25% Transfer Bonus from HSBC Rewards to British Airways Avios (Ending Soon)

As a reminder, HSBC Rewards is offering a 25% transfer bonus to British Airways Executive Club to close out 2023. If you haven’t taken advantage of the promotion, you’ll want to act soon, as it’s set to expire on December 15, 2023.

This is lower than previous transfer bonuses of 30%, 35%, and 40% that we’ve seen since 2020, but still a worthwhile opportunity if you were planning to use HSBC Rewards points for Avios in the coming months.

This particular bonus is worth mentioning, since HSBC Canada credit cards are closed to applications in Canada, and the future of HSBC Rewards is in question with the upcoming acquisition by RBC.

HSBC to Avios 25% Transfer Bonus

From November 15December 15, 2023, you’ll receive a 25% bonus when you convert HSBC Rewards points to British Airways Avios.

The standard conversion ratio is 25,000 HSBC Rewards points = 10,000 Avios, so the ratio will be bumped up to 25,000 HSBC Rewards points = 12,500 Avios for the duration of this promotion – effectively, a ratio of 2:1.

Cardholders of any of HSBC’s premium travel rewards cards are eligible, including the HSBC World Elite Mastercard and its metal variant.

Be sure to transfer your points before December 15 at 11:59pm Eastern Time to be eligible for the bonus.

Keep in mind that HSBC Rewards follows a rather peculiar redemption structure when it comes to its trio of frequent flyer partners:

  • A minimum of 25,000 HSBC Rewards points must be redeemed at once
  • On top of the minimum amount, HSBC Rewards points may be redeemed in increments of 10,000 points

Therefore, you have the option of converting your HSBC Rewards points in chunks of 25,000, 35,000, 45,000, etc., earning you 12,500, 17,500 Avios, 22,500 Avios, and so on.

If you wanted to convert, say, exactly 50,000 HSBC Rewards points into 25,000 Avios, you’d need to do so in two transactions of 25,000 points each.

Should You Transfer HSBC Rewards to British Airways Avios?

If you have a large stash of HSBC Rewards points from previous signup offers or from regular spending on the card, then it’s worth thinking about whether the 25% transfer bonus represents the best use-case for you.

The baseline redemption method for HSBC Rewards is to offset against travel purchases at a rate of 200 points = $1, or effectively 0.5 cents per point. You simply charge any travel purchase to your card and then retroactively apply your points to the purchase to cover the cost.

Meanwhile, if you were to transfer HSBC Rewards points to Avios with a 25% transfer bonus in place, then we can think about how much value you’d need to redeem your resulting Avios for in order to beat the baseline redemption.

Let’s imagine that you have 50,000 HSBC Rewards points in your balance, which could be redeemed as $250 in travel purchases.

During this promotion, these 50,000 points can also be converted into 25,000 British Airways Avios – although keep in mind that you’ll need to make this transfer in two chunks of 25,000 points each, as outlined above.

In my view, 25,000 Avios is easily the more attractive option here – you’d simply need to redeem them for at least 1 cent per point in order to come out ahead compared to the baseline option for statement credit.

Convert HSBC Rewards to Avios to fly Qatar Airways Qsuites

Extracting 1 cent per point from your Avios should be pretty effortless, whether you’re looking to convert Avios to Qatar Airways to book Qsuites, Toronto–Dublin on Aer Lingus, short-haul flights on Oneworld carriers within other parts of the world, or a creatively-assembled Avios multi-carrier booking around the world.

Additionally, with a 25% bonus in place, the Avios transfer option also handily beats out the other two frequent flyer partners: converting at a 25:9 ratio to Singapore Airlines KrisFlyer or a 25:8 ratio to Cathay Pacific Asia Miles – unless, of course, you’re dead-set on earning KrisFlyer miles so you can fly Singapore Suites one day.

On the other hand, the future of HSBC Rewards is in question, as HSBC Canada is set to be acquired by RBC. Therefore, there’s no telling if there will be another transfer bonus, or if your HSBC Rewards points will be converted into RBC Avion points, for example.

If you have a redemption lined up in the Avios ecosystem, it’s worth taking stock of the current opportunity, as it may very well be the last.


Until December 15, 2023, HSBC Rewards is offering a 25% transfer bonus to British Airways Avios, which represents a great opportunity to extract maximum value out of your HSBC Rewards points.

If you have HSBC Rewards points sitting in your account and have been eyeing an Avios conversion, now’s the time to take action and maximize your earnings, especially with the pending acquisition of HSBC Canada by RBC.

You might need to plan out some of your spending to top up to the required points thresholds for a transfer, but I’d expect that effort to be well worth it in terms of the ultimate redemption value.

With a 25% transfer bonus continuing a trend of declining yearly transfer bonuses from HSBC to Avios, this might be a last hurrah before HSBC Bank exits Canada. Consider capitalizing on this promotion now, or holding onto your points until RBC’s acquisition of HSBC is complete if you’d prefer to roll the dice on a wait-and-see approach.

