HSBC Elite Credit Card
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The HSBC Elite Credit Card is a premium travel card designed for people with an HSBC Premier checking account, which may limit who this card appeals to. To have a Premier Checking account, you need at least $100,000 in total deposits or investments, or $5,000 in direct deposits per month, or a U.S. residential mortgage loan serviced by HSBC. You do get some great premium travel benefits such as up to $400 in travel credits per year for all flights, hotels and car rentals booked through HSBC Travel and unlimited airport lounge access. You get a nice welcome bonus as well, but if you aren’t willing to open a checking account, you won’t be able to apply for the card. We dive into the details and your approval odds in this HSBC Elite review.
Our Rating
4.0/5.0
Welcome Offer
Earn 60,000 Welcome Bonus Points
Annual Fee
$495
0% Intro on Purchases
None
Reward Rate
1x to 5x points
0% Intro on Balance Transfers
None
Welcome Offer
Earn 60,000 Welcome Bonus Points, worth up to $900 in travel, when booked through HSBC Travel, after spending $4,000 in the first 3 months of opening the card.
Editorial Review
Features & Benefits
| Security | EMV Chip Enabled, Fraud Monitoring, Zero Liability, Identity theft protection |
| Contactless Payments | Tap to Pay, Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay |
| Benefits | Cell Phone Protection, Extended Warranty Coverage, Price Protection, Purchase Protection, ShopRunner |
| Travel Perks | Auto Rental Collision Damage Waiver, Concierge Services, Airport Lounge Access, Luggage Protection, Travel Accident Insurance, Trip Cancellation Insurance, TSA PreCheck & Global Entry credit |
Rewards
Interest Rates & Fees
| Annual Fee | $495 |
| Foreign Transaction Fee | None |
| Regular APR | 21.24% to 25.24% (V) APR |
Pros & Cons
- Welcome offer
- No foreign transaction fee
- Up to 5x points
- Annual fee
- High APR
- Requires good credit
- Must have an HSBC Premier Checking account
What Are the Best Alternatives?
Capital One Venture X Rewards Credit Card
Rating
4.9
Rewards Range
2x - 10x
Annual Fee
$395
The Platinum Card® from American Express
Rating
4.5
Rewards Range
1x - 5x points
Annual Fee
$695
Chase Sapphire Reserve®
Rating
4.9
Rewards Range
1x - 10x
Annual Fee
$550