HSBC Elite
$495/year, earning HSBC Rewards Points, on the Mastercard network.
Card terms last verified against issuer pages on 2026-09-20.
The HSBC Elite is a $495/year card from HSBC earning HSBC Rewards Points. It earns 5x on travel, 2x on dining and 1x on everything else. It carries 4 recurring statement credits worth $690 a year, listed in full below with the cap and reset date for each.
What it earns
Rates are the multipliers HSBC advertises. We do not convert them into a percentage return, because that requires putting a price on HSBC Rewards Points and that price is a judgement, not a fact — see how we source this.
| Category | Rate | Notes |
|---|---|---|
| Travel | 5x | |
| Dining | 2x | |
| Other | 1x | Everything else |
Statement credits
$690 a year across 4 credits against a $495 annual fee. The columns that matter are the cap and the reset date: a credit paid monthly cannot be saved up, and one that resets on the calendar year expires on 31 December no matter when you opened the card.
Status and included memberships
- Priority Pass Lounge Access — Elevate your airport experience with complimentary and unlimited lounge access for the cardholder and up to 2 guests worth more than $469 annually with Priority Pass. Access more than 1,700+ eligible airport lounges and travel experiences worldwide.
Protections and insurance
Coverage terms below are summaries. Insurance benefits are governed by a separate guide to benefits document from the issuer, and the exclusions in that document are what actually decide a claim.
- Cell Phone Protection — Claim up to $800 if your cellphone is stolen or damaged using Cellular Wireless Telephone Protection. Coverage applies when you pay your monthly wireless bill with your HSBC Elite credit card.
- Purchase Assurance — Purchase Assurance covers most purchases from damage or theft within 90 days of purchase up to $1,000 per occurrence and $50,000 per account per calendar year when you pay for eligible items with the card.
Questions people ask about the HSBC Elite
What is the annual fee on the HSBC Elite?
The HSBC Elite has a $495 annual fee.
What statement credits does the HSBC Elite include?
It carries 4 recurring statement credits worth $690 a year in total: HSBC Travel Credit ($400, resets on the cardmember year); $10 Monthly Instacart+ Credit ($10 monthly, resets on the cardmember year); $10 Monthly Rideshare Credit ($10 monthly, resets on the cardmember year); Global Entry/TSA PreCheck Credit ($30, resets on the cardmember year). Verified 2026-09-20.
What does the HSBC Elite earn?
5x on travel, 2x on dining, 1x on other, and 1x on everything else, in HSBC Rewards Points.
Is the HSBC Elite worth the annual fee?
Its recurring statement credits total $690 a year against a $495 fee, so the card pays for itself on credits alone if you use 72% of them. Whether that holds depends on whether the specific merchants suit you — the credit table on this page lists each one.
Does the HSBC Elite charge foreign transaction fees?
No — the HSBC Elite has no foreign transaction fee.
