If you love extra perks, such as travel rewards and privileges from becoming a member in an exclusive group, you may need to check out the HSBC World Elite Mastercard in Canada.
Applying for this card opens tons of opportunities to stretch out your finances through bonus points, lack of foreign transaction fees, and more.
Do these features interest you? If so, read on to find out more about the perks of this credit card and how you can apply for one today.
Benefits and Features of an HSBC World Elite Mastercard
All HSBC Credit Card types are powered by Mastercard. As such, you can use them at 43 million locations all over the world. You can also enjoy discounts and exclusive privileges from the bank's and card issuer's partner companies.
With this credit card, you can double the manufacturer's warranty for up to one year for the items you purchased using it. This will give you added security that your purchases are covered by insurance.
These cards are equipped with advanced security features such as EMV chip and PIN encryption that protect your transactions from fraudulent acts and other security breaches. With the EMV chip, you can also enjoy the card’s contact-less features for more convenient shopping.
This elite credit card also offers you Worldwide Emergency Travel Medical Insurance, as well as Trip Cancellation/Delay Insurance. When you travel with this card, you will be all set to enjoy your trip without the hassle and inconveniences you may incur otherwise.
Now that you're familiar with some of the great benefits of this card, read on to learn about eligibility and how you can apply for one today.
How to Apply for an HSBC World Elite Mastercard
Before applying, you should make sure you are qualified. You must be at least the age of majority in the province you live in and a Canadian resident. You may also need to present supporting documents such as government-issued IDs as proof of identification and a payslip or bank accounts as proof of income. You are also required to have an individual income of $80,000 or $150,000 household income (or minimum $400,000 in assets).
You can apply for an HSBC Credit Card online by completing the application form on the HSBC website. Just click on the apply now button to get started. The entire application can take as little as 10 minutes. You can also apply in branch by booking for an appointment. Just call a bank representative and set a time and date that will fit your schedule.
Once your application is approved, HSBC will give you a credit limit that will be based on many factors, such as your credit score and income status.
HSBC World Elite Mastercard Interest & Charges
Take a look at this brief overview of some of the fees and rates you can expect with this credit card. You must always pay your card on time so you don't hurt your credit score. Note that this is not a complete list, and for more information, you can refer to the Rates and Fees Information Box on the HSBC website.
- Annual fee – $149
- Supplementary card fee – $50 each (up to 4 cards)
- Interest rate (purchases) –19.9% (subject to a 21-day grace period)
- Interest rate (cash advances and balance transfers) – 22.9%
- Foreign currency conversion rate – 0%
- Cash advance fees – $2 to $5
- Minimum payment fee – 3% or $10, whichever is higher
HSBC Address & Contact
Address: 885 West Georgia Street, Vancouver, British Columbia, V6C 3E9
To get in touch with HSBC, call 1-888-310-4722.
Conclusion
If you want to make purchases both locally and internationally with minimal hassles, you’ll get the most benefit from an HSBC World Elite Mastercard. Visit the website and apply today to enjoy the privilege of being an HSBC cardholder.
Note: There are risks involved when applying for and using a credit card. Please see the bank’s Terms and Conditions page for more information.
