How to Apply for your HSBC Premier World Mastercard
HSBC Premier World Mastercard Benefits
This card offers an array of benefits to its customers, see below the main perks:
Global Travel Rewards
Earn points on every dollar spent, redeemable for flights, hotels, and more. The program provides flexible redemption options without blackout dates, allowing you to make the most of your travel experiences. Points can be used for various travel needs, providing both flexibility and value for your expenditures.
You can choose between the HSBC Rewards Plus program and the Qantas Rewards Program, in the first one you can earn 1.5 points per $1 spent on purchases, and in the second you earn 1.5 Qantas Points per $1 spent. In both, you can spend a maximum of $120,000 per year.
$0 Annual Fee
Comprehensive Insurance Coverage
Enjoy extended transit accident insurance, extended warranty insurance, purchase protection, and travel accident insurance. This includes trip cancellation coverage and protection against theft or damage of new items. With this card, you can travel and shop confidently, knowing that you have a safety net for unexpected events.
Exclusive Lifestyle Offers
Access a variety of offers, including dining and luxury shopping discounts, both in Australia and globally. HSBC collaborates with global partners to provide unique experiences, from exclusive event invitations to priority bookings at high-end restaurants. These lifestyle perks enhance your experiences, adding value beyond standard credit card offerings.
Priceless Cities
Mastercard’s Priceless Cities program is exclusively available to Mastercard cardholders, offering access to unforgettable experiences in the cities where you live and travel.
A world of possibilities awaits you, inviting you to break free from your routine for a moment, a night, or even a weekend. Witness the pride in your child’s eyes as they stand on a surfboard for the first time or their excitement when meeting their favorite athlete. Rediscover your passion for cooking—or music—or both.
Enjoy exclusive offers and experiences worldwide with your HSBC Premier World Mastercard.
Airport Lounge Access
Gain complimentary access to over 1,000 airport lounges worldwide, offering a tranquil environment with snacks, beverages, and Wi-Fi. Lounge access makes your travel more comfortable and less stressful, providing a quiet space to relax, work, or enjoy refreshments before your flight.
You can also enjoy 2 airport lounge passes every year with Mastercard Travel Pass, provided by DragonPass.
HSBC Premier World Mastercard Prerequisites
- Have HSBC Premier customer status customer status in Australia
- Income Requirement: earn at least $75,000 per year
- Age: Applicants must be at least 18 years old
- Have a good credit rating
These criteria ensure that the card is available to individuals who can benefit most from its features, offering them a comprehensive financial tool. Also, you may need to provide your documentation like ID or passport, proof of address, proof of income, etc.
Who is This Card For?
The HSBC Premier World Mastercard is tailored for frequent travelers, high-net-worth individuals, and those seeking premium financial services. If you value rewards, comprehensive insurance, and lifestyle perks, this card is designed for you. It is also ideal for those who want to avoid annual fees while enjoying exclusive offers.
The card’s array of features and benefits caters to those who appreciate a blend of luxury, security, and financial flexibility in their everyday and travel spending.
Step-by-Step to Apply for the HSBC Premier World Mastercard
- Visit the HSBC Premier Page: Go to the HSBC Australia website and navigate to the credit card section.
- Select the Premier World Mastercard: Review the card’s features and benefits in detail to understand what it offers.
- Start the Application: Press the “Apply Now” button and fill out the application form with your personal and financial information.
- Submit the Application: HSBC will assess your eligibility. Additional documentation may be required for financial verification status.
- Approval Process: Upon approval, the card will be delivered. Activate it through HSBC online banking to start using it.
HSBC Premier World Mastercard Pros and Cons
Pros
- No annual fee, providing more freedom for you to make purchases
- Extensive rewards program with flexible redemption options, enhancing the overall value of every dollar spent.
- Comprehensive insurance for travel and purchases, offering peace of mind and financial security.
- Access to exclusive lifestyle offers and access to the Mastercard Priceless Cities Program, enhancing daily life and travel experiences.
- Complimentary airport lounge access worldwide, making travel more comfortable and enjoyable.
Cons
- Foreign Transaction fees: you need to pay 3% of each transaction made overseas
- Exclusive Eligibility: Limited to HSBC Premier customers, restricting access to a wider audience.
- High Interest Rate: 19.99% on purchases can be costly if a balance is carried, highlighting the need for responsible spending.
How to Unlock Your HSBC Premier World Mastercard
- Log in to HSBC Online Banking: Access the HSBC Australia website or app with your credentials.
- Navigate to Card Services: Select “Activate New Card” from the menu options.
- Enter Card Details: Input your card number, expiration date, and CVV for verification purposes.
- Set Your PIN: Choose a secure PIN for transactions.
- Activate the Card: Confirm your details to complete the activation process.
Your card will then be ready for use globally, providing you access to a wide range of benefits and features.
Fees and Tariffs
- Annual Fee: $0
- Purchase Interest Rate: 19.99% p.a. for unpaid balances, highlighting the importance of timely payments.
- Cash Advance Fee: 3% or $4, whichever is higher
- Late Payment Fee: $30, applicable if the minimum payment is not made by the due date.
- Foreign Transaction Fees: None, allowing for cost-effective international spending without added charges.
Knowing these fees helps in managing the card effectively, ensuring that you make the most of its features without unexpected costs.
Customer Service
- Phone for premier customers: Call 1300 301 168 from Australia and +61 2 9005 8192 outside of Australia
- Website: Visit HSBC Australia Customer Support for detailed information and assistance. The website offers a comprehensive range of resources, including FAQs, live chat, and self-service options for quick resolutions.
- Email: Contact [email protected] for non-urgent inquiries, ensuring prompt and helpful responses. This is ideal for detailed questions or document submissions, with a typical response within 1-2 business days.
- Mobile App: Manage your account and communicate with HSBC directly through the app for convenient support on the go.
