HSBC Premier Credit Card

Key Features & Benefits

The HSBC Premier Credit Card transforms your spending into exceptional value with a straightforward 3 reward points per ₹100 spent across all categories, delivering a consistent 3% return. For travel enthusiasts, the card multiplies rewards up to 12X on hotel, flight, and car rental bookings through the Travel with Points program. Your reward points never expire and can be instantly converted 1:1 to air miles and hotel loyalty points through the mobile app, or redeemed at ₹1 per point at Apple stores and select partners with additional cashback up to 5%.

Travel becomes truly premium with unlimited lounge access for cardholders at over 1,400 airports worldwide, plus 8 complimentary international guest visits annually. The industry-low 0.99% foreign exchange markup ensures you save significantly on every international transaction. International travel insurance covers lost luggage, delays, and travel documents, while exclusive Mastercard benefits unlock up to 20% savings on hotel bookings via Agoda and one free night at participating hotels.

Beyond travel, enjoy everyday conveniences like 1% fuel surcharge waiver on transactions between ₹400-₹4,000 at all Indian fuel stations, airport meet-and-greet services, airport transfers, and exclusive discounts on Apple and Samsung products. The card also provides robust security with fraud protection coverage up to ₹3,00,000 for lost card misuse, along with flexible balance transfer and EMI options for large purchases.

All You Need to Know About: HSBC Premier Credit Card

The HSBC Premier Credit Card is a premium Mastercard offering designed exclusively for HSBC Premier banking customers who maintain substantial financial relationships with the bank. Launched as part of HSBC’s premium banking suite, this card combines robust rewards earning, exceptional travel benefits, and luxury lifestyle privileges to cater to affluent individuals and frequent international travelers.

At its core, the card offers a straightforward rewards program with 3 reward points earned on every ₹100 spent across all categories without any restrictions or capping. This translates to a consistent 3% return on all your spending. The rewards structure becomes even more attractive for travel enthusiasts through the Travel with Points program, where cardholders can earn up to 12X reward points when booking hotels, flights, and car rentals through designated channels. Every reward point is worth ₹1 when redeemed at the Apple online store or select partner platforms, with additional cashback offers of up to 5%. The standout feature is that reward points never expire, providing flexibility in redemption timing. Through the HSBC India Mobile Banking app, cardholders can instantly convert their reward points 1:1 to air miles and hotel loyalty points with partner airlines and hotel chains.

Travel benefits form the cornerstone of this card’s value proposition. Cardholders enjoy unlimited complimentary access to over 1,400 airport lounges globally, covering both domestic and international airports with no quarterly or annual visit limits. Additionally, the card provides 8 complimentary international guest lounge visits per year. The ultra-competitive 0.99% foreign exchange markup on international transactions sets this card apart from competitors who typically charge 3-4% markup. Comprehensive international travel insurance protects against lost luggage, flight delays, lost travel documents, and other travel-related mishaps. Through exclusive Mastercard partnerships, cardholders can save up to 20% on hotel bookings via Agoda and enjoy one complimentary night at participating hotels.

The welcome offer provides new eligible cardholders with 20,000 reward points upon completing their first transaction within 30 days of card issuance. This limited-time offer is valid until 31st October 2025 and applies to primary cardholders who pay the ₹12,000 joining fee. The card charges an annual fee of ₹20,000 plus GST, but this is waived for customers who maintain HSBC Premier eligibility. Eligibility can be achieved through three pathways: maintaining an average quarterly Total Relationship Balance of ₹40 lakh across all HSBC accounts, maintaining a salary account with net monthly salary credits of ₹3 lakh, or holding a mortgage relationship of ₹1.15 crore with the commitment to meet TRB criteria within 12 months of mortgage disbursement.

Additional lifestyle and convenience features include a 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000 at all fuel stations across India, exclusive partner offers with discounts on Apple and Samsung products, airport meet-and-greet services, airport transfer privileges, hotel membership perks with room upgrade privileges at select international luxury hotels, emergency assistance services, and robust fraud protection with coverage up to ₹3,00,000 for misuse of lost cards. The card also offers flexible balance transfer and EMI conversion options for managing larger purchases. With its combination of premium rewards, travel benefits, and lifestyle privileges, the HSBC Premier Credit Card targets high-net-worth individuals, frequent international travelers, and established HSBC Premier banking customers seeking a comprehensive premium credit card experience.

