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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? – January 2021 update

If you are looking to apply for a new credit or charge card, here are our January 2021 recommendations based on the current sign-up bonus

You can see our full directory of all UK cards which earn airline or hotel points here.

British Airways American Express card

British Airways American Express

5,000 Avios for signing up, no annual fee and a companion voucher for spending £20,000 Read our full review

BA Premium Plus American Express card BAPP

British Airways American Express Premium Plus

25,000 Avios and the UK’s most valuable credit card perk – the 2-4-1 companion voucher Read our full review

Nectar American Express

American Express Preferred Rewards Gold

Your best beginner’s card – 20,000 points, FREE for a year & two airport lounge passes Read our full review

American Express Platinum card Amex

The Platinum Card from American Express

30,000 points and an unbeatable set of travel benefits – for a fee Read our full review

Virgin Rewards Plus credit card

Virgin Atlantic Reward+ Mastercard

15,000 points bonus and the most generous non-Amex for day to day spending 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:

American Express Business Gold card

American Express Business Gold

20,000 points sign-up bonus and free for a year Read our full review

Amex Platinum Business American Express

American Express Business Platinum

40,000 points sign-up bonus and a long list of travel benefits Read our full review

British Airways Accelerating Business American Express card

British Airways Accelerating Business American Express

Earn both Avios and BA On Business points with your business spending Read our full review

Capital On Tap Business Rewards Visa

The most generous Avios Visa or Mastercard for a limited company Read our full review

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.

Comments (2)

  • Paul Abdelmessih says:

    I will keep my fingers crossed.

    From memory, you can currently claim your points against travel you have booked against your card (at least you could when I first got my Premier card). I never tried it.

  • gnarlyoldgoatdude says:

    My wife’s Hong Kong HSBC account dropped Singapore Airlines as a partner about 18 months ago and she is having great difficulty redirecting her rewards to Cathay.
    Don’t assume that there are going to be many options.