Looking for a travel credit card with exciting benefits, perks, and no foreign transaction fees? The HSBC World Elite® Mastercard® is an excellent option.
With comprehensive travel insurance and a robust welcome bonus, the HSBC World Elite® Mastercard® is great for frequent travelers.
Read on to learn more about the benefits and rewards of the HSBC World Elite Mastercard.
HSBC World Elite Mastercard At A Glance
- An exciting welcome bonus
- Primary cardholder receives a $149 annual fee rebate for the first year.
- Earn 6 points for every $1 spent
- Spend $1 on eligible purchases and earn 3 points.
- No foreign transaction fee
- HSBC clients who book directly through Expedia or Agoda will receive a 10% discount on select hotel bookings.
- Comprehensive travel insurance
Key HSBC World Elite Mastercard Benefits
1. No foreign transaction fees.
The exchange rate charged by other Canadian credit cards is usually 2.5%-3%. However, the HSBC World Elite Mastercard charges no foreign transaction fee.
2. Flexible reward points
Earning rewards with HSBC is straightforward. You earn 3 points for every $1 you spend on the card and 6 points when you spend it on travel.
Each point is worth 0.5 cents for travel, giving you a return of 3% on travel and 1.5% on everything else.
3. $100 travel enhancement credit.
You can use the travel enhancement credit to upgrade seats, pay baggage fees, or access airport lounges.
4. Comprehensive travel insurance
The card offers comprehensive travel insurance, making it convenient for frequent travelers. Each cardholder and dependent are covered up to $1 million per person for up to 31 days during each trip. You and your spouse must be under 65 to receive this coverage.
In addition to medical insurance, cardholders will also receive baggage delay or baggage loss coverage amounting to $750 per insured person. This protects against loss or damage theft, burglary, and fire or transportation hazards during your trip.
In addition, cardholders who charge at least 75% of their trip expenses to the card will be covered for trip cancellations and delays. Cards holders can expect to receive a reimbursement of up to $2,000 per insured person with a maximum of $5,000 per trip if their trips are canceled or delayed.
HSBC also offers customers Purchase Protection for 90 days on purchases. This protects against theft, damage, and loss of your purchases.
Lastly, cardholders also receive an Extended Warranty on most purchases for up to one additional year, which doubles the manufacturer’s warranty.
The downside of HSBC World Elite Mastercard
HSBC World Elite Mastercard have a high income requirement. To apply, you need a personal income of $80,000 or a household income of $150,000.
HSBC Rewards Program
If you have points in the HSBC Rewards Program, you can redeem them for travel, merchandise, gift cards, or a statement credit towards your mortgage, credit card, or savings account.
In conclusion
The HSBC World Elite® Mastercard® is easily one of the best credit cards with no foreign transaction fees and is one of Canada’s best travel credit cards since it comes packed with benefits.
This card has accelerated rewards on travel purchases, as well as a generous sign-up bonus. This makes it an attractive option for Canadians with excellent credit who travel frequently.