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6 August 2024

HSBC announces new benefits for Premier and Elite credit cards to increase travel and lifestyle rewards

New card design includes 100% recycled plastic for the Premier card and added notch to help visually impaired cardholders orient for chip readers.

(NEW YORK) – HSBC today announced increased welcome bonus points and new and enhanced benefits for the HSBC Premier credit card , designed for everyday spending, and the HSBC Elite credit card , designed to enhance lifestyle and travel experiences.

The HSBC Premier credit card has an annual fee of $95 and is offering a welcome bonus of 50,000 points for eligible card members, worth over $1,200 in benefits in the first year and up to $600 every year thereafter. The HSBC Elite credit card has an annual fee of $495 and is offering a welcome bonus of 60,000 points worth over $2,900 in benefits in the first year and up to $2,000 every year thereafter.

New and updated credit card benefits include:

50,000 welcome bonus points
3X Points on gas and groceries
$85 statement credit towards Global Entry, TSA PreCheck, TSA PreCheck by CLEAR, or NEXUS
$60 annual TV subscription service credit
60,000 welcome bonus points
5X Points on travel
Complimentary airport lounge access with Priority Pass for cardholder and up to 2 guests, worth over $469 annually
$120 statement credit towards Global Entry, TSA PreCheck, TSA PreCheck by CLEAR, or NEXUS
$120 annual rideshare credit

“The HSBC Premier and Elite credit cards deliver on our commitment to serve the banking needs of our globally connected clients who live and work across the U.S. and around the world,” said U.S. Head of Wealth and Personal Banking Racquel Oden. “These credit cards offer excellent value to our clients, rewarding them for their travel and everyday purchases and provides enhanced benefits for their lifestyle.”

“Whether you’re traveling around the world or simply shopping for everyday essentials, HSBC cardholders have the opportunity to earn incredible rewards for the activities they engage in as part of their daily lives”, said U.S. Head of Unsecured Lending Brian Ahearn.

New designs feature 100% recycled plastic for the HSBC Premier credit card and a distinctive metal design for the HSBC Elite credit card. Both cards have a specially designed notch at the bottom right to help cardholders with special needs supporting them to orient the card in chip readers.

Media enquiries to:

Matt Kozar Vice President, External Communications [email protected]

HSBC Holdings plc , the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 60 countries and territories. With assets of US$2,975bn at 30 June 2024, HSBC is one of the world’s largest banking and financial services organizations.

HSBC Bank USA , National Association (HSBC Bank USA, N.A.) serves customers through Wealth and Personal Banking, Commercial Banking, Private Banking, Global Banking, and Markets and Securities Services. Deposit products are offered by HSBC Bank USA, N.A., Member FDIC. It operates Wealth Centers in: California; Washington, D.C.; Florida; New Jersey; New York; Virginia; and Washington. HSBC Bank USA, N.A. is the principal subsidiary of HSBC USA Inc., a wholly-owned subsidiary of HSBC North America Holdings Inc.

For more information, visit: HSBC in the USA

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The best HSBC credit cards of 2020

Update : Some offers mentioned below are no longer available. View the current offers here .

HSBC is one of the world's largest banking and financial services institutions. Yet many U.S. consumers don't think of the company when shopping for a new rewards credit card . HSBC currently only offers six credit cards to U.S. consumers, so let's take a detailed look at these six cards and answer some common questions about them.

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Best HSBC credit cards for 2020

HSBC Gold Mastercard® credit card : Best for introductory APR
HSBC Cash Rewards Mastercard® credit card : Best for cash-back rewards
HSBC Cash Rewards Mastercard® credit card Student Account : Best for cash-back rewards for students
HSBC Advance Mastercard® credit card : Best for dining and entertainment
HSBC Premier World Mastercard® credit card : Best for travel
HSBC Premier World Elite Mastercard® credit card : Best for premium travel rewards

To start our analysis, here is a comparison of the best HSBC credit cards currently accepting new applications.

Comparing the best HSBC credit cards

More details on the best hsbc credit cards.

Let's take a look at the details of each of these HSBC credit cards and offers, including rewards rates, benefits and annual fees.

HSBC Gold Mastercard credit card: Best for 0% introductory APR

Why this is the best for 0% introductory APR : This card offers 0% introductory APR on purchases and balance transfers for the first 18 months after account opening.

Introductory offer : 0% introductory APR on purchases and balance transfers for the first 18 months from account opening. Balance transfers must be posted within the first 60 days following account opening. Once the introductory period is over, a variable APR of 12.99%, 16.99% or 22.99% will apply. A balance transfer fee of either $10 or 4%, whichever is greater, applies on each balance transfer.

Rewards rate : None

Top benefits and perks :

Check to see if you are prequalified , which only requires a soft credit check that has no impact on your credit score
Late fee waiver, which means HSBC will waive the late fee once within a 12-month period
No penalty APR, which means HSBC will not raise your APR if you pay late
MasterRental coverage, which provides protection for physical damage and theft to most rental vehicles
No foreign transaction fees

Annual fee : None

Is this card worth it? Whether you're looking to delay payment of a large purchase or you're working to pay off debt , the HSBC Gold Mastercard may be able to help with its 0% introductory APR on purchases and balance transfers for the first 18 months. However, some other cards offer lower balance transfer fees, so it may be worth considering other options.

Related reading: The best balance transfer credit cards

HSBC Cash Rewards Mastercard credit card: Best for cash-back rewards

Why this is the best for cash-back rewards : This card provides 3% cash back on up to $10,000 in purchases made within your first 12 months and 1.5% cash back after that.

Introductory offer : Earn 3% cash back on up to $10,000 in purchases within your first 12 months from account opening. Plus, get 0% introductory APR on purchases and balance transfers for the first 12 months from account opening. Balance transfers must be posted within the first 60 days following account opening. After that, a variable APR of 12.99%, 16.99% or 22.99% will apply. A balance transfer fee of either $10 or 4%, whichever is greater, applies on each balance transfer.

Rewards rate : Earn 1.5% cash back on all purchases (after the 3% introductory period ends)

$5 off on Postmates orders of $25 or more for delivery of food, drinks and groceries (not including taxes, delivery fees, and tips)
Cellular wireless telephone protection that may provide reimbursement up to $600 per claim if your cellphone is stolen or damaged
Complimentary ShopRunner membership for unlimited, free two-day shipping and free return shipping at over 140 online stores

Is this card worth it? The introductory 3% offer provides solid cash-back earning during your first year, and 1.5% cash back long-term is also strong. If you're looking for a simple no annual fee card that earns flat-rate cash back, this is a solid choice. However, you can do slightly better with some other cards such as the Citi® Double Cash Card that provides up to 2% cash back on everything as 1% when you buy and 1% as you pay.

Related reading: The best cash-back credit cards

HSBC Cash Rewards Mastercard credit card Student Account: Best for cash-back rewards for students

Why this is the best for cash-back rewards for students : Students can be approved without any credit history. Plus, the card offers 1.5% cash back on all purchases.

Introductory offer : None

Rewards rate : Earn 1.5% cash back on all purchases

No credit history required for approval
Unlimited access to online tools to learn about credit
Get your FICO Credit Score for free each month on your HSBC credit card statement
Graduate to the standard HSBC Cash Rewards Mastercard credit card after four years if your account is in good standing
Complimentary ShopRunner membership

Is this card worth it? The HSBC Cash Rewards Mastercard credit card Student Account can be a good option for students who have an existing HSBC deposit account. Eligible students may be able to open this unsecured credit card without credit history and earn 1.5% cash back while building their credit .

Related reading: Best credit cards for college students

HSBC Advance Mastercard credit card: Best for dining and entertainment

Why this is the best for dining and entertainment : This card earns 3x points on dining and select entertainment during your first 12 months and then 2x points once the introductory period is complete. You must have a qualifying HSBC Advance or Premier checking account relationship to be eligible for this card.

Introductory offer : Earn an introductory 3x points on dining and select entertainment purchases plus 2x points on all other purchases in the first 12 months from account opening, up to the first $25,000 in purchases. Plus, get 0% introductory APR on credit card purchases and balance transfers for the first 12 months from account opening.

Balance transfers must be posted within the first 60 days following account opening. After that, a variable APR of 14.99% or 18.99% will apply. A balance transfer fee of either $10 or 4%, whichever is greater, applies on each balance transfer.

Rewards rate : Earn 2x Rewards Program Points on dining and select entertainment purchases after the intro period. Plus, earn 1x on all other purchases after the intro period.

10% off when booking luxury hotel stays through onefinestay

Annual fee : $0 during the first year of account opening, then $0 for cardholders who have a qualifying U.S. HSBC Advance or Premier checking account relationship and $45 for cardholders who no longer have a qualifying checking account relationship

Is this card worth it? If you are eligible for this card with a $0 annual fee, it can be a good way to earn bonus points on dining and entertainment. But, it's unclear from publicly available materials what type of redemption value you'll get from Rewards Program Points. So, it may be better to opt for a more straightforward rewards credit card that earns bonus rewards on dining and/or entertainment such as the Capital One Savor Cash Rewards Credit Card or the Capital One SavorOne Cash Rewards Credit Card.

The information for the Capital One Savor card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

Related reading: Credit card showdown: Capital One Venture vs. Capital One Savor

HSBC Premier World Mastercard credit card: Best for travel

Why this is the best for travel : This card offers 2x points on travel purchases as well as various travel-related perks. You must have a qualifying HSBC Premier checking account to be eligible for this card.

Introductory offer : Earn 35,000 Rewards Program Bonus Points -- worth at least $400 in air travel -- after spending $3,000 in the first three months from account opening.

Rewards rate : Earn 2x Rewards Program Points on travel purchases and 1x Points on all other purchases.

Enjoy complimentary unlimited premium Wi-Fi at over a million secure hotspots worldwide with Boingo . Get simultaneous access for up to four devices.
Receive up to $50 in statement credits annually for rides with Uber and Lyft
Get a statement credit of $85 every five years as reimbursement for a TSA PreCheck application fee
10% discount when you book your hotel or vacation home stay through Expedia, Agoda or onefinestay
Trip cancelation insurance that may reimburse you for your prepaid, non-refundable expenses in case you have to cancel your trip for a covered reason
Hotel and motel burglary insurance that may reimburse you up to $1,500 per claim for personal property stolen or damaged from your hotel or motel room as a result of burglary by forcible entry
Lost luggage insurance that may reimburse you up to $1,500 per claim for checked or carry-on luggage that is lost or damaged while traveling on a common carrier
Baggage delay insurance that may reimburse you up to $250 per claim for the cost of essential items such as clothing and toiletries if your luggage is delayed in getting to your scheduled destination
Purchase assurance that may reimburse you when an item you bought with your card is damaged or stolen within 90 days of purchase

Annual fee : $0 during the first year of account opening, then $0 for cardholders who have a qualifying U.S. HSBC Premier checking account relationship and $95 for cardholders who no longer have a qualifying HSBC relationship.

Is this card worth it? If you have a qualifying U.S. Premier checking account with HSBC, you might as well open the HSBC Premier World Mastercard credit card for its travel-related benefits and shopping benefits. But, if you aren't already an eligible HSBC customer, you may want to consider other travel credit cards with stronger earning rates and additional perks such as a Global Entry application fee credit .

Related reading: Best travel rewards credit cards

HSBC Premier World Elite Mastercard credit card: Best for premium travel rewards

Why this is the best for premium travel rewards : This card provides 3x earning on travel purchases , 2x earning on dining purchases and various travel and shopping benefits. You must have a qualifying HSBC Premier checking account to be eligible for this card.

Introductory offer : Earn 50,000 Rewards Program Bonus Points -- worth $750 in airfare when booked online through HSBC Rewards -- after spending $4,000 in the first three months of account opening.

Rewards rate : Earn 3x Rewards Program Points on travel purchases, 2x on dining purchases and 1x on all other purchases.

