HSBC Premier offering you £200 to switch – and get the best Avios non-Amex credit card

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• scott says:

  23 Jun23 June 05:56

  Hi just a quick question in regards to the savings requirements does it have to be a certain product or any savings account ?and could i in theory transfer the money required for eligibility then once i have the card take it back out ?

  • sd83 says:

    23 Jun23 June 06:19

    I’ve got mine in an instant access prem flex saver and premium ISA which actually offers a decent competitive rate. Once your are eligible you can apply. If no longer eligible they can revoke premier status and downgrade you but it’s to their discretion.

    • Polly says:

      23 Jun23 June 09:09

      SD83 Did you get the world elite one or the premier one? What is the monthly fee?

      • sd83 says:

        25 Jun25 June 14:53

        Hi Polly, sorry for late reply. I got the premier one. No fee for card or premier current account

  • Zander says:

    23 Jun23 June 17:12

    It isn’t really that simple, it’s not like Club Lloyds or HSBC Advance where you can put a certain amount in and then take it out and you’ve got the account plus offers, they require you to keep it with them or you’ll be downgraded but they sometimes give you leeway of up to 6 months to return to normal from my partner’s past experience before they bump you down.

  • Steve Owen says:

    24 Jun24 June 22:22

    It can be any product, also bare in mind that an HSBC account in a foreign country also counts for premier status in the UK. So basically you could have less than 50 grand and still qualify for the elite world premiere card, just worth a mention.

• Hunter says:

  23 Jun23 June 06:58

  Slightly OT – I had a letter from Amex yesterday to inform me that the fee on my BAPP will increase to £195 on the anniversary. I had hoped it would stay the same for existing holders, and just affect new applicants.

  • pauldb says:

    23 Jun23 June 08:13

    Do you still have the companion card that got you the discounted rate. It’s strange because my letter yesterday says I’ll continue to pay only £30 as long as I have my companion card (a platinum credit card).

    • Simmo says:

      23 Jun23 June 10:58

      I don’t have a companion card.

      My letter said £195 from the anniversary date also. (and my brothers letter said the same).

      Interestingly, I have never hear of the amex dining program? that apparently comes with the BAPP?
      20% of Bill, Free bottle of Wine etc??? – Is that new?

• Rakesh says:

  23 Jun23 June 07:32

  Quick thought

  Would it be possible to use curve card (debit card) to pay off your BAPP card balance every month online and charge this to a HSBC premier world elite card, which you then have a DD set up to clear the balance ?

  • Neil says:

    23 Jun23 June 07:52

    Good question. I’ve never paid off one CC with another but in this case would be good if possible.

  • pauldb says:

    23 Jun23 June 08:15

    Curve isn’t a debit card, it’s a credit card. There’s a chance it may sometimes go through as a debit card, in error, but I would very much doubt Amex will make that mistake (i.e. it would be rejected when would put in the payment details … no harm in trying, it won’t play out as you being charged extra by Curve/Amex/HSBC).

  • Mr Dee says:

    23 Jun23 June 08:57

    Zero chance, with Supercard it might be possible but with a charge for a UK transaction depends on the new card that is given out.

    Last day to get your Curve refund today!

• Neil says:

  23 Jun23 June 07:51

  When I nipped into a branch a few weeks ago, the suggestion was the current account had to be a full switch which I’d not want but am sure that something could be arranged ref DDs or SOs provided I didn’t have to have my salary paid into new account etc. etc.

  • Liz says:

    23 Jun23 June 08:00

    That was my question – could you just set up an account without switching your main account but it looks like they want you to use the switching service.

• Polly says:

  23 Jun23 June 08:38

  Plus another 40K after a 2k spend in the first 3 months! So it could be a total of 80k avios after the year. And another 24k avios for your 12k spend! So with the extra £50 for the second card holder to gain airport access, less your refund if you switched a couple of dds, not a bad return for a MasterCard. In fact, brilliant. So, 195+50-200 = £45. So that makes 82k avios for £45, if you can meet the criteria. Are my maths correct here? Can’t find the monthly fee anywhere though, seems well hidden….need to offset that sum too.
  But does anyone use Loungekey? Are they as good as priority? This could get a lot of jumpers away from Amex, if they are not careful. But the criteria is tough.

