Maximise your Avios, air miles and hotel points

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

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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.

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.

Want to earn more points from credit cards? – June 2021 update

If you are looking to apply for a new credit or charge card, here are our June 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. Here are the other top current deals:

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 offers.

Amex 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

Comments (11)

  • Steve says:

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

  • Jason says:

    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 🙂

      • Jason says:

        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 🙂

      • Grimz says:

        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?

        • Mark2 says:

          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

  • Thywillbedone says:

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

  • Dan says:

    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!

  • Alvin says:

    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

  • Derek says:

    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?

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