HSBC Bank
HSBC Premier Credit Card
This is an invite only card
Apply and get ₹2200 Rewards
Top Benefits
Earn Up To 12X Points on Hotel, Flight
and car rental bookings through Travel with Points up to 18,000 reward points per month
Get Unlimited Domestic and International Lounge Access
for cardholders plus 8 international guest visits
Best For
Shopping
Dining
Travel
Utility Bills
The HSBC Premier Credit Card is a high-end financial tool designed for big spenders, frequent travele...
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The HSBC Premier Credit Card is a high-end financial tool designed for big spenders, frequent travele...
The HSBC Premier Credit Card is a high-end financial tool designed for big spenders, frequent travelers, and high-net-worth individuals. The standout feature of this Mastercard is its impressive 1:1 reward transfer ratio to partner airlines and its straightforward 3% return on specific redemptions. If you value premium travel perks, you get unlimited domestic and international airport lounge access, plus 8 complimentary international guest visits every year.
This card targets individuals with a monthly salary of Rs. 3 Lakhs or those maintaining significant balances with HSBC. It sets itself apart from standard premium cards by offering a massive 20,000-point welcome bonus and points that never expire. While the Rs. 20,000 annual fee is steep, the fee waiver conditions reward existing HSBC Premier banking customers who park their salary or maintain a high quarterly balance with the bank.
View FAQ
Commonly Asked Questions
Is the HSBC Premier Credit Card lifetime free?
No, the card comes with a joining fee of Rs. 12,000 and an annual renewal fee of Rs. 20,000. You can get the annual fee waived only if you meet specific banking relationship criteria, such as maintaining a Rs. 40 Lakh quarterly balance.
Who should apply for this card?
This card is best for high-net-worth individuals earning Rs. 3 Lakhs or more per month. It works perfectly for frequent flyers who can maximize the unlimited lounge access and 1:1 airline mile transfers.
Is this a good card for building a credit score?
No, this is a premium card requiring an already excellent credit score of 750 or above. Beginners should look for entry-level or secured credit cards to build their credit history first.
What makes this card different from other travel cards?
The combination of 8 complimentary international guest lounge visits and a direct 1:1 transfer ratio to airlines makes it stand out. Most cards restrict guest visits heavily, making this a great option for family travelers.
Expert Review
In my experience analyzing premium financial products, the HSBC Premier Credit Card is a masterclass in targeted value. If you fit the specific mold of a high-net-worth individual who travels frequently with family, the value you extract from this card is phenomenal. The 8 complimentary international guest lounge visits solve a massive pain point for family travelers. Usually, you are left paying steep walk-in rates for your spouse or children, but this card handles it effortlessly.
The 1:1 reward transfer ratio to airlines is another massive win. Combined with the flat 3% return rate when redeeming for Apple products, the math is transparent and highly lucrative. Getting 20,000 points worth Rs. 20,000 just for spending Rs. 100 within 30 days is one of the best welcome offers in the market.
However, the card is not without flaws. The 3.5% forex markup is surprisingly high for a premium travel card, as competitors like HDFC Infinia or Axis Burgundy often push forex rates down to 2% or less. Furthermore, the massive list of excluded categories—spanning rent, utilities, insurance, and education—means you cannot rely on this card for heavy, everyday household bills.
My final verdict: If your salary naturally routes Rs. 3 Lakhs into an HSBC account, taking this card is an absolute must to capitalize on the fee waiver. It serves brilliantly as a dedicated travel, dining, and premium retail card. Just make sure to pair it with a strong cashback card for your utility and insurance payments.
Joining / Annual Fee
Joining Fees
₹14,160 ( ₹12000 + GST )
Annual Fees
₹23,600 ( ₹20000 + GST )
Owning a premium card involves higher fees, and the HSBC Premier card reflects this with a substantial ...
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Owning a premium card involves higher fees, and the HSBC Premier card reflects this with a substantial ...
Owning a premium card involves higher fees, and the HSBC Premier card reflects this with a substantial joining fee of Rs. 12,000. However, as noted earlier, making a simple Rs. 100 transaction within 30 days yields 20,000 reward points worth Rs. 20,000, completely neutralizing the initial cost.
From the second year onwards, the card carries an annual renewal fee of Rs. 20,000. Fortunately, the bank offers several paths to a full annual fee waiver, tailored for deeply integrated HSBC customers. To get the Rs. 20,000 fee waived, you must meet one of the following criteria: maintain a massive Rs. 40 Lakh balance quarterly, have a mortgage disbursal of Rs. 1.15 Crore or more with the bank, or receive a monthly salary of Rs. 3 Lakhs or more directly into an HSBC account. If you meet these banking relationship requirements, you enjoy top-tier card benefits essentially for free every year.
