When it comes to the travel benefits and rewards for premium travel, the HSBC Premier Credit Card is quite impressive. This card is one which provides the utmost value to its users in response to the rewards it provides as well as the travel perks that it offers.
HSBC Premier Credit Card offers its clients not only the great opportunity to earn travel rewards but also offers them the security measures. When you learn more about this card, you will see why people who are smart with their spending opt for it.
Key information about the credit card
How does the annual fee work?
One of the features of HSBC Premier Credit Card is that it does not attract an annual fee. This is a major advantage particularly where one is in a position to obtain the high-end benefits without having to part with more money. Having no annual fee means that you will not have to worry about paying every year for the privileges that this card offers with regard to travel and other rewards, and you can keep on using it to get the best value.
How is the credit limit determined?
The credit limit that is issued to the HSBC Premier Credit Card holder depends on several factors. The factors that define the eligibility of the applicant are credit history, income and general financial state. A credit check is conducted by HSBC to determine the borrower’s creditworthiness and his or her capacity to pay back the borrowed sum. In the case of conventional credit cards, it is advisable to carry out this evaluation to set the right credit limit that one is in a position to manage.
Advantages of the credit card
- Unlimited rewards points with no expiration: This helps the cardholders to earn points and redeem them at their choice of time.
- No foreign transaction fees: Great for tourists and frequent travelers, this option will help you avoid being charged extra when using your card in other countries.
- Competitive variable APR: From the above, the following are some of the characteristics of a healthy church ranging from 21. 24% to 25. At 24%, it is still relatively on the higher side as compared to the other premium cards.
- TSA precheck credit: Get up to $85 back in statement credit every 54 months for the TSA precheck application fee.
- Mastercard travel rewards: Be able to get discounts from more than 15 countries with the best brands.
Standout advantage
A key plus of the HSBC Premier Credit Card is the all-encompassing travel privileges that come with the card. This card is particularly useful for the frequent traveler as it provides features such as no foreign transaction fees, TSA precheck credits, and 2x points on all travel. These features make it very useful for people who spend a lot of their time traveling, for work or for tourism.
Disadvantages
- High variable APR: Even so, the APR can be relatively high for those who have a poor credit standing than the average consumer.
- Strict eligibility requirements: However, there is a drawback in this regard that you need to have an HSBC Premier checking account to apply for this card which might not be available for all.
- Limited introductory offer period: The 35,000 rewards points offers is a great deal but it means one has to spend a lot of money within a given period of time.
A standout disadvantage
The major drawback of the HSBC Premier Credit Card is the limitation that one must have an HSBC Premier checking account. This can be disadvantageous for many applicants because this criterion can be a challenge, and therefore, they cannot be able to access the rewards that come with the card.
Who can apply for this card?
To redeem this offer and get the HSBC Premier Credit Card, there are several requirements that one has to meet. First of all, the customer should have an existing checking relationship with HSBC in the U. S. with a Premier account. This card is not standard for people with a bad credit history since it is associated with the requirement of meeting certain financial criteria.
How to apply for the HSBC Premier Credit Card
For the website
It is quite easy and quite convenient to apply for the HSBC Premier Credit Card through the website of the bank. First of all, make sure you have the account information of your HSBC Premier checking account with you. Go to the HSBC website and then to the credit cards tab then to the HSBC Premier Credit Card tab. Below, you will see the ‘apply now’ button.
Clicking this will take you to an application form. The following information must be provided: Your personal information and your financial information which include your name, address, place of work, and income.
To ensure that there is no delay or problem with your application, it is imperative to give correct information. Upon the completion of the form, submit it. After this, the bank will consider your application and if you are lucky to be granted a credit card it will be mailed to you.
Through the app
Another easy way of applying is through the use of the mobile app of HSBC on your smartphone. First, ensure that you haven’t installed the HSBC app for iOS or Android; if you have not, then you can download the app from the App Store or the Google Play Store respectively.
Use your HSBC online banking user ID and password to sign in. If you are not enrolled in online banking, you will first need to enroll for this service. After logging into the account, go to the credit cards and choose the HSBC Premier Credit Card. You will be walked through the application process through the app with the same questions as the website application for personal and financial information.
At the branch
Applying for a credit card it is always better to personally visit the HSBC branch for the application. Go to the nearest HSBC Wealth Center and report it to the customer service personnel. They will help you through the application process and may also offer some help and explanations for any questions you may have.
It is recommended to have your identification card, proof of income, and the banking information with you. Applying in person is convenient as one can get answers to any questions they may have, and the application is processed on the spot. Also, it will help you to describe other banking services which may be useful for you.
