MyFinCards
HSBC Premier Credit Card

Joining Fee

₹12,000

Annual Fee

Rs. 20000 + Taxes

Forex Markup

0.99% + GST

INTERNATIONAL
HSBC Bank
Travel
Lifestyle
Rewards
Best For: Frequent international travelers, HSBC Premier banking customers, High-net-worth individuals seeking premium lifestyle benefits, Those who frequently book hotels and flights

HSBC Premier Credit Card

Rewards Structure

Base Reward Rate

3% on spends

Point Value

1 Point = ₹1

0

Pros

  • Unlimited domestic and international airport lounge access
  • Very low 0.99% foreign exchange markup with no conditions
  • Reward points never expire
  • 1:1 reward point to air miles and hotel loyalty points conversion
  • Up to 12X reward points on travel bookings
  • Welcome bonus of 20,000 reward points
  • Comprehensive international travel insurance
  • Annual fee waived for eligible HSBC Premier customers

Cons

  • High joining fee of INR12,000
  • High annual fee of INR20,000
  • Only available to existing HSBC Premier banking customers
  • Must visit a branch to apply
  • No reward points earned on fuel purchases

Hidden Catches (Transparency Policy)

To build trust with our users, we highlight the fine print that issuers often tuck away in policy documents.

Annual fee waiver only if HSBC Premier eligibility criteria are met

Premier eligibility requires maintaining average quarterly TRB of INR50 lakh OR net monthly salary credit of INR3 lakh OR specific mortgage relationship

No reward points on fuel purchases

Guest lounge visits capped at 8 international visits

Key Benefits & Features

Earn up to 12X reward points on hotels, flights and car rentals on Travel with Points

Instant 1:1 conversion of reward points to air miles and hotel loyalty points via HSBC India Mobile Banking app

1 reward point worth INR1 at Apple online store plus up to 5% cashback

Complimentary upgrades, early check-in and late check-out at over 3,800 luxury destinations worldwide with Mastercard

Save up to 20% on hotel bookings with Agoda

One night free when booking eligible stay at participating hotels with Mastercard

Eligibility Criteria

Min. Annual Income

₹3.0 Lakhs

Occupation

SALARIED

Notable Exclusions

No reward points earned on fuel purchases

*Exclusions may apply to EMI transactions, fuel, and wallet reloads based on current bank policy.

Official Terms & Conditions

About HSBC Premier Credit Card

The HSBC Premier Credit Card is an exclusive premium card designed for HSBC Premier banking customers, offering a comprehensive suite of travel, lifestyle, and rewards benefits worth up to INR 2.5 lakhs per year. New cardholders receive a welcome bonus of 20,000 reward points upon activation, along with a joining fee of INR 12,000 and an annual renewal fee of INR 20,000, which is waived for customers meeting HSBC Premier eligibility criteria. On the travel front, the card provides unlimited domestic and international airport lounge access, a remarkably low 0.99% foreign exchange markup with no conditions, international travel insurance covering lost luggage and delays, and up to 12X reward points on hotels, flights, and car rentals through the Travel with Points programme. Cardholders also enjoy savings of up to 20% on Agoda hotel bookings and complimentary upgrades at over 3,800 luxury destinations worldwide through Mastercard. For everyday rewards, cardholders earn 3 reward points per INR 100 spent, with points that never expire and can be redeemed at a 1:1 ratio at the Apple online store or instantly converted to airline miles and hotel loyalty points. Lifestyle perks include BookMyShow buy-one-get-one offers, 30% dining discounts via EazyDiner, and exclusive privileges at The Bicester Collection Villages, making this a truly well-rounded premium card.

Expert Review

Our Verdict

Premium travel & lifestyle card with unlimited lounge access, 12X travel points & 0.99% forex markup for HSBC Premier cu