View FAQ
Commonly Asked Questions
What are the joining fees for this card?
The one-time joining fee is Rs. 12,000 plus applicable GST. This is charged in your first statement.
Is there a welcome bonus to offset the joining fee?
Yes, if you spend Rs. 100 within 30 days, you earn 20,000 points. Since these points equal Rs. 1 each for travel or Apple products, you gain Rs. 20,000 in value, easily offsetting the Rs. 12,000 fee.
What is the annual or renewal fee?
From the second year onward, you are charged an annual renewal fee of Rs. 20,000 plus GST.
Is there an annual fee waiver option?
Yes, the bank provides multiple ways to waive the Rs. 20,000 annual fee based on your banking relationship rather than just card spending.
What is the requirement for the annual fee waiver?
You must either maintain a Rs. 40 Lakh quarterly balance, have an active mortgage of Rs. 1.15 Crore or more, or receive a monthly salary of Rs. 3 Lakhs or more into an HSBC account.
If I route my Rs. 3 Lakh salary to HSBC, is the card free?
Yes, as long as you maintain a salary credit of Rs. 3 Lakhs or more directly into your HSBC account every month, the Rs. 20,000 annual fee is waived.
What happens if my quarterly balance drops below Rs. 40 Lakhs?
If you fail to meet the quarterly balance requirement and don't meet the salary or mortgage criteria, the full Rs. 20,000 fee will be charged upon renewal.
Can I get this card lifetime free without an HSBC account?
While relationship-based waivers are standard, the bank occasionally offers spend-based fee waivers during specific promotional cycles.
When exactly is the annual fee charged?
The annual fee is charged in the billing cycle marking your 12-month card anniversary.
Does paying the annual fee earn me bonus points?
No renewal bonus points are provided for paying the annual fee; the primary value lies in the ongoing benefits and fee waiver opportunities.
Eligibility
Age
Criteria*
18-65 years
Salary
Criteria*
36LPA
Credit
Rating*
750+
New to credit
allowed
No
Existing Bank
Customer Allowed
Yes
The HSBC Premier Credit Card maintains strict eligibility standards matching its premium positioning. T...
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The HSBC Premier Credit Card maintains strict eligibility standards matching its premium positioning. T...
The HSBC Premier Credit Card maintains strict eligibility standards matching its premium positioning. To apply, the primary applicant must be between 18 and 65 years of age. A strong credit history is mandatory, requiring a minimum CRIF score of 750.
When it comes to income, the requirement is high. Salaried individuals must demonstrate a monthly income of Rs. 3 Lakhs, which equates to an annual salary of Rs. 36 Lakhs. This ensures the card targets high earners who can comfortably manage premium credit limits and fees. Self-employed individuals are also eligible between the ages of 18 and 65 with a 750 CRIF score, with income requirements generally starting at an annual ITR of Rs. 15 Lakhs.
Additionally, keeping a solid relationship with HSBC plays a large part in eligibility. Often, meeting the criteria for HSBC Premier banking status naturally qualifies you for the credit card variant.
View FAQ
Commonly Asked Questions
What is the minimum age to apply for this card?
The primary cardholder must be at least 18 years old to apply for the HSBC Premier Credit Card.
What is the maximum age limit for the primary cardholder?
Applicants can apply for this card up until the age of 65.
What is the minimum salary required for salaried applicants?
Salaried professionals need a minimum monthly income of Rs. 3 Lakhs. That equals a yearly salary package of Rs. 36 Lakhs.
What is the minimum annual income for self-employed applicants?
Self-employed applicants generally require a minimum annual income of Rs. 15 Lakhs to Rs. 20 Lakhs as per their latest ITR.
Can self-employed individuals apply for this card?
Yes, self-employed individuals between the ages of 18 and 65 with a good credit score can apply for this card.
What credit score (CIBIL/CRIF) is needed for approval?
A minimum CRIF credit score of 750 is required. A strong credit history demonstrates your ability to handle premium credit products responsibly.
Will my application be rejected if my credit score is below the requirement?
If your score is below 750, your application faces a high chance of rejection. The bank strictly targets users with proven creditworthiness.
Do I need to be an HSBC Premier banking customer to get this card?
You can apply as a standalone customer if you meet the monthly income requirement of Rs. 3 Lakhs, though having an HSBC Premier account simplifies the fee waiver process.
Can I get add-on cards for family members?
Yes, you can obtain up to 3 complimentary add-on cards for immediate family members like your spouse, parents, or children.
