HSBC Premier Credit Card

Name: HSBC Premier Credit Card
Brand: HSBC
Price: 12000 INR
Availability: InStock
Rating: 4 (1 reviews)

Overview

HSBC's Premier Credit Card is built around travel rewards. You earn 3 points per ₹100 on everyday spending, and those points never expire. The real value shows up in transfers: 1:1 conversion to frequent flyer miles at 15 airlines including Singapore Airlines, British Airways, Japan Airlines, Qatar Airways, and Air India. Five hotel loyalty programs also accept 1:1 transfers, covering Marriott, IHG, Accor, and Wyndham. You can also redeem 1 point for ₹1 at the Apple online store.Lounge access is the card's standout travel perk. Primary cardholders get unlimited visits to both domestic and international airport lounges through LoungeKey, with no quarterly caps. You also receive 8 complimentary international guest visits per year. The 0.99% forex markup is the lowest available on any Indian credit card, making this a strong pick for international spending. International travel insurance covers lost luggage, flight delays, and travel documents.Beyond travel, the card delivers solid lifestyle perks. BookMyShow buy one get one tickets work any day of the week. EazyDiner dining gives 30% off your bill, up to ₹1,500. Bicester Collection Villages in Europe provide VIP guest experiences, private sale events, and reserved parking. Mastercard's luxury hotel program cove₹3,800+ destinations with complimentary room upgrades, early check-in, and late checkout.This card is exclusively for HSBC Premier banking customers. To qualify for Premier, you need a Total Relationship Balance of ₹50 lakh, or a net monthly salary of ₹3 lakh credited to your HSBC account, or a mortgage of ₹1.15 crore with ₹50 lakh TRB within 12 months. The joining fee is ₹12,000 and the annual renewal costs ₹20,000, but the annual fee gets waived as long as you maintain Premier status.

Pros

↑Unlimited airport lounge access for the primary cardholder plus 8 international guest visits, the most generous lounge benefit among Indian credit cards
↑0.99% forex markup is the lowest on any Indian credit card, saving up to 2.5% compared to the typical 3.5% charged by most banks
↑1:1 reward point to air mile conversion across 15 airlines including Singapore Airlines, British Airways, Japan Airlines, and Qatar Airways

Cons

↓Only available to HSBC Premier customers who maintain ₹50 lakh TRB or ₹3 lakh monthly salary, restricting access to a very small applicant pool
↓₹12,000 joining fee is non-refundable, and the ₹20,000 annual renewal requires maintaining Premier banking status for waiver
↓No reward points earned on fuel transactions, insurance premium payments, or government-related charges, reducing the effective earn rate for these categories

Key Highlights

Welcome Offer
20,000 welcome reward points on card activation
Earn 20,000 reward points when you start using your card
Points credited after first transaction
Subject to terms and conditions
Points can be converted to air miles at 1:1

Reward Rate
3 reward points per ₹100, never expire
3 points earned per ₹100 on eligible spends
Points have no expiry date
1:1 air mile conversion across 15 airlines
1 point = ₹1 at Apple online store

Minimum Salary
Existing HSBC Premier customer required
TRB of ₹50 lakh OR salary of ₹3 lakh/month
Or mortgage of ₹1.15 crore + TRB within 12 months
Age: 18 to 65 years
Available in select Indian cities

Joining Fee
₹12,000 joining fee
Joining fee charged after card activation
Non-refundable one-time charge
20,000 welcome points partially offset the cost
GST applicable on all fees

Annual Fee
₹20,000 annual (waived with Premier status)
Annual renewal fee of ₹20,000
Waived if HSBC Premier eligibility maintained
Premier requires ₹50 lakh TRB or ₹3 lakh salary
GST charged on all fees as applicable

Why Choose?
Unlimited lounges + 0.99% forex markup
Unlimited domestic and international lounge visits
8 complimentary international guest visits per year
0.99% forex markup, lowest in India
International travel insurance included

Key Benefits

Dining

★4.0

▼

30% off dining bills at EazyDiner restaurants, up to ₹1,500
BookMyShow buy one get one ticket offers available all week
Hotel membership dining privileges at Marina Bay Sands, GHA Discovery, Langham
3 reward points per ₹100 earned on restaurant spending

Fuel

★3.0

▼

1% fuel surcharge waiver at all fuel stations across India
Applicable on transactions from ₹400 to ₹4,000
No reward points earned on fuel transactions
Standard waiver with no exceptional fuel benefits

