HSBC Premier Points: 20% Avios Transfer Bonus in September 2026

HSBC Premier cardholders can earn a 20% bonus on every points transfer to British Airways Avios throughout September 2026. The offer runs from 1st September to 30th September, and applies to conversions into a BA Executive Club (Avios) account - making it a useful window to top up your balance if you have been sitting on a stockpile of HSBC points.

The promotion applies to both HSBC Premier credit cards - the free HSBC Premier Mastercard and the £290 per year HSBC Premier World Elite Mastercard. Here are the key facts:

One important note before you rush to transfer a large chunk of points: the bonus is showing in the terms and conditions on the HSBC website, but it is worth doing a small test transfer first to confirm the bonus is actually crediting before moving a significant balance across.

The HSBC Premier earning rates look a little confusing at first, so here is how it breaks down. HSBC points convert into Avios at a 2:1 ratio - meaning 2 HSBC points become 1 Avios.

The free HSBC Premier Mastercard earns 1.5 HSBC points per £1 spent in the UK (2 HSBC points abroad), which translates to 0.75 Avios per £1 in the UK. The £290 World Elite Mastercard earns 3 HSBC points per £1 in the UK (4 abroad), or 1.5 Avios per £1.

Now add the September bonus. Here is a worked example for World Elite cardholders:

Want to see exactly how far those Avios could take you? The Smart With Points Avios Value Calculator lets you plug in your balance and see what redemptions look like in pounds.

It is worth being honest here: 20% is lower than the historical norm. Looking back at previous HSBC transfer bonuses, they have consistently been at 25% since at least 2014. This September's offer is the first time in recent memory that the bonus has dipped to 20%.

So should you hold out for the next bonus, which will probably run in around six months, in the hope it reverts to 25%? That depends on your situation. A few things to consider:

There is also a chance that HSBC or Qatar Airways runs a separate bonus for transfers into Privilege Club - the current offer explicitly excludes Qatar, so one could follow later. But that is speculation, not a confirmed offer.

The process is straightforward if you already hold an HSBC Premier card linked to your BA Executive Club account. Here is how to do it:

You will need an active BA Executive Club account to receive the Avios. If you do not have one, signing up is free and takes a few minutes on the British Airways website before you initiate the transfer.

Yes - and this is the main barrier for most people. To hold either HSBC Premier credit card, you must already be an HSBC Premier current account holder. The Premier current account is free, but it carries significant eligibility requirements around income or savings levels. If you do not already hold the account, you cannot apply for either Premier credit card.

For those who do already qualify, the cards are genuinely competitive earners - particularly the free version, which offers 1.5 HSBC points per £1 in the UK at no annual cost. The World Elite card at £290 per year delivers 1.5 Avios per £1 spent domestically, which puts it in the same conversation as some of the better-known UK earning cards.

A few catches and limitations worth being clear about:

If you are weighing up what to do with the Avios once they land, the BA Avios Flight Calculator can help you model the cost of specific routes before you commit.

The 20% bonus applies to both HSBC Premier credit cards - the free HSBC Premier Mastercard and the £290 per year World Elite Mastercard. Both earn HSBC points that convert to Avios at the same 2:1 base rate.

No. The September 2026 bonus specifically excludes transfers to Qatar Airways Privilege Club. To receive the 20% uplift, you must transfer into a British Airways Executive Club account.

HSBC credit card points have a hard three-year expiry date. If any of your points are approaching that window, this transfer bonus is a good opportunity to move them into Avios before they disappear entirely.

Base Avios transfer instantly, as with all HSBC partner transfers. The 20% bonus Avios can take up to 14 days to arrive, though in practice they often appear almost immediately alongside the base transfer.

The HSBC Premier 20% Avios transfer bonus is a solid opportunity if you have been holding HSBC points and either have an imminent redemption in mind or are approaching the three-year expiry window. It is worth noting that 20% is below the 25% that has been standard for over a decade - so if your points are safe from expiry and you have no urgent need, waiting for the next promotion (likely around March 2027) to see whether HSBC reverts to 25% is a legitimate strategy.

For everyone else, the bonus runs until 30th September 2026 - do a small test transfer first to confirm the uplift is crediting before moving a large balance, and make sure you select British Airways Executive Club rather than Qatar Airways Privilege Club when initiating the transfer.

These are the top credit card welcome bonuses we're tracking. Offers change frequently - see all cards.

1. Platinum Card: 50,000 points after spending £6,000 in 3 months (£6.5/yr)

2. HSBC Premier World Elite Mastercard: Receive 40,000 reward points when you spend £2,000 on your card in the first 90 ... (£2.9/yr)

3. Gold Card: 30,000 points after spending £4,000 in 3 months (£1.95/yr (waived first year))

Looking to redeem your points? Here's what's available right now (via Award Travel Finder):

Hotels:

Status Matches:

• Flying Blue Status Match - Air France / KLM (SkyTeam)

• Flying Blue (New Markets) - Air France / KLM (SkyTeam)

• Flying Blue UK (BA Status Holders) - Air France / KLM (SkyTeam)

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