The HSBC Elite® Mastercard® is more than just a credit card; it’s a tool designed to complement and elevate your lifestyle. Packed with premium benefits, this card is particularly suited for individuals who frequently travel, dine out, or enjoy luxurious experiences. From exclusive rewards to personalized concierge services, the HSBC Elite card ensures you make the most of every purchase and experience.

With rewards that cater to both daily expenses and extraordinary indulgences, this card stands out in a competitive market. It combines exceptional travel perks, seamless point redemption, and financial flexibility to bring cardholders a suite of advantages that redefine convenience and luxury.

Key information about the credit card

How does the annual fee work?

The HSBC Elite® Mastercard® has an annual fee of $495, which reflects its premium status and the plethora of benefits it offers. However, this fee comes with significant value, including travel credits, lounge access, and concierge services, which can easily offset the cost for frequent users. For authorized users, there is no additional fee, making it ideal for families or individuals who want to extend these benefits to trusted companions.

How is the credit limit determined?

The credit limit for the HSBC Elite® Mastercard® is determined based on the applicant’s financial profile, including their income, credit history, and relationship with HSBC. For standard credit cards, HSBC evaluates the applicant’s creditworthiness using factors such as their credit score, existing debt, and repayment history. This ensures that the assigned limit aligns with the individual’s ability to manage their credit responsibly.

Advantages of the credit card

• Generous rewards program: Earn 60,000 welcome bonus points after spending $4,000 in the first three months, which can be redeemed for up to $900 in travel through HSBC Travel. Additionally, cardholders enjoy 5x points on travel, 2x points on dining, and 1x points on other purchases.
• Travel perks: Enjoy up to $400 in annual travel credits for airfare, hotels, and car rentals booked through HSBC Travel. The card also provides complimentary Priority Pass lounge access for the cardholder and two guests.
  No foreign transaction fees: Perfect for frequent international travelers, the card eliminates fees for purchases made abroad.
• Global Entry/TSA PreCheck credits: Receive up to $120 towards expedited airport screening programs every 4.5 years.
• Comprehensive travel and purchase protections: From travel insurance to purchase assurance and cellphone protection, the card ensures peace of mind for cardholders.
• Exclusive lifestyle benefits: Enjoy $10 in monthly rideshare credits, complimentary ShopRunner membership, and Instacart+ perks.

Standout advantage

One of the HSBC Elite® Mastercard®’s standout features is its comprehensive travel benefits. Cardholders receive complimentary Priority Pass lounge access, valued at over $469 annually, for themselves and up to two guests. This exclusive perk ensures a luxurious and relaxing airport experience, no matter where you’re traveling. Combined with up to $400 in travel credits and the ability to transfer rewards points to airline and hotel loyalty programs, the card provides unmatched value for avid travelers.

Disadvantages

• High annual fee: At $495, the annual fee may deter individuals who do not frequently use the card’s premium benefits.
  Requires HSBC Premier checking account: Applicants must already have an HSBC Premier relationship to be eligible, limiting accessibility.
• Complex rewards redemption: While flexible, redeeming points for travel requires booking through HSBC Travel for maximum value.

A standout disadvantage

The primary drawback of the HSBC Elite® Mastercard® is its exclusivity due to the requirement of an HSBC Premier checking account. While this ensures that the card is tailored to a premium clientele, it excludes individuals who do not meet the qualifications for HSBC Premier. This limits accessibility and may require potential applicants to shift their banking relationships to qualify.

Who can apply for this card?

To apply for the HSBC Elite® Mastercard®, individuals must meet specific eligibility criteria. Applicants need to have an existing U.S.-based HSBC Premier checking account, which itself has requirements such as a minimum balance or other banking conditions. Additionally, applicants must meet standard credit card prerequisites, including a minimum age of 18, a valid Social Security Number (SSN), and proof of a stable income.

Given the card’s premium nature, applicants are typically expected to have a strong credit score, making it less accessible to those with limited or poor credit history. This card is not designed for those seeking easy approval or for individuals with a history of financial instability. It caters to a financially secure demographic, ensuring that cardholders can maximize its extensive benefits.

How to apply for the HSBC Elite® Mastercard®

For the website

Applying for the HSBC Elite® Mastercard® online is a straightforward process. To begin, applicants need to log into their HSBC Premier account through the official HSBC website. Once logged in, navigate to the credit card section and select the HSBC Elite® Mastercard® application. The application form requires basic personal and financial information, including income details and contact information.

Applicants must review the card’s terms and conditions, including the annual fee, interest rates, and rewards program rules, before submission. Once submitted, HSBC conducts a credit check and assesses the applicant’s banking relationship. If approved, the card will be mailed to the applicant’s registered address within 7–10 business days.

Through the app

The HSBC mobile app offers another convenient way to apply for the HSBC Elite® Mastercard®. After logging in, users can access the card application under the “Credit Cards” section. The app streamlines the process, automatically filling in some details based on the user’s existing account information.

Applicants need to provide income verification and confirm their eligibility for the card. The app also allows users to track the application status in real-time, offering transparency throughout the process. Approval times may vary, but once approved, the card is shipped directly to the customer.

At the branch

For those who prefer a face-to-face approach, visiting an HSBC branch is an excellent option. At the branch, applicants can consult with a Relationship Manager who will guide them through the application process. This is particularly beneficial for customers who want to discuss the card’s benefits in detail or clarify eligibility requirements.

During the visit, applicants must present necessary documentation, such as proof of income, identification, and their HSBC Premier account details. The Relationship Manager submits the application on behalf of the customer and provides updates on the approval process. This method ensures a personalized experience and immediate support for any questions or concerns.