  Our BAPP went up to £195 on renewal too. Cheeky. Dropping down to my free card this week, and it stays in the drawer. But still using our plat ATM.

  • Andi says:

    23 Jun23 June 10:05

    if you drop to the free BAPP, do you keep your Companion Voucher gained?

    i had those same letters…. 🙁

    and this card looks great… but my savings are in Nationwide

  • Mycity says:

    23 Jun23 June 12:15

    Have I missed something, is not 40k points worth 20k Avios? If so you need to half your figures Polly

    • Bob says:

      23 Jun23 June 12:24

      Mycity is right Polly, you’re mixing up avios and hsbc points 🙂

      • Polly says:

        23 Jun23 June 16:06

        Thanks chaps, didn’t realise their points dont equate to avios.. Sorry.. That’s why I wanted my math corrected. Knew somebody out there was in the know. That second bonus tho, it doesn’t specify it’s granted at the end of the 12 mths.. Have an appt tomorrow so will report back. Now that the now are halved,might not change from Plat to this… Was thinking of how useful it would be to be able to use mc everywhere without always asking, do you take Amex!!! Any sign of a pro rata refund if you drift into the second year, I wonder?

        And Andi, you keep the companion voucher as it sits in your baec ac, and you can use any Amex to pay the fees and taxes, when you book.

• Seb says:

  23 Jun23 June 08:48

  Do you need to pay 2 annual fees to get the 20,000 avios after spending £12,000 in year 1? Or if you spend that quickly do you get it before paying the second annual fee?

  • Polly says:

    23 Jun23 June 09:05

    Seb, I would imagine it would kick in after you have spent the 12k, a good question tho. Def states “when you spend 12k within the first 12 months” No indication that you would need to wait until after 12 months for those 40k avios to be awarded. Still can’t find monthly fees chart tho.
    Does anyone actually have this card that could give us the heads up?

    • Bob says:

      23 Jun23 June 12:25

      I was suspicious that you have to spend the second fee because the second set of points is described as ‘first anniversary bonus’ on the paperwork… Why call it that unless you have to wait until the anniversary?

  • Tom C says:

    23 Jun23 June 14:36

    I received my card about a week ago and I’ve put through ~£30k on it in that time. Unlike AMEX, you cannot see your points until the next statement, so I cannot tell you for another few weeks whether I immediately get the bonus.

    • danksy says:

      24 Jun24 June 16:19

      Crikey – That’s some going!

• David Campbell says:

  23 Jun23 June 09:11

  So, just to be super clear, earning 100k is not enough – you need an investment product with HSBC.

  Which might be okay for some people but for me it made me stop and reflect.

  • John says:

    23 Jun23 June 09:33

    No, you just need to have 50k earning very little interest in a savings account. Or after today’s vote and sterling rises, convert some money into a currency that you often use which earns more interest and put it in an HSBC premier account there.

    • David Campbell says:

      23 Jun23 June 09:40

      Every spare penny goes into paying my mortgage off.

  • Genghis says:

    23 Jun23 June 10:15

    My reading of it is that you either have £50k sitting in an investment account with HSBC or if you earn over £100k and have an investment product (simply an ISA will qualify), mortgage or life insurance product.

    • Scottnothing says:

      23 Jun23 June 10:42

      ^ this was correct when I opened by Premier account in late 2014. I used payslips to prove my salary was over £100,000 and then opened a stocks and shares ISA with an initial investment of £500 and £100 monthly direct debit. Took a bit of haggling but got there in the end. I found it easier to move to Premier over the phone rather than in branch.

• Doug says:

  23 Jun23 June 09:32

  Those switching events makes the current customer angry. No benefits for them
  I’m with Premier, but having the savings there is not so useful, it would be much better to leave them at Santander 123.
  Their new CC is nice, but it is hard to see a big value (other the churning possibility) from the free one.

  • Frenske says:

    23 Jun23 June 12:47

    The interest on Santander 123 current account is probably higher than easy-accessible savings you can find with HSBC.

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