Receive up to $100 in statement credits annually as reimbursement for air travel purchases charged to your card
Receive up to $100 in statement credits annually for rides with Uber and Lyft
Enjoy complimentary Lounge Key membership and get two free lounge visits per year. Additional visits are only $32 per person
Get one Global Entry application fee statement credit or one TSA Precheck application fee statement credit every 54 months
Enjoy complimentary unlimited premium Wi-Fi at over a million secure hotspots worldwide with Boingo. Get simultaneous access for up to four devices
Price protection that may reimburse you when you purchase an item with your card and then see a printed advertisement or non-auction Internet advertisement for the same product at a lower price within 60 days from the date of purchase
Extended warranty that may double the original manufacturer warranty up to a maximum of 24 months when you purchase an eligible item with your card
Purchase assurance that may reimburse you when an item you bought with your covered card is damaged or stolen within 90 days of purchase
Cellular wireless telephone protection that may provide reimbursement up to $800 per claim if your cellphone is stolen or damaged
Earn $5 in Fandango rewards for every two movie tickets purchased

Annual fee : $395 plus $65 per authorized user

Is this card worth it? This card offers some perks that aren't commonly found on credit cards anymore such as Boingo Wi-Fi access and price protection . Plus, the card offers 3x earning on travel purchases as well as 2x earning on dining purchases and allows redemption for 1.5 cents per point when you book through HSBC Rewards. However, you'll need to have a qualifying HSBC's Premium checking account to get this card.

Related reading: Battle of the premium travel rewards cards: Which is the best?

How we chose the best HSBC credit cards

HSBC currently only offers six credit cards in the United States. And, only two of these cards are available to consumers without an existing HSBC relationship. So, in this guide we decided to analyze all six of the currently available HSBC credit cards and determine for whom each card might be best.

Benefits available on all HSBC credit cards

All of the currently available HSBC credit cards offer some basic benefits. In particular, you'll find the following perks available on all of the HSBC cards:

Contactless-chip enable cards that allow you to tap and pay
See your FICO score for free on your monthly statement
MasterRental car rental insurance
Travel accident insurance
Mastercard ID theft protection that can provide identity theft resolution services
Automatic enrollment in HSBC's fraud alert program
Access to Mastercard global services which can assist with lost and stolen card reporting, emergency card replacement and emergency cash advance
Access to Mastercard's Priceless Cities program which can provide exclusive access to more than 2,000 priceless experiences around the globe
Access to Mastercard's Priceless Golf program which can provide exclusive access to iconic destinations and discounts on public tee times
Access to Mastercard's airport concierge services including a discount on airport meet and greet services

Related reading: World Elite vs. World Mastercard: Benefits and value

HSBC Premier and Advance relationships

The HSBC Premier World Mastercard and HSBC Premier World Elite Mastercard require you to have an HSBC Premier relationship to apply, while the HSBC Advance Mastercard requires you to have an HSBC Advance relationship to apply. Here's what you need to know about both of these HSBC relationships.

HSBC Advance

With HSBC Advance, you won't need to pay any HSBC fees when using a third-party ATM and you can get up to four third-party ATM surcharge fees reimbursed per month. You'll also get access to preferred saving rates.

However, if you don't maintain a combined balance of at least $5,000 in your HSBC deposit and investment accounts, have a recurring direct deposit from a third party to an HSBC Advance checking account once per calendar month or have an HSBC U.S. residential mortgage loan, you'll need to pay a monthly maintenance fee of $25.

Related reading: The best checking accounts

HSBC Premier

With HSBC Premier, you won't have fees on everyday banking transactions, no HSBC ATM fees worldwide and unlimited third party ATM rebates within the U.S. You can extend your Premier status to up to four family members and you have automatic Premier status in all countries where you bank with HSBC affiliates.

However, to become an HSBC Premier client you must have at least $75,000 in total deposits and/or investments, have at least $5,000 in total direct deposits per month or maintain a U.S. residential mortgage loan with an original loan amount of at least $500,000. A monthly maintenance fee of $50 will be incurred if one of these requirements is not maintained.

Frequently asked questions about HSBC credit cards

What is the best hsbc credit card.

The best HSBC credit card is the HSBC Premier World Elite Mastercard credit card, due to its travel and shopping perks. But, this card requires you to have an HSBC Premier relationship, which may be difficult for many consumers. The best card for you depends on what factors you're looking for in a card.

Does HSBC have secured credit cards?

HSBC doesn't currently offer any secured credit cards. But, there are plenty of good secured credit cards offered by other issuers.

Is HSBC Gold Mastercard a good credit card?

The HSBC Gold Mastercard credit card can be a good option if you're looking for a no-annual-fee credit card that has a 0% introductory offer for purchases and balance transfers. But if you're looking to do a balance transfer , you may prefer a card with a lower or even waived balance transfer fee.

Is HSBC Premier World Elite Mastercard worth it?

If you have an HSBC Premier relationship and will take advantage of the HSBC Premier World Elite Mastercard's travel and shopping benefits, then the card can certainly be worth it. But, if you don't already have an HSBC Premier relationship, you may want to consider other premium travel rewards cards such as the Chase Sapphire Reserve or the UBS Visa Infinite Credit Card .

The information for the UBS Visa Infinite card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

Are HSBC credit cards easy to get?

The HSBC Gold Mastercard and HSBC Cash Rewards Mastercard both allow potential applicants to check whether they're prequalified with just a soft credit pull . So, if you're worried about whether you'll be approved for an HSBC credit card, you may want to check whether you're prequalified for one of these cards.

Alternatively if you're a student you may want to consider the HSBC Cash Rewards Mastercard credit card Student Account since this card doesn't require any credit history. However, note that you need to have a consumer deposit relationship with HSBC to qualify for this card.

Can Wisconsin residents get an HSBC credit card?

Currently, all of the HSBC credit cards have a note in their Summary of Terms that states the offer is void in Wisconsin.

Related reading: The ultimate guide to credit card application restrictions

How do I pay my HSBC credit card?

You can pay your HSBC credit card using a checking account or savings account , by mail, by phone or by enrolling in autopay . Here's how to do each:

Using an HSBC checking or savings account : Log-in to your HSBC account, select your credit card and click Move money
Using a non-HSBC checking or savings account : Log-in to your HSBC account, select your credit card, click My Account, select Payments and then click Make a Payment
By mail : Fill in the remittance stub and mail it along with your payment to HSBC Bank USA, N.A., PO Box 4657, Carol Stream, IL 60197-5255
By phone : Call the number on the back of your credit card
Enroll in autopay : You can enroll in EZ-Pay autopay by logging in to your HSBC account, selecting your credit card, clicking My Account, selecting Payments and then clicking Schedule EZ-Pay

Related reading: The right way to pay your credit card bills

Bottom line

HSBC offers six credit card products currently, although all but two of these products require an existing HSBC relationship. This means that most HSBC credit card products will be primarily useful to existing HSBC clients.

But, if you are looking for a no annual fee card with a 0% introductory APR offer on purchases and balance transfers, it may be worth checking whether you're prequalified for one of the two credit cards that are open to non-HSBC consumers.

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HSBC Malaysia online banking

HSBC TravelOne Credit Card

Instant reward redemption with an extensive selection of airline and hotel partners.

Find out more via your eWelcome pack

Unlock a world of travel freedom

Unlock instant travel rewards and elevated travel experiences everywhere you go with the one and only travel card you need.

Apply online today and enjoy our exclusive sign-up offer

Open up a world of elevated travel.

Instant redemption

Earn accelerated points

Travel privileges

Split flexibly

Spend, earn, and go further, earn points and redeem them instantly.

Be spoilt for choice when you redeem instant miles and hotel points with an extensive range of airline and hotel partners such as Malaysia Airlines, airasia, Singapore Airlines, Marriott Bonvoy and more[@credit-cards-travelone-reward-programme-tncs].

8× Reward points on all foreign currency spend
5× Reward points on local travel spend (hotels, airlines and travel agencies)
5× Reward points on local dining spend
1× Reward points on all other eligible spend
Find out how to redeem

Travel in style

Airport lounge access[@credit-cards-plaza-premium-lounge-tncs]: You and your supplementary cardholder can enjoy a combined 6 complimentary visits per year at selected Plaza Premium airport lounge for international flights – terms and conditions apply
Travel offers: Enjoy exclusive travel discounts on Agoda – learn more on the Agoda website
Priceless™ Specials: discover top-tier benefits and a world of privileged access with curated offers and benefits from Mastercard – explore all offers

Put your mind at ease

Travel insurance: Register to enjoy complimentary travel insurance coverage (including COVID-19)[@credit-cards-travelone-travel-insurance-tncs] of up to USD250,000 for you and your family when you charge the full cost of your air ticket to your HSBC TravelOne Credit Card – Mastercard T&Cs apply
ID Theft Protection™: Enjoy peace of mind when surfing and shopping online. Proactive monitoring and alerts help to ensure the security of your personal data from identity theft or fraud. Online enrolment is required – find out more on the Mastercard website
Complimentary E-Commerce Purchase Protection: Rest easier when you shop online with up to USD1,000 coverage – find out more on the Mastercard website

More card benefits

Blind notch Designed to increase accessibility and demonstrate our commitment to inclusivity. The notch signals the correct end of the card to insert into card readers and ATMs
We're finding ways to reduce plastic waste. Your HSBC TravelOne Credit Card is made from 100% recycled plastic.

Enjoy 50% off green fees at 42 golf clubs and golf lessons at 1 participating golf academy in Singapore – Book now . Terms & Conditions apply.

Valid until: 15 January 2025

Who can apply?

A minimum annual income of RM60,000 p.a. is required
Primary cardholder must be at least 21 years of age; supplementary cardholder must be at least 18 years old

What you'll need

Salaried employee .

If you're working for a multinational, public-listed, government or semi-government company or office, you'll need:

Photocopy of MyKad (both sides) AND any 1 from below:

EPF statement - latest original PDF copy of non-password protected statement downloaded from KWSP website/App OR
Bank statement - original PDF copy of non-password protected statement downloaded from online banking website/App showing latest 3 months salary credit OR
Letter of confirmation from employer or latest month salary slip if employed less than 3 months OR
Latest Income Tax Return Form (Form BE with tax receipt) OR

For all other companies, you'll need:

Photocopy of MyKad (both sides) AND any 2 from below:

EPF statement - latest original PDF copy of non-password protected statement (latest 2 years EPF statement if contribution less than 6 months) downloaded from KWSP website/App AND/OR
Bank statement - original PDF copy of non-password protected statement downloaded from online banking website/App showing latest 3 months salary credit AND/OR
Latest 3 months salary slip AND/OR
Latest Income Tax Return Form (Form BE with tax receipt) AND/OR

Self-employed

If you're self-employed , you'll need:

Photocopy of MyKad (both sides) AND Photocopy of Business Registration Form (established minimum 3 years) AND any 1 from below:

Bank statement - latest 6 months original PDF copy of non-password protected statement downloaded from online banking website/App AND/OR
Latest Income Tax Return Form (EPF Statement or Form B with payment receipts or CP02 attached)

Foreign passport holders

If you hold a foreign passport , you must be working for a multinational, public-listed, government or semi-government company or office, or HSBC corporate lending employer. You'll also need:

Copy of passport showing personal details and work permit (must be valid for at least one year) AND

Letter of confirmation from employer stating position, remuneration and duration of employment AND any 1 from below:

Latest month salary slip

(Minimum RM10k income per month AND working for multinational/public listed companies/government/semi-government/HSBC corporate lending employers only)

Important documents

Product disclosure sheet (PDF) (EN)
Product disclosure sheet (PDF) (BM)

Apply online in 10 minutes or less.

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HSBC Travel Rewards Mastercard® Review

Victor Irungu

WealthRocket Staff

Why you can trust us

The team at WealthRocket only recommends products and services that we would use ourselves and that we believe will provide value to our readers. However, we advocate for you to continue to do your own research and make educated decisions.

HSBC Travel Rewards Mastercard®

Rated 1.8/5 stars.

3 pts Earn 3 points per $1 spent on eligible travel-related purchases.
2 pts Earn 2 points per $1 spent on gas and transportation.
1 pt Earn 1 point per $1 spent on all other eligible everyday purchases.
Welcome Bonus None
Annual Rewards $142 Learn how we calculate this.
Annual Fee $0
Minimum Income Required None
No annual fee
$0 supplementary card fee

Travel insurance

Extensive list of partners for rewards
2.5% foreign transaction fee
Capped travel rewards amount of $6,000
Low rewards for non-travel-related purchases

The HSBC Travel Rewards Mastercard is designed for the frequent traveller. This travel rewards credit card allows you to earn points on every purchase. You can use your points in one of three ways: for travel, for a statement or loan credit, convert into cash and save, or redeem for gift cards and merchandise at select partners.