This is a recurring article, regularly updated with the latest round of offers. Some comments may refer to past offers that are no longer available.

  1. Derek H

    why are there comments from 3 years ago?

    anyway, the website shows 25000 = 10000. chatting with support and they say it’s the same and that the current rate is 25000 = 10000.

    this is nov 15 2023 in case someone is reading useless comments from 3 years ago

    1. christopher

      Hi, the info is still accurate.
      Just to make it clear for everyone, HSBC Canada has always use the same 25:10 HSBC points to BA Avios ratio. 25:9 for Krisflyer and 25:8 for Asia Miles. So 25,000 HSBC points will get you 10,000 BA Avios + 2,500 (25%)

  2. Tom

    HSBC Rewards website still shows the usual 25k points = 10k Avios, but I just called HSBC Rewards and they confirmed the promotion, as well as that the bonus will be added automatically. Thank you Ricky for letting us know beforehand!

    1. Laryngospasm

      Thanks for this. I noted the same thing when I went to the HSBC Rewards website. I’m still nervous about doing the conversion as I’ve banked a hefty sum. I chatted with a rep who gave me the Rewards Team number to call to confirm (M-F 9-20:00 EST & Sat 9-17:00 EST only): 1866-688-4722/1-866-611-4722 for those nervous Nellies like me to confirm.

      1. Paulk YYZ

        I just converted 25000 hsbc points and did receive 13000 avios. It worked fine.

    1. Rachel YYZ

      This is HSBC only, and only applies to British Airways Avios.

  3. KB Yeoh

    Hi. Does anyone know of this offer now in June 2022 apply to all HSBC WE customers or just the Canadian ones ?!

  4. Paulk YYZ

    HSBC certainly don’t seem to be promoting these bonuses to its cardholders. I logged into my HSBC WE account rewards section, and don’t see any notification of this, nor have I received an email with an alert.

    Banks are not great communicators in my experience. Ricky and team, they should hire you guys as consultants. You guys are my “go to” people to find out what’s going on in the travel and travel rewards space.

  5. Raul

    I hope RBC is listening

  6. Haruna

    This works! I got my 40% Avios posted!
    FYI: they took 3 days for me (transferred points on Wednesday, got Avios on Saturday)!

  7. JJ Adam's

    I have tried logging in a few times now and there is no mention of the transfer bonus/promotion anywhere. When i add the points to the ‘cart’ the bonus is not reflected either. Is there anyway to guarantee the 40% before submitting the transaction?


    1. Neil

      As mentioned below Omar and I both tested transfers of 25K HSBC miles and received 14K Avios so it is working with the 40% bonus. Great promotion offer HSBC. Don’t notify anybody and don’t even display it in the rewards for miles page.

  8. Glen Alfred Doucet

    Seems like its been 2 years since RBC did a conversion bonus with BA…you hearing anything on this?

  9. Steve

    Just took a look for J class Avios redemption seats next summer YVR to LHR. Seems there’s nothing available all summer and only a few days here and there in the spring. Have they been booked or not yet released?

  10. Prashant

    It works. Trial 25k avios transfer got me 14000 British airways. Went all in with the rest of 200k hsbc!

    1. Marcus

      Thanks champ

  11. HonMun

    Which will be the best redemption option for YVR to TYO on Business Class: Avios or AsiaMiles?
    Thank you

    1. Ricky YVR

      61,000 Asia Miles vs. 77,250 Avios.

    2. Jay*

      Can’t just search yourself?

  12. Omar YYZ

    Read on other blogs that the transfer is going through with the 40% bonus, but not shown on checkout. Im testing the waters now with 25000 pts and will report on the outcome.

    1. Omar YYZ

      Worked just fine. I got 14000 avios today for my 25000 HSBC. Only took a day.
      Now its time to move the rest over!

      1. Omar YYZ

        Sorry, wrong thread. will repost.

  13. Neil

    Must be targeted for Ricky 🙂 I applied in November and I’m sitting on 115K points and waiting in the weeds. Since meeting the 5K MSR I’ve hardly used it except recently to cash out the travel enhancement credit for AC seat selections.

    1. Neil

      Like Omar I also ran a test redemption of 25K HSBC and juts received 14K Avios miles. Yea! Cashed in the rest of my allowable HSBC points.

  14. George

    I also do not see the 40% bonus message. Can anybody confirm that the transfer bonus exisits. I am currently sitting on 400k HSBC reward points and would like to transfer them out with a bonus.

  15. Danny

    I logged in and also don’t see any reference to the 40% bonus. Is it somehow targeted or not active yet?

    1. Jay

      Chatted with HSBC rep. The rep says the deal is active. I mentioned that I could not find any reference on any HSBC official URLs. I asked her if she is aware of any URLs. She says no but can look into it. In the meantime, she sent me a link to a blog that mentions the deal… voila,she sent me to princeoftravel.com 🙂

      1. Danny

        Looked around a bit more and seems there are also multiple DPs on reddit confirming this unadvertised bonus also

  16. Lily

    I just talked to HSBC rewards customer service Rep. I was told no such offer of 40% bonus AVIOS. He asked me where did I see this info. He asked to phone BA. Where is the source of this info? Anyone has a link for this offer?

