HSBC Premier Credit Card earns 20,000 bonus points with no annual fee for Premier customers.
HSBC Premier Credit Card
No annual fee 20,000 bonus pointsThe HSBC Premier Credit Card combines travel perks and flexible rewards with no annual fee, making it one of the more accessible premium cards for HSBC Premier customers in the UK.
As an HSBC Premier customer, you earn reward points on every purchase and redeem them with a wide range of partners including airlines, hotels, and high-street retailers.
The welcome offer lands 20,000 bonus points after spending £2,000 in the first 90 days — a straightforward target for regular card users looking to get a strong start on rewards.
Beyond the bonus, the card earns 1.5 points per £1 in sterling and 2 points per £1 on foreign currency, though a 2.99% non-sterling transaction fee applies.
Key Benefits of the Card
The 20,000-point welcome bonus is redeemable for airline miles with British Airways, Emirates, Etihad, Qatar Airways, and Air India, among others — offering real value at no upfront cost.
Airport lounge access is available at a fixed £24 per person per visit. While not unlimited, it suits occasional travellers who prefer predictable costs over an expensive annual fee.
Points can also convert into hotel stays, M&S and Amazon vouchers, or charitable donations — useful flexibility for those who mix travel with everyday retail spending.
How Does It Work
Eligibility is limited to existing HSBC Premier current account holders. If you already hold a Premier account, applying is straightforward through the HSBC UK app or website.
Points accumulate automatically on every eligible purchase. Redemptions are managed through your HSBC account, covering airline partners or retail rewards depending on your preference.
The representative APR is 29.9% variable, based on an assumed credit limit of £1,200. Clearing the balance monthly maximises rewards without accruing interest costs.
Comparative Table
| Card | Annual Fee | Earn Rate | Lounge Access | APR |
|---|---|---|---|---|
| HSBC Premier Credit Card | No fee | 1.5pts/£1; 2pts/£1 abroad | £24/visit | 29.9% var. |
| Barclaycard Avios Plus | £20/month | 1.5 Avios/£1 | Unlimited PP | 29.9% var. |
| Amex Platinum Cashback | £25/year | Up to 1.25% cashback | None | ~30.0% var. |
Compared to the Barclaycard Avios Plus, the HSBC card removes the monthly fee entirely. The trade-off is a per-visit lounge charge rather than unlimited access — reasonable for lighter travellers.
Who Is This Card Best For
The HSBC Premier Credit Card works best for existing Premier account holders who want a no-cost rewards card with genuine travel upside. The 20,000-point bonus alone can translate into meaningful flight redemptions.
It suits cardholders who travel occasionally and value on-demand lounge access without committing to a high annual fee. Flexible redemptions also appeal to those who blend travel and everyday spending.
If you already bank with HSBC Premier and want to earn something back on every purchase, this card adds tangible value at zero ongoing cost.
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