This HSBC Travel Rewards Mastercard review discusses the features and benefits of this card. It outlines the rewards you can earn, explains how to redeem your points, and provides an overview of any additional perks or discounts associated with the card. Read on to learn more about this travel rewards credit card and if it’s right for you.

The HSBC Travel Rewards Mastercard is an excellent choice for travel junkies who want to maximize travel rewards. This card offers points on every purchase, additional points for travel-related purchases, and no annual fee. To redeem points for the best value, cardholders can apply their points to travel related purchases. This includes purchases made from airlines, hotels, campgrounds cottages, cruise lines, and more.

The HSBC Travel Rewards Mastercard offers points on almost all purchases made.

Eligible travel: 3 points per dollar spent with a cap amount of $6,000 per calendar year (after you reach the cap amount, you’ll earn 1 point per dollar)

Eligible gasoline and daily transit: 2 points per dollar spent

All other eligible purchases: 1 point per dollar spent

Redeeming rewards with the HSBC Travel Rewards Mastercard is simple. Your earned points will appear on your account, and you can redeem them either online or over the phone.

For travel-related purchases, your online account will have a tab titled “Redeem Now.” From there you can select “Travel” to find travel purchases or to book directly using your HSBC credit card. For a statement credit, cardholders can find all travel-related transactions made in the last 60 days to apply points directly to their purchase. This is useful because cardholders are not restricted to specific companies for travel expenses. All purchases of goods and services from airlines, car rental agencies, hotels, cottages, campgrounds, and more will show up as a travel-related purchase that users can apply points to.

Cardholders can use their points in three different ways:

Travel: HSBC points can be used for all things travel related. Book transportation, hotels, cruises, rail tickets, and more directly on the rewards site. You can also redeem points for a statement credit toward travel purchases made online or through travel agents and charged to the card.
Financial: Use your points to achieve your financial goals. Convert your points for a credit toward your HSBC Bank Canada residential mortgage, credit card balance, or add the points to your HSBC personal savings account in the form of cash.
Gift cards and merchandise: With an extensive list of exclusive partners, HSBC points can be used for Apple products, other electronics, accessories, home and beauty essentials, and hundreds of other items. Don’t see an item you like? HSBC has more than 50 gift card options and 3 charities to put points toward.

To apply for the HSBC Travel Rewards Mastercard, you must be of legal age and have a good credit score of around 670 to 739. There is no minimum income requirement to qualify for the card or annual fee.

Annual fee: $0
Foreign transaction fee: 2.5%
Extra card fe e: $0
Cash advance fee: $5 (doesn’t apply to Quebec)

Interest rates

Purchases: 20.99%
Cash advances: 22.99%
Cash advances (Quebec): 21.99%
Balance transfers: 22.99%
Balance transfers (Quebec): 21.99%
Penalty APR: 25.99%

In addition to its rewards, this card offers a few extra benefits for travellers.

The HSBC Travel Rewards Mastercard comes with baggage delay, trip interruption, and hotel/motel burglary travel insurance. For a low annual premium of $69, you can tack on emergency medical coverage, too.

Extended warranty coverage

Extended warranty coverage, and purchase assurance offers extra security when making purchases with your card.

Annual Rewards $142

TD First Class Travel® Visa Infinite* Card

Welcome Offer Up to $800 value, including up to 100,000 Aeroplan points.
Annual Fee $139
Interest Rates Purchases: 20.99%, Cash Advances: 22.99%
Recommended Credit Score 760 - 900

American Express Cobalt Credit Card

Welcome Offer Up to 30,000 Membership Points
Annual Rewards $1029
Annual Fee $155.88

The HSBC Travel Rewards Mastercard is a good choice for those looking for an easy way to earn rewards points on travel-related purchases. The capped rewards amount may be an issue for some. However, the card provides a lot of value that can outweigh this factor. All in all, it’s a great option if you’re looking for an easy way to maximize your rewards while travelling.

Victor is a freelance content/SEO writer based in Kenya. He has 10 years’ experience covering financial topics such as cryptocurrency, forex trading, insurance, mortgages, and investing.

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HSBC VIP Travel and Expense Card

HSBC VIP Travel and Expense Card: Introducing the perfect travel companion – your new HSBC VIP Travel & Expense Mastercard© credit card.

Designed to make your business travel as convenient and seamless as possible, your new card includes exclusive benefits, such as airport lounge access, trip delay and cancellation insurance, complementary Boingo Wi-Fi in all major airports, premier customer service access and more.

Travel boldly with the card that offers benefits beyond the ordinary with the HSBC name that is instantly recognized and respected around the globe.

Introducing the perfect travel companion – your new HSBC VIP Travel & Expense Mastercard© credit card.

Mastercard© Coverage Brochure (PDF, 1.29MB)

Mastercard© Guide to Benefits (PDF, 389KB)

Mastercard© Guide to Benefits – Trip Cancellation & Trip Interruption (PDF, 1.43MB)

To file a claim visit: www.mycardbenefits.com or call 1-800-Mastercard

Mastercard Concierge

Priority Pass Registration

Priority Pass Member Support (FAQs, Priority Pass App, Contact)

Flight Delay Pass Registration

Flight Delay Pass Terms of Use (PDF, 438KB)

Boingo Wi-Fi for Mastercard Cardholders

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HSBC TravelOne Credit Card

Information

For HSBC TravelOne Credit Card Campaign 2024, please click here .

Unlock a world of travel freedom

Unlock instant travel rewards and elevated travel experiences everywhere you go with the one and only travel card you need.

Welcome gift

Apply now and enjoy instant approval[@cards-instant-approval-tnc]. What's more, receive 30,000 miles – in the form of 75,000 Reward points – when you meet these criteria:

pay the annual fee of SGD196.20 (inclusive of GST)
spend at least SGD500 in qualifying transactions within the qualifying spend period
provide marketing consent when you apply

That's equivalent to a round trip air ticket to Bangkok!

Open up a world of elevated travel

Instant redemption

The first HSBC credit card to offer instant redemptions with an extensive selection of airline and hotel partners, all within the convenience of your mobile app.

Earn accelerated points

Get up to 2.4 miles (6X Reward points) for your spending.

Travel privileges

Complimentary travel insurance coverage, airport lounge visits and more.

Split flexibly

Split your purchases across a range of flexible tenors that suits your needs with HSBC Instalment Plans – find out more .

dpws-tools-calculator-creator

The calculated amount shown is indicative only, based on qualifying transactions. Terms and conditions apply .

How many miles you'll need to redeem a flight?

Note: The miles shown in the table are indicative only, based on the 'Miles Calculator – Redeem Miles' by Singapore Airlines as of 4 September 2023. The miles indicated are for an entire journey for 1 passenger from Singapore and they do not include taxes, fees or any promotional discounts that may apply.

Spend, earn, and go further

Earn points and redeem them instantly[@cards-instantly].

2.4 miles (6× Reward points)[@cards-travelonetnc] per SGD1 charged on foreign currency spend.
1.2 miles (3× Reward points)[@cards-travelonetnc] per SGD1 charged on local spend.
Share the perks with a supplementary card[@cards-supplementarycard].
No redemption fee when you redeem for air miles or hotel points. This offer ends on 31 January 2025.

Be spoilt for choice with instant miles and hotel points redemption with a wide range of airline and hotel partners such as Cathay Pacific, Singapore Airlines, Marriott Bonvoy and more.

Find out how to redeem instantly

Travel in style

Airport lounge: enjoy 4 complimentary lounge visits per year to over 1,300 global airport lounges for primary cardholders – register now .
Priceless™ Specials: discover top-tier benefits and a world of privileged access with curated offers and benefits from Mastercard – explore all offers .
Travel offers: enjoy a variety of travel privileges when you plan your trip – find out more .

Put your mind at ease

Travel insurance[@cards-travelinsurancecoverage]: enjoy complimentary travel insurance with coverage of up to SGD150,000 for Overseas Medical Expenses when you charge the full cost of your air ticket to your HSBC TravelOne Credit Card - read the full policy . Read Frequently asked questions .
ID Theft Protection™: enjoy peace of mind when surfing and purchasing online. Proactive monitoring and alerts help to ensure the security of your personal data from identity theft or fraud. Enrol online for complimentary access – find out more .

Who can apply?

To apply for an HSBC TravelOne card, you must be aged 21 or above and have a minimum annual income of:

SGD30,000, if you're a Singaporean or Permanent Resident
SGD40,000, if you're a self-employed or commission-based Singaporean or Permanent Resident
SGD40,000, if you're a foreigner residing in Singapore

If you do not meet these income requirements, a minimum fixed deposit collateral of SGD10,000 will apply.

What you need to apply

Apply using MyInfo via Singpass and save the hassle of providing supporting documents.

Alternatively, prepare the following supporting documents with your application.

ID documents of the primary and any supplementary applicants
income documents of the primary applicant

What documents are acceptable?

Important documents

ABS consumer guide for credit cards (PDF) ABS consumer guide for credit cards (PDF) Download
Consumer guide for credit cards Consumer guide for credit cards Modal
Credit card FAQs Credit card FAQs Modal
Credit card security Credit card security Modal
Credit card terms (PDF) Credit card terms (PDF) Download
TravelOne credit card reward points programme terms and conditions (PDF) TravelOne credit card reward points programme terms and conditions (PDF) Download
TravelOne sign-up gift offer terms and conditions (PDF) TravelOne sign-up gift offer terms and conditions (PDF) Download

What you need to know

Your credit limit

Your credit limit is subject to our review and approval. Where you've stated a preferred credit limit, the amount we grant may be lower than what you requested.

Finance charges

A finance charge will be imposed based on the amount withdrawn, from the date the transaction is posted to your account to the date the payment is made in full or the next statement date, whichever is earlier.

Effective rate: 27.8% p.a. (minimum)

Minimum charge: SGD2.50

The annual fee is at SGD196.20 including GST, starting from the issue date for your credit card. From the second year onwards, we'll waive the annual fee for your card if you spend more than SGD25,000 per year.

Receive 10,000 miles (in the form of 25,000 Reward points) when you pay for your annual fee from the second year onwards. The Reward points will be credited to your account within the next 2 months after the annual fee is charged to your card. Valid till 31 December 2024.

No Reward points will be awarded if your annual fee is waived when you spend more than SGD25,000 per year.

Get the miles

Get up to 30,000 miles (in the form of 75,000 Reward points) when you successfully apply for the HSBC TravelOne Credit Card, pay the annual fee of SGD196.20 (including GST), spend a minimum of SGD500 in qualifying transactions and provide marketing consent when you apply!

Share the perks with a supplementary card

Our HSBC credit cards open up a world of banking convenience, benefits and privileges. And now, you can share it with your family too.

Earn reward points each time your loved ones spend on their cards
Get up to 5 supplementary cards, free to you and your family for life
Any loved one can hold a supplementary credit card as long as they're aged 18 or above

Other ways to apply

Leave us your contact details online or by SMS, and we'll give you a call within 3 working days to help you apply for this card.

Text HSAPP <space> Name <space> to 74722, or request a callback online .

Why bank with us

AsiaMoney Best Bank For Digital Solutions – Singapore

HSBC is the recent recipient of the 'AsiaMoney Best Bank For Digital Solutions – Singapore' Award 2023

Customer Satisfaction Index

HSBC ranked #1 in Credit Card sector for 3 consecutive years (2020 to 2022) in the Customer Satisfaction Index of Singapore.

Additional information

How can i enjoy the complimentary airport lounge .

Start enjoying your benefit

Step 1: download Mastercard Travel Pass app (available on the Apple App Store and Google Play)
Step 2: select 'Sign up' to register for the programme, or log on to your account if you're already a member
Step 3: enter your HSBC TravelOne Credit Card details for a one-time verification
Step 4: complete your personal details for Mastercard Travel Pass account registration (enter your name as shown in your passport)
Step 5: set your account password

Simply use the membership number stored under 'my visits' when visiting airport lounges.

With the app, you can also view the airport lounges and restaurants available, keep track of your usage history and access many more services.

Note: Primary cardholders may use their complimentary lounge visits to redeem free meals at selected airport restaurants.

Terms and conditions apply .

Check out Mastercard Travel Pass

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Discover Campaign 2024

For TravelOne credit cardholders who receive an eDM and/or push notification from HSBC on this campaign, please see the details, terms and conditions .

Escapade Campaign 2024

Voyage Campaign 2024

Note: The code to access the relevant page is indicated in the eDM and push notification.