Frequently Asked QuestionsAbout HSBC Premier Credit Card

ELIGIBILITYWho is eligible to apply for the HSBC Premier Credit Card?
You must be an existing HSBC Premier banking customer to apply for the HSBC Premier Credit Card. To qualify for HSBC Premier, you must meet at least one of the following criteria: maintain an average quarterly Total Relationship Balance (TRB) of INR50,00,000; or maintain a salary account with a net monthly salary credit of INR3,00,000; or (effective 01 Jan 2026) avail a mortgage of INR1,15,00,000 and meet the TRB criterion of INR50,00,000 within 12 months from the date of first disbursement.
FEESWhat is the joining fee for the HSBC Premier Credit Card?
The HSBC Premier Credit Card has a joining fee of INR12,000, which is charged after you activate your card. There is also an annual renewal fee of INR20,000. However, the annual renewal fee is waived if you continue to meet the HSBC Premier eligibility criteria. This makes the card effectively free on an ongoing basis for qualifying Premier customers.
FEESCan the annual fee on the HSBC Premier Credit Card be waived?
Yes, the annual renewal fee of INR20,000 can be waived if you meet the HSBC Premier eligibility criteria. This includes maintaining an average quarterly Total Relationship Balance of INR50,00,000, or a salary account with a net monthly salary credit of INR3,00,000, or (from 01 Jan 2026) having an eligible mortgage relationship with HSBC. Eligible Premier customers effectively enjoy the card with no annual fee.
REWARDSWhat welcome bonus do I get with the HSBC Premier Credit Card?
When you start using your HSBC Premier Credit Card, you earn a welcome bonus of 20,000 reward points. These points can be used for a variety of redemptions including shopping, dining, entertainment, and airline miles. You can also convert them to air miles or hotel loyalty points at a 1:1 ratio through the HSBC India Mobile Banking app. Terms and conditions apply to the welcome bonus offer.
REWARDSHow do reward points work on the HSBC Premier Credit Card?
You earn 3 reward points for every INR100 spent on your card. You can earn up to 12X reward points on hotels, flights, and car rentals booked through the Travel with Points platform. Reward points never expire, giving you the flexibility to accumulate and redeem them at your own pace. Points are worth INR1 each at the Apple online store, and you can also convert them to air miles and hotel loyalty points at a 1:1 ratio instantly via the HSBC India Mobile Banking app.
REWARDSDo reward points on the HSBC Premier Credit Card expire?
No, reward points earned on the HSBC Premier Credit Card never expire. This means you can accumulate points over time without the pressure of a redemption deadline. You can redeem them for shopping, dining, entertainment, airline miles, hotel loyalty points, or use them at the Apple online store where 1 reward point is worth INR1. Points can also be instantly converted to air miles and hotel loyalty points at a 1:1 ratio through the HSBC India Mobile Banking app.
BENEFITSWhat airport lounge access benefits does the HSBC Premier Credit Card offer?
The HSBC Premier Credit Card offers unlimited domestic and international airport lounge access for cardholders at over 1,400 airports worldwide. Additionally, cardholders get 8 complimentary international guest visits per year. Lounge access is facilitated through LoungeKey for international destinations and Mastercard Priceless Specials for India. This benefit makes the card particularly valuable for frequent travellers who want to enjoy comfort and convenience at airports around the world.
INTERNATIONALWhat is the foreign exchange markup on the HSBC Premier Credit Card?
The HSBC Premier Credit Card charges a very competitive foreign exchange markup of just 0.99% on all international transactions. Importantly, no conditions apply to this rate — you get the 0.99% forex markup anywhere and any time globally. This is significantly lower than the industry standard of 3-3.5%, making the card an excellent choice for international travellers or those who frequently make purchases in foreign currencies.
BENEFITSWhat travel insurance benefits come with the HSBC Premier Credit Card?
The HSBC Premier Credit Card provides comprehensive international travel insurance that covers lost luggage, travel delays, loss of travel documents, and much more. Additionally, the card offers online fraud protection and lost card liability insurance of up to INR3,00,000, covering any misuse from 24 hours before you report the card lost. Cardholders also get access to worldwide assistance services, making international travel more secure and worry-free.
APPLICATIONHow can I apply for the HSBC Premier Credit Card?
To apply for the HSBC Premier Credit Card, you must already be an HSBC Premier banking customer. Existing Premier customers need to visit an HSBC branch in person to apply — online applications are not available for this card. You can also call HSBC at 1800 120 4722 from within India, or +91-80-71898001 from overseas. If you are not yet a Premier customer, you can check your eligibility and arrange a callback on the HSBC website.
BENEFITSAre there any dining and lifestyle benefits on the HSBC Premier Credit Card?
Yes, the HSBC Premier Credit Card comes with several dining and lifestyle privileges. You get 30% off your dining bill (up to INR1,500) with EazyDiner. For entertainment, you can enjoy buy one, get one offers at BookMyShow. The card also provides access to The Bicester Collection Villages with VIP guest experiences, eVIP pass discounts, hands-free shopping, private sale events, and reserved parking. Additionally, exclusive hotel membership offers are available with Marina Bay Sands, GHA Discovery, Brilliant by Langham, and more through Mastercard.
REWARDSDo I earn reward points on fuel purchases?
No, reward points are not earned on fuel purchases with the HSBC Premier Credit Card. However, you do get a 1% fuel surcharge waiver at all fuel stations across India on transactions ranging from INR400 to INR4,000. This waiver helps offset the surcharge typically charged on fuel transactions, making it more economical to use your credit card at petrol pumps across the country.
USAGEWhat EMI options are available on the HSBC Premier Credit Card?
The HSBC Premier Credit Card offers several convenient EMI options to help manage your expenses. These include Balance Transfer on EMI, which lets you transfer outstanding balances at a lower interest rate; Cash-on-EMI, which allows you to withdraw cash and repay in instalments; and Loan-on-Phone, which lets you avail a loan conveniently. These flexible repayment options allow you to manage large purchases or outstanding dues in a structured and affordable manner.
BENEFITSWhat luxury hotel benefits does the HSBC Premier Credit Card provide?
The HSBC Premier Credit Card gives you access to a luxury hotel and resorts programme through Mastercard, offering complimentary upgrades, early check-in, late check-out, and exclusive extras at over 3,800 luxury destinations worldwide. Additionally, you can save up to 20% on hotel bookings with Agoda, and get one night free when you book an eligible stay at participating hotels with Mastercard. Hotel membership benefits are also available with Marina Bay Sands, GHA Discovery, and Brilliant by Langham.
USAGEHow do I convert reward points to air miles or hotel loyalty points?
You can instantly convert your HSBC Premier Credit Card reward points to air miles and hotel loyalty points at a 1:1 ratio directly through the HSBC India Mobile Banking app. This seamless conversion makes it easy to maximise the value of your accumulated points for travel bookings. Since reward points never expire, you can take your time accumulating a significant balance before converting and redeeming them for flights, hotel stays, or other travel-related benefits.

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