The HSBC Premier Credit Card is a high-tier credit card offered by HSBC UK, exclusively for Premier account holders. Issued under the Mastercard network, it is designed for individuals who travel frequently, value rewards, and expect premium customer service and travel perks.
This article provides a complete analysis of the HSBC Premier Credit Card, including its main features, advantages, disadvantages, eligibility criteria, and how to apply. If you’re considering this card, this guide will help you make an informed decision.
Key features of the HSBC Premier credit card
The HSBC Premier Credit Card is a premium credit card with no annual fee. Despite its high-end positioning, cardholders enjoy the benefits of a Platinum-level product without paying yearly charges. It comes with the Mastercard logo, ensuring wide global acceptance. The card offers 0% interest on purchases for the first 9 months and on balance transfers for up to 18 months (2.99% transfer fee applies, minimum £5). After this period, the representative APR is 23.9% (variable).
Approval requirements
To qualify for the HSBC Premier Credit Card, you must be an HSBC Premier customer, which generally requires maintaining a high balance or meeting other specific banking relationship criteria. Additionally, applicants must be over 18 years old and reside in the UK. Credit approval is subject to status and affordability checks. You must not have applied for another HSBC credit card or received a credit limit increase within the past six months.
Benefits of the HSBC Premier credit card
The Premier Credit Card stands out due to its rewards program. Cardholders earn 1 point for every £1 spent in sterling and 2 points per £1 spent in foreign currencies. These points can be redeemed for shopping vouchers (Amazon, M&S, and more), airline miles (including British Airways, Emirates, and Qatar Airways), hotel stays, and even quality wines via Laithwaites. Travel perks are also a major draw. With Priority Pass, you gain access to over 1,600 airport lounges worldwide — just show your card at the door (entry costs £24 per visit).
Exclusive highlight
One standout feature of the HSBC Premier Credit Card is its extended warranty protection. On selected household purchases between £50 and £2,000 made entirely with the card, you receive two additional years of breakdown cover — at no extra cost. This benefit, provided by Domestic & General Insurance PLC, also includes accidental damage cover starting from the date of registration.
Disadvantages and important considerations of the HSBC Premier credit card
Although the card offers strong benefits, there are some drawbacks. The 2.99% non-sterling transaction fee for purchases made abroad adds to costs for frequent travelers. In addition, airport lounge access through Priority Pass is not complimentary — it requires a fee of £24 per person per visit. Another consideration is the exclusivity requirement. Only HSBC Premier account holders are eligible, which excludes a significant number of potential applicants.
How to apply for the HSBC Premier credit card
Applying for the card is straightforward, but it does require you to be an existing HSBC Premier customer. You can apply via the HSBC UK Mobile Banking app by selecting “Apply in app.” If using a desktop, you can scan a QR code provided on the website to begin the application on your mobile device. The process includes a credit assessment and verification of your Premier account status.
Who is the HSBC Premier credit card ideal for?
This card is an excellent choice for individuals who already have or are eligible for an HSBC Premier Account. Frequent travelers will especially benefit from the airport lounge access, international reward points, and travel discounts.
Moreover, those who frequently make purchases in foreign currencies can double their point earnings. If you are looking for a credit card with no annual fee but high-end features — including purchase protection, extended warranties, and versatile rewards — the HSBC Premier Credit Card could be the right fit.
