HSBC World Elite Mastercard Canada – Get Canada’s Best Travel Credit Card Before It’s Too late

Best Travel Credit Card in Canada - HSBC World Elite Mastercard Canada

All the so-called “best travel credit cards in Canada” promoted by travel sites on the Internet have some things in common. Most of these cards do not provide zero foreign currency transaction fees and offer very low rewards on travel spending.

The HSBC World Elite Mastercard is one of the few travel credit cards in Canada that offers no FX fee on foreign currency transactions and a whopping 6 points per dollar spent on travel purchases. These points also are hybrid points that can be converted to airline points.

However, this not-so-well-known travel credit card is coming to an end due to the RBC buying HSBC’s Canadian portfolio. RBC does not offer any no foreign currency transaction fee and other benefits like the HSBC World Elite Mastercard offers. One of them is very extended travel medical insurance and even travel medical insurance for seniors beyond 65.

As of the writing this article, HSBC is still accepting applications for this card and I think you should get one right now as the window of opportunity is closing any time now.

No one knows at this point what RBC will do after acquiring the HSBC World Elite Mastercard. They may let existing account holders keep all the perks and features and stop issuing this card. They could also convert the HSBC World Elite Mastercard into an RBC World Elite MasterCard, cutting all the benefits. Another option, which is very unlikely, is that RBC may rebrand this card and keep issuing the same benefits and features under the RBC name.

Whatever the outcome is, it’s wise to get a HSBC World Elite Mastercard now and wait and see what happens. I just got mine last week and couldn’t be happier receiving it.