HSBC Elite – How to Apply

By Raquel Oliveira • 03/07/2025

HSBC Elite credit card Premium rewards and exclusive luxury perks.

The HSBC Elite Credit Card is a top-tier credit card that rewards users for dining, travel, and entertainment, offering 3% cash back in those categories and 1% on all other purchases. 

With no foreign transaction fees, access to exclusive travel benefits, and a comprehensive set of premium services, this card is a strong option for individuals who want to make the most of their purchases while enjoying the luxury that comes with premium cards.

Whether you’re booking a flight, dining at a high-end restaurant, or enjoying entertainment experiences, the HSBC Elite card offers great value. In addition to cash back, the card provides travel insurance, airport lounge access, and concierge services.

These added perks make it a perfect choice for frequent travelers and those who want to enjoy an elevated experience.

How does HSBC Elite work?

The HSBC Elite Credit Card is a high-tier rewards card designed for frequent travelers and high spenders. Every purchase earns points, which can be redeemed for travel, cashback, or luxury experiences, maximizing its value for users.

One standout feature is its higher reward rates for travel and dining. Cardholders earn extra points when booking flights, hotels, or dining out, making it especially useful for those who frequently spend in these categories.

In addition to rewards, the card offers premium benefits like annual travel credits and airport lounge access. These perks add comfort and convenience to your trips while helping reduce travel-related expenses throughout the year.

To qualify, applicants must have an HSBC Premier checking account. This requirement makes the card more exclusive, ensuring that it caters to individuals with a well-established banking relationship and higher financial stability.

Main benefits for the HSBC Elite

One of the top benefits of the HSBC Elite Credit Card is its generous rewards program. You earn points on every purchase, with extra rewards for travel and dining expenses. These points can be used for flights, hotel stays, and even statement credits.

A major advantage is the $400 annual travel credit, which can be applied to flights, hotel stays, and car rentals. This perk alone can help offset the card’s annual fee for frequent travelers.

Another standout benefit is access to over 1,000 airport lounges worldwide. If you travel often, this perk provides a comfortable waiting area with free Wi-Fi, snacks, and drinks.

The card also includes a 24/7 concierge service, giving you personalized assistance with reservations, travel plans, and special events. This feature is great for those who enjoy VIP treatment and exclusive experiences.

Cons for the HSBC Elite

The HSBC Elite Credit Card offers valuable benefits, but it may not be ideal for everyone. One of its biggest downsides is the $495 annual fee, which can be expensive if you don’t use the card’s perks frequently.

Another drawback is that you need an HSBC Premier checking account to apply. If you’re not already a Premier customer, you’ll need to open an account, which can require maintaining a high balance.

The card also has a relatively high APR, ranging from 20.24% to 24.24%. If you carry a balance, you could end up paying significant interest charges, making it less appealing for those who don’t pay off their balance in full each month. 

APR and Fees

The HSBC Elite Credit Card comes with a $495 annual fee, which is high compared to many other rewards cards. However, for those who maximize its travel benefits, the perks may outweigh the cost.

The card has a variable APR between 20.24% and 24.24%, depending on your credit profile. If you don’t pay your full balance each month, the interest can add up quickly.

One advantage is that this card does not charge foreign transaction fees. This makes it a good option for those who frequently travel internationally, as many other credit cards charge extra fees for purchases made in foreign currencies.

How to Apply for the Fit Mastercard

To apply for the HSBC Elite Credit Card, you must first be an HSBC Premier checking account holder. If you don’t already have an account, you’ll need to open one before applying for the card.

Once you have an HSBC Premier account, you can apply online through HSBC’s website. You’ll be required to provide personal and financial details, such as income and employment information. HSBC will then review your application and determine if you qualify.

If approved, your new card will be mailed to you, and you can start using it immediately. HSBC Premier customers may have a quicker application process by applying through their online banking account.

Is the HSBC Elite Credit Card Worth It?

The HSBC Elite Credit Card is a strong choice for travelers who want premium benefits like lounge access, travel credits, and high reward points on travel and dining.

However, the high annual fee and HSBC Premier account requirement make it less accessible for casual users. If you don’t travel frequently or prefer a lower-cost credit card, there may be better options available.

Before applying, consider how often you travel and whether you’ll take full advantage of the card’s perks. If the benefits align with your spending habits, the HSBC Elite Credit Card can provide excellent value.

Conclusion

The HSBC Elite Credit Card is a premium travel credit card designed for individuals who want exclusive perks, high rewards, and travel benefits.

With complimentary lounge access, travel credits, and a generous welcome bonus, this card is well-suited for frequent travelers who want luxury experiences.

However, the high annual fee and HSBC Premier checking account requirement may limit its accessibility. If you travel occasionally or prefer a lower-cost rewards card, this may not be the best option.

For those who want premium perks, top-tier rewards, and valuable travel benefits, the HSBC Elite Credit Card is a solid choice.