DOC Compass — Offers, decoded

Note:

To apply for an HSBC Premier World Mastercard® credit card, you must have an existing U.S. HSBC Premier checking account.”
To apply for an HSBC Elite credit card, you must have an existing U.S. HSBC Premier checking account.

The Offers

HSBC is offering increased credit card offers. Bonuses are good through 01/15/2027:
- Elite: 75,000 after $4,000 in spend within three months
- Premier: 60,000 after $4,000 in spend within three months

Card Details

Premier Elite
- Annual fee of $495, authorized users are $0 per card
- Card earns at the following rates:
  - 5x points on Travel including flights, hotels and car rentals (reportedly works on nearly every travel purchase imaginable) (this benefit was added in 2024)
  - 2x points on Dining
  - 1x point on all other purchases
- Automatic $100 Travel Credit for every $2,000 spent in cumulative travel purchases booked through HSBC Travel powered by Priceline, up to a maximum of $400 in total statement credits per calendar year.
- $120 Annual Statement Credits for rides with Uber and Lyft, $10 per month
- Up to $120 towards Global Entry, TSA Precheck, TSA Precheck by Clear, or NEXUS once every 4.5 years
- Priority Pass unlimited lounge access for the cardholder and up to 2 guests
- Metal card
- No foreign transaction fees
Premier
- $95 annual fee
- No foreign transaction fees
- 3x points on gas and groceries; 2x points on travel; 1x on everything else
- Enjoy complimentary unlimited premium Wi-Fi at over a million secure hotspots worldwide with Boingo. Get simultaneous access for up to four devices.
- Experience expedited airport screening with TSA Precheck. Receive a statement credit of $85 every five years as reimbursement for the application fee.

Our Verdict

Been sometime since we’ve seen increased offers on these cards, I thought HSBC had basically given up on this market. There is also a checking bonus for $1,500-$5,000.