Points · Mastercard · No annual fee
Last verified 2026-09-09. Review issuer source
HSBC Premier is a no-annual-fee points card from HSBC. Its best everyday rates are 2x on travel; everything else earns 1x.
On our reference budget of $24,600 a year it returns about $276, an effective 1.1% back. The welcome bonus, 35,000 points after $3,000 in 3 months, adds to the first year's return.
Put the bonus categories on it and everything else on a flat 2% card. On its own the base rate drags the average down.
Earn 35,000 Rewards Bonus Points worth at least $400 in air travel – after spending $3,000 in the first 3 months from Account opening.
Get up to 7% off prepaid accommodation with Booking.com.
Cellular Wireless Telephone Protection provides reimbursements up to $600 per claim if your cellphone is stolen or damaged.
Get up to $140 annually with Instacart+. When you sign up as a new member, receive 2 free months of Instacart+ and $10 off your second order each month.
Take 3 rides, and get a $5 Lyft App credit every month with your Premier credit card.
Purchase Assurance covers most purchases from damage or theft within 90 days of purchase up to $1,000.
Complimentary ShopRunner membership worth $79 annually.
Speed up airport screening with up to $85 towards Global Entry, TSA Precheck, TSA Precheck by Clear, or NEXUS application fees, once every 4.5 years.
Receive up to $60 in statement credits annually when you pay for your TV streaming subscription.
These come from Mastercard, not from HSBC. Every card on the World Mastercard tier carries them, so they should not decide between two cards.
Call 1-800-MASTERCARD (1-800-627-8372) for 24/7 assistance to report a lost or stolen card.
Enjoy a HealthLock for Mastercard Medical Claim Monitor complimentary membership plus a 90-day upgrade to all HealthLock services at no monthly cost.
Get exclusive PGA TOUR® experiences and access amazing golf benefits with our Golf Concierge Service.
Mastercard gives you exclusive access to ticket presales at top venues and festivals across the U.S. Eligibility restrictions, exclusions and terms apply. Offer expires 3/31/2027.
Save when you tap and go with your eligible Mastercard and receive a $2.50 statement credit when you spend $10 or more each month at participating transit systems.
Browse exclusive Mastercard benefits, book travel, get hotel upgrades and more.
Enjoy experiences in culture, dining, sports, entertainment and more in over 45 exciting destinations around the globe.
With Mastercard Zero Liability protection you’re protected against unauthorized transactions in stores, online and in app.
Benefit descriptions are the issuer’s and network’s own wording, trimmed for length. Limits and exclusions are in the guide to benefits.
| Card | Annual fee | Rewards earned | Net after fee | Rank |
|---|---|---|---|---|
| HSBC PremierThis card · 2x on travel | None | $276 | +$276 | 544th of 1,291 |
| HSBC EliteHSBC's most-held other card · 5x on travel | $495 | $402 | −$93 | 1257th of 1,291 |
| Savor RewardsThe strongest no-fee card on this budget · 3% on dining | None | $642 | +$642 | 4th of 1,291 |
| Robinhood Gold CardHighest net return on this budget · 3% on everything | $50 | $798 | +$748 | 1st of 1,291 |
Reference budget: groceries $6,000, dining and restaurants $3,600, gas and ev charging $2,400, travel and transit $3,000, online shopping $2,400, entertainment and streaming $1,200, everything else $6,000. Points are valued at 1¢ unless the program is worth less; statement credits, welcome bonuses, and perks are left out. Run it with your own spending.