The miles shown are for illustrative purposes only, based on the redemption rate of 25,000 HSBC Reward points to 10,000 air miles from Cathay Pacific – Asia Miles and Singapore Airlines – KrisFlyer in any brochures, marketing or promotional materials. Visit our full list of airlines and hotel partners' programmes' redemption rate.

Connect with us

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Global Money

Access the world with one account

Spend, send and manage your currencies in one place using the HSBC UK Mobile Banking app.

Join the many customers who are benefitting from HSBC UK's best exchange rates, and access to more than 200 countries and regions worldwide.

Spend money at home or abroad using your Global Money debit card, or simply add it to your digital wallet for spending free from HSBC fees. Non-HSBC fees may apply.

Your currency balances are protected by the Financial Services Compensation Scheme.

Available exclusively via the latest version of the HSBC Mobile Banking app.

Here's what you get with a Global Money Account

Send money internationally without any HSBC or intermediary fees

Send money abroad via the HSBC UK Mobile Banking app with a Global Money Account with no HSBC or intermediary bank fees
Send money free from HSBC fees in more than 50 currencies to 200 countries and regions with Global Money transfers. You can also hold up to 18 currencies securely to use at any time
Live exchange rates during market hours so you know exactly how much you're sending
Send up to GBP50,000 per day (or currency equivalent)
See the estimated arrival time on screen when you send a payment

More than just a travel money card

Order your Global Money multi-currency debit card when you apply at no extra cost and add it immediately to your digital wallet. It can be used at home, abroad and online
With your Global Money debit card, you can spend or withdraw cash with no HSBC fees. Check for other non-HSBC charges, for example when using cash machines
Use your card abroad and spend like a local. We'll debit the payment from your currency balance if funds are available. If not, or if the transaction is in a currency you can't hold a balance in, we'll debit your GBP balance

HSBC UK's best exchange rates

Benefit straight away from our competitive live exchange rates
You can view these rates in the HSBC UK Mobile Banking app before you convert
You can add or convert currency at any time, storing it until you need it. Convert on the go or when the rate is right for you
When you're using your card abroad and have the funds in the currency balance you are spending in, there won't be a conversion
If there aren't enough funds in the right currency balance, but you have funds in GBP and spend in one of the currencies you can hold with us, the conversion will be done using the HSBC Global Money Exchange Rate. Any other currencies will be converted using the VISA exchange rate

Before you apply

Who can apply.

You can apply for an HSBC Global Money Account if you have:

An active HSBC UK current account (excluding Basic Bank Account, Amanah, Appointee and MyAccount)
A valid email address that's on our records
A valid mobile number on our records
The HSBC UK Mobile Banking app (Global Money is only available via the app)

Find out how to add or update your contact details .

You must also read the important documents.

Important documents

HSBC Global Money Account Terms and Conditions (PDF, 582 KB) HSBC Global Money Account Terms and Conditions (PDF, 582 KB) Download
HSBC Global Money Account fee information document (PDF, 181 KB) HSBC Global Money Account fee information document (PDF, 181 KB) Download
UK FSCS Information Sheet and Exclusions List (PDF, 106 KB) UK FSCS Information Sheet and Exclusions List (PDF, 106 KB) Download
Privacy notice (PDF, 498 KB) Privacy notice (PDF, 498 KB) Download

Apply for a Global Money Account

Already an hsbc customer.

On your mobile and have our app?

New to HSBC?

If you're not yet an HSBC customer with an eligible current account, find out more about our current accounts and how to apply.

Not on your mobile?

Scan the code to get started.

Frequently asked questions

What is an hsbc global money account .

It's a digital account you can use to hold money in different currencies. It's also an easy-to-use instant payment service that lets you manage, send and spend money in different currencies securely. It's free from HSBC fees. Non-HSBC fees may apply. If a payment is sent to your Global Money Account in a non-GBP currency it will be received, but will be converted into GBP. In the future you’ll be able to receive foreign currency into your account without it being converted to GBP.

What currencies can I hold and use with an HSBC Global Money Account?

You can send and spend money in more than 50 currencies to 200 countries and regions. If you don't hold a balance in the currency you are spending in, simply ensure funds are available in your GBP wallet.

You can hold balances in these currencies:

GBP - pound sterling
USD - US dollar
AUD - Australian dollar
ZAR - South African rand
PLN - Polish zloty
CAD - Canadian dollar
NZD - New Zealand dollar
CHF - Swiss franc
SEK - Swedish krona
HKD - Hong Kong dollar
AED - UAE dirham
CZK - Czech koruna
NOK - Norwegian krone
DKK - Danish krone
SGD - Singapore dollar
JPY - Japanese yen
CNY* - Chinese yuan renminbi

*Whilst you can hold a CNY balance, there are are regulatory restrictions that prevent you being able to send or spend inside or outside China. Chinese regulations only allow for payments in GBP, USD or EUR, so you will need to ensure you have funds available in these currencies.

How do I use my Global Money card?

Simply add GBP or any supported currency to your HSBC Global Money Account. Use your debit card as you would at home. We'll debit payment from your currency balance if funds are available. If not, or if the transaction is in a currency you can't hold a balance in, we'll debit your GBP balance.

If using local currency where you don't hold a balance, this will debit your GBP balance and not any other currency balance. For example, if you use Mexican pesos this will be debited from your GBP balance and not your USD balance.

Please bear in mind spending limits may apply.

Is a Global Money debit card the same as a travel money card?

Global Money is more than just a travel card. You can convert currency as and when you need to, even on the go. You can use your Global Money debit card like a local, at home or abroad with no HSBC fees including at cash machines. Non-HSBC fees may apply. We'll debit payments from your currency balance if funds are available. If not, or if the transaction is in a currency you can't hold a balance in, we'll debit your GBP balance.

Are my balances in Global Money protected?

Yes, they're covered up to £85,000 by the Financial Services Compensation Scheme. You can find the UK FSCS Information Sheet and Exclusions List under Important documents on this page where you can, view, print and download the document.

What exchange rate will I get when I use my Global Money Account?

The HSBC Global Money Exchange Rate is made up of the cost to HSBC and a foreign currency conversion margin that we include.

Sending money - international payments

The HSBC Global Money Exchange Rate is a live rate updated by the second during market hours. This means we can always offer our most up-to-date rate. This provides you with visibility and certainty of how much you're sending. The exchange rate will be displayed in the mobile app before you confirm your payment and will be valid for 40 seconds before refreshing. This rate is quoted to you before you complete any foreign currency transaction using Global Money.

Spending – card transactions.

If you have enough funds in the currency of the transaction, no exchange rate will apply. If the transaction is in one of the 17 currencies you can hold a balance in and you don't have enough funds in that currency to cover it, we'll convert available GBP funds using the HSBC Global Money Exchange Rate to cover the transaction. If the transaction is in a currency you can't hold a balance in, it'll be converted using the VISA exchange rate.

Is the Global Money debit card a prepaid debit card?

No, but you can convert currency before you go, and hold it in your currency balance ready to use at any time. This can help you control your budget by choosing how much you want to spend. Alternatively, you could choose to convert currency as and when you need it.

Are there any fees for using a Global Money Account?

You can send money internationally without any HSBC or Intermediary fees. However, other banks may charge to receive a payment.

With your Global Money debit card, you can spend or withdraw cash with no HSBC fees. Check for other non-HSBC charges, for example when using cash machines.

Winner at the 2024 Card and Payments Awards

Our Global Money Account was awarded 'Best Industry Innovation' for making everyday international banking easier.

Find out more about the awards Find out more about the awards This link will open in a new window

My thoughts on the HSBC TravelOne Card

The HSBC TravelOne Card is a great general spending card- and maybe that's the problem.

This week saw the launch of the TravelOne Card, HSBC’s first mass market miles card in Singapore. HSBC certainly took its time entering this segment — almost every other bank already has one — but hey, there’s no harm in being fashionably late.

I’ve spent the past couple of days poring over the details of this card and analysing its use cases. Like every new launch, the TravelOne has generated a ton of online discussion, which has been very helpful in spotting things I missed the first time round!

And as I was drafting this post, I suddenly had an epiphany.

The biggest strength of the HBSC TravelOne? It’s a great general spending card. The biggest weakness of the HSBC TravelOne? It’s a great general spending card.

If that sounds confusing, don’t worry- it’ll get clearer as we go along.

The earn rates are great (for a general spending card)

HSBC TravelOne Cardholders earn:

3X HSBC points per S$1 (1.2 mpd) on local spend
6X HSBC points per S$1 (2.4 mpd) on foreign currency spend

There is no minimum spend required, nor cap on the points that can be earned.

It speaks volumes about where the market is right now that more than a few comments have basically said “Not 4 mpd? Pfffft”. But that’s understandable in a way. Cards like the UOB Preferred Platinum Visa and UOB Visa Signature have made us so accustomed to earning 4 mpd almost everywhere that it’s become the de facto expectation for some.

And yet, it’s important to remember that the TravelOne is intended to be a general spending card , and we need to benchmark it to the appropriate segment.

In fact, given its earn rates and rounding policies, I’d say it more than holds its own against the competition; all the more so for HSBC Everyday Global Account customers who can earn a bonus 1% cashback on all transactions (capped at $300 per month).

Furthermore, I’m quite amazed that the HSBC TravelOne outearns the top-of-the-line HSBC Visa Infinite (1/2 mpd on local/overseas spend, upgraded to 1.25/2.25 mpd on local/overseas spend with a hefty minimum spend of S$50,000 in a membership year). That must have been a fascinating internal discussion, since product managers are loath to have their baby upstaged- especially by a card for the unwashed masses!

It’s not just raw earn rates, mind you. Quality of points matters as much as quantity .

If HSBC had launched a card with 1.6/2.4 mpd earn rates, yet kept Asia Miles and KrisFlyer as its only transfer partners, I’d be much more indifferent. Yes, those would be excellent earn rates for a general spending card, but at the end of the day what’s changed? It’s not breaking any new ground.

The TravelOne’s claim to fame is not its earn rates, solid though they may be. It’s the new transfer partners it’s added and will continue to add throughout 2023 (more on that later). That, to me, is more important than incrementally higher earn rates.

I’ve often believed that banks are getting the market for general spending cards wrong. It seems as if the thought process goes something like, “What’s better than 1.2 mpd? 1.3 mpd. What’s better than 1.3 mpd? 1.4 mpd…”

While this might be good for consumers in the short run, it’s ultimately not sustainable (just look at the BOC Elite Miles Card as an example). Margins get squeezed, banks have to come up with shenanigans to advertise higher rates while awarding less in practice (e.g. OCBC/UOB and their S$5 earning blocks), and it limits the scope to add other benefits that customers might value more, such as lounge visits or airport limo rides.

A much more sustainable approach would be to compete not on headline earn rates, but card features . In other words: “I can make my 1.2 mpd better than your 1.3 mpd if I offer more partners, if I offer free conversions, if I offer instant transfers.” That’s exactly what HSBC is attempting with the TravelOne.

Still, not everything is hunky dory.

HSBC TravelOne Card does not have a bonus earn category
HSBC excludes CardUp/ipaymy transactions from earning rewards
HSBC no longer offers a tax payment facility
HSBC points don’t pool (though it’s on the roadmap…more on that later)

This means there’s currently no way of turbocharging your accumulation, and at a pace of 1.2/2.4 mpd, it’d take a lot of spending to reach the critical mass needed for a redemption (especially if you’re redeeming for a family).

It’s what I call the “AMEX Platinum Problem”. While Membership Rewards points are extremely valuable, it’s hard to earn them at a decent rate (0.69 mpd for AMEX Platinum Credit Card , 0.78 mpd for AMEX Platinum Charge ). But even then, at least AMEX has 10Xcelerator partners (3.47 mpd for AMEX Platinum Credit Card , 7.8 mpd for AMEX Platinum Charge )- something HSBC lacks!

A solid sign-up bonus, with a quirk

From now till 31 August 2023 , customers who apply for a HSBC TravelOne Card will enjoy 20,000 bonus miles (in the form of 50,000 HSBC points) when they:

Pay the annual fee of S$194.40
Spend at least S$800 by the end of the month following approval
Opt-in for marketing communications during the sign-up process

Since the annual fee must be paid, you’re basically buying miles at a cost of 0.97 cents each (S$194.40/20,000 miles), or 1.09 cents if you want to adjust for the opportunity cost of spending on a 4 mpd card (S$194.40/(20,000-800*2.8) miles).

