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Locked: HSBC World Elite MC (no-FTF) - 30k pts FYF (60k pts no FYF in QC)

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  • Feb 4th, 2021 9:35 am
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May 11, 2016
12 posts
52 upvotes
Saint-Romuald, QC

HSBC World Elite MC (no-FTF) - 30k pts FYF (60k pts no FYF in QC)

New World Elite Master Card from HSBC. Same as the Premier World Elite minus the Premier requierement and the 50$ Premier discount.
  • No foreign transaction fees
  • Earn 3% in travel rewards on all eligible travel purchases (6 Points per $1) and 1.5% in travel rewards on all other eligible purchases (3 Points per $1).
  • 31-day insurance coverage
  • $100 annual travel enhancement credit

Bonus points (excluding Quebec):
20,000 Welcome Bonus
10,000 Points when you spend $1,000 within 90 days of account opening
Plus, we'll waive the $149 annual fee for the first year3 (offer excludes Quebec residents)

Bonus points Quebec:
20,000 Welcome Bonus
40,000 Points when you keep your account open and in good standing for 90 days from account open date

https://www.hsbc.ca/1/2/personal/bankin ... mastercard
Thread Summary
Hsbc link

https://www.hsbc.ca/en-ca/credit-cards/ ... rld-elite/

Current promotion (september 8, 2020 till December 28, 2020)

100,000 points ($500 value) +FYF outside Québec + $100 travel credit (Tec)
- must spend $5,000 in 6 months

130,000 points must pay annual fee in Québec (net $500) + $100 travel credit
- no minimum spending, account must stay active for 180 days.

___

If you need to setup autopay minimum payment or statement balance for your HSBC MasterCard

HSBC Mastercard® Pre-Authorized Debit Plan (PAD plan)
- mail or fax
- minimum payment or full statement balance
- external Canadian account allowed (not only HSBC)
- one form per HSBC credit card

English
Authorization form : https://www.hsbc.ca/content/dam/hsbc/ca ... d-plan.pdf
Explanation / source: https://www.hsbc.ca/credit-cards/preaut ... ebit-plan/

French
Formulaire: https://www.hsbc.ca/content/dam/hsbc/ca ... lan-fr.pdf
Explanation / source: https://www.hsbc.ca/fr-ca/credit-cards/ ... ebit-plan/

--

HSBC reward points redemption
25,000 points minimum redemption, then 10,000 points increments:
- 25,000 points = $125 / 10,000 Avios / 9,000 KrisFlyer/ 8,000 Asia Miles
- 35,000 points = $175 / 14,000 Avios / 12,600 KrisFlyer/ 11,200 Asia Miles
- 45,000 points = $225 / 18,000 Avios / 16,200 KrisFlyer/ 14,400 Asia Miles
etc.

"Travel Purchase means a purchase at merchants that are classified in the Mastercard network as airlines, car rental agencies, hotels, cruise lines, passenger railways, tour operators, timeshares and travel agencies"

TEC
The annual $100 travel enhancement credit (TEC) can be redeemed against transactions coding as either airline or generic travel.
Most online travel agencies (e.g. Expedia) code as generic travel and are eligible for TEC.
More specific travel categories such as hotel, car rental etc. are not eligible for TEC.
1134 replies
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Jan 16, 2007
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Not horrible. Annoyingly have to go to a branch to pick up the card.
Banking: Alterna Bank (2.5%)
Investing: Qtrade Direct Investing
Spending: Scotia Amex Gold (6 pts/Sobeys, 5 pts/dining, 1 pts/rest), Scene Visa (1 pts)
Mobile: Eastlink 10GB Rollover ($45/mth)
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Feb 6, 2018
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finally! more competition!
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Jan 4, 2011
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Montreal
Wow. This seems like a pretty good offer to me. You get 3% back on travel (vs. 1% on the Scotia Passport Visa Infinite, which was my biggest gripe about that card). Sign-up bonus worth $300 for those of us in QC, with the only requirement being to make one purchase and keep the card open for 90 days!
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Feb 6, 2018
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annual travel enhancement credit: $100 every year
first year earn: $150 travel + $149 AF + $100 travel = $399
second year: $100 travel - $149 AF = $-49

that's a huge earn!

edited: wrong travel bonus (150 instead of 300)
Last edited by terracotta92 on Jun 14th, 2018 8:42 pm, edited 1 time in total.
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Oct 13, 2002
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efrant wrote: Wow. This seems like a pretty good offer to me. You get 3% back on travel (vs. 1% on the Scotia Passport Visa Infinite, which was my biggest gripe about that card). Sign-up bonus worth $300 for those of us in QC, with the only requirement being to make one purchase and keep the card open for 90 days!
But this is 0 passes instead of 6 passes for Airport lounges...

