On Thursday, we published exclusive details on the new HSBC Premier World Elite MasterCard. Luckily for us, all of those details appear to have been correct!
The official website for the card is now available at hsbc.co.uk as you can see here. The representative APR, which I didn’t know on Thursday, is 59.3% APR variable and 18.9% APR variable for purchases, based on an annual fee of £195 and a credit limit of £1,200.
To remind you of the points benefits, you get:
40,000 points (20,000 miles) for signing up and spending £2,000 within 3 months
40,000 points (20,000 miles) for spending £12,000 in your first 12 months
2 points (1 mile) for every £1 you spend – this makes it by far the best Avios MasterCard or Visa product
4 points (2 miles) for every £1 you spend outside the UK
You can take your ‘miles’ as either Avios, Cathay Pacific miles, Singapore Airlines miles or Etihad Guest miles.
The card also comes with airport lounge access.
This is via an exclusive MasterCard company called LoungeKey. You can access their website here.
What is interesting about LoungeKey is that you simply show your World Elite MasterCard at the door. There is no separate membership card. However, you must have registered your HSBC card via this link first.
No free guests are allowed. However, you can get a supplementary card for your HSBC Premier World Elite MasterCard for a £60 annual fee and that person can then access lounges with that.
Across Heathrow, Gatwick, Stansted, Southend and Luton, the following lounges are covered:
Gatwick: No 1 Lounge (North), MyLounge (North), Aspire (North), No 1 Lounge (South)
Heathrow: Plaza Premium (T2 Arrivals, T2 Departures, T4 Departures), SkyTeam (T4), No 1 Lounge (T3),
Stansted: The Escape Lounge
I don’t mention Southend for a laugh. I mention it because, due to its inclusion, along with the SkyTeam T4 and No 1 Heathrow T3 lounges, LoungeKey has a better offering the Lounge Club, which comes with American Express Preferred Rewards Gold. It is marginally weaker than Priority Pass but only because it doesn’t include the Aspire lounge in Heathrow Terminal 5.
The HSBC Premier World Elite MasterCard is not clearly better than American Express Platinum if you want a card with lounge access. It is cheaper (£255 for the HSBC card with one supplementary card vs £450 for Amex Platinum) but the Amex Platinum package has far more benefits – Hilton Gold, Melia Gold, Club Carlson Gold, Eurostar lounge access etc etc (see my review for details). For some people, however, it will be the right choice.
Thanks to reader Rob for his help.
Disclaimer: Head for Points is a journalistic website. Nothing here should be construed as financial advice, and it is your own responsibility to ensure that any product is right for your circumstances. Recommendations are based primarily on the ability to earn miles and points and do not consider interest rates, service levels or any impact on your credit history. By recommending credit cards on this site, I am – technically – acting as a credit broker. Robert Burgess, trading as Head for Points, is regulated and authorised by the Financial Conduct Authority to act as a credit broker.