That’s a very good price indeed, and before someone says “but Citi PayAll”, remember the S$8,000 minimum spend for the current offer.

What’s noteworthy about this offer is that it’s available to both new and existing HSBC cardholders . Most of the time, the latter get left out in the cold.

But offering the same sign-up bonus to new and existing customers also creates a strange quirk. If you count as a new HSBC cardholder, you might want to apply for a HSBC Revolution Card first (seriously, why don’t you have one yet?).

New cardholders will receive:

S$30 cash from SingSaver, no min. spend (T&Cs)
S$150 cashback from HSBC with a min. spend of S$1,000 (T&Cs)

After the Revolution is approved, you can then apply for the TravelOne as an existing customer, since you enjoy the same 20,000 bonus miles as a new cardholder anyway.

Don’t sweat the annual fee

And since we’re talking annual fees: the HSBC TravelOne Card is not offering a first year fee waiver option at the moment. In other words, if you want the card, you have to pay the S$194.40 annual fee, though with 20,000 miles + eight lounge visits in the first membership year (not four- see below), I’d argue you’re still coming out on top.

What happens in the second year, though?

At this point, we don’t know. The official stance is that cardholders who spend at least S$25,000 in a membership year will receive a fee waiver for the second year. However, many other banks say similar things, yet offer waivers nonetheless to those who fall short of the minimum spend (either automatically or on request).

I’m not that concerned at the moment, quite frankly. The card is virtually brand new; we’ll cross that bridge when we come to it. I certainly wouldn’t pay S$194.40 just for a few lounge visits, and I suspect that HSBC knows that unless there’s a very compelling reason to pay the second year’s annual fee, the lack of waiver could spark a significant exodus.

The market has already demonstrated it’s not willing to pay annual fees in the S$30,000 card segment. OCBC tried it for a while with their 90°N Card by adding a non-waivable S$53.50 annual fee (with a further S$139 top-up to buy 10,000 miles). That experiment didn’t last very long.

So the way I see it, why not just take it one year at a time? It’s hardly something to get worked up about at this point. If the value proposition doesn’t make sense in the second year, you still have the freedom to walk away.

Expiring points aren’t a deal-breaker

Points earned on the HSBC TravelOne Card expire after 37 months , the same as other HSBC cards.

Some don’t like expiring points, but it’s not that big a deal for me. As I’ve explained in this article, non-expiring points don’t really influence my decision whether or not to get a card. Granted, nothing beats evergreen, but 37 months is a long time, and you still have additional validity once points are transferred to the airline side.

However, an argument could be made that because of the 1.2/2.4 mpd earn rates, you’d need to keep the points on the bank side for a longer time before transferring. Fair enough, though at most it means paying an additional conversion fee at the end of 37 months; not really something to lose sleep over.

Moreover, with the pace of frequent flyer devaluations, holding on to your points too long is a bad idea. The golden rule is still to earn and burn!

First year sweet spot for lounge visits

HSBC TravelOne Cardholders enjoy four lounge visits per year, a relatively generous allowance for the segment in which the card competes.

What’s more, the allowances are granted on a calendar year basis instead of membership year. This means that a cardholder can enjoy eight visits in their first membership year, regardless of whether they choose to renew.

For example, when you’re approved in 2023 you get four visits to use till 31 December 2023, and on 1 January 2024 you get another four visits to use till 31 December 2024. Whether or not you renew the card in 2024 is irrelevant.

There’s also a qualitative aspect to this: TravelOne lounge visits are provided by DragonPass, which is the only major lounge network to retain access to Plaza Premium Lounges after the operator terminated its agreements with Priority Pass and Lounge Key. In some airports (e.g. Penang, Phnom Penh) Plaza Premium lounges are the only contract lounge option (or even the only lounge option).

If there’s one fly in the ointment, it’s that lounge visits cannot be shared with a guest. Whether that’s a HSBC or DragonPass restriction I do not know, but it feels odd: if I have four visits in total, who cares whether I use all four on myself or split them with my companion for two visits together?

Fast, free points conversions

There’s three things I look for in a card:

Conversion speed

Conversion fees, conversion blocks.

The HSBC TravelOne gets two out of three right, with the last one coming agonisingly close.

The HSBC TravelOne Card has a bit of a semantics issue when it comes to conversions.

In some places, it advertises “ instant” rewards redemptions. In others, it says “instantly or within 1 business day”. The two, obviously, are not the same, and in the miles game where award space can disappear as fast as it pops up, can make all the difference.

Having spoken to both the product team as well as Ascenda (the loyalty company that’s behind the new partners), the overall sense I got was that this is a CYA thing, just in case something goes wrong.

Given the API integration Ascenda has with its partners, there’s really no reason not to expect instant conversions for all programmes except Accor Live Limitless (where transfers take up to five business days).

In any case, I’ll be testing this soon and posting the results, and I’m sure the Telegram Group will be full of data points as well.

HSBC normally requires cardholders to join its Mileage Programme to convert points, which costs S$43.20 a year for unlimited conversions to Asia Miles or KrisFlyer. You only pay one fee, regardless of how many HSBC cards you have.

With the TravelOne Card, all conversion fees are waived till 31 December 2023 . That reduces the friction in making ad-hoc top-ups to your frequent flyer account.

It’s not been confirmed whether HSBC will switch to a “per conversion” model come 1 January 2024, but if you ask me, it looks more likely than not. I’d expect to pay the usual S$25 + GST.

Unfortunately, it’s the last leg of the triangle that’s missing. While the TravelOne offers fast, free top-ups, the minimum conversion block is 10,000 miles.

While that’s on par with the market, I feel they’ve missed a great opportunity here. 10,000 miles, after all, is a significant chunk of change to move at one go. If they broke it down into smaller blocks, the utility of the card would be even greater.

If it’s any consolation, after the first 10,000 miles the subsequent conversion block is just 2 miles. This is confirmed in the FAQs:

In other words, you could convert 25,005 points to 10,002 air miles. This is great news for anyone intending to spend S$800 for the sign-up bonus in local currency then cash out. You’d have:

50,000 bonus points (for meeting min. spend)
2,400 base points (S$800 @ 3 points per S$1)

52,400 points can be cashed out exactly for 20,960 miles, avoiding orphan points.

I just wish they’d gone one step further and made the minimum conversion block 2 miles, though that may be wishful thinking on my part.

By the way, this also means that if you want an insurance policy against orphan miles, one thing you can do is keep a minimum of 25,000 points in your account at all times.

Transfer partner bonanza

HSBC TravelOne Cardholders can transfer points to a total of 12 different partners : nine airlines and three hotels.

This takes the crown of “most transfer partners” from Citi (10 airlines, 1 hotel), and HSBC isn’t done. The plan is to have more than 20 airline and hotel partners by the end of 2023.

That’s the real game-changer here. For too long, we’ve seen new partners added at a glacial pace ( Standard Chartered and OCBC (eventually) being the notable exceptions; no surprise it was Ascenda behind those too). Now HSBC has kicked things into overdrive, and while not every new partner will be “useful” from a miles chaser perspective, more options can only be a good thing.

At the same time, there’s one thing I want to make abundantly clear: there’s little point in using the HSBC TravelOne Card if all you want is Asia Miles and KrisFlyer. If that’s your goal, you’d do much better by sticking with other cards on the market. Why earn KrisFlyer miles at 1.2/2.4 mpd when you can earn them at 4/6 mpd elsewhere?

Getting the most out of TravelOne means exploring other programmes, and I can’t help but wonder if there’s an inherent paradox. Are the people most likely to give a general spending card heavy usage also the same people who would default to familiar programmes like Asia Miles and KrisFlyer?

How you feel about the HSBC TravelOne Card really boils down to what standards you’re measuring it by.

Compared to general spending cards, it excels: 1.2/2.4 mpd earn rates, 1% extra cashback for EGA customers, a favourable rounding policy, four lounge visits per calendar year, fast and free conversions, and a 20,000 miles sign-up bonus even for existing customers. I’m not about to say it’s the absolute best — the Citi PremierMiles Card may have lower earn rates and fewer lounge visits, but Citi PayAll is a fearsome beast — though it certainly ticks all the right boxes.

Compared to specialised spending cards , it pales in comparison, obviously. No general spending card, no matter how good, is going to beat 4/6 mpd!

Here’s the thing though: even if the HSBC TravelOne isn’t directly competing with a specialised spending card, it’s indirectly competing for share of wallet, because in most cases, every S$1 I put on the TravelOne is S$1 I could have put on a 4/6 mpd card.

That’s a problem that all general spending cards face, not just the HSBC TravelOne. It begs a more existential question: do you even need a general spending card?

To be sure, there are situations where it can come in useful:

Maybe you’ve busted the 4/6 mpd caps on your specialised spending card
Maybe the bank affiliated with your general spending card has some sort of tie-up with the merchant that grants an additional discount that would more than offset the lost miles
Maybe this particular category of spend doesn’t qualify for any bonuses (though it’s hard to think of an example, given the wide coverage of specialised spending cards)
Maybe you don’t know the MCC of a given merchant, and just want to be safe (but you could always find out for free )

I don’t know how common those scenarios are for you, but keep in mind this won’t even be a dilemma for the vast majority of cardholders out there. If you read this blog, chances are you’re in the minority- not just in terms of looks, charisma and sheer muscle mass, but also in terms of card usage. For every one of us who obsessively optimises each and every transaction, there’s five, maybe ten people who just put everything on their DBS Altitude, Citi PremierMiles or UOB PRVI Miles Card and call it a day.

All the same, it’d be horribly premature to write it off. My understanding is that HSBC is working on adding points pooling , and if they pull that off, a lot of things would fall into place.

Imagine what you could do with Revolution earn rates, 20+ partners and instant transfers. Imagine being able to avoid fuel surcharges and tap new sweet spots by choosing the right frequent flyer programme. Imagine a spillover effect on the rest of the market, where other banks look at the HSBC, StanChart and OCBC case studies and decide there’s value in partnering with a platform like Ascenda and bringing dozens of partners onboard at once instead of negotiating individual contracts.

As John Lennon once said “That’s very nice Yoko but I’m trying to perform with Chuck Berry” “You can say that I’m a dreamer, but I’m not the only one”.

The HSBC TravelOne poses a crucial question: is there space for a general spending card in the wallet of a miles optimiser? Or perhaps more accurately: is there space for another general spending card in the wallet of a miles optimiser?

That’s something well worth thinking about this weekend, but I personally pulled the trigger yesterday and sent in my application. I’m not about to say no to that kind of sign-up bonus, and if things work out the way I hope they will, having an extra 50,000 HSBC points in the bag would be very welcome come end-2023. HSBC has ambitious plans that go beyond just the TravelOne, and if they can deliver on that, it’d be a huge shake-up to the miles game in Singapore.

Scoffers gonna scoff, but I like what I see so far.

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Making the Most of the HSBC Cash Rewards Mastercard

Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not influence our evaluations or ratings. Our opinions are our own.

» This card is no longer available

The HSBC Cash Rewards Mastercard® credit card has been discontinued. However, certain HSBC credit cards are still available in the U.S. Otherwise, see our best cash-back credit cards for other options.

The HSBC Cash Rewards Mastercard® credit card hits many of the right notes as a cash-back card: The earning rate is in line with similar cards, and the $0 annual fee makes it easy to keep in your wallet for a long time.

But a few unique perks help this card stand out in a crowded field.

It offers the ease of a flat-rate card that earns the same amount of cash back wherever you use it — but you'll get a special promotional rate in the first year. And unlike a lot of other cash-back cards, this one travels well.

Here’s how to make the most of the HSBC Cash Rewards Mastercard® credit card .

» MORE: NerdWallet's best cash-back credit cards

Max out the introductory cash-back rate

In lieu of a traditional upfront sign-up bonus, the HSBC Cash Rewards Mastercard® credit card pays 3% cash back on the first $10,000 you spend in the first year you have the card. From that point on, you’ll earn an unlimited 1.5% cash back on all purchases, which has become the gold standard among flat-rate cash-back cards .

At a 3% earning rate, anyone who spends around $833.33 per month in the first year would net $300 in cash back.

“ If you time major purchases to fall within the first year of having this card, you can maximize the introductory cash-back rate while sticking to your budget. ”

Of course, if your typical monthly spending is less than that, it’s not worth spending more than you normally would just to get additional cash back. But if you time major purchases to fall within the first year of having the HSBC Cash Rewards Mastercard® credit card , you can maximize the introductory cash-back rate while sticking to your budget.

