Free companion to the World Elite — same airline transfer partners but half the earn rate and pay-per-visit lounges. Good for HSBC Premier customers who don't want to pay £290/year but still want to collect transferable miles.
Annual fee
Free
APR
24.9% variable
FX fee
2.99%
Welcome bonus
20,000 reward points
Earn rate
default1.5x HSBC Rewards
foreign2x HSBC Rewards
Pros & cons
Pros
- No annual fee — free to hold
- Same airline transfer partners as World Elite
- 20k welcome bonus for just £2k spend
Cons
- 2.99% FX fee eats into foreign spend value
- Pay-per-visit lounge access (£24/visit)
- Requires HSBC Premier eligibility
Key benefits
- No annual fee
- 1.5 points per £1 sterling, 2 points per £1 non-sterling
- Priority Pass lounge access (£24 per visit)
- Transfer to BA, Emirates, Etihad, Qatar Airways, Air India
- Travel insurance via HSBC Premier Account
- Up to 5% cashback at Apple Store
