- Joining fee
₹12,000 + GST
- Annual fee
₹20,000 + GST (Waived for Premier Banking Customers)
- Best suited for
Travel, Shopping
- Reward type
Reward Points
Rewards
- Rewards rate
3 Reward Points/₹100 Spent
- Welcome benefits
20,000 Reward Points
- Reward redemption
Transfer RPs to Popular Airline/Hotel Programs or to Apple Imagine Vouchers at a 1:1 Ratio. Redeem Against E-Vouchers and More
Benefits
- Movie & dining
BOGO on BookMyShow (Up to ₹750) and 30% off Dining Bills with EazyDiner (Up to ₹1,250)
- Travel
8 Complimentary International Airport Lounge Visits for Guests
- Domestic lounge
Unlimited Airport Lounge Access (for Primary and Add-On Cardholders)
- International lounge
Unlimited Lounge Access
- Golf
Upto 24 Complimentary Golf Lessons Across India (Premier Account Benefit)
- Insurance
International Travel Insurance
Fees & charges
- Foreign currency markup
0.99% of the Transaction Amount
- Interest rates
2.99% Per Month (or 35.88% Annually)
- Fuel surcharge waiver
1% Fuel Surcharge Waiver
- Cash advance charges
Rs. 300 or 2.5% of the amount withdrawn, whichever is higher.
Product highlights
- This card is exclusive to HSBC Premier Relationship customers.
- 3 Reward Points for every ₹100 spent using the card.
- Reward Points are transferable to partner airlines’ AirMiles programs and hotel loyalty programs.
- Reward Points are redeemable for products, shopping vouchers, etc, on the bank’s rewards catalogue.
- Lower than usual foreign currency mark-up of 0.99%.
- Complimentary airport lounge access.
Pros & cons
Pros
- This card offers reward points on select categories for spends up to ₹1 lakh per month, which is especially valuable as it allows users to earn rewards on categories that are usually excluded, such as gold purchases and tax payments.
Cons
- The eligibility criteria for an HSBC Premier banking relationship are quite high, which makes this card suitable only for elite customers.
FAQs
What is the validity of the HSBC Reward Points?
HSBC reward points have lifetime validity.
Can the Reward Points be transferred to any frequent flyer program?
Reward Points can be transferred at a 1:1 ratio to more than 20+ international and domestic frequent flyer programs, including Maharaja Club, Etihad, and Singapore Airlines.
Can I get this credit card if I'm not an HSBC Premier customer in India?
No, only those HSBC customers who maintain a Premier Relationship with the bank in India are eligible for this credit card.