I am looking at HSBC for numerous reasons right now for retail banking and I was investigating the Premier membership mostly because It will allow opening local bank accounts overseas based on my US account. I was poking around and found this offer Its a STEEP minimum balance, $100k and I am still a little mystified as to how much theses points are worth. http://www.plasticiq.com/blog/review-of-the-hsbc-premier-world-mastercard/ seems to say that they are worth $0.0167 apeice which would make this worth $~1250 or so. Anyone have any experience with this? The $100k seems steep to me, but I thought people might find this useful.