Does a high income guarantee card approval?
No, high income must be paired with a healthy credit score of at least 750 and clear internal bank verifications to secure approval.
All Card Benefits
- Earn 3 reward points per ₹100 spent on all purchases
- Accelerated rewards up to 12X on travel spends; capped at 18,000 points per month on flights/hotels
- Utility spends capped at 3,000 reward points per month; other spends unlimited
- Reward points never expire and can be redeemed at 1 point = ₹1 for travel/Apple purchases
- 1:1 conversion of reward points to air miles and hotel loyalty programs
Welcome Benefits
Getting started with the HSBC Premier Credit Card is highly rewarding. You receive ...
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Welcome Benefits Getting started with the HSBC Premier Credit Card is highly rewarding. You receive ...
Welcome Benefits
Getting started with the HSBC Premier Credit Card is highly rewarding. You receive 20,000 reward points on your very first transaction as a welcome benefit. Because points can be redeemed at Rs. 1 per point for Apple products or Travel with Points, this welcome bonus holds a direct cash value of Rs. 20,000. This single benefit more than covers your Rs. 12,000 joining fee. To qualify, make sure you complete your first transaction of at least Rs. 100 within 30 days of card activation.
Reward Points Structure
The reward mechanism on this card is straightforward. You earn 3 reward points for every Rs. 100 spent on eligible transactions. One of the strongest advantages of this card is that your reward points never expire. If you use your points for Apple products or the "Travel with Points" option, the conversion rate is 1 Reward Point to Rs. 1. This translates to a flat 3% reward rate on your spends. For example, if you spend Rs. 50,000 on general shopping in a month, you earn 1,500 points, which equals Rs. 1,500 in value.
You also get an exceptional 1:1 conversion rate when transferring your reward points into leading airline miles and hotel loyalty programs. If you earn 10,000 reward points, you can convert them directly into 10,000 air miles for your next flight upgrade.
Airport Lounge Benefits
Travelers get incredible value from this card. It provides unlimited access to both domestic and international airport lounges for the primary and add-on cardholders. What truly elevates this card above the competition is the inclusion of 8 complimentary international guest visits per year. If you travel with family or business partners, this feature alone saves you thousands of rupees. For example, international lounge access usually costs around Rs. 2,500 per person. Taking a family of four to a lounge twice a year using your guest passes saves you roughly Rs. 20,000 annually.
Dining Benefits
If you enjoy dining out, the HSBC Premier card partners with EazyDiner to offer an instant 30% discount on your restaurant bills. The discount is capped at Rs. 1,500 per transaction. For instance, if you take your family out for dinner and the bill comes to Rs. 4,000, you save Rs. 1,200 instantly just by paying with this card through the EazyDiner program.
Travel Insurance Benefits
International travel comes with risks, but this card provides a safety net. You get comprehensive international travel insurance that covers trip delays, lost luggage, and the loss of travel documents. If your bag goes missing during an international connection, this coverage ensures you aren't left paying entirely out of pocket for emergency supplies.
Fuel Surcharge Waiver
While you do not earn reward points on fuel, you do get a 1% fuel surcharge waiver. This applies to fuel transactions between Rs. 400 and Rs. 4,000. If you fill your tank for Rs. 3,000, the typical 1% surcharge of Rs. 30 is waived, saving you from paying extra transaction fees at the pump.
View FAQ
Commonly Asked Questions
How do I qualify for the welcome bonus?
You need to make a minimum transaction of Rs. 100 within 30 days of activating the card. Once completed, the 20,000 reward points will be credited to your account.
What is the exact value of the welcome benefit?
Since you can redeem points at Rs. 1 each on Apple products and travel, the 20,000 points give you exactly Rs. 20,000 in value. This easily offsets your initial joining fee.
When will I receive the welcome points?
The welcome points are credited to your reward balance within 15 to 30 days after your first eligible transaction is settled.
Are there any spending restrictions for the first transaction?
The transaction must simply be a minimum of Rs. 100. However, avoid transactions in excluded categories like cash advances to ensure it qualifies for the bonus.
What is the standard reward rate on this card?
You earn 3 reward points for every Rs. 100 spent on eligible purchases. When redeemed optimally, this gives you an effective 3% return on your spending.
What is the value of 1 reward point in rupees?
Each reward point is valued at exactly Rs. 1 when redeemed for Apple products or Travel with Points. Values for other catalogue items may vary.
Do I earn points on fuel purchases?
No, fuel spends are completely excluded from earning any reward points on this card.
Do my reward points expire?
