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.
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.)