This was posted 1 year 1 month 1 day ago, and might be an out-dated deal.

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HSBC Premier World Mastercard: 2 Complimentary Airport Lounge Dragon Passes Every Year, $1=1.5qff 1st Year, $0 Annual Fee @ HSBC

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HSBC Premier World Mastercard: 2 Complimentary Airport Lounge Dragon Passes Every Year, $1=1.5qff 1st Year, $0 Annual Fee @ HSBC
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hambogan on 14/03/2024 - 23:06 hsbc.com.au (7903 clicks)
Last edited 06/01/2025 - 20:40 by 2 other users

HSBC now provides 2 complimentary airport lounge passes every year for Premier World Mastercard holders.

Travel in style with 2 airport lounge passes every year with Mastercard Travel Pass, provided by DragonPass

https://mastercardtravelpass.dragonpass.com/

If you choose Qantas Rewards, you get 1.5 Qantas points per $1 spent for the first year then 1 point per $1 spent after.

Earn 1.5 Qantas Points per $1 spent on eligible purchases, up to $120,000 during the first 12 months of your account, and 1 Qantas Point per $1 in subsequent years

If you choose Reward Plus, you get 1.5 Rewards Plus points per $1 spent on eligible purchases, which can be redeemed for Singapore Airlines KrisFlyer, Cathay Pacific Asia Miles or Virgin Australia Velocity points. This is equivalent to 0.75 miles per $1 spent.

Earn 1.5 Rewards Plus points per $1 spent on eligible purchases, up to $120,000 spent per year

Additional features:

  • Complimentary insurance

    Get domestic and international travel insurance with rental vehicle excess insurance in Australia, transit accident insurance, extended warranty insurance, and purchase protection insurance.

  • Access to the HSBC Instant Savings app

  • Ongoing $0 annual fee

To be eligible for this card, you need to have HSBC Premier customer status in Australia
https://www.hsbc.com.au/premier/

Mod Update: The annual fee for this product will change on 11 March 2025. You can check the summary of changes to learn more.

  • HSBC Premier World Mastercard (HSBC Rewards Plus Program) - $0 in the first year ($199 afterwards)
  • HSBC Premier World Mastercard (Qantas Rewards Program) - $0 in the first year ($399 afterwards)
Financial Airport Lounge Credit Card MasterCard

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closed Comments

    • Poor Ass on 10/03/2025 - 16:25

      oh yeah what you got that does earn points on Bpay and doesn't incur fees

      we are all curious here

  • barseeker on 16/03/2024 - 11:31

    so just to confirm if one adds an Additional card holder they do not get an additional benefit of another 2 lounge visits? so the only real benefit is they just enjoy no annual fee and earn points towards the main card holders account?

  • Kustard King on 16/03/2024 - 14:52

    It states all the conditions here:

    https://www.hsbc.com.au/content/dam/hsbc/au/docs/pdf/premier…

  • binscab on 16/03/2024 - 18:19

    Such a shame this card has forex fees unlike the debit.

    • Kustard King on 16/03/2024 - 19:36

      It seems to be rewards/benefits or 0% fx fees. Noth both.

  • whythehate on 17/03/2024 - 15:23
    +1

    FYI for those like me thinking of depositing $9k a month starting now and apply for that card: you need to deposit that $9k a month for 6 months straight before you can unlock Premier status on the 7th month.

    That or just throw in $150k you have lying around in loose change…

    • jes on 20/03/2024 - 17:25

      how long does the $150k need to be in hsbc and is this once only?

    • pumpkins on 26/03/2024 - 15:46
      +1

      Not correct. Book an appointment with a branch, bring 2 payslips and a statement showing the amounts going into one of your other accounts, ID, and normal credit card application stuff like loan info etc. I did this 1 week ago and they waived the 6 months and got me onto Premier that day. Also applied for the credit card at the same time and it got approved the next day.

      • nightelves on 09/04/2024 - 16:35

        Wait I'm confuse what do you mean by amount going into one of your other account?

      • txb on 25/10/2024 - 08:50

        I went into branch as Pumpkins did and felt I wasted my time. The junior banking bro just looked at my deposit history, checked my details were correct and gave me a scripted response. So your milage will vary with the ability and knowledge of the person you end up talking to. I'm not recycling the deposit to circumvent the eligebility either.

  • bbargin0 on 18/03/2024 - 12:13
    +1

    The Qantas platinum has the same 1.5 offer with less hurdles

    https://www.hsbc.com.au/credit-cards/products/platinum-qanta…

    • pumpkins on 26/03/2024 - 15:48

      But with hefty annual fee. Hurdles aren't that bad - 1 visit to the branch, then set up 2 scheduled payments to move the $9k in and out once a month.

      • Heybargain on 27/03/2024 - 16:03
        +1

        No annual fee first year.

      • arctan on 27/03/2024 - 20:13

        Can you transfer 9k in today and then transfer the same 9k out tomorrow to be still eligible?

        • nightelves on 09/04/2024 - 16:36
          +1

          Yeah it counts. That 's how I used to do it.

    • ucd12345 on 29/03/2024 - 11:04

      thanks! created a separate deal for that here: https://www.ozbargain.com.au/node/838347

  • txb on 30/05/2024 - 22:59

    So you would use this card to earn QFF pts for larger domestic purchases (anything over a few hundred $) and use the debit card for smaller amounts for the 2% cashback?