» MORE: Full review of the HSBC Cash Rewards Mastercard® credit card

Take the card with you overseas

Typically, even the best cash-back cards on the market aren't ideal for international use because — unlike many travel rewards cards — they tend to charge foreign transaction fees of between 3% to 5% on every purchase.

That can add up over the course of any trip abroad.

“ The card is a solid travel buddy, with no foreign transaction fees to worry about and the worldwide acceptance of a Mastercard. ”

But the HSBC Cash Rewards Mastercard® credit card is a solid travel buddy, with no foreign transaction fees to worry about and the worldwide acceptance of a Mastercard. Pack it with you on your next international journey.

» MORE: NerdWallet's best no foreign transaction fee credit cards

Pair with another cash-back card

If you want to keep it simple, it’s hard to beat the 3% cash back you’d earn in the first year. But it can pay to pair the HSBC Cash Rewards Mastercard® credit card with another cash-back card or two, especially once you pass $10,000 in spending in the first year.

After all, 1.5% cash back is good, but that still isn’t the highest cash-back rate around.

Happy to use one card for everything? Once you no longer earn the higher cash-back rate, consider the Citi Double Cash® Card . It earns 1% cash back as you spend and 1% back when you pay your bill, for a total of 2% cash back on all purchases. The annual fee is $0 , but there’s a foreign transaction fee, so keep your HSBC Cash Rewards Mastercard® credit card on hand to use when you travel internationally.

Want to earn more in the first year of having the HSBC Cash Rewards Mastercard® credit card ? The Chase Freedom Flex® earns 5% cash back on up to $1,500 in spending on quarterly rotating bonus categories that rotate every three months (category activation required). In the past, categories have included things like grocery stores, restaurants and gas stations. So you could use the Chase Freedom Flex® whenever you shop in that quarter’s bonus category, and use the HSBC Cash Rewards Mastercard® credit card everywhere else. The Chase Freedom Flex® has an annual fee of $0 and offers this sign-up bonus: Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. But again, because the Chase Freedom Flex® charges a foreign transaction fee, the HSBC Cash Rewards Mastercard® credit card can remain your faithful travel companion.

Willing to pay an annual fee? If so, you can earn even more in certain spending categories while using the HSBC Cash Rewards Mastercard® credit card everywhere else. Are groceries your biggest expense? The Blue Cash Preferred® Card from American Express earns 6% cash back at U.S. supermarkets on up to $6,000 in spending per year (1% after that). Terms apply ( see rates and fees ). You'll get a welcome bonus: Earn a $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months. Terms Apply. This card's current offer includes a $0 intro annual fee for the first year, then $95. If you prefer going out over staying in, the Capital One Savor Cash Rewards Credit Card earns 4% cash back on dining out, entertainment and eligible streaming services, plus 3% back at grocery stores (ideal once you pass the intro 3% cash-back period on the HSBC Cash Rewards Mastercard® credit card ).

» MORE: More on how pairing up your cards can maximize rewards

Stick to the easiest and most valuable redemption: cash back

The HSBC Cash Rewards Mastercard® credit card provides more redemption options than some competing cards do. However, in this case, “more” doesn’t necessarily equal “better.”

“ Extra redemption options make this card more flexible, but redeeming for a statement credit is the simplest way to get value out of your rewards. ”

As with most cash-back cards, the most effortless way to redeem with this card is by getting a statement credit.

You do have other redemption options, including things like travel, merchandise or gift cards. But those redemptions generally offer you less than full value for your rewards. Travel and merchandise, for instance, offer values as poor as 80 cents on the dollar. For gift cards, it can be as low as 67 cents on the dollar. Some of these options, too, may require minimum redemption thresholds.

With this card, redeeming for cash back in the form of a statement credit truly is the simplest way to get value out of your rewards. Besides, if travel points and miles are more your speed, travel rewards cards generally offer higher-value sign-up bonuses and easier travel redemptions. The HSBC Cash Rewards Mastercard® credit card shines brightest as a cash-back product.

» MORE: Cash-back cards that are great for travel, too

For even more cash-back flexibility, become a loyal HSBC customer

Prefer your cash back in the form of, well, cash? If you have an eligible HSBC consumer checking or savings account, you can opt to redeem rewards as a direct deposit.

You won’t get any kind of bonus for having a bank account with HSBC (unlike, say, what the Bank of America® Customized Cash Rewards credit card can offer for being a Bank of America Preferred Rewards ® client).

But the ability to get cash back in two ways is a nice added benefit to banking and having a credit card with HSBC.

To view rates and fees of the Blue Cash Preferred® Card from American Express , see this page . The information related to the Capital One Savor Cash Rewards Credit Card has been collected by NerdWallet and has not been reviewed or provided by the issuer of this card.

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Points Programs

Hotel programs, best credit cards, back to news, hsbc travel rewards mastercard: a new no-fee travel card.

HSBC is introducing a new no-fee credit card in the market: the HSBC Travel Rewards Mastercard, offering 3x points on travel purchases and decent insurance.

Written by Josh Greenberg

Written by {post._embedded?.author[0].name || post.data.author}

On January 25, 2022

Read time 5 mins

Today, HSBC is introducing a brand-new credit card: the HSBC Travel Rewards Mastercard .

Let’s take a look at the features of this new product, and how this entry-level card with no annual fee might be valuable for you.

New HSBC Travel Rewards Mastercard

The HSBC Travel Rewards Mastercard is the bank’s new no-fee credit card for travel rewards. The card earns HSBC Rewards points, the same travel points currency as its higher-fee variants, the HSBC World Elite Mastercard and the HSBC +Rewards Mastercard .

As a welcome bonus, new cardholders who apply before May 2, 2022 will earn 20,000 points upon spending $2,000 in the first six months (with no spending requirement for Quebec residents ).

You’ll earn rewards on everyday spending as follows:

3 HSBC Rewards points per dollar spent on travel (up to $6,000 spent per year)
2 HSBC Rewards points per dollar spent on gas and transit
1 HSBC Rewards point per dollar spent on other purchases

The welcome bonus and earning rates are similar to the card’s entry-level peers from other big banks with a no-fee card which earns an in-house rewards currency, such as the CIBC Aventura Visa Card , the TD Rewards Visa Card , or the RBC Rewards+ Visa , with slight variations on which merchant categories earn at bonus rates.

The HSBC Travel Rewards Card also has decent insurance coverage for a no-fee card. It offers purchase protection for 90 days, and extended warranty of double the manufacturer’s warranty up to one year – both common on no-fee cards.

In addition, you’ll be covered for trip interruption, baggage delay, and hotel burglary when you book travel arrangements with this card – the latter being particularly notable for a no-fee credit card.

Unfortunately, the card levies the industry-standard 2.5% FX fee on foreign transactions, keeping the popular No FX Fee benefit in the domain of the more premium HSBC World Elite Mastercard.

How to Use HSBC Rewards Points

HSBC Rewards are one of our favourite points currencies because they’re very easy to use. You don’t have to book through their travel portal – instead, you can simply pay for any travel expense with your credit card, and later apply your rewards as a statement credit to cover the expense.

Used this way, HSBC Rewards have a fixed value of 0.5 cents per point (cpp), or 200 points = $1. Effectively, this means you’ll earn 1.5% back on travel purchases, 1% back on gas and transit, and 0.5% back on everything else with the new HSBC Travel Rewards Mastercard.

With the higher-tier HSBC World Elite and +Rewards cards, points can also be transferred to three airline partners: British Airways Avios , Cathay Pacific Asia Miles , and Singapore KrisFlyer . However, this option isn’t available with the HSBC Travel Rewards Card, so the fixed value of 0.5cpp is the only meaningful way to redeem points for travel.

Lastly, note that you’ll need a minimum of 25,000 HSBC Rewards points in order to redeem for anything. With the welcome bonus of 20,000 points from the HSBC Travel Rewards Mastercard, you’ll need to top-up with some further spending before you’ll be able to put your points to a good use.

The HSBC Credit Card Portfolio

Long-term, as a card with no annual fee, the HSBC Travel Rewards Mastercard would be a good downgrade option if you are thinking about cancelling your HSBC World Elite Mastercard or HSBC +Rewards Mastercard but want to keep your points alive or preserve an old credit account .

However, either of the higher-tier cards would be a better choice for a new signup if you qualify for them, with larger welcome bonuses and a first year annual fee waiver on both products.

After that, you can reevaluate the value proposition in the second year, and consider switching to the no-fee HSBC Travel Rewards Card.

While the HSBC World Elite Mastercard is one of my favourite cards in Canada, it has always stuck out like a sore thumb in that it’s long been the only compelling card offered by a rather large bank. With a new basic travel credit card in the market, HSBC is less looking to make a splash, and more looking to round out their portfolio.

Ultimately, while the HSBC Travel Rewards Mastercard fills a useful supporting role, it isn’t remarkably inspiring for a savvy points collector.

The card offers a modest welcome bonus with comparable earning rates for those who are seeking a basic travel rewards credit card, while bringing a long-awaited no-fee downgrade option for longtime cardholders who may be looking to retire their World Elite card.

*Terms and Conditions apply

®/TM Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Used pursuant to license.

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Using your card abroad

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Use your card worldwide

Enjoy the convenience of using your card wherever you see your card's logo. Fees apply.

Use in any outlet that displays the Visa or Mastercard logo on your card
ATM locator to help you find where you're able to use your visa debit or credit card abroad
Fees apply and non-HSBC cash machines may also charge a fee[@cashwithdrawals]

Security while travelling

If you let us know you're away, we can manage your transactions more effectively while you're on holiday.

We automatically monitor accounts for unusual foreign transactions
We look out for possible fraud and declined transactions
If you have a joint account you both need to notify us. For credit cards, only the primary cardholders needs to give us travel notifications

How to use your card abroad

Overseas usage fees .

Any non sterling transactions (including cash withdrawals) are converted to sterling by using the relevant payment scheme exchange rate applying on the day the conversion is made. We will deduct the payment and related transaction fees from your account once we receive details of the payment from the card scheme, at the latest the next working day.

Cost illustration (Visa)

Cost illustration of making a transaction abroad of EUR 100.00 using the Visa exchange rate on 6 June 2017 of 0.876855 = GBP 87.69 to which will be added the fees appropriate to your card and transaction.

See more information on the rate of exchange Visa used when converting your transaction.

Cost illustration (Mastercard)

Cost illustration of making a non-sterling transaction of EUR 100.00 using the Mastercard exchange rate on 5 June 2017 of 0.875944 = GBP 87.59 to which will be added the fees appropriate to your card and transaction.

See more information on the rate of exchange Mastercard used when converting your transaction.

You receive up to 56 days interest-free credit on credit card purchases if you pay your whole balance in full and on time. Please be aware that interest is charged from the date transactions are applied to your account until payment is received. There is no interest-free period on cash advances. Some cash machine operators may apply a direct charge for withdrawals from their cash machines and this will be advised on-screen at the time of withdrawal. ATM withdrawal limits are applicable.

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The 6 Best Prepaid Travel Cards for Australians 2024

Here is a list of the 6 best prepaid cards you can take with you on your travels and the positives and negatives for each one:

Wise - our pick for prepaid cards

Revolut - low fees

Citibank - good for use at home
Travelex - no fees for ATM withdrawals
Australia Post - lock in exchange rates

HSBC - no international transaction fees

Prepaid travel money cards let you load money - either in AUD or the foreign currency you need - in advance, which you can then use as you travel , for spending and withdrawals. Lots of cards let you top up and manage your account through an app, which means you can always keep up with your money, even when you’re away from home.

Picking the right prepaid card can mean you get more convenient ways to spend and withdraw when you’re abroad - and lower overall costs, too. Let’s look at some of the best prepaid travel cards for Australians , so you can pick your perfect match:

Wise - our pick for prepaid travel card

Top up for free in AUD using PayID or bank transfer
No annual fee, hidden transaction fees or exchange rate markups
No minimum balance requirements
Allows you to make payments and withdrawals wherever you are in the world in over 40 currencies
Local bank account details in Australia (AUD), the UK (GBP), the USA (USD), Europe (EUR), Canada (CAD) and New Zealand (NZD)
Available in the US, UK, Europe, Australia, Singapore, Japan and New Zealand

Find out more about the Wise card .

