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Get a 25% bonus on HSBC Premier credit card points conversions to Avios

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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? – December 2021 update

If you are looking to apply for a new credit or charge card, here are our November 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 top current deals:

British Airways BA Amex American Express card

British Airways American Express

5,000 Avios for signing up, no annual fee and an Economy 2-4-1 voucher for spending ….. Read our full review

British Airways BA Premium Plus American Express Amex credit card

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

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.

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

30,000 Avios sign-up bonus – plus annual bonuses of up to 30,000 Avios 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

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:

Barclaycard Select Cashback Credit Card

1% cashback and no annual fee Read our full review

Comments (71)

  • DJ says:

    Thanks for the heads up.

    Just emptied my HSBC points! Will report back after.

  • DC says:

    Appears to be the paid for world elite only. Not available on the unpaid premier card

  • Dan says:

    Fingers Crossed…Emptied mine last night in the hope that reports are true.

  • Froggee says:

    I think I might hold back because of Krisflyer but will tell the Mrs to empty hers.

  • Alan Gregg says:

    Thanks for that, I’ve been meaning to empty my WE points!

  • Aliks says:

    Excellent timing, I was just on the point of transferring all my points so that I can cancel the World Elite card.

    With only a few flights planned, and limited lounges available for those flights, its impossible to justify the annual fee, even with the added benefit of stacking up card payments into the WW card.

    • Alan S says:

      I don’t think there is an annual fee at the moment? They waived it for a couple of years.

      • Colin says:

        Just after I paid in this years they announced the waiver .. at that point it was only for one year… would great if they extend. Not making use of the card but good earning rate with generally better spending routes than Amex.

      • Hbommie says:

        For existing card holders I believe, I’ve just paid the fee as a new card holder. I did ask before taking out the card and they said no waiver for me.

  • Alan S says:

    How do you make a transfer from the WE card? Is it call only?

    • Tariq says:

      In online banking (desktop site) click on the points number in your credit card page, then airline transfers.

      • Alan S says:

        Perfect. Thanks.

        I’d built up 525,000 but didn’t actually know how to convert them.

        • Russell Evans says:

          Just be careful, last time I tried to transfer a balance that significant, there was a problem with doing sizeable transfers >100K. Best to do in batches less than 99,998 points

          • Russell Evans says:

            As a follow-up, just gone in to do my transfer and the message says “You can only redeem up to 199,996 points at a time. If you want to redeem more, then please repeat the process”

          • Alan S says:

            I’ve followed their own limit, so hopefully there are no issues there.

  • Tom says:

    Good news! Just took a punt and cleared out my account..let’s see what happens!

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