Premier MC
World
HSBC · Mastercard · World
Premier MC
Why pick it: Free for life, 3 points per ₱20 on local dining
HSBC Premier clients' card: no annual fee for life, 4 points per ₱20 overseas/online (about 1 mile per ₱25), Caltex rebate.
- Score
- 48 /100
- Status
- Limited eligibility
- Annual fee
- Free for life
Thin data: the bank does not publish the income requirement. Check with the bank before you apply.
Libre for life ang annual fee, pero kailangan mo munang maging HSBC Premier client.
Bottom line: Kung Premier client ka na o kaya mong i-maintain ang ₱3M, sulit ito dahil libre ang fee. Kung hindi, huwag mo nang buksan ang account para lang dito.
Read the full take: the math, what's good, what hurts
Umaabot sa ~₱7,000 ang rewards ng typical household (~₱825k a year), at ~₱1,000 naman sa travel. Hindi siya kasama sa ranking ng open cards, kasi limited ang puwedeng mag-apply. Sa lahat ng cards, #28 ito sa 170; score 48.
The numbers in this take are our estimates for a typical household, not bank policy. Check fees and waivers with the bank.
What's good
- 4 bonus points per ₱20 sa foreign-currency spend, at 3 per ₱20 sa local shopping at dining.
- Caltex rebate: 6% sa first fuel purchase, tapos 3%, hanggang ₱600 a month.
- Libreng travel insurance basta naka-charge sa card ang entire fare, per the linked PDF; hindi nakasaad sa page ang amount.
What's bad
- Para lang sa HSBC Premier clients: ₱3M total relationship balance, o ₱300k gross monthly salary credit plus ₱3M balance within the first year.
- 3.50% ang foreign fee, galing sa data at hindi sa page, kaya bawas ito sa 4x abroad.
- Hanggang ₱60,000 a month na spend lang ang accelerated points.
- Per the HSBC accelerated rewards T&C 2(e) at 2(f), para sa Red at Advance Visa lang ang online 4x; ang peso online at airfare ay base 1 point per ₱20.
The catch: Binabanggit ng page ang 'membership' sa 1,300+ airport lounges, pero hindi nakasaad ang free visit count, kaya 0 ang lounge value from our data. Per the HSBC rewards general terms 3(a), hindi nag-e-earn ng bonus points ang drugstores, education, utilities at installments.
Rechecked on the bank page on 2026-10-24. Not on the page: foreign fee; insurance amount; free lounge visit count; points expiry; how the ₱1,920 monthly cap in our data maps to the ₱60,000 spend cap; insurance conditions (only in the linked PDF). Our opinion, based on published terms. Not financial advice. The bank decides approval.
The take above is written for a typical household spending about ₱825,500 a year. Get your own score in 60 seconds.
- Yearly value for a typical household:
- about ₱8,000 in rewards (₱7,000) and travel value (₱1,000), before the card's fees (no annual fee)
- To qualify:
- Not published; HSBC Premier clients only: ₱3M Total Relationship Balance · Or ₱300k monthly salary credit, reaching ₱3M TRB in year 1 (limited eligibility)
- Deposit with the bank:
- Needs ₱3M with HSBC
- Bank service:
- About typical.
First year
- Welcome offer:
- Free Hedgren Yuno luggage: spend ₱40,000 within 60 days of approval and register in HSBC app. New-to-Premier clients (₱3M fresh funds + ₱40k spend) also get ₱15,000 cashback or 15,000 Mabuhay Miles until 31 Oct 2026. (ends Nov 30, 2026)
Bank details as of Oct 23, 2026. Offers change; confirm on the bank's page before you apply. None of this changes the card's score.
Score breakdown, fees, rewards and perks
Score breakdown
- Yearly value27 / 63
These bars compare each part with other cards on its own, so they don't add up to Yearly value. How it is scored
- Rewards on the default spend15 / 37
About ₱7,000 a year in rewards on the typical household's spend, after caps and the foreign fee on foreign online spend. How the bars work
- Annual fee after waivers16 / 16
No annual fee. How the bars work
- Travel and perks on the default spend3 / 10
About ₱1,000 of travel value on one trip abroad a year, after the 3.50% foreign fee. How the bars work
- Promos and 0% installments6 / 15
0% installment network: fair. Promos: weak, judged by what a typical household would likely save from the promos this card gets, past and current, with 18 live promos tracked. How it is scored
- Points flexibility7 / 10
3 airline partners, and points that expire. How it is scored
- Credit limit and upgrade path4 / 5
World card level, plus how HSBC handles credit limit increases and card upgrades. How it is scored
- App and service3 / 5
Banking app: strong. Service: about typical. How it is scored
- Late fee0 / 2
A late fee of ₱1,500 for one missed payment, or the unpaid minimum due if that is lower. How it is scored
On the default spend: about ₱7,000 a year in rewards and ₱1,000 in travel value.
Score over time
Total score and tier on each data date, on the default spend.
- Between Oct 24 and Oct 26 the scoring method changed (2 changes), so part of that move is the method, not the card.
- Between Oct 26 and Oct 27 the scoring method changed (10 changes), so part of that move is the method, not the card.
- Between Nov 2 and Nov 4 the scoring method changed (a card with a higher income minimum for first-time applicants is no longer left out), so part of that move is the method, not the card.
- Between Nov 10 and Nov 11 the scoring method changed (3 changes), so part of that move is the method, not the card.
- Method changes
Fees and who can apply
- Annual fee
- Free for life
- Supplementary fee
- ₱0
- Fee waiver
- No annual fee
- Foreign transaction fee
- 3.50%
- Minimum income
- Not published
- Also needs
- HSBC Premier clients only: ₱3M Total Relationship Balance · Or ₱300k monthly salary credit, reaching ₱3M TRB in year 1
Rewards
For HSBC Premier clients. 4 points per ₱20 on foreign-currency spend, 3 points per ₱20 on local dining and department and apparel stores; HSBC does not state the base rate. Caltex fuel earns a 3% rebate, up to ₱600 a month. Drugstores, education and utilities earn no points.
Caps: ₱600 per month (fuel); ₱1,920 per month (dining, department stores, online shopping, foreign online spend, airfare, hotels, spending abroad)
- Type
- Points
- Points expiry
- 36
- Airline partners
- Asia Miles, KrisFlyer, PAL Mabuhay Miles
Travel perks
- International lounge visits
- None
- Local lounge
- None
- Travel insurance
- None
Strengths
- No annual fee for life
Watch out for
- High FX fee (3.50%): avoid using it abroad
- Rewards on fuel capped at ₱600 a month
Live and upcoming promos (18)
As of Nov 11, 2026. Check each promo's source before you rely on it.
- HSBCEnds Jan 31, 2027All HSBC credit cards
- HSBCEnds Jan 31, 2027All HSBC credit cards
- HSBCEnds Jan 31, 2027All HSBC credit cards
- MastercardEnds Mar 31, 2027Register firstAll Mastercard cards, any bank
- HSBCEnds Dec 26, 2026All HSBC credit cards
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- HSBCEnds Dec 14, 2026All HSBC credit cards
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- HSBCEnds Dec 31, 2026HSBC Mastercard cards
- MastercardEnds Jan 31, 2027All Mastercard cards, any bank
- MastercardEnds Jan 31, 2027All Mastercard cards, any bank
- HSBCEnds Dec 31, 2026All HSBC credit cards
- MastercardEnds Dec 31, 2026All Mastercard cards, any bank
What cardholders say (0)
Individual accounts, read by us before they appear but not checked with the bank. They never change this card's score.
No cardholder posts yet.