25% bonus for moving HSBC Premier credit card points to Avios (and how to get one)

For the 2nd year running, HSBC has launched an October transfer bonus to Avios (via British Airways Executive Club) for holders of the HSBC Premier credit card.

Until 31st December, you will receive a 25% bonus when you transfer your points.  This means that you will have received 1.25 Avios per £1 on your spending, an excellent result for a non-Amex card.

I cannot find the offer referenced on the HSBC website but cardholders received postal mailings for it yesterday.  Based on last year, you will get the bonus even if you didn’t get the leaflet.

It isn’t easy to qualify for the HSBC Premier credit card.  Whilst the credit card is free you need a HSBC Premier current account to apply.  See here and click on the Eligibility button to trigger a pop-up.

Note that, unlike many ‘premium’ current accounts, HSBC Premier current accounts are also free.  You don’t pay for the account or for the credit card.

There is no minimum income requirement if you have £50,000 invested with HSBC, either in a savings account or via an investment product.  If you earn over £100,000, you qualify if you just have a HSBC mortgage or any investment or insurance product.  I’m not sure what the minimum investment is in an ‘investment product’ but I’m sure you could find something which would accept £1,000 or so.  They may even treat ISA’s or fixed rate bonds as ‘investment products’ – the definition is not clear online.

HSBC Premier

Details of their credit card airline partners can be found here although there is no mention of the transfer bonus.

As the transfer bonus runs for so long, there is still time to push some spending through your HSBC Premier card during October and November and transfer the points across before the end of the year.

There is no bonus for Etihad, Asia Miles or KrisFlyer, it seems.

(To see our complete list of all current credit card bonuses, click here to visit our ‘Credit Cards Update’ page or use the link in the menu bar at the top of the page.)

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Comments

  1. HSBC ISAs count, at least if done via their InvestDirect product

  2. Hmmmm
    Should I pay a corporation tax bill with this card or go the tesco gift card route?
    Problem with the gift card route is, its a five figure bill and, that’s a lot of typing in £50 gift cards :-(

    • Andrew S says:

      Invest in a barcode scanner and an excel worksheet :)

      • Investing in a barcode scanner seems quite a serious statement of intent, in my quest for Avios, but I am considering it.
        I’ve got an excel spreadsheet btw :-)

      • Hi Andrew, I’m also still using a lot of 3v and would appreciate your advice on the quickest ways of using these? How do use a barcode scanner and spreadsheet?

        • a barcode scanner is just a fast accurate keyboard. Position the cursor in the desired field and scan the barcode, The value will appear in front of the cursor

  3. Thywillbedone says:

    Not seeing this bonus on the transfer screen (still showing transfer at 5 avios per pt) – is it visible to anyone yet?

  4. Very off topic!

    But has anyone else seen the news about sainsburys nectar points scheme devaluation today? Not sure if others collect these, but I usually use them to get money off easyjet flights, so it’s a shame.

    Although there is talk of more offers for ‘engaged’ shoppers – rather than just offering base points – and several people on here might fall into that category!

  5. To get a HSBC premier account, aside from the 50k, it seems you MUST also be crediting your annual salary into the current account as well

  6. I can’t see this offer when I try to convert. It shows the calculation at 5 miles per point. Has anybody else managed to get this to work?