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HSBC Premier Credit Card

The HSBC Premier Credit Card offers 0% p.a. for 12 months on balance transfers. Ongoing benefits include Rewards Plus Points earned on eligible purchases, and complimentary travel insurance.


Updated 3 July 2025


Fact checked and verified. Updated 3 July 2025
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Expert Review

The HSBC Premier credit card is HSBC's premium Rewards Plus product. Featuring a relatively high points earn rate, the card provides premium features such as insurances. Of the 200+ credit cards reviewed by Stay or Go, this card ranks among the best 10% for earning $100 back in value, such as on a gift card, for an average spend of $5,000 per month. Further, the product has a $199 annual fee, including up to 55 interest free days.

Considering its key features, this card is most suitable to someone who wishes to be rewarded for their spend. Other benefits include Overseas Travel and Medical Insurance which is similar to equivalent products and no additional cardholder fees.

Balance Transfer and $0 Annual Fee in first year.
For a limited time the HSBC Premier credit card has a special 0% p.a. Balance Transfer offer for 12 months. Of note, there is also a 2% p.a. Balance Transfer fee which should be considered when evaluating the overall benefit of this offer. In addition, the product also has a $0 annual fee in first year, which is a saving of $199. To get this offer, there will be certain eligibility criteria that you should be aware of before you apply.

Product Details
Your choice of rewards program and earn points with everyday spend."
- HSBC
Rewards

•

Earn Rewards Plus Points

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1.5points per $1 spent

•

180,000 annual points cap

Fees
Account Fees

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$199 annual account fee

Transaction Fees

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3.00% international transaction fee

Other fees may apply.

Rates

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19.99% p.a. variable purchase rate

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21.99% p.a. variable cash advance rate

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Up to 55 interest free days on purchases

Features
Insurance

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Domestic and International Travel Insurances

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Rental Vehicle Insurance Excess Cover

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Transit Accident Insurance

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Extended Warranty Insurance

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Guaranteed Pricing Scheme

•

Purchase Protection Insurance

Offers
Balance Transfer Offer

0% for 12 monthson balance transfers (2.00% BT fee applies), reverts to 21.99% p.a.

$0annual fee in first year

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TMD

Before applying for this product, you should read the Target Market Determination (TMD) available here on the HSBC website.

Alternative Credit Cards
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^ Credit card reward programs can be difficult to compare due to tiered and capped points earn rate structures. To simplify comparison, we estimate the number of points you could earn per $1 spent, assuming $5,000 of spend on eligible purchases each month.
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