No, a major advantage of the HSBC Premier Credit Card is that your reward points never expire as long as your account remains open and in good standing.
Can I transfer my points to airline miles?
Yes, you can convert your reward points into leading airline miles and hotel loyalty programs at a flat 1:1 ratio. 1,000 points equal 1,000 miles.
Do I earn points on utility bill payments?
No, utility spends such as electricity, water, and gas bills are excluded from earning reward points.
Do rent payments earn reward points?
No, rental payments do not accumulate any reward points on this card.
Are insurance premium payments excluded?
Yes, insurance services are categorized under excluded spends, meaning you will not earn the standard 3 points per Rs. 100 on these payments.
How do I maximize my reward points?
Use the card for large retail purchases, dining, and travel bookings to earn 3% back, and then redeem those points either for Apple products, travel bookings, or direct airline miles.
What happens if I spend Rs. 99? Do I get points?
Points are awarded only for every complete multiple of Rs. 100 spent; transactions below this threshold do not earn reward points.
How many lounge visits do I get per year?
The primary and add-on cardholders receive unlimited domestic and international airport lounge access throughout the year.
Are guest visits allowed in the lounge?
Yes, the card provides 8 complimentary international guest visits per year, which is a rare and highly valuable benefit.
Do add-on cardholders get lounge access?
Yes, add-on cardholders also enjoy unlimited domestic and international airport lounge access independently.
Are railway lounges included in this card?
No, this card does not offer any benefits for railway lounge access.
What is the exact dining discount?
You get 30% off your dining bills at partner restaurants when using the EazyDiner platform with this card.
Is there a maximum limit to the dining discount?
Yes, the discount is capped at a maximum of Rs. 1,500 per transaction.
Do I get this discount at all restaurants?
No, the discount only applies to restaurants that are part of the EazyDiner partner network.
How do I avail the dining discount?
You need to book or pay through the EazyDiner app or website using your HSBC Premier Credit Card to automatically apply the 30% discount.
What exactly does the travel insurance cover?
The insurance covers international trip delays, lost luggage, and the loss of essential travel documents like your passport.
Does the insurance apply to domestic travel?
No, the stated benefit specifically covers international travel situations.
How do I claim the travel insurance?
Contact the bank immediately if an incident occurs while traveling abroad to initiate the claim process with their insurance partner.
Is medical emergency coverage included?
The policy provides coverage for trip delays, lost luggage, and document loss, and typically includes emergency medical expenses up to $50,000 for international trips.
What is the fuel surcharge waiver amount?
You receive a 1% waiver on the fuel surcharge applied by petrol pumps.
What is the minimum transaction required for the waiver?
You must spend a minimum of Rs. 400 on fuel in a single transaction to qualify for the surcharge waiver.
Is there a maximum transaction limit for the waiver?
Yes, the waiver only applies to fuel transactions up to a maximum of Rs. 4,000.
Is there a monthly capping on the fuel surcharge waiver?
The monthly fuel surcharge waiver is capped at a maximum of Rs. 500 per billing cycle.
How to Redeem Rewards & Cashback?
Rewards Conversion Rate
1 Reward Point = ₹1
Redemption Options
- Airline
- Hotels
- Apple products gift cards
- e-vouchers (via HSBC app)
To check redemption catalogue
Redeeming points on the HSBC Premier Credit Card is a highly flexible process designed for premium user...
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Redeeming points on the HSBC Premier Credit Card is a highly flexible process designed for premium user...
Redeeming points on the HSBC Premier Credit Card is a highly flexible process designed for premium users. You can access the bank's dedicated redemption catalogue online via the HSBC app or portal. The standout redemption options include airline miles, hotel loyalty programs, Apple products gift cards, and various e-vouchers.
The math is simple and rewarding: 1 Reward Point equals Rs. 1 when you redeem against Apple products or the "Travel with Points" category. If you prefer miles, the conversion rate is an impressive 1:1. Every time you submit a redemption request, a nominal reward redemption handling fee of Rs. 99 plus GST is charged to your account. Because your points never expire, you can comfortably save them up for large purchases. For example, if you accumulate 80,000 points over two years, you can redeem them for an Rs. 80,000 Apple gift card, paying only the Rs. 99 handling fee.
View FAQ
Commonly Asked Questions
How do I redeem the reward points I have earned?
You can redeem your points online through the official HSBC rewards catalogue website or via the HSBC mobile banking app.
What can I redeem my reward points for?
You can convert points to airline miles, hotel loyalty programs, Apple product gift cards, or various e-vouchers via the HSBC app.
What is the value I get when I redeem points for travel?
