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.
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 miles and points from credit cards? Click here to visit our dedicated airline and hotel travel credit cards page or use the ‘Credit Cards Update’ link in the menu bar at the top of the page.)