The current welcome bonus offer for the HSBC World Elite® Mastercard® provides up to 80,000 bonus HSBC Rewards points for new cardholders. On top of the new 80,000 point bonus is also a first year annual fee rebate for the primary cardholder. Once you have those 80,000 points they are worth $400 towards any travel! Since Quebec doesn't allow the first year free waiver the offer there is a whopping 110,000 points worth $550 towards travel but you do have to pay the annual fee so you end up with $401 in travel value.