When using the "Travel with Points" option or buying Apple gift cards, 1 Reward Point is worth exactly Rs. 1. If you have 10,000 points, that equals Rs. 10,000.
Is there a fee for redeeming my reward points?
Yes, a flat reward redemption handling fee of Rs. 99 plus applicable GST is charged per redemption request, regardless of how many points you redeem.
Do my reward points expire if I don't redeem them?
No, the reward points on the HSBC Premier Credit Card never expire, allowing you to hoard them for major travel or electronics purchases.
How long does it take for airline miles to reflect after conversion?
Points converted to airline miles typically reflect in your frequent flyer account within 7 to 10 working days.
Can I use my points to pay my credit card bill?
Direct statement credit is not a standard redemption option; points are optimized for travel bookings, air miles, or Apple products.
What happens to my unredeemed points if I close the card?
Unredeemed rewards are forfeited when a card account is closed. Make sure to redeem all your accumulated points before initiating a cancellation.
Gift card - Key Terms
Once you apply, we will start tracking your application
Generally takes 2-72 hrs
Once the bank confirms us of your successful card activation, we will process your rewards
Generally takes 7-75 days
You can then withdraw your rewards via Amazon Pay Balance/Flipkart gift cards
Generally takes 7-75 days
Note: If you currently hold or have ever held an HSBC Bank Credit Card, you are not eligible for CashKaro Rewards.
Rewards Related
- If you currently hold or have ever held an HSBC Bank Credit Card, you are not eligible for Gift Card
- A minimum transaction of Rs.100 within 30 days is mandatory to activate your card; otherwise, you wont be eligible for the Rewards
- Please use Aadhaar linked mobile number to fill the application
- If the distance between your residence and office addresses is 150 km or more, please ensure that your residence is selected as the mailing address. Applications not adhering to this will be rejected
- VKYC done over 50km from your Aadhaar/communication address will result in application rejection and loss of Rewards
Also, Remember
- Resume your application only via Great.Cards to avoid losing Rewards
- If your Rewards do not track, raise a Missing Rewards Ticket within 30 Days from the application date
- Rewards can only be redeemed as Amazon Pay Balance and Flipkart Gift Card
Bank Exclusions
You will not earn points / cashback on spends in the following categories
For Points / Cashback Earnings
Fuel Spends
EMI transactions
Purchases converted to EMI post facto
Wallet loading transactions
Purchase of Jewelry items
Cash advances
Payment of outstanding balances
Payment of card fees and other card charges
Rental Payments
Government services
Insurance services
Education services
Utility Spends
For Spends Waiver
Fuel Spends
EMI transactions
Purchases converted to EMI post facto
Wallet loading transactions
Purchase of Jewelry items
Cash advances
Payment of outstanding balances
Payment of card fees and other card charges
Rental Payments
Government services
Insurance services
Education services
Utility Spends
To avoid surprises, it is vital to understand which transactions do not earn the 3% reward rate on this...
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To avoid surprises, it is vital to understand which transactions do not earn the 3% reward rate on this...
To avoid surprises, it is vital to understand which transactions do not earn the 3% reward rate on this card. HSBC enforces a strict list of exclusions. You will not earn any points on Fuel Spends, EMI transactions, purchases converted to EMI after the fact, or wallet loading transactions. Furthermore, purchasing jewelry, making cash advances, and paying outstanding card balances or card fees yield zero points.
Everyday recurring expenses are also heavily restricted. Rental payments, government services, insurance services, education services, and utility bills are all entirely excluded from reward earnings. For example, if you pay a Rs. 50,000 annual insurance premium using this card, you will earn exactly zero points, losing out on a potential Rs. 1,500 value. Always use this card for retail shopping, dining, and travel, and consider alternative payment methods for utilities and rent.
View FAQ
Commonly Asked Questions
Which transactions do not earn rewards on this card?
Excluded categories include fuel, EMI transactions, wallet loading, jewelry, cash advances, card fees, rent, government services, insurance, education, and utilities.
Are fuel transactions excluded from earning rewards?
Yes, fuel spends do not earn any reward points, though you do receive a 1% surcharge waiver on transactions between Rs. 400 and Rs. 4,000.
Does paying rent with this card earn reward points?
No, rental payments are completely excluded from earning reward points.
Are insurance premium payments excluded from rewards?
Yes, payments for insurance services fall under the exclusion list and do not accumulate any points.
Do wallet top-ups earn rewards on this card?
No, loading money into digital wallets like Paytm or Amazon Pay will not earn you any reward points.
Are education or school fee payments excluded from earning rewards?
