HSBC launches elite luxury credit card for world travellers
HSBC has launched a premium credit card it says caters to the needs of the bank's globe-trotting clients. The black metal Premier World Elite Mastercard comes with no foreign transaction fees and up to 15% reductions at spas, restaurants and selected duty-free shops -- among many other perks. Pablo Sanchez, head of retail banking and wealth management for HSBC in the US and Canada said the card "represented the most valuable collection of features and benefits ever offered in an HSBC credit card".

EXCLUSIVE – HSBC has a new credit card, the bank announced today.

The card is called the HSBC Premier World Elite Mastercard Credit Card, and is designed deliberately to target travelers.

The bank describes the card as a luxury credit card. The new credit product is a black metal card, that weights noticeably more than a traditional plastic card. HSBC did not reveal the credit limit or range of this card.

An aspect of the credit card that seems to have garnered attention as the sweet spot from both fintechs and tradition financial institutions is in rewards space.

Other benefits and rewards include no foreign transaction fees, unlimited Boingo WiFi access at over one million hotspots, $85 application fee credit for TSA PreCheck, and $100 annual statement credits for Uber and Lyft rides, up to $100 in annual air travel statement credit benefit, in addition to other shopping and travel benefits.

The card is powered by Mastercard.