Lifestyle

★4.0

▼

Bicester Collection VIP access with private sale events and reserved parking
BookMyShow entertainment offers every day of the week
EazyDiner 30% discount on dining bills
Mastercard luxury hotel upgrades, early check-in, and late checkout
Lost card liability coverage up to ₹3,00,000

Premium

★4.5

▼

Exclusive to HSBC Premier banking customers (₹50 lakh TRB minimum)
Mastercard World tier with global luxury hotel program
0.99% forex markup, best-in-class for Indian credit cards
Benefits worth up to ₹2.5 lakh annually per HSBC
Dedicated Premier customer service and worldwide assistance

Reward Points

★4.5

▼

3 reward points per ₹100 spent on eligible transactions
Points never expire, no annual reset or forfeiture
1:1 conversion to air miles at 15 airlines (Singapore Airlines, BA, JAL, Qatar)
1:1 transfer to 5 hotel loyalty programs (Marriott, IHG, Accor, Wyndham)
1 point = ₹1 at Apple online store plus up to 5% cashback

Shopping

★3.0

▼

3 reward points per ₹100 on all eligible retail purchases
1 point = ₹1 at Apple online store with up to 5% cashback
No accelerated earn rates on specific shopping categories
EMI conversion available via Balance Transfer, Cash-on-EMI, Loan-on-Phone
Bicester Collection VIP shopping privileges in Europe

Travel

★5.0

▼

0.99% forex markup, the lowest on any Indian credit card
International travel insurance for lost luggage, delays, and documents
Up to 12X reward points via Travel with Points on hotels, flights, car rentals
Luxury hotel program with upgrades at 3,800+ destinations via Mastercard
20% off hotel bookings with Agoda, free night at Mastercard participating hotels

Airport Lounge Access

▼

Unlimited domestic and international lounge visits for primary cardholder
Access via LoungeKey linked to Mastercard
8 complimentary international guest visits per year
No quarterly caps or minimum spend requirements
Over 1,400 airport lounges worldwide

Detailed Information

Joining Fee	₹12,000
Annual Fee	₹20,000
Annual Fee Waiver	Waived if HSBC Premier eligibility criteria maintained
Monthly Percentage Rate	3.49%
Annual Percentage Rate	41.88%
Minimum Monthly Payment	5% of outstanding or ₹200, whichever is higher
Foreign Currency Markup	0.99%
Late Payment Charges	Up to ₹1,300 based on outstanding balance
Overlimit Charges	2.5% of overlimit amount
Cash Advance Fee	2.5% of amount (min ₹500)
Balance Transfer Fee	Available at promotional interest rates
Fee For Supplementary Card	Contact HSBC for details
Card Replacement Fee	₹100
Fee For Duplicate Statement	₹50 per statement
Fee For Cheque Bounce	₹500

Age Requirement Salaried	18-65 years
Age Requirement Self Employed	18-65 years
Minimum Annual Income Salaried	Must be HSBC Premier customer (TRB ₹50 lakh or salary ₹3 lakh/month)
Minimum Annual Income Self Employed	Must be HSBC Premier customer (TRB ₹50 lakh)
Minimum Credit Score	750+

Identity Proof	PAN Card (mandatory) Aadhaar Card Passport Voter ID
Address Proof	Aadhaar Card Passport Utility Bill (recent) Bank Statement
Income Proof Salaried	Latest 3 months salary slips Latest 3 months bank statement Form 16 or ITR
Income Proof Self Employed	Latest 2 years ITR Latest 6 months bank statement Business proof documents

Frequently Asked Questions

The joining fee is ₹12,000, charged after you activate your card. This is a one-time payment and is not refundable.

The annual renewal fee is ₹20,000. HSBC waives this fee if you continue to meet the HSBC Premier eligibility criteria: maintaining a Total Relationship Balance of ₹50 lakh, or a monthly salary credit of ₹3 lakh, or a qualifying mortgage relationship.

You earn 3 reward points for every ₹100 spent on eligible transactions. Fuel purchases, insurance premiums, and government payments do not earn reward points.

No. Reward points earned on the HSBC Premier Credit Card never expire. You can accumulate and redeem them at your own pace without worrying about annual resets or forfeiture deadlines.

