HSBC has launched a secret 25% bonus on conversions of HSBC Premier credit card points to Avios.
I say ‘secret’ because no announcement has been made. HSBC has form on this front, however – when it last did an Avios conversion bonus it never told anyone.
We have no idea how long it lasts. Back in 2018 and 2019 it ran similar offers in August which ended on 31st August, although those offers had started on 1st August. This one didn’t start until mid-month.
If you want proof that a bonus is running, take a look at this Flyertalk thread. You will see a screenshot there from someone who accidentally got the bonus after making a planned transfer. Other users did trial transfers of their own and also received the bonus.
Are the HSBC Premier credit cards a good way of earning Avios?
The two HSBC Premier credit cards are very generous. The snag is that you need to have a HSBC Premier current account to get them. Whilst Premier is free, the income and/or savings requirements are high as you can see here.
The free HSBC Premier Mastercard, reviewed here, earns:
- 0.5 Avios
- 0.5 Asia Miles
- 0.5 Singapore Airlines Krisflyer miles or
- 0.5 Etihad Guest miles
…. per £1 spent in the UK. This rate is double for overseas spending.
Note that the credit card earns 1 HSBC point per £1 spent (2 HSBC points per £1 spent abroad) and these convert at 2:1 into airline miles. Don’t get confused by the HSBC earning rate and the equivalent airline miles earning rate.
The £195 per year HSBC Premier World Elite Mastercard, reviewed here, earns 1 mile per £1 spent in the UK (2 HSBC points per £1) and double this when abroad.
The card also comes with airport lounge access via LoungeKey. The World Elite card is less good for families who want lounge access than Amex Platinum as your HSBC card only gets the main cardholder into an airport lounge.
You can pay £60 to give your partner a supplementary card for a year to get them in, but there is no way to get children into airport lounges for free. Amex Platinum, on the other hand, gets a family of four into a lounge.
You also get comprehensive travel insurance as part of the HSBC Premier current account, which makes this an interesting alternative to The Platinum Card from American Express for couples or solo travellers.
Disclaimer: don’t blame us
Whilst HSBC Premier is clearly running a 25% bonus on transfers of HSBC points to Avios, there is some risk in this:
- we don’t know when the offer ends, although no-one has reported getting the bonus who transferred before last Monday and I doubt it would end in under a week
- everyone who has reported in the Flyertalk thread has a World Elite card. Two HfP readers have told me that they got the bonus on the free card, although I haven’t seen screen shots.
If you don’t get the bonus, you can’t complain to HSBC and you won’t get very far with us either!
If HSBC does make a formal announcement about an Avios transfer bonus, we’ll mention it in a ‘Bits’ article.
Want to earn more points from credit cards? – January 2022 update
If you are looking to apply for a new credit or charge card, here are our January 2022 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 top current deals.
There are special sign-up bonuses on both of the BA American Express cards until 28th February 2022. The bonus on the free card is doubled to 10,000 Avios and the bonus on the Premium Plus card is increased from 25,000 Avios to a huge 40,000 Avios.
British Airways American Express
10,000 Avios for signing up (SPECIAL OFFER) and an Economy 2-4-1 voucher for spending ….. Read our full review
British Airways American Express Premium Plus
40,000 Avios (SPECIAL OFFER) and the UK’s most valuable card perk – the 2-4-1 voucher Read our full review
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
The Platinum Card from American Express
30,000 points and an unbeatable set of travel benefits – for a fee 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.
The bonus on the Capital On Tap card is increased from points worth 10,000 Avios to 30,000 Avios until 4th February 2022.
The bonus on the British Airways Accelerating Business card is increased from 30,000 Avios to 45,000 Avios until 28th February 2022.
American Express Business Gold
20,000 points sign-up bonus and free for a year Read our full review
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
45,000 Avios sign-up bonus – plus annual bonuses of up to 30,000 Avios Read our full review
Capital On Tap Business Rewards Visa
30,000 points bonus – the most generous Avios Visa for a limited company Read our full review
For a non-American Express option, we also recommend the Barclaycard Select Cashback card for sole traders and small businesses. It is FREE and you receive 1% cashback on your spending.
Apply 31st March 2022 and your cashback will be increased to 2% for the first three months.