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Refreshed Benefits for your HSBC Premier Mastercard® Credit Card

As your lifestyle evolves and progresses, so should your card benefits. As such, we will be refreshing your HSBC Premier Mastercard Credit Card privileges to offer you rewards and benefits tailored to your lifestyle.

With effect from 1 October 2024, the existing Cash Rebate Programme for your HSBC Premier Mastercard Credit Card will be replaced with a new Reward Points Programme.

A summary of the changes to your card benefits is set out below.

New benefits and programme starting from 1 October 2024

  • HSBC Premier Mastercard Credit Card Reward Points Programme
    • Earn 1.2 miles per SGD1 (or USD0.70) for local currency spend (equivalent to 3 Reward points)
    • Earn 2 miles per SGD1 (or USD0.70) for foreign currency spend (equivalent to 5 Reward points)
  • Dining privileges including 15% discount at Colony and Republic at The Ritz Carlton, Millennia Singapore; and
    W Singapore – Sentosa Cove1 and more

New benefits starting from January 2025

  • Complimentary airport lounge visits
    • For Premier customers, 4 airport lounge visits per year
    • For Premier Elite customers, 6 airport lounge visits per year
  • Complimentary airport limousine rides, with a minimum spend of SGD12,000 (or USD9,000) in the preceding calendar quarter
    • For Premier customers, 1 airport limousine ride per calendar quarter
    • For Premier Elite customers, 2 airport limousine rides per calendar quarter

More details on the complimentary benefits listed above will be shared by November 2024.

As we roll out these exciting new changes, we will also be phasing out existing benefits to make room for more improvements.

Existing benefits and programme that will cease on 1 October 2024

  • HSBC Premier Mastercard Credit Card Cash Rebate Programme
    • 5% cash rebates on dining, groceries, petrol and transport (local and foreign spend)
  • Complimentary Travel Insurance of up to SGD1 million insured by MSIG
  • Digital Health Xtra

All transactions must be made by 30 September 2024 in order to be eligible for the cash rebates under the HSBC Premier Mastercard Credit Card Cash Rebate Programme. The cash rebates awarded for eligible transactions made in September 2024 will be credited by 31 October 2024.

With the above,

  1. The HSBC Premier Mastercard Credit Card Cash Rebate Programme Terms and Conditions will cease from 1 October 2024;
  2. The new HSBC Premier Mastercard Credit Card Terms and Conditions will apply to all HSBC Premier Mastercard Credit Cards from 1 October 2024; and
  3. The Credit Card Terms will be updated with effect from 1 October 2024 to reflect the changes to the HSBC Premier Mastercard Credit Card.

Your physical HSBC Premier Mastercard Credit Card

  • We have a new card design. You will receive the new HSBC Premier Mastercard Credit Card when your existing HSBC Premier Mastercard Credit Card is due for renewal or if you request for a card replacement after 1 October 2024.
  • In the meantime, you and your related supplementary cardholders (if any) can continue to use your existing HSBC Premier Mastercard Credit Card(s).

Introduction of Annual Fee

We will be introducing an annual fee of SGD490.50 inclusive of GST (or USD381.50 inclusive of GST) starting on from January 2025 and this will be charged on the month your card was opened.

As our valued customer, this annual fee will be waived if you maintain your Premier relationship with a Total Relationship Balance of at least SGD200,000 (or foreign currency equivalent).

Should you have any questions, please contact your dedicated Relationship Manager or call us on our Premier hotline at 1800 227 8889 in Singapore or (65) 6227 8889 from overseas. Alternatively, you may chat with us at our HSBC Singapore Website or App.

Frequently Asked Questions

No, you can continue to use your existing card and enjoy the refreshed benefits.

No, from 1 October 2024, the existing Cash Rebate Programme for your HSBC Premier Mastercard Credit Card will be replaced with a refreshed Reward Points Programme.

We have credit cards offering cashback, click here for more details.