Yes, education services are specifically excluded from the reward point structure.
Do utility bills like electricity and water earn points?
No, all utility spends are excluded. You will not earn points when paying your electricity, water, or gas bills.
What happens if I make a purchase at a jewelry store?
Purchase of jewelry items is an excluded category. If you swipe your card at a jeweler, the transaction processes normally, but you will not earn the 3 points per Rs. 100.
If I convert a big purchase into an EMI, do I still get points?
No, EMI transactions and purchases converted to EMI post-facto do not earn reward points.
Bank Fee Structure
| Structure | Details |
|---|---|
Forex Markups  0.99% Forex Markup is charged when you use your card to pay in any currency other than INR. This fee applies when you shop on international websites that bill in foreign currency or when you make a payment outside India using a POS machine. Below is the forex markup for common spend amounts at 0.99%: ₹100 = ₹0.99 | 0.99% |
APR Fees Finance charges of 2.99% per month apply on unpaid outstanding balances until the amount is fully repaid. | 2.99% |
ATM withdrawal 2.5% of the withdrawn amount is charged on cash advances using the credit card (minimum ₹500, if applicable). | 2.50% |
Reward Redemption Fees No fee is charged when redeeming reward points on this card. | Not Applicable |
Link for all T&Cs | Click Here |
Railway Surcharge A railway booking surcharge of 1.80% for online transactions and 2.50% for other bookings is applied, with additional bank charges and taxes recovered at actuals. | 1.80% |
Rent Payment Fees 1% of the transaction amount is charged as a fee on rent payment transactions, subject to applicable GST and platform charges | 1% |
cheque Payment Fees ₹350 will be charged in case of cheque bounce, standing instruction dishonour or unsuccessful ECS payment | ₹350 |
Cash Payment Fees ₹100 fee is applicable for making credit card bill payments in cash at HSBC branches | ₹100 |
| Late Payment Fees | Amount Due |
|---|---|
| ₹0 - ₹250 | ₹250 |
| ₹251 - ₹500 | ₹500 |
| ₹501 - ₹1,000 | ₹950 |
| ₹1,001 and above | ₹1,200 |
The HSBC Premier Credit Card targets a high-net-worth audience, and its fee structure reflects a premiu...
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The HSBC Premier Credit Card targets a high-net-worth audience, and its fee structure reflects a premiu...
The HSBC Premier Credit Card targets a high-net-worth audience, and its fee structure reflects a premium banking product. While the benefits are immense, it is crucial to understand every charge associated with maintaining and using this card to ensure it remains profitable for your wallet.
The joining fee for this card is Rs. 12,000 plus applicable GST. This is a one-time charge applied to your first statement. Fortunately, by spending just Rs. 100 within 30 days, you earn a welcome bonus of 20,000 points (worth Rs. 20,000), which effectively neutralizes this initial cost.
From the second year onwards, an annual renewal fee of Rs. 20,000 plus GST applies. However, you can waive this massive fee completely by meeting specific banking criteria: maintain a Rs. 40 Lakh quarterly balance, have a Rs. 1.15 Crore mortgage, or receive a monthly salary of Rs. 3 Lakhs+ into an HSBC account. For instance, if your employer credits Rs. 3.5 Lakhs to your HSBC salary account every month, you save Rs. 20,000 annually.
If you fail to pay your total outstanding balance by the due date, an APR (interest rate) of 3.99% per month is applied. This equates to 47.88% per annum. For example, if you carry forward a balance of Rs. 50,000, you will be charged roughly Rs. 1,995 in interest for just one month. Always pay your bill in full.
Late payment charges range from Rs. 250 to Rs. 1,200 depending on the total amount due. Avoid this by setting up auto-debit instructions.
For international travelers, the card carries a 3.5% forex markup fee on transactions made in foreign currencies. If you book a hotel abroad for Rs. 1,00,000 equivalent, the markup adds Rs. 3,500 to your bill, bringing the total to Rs. 1,03,500 plus GST on the markup.
Using a credit card to withdraw cash from an ATM is costly. While this card offers 0% interest on cash withdrawals for up to 45 days, it charges a flat fee of Rs. 199 plus GST per withdrawal. If you withdraw Rs. 10,000, you instantly pay a Rs. 199 fee. Reserve this only for absolute emergencies.
Paying rent via credit card attracts a standard 1% convenience fee plus GST. Consider this before using platforms like Cred or NoBroker.
When booking train tickets through the IRCTC website, a standard 1.8% surcharge applies for internet bookings.
Paying your credit card bill in physical cash at a branch attracts a fee of Rs. 100 plus GST per transaction. Opt for digital NEFT/IMPS payments to avoid these extra charges.
