HSBC + Rewards Mastercard vs HSBC World Elite Mastercard

By   |   Verified by David Boyd   |   Updated 15 Aug 2023

The main difference between the HSBC Plus Rewards Mastercard and the HSBC World Elite Mastercard lies in their interest rates, rewards structure, fees, and exclusive perks. While both cards offer rewards programs, they diverge significantly in terms of their annual fees and premium benefits.

Let's dive into the rewards game. The HSBC Plus Rewards Mastercard offers a solid rewards program, giving you points for every dollar spent, which you can later redeem for a range of exciting options. On the flip side, the HSBC World Elite Mastercard steps up the ante, showering you with richer rewards and a broader spectrum of redemption possibilities.

Speaking of fees, the Plus Rewards card takes a more budget-friendly approach with its annual fee, making it an appealing choice for those who want rewards without breaking the bank. Now, if you're looking for a card that doesn't hold back on the perks, the World Elite card commands a higher annual fee, but it's like gaining access to an exclusive club where premium benefits are the norm.

Hold onto your hats for the intro offers and bonuses! The HSBC Plus Rewards card might treat you to an enticing introductory offer, allowing you to score bonus points or maybe even enjoy a tempting interest rate deal. Meanwhile, the World Elite card steps up the game with a grander bonus, often coupled with a host of luxurious extras like airport lounge access and travel credits.

But here's where things get exciting – standout features. The HSBC Plus Rewards Mastercard keeps it grounded, serving up rewards on your everyday purchases, a reliable go-to for savvy spenders. Now, if you're a globetrotter or simply a fan of the finer things, the HSBC World Elite Mastercard rolls out the red carpet with its luxury travel benefits, concierge services, and more.

In a nutshell, both cards bring the heat in the rewards arena, but the HSBC World Elite Mastercard amps it up with a heftier annual fee and a lavish spread of exclusive perks. So, whether you're a points-collecting enthusiast or a jet setter seeking elite treatment, there's a card that suits your style and aspirations. Time to flex that plastic!

HSBC + Rewards Mastercard
 
HSBC World Elite Mastercard
 
Description
With its 11.9% p.a. interest rate on purchases, cash advances, and balance transfers, HSBC + Rewards Mastercard makes your everyday spending convenient and more rewarding.The HSBC World Elite Mastercard allows you to save on all your foreign currency purchases (including online) with no additional foreign currency conversion.
Basics
Additional Cardholders
44
Card Type
MastercardMastercard
Minimum Credit Limit
$500.00N/A
Maximum Credit Limit
N/AN/A
Sign up bonus
Signup Bonus Points
N/AN/A
Signup Bonus Points Required Spend
N/AN/A
Signup Bonus Points Required Spend Terms
N/AN/A
Rewards
Rewards Program
HSBC Plus RewardsHSBC World Elite Rewards
Domestic Rewards Points Earn Rate
12.00
Benefits
Airport Lounge Access Included
NoYes
Concierge Service Included
NoNo
Cardholder's International Travel Insurance
NoYes
Complimentary Flight Voucher Included
NoYes
Introductory balance transfer
Balance Transfer Rate
11.9%22.99%
Balance Transfer Period
N/AN/A
Balance Transfer Fee
N/AN/A
Balance Transfer Limit
N/AN/A
Balance Transfer Revert Rate
N/AN/A
Ongoing rates
Cash Advance Rate
11.9% p.a.22.9% p.a.
Purchase Rate Ongoing
11.9% p.a.19.9% p.a.
Ongoing fees
Annual Fee Ongoing
$25.00$149.00
Foreign Exchange Fee Percentage
2.5%0%
Late Payment Fee
N/AN/A
Overseas ATM Withdrawal Fee
$5.00$5.00
Digital wallets
Apple Pay Enabled
YesYes
Google Pay Enabled
YesYes
Samsung Pay Enabled
YesYes
Eligibility
Available To Existing Customers
NoNo
Minimum Age
18 years18 years
Minimum Credit Rating
GoodGood
Minimum Income
N/A$80,000.00
Temporary Residents Accepted
YesNo