Open the HSBC India mobile banking app and go to the rewards section. Select the airline partner you want to transfer to, enter the number of points, and confirm. Most transfers happen at a 1:1 ratio and are processed instantly.

You can transfer points to 15 airline partners: Air India, AirAsia, Air France-KLM, British Airways, Etihad, EVA Air, Hainan Airlines, Japan Airlines, Singapore Airlines, Qantas, Qatar Airways, Thai Airways, Turkish Airlines, United Airlines, and Vietnam Airlines.

Five hotel chains accept point transfers: Accor (1:1), IHG (1:1), Marriott Bonvoy (1:1), Shangri-La (5 points per 1 hotel point), and Wyndham Rewards (1:1). Transfers happen through the HSBC India app.

Most airlines transfer at 1:1 (1 HSBC point = 1 air mile). Three exceptions apply: AirAsia converts at 1 point to 3 BIG Points, Hainan Airlines at 2 points per 1 mile, Turkish Airlines at 2 points per 1 mile, and United Airlines at 2 points per 1 mile.

Primary cardholders get unlimited domestic and international airport lounge visits with no caps per quarter or year. You also receive 8 complimentary international guest visits annually.

Yes. The primary cardholder gets unlimited visits to both domestic and international airport lounges. There are no quarterly limits or minimum spending requirements. Guest visits are capped at 8 international visits per year.

Yes. You get 8 complimentary international guest visits per year. For domestic lounges, guest access policies vary by lounge. Present your HSBC Premier Credit Card at the lounge entrance for verification.

The foreign exchange markup is 0.99% on all international transactions. This applies globally with no conditions or minimum spend requirements. Most other Indian credit cards charge between 2% and 3.5%, making this the lowest available markup.

Yes. The card includes complimentary international travel insurance that covers lost luggage, flight delays, loss of travel documents, and related expenses. Coverage activates automatically when you use the card for travel bookings.

You get a 1% fuel surcharge waiver at all fuel stations across India. This applies on transactions between ₹400 and ₹4,000. Note that fuel transactions do not earn reward points.

No. Fuel transactions are excluded from the reward points program. You still get the 1% fuel surcharge waiver, but no points accumulate on fuel purchases.

You get buy one get one free ticket offers at BookMyShow, available any day of the week. Use your HSBC Premier Credit Card at checkout to apply the offer automatically.

EazyDiner gives you 30% off your dining bill, up to ₹1,500 per visit. The Mastercard luxury hotel program also includes dining privileges at participating properties worldwide, including Marina Bay Sands, GHA Discovery hotels, and Langham properties.

You must be an existing HSBC Premier banking customer. This means maintaining a Total Relationship Balance of ₹50 lakh, or earning a net monthly salary of ₹3 lakh credited to HSBC, or holding a mortgage of ₹1.15 crore with ₹50 lakh TRB within 12 months. Age requirement is 18 to 65 years.

Three paths qualify you for HSBC Premier in India. First: maintain an average quarterly TRB of ₹50 lakh. Second: maintain a salary account with ₹3 lakh net monthly credit. Third: hold a mortgage of ₹1.15 crore and reach ₹50 lakh TRB within 12 months of the first mortgage disbursement.

The monthly interest rate is 3.49%, which works out to an annual percentage rate of 41.88%. This applies to any outstanding balance not paid by the due date. Always pay the full statement amount to avoid interest charges.

Yes. HSBC provides multiple EMI options: Balance Transfer on EMI, Cash-on-EMI, and Loan-on-Phone. You can convert eligible purchases into monthly instalments through the HSBC India app or internet banking.

You get insurance coverage for any misuse of your card from 24 hours before you report it lost, up to ₹3,00,000. Report a lost or stolen card immediately through HSBC phone banking or the mobile app to activate this protection.

Travel with Points lets you earn up to 12X reward points when booking hotels, flights, and car rentals through the HSBC travel portal. This accelerated earning applies on top of your base earn rate and can significantly boost point accumulation for travel bookings.

Since you must already be an HSBC Premier customer, most documents are already on file. You may need to provide a PAN Card, Aadhaar, recent salary slips or ITR, and address proof. Contact your HSBC relationship manager to confirm the specific documents required for your application.

The HSBC Premier Credit Card runs on the Mastercard network. This gives you access to Mastercard's global acceptance network, LoungeKey airport lounge program, and luxury hotel partnerships at over 3,800 destinations worldwide.