Also the $100 really isn't $100 in travel credit... it's "travel enhancement" Redeemable towards select airline seat upgrades, airline baggage fees and airport lounge passes.
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Jan 4, 2011
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ProfessorChaos wrote: But this is 0 passes instead of 6 passes for Airport lounges...

Also the $100 really isn't $100 in travel credit... it's "travel enhancement" Redeemable towards select airline seat upgrades, airline baggage fees and airport lounge passes.
Sure, no lounge passes, but you can use the $100 travel enhancement credit to get you three, if that's what you desire. I'd personally take the 3% return on travel vs. the 1% on the Passport and three extra lounge passes any day.
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Jan 4, 2011
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And you can also convert your points to Cathay Pacific, Singapore and British Airways at the following ratios:

25k HSBC Rewards (which is ~$4.2k spend on travel or ~$8.3k spend on non-travel) =

8k Asia Miles
9k KrisFlyer miles
10k Avios
Jr. Member
Apr 11, 2017
104 posts
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Is this one a metal card too?
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Dec 11, 2005
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terracotta92 wrote: annual travel enhancement credit: $100 every year
first year earn: $300 travel + $149 AF + $100 travel = $549
second year: $100 travel - $149 AF = $-49

that's a huge earn!
Does it mention anywhere on their site of how much are those 30K points worth? If by what you wrote above, $300 can be redeemed as statement credit toward everyday purchases or redeemable for travel related?
"You can't soar with the eagles if you're hanging with the turkeys - Gary Kent
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terracotta92 wrote: annual travel enhancement credit: $100 every year
first year earn: $300 travel + $149 AF + $100 travel = $549
second year: $100 travel - $149 AF = $-49

that's a huge earn!
??

I think you made a mistake there.

For QC residents, you get $300 signup bonus - $149 annual fee +$100 travel enhancement credit (if you use it), so = $251
For non-QC residents, you get $150 signup bonus + FYF + $100 travel enhancement credit (if you use it), so = $250
Last edited by efrant on Jun 14th, 2018 5:28 pm, edited 1 time in total.
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TorontoEh wrote: Does it mention anywhere on their site of how much are those 30K points worth? If by what you wrote above, $300 can be redeemed as statement credit toward everyday purchases or redeemable for travel related?
HSBC Reward points are worth 0.5 a piece, so 30k points is $150.

You can certainly redeem the points as a credit for travel purchases, but I'm not sure about everyday purchases.
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Dec 11, 2005
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efrant wrote: ??

I think you made a mistake there.

For QC residents, you get $300 signup bonus - $149 annual fee +$100 travel enhancement credit (if you use it), so = $251
For non-QC residents, you get $150 signup bonus + FYF + $100 travel enhancement credit (if you use it), so = $250
Nice, so this should definitely be a good churn card to apply for travel. It kind of remind of the Nat Bank's mc from 2015 that had fyf, 100 air travel credit and signup bonus.
"You can't soar with the eagles if you're hanging with the turkeys - Gary Kent
Jr. Member
Dec 15, 2014
178 posts
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Brossard, QC
According to website, the card also comes with free Boingo access.

Base earn 1.5%, travel earn 3%, no forex, free Boingo, 100$ annual travel enhance credit, sounds like a good deal for me. Might even be a keeper.
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Feb 10, 2018
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boiledmilk wrote: According to website, the card also comes with free Boingo access.

Base earn 1.5%, travel earn 3%, no forex, free Boingo, 100$ annual travel enhance credit, sounds like a good deal for me. Might even be a keeper.
Rogers WE @ 1.75% on everything. No fee.

OK insurances.
Jr. Member
Dec 15, 2014
178 posts
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Brossard, QC
Applied. Got a page saying:

Thank you for your interest in an HSBC Credit Card.
Your Reference Number is <blabla>

We have forwarded your application to one of our experienced representatives who will contact you in the next 2 business days. In the interim, if you have any questions, feel free to call us at 1-866-406-4722.
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Jan 4, 2011
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boiledmilk wrote: According to website, the card also comes with free Boingo access.

Base earn 1.5%, travel earn 3%, no forex, free Boingo, 100$ annual travel enhance credit, sounds like a good deal for me. Might even be a keeper.
Definitely a keeper for me. The 3% on travel and no f/x fee and insurance are exactly what I want in a travel card.
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Feb 6, 2018
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efrant wrote: ??

I think you made a mistake there.

For QC residents, you get $300 signup bonus - $149 annual fee +$100 travel enhancement credit (if you use it), so = $251
For non-QC residents, you get $150 signup bonus + FYF + $100 travel enhancement credit (if you use it), so = $250
fixed! i forgot they are valued 50 cents a piece.
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Jan 4, 2011
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terracotta92 wrote: fixed! i forgot they are valued 50 cents a piece.
It's still wrong. :) Why are you adding the annual fee in the first year?
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Apr 10, 2003
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How do you use their point? Charge travel on the card and apply point against the travel charge?

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