Maximise your Avios, air miles and hotel points

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

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HSBC has launched a new 25% bonus on conversions of HSBC Premier credit card points to Avios.

This offer tends to come around every year or so and, 11 months on, here we are again. It has never been targetted in the past but be wary if you don’t see any mention of it online – perhaps try a very tiny test.

HSBC has published full T&C which isn’t always the case. One year they ran the bonus and never announced it at all, with people only finding out by chance it was running!

HSBC Premier to Avios points transfer bonus

What are the rules for the HSBC Premier Avios bonus?

It’s a simple one.

The offer runs from 3rd June to 17th July 2024.

You will receive a 25% bonus on all transfers from HSBC Premier credit cards to Avios.Your base Avios will arrive instantly, as with all other HSBC airline and hotel transfers. In theory the bonus Avios take 14 days to arrive, but in previous years the bonus turned up instantly or very quickly.

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 1 HSBC point per £1 spent (2 HSBC points per £1 spent abroad) and these convert at 2:1 into airline or hotel points.  This means that you are getting 0.5 airline miles or hotel points per £1 spent in the UK. Don’t get confused by the HSBC earning rate and the equivalent airline miles and hotel points earning rate.

The £195 per year HSBC Premier World Elite Mastercard, reviewed here, earns 2 HSBC points per £1 spent in the UK (1 airline mile or hotel point per £1) and double this when abroad.

You can transfer your HSBC Premier points into the following airline schemes:

  • Asia Miles
  • British Airways Executive Club
  • Emirates Skywards
  • Etihad Guest
  • EVA Air MileageLands
  • Finnair Plus
  • Flying Blue (Air France KLM)
  • Qantas Frequent Flyer
  • Singapore Airlines KrisFlyer
  • TAP Miles&Go
HSBC Premier to Avios transfer bonus

There are two hotel partners:

  • IHG One Rewards
  • Wyndham Rewards

All conversion rates are 2:1 from HSBC points. This means that the IHG and Wyndham transfer rates are terrible value. A hotel point is generally worth about 2/3rd less than an airline mile, but HSBC requires 2 HSBC points irrespective of which partner you choose.

The World Elite £195 credit card also comes with airport lounge access via Priority Pass.  The World Elite card is less good for families who want lounge access than American Express 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.  American Express 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.

Conclusion

HSBC Premier’s semi-regular annual Avios conversion bonus is on! If you had been waiting for this before you transferred any points, now is the time.

Remember that there is a ‘hard’ 3-year expiry on HSBC credit card points. If you have any coming up for expiry, this is one way of using them up.

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