HSBC has launched a promotional program allowing cardholders to earn up to 7.5 miles per dollar on airline, hotel, and rental car bookings made through the HSBC Travel with Points portal in designated Premier Destinations. This offer is valid during specific promotional periods in selected countries, providing significantly higher earning rates compared to standard rewards.
To take advantage of this program, travelers must book via the HSBC app and ensure the destination qualifies as a Premier Destination at the time of booking. The websites suggest that, despite the high reward rates, users should compare prices on other travel platforms like Expedia to prevent overpaying, which could negate the value of the bonus miles earned.
The program also highlights the transferability of HSBC Points to 20 airline and hotel partners, with ratios varying by partner. Despite the enticing earning potential, the article emphasizes the poor value of redeeming points for cash offsets, as the exchange rate of 250 points to S$1 equates to only 1 cent per mile. The article concludes by advising consumers to carefully evaluate both price and reward strategies when booking and to consider other options to maximize their mileage gains.