Pros & Cons

How to Apply

Step 1: Ensure you meet HSBC Premier eligibility by maintaining either an average quarterly Total Relationship Balance of ₹40 lakh, a salary account with ₹3 lakh monthly net credit, or a mortgage of ₹1.15 crore.

Step 2: Visit the official HSBC India website and navigate to the Premier Credit Card page, or visit your nearest HSBC branch for personalized assistance.

Step 3: Click on “Apply Now” and complete the online application form with your personal, employment, and financial details.

Step 4: Submit required KYC documents including identity proof, address proof, and income proof. Once approved, pay the ₹12,000 joining fee and complete your first transaction within 30 days to earn 20,000 welcome reward points.

Detailed Fee Structure

The HSBC Premier Credit Card charges a joining fee of ₹12,000 plus applicable GST, payable after card activation. The annual renewal fee is ₹20,000 plus GST, which is waived if you maintain HSBC Premier banking eligibility throughout the year. This can be achieved by maintaining an average quarterly Total Relationship Balance of ₹40 lakh, maintaining a salary account with ₹3 lakh monthly net credit, or holding a mortgage relationship of ₹1.15 crore while meeting the TRB criterion within 12 months of disbursement.

Additional charges include standard cash withdrawal fees, late payment fees, and overlimit charges as per HSBC’s credit card fee schedule. However, the card offers a 1% fuel surcharge waiver on transactions between ₹400-₹4,000 at all fuel stations across India. Foreign currency transactions incur only a 0.99% markup, significantly lower than the industry standard of 3-4%. There are no charges for reward point redemptions, and emergency card replacement and fraud protection services are included at no extra cost with coverage up to ₹3,00,000.

Who Should Get This Card?

The HSBC Premier Credit Card is designed for high-net-worth individuals who maintain substantial banking relationships and frequently travel internationally. It’s ideal for premium banking customers who can easily meet the ₹40 lakh average quarterly balance or ₹3 lakh monthly salary requirement and want their annual fee waived while enjoying luxury benefits.

This card perfectly suits frequent flyers and international travelers who value unlimited airport lounge access, comprehensive travel insurance, and minimal forex charges. The consistent 3% rewards across all categories appeal to high-spenders who don’t want to track rotating categories, while the 12X rewards on travel bookings maximize value for those who book hotels and flights regularly.

If you’re already an HSBC Premier banking customer or planning to upgrade your banking relationship, this card offers exceptional value with its never-expiring reward points, instant airline mile conversions, and exclusive Mastercard privileges at luxury hotels worldwide.

Alternatives & Competitor Comparison

Feature	HSBC Premier Credit Card	Axis Atlas Credit Card
Card Image
Card Network	Mastercard	Mastercard, Visa
USP	The HSBC Premier Credit Card delivers 3% rewards on all spends with unlimited airport lounge access at 1,400+ airports globally, ultra-low 0.99% forex markup, and premium travel benefits including insurance and hotel savings, making it the perfect companion for high-net-worth individuals and frequent international travelers.	The Axis Atlas Credit Card is a premium travel rewards card designed for frequent flyers and luxury travelers, offering high EDGE miles on airline and hotel bookings, exclusive lounge access, and milestone bonuses for big spenders. Enjoy seamless travel perks, rewarding redemptions, and global acceptance.
Annual Fee	20000 Plus GST	5000 Plus GST
Joining Fee	12000 Plus GST	5000 Plus GST
Welcome Benefits	Earn 20,000 reward points (worth ₹20,000) on completing first transaction within 30 days of card issuance	2,500 EDGE miles credited on spending minimum 3 transactions within 37 days of card issuance, which can be redeemed for travel stays and flights worth roughly ₹5,000.
Lounge Access	Domestic: Unlimited | International: Unlimited 8 complimentary international guest visits available	Domestic: 2 per quarter | International: 1 per quarter
Reward Rate	Earn 3 reward points per ₹100 spent (3% return) across all categories. Get up to 12X reward points (12% return) on hotels, flights, and car rentals through Travel with points program. points worth ₹1 each at Apple and select partners. No capping or expiry on reward points.	5 EDGE miles per ₹100 on travel bookings via Axis Bank Travel Edge up to ₹2 lakh monthly and 2 EDGE miles per ₹100 on all other spends.
Interest Rate	N/A	3.49% per month (around 42% per annum)
Best For	Travel	Lounge Access, Travel
Apply Now	Apply Now	Apply Now

Frequently Asked Questions