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HSBC · World Mastercard · Miles

HSBC Premier World Mastercard

Earns
1 mile per RM Overseas
Lounge
6 visits a year Plaza Premium
Min income
RM36,000 a year
Annual fee
Free for life 1% overseas fee, lower than most
See it on HSBC's site

Good for

  • Foreign currency spend in person abroad earns 10 points per RM1, or 15 in months you meet the Premier criteria (until 31 Dec 2026).
  • No annual fee for main or supplementary cards.
  • 6 Plaza Premium lounge visits and travel insurance up to USD500,000.

Watch out

  • Only for HSBC Premier customers with RM300,000 at HSBC.
  • Tap payments abroad and online spend in foreign currency miss the overseas bonus.
  • Petrol, government and JomPAY payments earn no points.

What it earns

Reward Points, per RM spent, and the miles they make in Enrich, KrisFlyer or Asia Miles.

SpendingEarnsDetails
Overseas / FX in-person in shops10 points per RM On the first RM1,667 a month. 0.67 miles per RM.
Dining, Groceries, EV charging and more in shops in ringgit8 points per RM On the first RM1,143 a month. 0.53 miles per RM.
Groceries in shops in ringgit5 points per RM On the first RM1,000 a month. 0.33 miles per RM.
Online shopping, Shopee and Lazada, Food delivery and more online in ringgit5 points per RM On the first RM1,000 a month. 0.33 miles per RM.
Everything else1 point per RM 0.07 miles per RM.
Petrol, Government / LHDN / JPJ and JomPAY / FPX / DuitNow to billersNothing

Points and transfers

Enrich
15,000 points for 1,000 miles Moved in blocks of 15,000 points.
KrisFlyer
15,000 points for 1,000 miles Moved in blocks of 15,000 points.
Asia Miles
15,000 points for 1,000 miles Moved in blocks of 15,000 points.

Travel

Airport lounges
6 free visits a year Plaza Premium. KLIA, Singapore Changi and Hong Kong. Main cardholder only. One visit a day, up to 3 hours. Guests 12 and over get 25% off.
Overseas spending fee
1% 1% HSBC conversion cost, plus any fee Visa or Mastercard adds.

Insurance

Free. Register before you travel; one registration covers trips that start within 12 months. Pay the full fare with this card, or with its points. For cardholders aged 18 to 69.

Medical bills on a trip
Up to USD500,000 For injury or sickness on the trip, including emergency evacuation. Your spouse and children are covered too, at 50% of each limit.
Trip canceled or cut short
Up to USD5,000 Delays over 4 hours and missed connections up to USD500. Luggage up to USD5,000, USD625 an item; bags over 4 hours late up to USD500.
Shopping and fraud cover
Online purchases up to USD200 A Mastercard e-commerce cover, separate from the travel cover.
Insurer
AIG Malaysia Insurance Claims go to AIG, not HSBC.

Fees and charges

What it costs if you don't pay in full, or use it for cash.

Annual fee
Free for life No spending needed to keep it free.
Extra (supplementary) cards
Free The RM25 service tax still applies each year.
Service tax
RM25 a year per card A government charge on every credit card in Malaysia, billed by the bank.
Interest
15%, 17% or 18% a year Depends on how reliably you paid over the last 12 months. None if you pay the full balance by the due date (20 days after your statement).
Minimum monthly payment
5% of the balance, or RM50 Whichever is higher, plus any instalments and unpaid past minimums.
Late payment
1% of the balance, RM10 to RM100 Charged when the minimum payment is late.
Cash withdrawal
RM8.70 fee per withdrawal Plus 8% service tax on the fee, and 18% a year interest from the day you take it out. No interest-free days. An unpaid cash advance also cancels the interest-free days on your other spending. HSBC also adds a handling charge at ATMs.
Replacement card
RM50

Who can apply

Income
RM36,000 a year or more
Who
HSBC Premier customers only
Age
21 or older Extra cardholders from 18.
Documents
  • MyKad, both sides
  • Employees: the latest EPF statement, plus 3 months of payslips, a commission statement, 3 months of bank statements, or Form BE with the tax receipt
  • Self-employed: business registration or trading license, plus 6 months of bank statements, the latest EPF statement, or Form B with the tax receipt or CP02
  • Supplementary cards: the supplementary cardholder's MyKad
New to HSBC? Apply in person at a branch. Foreigners must work for a multinational, listed or government employer, or an HSBC corporate lending employer. They need a passport, a work permit valid at least 1 year, a letter from the employer and 3 months of payslips or bank statements.

Other perks

Pay by phone
Apple Pay, Google Pay, Samsung Pay Add it in Apple, Google or Samsung Wallet, then verify it in the HSBC Malaysia app. A supplementary card needs the main cardholder to call HSBC.
Card network
World Mastercard

Where this comes from