If you love travelling, you’re going to love what the  HSBC World Elite Mastercard Credit Card has to offer. You receive an annual $100 travel enhancement to go towards travel costs.  And perhaps most importantly, you don’t pay any fees on foreign transactions. If you’ve travelled and used your card abroad, the foreign transaction fees can sometimes be mind-blowing.

You also get points on purchases that you can use towards travel expenses. Additionally, you get access to Mastercard Airport Experiences provided by LoungeKey (fees apply). Of course there might be many reasons you need a credit card, some of those reasons might not include rewards and points. If you need a card to help you get through a rough patch there are other factors you will need to weigh.

You will need to look into things like interest fees, annual fees, cashback fees and more. The key is to know exactly what your goals are for your card. Once you know your goals, you’ll be able to match your goals to the right credit card. Our team has dived into the HSBC World Elite Mastercard Credit Card and the details are below. Make sure you go through all of the sections before deciding whether or not this card is right for you.

HSBC World Elite Mastercard®

What are the Benefits of an HSBC World Elite Mastercard?

If you love travelling, this credit card should be on your radar. You will get to transact without having to worry about foreign transaction fees. Furthermore, you’ll also get a $100 annual travel enhancement credit that can be redeemable towards select airport lounge passes, seat upgrades and airline baggage fees.

Among other rewards that you will enjoy are 6 points per $1 on all eligible travel purchases, and 1.5% in travel rewards on all other eligible purchases that you make, which is 3 points per $1. Are you worried about the safety of your credit card? worry no more because they have 24⁄7 standby assistance ready to help you in case your card is stolen or misplaced.

Do you love shopping? Then this credit card is meant for you. You can pair your credit card with Apple Pay, use Tap & go, and receive Zero liability protection for unauthorized card usage to make your shopping experience seamless. 

As you travel, HSBC assures you that they have your back in case of any issues with their 31-day Worldwide Emergency Travel Medical insurance. Even if it is a slight migraine, give them a call, and they will be at your service. Note, however, that this does not cover travel in Cuba. This credit card comes with other amazing perks, too, such as financial rewards, gift cards, rewards for miles and so much more.

What Are the Fees for an HSBC World Elite Mastercard?

Any time you borrow money, you must expect to pay a fee. That same rule goes for when you borrow money from a credit card. Check out the fees associated with using the HSBC World Elite Mastercard below. 

  • Purchases and fees 19.9%
  • Cash advances 22.9%
  • Balance transfers 22.9%
  • Cheques 22.9%
  • Foreign currency conversion 0%
  • Interest rates can increase by 5% if you don’t meet minimum payment two billing periods in a row
  • Annual fees: $149 primary card fee with $50 fee for each additional Authorized User on your Account

For more detailed information about their fees, go to the HSBC Bank website and check out the summary box. If you are looking for an easy to use, reliable credit card that offers low fees and travel rewards, the HSBC World Elite Mastercard Credit Card might be a good choice. You can find out how to apply for the card below. 

HSBC World Elite Mastercard

How to Apply for an HSBC World Elite Mastercard

As long as you are eligible, applying for this credit card is straightforward. It will take you a few minutes to complete the application process. To qualify, you must be a Canadian resident with an individual annual income of $80,000, have a $150,000 household income, or have a minimum of $400,000 in assets under management.

You also must be the age of majority in your province of residence. You can apply at a branch in person or online. For more information on eligibility and how to apply, check out the HSBC Website to find out more.

If successful, you’ll be assigned a credit limit and other promotions based on your monetary circumstances.

How to Contact HSBC Canada

Head office

3381 Steeles Ave E.

North York, ON M2H 3S7, Canada

Telephone: 1-866-406-4722

Note: There are risks involved when applying for and using a credit card. Consult the bank’s terms and conditions page for more information.