no foreign transaction fees, meaning that you will save 2.5% on all foreign currency transactions (whether made online or in-person).

Cardholders are eligible to enroll in Boingo to gain free internet access at over 1 million hotspots worldwide (including on WestJet flights).

Insurance Coverage

The HSBC World Elite credit card offers seven types of insurance coverage:

  • Worldwide emergency travel medical insurance
  • Baggage delay or loss coverage
  • Trip cancellation cancellation
  • Trip interruption and trip delay insurance
  • Rental car coverage
  • Extended warranty coverage
  • Price assurance

Refer to the HSBC World Elite insurance certificate for additional details, including terms and conditions for eligibility.

Other HSBC Rewards Cards You Might Consider

Credit Card Welcome Bonus Net Value
HSBC +Rewards 35,000 HSBC Rewards $175 Apply
HSBC Travel Rewards 25,000 HSBC Rewards $125 Apply

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