Credit calendar

HSBC Elite credits

Every recurring credit on the HSBC Elite, with the cap, cycle and reset date that decide whether you actually capture it.

Card terms last verified against issuer pages on 2026-09-20.

The short answer

The HSBC Elite carries 4 recurring statement credits worth $690 a year. 0 reset on the calendar year and expire on 31 December; 4 reset on your account anniversary. 2 are capped monthly and cannot be carried forward.

$690face value a year, against a $495 fee

0expire on 31 December

2capped monthly or quarterly, so they cannot be carried forward

Resets on the calendar year, expiring 31 December

Resets on your cardmember year

Credit

Windows in a year

Each

A year

HSBC Travel Credit Earn up to $400 of travel credits per year for all airfares, hotels and car rentals booked through HSBC Travel powered by Priceline. This credit automatically applies when you book eligible travel through the HSBC Travel portal.

Once a year, resets on the cardmember year

$400

$10 Monthly Instacart+ Credit enrol first 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 when you use your HSBC Elite credit card.

Monthly, resets on the cardmember year

$10

$140

$10 Monthly Rideshare Credit Earn up to $120 in statement credits annually on taxis, cabs and rideshare. Use your Elite credit card to pay for your rideshare and automatically receive $10 each month when you make qualifying rideshare purchases.

Monthly, resets on the cardmember year

$10

$120

Global Entry/TSA PreCheck Credit Speed up airport screening with up to $120 towards Global Entry, TSA Precheck, TSA Precheck by Clear, or NEXUS once every 4.5 years. This statement credit applies automatically when you use your Elite credit card to pay for these trusted traveler programs.

Every 4 years, resets on the cardmember year

$120

$30

The monthly credits are the ones people lose

$10 Monthly Instacart+ Credit, $10 Monthly Rideshare Credit are capped per month. An unused month does not roll forward, so the annual figure the card is marketed on assumes you spend at those specific merchants every single month. Most people do not, which is the single biggest gap between a premium card's advertised credit value and what it is worth to you.

Questions people ask

When do the HSBC Elite credits reset?

All 4 reset on your cardmember year — that is, your account anniversary date, not 1 January.

Which HSBC Elite credits require enrolment?

1 of 4: $10 Monthly Instacart+ Credit. Enrolment is not retroactive at most issuers, so a purchase made before you enrol usually will not be credited.

How much are the HSBC Elite credits worth in total?

$690 a year at face value, against a $495 annual fee. That is the sum of the caps, not what a typical cardholder captures — 2 of them are monthly and expire unused each month, and each is restricted to specific merchants.

Verified 2026-09-20. See the full HSBC Elite page, or every credit across every card.