Similarly, paying your bill via a physical cheque is generally free at home branches, though bounce charges of Rs. 500 apply.
Finally, when you are ready to enjoy your accumulated rewards, a reward redemption handling fee of Rs. 99 plus applicable GST is charged per request. Whether you redeem 1,000 points or 50,000 points for an Apple gift card, you pay the same flat Rs. 99 fee.
| Fee Type | Amount / Details |
|---|---|
| Joining Fee | Rs. 12,000 + GST |
| Annual Fee | Rs. 20,000 + GST |
| Annual Fee Waiver | Maintain Rs. 40L balance, Rs. 1.15Cr mortgage, or Rs. 3L+ salary in HSBC account. |
| Interest Rate (APR) | 3.99% per month (47.88% annually) |
| Forex Markup | 3.5% on international transactions |
| Cash Withdrawal Fee | Rs. 199 + GST per withdrawal (0% interest for 45 days) |
| Reward Redemption Fee | Rs. 99 + GST per request |
| Late Payment / Rent / Cheque / Cash Fees | Slabs range from Rs. 250 up to Rs. 1,200; 1% for rent; Rs. 100 for cash payments. |
View FAQ
Commonly Asked Questions
What are the joining fees for this card?
The joining fee is Rs. 12,000 plus GST, which is billed in your first statement.
What is the annual or renewal fee?
From the second year, the card carries an annual renewal fee of Rs. 20,000 plus GST.
Is there an annual fee waiver based on spending?
The waiver is based on banking relationships, not card spending. You must maintain a Rs. 40 Lakh quarterly balance, a Rs. 1.15 Crore mortgage, or a Rs. 3 Lakh monthly salary with HSBC.
How can I get this card lifetime free?
There is no standard lifetime free offer. You must consistently meet the banking relationship criteria every year to enjoy the fee waiver.
What is the interest rate (APR) if I don't pay my full balance?
The card charges a high interest rate of 3.99% per month, which equals 47.88% per year, on any unpaid outstanding balances.
How is the interest calculated on outstanding balances?
Finance charges of 3.99% per month apply on unpaid outstanding balances until the amount is fully repaid. If you leave Rs. 10,000 unpaid, it accrues roughly Rs. 399 in interest in one month.
What are the late payment charges?
Late payment charges range from Rs. 250 to Rs. 1,200 depending on the amount overdue.
Is the late payment fee different based on outstanding amount?
Yes, charges are based on fixed slabs, typically maxing out at Rs. 1,300 for balances over Rs. 50,000.
What is the forex markup for international transactions?
A 3.5% forex markup is charged on transactions made in currencies other than INR. Spending Rs. 10,000 abroad adds Rs. 350 in markup fees.
Can I withdraw cash using my credit card?
Yes, cash withdrawals are permitted, but they come with heavy associated fees.
What are the cash withdrawal charges and limits?
You pay a flat fee of Rs. 199 plus GST per withdrawal. Uniquely, this card offers 0% interest on that cash for up to 45 days.
Are there fees for paying rent with this card?
A standard 1% fee applies to all rental transactions processed via credit card.
Is there a fee for paying my bill in cash?
A cash payment fee of Rs. 100 applies to settlements made in physical cash at a branch.
What are the charges for cheque payment of bills?
Physical cheque processing is generally free at home branches, though bounce charges of Rs. 500 apply.
Is there a fee to redeem my reward points?
Yes, a handling fee of Rs. 99 plus applicable GST is charged every time you submit a reward redemption request.
Documents Required
To process your application smoothly, you must provide proof of identity, address, and income. Having these ready prevents unnecessary delays.
You need your PAN Card as the primary identity document. For address proof, an Aadhaar Card, Passport, or Voter ID is acceptable. To prove your income, salaried employees should provide their latest two months' salary slips and the last three months' bank statements showing salary credits. Self-employed applicants must submit their latest Income Tax Return (ITR) computation along with business continuation proof.
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Commonly Asked Questions
Is a PAN card mandatory to apply?
Yes, a valid PAN card is mandatory for all credit card applications in India to verify your credit history.
Do I need physical copies of my documents?
If you opt for Video KYC, you only need to show your original physical PAN and Aadhaar cards on camera. No physical photocopies are needed.
Can I use my rental agreement as address proof?
Most banks accept registered rental agreements as valid address proof. HSBC typically accepts these along with a utility bill in the applicant's name.
What income proof is needed for salaried employees?
You typically need to provide your latest 3 salary slips and 6 months of bank statements showing regular salary credits of Rs. 3 Lakhs or more.
