Annual fee
£0
Rewards rate
2%-1%
Welcome Bonus
40,000 reward points
Apply Now →on HSBC's website
Regular APR:26.9% APR (variable)
- 2%Points on foreign currency spend
- 1%Points on UK spend
Welcome Bonus:
Receive 40,000 reward points when you spend £2,000 in the first 90 days.
Reward Rate:
Earn 2 points for every £1 spent in foreign currency and 1 point for every £1 spent in the UK.
APR:
26.9% APR (variable)
A key differentiator is its lack of an annual fee, making the HSBC Premier Credit Card an excellent choice for those who want to earn rewards without the burden of high costs.
Pros:
- No annual fee
- Good rewards on foreign spend
Cons:
- Limited benefits compared to premium cards
- Requires Premier account
The HSBC Premier Credit Card is well-suited for individuals seeking a no-annual-fee option to earn rewards on their spending, particularly those who can benefit from the 40,000 welcome bonus and the up to 2% reward rate. Its features may appeal to frequent travelers and those looking for a cost-effective way to maximize rewards without incurring additional fees.