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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? – October 2021 update

If you are looking to apply for a new credit or charge card, here are our October 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.

The following offers will end soon:

  • 10,000 Avios on British Airways American Express (ends 2nd November)
  • 40,000 Avios on British Airways American Express Premium Plus (ends 2nd November)
  • 60,000 points on The Platinum Card from American Express (ends 2nd November)
  • 30,000 points on American Express Preferred Rewards Gold (ends 9th November)

Here are the top current deals:

British Airways BA Amex American Express card

British Airways American Express

10,000 Avios for signing up, no annual fee and an Economy 241 voucher for spending ….. Read our full review

British Airways BA Premium Plus American Express Amex credit card

British Airways American Express Premium Plus

40,000 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 – 30,000 points, FREE for a year & two airport lounge passes Read our full review

American Express Platinum card Amex

The Platinum Card from American Express

60,000 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

60,000 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)

  • Harry T says:

    Anyone considering transferring should make the smallest possible transfer first, as a test, unless you are happy converting your entire balance to Avios without a bonus. I doubt you will have much luck persuading HSBC you should have received a bonus if all the evidence you have is this article…

  • Terry Semmence says:

    Following on from Rob’s Tweet about this a few days ago, I asked HSBC if there’s a bonus on WE transfers to Avios, they said no. Though of course it might be super secret…

  • Sina says:

    Is this just for UK cards or is it usually global? 🤓

  • Doug M says:

    What is the logic with something like this? Someone, HSBC or Avios is ‘paying’ for this additional 25%. If you don’t publicise it you’re not really changing behaviour so why?

    • The Savage Squirrel says:

      Good question. Lazy coding/IT? Someone dumped in a *1.25 multiplier between x and y dates from a previous promo but didn’t specify only for 2020 or whatever as they thought they’d just remove it at the end of the promo… and then forgot to remove it.

      • Andrew M says:

        It is bizarre. As far as I know they have never had a transfer bonus promotion that started mid month. I made a small test HSBC to Avios transfer on the 2nd of August and it didn’t attract any bonus so it definitely wasn’t working at the start of the month.

  • Pete says:

    Hi HFPs – DId you miss last months 40% offer?

  • Berni B says:

    Nice bonus
    As many airline lounges remain shut (as ‘cost centres’), the LoungeKey on the World Elite is a huge benefit (commercial lounges are open as they are ‘profit centres’).

    Much as HFP drones on about how amazing Amex is, no amount of waving your £250 BA Amex will get you into LoungeKey.

    After dumping Amex HSBC gives not dissimilar avios with these bonuses, better wider lounge access, a lower fee, a more widely accepted card, and among other things hard to put a price on, a phone line answered by U.K. based employees for whom English is their first language.

    • Harry T says:

      They are pretty good on the phone, to be fair. I agreed the product is free nearly good value, especially if using lounge access a lot. Although you obviously need to pay £60 a year for the supplementary card if bringing a companion to the lounge.

    • Russ says:

      Interesting. I’d like a card that rewarded cash paying J customers with something other than Keys or Passes we can’t use. My reoccurring moan is having to queue behind droves of economy passengers with Key’s/Passes; each personally needing to be told by the gate dragon why they can’t go in because they’re full.

  • Andrew M says:

    Is anyone else having trouble logging into their HSBC account right now? I haven’t been able to access it in the app or online for the last hour or so.

  • Tical says:

    Did a large transaction on the 12th (posted on the 14th) – no bonus unfortunately (WE card)

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