Maximise your Avios, air miles and hotel points

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

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I have covered the new HSBC Premier World Elite MasterCard in some detail recently.  It is a VERY attractive MasterCard product if you want to earn Avios.

There is a £195 annual fee but you will receive 40,000 Avios points for spending £12,000 in the first year.  You also earn an unbeatable 1 Avios per £1 on your MasterCard AND get access to 500 airport lounges worldwide via LoungeKey.  Full details can be found here.

The standard HSBC Premier MasterCard is also attractive.  As you can see here, the card is free – albeit there is no sign up bonus – and you earn 0.5 Avios for every £1 you spend.

HSBC Premier World

Join HSBC Premier

The only snag with these cards is that you must have a HSBC Premier current account.

HSBC Premier has tough eligibility criteria.  See here and click on the Eligibility button to see the details.

As well as opening a HSBC Premier current account, you must ALSO have £50,000 invested with HSBC, either in a savings account or via an investment product.

Alternatively, if you earn over £100,000, you qualify if you just have a HSBC mortgage or any investment or insurance product.

If you earn six figures and are attracted by the HSBC Premier credit card package, there is a new bribe available to persuade you to switch.

HSBC will pay you £200 if you open a Premier current account before 10th July and switch at least 2 standing orders or direct debits across to it.  £150 is paid within 30 days and the final £50 after 12 months.

Once your Premier bank account is open, you will be able to apply for either the HSBC Premier or HSBC Premier World Elite credit cards and start earning Avios, or other airline miles, at the generous HSBC rates.


Want to earn more points from credit cards? – November 2020 update

If you are looking to apply for a new credit or charge card, here are my November 2020 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 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 (58)

  • Daftboy says:

    One of the criteria is an “investment, life insurance or protection product” – protection product would appear to include HSBC home insurance, and with a renewal due anyway I’ve just had a quote online for this for £71 for the year. The underlying insurer is Aviva, and my pending renewal with the same would be £150!

    Anyway, an option for anyone who doesn’t have £50k sloshing about to stick in an investment ISA….

    A question – is “annual income of £100k” gross or net?

  • Nathan says:

    Does anyone know if this can be a joint account and if so what the conditions are for that?

    • Genghis says:

      It can be but one of the individuals must meet the criteria – i.e. either salary of >£100k with investment product or £50k in investment product.

  • PeterC says:

    To be clear, the investment only needs to be > £50k if you DON’T meet the income criteria. Income is gross (they do a gross up calculation as part of the criteria check). I don’t have joint account so don’t know that angle.

  • Wayne Phillips says:

    Not much to do with miles but uou can get the £200 for switching accounts to HSBC without worrying about income for the Premier account etc. There’s quite a bit of money to be had in switching accounts over, and much less work than it seems. Go from one, to the next, to the next

    If you need to set up a direct debit, you can use lottery or a charity and cancel once the switch has gone through.

    Have a look on money saving expert

  • Steve Owen says:

    Upgraded today through HSBC Internet banking, card should be within the next few days, my existing HSBC Premier will be cancelled once this new elite card is active.

  • harry says:

    Or just work for them in mgt

  • Steve Owen says:

    Just wondering, when this new HSBC elite card arrives and my existing HSBC premier card is cancelled…..will I loose the free travel insurance & the extended guarantee that the old HSBC premier card offered….?? Would value thoughts on this.

    • Rob says:

      Travel insurance is a benefit of the Premier current account isn’t it? I have it despite not having the credit card.