Now till 15th August 2025: Get up to 65,000 miles or Samsonite luggage worth S$1,470 with a new HSBC Premier Mastercard – even if you’re already an HSBC cardholder.
HSBC has launched a new welcome promotion for its Premier Mastercard, now offering either Samsonite luggage worth S$1,470 or up to 65,000 miles through a two-tier reward system. Running from 17th June 2025 to 15th August 2025, this promotion is available both to new cardholders and existing HSBC customers who don’t currently hold this specific card.
As usual, to pick up this card you must be an HSBC Premier customer in Singapore – so sadly it’s not open to everyone.
HSBC Premier Mastercard sign-up bonus
The latest welcome bonus introduces guaranteed sign-up bonus miles alongside traditional spend-based rewards, as shown in the following table.
| HSBC Premier Mastercard Sign-Up Bonus |
|
| Milestone | Reward |
| Upon approval | 15,000 miles (37,500 HSBC Reward points) |
| Spend S$2,000 – S$3,999 | Samsonite Spinner luggage (worth S$1,470) |
| Spend S$4,000+ | 50,000 miles (125,000 HSBC points) |
Cardholders who meet the S$4,000+ spending requirement receive 65,000 miles in total (15,000 + 50,000), plus base miles for the spend itself. Those preferring the S$2,000 – S$3,999 tier receive 15,000 miles plus premium luggage worth S$1,470.
To clarify, each customer may receive a maximum of one spend gift (the luggage or the 50,000 miles). Everyone gets the 15,000 miles sign-up gift.
Key promotion details
- Application period: 17th June 2025 to 15th August 2025
- Approval deadline: 31st August 2025
- Spend qualification period: 1-2 months from card approval, depending on card account opening date
- Gift fulfilment: Within 120 days of account opening
Eligibility and requirements
Eligible applicants:
- Must be HSBC Premier customers (minimum S$200,000 Assets Under Management – AUM)
- Must not currently hold a principal HSBC Premier Mastercard
- Must not have not cancelled a principal HSBC Premier Mastercard within the past 12 months prior to approval
Application requirements:
- Consent to receive marketing materials during application
- Pay S$490.50 annual fee (waived for Premier customers maintaining S$200,000 total relationship balance)
This eligibility scope is more generous than typical HSBC promotions, which usually exclude current holders of any principal HSBC credit card.
Spending requirements and timeline
Qualifying spend periods vary by account opening date, as outlined in the following table.
| HSBC Premier Mastercard Spend Periods |
|
| Card Opening Date | Qualifying Spend Period |
| 17 – 30 Jun 2025 | Until 31 Jul 2025 |
| 1 – 31 Jul 2025 | Until 31 Aug 2025 |
| 1 – 15 Aug 2025 | Until 30 Sep 2025 |
This gives you 1 to 2 months to meet the minimum spend, depending on your card approval date.
Qualifying transactions include posted retail purchases, with foreign currency amounts converted at prevailing exchange rates. Standard HSBC exclusions likely apply: government services, insurance premiums, utilities, education, charitable donations, and third-party payment platforms.
HSBC Points transfer options
The welcome bonus points can be transferred to 20 airline and hotel partners, with transfer ratios significantly impacting the effective value:
= Good transfer ratio
= Lousy transfer ratio
HSBC Airline FFP Transfer Partners
| FFP |  |
Transfer Ratio | |
 |
 |
30,000 10,000 35,000 |
|
 |
35,000 10,000 35,000 |
||
 |
25,000 10,000 25,000 |
||
 |
30,000 10,000 30,000 |
||
 |
35,000 10,000 35,000 |
||
 |
35,000 10,000 35,000 |
||
 |
 |
25,000 10,000 25,000 |
|
 |
25,000 10,000 25,000 |
||
 |
50,000 10,000 50,000 |
||
 |
25,000 10,000 25,000 |
||
 |
35,000 10,000 35,000 |
||
 |
 |
25,000 10,000 25,000 |
|
 |
25,000 10,000 25,000 |
||
 |
 |
25,000 20,000 25,000 |
|
 |
25,000 10,000 25,000 |
||
 |
35,000 10,000 35,000 |
||
As you can see some of these options fall into our ‘lousy’ category due to their adverse transfer ratios, which effectively reduce the ‘advertised’ miles per dollar earn rate of your card compared to a 2.5:1 partner – like Asia Miles.
HSBC Hotel Transfer Partners
| FFP | |
Transfer Ratio | |
 |
 |
25,000 5,000 25,000 |
|
 |
25,000 10,000 25,000 |
||
 |
25,000 10,000 25,000 |
||
 |
30,000 10,000 30,000 |
||
In all cases the transfer ratios shown in the tables above represent the minimum transfer of HSBC Reward points to loyalty programme miles or points – after that it’s flexible.
Transfer logistics are as follows:
- Processed instantly via HSBC Singapore app (exceptions: Hainan within 5 working days, JAL within 10 working days)
- No transfer fees
- Minimum 10,000 miles / points, then increments of 2 miles / 1 point
- Points pool across all your HSBC cards
Value depends on your chosen partner
For cardholders spending S$4,000 in local currency, total miles earned reach 69,800:
- Sign-up bonus: Up to 15,000 miles
- Welcome bonus: Up to 50,000 miles
- Base earning: Up to 4,800 miles (at 1.2 mpd)
However, the effective value depends heavily on transfer partner choice. You aren’t really getting the card’s ‘full’ earn rates if you transfer to some partners.
Effective mpd rates by FFP partner
* Promotional enhanced rate until 15th August 2025 (normally 2 mpd for 2.5:1 ratio partners)
Using the most favourable 25,000:10,000 ratios (e.g. British Airways Avios, Cathay Pacific Asia Miles), the full 65,000 bonus miles value is realised.
Less favourable ratios reduce the effective earning accordingly – for KrisFlyer it’s 54,167 bonus miles, for example.
Card overview and benefits
Here’s a quick overview of the HSBC Premier Mastercard, for those not familiar.
| Fast Facts
Annual fee: S$490.50 (waived for qualified Premier customers) |
| 65,000 miles when you spend APPLY HERE |
* Promotional enhanced rate until 15th August 2025 (normally 2 mpd)
One of the primary perks of the card are its World Elite Mastercard benefits, which comprise:
Lounge access: Four (Premier) or six (Premier Elite) annual Priority Pass visits
Airport transfers: One (Premier) or two (Premier Elite) quarterly limo transfers with S$12,000 quarterly spend
Elite status programmes:
- Hotels: Langham Ruby, Centara Platinum, GHA Titanium, IPrefer Titanium, Millennium Prestige, ONYX Platinum
- Car rental: Avis President’s Club
Additional perks: 3GB annual Flexiroam data, HoteLux Elite Plus membership, complimentary golf, travel insurance, restaurant reservations.
Terms and conditions
Full terms and conditions for this sign-up bonus are available here.
This latest sign-up promotion for the HSBC Premier Mastercard represents a significant improvement over previous iterations, primarily through the guaranteed 15,000 miles sign-up bonus for all.
The two-tier gift structure then accommodates different spending preferences for decent-value gifts, though most of our readers will want to aim for up to 50,000 additional miles (paid as 125,000 HSBC points), for a total stash of up to 65,000 miles.
HSBC Premier customers should evaluate this offer against their spending patterns and preferred loyalty programmes. The combination of guaranteed upfront miles, competitive welcome bonuses, and comprehensive World Elite benefits could make this a decent proposition – while the sign-up bonus is generous.
