HSBC has renewed a deal
with MasterCard Worldwide to use its network
for its Premier credit card product, aimed at high
end retail banking customers.

The deal runs until 2015.

“We have developed the HSBC Premier credit
card in partnership with MasterCard during the last decade and are
pleased to renew our commitment to that partnership,” said Richard
Harvey, HSBC global head of cards. 

“The Premier MasterCard credit card is a key
component of our service for our customers.”

The credit card’s protection
benefits include a free next day emergency card replacement
and travel insurance.

“We are very excited that HSBC has chosen to
extend our relationship as we work together to provide Premier
credit cardholders with an enhanced value proposition,” said Walt
Macnee, President of International Markets, MasterCard