HSBC Introduces “Heavy Metal” Premium Credit Card

HSBC has launched its Premier World Elite Mastercard, a luxury credit card featuring a sleek metal design and providing best-in-class travel benefits and privileges for clients.

“We listened to what our customers wanted in a premium credit card and built a product that provides the ultimate support for their lifestyle,” said Pablo Sanchez, head of retail banking and wealth management for HSBC in the U.S. and Canada. “Our new HSBC Premier World Elite Mastercard credit card is a highly competitive offering and represents the most valuable collection of features and benefits ever offered in an HSBC credit card.”

The card offers worldwide rewards on a broad list of travel purchases, from traditional airfare, hotels and trains to ride-sharing apps through credits with Uber and Lyft. Clients earn 50,000 rewards program bonus points after spending $4,000 or more in the first three months – one of the highest premiums currently offered on the market.

Along with no foreign transaction fees, premium benefits include: 3X points on travel worldwide, 2X points on dining purchases worldwide and 1X points on all other purchases; $100 annual air travel statement credit as reimbursement for flights, baggage fees, upgrades or air travel purchases; $85 application fee credit for TSA Pre-Check; up to $100 annual statement credits for rides with Uber and Lyft, and more.

In addition, as part of the Mastercard Airport Experiences provided by LoungeKey, cardholders get complimentary membership to over 850 airport lounges worldwide and up to 15 percent off at select duty-free shops, restaurants, spas and hundreds of airport retailers.

“Consumers today expect credit cards that not only reward them, but complement the way they live and travel,” said Marcos Meneguzzi, head of cards and unsecured lending for HSBC. “With our new card offerings, we’ve designed a full portfolio to meet the wants and needs of consumers, whether it’s added purchasing power, maximizing cash-back rewards or investing in life experiences.”


Featured PYMNTS Study: 

With eyes on lowering costs to improving cash flow, 85 percent of U.S. firms plan to make real-time payments integral to their operations within three years. However, some firms still feel technical barriers stand in the way. In the January 2020 Making Real-Time Payments A Reality Study, PYMNTS surveyed more than 500 financial executives to examine what it will take to channel RTP interest into real-world adoption. Here’s what we learned.