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HSBC Premier MasterCard credit card reviews

HSBC Premier MasterCard credit card details and credit card application link.

HSBC Bank has over 140 branches on the territory of Canada. It is a subsidiary of HSBC Holdings PLC, one of the biggest and most powerful financial institutions in the world. HSBC’s products are tailored to fit individual needs and guarantee flexibility in view of the dynamics of modern life.

Clients can use their HSBC Premier MasterCard at over 24 million locations globally. No annual fee is charged. Its extensive credit limit is perfect for people who want to enjoy life and live large. This advantage is coupled with low interest rates on purchases and cash advances – 12.9 percent and 9.9 percent respectively. Interest accumulates on convenience checks and balance transfers from the date they are registered at the account. The interest rate on balance transfers is 9.9 percent as well. The grace period for new purchases is 23 days from the date on the account statement. Each account statement typically covers a period between 28 and 33 days. There is a $2.00 fee on previous statement and sales slip replacement, $2.00 fee on cash advances at an ATM in Canada (bearing the MasterCard or Cirrus brand) and $4.00 on cash advances at an ATM outside Canada. In addition, HSBC charges a $3.00 fee on over-the-counter cash advances at a financial institution in Canada and $5.00 outside Canada. A fee of $2.75 applies to purchases of money orders, wire transfers, foreign currency, travelers’ checks, bets and lottery tickets. There is a $20.00 penalty fee if your balance exceeds the set credit limit and $25.00 penalty for each dishonored check or returned convenience check. Also, 2.5 percent is charged on the converted amount for transactions in a foreign currency along with the general MasterCard conversion rate. There is an additional fee of $5.00 on checks written to a commercial enterprise outside Canada. The HSBC Premier MasterCard includes travel and medical insurance. You can also opt for CreditCare Insurance which grants additional coverage.

The Premier MasterCard is perfect for open-minded travelers. It is internationally accepted and gives access to amenities around the globe. Membership to its comprehensive rewards program is absolutely free. Among its benefits are excellent offers for travel, entertainment, dining and shopping, emergency cash advances of $2,000 U.S. dollars, urgent replacement if your card is lost or stolen, additional credit cards for you or dependents with a credit limit you control, and emergency assistance. You can choose between two reward programs - HSBC Cash Back Rewards or HSBC Travel and Merchandise Rewards. If you opt for the latter you can get a 1 percent rebate on most items charged to the card. This excludes cash advances and interest charges or fees. With the former you will get a wide variety of merchandise or the pleasure of traveling around the world.

There are plenty of other rewards cards offered on the Canadian financial market; so, why not compare? The Capital One Aspire MasterCard goes with no annual fee and annual interest rate of 19.8 percent on cash advances, balance transfers, and purchases. This card is a good choice for persons who have good or excellent credit rating, have a household income of $30,000 or more, and spend over $1000 a month. Card holders earn one reward mile for every dollar spent. On their first purchase, clients automatically earn a welcome bonus of 5000 rewards miles.

Credit Card Details
NameHSBC Premier MasterCard Apply Now
Interest Rate12.9%
Annual Fee$0
Cash BackYes
Low InterestYes
Auto and GasNo
Instant ApprovalNo
Balance TransferYes
US DollarNo
No Annual FeeYes