In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question
Finder makes money from featured partners, but editorial opinions are our own.
HSBC Premier World Mastercard
Terms and conditions apply
Balance transfer rate for 12 months with 2% balance transfer fee
0% p.a.
Purchase rate
19.99% p.a.
Reward points per $ spent
Annual fee
$0 p.a.

Our verdict

Earn either HSBC Rewards points or Qantas Points and enjoy perks including airport lounge access and complimentary travel insurance.

The HSBC Premier World Mastercard is loaded with premium features and reward options. If you choose the HSBC Rewards Plus program, you’ll earn 1.5 points per $1 spent on eligible purchases and can redeem rewards including gift cards, merchandise and point transfers to Velocity Frequent Flyer, Asia Miles or Singapore Airlines KrisFlyer. You’ll also enjoy a $0 annual fee for the account – a rare feature for a rewards credit card. If you pick the HSBC Qantas Rewards option, you'll earn 1 Qantas Point per $1 spent on eligible purchases and pay a $0 annual fee as well.


  • Choice of HSBC Rewards Plus or HSBC Qantas Rewards
  • $0 annual fee with HSBC Rewards Plus and HSBC Qantas Rewards
  • Complimentary domestic and international travel insurance
  • Two yearly complimentary airport lounge access through Mastercard Travel Pass provided by DragonPass


  • No introductory bonus points offer
  • 3% foreign transaction fee

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question

The HSBC Premier World Mastercard lets you choose between earning points through HSBC Rewards Plus or HSBC Qantas Rewards. It also offers a wide range of premium perks. This includes access to over 1,300 airport lounges through the Mastercard Travel Pass provided by DragonPass and complimentary travel insurance for both domestic and international trips.


Product details

Product Name HSBC Premier World Mastercard
Balance transfer rate p.a. 0% for 12 months with 2% balance transfer fee, then 21.99%
Balance transfer limit 90% of available limit
Purchase rate p.a. 19.99%
Interest-free period Up to 55 days on purchases
Cash advance rate p.a. 21.99%
Min credit limit $10,000
Max credit limit $50,000
Card type Mastercard


Available to temporary residents No
Minimum income $75,000
Joint application No


Rewards program HSBC Rewards Plus
Bonus points N/A
Rewards points per $ spent 1.5
Rewards points cap 120,000


Annual fee $0
Minimum monthly repayment 3% of the closing balance or $20, whichever is greater
Late payment fee $30
Foreign currency conversion fee 3%
Cash advance fee 3% or $4, whichever is greater
Overseas cash advance fee The higher of $4 or 3% of the total transaction amount
Overseas ATM withdrawal fee $0
Additional cardholder fee $0

How to apply

If you're new to HSBC Premier, you can submit an enquiry online or call 1300 131 605. If you already have a Premier account with HSBC, you can apply for this card through online banking or by calling 1300 301 168. Below are the eligibility requirements you need to meet for HSBC Premier accounts, as well as the documents and details you should keep handy for the application process.

Eligibility criteria

  • HSBC Premier account requirements. You can only apply for a HSBC Premier World Mastercard if you meet the following requirements:
    • Have a minimum of $500,000 in loans OR $200,000 in savings/investments OR a combination of loans, savings and investments worth a minimum of $500,000 with HSBC Australia
    • Maintain a HSBC Premier Cash Management Account (attracts a monthly fee of $35)
  • Age. You must be at least 18 years old to apply.

Card benefits

  • HSBC Qantas Rewards option. Choose the HSBC Qantas Rewards option and you'll earn 1.5 Qantas Point per $1 spent on eligible purchases, capped at 120,000 points per year.
  • HSBC Rewards Plus option. If you pick the HSBC Rewards Plus, you will earn 1.5 points per $1 spent on eligible purchases. Points are capped at 120,000 per year.

Rates & fees

  • Annual fee. If you choose HSBC Rewards Plus, this card has a $0 annual fee. If you choose HSBC Qantas Rewards, this card has an annual fee of $99.
  • Purchase interest rate. If you shop with this card and don't pay off the full balance each month, an interest rate of 19.99% p.a. will apply to your purchases.

Your reviews

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January 04, 2024


are the 2 lounge passes for the card holder?

or does it mean if I travel overseas with my wife and use lounge

that I need to use both passes?


Sarah Megginson Finder

January 05, 2024

Hi Carl, Usually you can use these passes for the cardholder and their guest, as long as your guest is travelling on the same flight as you.


Sarah Austin

March 27, 2018

Do you have to have an HSBC account to have an HSBC credit card?


Nikki Angco

March 27, 2018

Hi Sarah,

Thanks for your message and for contacting Finder.

For the HSBC Premier World Mastercard, you would need an HSBC Premier Cash Management Account.

But in general, below are the eligibility requirements in applying for an HSBC credit card:

  • You must be 18 years or older to apply for an HSBC credit card.

  • You must be an Australian citizen or Permanent Resident to apply.

  • You need to meet the minimum income requirement stipulated for the card of your choice. This is $20,000 for the HSBC Low Rate Credit Card and $40,000 for the HSBC Platinum Credit Card or HSBC Platinum Qantas Credit Card.

  • Your credit history and credit score must typically be very good or excellent.

Hope this helps!

Best regards,


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September 20, 2016

I don’t have HSBC account or any savings or loans with them,does this mean I can’t apply for a premier world credit card


Sharon Finder

September 22, 2016

Hi Marg,

Thanks for your inquiry.

In order for you to apply and receive the benefits of a premier credit card, you need to be a premier customer. To be a premier customer, you need at least 200k savings or 500k in loans with HSBC or a mixture of both.

For further assistance, please get in touch with HSBC directly.

I hope this helps.


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August 16, 2016

please let me know the upper age limit to qualify for complimentary travel insurance

and what does 4 months cover mean?

I already have Premier world Mastercard


Anndy Finder

August 16, 2016


Thanks for your question.

There is no age limit to be eligible for the complimentary insurance cover attached to HSBC Premier World MasterCard. However, other eligibility criteria apply. The complimentary insurance will cover you for only 4 consecutive months and it cannot be extended.



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