You may call us on our dedicated 24-hour customer service hotline at 1800 227 8889 in Singapore or (65) 6227 8889 from overseas.

The Reward Points will be awarded to retail purchases made locally and overseas (including online transactions). Please click here for the full list of eligible transactions.

For the SGD card:

The earn rate is

(i)
1.2 miles per SGD1 local spend (Equivalent to 3 Reward Points) and
(ii)
2 miles per SGD1 foreign spend (Equivalent to 5 Reward Points)

For the USD card:

The earn rate is

(iii)
1.2 miles per USD0.70 local spend (Equivalent to 3 Reward Points) and
(iv)
2 miles per USD0.70 foreign spend (Equivalent to 5 Reward Points)

No, there isn’t any minimum spend criteria for Reward Points to be awarded.

No, there isn’t any cap on the Rewards Points to be awarded.

Please click here for more details on Reward Points redemption.

Please click here for details on the Reward Programme and click here for HSBC Premier Mastercard Credit Card Terms and Conditions.

For existing HSBC Premier Mastercard Credit Card customers with card opened before 1 October 2024, you can start to visit the airport lounge from January 2025.

We will be sending unique invitation codes to your email address registered with HSBC by 31 December 2024. Please ensure that your email address registered with HSBC is updated. Please refer here for more information on how to update your particulars.

Priority Pass will be the airport lounge operator.

The accorded airport lounge visits are valid for one calendar year, i.e. from 1 January to 31 December of the respective year.

No, any unused airport lounge visits cannot be carried forward to the following year. You can use the new complimentary airport lounge visits that will be accorded in the following year.

Yes, you can and do note that each guest’s visit to the airport lounge will be deducted from the number of complimentary visits you are accorded.

You may find out more details from the Priority Pass™ app or click here to search for your desired lounge in the relevant city or airport.

Your membership with Priority Pass will be valid for one calendar year, i.e. from 1 January to 31 December of the respective year.

Your membership with Priority Pass will be automatically renewed upon expiry if you continue to hold the HSBC Premier Mastercard Credit Card.

A minimum spend of SGD12,000 on qualifying transactions using your HSBC Premier Mastercard Credit Card (Including supplementary card(s), if any), in the preceding calendar quarter is required to be awarded the complimentary airport limousine rides for the upcoming quarter.

For example, for entitlement to be accorded in January 2025, you will need to spend a minimum of SGD12,000 from 1 October 2024 to 31 December 2024.

Per calendar quarter Complimentary airport limousine ride(s) will be accorded by
1 January – 31 March 20 April
1 April – 30 June 20 July
1 July – 30 September 20 October
1 October – 31 December 20 January

For Premier customers, you will be entitled to 1 complimentary airport limousine ride per calendar quarter if you meet the minimum qualifying spend.

For Premier Elite customers, you will be entitled to 2 complimentary airport limousine rides per calendar quarter if you meet the minimum qualifying spend.

We will email you a unique invitation code by 20 January, April, July and October for you to make your booking via the booking platform with a step-by-step guide on the booking process. Please ensure that your email address maintained with HSBC is updated. Please refer here for more information on how to update your particulars.

No, you don’t have to. Any unutilized airport limousine ride(s) can be carried forward. The complimentary airport limousine rides will be valid for one year from date of issuance.

For existing customers whose card was opened before 1 October 2024, annual fee, if applicable, will be charged from January 2025, on the month your card was opened (from 20th to the end of the month).

No, you would require a Premier relationship and TRB of at least SGD200,000 to qualify for the annual fee waiver. If you would like to have a Premier relationship, please refer to www.hsbc.com.sg/premier.

Annual fee waiver is strictly offered to Premier customers with TRB of at least SGD200,000.

You can request for waiver via our contact centre hotline and any exceptional request for waiver will be reviewed on a case-by-case basis, subject to sole discretion of HSBC.

Notes

1
Terms and Conditions for the following will apply.
(i)
Ritz Carlton Colony
(ii)
W Singapore Sentosa Cove