HSBC Premier Credit Card offers rewards, lounge access and no annual fee.
The card is built for HSBC Premier customers who want travel value, reward points and a premium credit card experience without paying an annual card fee.
It can work well for people who already use Premier banking and want one card for everyday spending, overseas purchases and travel-related benefits.
However, it is still a credit product. Credit is subject to status, affordability, and the issuer's terms and conditions. Users should review the official documents before applying.
HSBC Premier Credit Card
Reward points No annual feeMain Benefits
The main appeal is the mix of rewards, travel privileges and no annual fee. Eligible customers can earn points on purchases and later exchange them with selected airline, hotel, travel and leisure partners.
HSBC currently states that cardholders earn 1.5 reward points for every £1 spent in sterling. Spending in another currency earns 2 reward points per £1, although a 2.99% non-sterling transaction fee applies.
The card also includes airport lounge access through Priority Pass. Lounges charge £24 per person per visit, and access remains subject to availability.
For a limited time, HSBC also advertises 30,000 reward points when eligible customers spend £2,000 in the first 90 days of card membership. The offer ends 23 July 2026.
How Does It Work
The card works as a rewards credit card linked to HSBC Premier eligibility. Purchases can earn reward points, while the monthly balance must be managed in line with the credit agreement.
Points can be converted into airline miles with partners such as British Airways, Emirates, Etihad, Qatar Airways and Air India. They can also be exchanged for hotel stays, shopping vouchers and charity donations.
The representative purchase rate is 29.9% p.a. variable, with a representative 29.9% APR variable based on an assumed credit limit of £1,200.
This means the rewards may be most useful for customers who pay attention to fees, repay responsibly and already qualify for the wider Premier relationship.
Costs, Fees and Key Conditions
HSBC lists no annual fee for this card. That makes the product attractive for Premier customers who want reward points and travel benefits without a separate yearly card charge.
There are still important costs to understand. Non-sterling purchases carry a 2.99% fee. Cash withdrawals in sterling also have a 2.99% fee, with a minimum fee of £3.
Airport lounge visits are not free. Priority Pass access is available, but each lounge visit costs £24 per person and depends on availability.
Customers should also consider interest costs. If a balance is not cleared in full, interest can reduce or outweigh the value of any rewards earned.
Rewards and Travel Privileges
Rewards are the strongest feature of this card. The structure gives users points on ordinary purchases, with extra points when spending in another currency.
The travel angle is also important. Priority Pass access, airline mile conversions and hotel partner options make the card more relevant for people who travel regularly.
However, overseas use needs care because the 2.99% non-sterling fee applies. A higher points rate abroad does not automatically mean every foreign transaction is better value.
The best use case is likely planned spending, where the cardholder understands both the reward rate and the fees attached to the transaction.
Requirements to Qualify for the Card
HSBC says applicants can apply if they are over 18, are UK residents and hold an HSBC Premier Account. The card is therefore not open to every UK credit card customer.
Credit is subject to status, affordability and terms and conditions. HSBC may assess credit history, income, borrowing commitments and the wider customer relationship before making a decision.
The official page also states that users must not have opened a new HSBC credit card or received a credit limit increase within the past 6 months.
Applicants are also not eligible if they currently hold an HSBC Student Credit Card, HSBC Premier Credit Card or HSBC Premier World Elite Credit Card.
How to Maximise the Benefits
To get more from the card, users should focus on spending that earns points without creating unnecessary fees or interest charges. Everyday purchases in sterling may be easier to manage.
Frequent travellers may benefit from converting points into airline miles or using Priority Pass lounge access when the £24 visit fee still feels worthwhile.
The welcome points offer may add value for eligible customers who can meet the £2,000 spend requirement within 90 days without overspending.
As a result, the card works best when rewards fit existing habits, rather than encouraging extra borrowing or purchases that would not otherwise happen.
How to Apply
Applications are handled by HSBC, not by this website. Clicking the application button will redirect users to the official HSBC page for this card.
HSBC says mobile users with the app and an HSBC Premier Account can apply by selecting Apply in app. The page also lists online and branch application options.
Before applying, users should read the terms and conditions, summary box, reward programme rules and privacy notice available from HSBC.
The final decision, credit limit and account terms depend on HSBC's assessment. Approval is never guaranteed.
Is This Card Right for You?
This card may suit existing HSBC Premier customers who want reward points, travel options and lounge access without paying an annual card fee.
It may be less suitable for people who do not qualify for Premier, often carry a balance, or mainly want a simple low-rate credit card.
The product is strongest when the user values travel rewards and manages repayments carefully. Otherwise, fees and interest can reduce the practical value.
Before applying, compare the official costs, benefits and requirements with your own spending habits and repayment plans.
Barclaycard Platinum: Costs, Rewards and How to Apply 
Virgin Atlantic Reward Credit Card: Costs and How to Apply 
Barclaycard Avios Plus Card: Costs, Rewards and How to Apply