With this card:

It's very easy to set up and order
Available as a virtual card
You can receive foreign currency into a multi-currency account linked to the card
Pay with your Wise card in most places overseas where debit cards are accepted
You can transfer money to a bank account overseas

It's not all good news though

There is a 2% ATM withdrawal fee when you withdraw over $350 during a month
It takes 7-14 days for delivery

Go to Wise or read our review .

No hidden fees or exchange rate mark-ups (except on weekends)
Very easy to use app
Free to set up account and top up
You can use it to transfer money to a bank account overseas

Read the full review

No purchase fee, load fee, reload fee, exchange rate margin or minimum balance requirements
Unlike other Travel Cards, its free and easy to use the balance of your currency or convert it back to AUD
The exchange rates are unbeatable. They use the same rate you see on XE or Google with no hidden mark-up
For the free Standard account, there is a 2% ATM withdrawal fee when you withdraw over $350 during a month
The premium account costs $10.99 a month, which can really add up if you are not using it often
Additional fees for using the card on a weekend
2% ATM fee once you withdraw more than $350 in any 30 day period
3-4 business days before you receive your card

Click here to see the full list of cards and how Revolut compares

Australia Post Prepaid Travel card - lock in exchange rates

Load up to 11 different major world currencies
Spend and withdraw easily around the world
Get access to extras like free wifi when you travel
Manage your card in online and via an app
Transfer instantly to another Travel Platinum Mastercard

Load up to 11 different currencies for easy spending and withdrawals
Lock in exchange rates so you know what your travel money budget is in advance
Get extra perks like free wifi when you load 100 AUD or more
Get fraud protections from Mastercard
3.5 AUD international ATM fee, or 2.95% domestic ATM fee
Exchange rates to add money in a foreign currency or spend a currency you don’t hold are likely to include a markup
Some fees apply depending on how you top up your account

Travelex - no fees for international ATM withdrawals

Load up to 10 major currencies at a time
Spend and withdraw anywhere Mastercard is accepted
Contactless payments so you can just tap and go
No Travelex fees for international ATM withdrawals
Free to spend currencies you hold in your account
Order online and have it delivered to your home - or collect in store

Top up and hold up to 10 currencies at a time
View and manage your account online
Spend online and in person, and make withdrawals as you travel
No membership or account fees to pay
Get exclusive Mastercard discounts and perks
Inactivity fees apply if you don’t use the card for a year
Not all major currencies are supported for holding - double check they have the currency or currencies you need

Go to Travelex or read our review .

Citibank Saver Plus - best for use at home

No international ATM or transaction fees
Fee-free international money transfers to any account worldwide
SMS notifications through Citi Alert

With this card you can:

withdraw money for free at over 3000 ATMs Australia-wide and overseas
take advantage of no foreign transaction fees, monthly fees, or minimum opening balance
transfer money to friends and family anywhere in the world for free
Cash deposits available within 24-48 hours
Can’t have two cards active at the same time
$5 account closure
Hold and exchange 10 currencies: AUD, USD, GBP, EUR, HKD, CAD, JPY, NZD, SGD, and CNY
No account opening or annual fees to pay
No foreign transaction fee and no HSBC ATM fee at home or abroad
Some cashback earning opportunity on local spending
Easy online overseas transfers - 8 AUD fee and exchange rate markups apply

Hold and exchange 10 currencies
No account opening fee, no ongoing fees
Get up to 2% cashback on eligible card spend
No HSBC ATM fee
No international transaction fee
8 AUD fee for sending money overseas
Cashback on low value transactions made in Australia only
Limits apply on how you can use CNY within your account

Read our HSBC Everyday Global Account review .

What are Prepaid Travel Cards?

Prepaid travel cards are a good international card alternatives to carrying cash. They look like credit or debit cards, but they function differently.

You're able to load the card with a set amount of money in the currency you need and can use it to make purchases online, in stores and to withdraw money at ATMs.

Most travel cards allow for multiple currencies to be loaded onto the card. So it's important to know what currency you'll be using on your travels. Airlines also offer prepaid cards so the money you spend can earn you reward points.

Find out how our 5 best prepaid travel cards for Australians compare in our best and worst travel cards article .

Looking for something different?

Read our guides on:

The best travel debit cards
The best travel cards for Europe
The Wise debit card review
Best virtual debit cards for Aussies

How does a prepaid travel card work?

Order a prepaid travel card online, through a provider app , or - in some cases - pick one up at a physical location or store. Generally to get your card you’ll need to show or upload some ID documents for verification - this is to keep your account safe and is a legal requirement.

Once you have your card account open , you can load funds . Different cards have their own supported methods for topping up, which usually include bank transfer, PayID, credit and debit card, and which may also allow you to deposit cash in some cases. Once you have funds on your card, you can switch to the currency you need for overseas spending. In some cases you can also leave your funds in AUD and just allow the card to convert for you - but do check that no additional fees will apply in this case.

Prepaid travel cards can then be used to tap and pay , make withdrawals and shop online . You can often also add them to mobile wallets like Apple Pay for convenient spending. Because your card isn’t attached to your everyday account it’s secure, and you can only spend the funds you’ve loaded, which means there’s no chance of accidentally blowing your budget.

Advantages and disadvantages of prepaid cards

Prepaid cards can be a handy addition when you’re abroad, as they are secure and convenient to use for payments and withdrawals. However, they’re not the only option. If you’re not sure about whether a prepaid card is right for you, check out these advantages and disadvantages to help you decide:

Advantages:

More convenient than carrying cash, with easy access to ATMs to withdraw when you need to
Not linked to your primary day to day account, which can be more secure and make budgeting easier
Some accounts let you buy currency in advance to lock in exchange rates when they’re good
You may be able to access better exchange rates and lower fees compared to using a regular bank card

Disadvantages:

Some prepaid cards have fairly high fees - including charges when you add money to the account. Read more on how to find the best travel cards with no foreign transaction fees
Not all prepaid cards support a broad range of currencies - check the currencies you need are covered
Prepaid cards aren’t always accepted for things like paying security deposits - so it’s safest to have a credit card as well

Who is a prepaid debit card for?

A prepaid debit card is handy for many different customer needs. For example, you may choose a prepaid debit card in the following situations:

You’re planning travel and want to set your budget in advance with no chance of accidentally overspending
You want to be able to hold and exchange a selection of foreign currencies all in the same account
You want to increase security by using a payment card that’s not linked to your main everyday account when you travel
Some cards also offer other perks like ways to receive foreign currency payments conveniently, or cashback

How can I get a prepaid travel card?

Different prepaid cards have their own order and activation processes. However, to comply with local and international law, providers will usually need to see some ID before you’re able to get a card - this verification step may be available online by uploading images of your paperwork, or in person by visiting a branch.

Here’s an outline of the basic steps you’ll take to get a prepaid travel card:

Pick the right card for your needs
Visit the provider’s website or app - or call into a branch if you’d prefer a face to face service
Complete a travel card order from, which will include your personal information
Get verified - usually this involves showing or uploading ID like a passport or driving licence
Add money to your card, which could be in cash, with a bank card, or by bank transfer
You can now get your card, and manage your account online or in the app

If you’re ordering a card in person you’ll be able to start using it right away. If you’ve ordered online for delivery, you’ll need to wait a few days, to a couple of weeks, depending on the provider you’ve picked, for your card to be available. You might be able to access virtual card details in the meantime, to start spending right away.

How to choose a prepaid debit card

There are many different prepaid debit cards on the Australian market - so picking the best one for you will require a bit of research. Starting with this guide, compare a few different prepaid debit cards based on features and fees. Here are a few pointers to think about:

Make sure you know about any opening or card delivery fee which will apply once you order your card
Check how long it’ll take to get your card if you’re ordering online for home delivery
Make sure the card you pick can hold a broad selection of currencies, so you can use it for more than one trip away
Check the fees for adding funds, making ATM withdrawals and converting currencies
Look to see if there are any account close, cash out or dormancy fees that apply once you stop using the card
Make sure the card is well rated by other users, and from a trustworthy provider

Where can I get a prepaid debit card?

Generally you can order your prepaid debit card online or by downloading your preferred provider’s app. Some cards, like the Auspost card, can also be collected in physical branch locations.

FAQ - 6 Best Prepaid Travel Cards

Are prepaid cards free.

Prepaid cards may be free to order, or you may pay a small one time fee, depending on the provider and card you pick. Once you have your card you may also pay transaction fees such as exchange rate markups when you switch currencies, and ATM withdrawal charges. Read the card’s terms and conditions carefully so you’re aware of the costs involved.

What are the best prepaid debit cards for international travel?

There’s no single best prepaid debit card - it’ll come down to your personal preferences, where you’re travelling, and the type of transaction you need to make. Pick a prepaid card which is easy to use, which supports the currency you need, and which offers a good balance of low fees and good exchange rates.

What is the best reloadable prepaid card?

There’s no single best reloadable prepaid debit card. Use this guide to compare a few options to pick the one that’s right for you, thinking about features, fees and the range of supported currencies you’ll need.

Should I use a Mastercard or Visa for overseas?

Both Visa and Mastercard are very broadly accepted globally. It’s often a good idea to have a prepaid, debit or credit card on each of these networks, so you’ll always have a backup if for some reason one network isn’t available wherever in the world you are.

Are prepaid currency cards worth it?

Picking the right prepaid currency card can help you save money on currency exchange and access low fee international transaction services. You might also get extra perks like easy ways to lock in exchange rates in advance, so you can get a good deal and fix your travel budget before you go away.

Your currency knowledge centre

5 Best Debit Cards for Australians Travelling Overseas

Travel debit cards are a good alternative to carrying cash. They also offer the convenience of a credit card, but work differently. Here is a list of the 5 best travel debit cards you can take with you on your travels and the positives and negatives for each one.

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Wise Debit Card Review

The Wise Debit card give customers an easy way to spend their balances in multiple countries. With interbank rates and low fees, this product is available in Australia for both personal and business customers.

8 Travel Traps to Avoid If You're Heading to Europe

To help you avoid spending money unnecessarily, here are some pretty important travel money traps you want to avoid if you travel to Europe.

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Premier credit card benefits

Get more from your credit card with our offers and benefits

By using your Premier credit card, you can take advantage of benefits worth over $1,200 in the first year and $600 per year thereafter. 2

Earn Points when you spend

Earn points with every hsbc credit card purchase. redeem your points for gift cards, travel, cash, merchandise and more. 1, our latest offers.

Fuel your ambition to upskill with edX

Enjoy 15% off the list price of the full edX course catalogue. edX is a large open online course provider. It hosts online university-level courses, in a wide range of disciplines, to a worldwide student body.

home&Away

Welcome to home&Away , a unique program offering valuable benefits here and around the world. Enjoy a variety of offers from worldwide travel, shopping & unique experiences.

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Travel rewards and benefits

Security screening statement credit

Speed up airport screening with a security screening statement credit of up to $85 towards Global Entry, TSA PreCheck, TSA PreCheck by CLEAR, or NEXUS once every 54 months using your HSBC Premier credit card.

Booking.com

Make the most of your travel. Get up to 7% off prepaid bookings for accommodation.

Mastercard Travel Rewards

Get exclusive offers from top brands in over 15 countries outside the U.S. including France, Hong Kong, U.K. and more when you use your HSBC Elite or Premier Credit Card.

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Take 3 rides, get a $5 Lyft App credit every month with your HSBC Credit Card.

Everyday Value

Get 2 months of Instacart+ and $10 off your second order each month with your HSBC Premier Credit Card.

New subscribers get $3 off Peacock Premium each month when they use their HSBC Premier credit card to subscribe. Stream new movies from theaters, hit series, exclusive originals, live sports, and more.

Shop your favorite items and top deals all in one place. Plus, sign up for a complimentary ShopRunner membership to enjoy free 2-day shipping, exclusive discounts and more.

TV subscription streaming credit

Earn up to $60 in statement credits annually for your cable and streaming subscriptions. You will automatically receive up to $5 each month you pay for your streaming subscription using your Premier Credit Card.

Peace of mind

Cell Phone Coverage

Get reimbursed up to $600 per claim, if your cell phone is stolen or damaged.

ID Theft Protection

Get access to a number of Identity Theft resolution services , should you believe you are victim of Identify Theft.

Mastercard Global Service TM

Mastercard Global Service™ provides worldwide, 24-hour assistance with Lost and Stolen Card Reporting, Emergency Card Replacement, and Emergency Cash Advance.

