HSBC Premier Credit Card
HSBC
Welcome Offer
Is the HSBC Premier Credit Card right for you?
The HSBC Premier is a $95-a-year rewards card from HSBC. Its strongest everyday earning is 3x on gas, with 1x on most other purchases. It needs to earn at least $95 more a year than a no-fee alternative to justify the fee.
Who it's for
- ✓ People who spend steadily on gas, where it earns 3x
Who should skip it
- — Heavy spenders outside gas — everything else earns 1x
- — Anyone who won't earn at least $95 a year more than a no-fee card
First-year value estimate
Year two, without the welcome bonus: about $85 before credits ($180 in rewards minus the $95 fee).
Assumptions
- $3,000 a year in gas (3x) and $9,000 on everything else (1x) — $12,000 total, about $1,000 a month.
- Rewards valued at 1¢ per point or 1% cash back (cash-equivalent).
- Welcome bonus: 60,000 HSBC Rewards at 1¢ each (OpenCard valuation) ≈ $600.
- Annual fee of $95 in year one and every year after.
- Recurring credits are listed separately below and are not counted here.
An illustration, not a promise of value. Change the spending to match yours; rewards are not cash until redeemed. Card data reviewed 2026-10-02.
How the fee is offset by credits
Even at face value the listed credits ($60 a year) cover 63% of the $95 fee, so rewards and benefits have to make up the rest.
| Credit | Terms | Per year (face value) |
|---|---|---|
| Streaming Subscription Credit | $5 per month | $60 |
| Total face value | $60 | |
How it compares
Rules and gotchas
- The welcome bonus requires $4,000 in 3 months — roughly $1,333 a month. That's more than the $1,000 a month in our illustration, so the bonus assumes about $333 a month of extra spending.
Frequently asked questions
- Does the HSBC Premier have an annual fee?
- Yes — $95 a year, according to the issuer information in our record.
- What does the HSBC Premier earn?
- 3x on gas, 3x on groceries, 2x on travel, and 1x on other purchases.
- Is the HSBC Premier worth it in the first year?
- Using our illustration ($12,000 of yearly spending, $3,000 of it in gas), the first year comes out around $685 before credits, including a welcome bonus valued at $600. Year two drops to about $85 before credits.
- Do the HSBC Premier's credits cover the annual fee?
- The listed credits add up to $60 a year at face value against a $95 fee. Count only the credits you'd use without changing your spending.
- What credit do I need for the HSBC Premier?
- Our record lists "Good" credit as the typical target for the HSBC Premier. HSBC makes the final decision based on its own criteria.
Earning Rates
Benefits & Credits
Up to $5/month statement credit on subscription payments under MCC 4899 (Cable, Satellite, Other Pay TV / Radio Services), capped at $60 per calendar year.
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Sources
Last Updated: Oct 2, 2026