How to Apply for your HSBC Premier Credit Card
The HSBC Premier Credit Card is crafted for those who appreciate both comfort and exclusive banking privileges, providing a suite of benefits ideal for frequent travellers and those seeking elevated financial services.
This card is available only to HSBC Premier customers, offering extensive rewards, international access, and the bonus of no annual fee, making it a cost-effective option for premium services.
HSBC Premier Credit Card Benefits
With the HSBC Premier Credit Card, cardholders gain access to a world of rewards and travel advantages. This includes 18 months of interest-free balance transfers (with a 2.99% transfer fee, minimum £5) for those who make their transfers within the first 60 days of opening the account.
Additionally, cardholders can enjoy nine months of 0% interest on new purchases, facilitating larger purchases without immediate interest concerns.
The representative APR for this card is 23.9% (variable), making it essential for cardholders to be aware of potential interest charges if balances aren’t paid in full after introductory periods.
See below the main benefits offered by this card:
- Earn Rewards on Purchases: Every eligible purchase with the HSBC Premier Credit Card generates reward points, for every £1 spent in sterling you earn 1 point, while foreign currency purchases earn double points, at 2 points per £1. These points can be redeemed for cashback, travel rewards, or various shopping vouchers, adding ongoing value to everyday spending.
- Flexible Reward Redemption Options: Points can be converted into vouchers for popular retailers like M&S and Amazon, or even turned into airline miles with partners like British Airways, Emirates, and Singapore Airlines. For those who prefer experiential rewards, points can be exchanged for hotel stays or wine deliveries from Laithwaites, offering something for every preference.
- Airport Lounge Access: Cardholders can unwind at over 1,600 airport lounges worldwide through Priority Pass, which offers a quiet retreat before flights. Lounge access costs £24 per person per visit and can be easily accessed by showing the HSBC Premier Credit Card at the door.
- Global Acceptance: The HSBC Premier Credit Card is recognised globally, backed by the Visa and Mastercard networks, making it accessible across a vast range of countries and regions. Non-sterling transactions incur a 2.99% fee, ensuring international usage is possible but with clear fee structures.
- Discounts at Agoda and Expedia: Cardholders benefit from travel discounts with Agoda (up to 14% off on more than 180,000 hotels) and Expedia (10% off). These discounts allow for meaningful savings on travel bookings, making the card particularly advantageous for frequent travellers.
- Mastercard Priceless Cities: Through the Mastercard Priceless Cities program, cardholders gain access to unique experiences and offers in various cities worldwide, from dining and entertainment to shopping and cultural events, adding an extra layer of value to the card.
- Comprehensive Fraud Protection: Cardholders enjoy peace of mind with advanced fraud monitoring and protection. Additionally, purchases between £100 and £30,000 are covered by Section 75 of the Consumer Credit Act, protecting purchases against contract breaches or misrepresentations.
- Extended Warranty Cover: HSBC offers an extended two-year warranty on select household items, underwritten by Domestic & General Insurance PLC, ensuring that valuable purchases receive extra protection.
- Purchase Protection: With the HSBC Premier Credit Card, purchases made with the card between £100 and £30,000 are covered by Section 75 of the Consumer Credit Act, which protects against merchant contract breaches or product misrepresentations.
- No Annual Fee: The HSBC Premier Credit Card charges no annual fee, making it an accessible option for HSBC Premier Account holders to enjoy extensive benefits without additional yearly charges.
Application and Eligibility Criteria
To be eligible for the HSBC Premier Credit Card, applicants must:
- Be over 18 years old.
- Be a resident of the United Kingdom.
- Hold an HSBC Premier Account, which typically requires either an annual personal income of £100,000 (transferred into an HSBC Premier Account) or £100,000 in savings or investments with HSBC UK.
This card is tailored to individuals who seek premium banking services with a global reach, especially advantageous for those who frequently travel, have substantial financial assets, or prefer a high level of financial management.
Applying for the HSBC Premier Credit Card
The application process is straightforward and can be completed through the HSBC UK Mobile Banking app:
- Ensure eligibility requirements are met.
- Visit the HSBC UK website or access the application page via the HSBC Mobile Banking app. You can do this by pressing the green button on this page.
- Register for digital banking if not already done, and log into the app.
- Follow the guided application steps under the credit cards section. HSBC offers assistance at any of its branches for applicants preferring in-person guidance.
How to Use and Manage Your Premier Credit Card
HSBC provides tools for easy management of the Premier Credit Card. Through the HSBC UK Mobile Banking app, cardholders can check balances, make payments, and block or unblock their cards as necessary. Furthermore, HSBC credit cards are compatible with digital wallets, allowing for contactless payments through platforms like Apple Pay and Google Pay for both convenience and security.
Activation Process
Once you receive your HSBC Premier Credit Card, you can activate it via online banking or by calling HSBC’s automated line at 0800 328 1370, available 24/7.
The activation process is fast and requires only the card details and confirmation of personal information already on file.
Fees and Rates
The HSBC Premier Credit Card is free of annual fees, adding to its appeal for frequent users. The interest rate for purchases is 23.9% p.a. (variable), applicable to balances that aren’t paid off in full each month.
For cash withdrawals, a fee of 2.99% applies, and international transactions incur the same 2.99% fee, making it cost-effective to avoid carrying balances or withdrawing cash frequently.
Representative Example:
- Purchase Rate: 23.9% p.a. (variable)
- Representative APR: 23.9% APR (variable)
- Credit Limit: £1,200
Support and Customer Service
HSBC’s customer service offers 24/7 support via app, online, and by phone. Existing customers in the UK can call 03457 707 070, while those abroad can reach support at +44 1226 261 010. Non-HSBC customers have separate contact numbers for inquiries and account setup.
HSBC’s mobile app also allows quick access to customer support and account management tools, ensuring that cardholders have all the resources they need for efficient service.
In conclusion, the HSBC Premier Credit Card is an exceptional option for HSBC Premier Account holders, offering substantial travel perks, rewards, and security features without an annual fee.
Although high interest rates on purchases and international fees apply, these are balanced by the extensive array of benefits and global support provided to cardholders.
This card is well-suited for frequent travellers and high-net-worth individuals who value premium banking services, comprehensive rewards, and global assistance in one package.