Review
HSBC Premier Credit Card Review: Valuable Rewards for Premier Banking Clients
With valuable rewards on gas, groceries, and travel, the HSBC Premier credit card is a must-have for Premier banking clients who can maximize its perks and bonus categories. But is it worth opening a Premier account just to get the card?
| Annual Fee | $95.00 |
| Regular APR | Competitive variable APR on purchases and balance transfers 19.49% to 23.49% (variable) A variable Purchase Annual Percentage Rate (APR) applies to credit card purchases and will be 19.49% to 23.49%, depending on your credit worthiness, for the HSBC Premier World Mastercard credit card. A variable Balance Transfer APR applies to balance transfers and will be 19.49% to 23.49%, depending on your credit worthiness. The variable Cash APR applies to cash advances and is 28.49%. These APRs will vary with the market based on the Prime Rate, for a maximum APR of 29.99%. The Minimum Interest Charge is $1.00. |
| Rewards Rate | 1x-3x points |
| Sign-up Bonus | 50,000 bonus points |
| Other Fees | A transaction fee of $10 or 5%, whichever is greater, will apply for each Balance Transfer, Check, or Cash Advance transaction. There is no Foreign Transaction Fee. The Minimum Interest Charge is $1.00. |
Overview
Pros & Cons
What's great
- Generous sign-up bonus
- Bonus rewards on gas and groceries
- Bonus rewards on travel
- No foreign transaction fees
- Transfer partners
- Valuable statement credits
Things to consider
- Annual fee
- High regular APR
- Balance transfer fee
Benefits
Drawbacks
Decision Guidance
Summary
The HSBC Premier credit card presents a mixed bag of features, ultimately leading to an overall rating of 2.9. Its rewards program is fairly valuable, especially for gas, groceries and travel, augmented by a generous sign-up bonus and statement credi...