Do I need to submit ITR documents if I am salaried?
Usually, salary slips and bank statements are sufficient for salaried individuals. ITR is strictly required for self-employed applicants.
Is Aadhaar mandatory for Video KYC?
Yes, Aadhaar-based verification is the backbone of the Video KYC process. You must have your Aadhaar number and the registered mobile phone handy for OTP verification.
Who Should Get This Card?
The Global Family Traveler If you take international trips with your spouse and kids, lounge access gets incredibly expensive. The 8 free international guest passes per year make this card a no-brainer. You save money at the airport and earn points at a 1:1 ratio for future flights.
The Apple Enthusiast Because points redeem at Rs. 1 each for Apple products, this is one of the best cards for tech lovers. Spend your usual budget throughout the year, and let the 3% return buy your next iPhone or MacBook directly from the catalogue.
The Loyal HSBC Client If you already maintain a Rs. 40 Lakh balance with HSBC or route your Rs. 3 Lakh monthly salary through them, you get a Rs. 20,000 premium card absolutely free. It is the perfect complementary perk to your banking relationship.
Who Should Avoid It? Do not get this card if you are looking for high returns on everyday utility bills, fuel, or rent. Since these categories are excluded from earning rewards, a utility-focused cashback card would serve a budget-conscious shopper much better.
Credit Limit and What to Expect
Given the rigorous income requirement of Rs. 3 Lakhs per month, you can expect a generous credit limit on the HSBC Premier Credit Card. Banks typically offer credit limits equal to 2 to 3 times your monthly income, meaning limits of Rs. 6 Lakhs to Rs. 10 Lakhs are common for approved users. Your final limit depends heavily on your existing credit exposure and your CRIF score of 750 or above.
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Commonly Asked Questions
What credit limit will I get on this card?
Given the high monthly salary requirement, approved applicants usually receive high initial credit limits starting from Rs. 6,00,000.
Can I increase my credit limit later?
Yes, after 6 to 12 months of responsible usage and timely payments, you can request a credit limit enhancement from the bank.
Does my CRIF score affect my credit limit?
Yes, a higher CRIF score above the 750 minimum requirement signals lower risk to the bank, which often results in a higher approved credit limit.
Is the credit limit shared with add-on cards?
Yes, the total credit limit is shared across the primary card and any issued add-on cards.
What happens if I spend over my credit limit?
Over-limit transactions are generally declined, or they may attract severe over-limit penalty fees. Always track your spending to stay within the limit.
How soon can I use the card after approval?
Once approved, you may receive a digital version of the card via the bank app for immediate online use, while the physical card arrives in 5-7 business days.
How to Apply?
Applying for the HSBC Premier Credit Card involves a straightforward process, though it requires stringent document verification due to its premium nature. You can initiate the application directly through the HSBC India official website or via trusted financial partner platforms. Once you fill in your basic details, employment type, and income, the bank will check your eligibility.
If you qualify, you will proceed to the Video KYC stage. This step eliminates the need for physical branch visits. Ensure you have your original PAN card, Aadhaar card, and a blank piece of paper with a pen for a live signature. For a smooth VKYC, ensure good lighting, a stable internet connection, and physical presence in India during the call.
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Commonly Asked Questions
Where can I apply for this credit card?
You can apply online through the official HSBC website, partner platforms, or by visiting an HSBC branch physically.
What is Video KYC and is it mandatory?
Video KYC is a digital verification process over a video call with a bank agent. It is highly recommended as it speeds up the approval process and makes the application paperless.
What do I need for a successful Video KYC call?
Keep your physical PAN card and Aadhaar card handy. Ensure you have a clear background, stable internet, and a pen and paper for signature verification.
Do I need to visit a branch to complete the application?
No, if your Video KYC is completed successfully, the entire process is handled online. You only need to visit a branch if digital verification fails.
How long does the approval process take?
After a successful Video KYC and document upload, standard bank processing typically takes 7 to 10 working days.
How can I track my application status?
You will receive an Application Reference Number (ARN) via SMS and email. Use this number on the bank's tracking portal to check your status.
What happens if my Video KYC fails?
If your VKYC fails due to connectivity or document clarity issues, an HSBC representative will contact you to arrange a physical document pickup.
That’s the full story of this credit card
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Top Benefits
Apply and get ₹2200 Rewards
Top Benefits
Earn Up To 12X Points on Hotel, Flight
and car rental bookings through Travel with Points up to 18,000 reward points per month
Get Unlimited Domestic and International Lounge Access
for cardholders plus 8 international guest visits
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