HSBC Premier
$95/year, earning HSBC Rewards Points, on the Mastercard network.
Card terms last verified against issuer pages on 2026-09-20.
The HSBC Premier is a $95/year card from HSBC earning HSBC Rewards Points. It earns 3x on gas, 3x on grocery, 2x on travel and 1x on everything else. It carries 4 recurring statement credits worth $345 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 |
|---|---|---|
| Gas | 3x | |
| Grocery | 3x | |
| Travel | 2x | |
| Other | 1x | Everything else |
Statement credits
$345 a year across 4 credits against a $95 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.
Other perks
Benefits that are not dollar statement credits — certificates, lounge visits, point bonuses. Where a value appears it is an estimate, not an amount the issuer credits you, and it is excluded from the credits total above.
| Perk | How often | Estimated value |
|---|---|---|
| Booking.com DiscountMake the most of your travel. Get up to 7% off prepaid bookings for accommodation when you book with your HSBC Premier Credit Card through Booking.com. | Once a year | — |
Status and included memberships
- ShopRunner Membership — Complimentary ShopRunner membership worth $79 annually. Shop your favorite items and top deals all in one place. Plus, sign up for a complimentary ShopRunner membership to enjoy free 2-day shipping, exclusive discounts and more.
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 — Cellular Wireless Telephone Protection provides reimbursements up to $600 per claim if your cellphone is stolen or damaged when you pay your monthly wireless bill with your HSBC Premier credit card.
- Purchase Assurance — Purchase Assurance covers most purchases from damage or theft within 90 days of purchase up to $1,000 per occurrence when you pay for eligible items with the card.
- Mastercard ID Theft Protection — Mastercard ID Theft Protection and Identity Fraud Expense Reimbursement provide support and expense reimbursement if your identity is compromised through identity fraud.
Questions people ask about the HSBC Premier
What is the annual fee on the HSBC Premier?
The HSBC Premier has a $95 annual fee.
What statement credits does the HSBC Premier include?
It carries 4 recurring statement credits worth $345 a year in total: $10 Monthly Instacart+ Credit ($10 monthly, resets on the cardmember year); Global Entry/TSA PreCheck Credit ($85, resets on the cardmember year); $5 Monthly TV Streaming Credit ($5 monthly, resets on the cardmember year); $5 Monthly Lyft Credit ($5 monthly, resets on the cardmember year). Verified 2026-09-20.
What does the HSBC Premier earn?
3x on gas, 3x on grocery, 2x on travel, 1x on other, and 1x on everything else, in HSBC Rewards Points.
Is the HSBC Premier worth the annual fee?
Its recurring statement credits total $345 a year against a $95 fee, so the card pays for itself on credits alone if you use 28% 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 Premier charge foreign transaction fees?
No — the HSBC Premier has no foreign transaction fee.
