HSBC Premier World Elite Mastercard
Best for: HSBC Premier customers who want a premium Mastercard with lounge access
Pros
- Strong welcome bonus and ongoing points rate
- Mastercard acceptance with Amex-style perks
- Fee-free overseas spending
Cons
- Requires an HSBC Premier account (income or savings thresholds apply)
- £195 annual fee
- Point values depend on the partner you transfer to
Rates and offers change. Confirm today's terms on the issuer's official site before applying. Independent comparison — not financial advice.
The Premier World Elite is the UK's premium Mastercard: a big welcome bonus of HSBC Reward points, 2 points per £1 on spending (more abroad), unlimited airport lounge access for the cardholder via a Mastercard lounge programme, and no foreign transaction fees. You must hold an HSBC Premier account to apply, which is the real barrier for most readers.
HSBC Premier World Elite Mastercard at a glance
| Issuer | HSBC UK |
| Card network | Mastercard |
| Annual fee | £195 |
| Rewards rate | 2 HSBC Reward points per £1 in the UK, 4 points per £1 abroad |
| Welcome bonus | 40,000 Reward points after minimum spend; more after the first anniversary |
| 0% intro period | None |
| Representative APR | 59.3% (variable, including fee) |
| Non-sterling transaction fee | None |
| Credit needed | Excellent, plus HSBC Premier eligibility |
| Airport lounge access | Yes — unlimited for the cardholder |
| Best for | HSBC Premier customers who want a premium Mastercard |
Rewards & perks
- Unlimited airport lounge visits for the cardholder
- No foreign transaction fees and 4 points per £1 abroad
- Points transfer to airline and hotel partners including Avios
Pros
- Strong welcome bonus and ongoing points rate
- Mastercard acceptance with Amex-style perks
- Fee-free overseas spending
Cons
- Requires an HSBC Premier account (income or savings thresholds apply)
- £195 annual fee
- Point values depend on the partner you transfer to
Who should apply
- HSBC Premier customers with an excellent credit history
- Frequent international travellers
- Anyone who wants lounge access on a Mastercard
Before you apply: card terms change often. Confirm the current annual fee, interest rate, welcome offer and rewards on the official HSBC UK site. CreditCardCompare is an independent comparison resource, not the card issuer, and this is not financial advice.
How it compares with similar UK cards
| Card | Annual fee | Rewards | Intro APR | Foreign fee | Credit needed | Rating |
|---|---|---|---|---|---|---|
HSBC UKHSBC Premier World Elite Ma… 5507 6561 0204 4113 VALID THRU 11/32RILEY CHEN HSBC Premier World Elite MastercardHSBC Premier customers who want a premium Mastercard |
£195/yr | 2 HSBC Reward points per £1 in the UK, 4 points per £1 abroad | None | None | Excellent, plus HSBC Premier e… | |
American Express Preferred Rewards Gold CardTravellers who want transferable points and lounge passes |
£195/yr | 1 Membership Rewards point per £1; 2 points on airlines and at Amex Tr… | None | 2.99% | Good to excellent | |
BarclaycardRewards Visa 4388 9936 5990 6007 VALID THRU 11/30RILEY CHEN Barclaycard Rewards VisaEveryday spending at home and abroad with no foreign fees |
None | 0.25% cashback on all eligible purchases | None | None | Good (Experian “good” band or… | |
American Express Platinum Cashback Everyday CardCashback on everyday spending with no annual fee |
None | 0.5% cashback on the first £10,000 a year, 1% above that | None | 2.99% | Good to excellent |
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