HSBC World Elite

The HSBC World Elite Mastercard is a credit card that earns HSBC Rewards points on all purchases and is available to individuals in Canada.

The HSBC World Elite Mastercard charges no foreign transaction fees, making it a great card for travel considering that Mastercard is accepted almost everywhere.

Earning Rewards

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

  • 6 HSBC Rewards points for every $1 spent on travel purchases (up to $50,000 per calendar year).
  • 3 HSBC Rewards point for every $1 spent on all other purchases.

Redeeming 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).


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.

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

Insurance Coverage

The HSBC World Elite credit card offers seven types of insurance coverage: worldwide emergency travel medical insurance, baggage delay or loss, trip cancellation, trip interruption/delay, car rental coverage, extended warranty, and price assurance.

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

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.