HSBC Premier to bring in mileage rewards for UK credit card customers?
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Now here is an interesting bit of news, especially if you are a HSBC Premier customer.
If you already have a HSBC Premier credit card, then you may see this message when you log in to online banking:
“‘Rewards For Miles’ – an exclusive new addition to your HSBC Premier Credit Card Rewards programme that gives you the opportunity to redeem your Premier Rewards points for flights with participating airlines. We’ll be sending you further information soon. Where will your HSBC Premier Credit Card take you?”
Now, HSBC – as you would expect from a bank with retail banking networks in many countries – already has mileage schemes with various airlines. You can even convert points from a US HSBC credit card to Avios. They are also partners with TAP Air Portugal and, not surprisingly, Asia Miles.
I am intrigued as to what HSBC has got lined up. I would be surprised if BA’s contract with American Express in the UK allowed them to sell Avios to HSBC to give to credit card customers – but then Diners Club had an Avios deal in the UK until recently. I can’t believe HSBC would launch this with just Asia Miles!
You could even argue, just looking at the body of the text, that you will NOT be getting airline miles – that HSBC will simply be letting you redeem your points for a cash flight ticket. However, that would make the “Rewards For Miles” title a bit odd.
One to keep an eye on in the Autumn ….
Want to earn more points from credit cards? – March 2024 update
If you are looking to apply for a new credit card, here are our top recommendations based on the current sign-up bonuses.
In February 2022, Barclaycard launched two exciting new Barclaycard Avios Mastercard cards with a bonus of up to 25,000 Avios. You can apply here.
You qualify for the bonus on these cards even if you have a British Airways American Express card:
Barclaycard Avios Plus Mastercard
Get 25,000 Avios for signing up and an upgrade voucher at £10,000 Read our full review
Barclaycard Avios Mastercard
5,000 Avios for signing up and an upgrade voucher at £20,000 Read our full review
You can see our full directory of all UK cards which earn airline or hotel points here. Here are the best of the other deals currently available.
British Airways American Express Premium Plus
25,000 Avios and the famous annual 2-4-1 voucher Read our full review
American Express Preferred Rewards Gold
Your best beginner’s card – 20,000 points, FREE for a year & four airport lounge passes Read our full review
The Platinum Card from American Express
40,000 bonus points and a huge range of valuable benefits – for a fee Read our full review
Virgin Atlantic Reward+ Mastercard
15,000 bonus points and 1.5 points for every £1 you spend Read our full review
Earning miles and points from small business cards
If you are a sole trader or run a small company, you may also want to check out these offers:
SPECIAL OFFER: You receive a huge 120,000 Membership Rewards points if you apply for American Express Business Platinum by 9th April 2024. You receive 80,000 points for spending £12,000 within 90 days and a further 40,000 points if you retain the card for 14 months. Click here to apply.
SPECIAL OFFER: You receive 60,000 Membership Rewards points if you apply for American Express Business Gold by 9th April 2024. Remember that the card is FREE for the first year. You receive 40,000 points for spending £6,000 within 90 days and a further 20,000 points if you retain the card for 14 months. Click here to apply.
British Airways Accelerating Business American Express
30,000 Avios sign-up bonus – plus annual bonuses of up to 30,000 Avios Read our full review
American Express Business Platinum
Crazy 120,000 points bonus (to 9th April) and an annual £200 Amex Travel credit Read our full review
American Express Business Gold
Huge 60,000 points sign-up bonus (until 9th April) and free for a year Read our full review
Capital On Tap Business Rewards Visa
Get a 10,000 points bonus plus an extra 500 points for our readers Read our full review
For a non-American Express option, we also recommend the Barclaycard Select Cashback card for sole traders and small businesses. It is FREE and you receive 1% cashback on your spending.
Barclaycard Select Cashback credit card
2% cashback on all your business spend for 3 months (1% thereafter) and no annual fee Read our full review
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