The HSBC Premier Mastercard is a prestigious credit card designed for HSBC Premier customers, offering an array of benefits and features tailored to meet the needs of discerning clients. With its robust rewards program, extensive travel privileges, and added perks such as cash rebates and digital health services, this card stands out as a top choice for frequent travellers and high-spending individuals.
This comprehensive review will delve into the key features, pros and cons, and how the HSBC Premier Mastercard compares to other premium cards on the market in 2024.
TL;DR HSBC Premier Mastercard Review 2024
If you are short on time, here’s a quick summary of the HSBC Premier Mastercard. This card offers substantial benefits, including up to 5% cash rebates on essential categories like dining, groceries, petrol, and transport, provided you spend a minimum of SGD 600 monthly. The rebates are capped at SGD 150 per month, potentially offering up to SGD 1,800 in annual savings. Additional perks include 1 Reward point per dollar spent, comprehensive travel insurance, a complimentary global data roaming pass, and no annual fee. It’s an excellent choice for HSBC Premier customers looking for a well-rounded credit card with substantial travel and lifestyle benefits.
HSBC Premier Mastercard Pros
- High Cash Rebates: Up to 5% cash rebates on essential spending categories with a cap of SGD 150 per month.
- Robust Rewards Program: Earn 1 Reward point for every dollar spent, with a variety of redemption options.
- Travel Benefits: Comprehensive travel insurance, global data roaming pass, and access to exclusive travel offers.
- No Annual Fee: Perpetual waiver of the annual fee.
- Supplementary Cards: Up to five supplementary cards at no additional cost.
- Digital Health Services: Complimentary access to telemedicine services.
- Exclusive Discounts: Substantial savings on petrol and other promotions.
HSBC Premier Mastercard Cons
- Rebate Cap: Cash rebates are capped at SGD 150 per month, which might limit benefits for high spenders.
- Eligibility Requirements: Requires HSBC Premier status and specific income or collateral, which may be restrictive for some applicants.
- Minimum Spend Requirement: Need to spend at least SGD 600 monthly to qualify for cash rebates.