    If you use the CC for your daily everyday purchases, then your'e valuing 1 qantas pt as a 2% return on investment.. (use cc for 1 pt/$ or use dc for 2% cashback)

    I dont see how this card could be used otherwise, am I missing something?

    Does anyone know if you can change reward programs afterwards?

  • bounty hunter on 12/08/2024 - 22:06

    For a total newbie to rewards programs, why would someone pick Qantas Rewards over Rewards Plus?

    Also how do you compare the two. The first one is 1.5 Qantas Points per $1 spent. The second option is 1.5 Rewards Plus points per $1 spent. But which is valued higher?

  • RichardF89 on 08/12/2024 - 00:31

    even it gives 1.5 qantas points but it doesn't give the one off bonus points. so over all it is just an OK deal

    • UrMumsOnlyFan on 20/12/2024 - 00:29
      +1

      This one isn't a churner, it's a keeper with no annual fee, a solid earn rate and 2 lounge passes per year. A great fallback between churns - which is steadily getting worse thanks to the banks increasing the exclusion periods from 12 months to 18 or even 24.

      This will replace my OG $0 Annual Fee for Life on Citi Platinum/Signature Credit Card after PayAll ends in January.

  • AussieDeals on 06/01/2025 - 20:02
    +8

    Just a heads up that from 11/3/2025 they're raising the annual fee to $199 per year if you pick HSBC Rewards or $399!!! per year if you pick Qantas Rewards. First year annual fee remains free but no ongoing free lunch anymore, makes this not worth it for me past the 1st year. Worth updating the deal post to make that clear to anyone considering signing up

    https://www.hsbc.com.au/content/dam/hsbc/au/docs/credit-card…

    • UrMumsOnlyFan on 07/01/2025 - 13:04
      +1

      Thanks for pointing this out, I was planning to switch my Citibank free for life to this one. Not anymore obviously.

      Yet more bad news as the credit card landscape continues unprecedented enshittification.

      • niyiaw on 07/01/2025 - 20:49

        Same here. Well that sucks.

    • timhn on 07/01/2025 - 13:31

      WTF, I just got Premier status then applied (and approved) this card last month. Will make sure cancel this by end of year.

    • jes on 13/01/2025 - 21:43

      The $0 wont be grandfathered?

      • andrewtrinh on 14/01/2025 - 10:07

        They didn’t with the previous HSBC Platinum offer where if you spent X amount a year the annual fee would be refunded.

        • jes on 17/01/2025 - 16:56

          Oh thanks for letting me know, I regretted not getting on board this one and the Macquarie Bank one with $0 with a hotel stay for free. I guess both eventually charged annual feel.

          Were you on the previous HSBC Platinum offer where if you spent X amount a year the annual fee would be refunded - what did u do once they stopped it?

  • pandadude on 08/01/2025 - 20:28
    +2

    The only real point of been with HSBC is the 2% paywave transaction rebate on the global everyday account. Also to be able to withdrawal 5k of cash from an atm. This is handy in countries which still use cash.

    There no real benefit of premier unless you have account overseas. Premier is the easiest to obtain in Australia. If you want lounges passes its cheaper to buy dragon pass out right.

    With the change in the credit card there less reason to be with HSBC.

  • KT777 on 09/01/2025 - 15:52
    +3

    The annual fee for this product will change on 11 March 2025. (First year free)

    • FirstWizard on 28/01/2025 - 10:34

      All good things comes to an end :(

      We are writing to inform you of an important change to your HSBC Premier World Mastercard.

      What you need to know

      The annual fee for your credit card will be changing from $0 to $399. The updated fee will apply from when your next annual fee is due on or after 11 March 2025.

  • UrMumsOnlyFan on 22/01/2025 - 00:47

    HSBC Reportedly Weighing Sale of Australian Retail Banking Unit

    HSBC is reportedly considering a sale of its Australian consumer banking operation.

    That’s one of the options before the British banking giant as it tries to pare down its business, Bloomberg News reported Monday (Jan. 20), citing sources with knowledge of the matter.

    One of those sources said HSBC is likely to hold onto its commercial banking unit in Australia to continue serving corporate clients around the world. The retail banking business — made up of 40 branches and offices throughout Australia — could potentially attract other lenders around the country, the source added.

    A spokesperson for HSBC declined to comment when reached by PYMNTS.

    Under new CEO Georges Elhedery, HSBC has been conducting a massive overhaul of its businesses. For example, last month saw a report that the bank was considering scaling back its retail operations in countries including Mexico, Malaysia and Indonesia to focus more on its core markets, which are the United Kingdom and Hong Kong.

  • vchung916 on 28/01/2025 - 12:08

    Just bought plane tickets to fly after 11 March 2025 with this card because of the free travel insurance. Probably need to buy travel insurance now if they charge me the fee before I fly.

    • timhn on 28/01/2025 - 13:57

      But isn't the complimentary TI still free even with card annual fee or not? Unless you'll cancel the card before your trip.

      • vchung916 on 10/02/2025 - 15:49

        From what I see, the first annual fee is payable from 11 March 2026 as there is no fee in the first year.

  • kungfuman on 10/03/2025 - 22:47

    Do they have a velocity points one?

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