HSBC Offering 5,000 Bonus Points and Complimentary Travel Insurance With Their Premier Mastercard

Cardholders who want to earn a substantial amount of bonus points may wish to request for one of HSBC’s mid-level credit cards.

With HSBC Premier Mastercard, the bank offers various perks to its aspiring cardholders. Apart from the getting Welcome Bonus of 5,000 points, they can also receive complimentary travel Insurance for their domestic and international trips.

Moreover, customers can earn 1 rewards point for every $1 and a 1% cash back rebate on any qualified purchases made using the card.

Other HSBC Premier Mastercard Benefits

Aside from rewards and cash back programs, HSBC Premier Mastercard customers will also get many perks, including emergency travel and medical insurance coverage worth up to $1 million. The coverage, which extends to the cardholder’s spouse and children below 18 years old who are traveling with the primary cardholder, includes medical treatment by a doctor, hospital room charges, and other medical procedures.

Customers can also avail of a wide range of travel benefits such as access to more than 800 airport lounges across the globe by being a LoungeKey program complementary member. They can also avail a 10% discount on qualified hotel accommodations as well as have access to unlimited Wi-Fi through Boingo.

The card also has advanced features such as the latest security technologies and contactless payment for the safety and convenience of cardholders.

Application Process

For HSBC Premier Mastercard, the bank only approves applicants who are existing HSBC Premier clients. To qualify as an HSBC Premier client, he or she must have an active HSBC Premier checking account and must meet specific requirements imposed by the bank.

HSBC Premier Mastercard applicants must also be a Canadian resident and within the age of majority in the province where they reside.

Fees and Interest Rates

HSBC Premier Mastercard has no annual fee. However, the bank collects some fees such as a cash advance fee of $2 for ATMs in Canada and $4 outside Canada. HSBC will also charge $25 for dishonored payment or dishonored check. This card has a flat interest rate of 17.9% for purchases, cash advances, and balance transfers.

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