HSBC Premier Credit Card offers 20,000 bonus points, no annual fee, and Priority Pass lounge access worldwide.
HSBC Premier Credit Card
No Annual Fee Lounge AccessThe HSBC Premier Credit Card is available exclusively to HSBC Premier account holders. It combines reward points, airport lounge access and travel perks — with no annual fee, which is rare at this tier of the UK market.
New cardholders earn 20,000 reward points by spending £2,000 in the first 90 days. Points then accumulate at 1.5 pts per £1 in sterling and 2 pts per £1 on foreign currency transactions.
A 2.99% non-sterling transaction fee applies to overseas purchases — worth factoring in for frequent international travellers.
Key Benefits of the Card
Priority Pass membership gives access to over 1,700 airport lounges worldwide. Each visit costs £24 per person, charged directly to the card — no separate membership or registration required.
Reward points redeem for airline miles with British Airways, Emirates, Etihad, Qatar Airways and Air India, among others. Points also convert to hotel stays, M&S vouchers, Amazon credits or charitable donations.
As a Premier account holder, cardholders receive complimentary travel insurance and access to Mastercard Priceless — curated experiences across major cities. There is no annual card fee.
How Does It Work
Applicants must hold an active HSBC Premier current account. Credit approval is subject to individual assessment. The representative APR is 29.9% variable, based on an assumed credit limit of £1,200.
Points accumulate automatically and do not expire for active cardholders. Redemption is managed via the HSBC rewards portal, where airline miles, hotel credits and retail vouchers are all accessible online.
For lounge access, present the card at any Priority Pass entrance. The £24 per-person charge is applied automatically — no additional pass or pre-registration required on the day.
Comparative Table
| Card | Annual Fee | Rewards | Lounge Access | APR |
|---|---|---|---|---|
| HSBC Premier Credit Card | No annual fee | 1.5pts/£1; 2pts/£1 abroad | Priority Pass £24/visit | 29.9% var. |
| Barclaycard Avios Plus | £240/year | 1.5 Avios/£1 | Not included | ~29.9% var. |
| American Express Platinum | £650/year | 1 MR point/£1 | Unlimited PP | N/A charge card |
The HSBC Premier Credit Card is the only option here with no annual fee. For existing Premier customers within the HSBC ecosystem, the value-to-cost ratio is difficult to match among UK travel cards at this level.
Who Is This Card Best For
This card suits HSBC Premier account holders who travel regularly and want to earn rewards on everyday spending without paying an annual card fee.
It is well-suited to frequent travellers who value flexible redemption across airlines, hotels and retailers — and who pass through Priority Pass lounges multiple times a year.
It is less suited to those seeking unlimited lounge visits at no extra cost or zero foreign transaction fees. Each lounge visit costs £24 and overseas purchases attract a 2.99% non-sterling fee.
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