    1. Ricky YVR

      HSBC confirmed the promotion with us directly. As Jay mentions above – the link is here.

  17. John

    For anyone considering montreal-casablance, I just priced it out compared to aeroplan. Aug 18-26th.

    Avios, round trip: 124,000 avios + $524 USD. (I think it is USD anyway)
    Aeroplan: 113400 + $157.19 CAD.

    Both business class. AC has lie flat seats on that route too. The transfer bonus certainly makes Avios cheaper but that is a sizeable difference in cash cost.

    I have more aeroplan than I can use at the moment so personally I think I’ll go for the cashback rather than keep a speculative avios balance. Can see going the other way though.

    Aeroplan pricing was with a premium credit card, no aeroplan status. Yet 😉

    1. Omar YYZ

      Ricky.. Just applied for the American Express business reserve card. I already have the personal reserve card from last year. Am I correct in assuming that I can put $5,000 in food spending on both cards to meet the 25k status and then put the balance of the $10,000 on the business reserve card before the end of November? Or am I forced to meet the spending by October 15th since I have the personal reserve card already. As always,your infinite wisdom is appreciated! LOL

      1. Omar YYZ

        Sorry.. My goal is to get to 35K status if possible. I have no status at the moment.

  18. Omar YYZ

    great timing since my card is coming up for renewal in sept. but i dont the promo on their site. maybe not updated yet?

    1. Ricky YVR

      HSBC confirmed the promotion directly with us. It’s a mystery to me that it isn’t displayed anywhere online, either.

  19. Larry

    With regards to the new 40% bonus until the 31 July 2021, I cannot see any reference to it when signed into HSBC account or Rewards, nor would 2 different people in HSBC Rewards would hear about it , they all confirmed they do not have any info to support the claim…
    Having over 100k HSBC pts sitting around, just want to make sure…
    Is it anecdotal or targeted? Any official link to source

    1. Phyuk Yu

      Same concern nothing on HSBC website and called in to check agents had no clue about this. Seeing some positive DP’s but this could be targeted? Ricky please confirm official source thanks.

  20. Omar YYZ

    Im currently sitting on 95000 HSBC points and my card is due to renew in Sept. If another 35% AVIOS bonus presents itself this fall, would it favorable to keep the card for another year and pay the $149 fee to get the bonus points? My calculations seem to show that I would receive 38,000 avios points now OR 51,300 avios points during the 35% promotion. The difference in value (51300-38000=13,300 @ $.017= $226 bonus) SHOULD outweigh the cost of another years fees.


    1. Josh YVR

      If you use the travel enhancement credit, your keeper fees are only $49. I’d say it’s worth it to hold the card – gives you a good no FX option for another year.

      1. Omar YYZ

        good catch..another little bonus.

        Any idea what the data points show for reapplying for this card once youve cancelled?

  21. Paul A Russell

    Hi Ricky–

    I was one of the April sign ups for the lesser 60,000 point offer. HSBC continues to frustrate me. I got the 20,000 point initial bonus (upon first purchase). I then spent $5,000 on the card in the first couple of months. I then found out about having to wait until the 6 month window passed before the remaining 40,000 points are credited.

    However, now that 6 months has passed, there’s still nothing. I phoned in, and they are now saying that you get credited “within two billing cycles after the 6 month mark”. This means I miss the 35% Avios bonus transfer window for those points in November. In addition, if there is no activity on your account in a month, they don’t create a statement. My billing statements are now Oct 9 (my last one) and then jumps to Dec 9 (missing November, since I had no activity). It’s not clear whether this further extends the time to get the 40,000 points.

    I have to say, customer service in this regard has been awful too, with long waits, conflicting information, and transfers back and forth between the rewards people and the credit people. Plus, I had to go into a branch (5 miles away) in April at the height of the first wave to apply for the card. Needless to say, this is the first and last HSBC credit card I’ll ever own.

    I don’t expect banks to have American Express level service, but it’s got to be better than this.

  22. James

    Hi Ricky, I had the HSBC WE Card and cancelled it in December 2019. I currently have an HSBC Premier WE Card. If I reapply for the HSBC WE card now, would I receive the 100K bonus?

    1. Kyrie English

      Call your RM tofind out?

  23. Kyrie English

    Is it possible to use the refundable hotel trick to get the points and transfer them before Nov30?

    1. Ricky YVR

      You mean get points based on your spending? In theory yes but you’d end up with a negative points balance after you refund the hotel, and that’s never good.

  24. Ed YVR

    Hey Ricky, is there a link for this? There is no mention of this promo anywhere on the HSBC rewards portal. Thanks!

Your email address will not be published. Required fields are marked *

Have an Account? Click here to Login