HSBC Waives Annual Fees For New Premium Credit Cards
Most elite travel rewards credit cards charge steep annual fees. But a new luxury credit card from HSBC is offering cardholders free membership, in addition to a number of other valuable perks. The HSBC Premier World Elite Mastercard credit card comes with travel perks including rewards on airfare and hotel spending, as well as rewards on train fare and ride-sharing costs with Uber and Lyft.
The card itself looks like a premium card, with its sleek, metal design. It lets customers earn 50,000 rewards points when they spend $4,000 or more in the first three months they have the card; that’s one of the biggest signup bonuses on the market. It has no foreign transaction fees, offers three points per dollar spent on travel, two points per dollar spent on dining, and one point per dollar on all other spending.
Valuable travel rewards
The HSBC Premier World Elite Mastercard also offers a $100 travel statement credit each year, paying cardholders back for spending on flights, baggage fees, upgrades, or onboard purchases. For those who want to speed through airport security lines with ease, there is an $85 application fee credit for TSA Pre-check service. A free LoungeKey membership gives access to over 850 airport lounges worldwide.
You don’t have to fly to enjoy the benefits of this card, either. Cardholders get up to $100 in yearly statement credits for Uber and Lyft rides, and can get free Wi-Fi access at over a million Boingo hotspots across the globe. The LoungeKey membership also offers 15% off at duty free shops, restaurants, spas, and airport shops. And 24/7 concierge service ensures cardholders can always have their questions answered when they’re on the road or at home.
No annual fee, and a zero-interest offer
Besides waiving the annual fee for this luxury travel rewards card, HSBC is offering a 0% APR for the first 18 months, no penalty APR, and no fee on the first late payment per year. As a signup bonus, they give new cardholders $150 cash back on $500 of spending in the first three months they have the card, plus a 10% anniversary bonus on all cash back earned each year.