Feel better knowing you’re not being overbilled. Get a complimentary HealthLock membership with a no-cost trial upgrade.

Purchase Assurance

Get coverage for most new items purchased that are damaged or stolen within 90 days of the date of purchase, up to $1000 per claim.

Hotel and motel burglary insurance

Receive reimbursement for the cost of replacing or repairing items that have been stolen or damaged as the result of a burglary by forcible entry into your hotel or motel room.

Travel experiences and services

Priceless® experiences.

Enjoy hidden-gem experiences and special-access events virtually and worldwide.

Mastercard Travel & Lifestyle Services™

Get benefits, amenities and upgrades, preferential treatment and premium travel offers from best-in-class companies across hotels, air travel, tours, cruises, car rentals and more.

Priceless® Golf

Play like never before, with priceless offers and global golf experiences.

Enjoy exclusive day passes to luxury resorts. Earn a $20 statement credit on your next ResortPass booking.

Travel insurance and additional perks

Trip Cancellation Insurance

Pays a benefit of up to $1,500 per insured person in the event your trip is cancelled for a covered reason.

Travel Accident Insurance

Receive accidental death or dismemberment insurance coverage up to $1 million when travelling.

Mastercard Airport Concierge™

Your passport to the finer side of air travel. Enjoy a 15% savings on Airport Meet and Greet services.

Lost or Damaged Luggage

Get reimbursed for checked or carry-on luggage that is lost or damaged while traveling on a common carrier - up to $1,500 per claim.

Coverage is limited to the actual cost, up to $1,500 per incident of repairing or replacing your checked and/or carry-on luggage and any personal property contained within. There is a maximum of two claim(s) per twelve month period.

MasterRental TM Coverage

Receive coverage on most rental vehicles when you rent for 31 consecutive days or less with your HSBC Premier Credit Card.

Travel insurance and additional perks

Important documents.

Download your HSBC Premier World Mastercard® credit card Rewards & Benefits and Mastercard Guide to Benefits brochure Download your HSBC Premier World Mastercard® credit card Rewards & Benefits and Mastercard Guide to Benefits brochure Download link
Download your HSBC Mastercard credit card Cardmember Agreement. Download your HSBC Mastercard credit card Cardmember Agreement. Download link

Please note: This Cardmember Agreement contains the Terms & Conditions for all HSBC consumer credit card products. For information about your credit card account pricing and fees, contact us via Live Chat at or call the number located on the back of your card.

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1 Certain restrictions, limits and exclusions may apply. Please see your HSBC Premier World credit card Rewards & Benefits and Mastercard Guide to Benefits brochure for details.

How Points are earned: You earn Points when you use your card to make new purchases (minus returns, credits and adjustments). Rewards Points earn rate applies after any introductory period.

All Reward option items are subject to limited availability and to the terms, conditions and restrictions imposed by suppliers. New items may replace selections, and certain items may be discontinued at any time, without advance notice. When necessary, HSBC Bank USA, N.A. may substitute a Reward of equal or greater value without advance notice. The customer will be notified of such a change when ordering. Redemption levels, Point values and availability are subject to change without prior notice.

You can receive Cash Back redemptions as a direct deposit or as a statement credit to your HSBC Elite World Elite credit card. If you select Cash Back as a direct deposit, only HSBC Bank USA, N.A. consumer checking and savings accounts in your name alone or as a joint accountholder are eligible.

2 Values are based on an example of total annual spend of $25,000 within specific Points categories and various card benefits. Value amounts will vary based on actual spend amount and types of purchases. Please refer to the HSBC Premier World Mastercard® credit card Rewards and Benefits brochure at us.hsbc.com/gtb-premier for more details.

HSBC credit cards are issued by HSBC Bank USA, N.A., subject to credit approval and requires a U.S. HSBC checking account relationship. To learn more, speak with an HSBC representative.

Deposit products offered in the U.S. by HSBC Bank USA, N.A. Member FDIC.

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Elite Credit Card
Our Elite credit card gives you exceptional rewards on travel, dining, and entertainment. By using your Elite credit card, you can enjoy benefits worth over $2,900 in the first year and $2,000 annually thereafter. 1. You must have an existing U.S. HSBC Premier checking account 2.
Premier Credit Card
The HSBC Premier Credit Card includes introductory offers and rewards that can be used around the world. Get more info and find out how you can apply. ... Earn 50,000 Welcome Bonus Points, worth up to $625 in travel when booked through HSBC Travel, after spending $4,000 in the first 3 months of opening your card.[@50k-welcome-points]
Review: HSBC TravelOne Card
Here's The MileLion's review of the HSBC TravelOne Card, which shook up the miles game when it launched back in May 2023 with 12 transfer partners, instant free conversions, and a generous lounge benefit. It was probably the most competitive general spending card we'd seen in a long while, but it lacked one key feature: points pooling.. HSBC has finally addressed that issue, and that's ...
Elite Card Rewards Program
$1,075 in eGift cards; $1,612.50 travel booked with HSBC Travel; The values are based on an example of a total annual spend of $55,000 within the specific Points categories listed illustrating potential Point earnings and redemption values. Value amounts will vary based on actual spend amount and types of purchases.
HSBC Premier Credit Card Review
The HSBC Premier Credit Card is a versatile travel rewards card that doesn't charge an annual fee. It's only open to those with an HSBC checking account, though.
HSBC Rewards
HSBC Premier credit card. The HSBC Premier credit card is designed for your everyday spend. Learn More Learn More ... HSBC Travel Powered by Priceline Travel with Priceline Use your Rewards to pay for your purchases Pay with Rewards® Over 50 to choose from eGift Cards ...
HSBC Elite Credit Card Review 2024
To determine the rewards potential of the HSBC Elite World Elite Mastercard® *, you'll need to look at your expected credit card spend for travel, dining and all other purchases. An average ...
HSBC announces new benefits for Premier and Elite credit cards to
The HSBC Elite credit card has an annual fee of $495 and is offering a welcome bonus of 60,000 points worth over $2,900 in benefits in the first year and up to $2,000 every year thereafter. ... (booked Via HSBC Travel) Complimentary airport lounge access with Priority Pass for cardholder and up to 2 guests, worth over $469 annually ...
The best HSBC credit cards of 2020
Best HSBC credit cards for 2020. HSBC Gold Mastercard® credit card: Best for introductory APR. HSBC Cash Rewards Mastercard® credit card: Best for cash-back rewards. HSBC Cash Rewards Mastercard® credit card Student Account: Best for cash-back rewards for students. HSBC Advance Mastercard® credit card: Best for dining and entertainment.
HSBC Rewards
No, HSBC Travel is there for your travel needs whether you are redeeming Rewards or just looking to earn Rewards by using your HSBC credit card to book travel. Our convenient and easy-to-use HSBC Travel site is powered by Priceline to provide you with the best deals on airfare, hotel stays and car rentals.
TravelOne Credit Card
Terms and conditions for the HSBC TravelOne Credit Card Programme apply. The additional Reward points are capped at a maximum of 20,000 additional Reward points for foreign currency spend; 10,000 additional Reward points for local travel spend (hotel, airlines and travel agencies); and 10,000 additional Reward points for local dining spend as ...
HSBC Travel Rewards Mastercard® Review
The HSBC Travel Rewards Mastercard is designed for the frequent traveller. This travel rewards credit card allows you to earn points on every purchase. You can use your points in one of three ways: for travel, for a statement or loan credit, convert into cash and save, or redeem for gift cards and merchandise at select partners.
HSBC Travel and Expense card
HSBC VIP Travel and Expense Card: Introducing the perfect travel companion - your new HSBC VIP Travel & Expense Mastercard© credit card. Designed to make your business travel as convenient and seamless as possible, your new card includes exclusive benefits, such as airport lounge access, trip delay and cancellation insurance, complementary Boingo Wi-Fi in all major airports, premier ...
Elite credit card benefits
You can receive Cash Back redemptions as a direct deposit or as a statement credit to your HSBC Elite World Elite credit card. If you select Cash Back as a direct deposit, only HSBC Bank USA, N.A. consumer checking and savings accounts in your name alone or as a joint accountholder are eligible. 2 Values are based on an example of total annual ...
HSBC TravelOne Credit Card
Get the miles. Get up to 30,000 miles (in the form of 75,000 Reward points) when you successfully apply for the HSBC TravelOne Credit Card, pay the annual fee of SGD196.20 (including GST), spend a minimum of SGD500 in qualifying transactions and provide marketing consent when you apply! Apply with welcome gift.
Global Money Account
Send money abroad via the HSBC UK Mobile Banking app with a Global Money Account with no HSBC or intermediary bank fees. Send money free from HSBC fees in more than 50 currencies to 200 countries and regions with Global Money transfers. You can also hold up to 18 currencies securely to use at any time. Live exchange rates during market hours so ...
5 Things to Know About HSBC Credit Cards
Earn 60,000 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. Ongoing rewards 3 points per $1 on gas and groceries.
My thoughts on the HSBC TravelOne Card
From now till 31 August 2023, customers who apply for a HSBC TravelOne Card will enjoy 20,000 bonus miles (in the form of 50,000 HSBC points) when they: Pay the annual fee of S$194.40. Spend at least S$800 by the end of the month following approval. Opt-in for marketing communications during the sign-up process.
Making the Most of the HSBC Cash Rewards Mastercard
The Blue Cash Preferred® Card from American Express earns 6% cash back at U.S. supermarkets on up to $6,000 in spending per year (1% after that). Terms apply (see rates and fees). You'll get a ...
HSBC Travel Rewards Mastercard: A New No-Fee Travel Card
The HSBC Travel Rewards Mastercard is the bank's new no-fee credit card for travel rewards. The card earns HSBC Rewards points, the same travel points currency as its higher-fee variants, the HSBC World Elite Mastercard and the HSBC +Rewards Mastercard. As a welcome bonus, new cardholders who apply before May 2, 2022 will earn 20,000 points ...
Credit Cards USA
HSBC credit cards are issued by HSBC Bank USA, N.A., subject to credit approval and requires a U.S. HSBC checking account relationship. To learn more, speak with an HSBC representative. How Points are earned: You earn Points when you use your card to make new purchases (minus returns, credits and adjustments).
Using Your Card Abroad
Fees apply. Use in any outlet that displays the Visa or Mastercard logo on your card. ATM locator to help you find where you're able to use your visa debit or credit card abroad use your visa debit or credit card abroad This link will open in a new window. Fees apply and non-HSBC cash machines may also charge a fee 1 Footnote link 1.
The 6 Best Prepaid Travel Cards for Australians 2024
Here is a list of the 6 best prepaid cards you can take with you on your travels and the positives and negatives for each one: Wise - our pick for prepaid cards. Revolut - low fees. Citibank - good for use at home. Travelex - no fees for ATM withdrawals. Australia Post - lock in exchange rates. HSBC - no international transaction fees.
Premier credit card benefits
1 Certain restrictions, limits and exclusions may apply. Please see your HSBC Premier World credit card Rewards & Benefits and Mastercard Guide to Benefits brochure for details.. How Points are earned: You earn Points when you use your card to make new purchases (minus returns, credits and adjustments).Rewards Points earn rate applies after any introductory period.
HSBC TravelOne Credit Card
HSBC TravelOne Credit Card - Voyage Campaign 2024. You have been selected to participate in our Voyage Campaign 2024. Be it planning for your year-end travel or leisure shopping, simply charge to your HSBC TravelOne Credit Card and redeem the Gift. Promotional Period: 16 September to 17 November 2024. Promotion Mechanics

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The best HSBC credit cards of 2020

Best HSBC credit cards for 2020

Comparing the best HSBC credit cards

HSBC Gold Mastercard credit card: Best for 0% introductory APR

HSBC Cash Rewards Mastercard credit card: Best for cash-back rewards

HSBC Cash Rewards Mastercard credit card Student Account: Best for cash-back rewards for students

HSBC Advance Mastercard credit card: Best for dining and entertainment

HSBC Premier World Mastercard credit card: Best for travel

HSBC Premier World Elite Mastercard credit card: Best for premium travel rewards

How we chose the best HSBC credit cards

Benefits available on all HSBC credit cards

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HSBC Advance

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Frequently asked questions about HSBC credit cards

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Is HSBC Gold Mastercard a good credit card?

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HSBC TravelOne Credit Card

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TD First Class Travel® Visa Infinite* Card

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HSBC TravelOne Credit Card

Unlock a world of travel freedom

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