The HSBC Premier Mastercard has cut its welcome bonus from 106,200 miles to 58,200 miles, but it's still available to existing cardholders, with a waivable annual fee.
Mastercard plans to launch a new ultra-premium World Legend tier, as well as new benefits for World and World Elite cardholders via The Mastercard Collection.
CardUp users can pay income taxes with a Mastercard and fees from 1.55%, reducing the cost per mile to as low as 0.76 cents. Redemption and payment caps apply.
From now till 28 Feburary 2026, Mastercard cardholders can enjoy a 12-month upgrade up to Ruby, the highest tier in the Brilliant by Langham loyalty programme.