What is the annual fee for the HSBC Premier Credit Card?

The HSBC Premier Credit Card has no annual fee.

What is the annual fee for the HSBC Premier World Elite Mastercard?

The HSBC Premier World Elite Mastercard costs £290 per year.

Which card has better rewards, HSBC Premier Credit Card or HSBC Premier World Elite Mastercard?

HSBC Premier Credit Card earns 1.5x HSBC Rewards per £1 spent. HSBC Premier World Elite Mastercard earns 3x HSBC Rewards per £1 spent. The better card depends on how you value each rewards currency.

Is the HSBC Premier Credit Card or HSBC Premier World Elite Mastercard better for small businesses?

It depends on your spend level. HSBC Premier Credit Card is best for No fee miles, HSBC customers, Casual travel. HSBC Premier World Elite Mastercard is best for Airline miles, Airport lounges, High spend.

HSBC Premier Credit Card vs HSBC Premier World Elite Mastercard

Side-by-side comparison for UK businesses

Feature	HSBC Premier Credit Card	HSBC Premier World Elite Mastercard
Annual fee	£0	£290
Monthly fee	None	None
Welcome bonus	20,000 reward points	60,000 reward points
Earn rate (default)	1.5x	3x
Rewards currency	HSBC Rewards	HSBC Rewards
Card type	personal	personal

Data last verified March 2026. Check issuer websites for the latest terms.

HSBC Premier Credit Card

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.

personal

Annual cost

Free

Earn rate

1.5x

Welcome bonus

20,000 reward points

Best for

No fee milesHSBC customers

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

View on issuer site

HSBC Premier World Elite Mastercard

HSBC's top-tier personal card. 60k welcome bonus, 3pts/£1 earn rate, and unlimited Priority Pass lounge access. £290/year and 2.99% FX fee. Requires HSBC Premier (£100k income or investments). Strong for airline mile collectors.