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HSBC World Elite Mastercard: no forex fees
June 16, 2018
7:06 am
Peter
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Forum Posts: 1407
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May 15, 2007
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Looks like another new, no foreign currency exchange fee credit card has showed up:

https://www.hsbc.ca/1/2/personal/banking/credit-cards/hsbc-world-elite-mastercard

HSBC had a couple of other very similar cards, but they both required you to be an HSBC client with a minimum amount of money invested with them. With this one, you don't have to be a client already.

From what I can see, the main details are:
* $149 annual fee, waived for the first year (if you apply before September 4, 2018)
* The equivalent of $150 in travel points after spending $1000 in 90 days (also if you apply before September 4, 2018)
* 3% back in travel rewards for travel purchases; 1.5% back in travel rewards in other purchases
* $100 credit per year for seat upgrades, baggage fees, and airport lounge passes
* No foreign exchange transaction fee (usually 2.5%)
* Emergency travel medical insurance; I can't find any information about other insurance offered with this card

Other recent new no-forex fee cards:
* Rogers World Elite Mastercard: no annual fee; 1.5% net rewards on foreign exchange purchases; 1.75% on everything else
* Scotiabank Passport Visa Infinite: $139 annual fee; 6 lounge passes; 2% back on grocery, dining, entertainment, and daily transit; 1% back on everything else
* Home Trust Preferred Visa: no annual fee; 1% back on all purchases

June 16, 2018
7:47 am
Top It Up
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December 17, 2016
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Lots of holes in THIS offer

31-day insurance coverage

Worldwide Emergency Travel Medical insurance. Enjoy longer trips with greater peace of mind (This coverage is only available if the primary cardholder is under age 65. Please note that travel in Cuba is not covered.)

Exciting travel benefits

• Receive a complimentary membership to Mastercard Airport Experiences Provided by LoungeKey. Each Primary Cardholder and Authorized User is entitled to access participating LoungeKey Airport Lounges at the current cost of US$27 per person, per visit (or equivalent foreign currency amount).

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