HSBC Premier MasterCard Credit Card
Experience premium travel & lifestyle with HSBC Premier Credit Card
Network: Mastercard | Type: Travel and Rewards | Reward: Reward Points
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Fees & Charges
- Joining Fee: ₹12,000 + GST
- Annual Fee: ₹20,000 + GST
- Waiver: Annual fee waived if you're an HSBC Premier customer
- Foreign Markup: 0.99% + GST
- Fuel Surcharge: 1% waiver on transactions between ₹400–₹4,000
- Redemption Fee: ₹50 per redemption request
- Late Payment Fee: ₹400–₹750 depending on outstanding balance
- Interest Rate: 2.49% per month (29.88% p.a.)
- Cash Advance: 2.5% of transaction or ₹300, whichever is higher
Credofly Review
With 3X reward points on everyday spends, unmatched lounge privileges, and premium memberships, the HSBC Premier Credit Card stands tall in the premium category. It’s tailor-made for elite users, offering high value and global acceptance. However, the requirement to be an HSBC Premier client limits accessibility for many.
Rewards & Earnings
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3 Reward Points per ₹100 on eligible retail, travel, and dining spends
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Wallet loads, rent, utilities, insurance & taxes: 3 RP/₹100 up to ₹1L/month
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No reward points on fuel
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Points never expire and can be redeemed at 1:1 for airmiles or ₹1/point for Apple products
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1:1 transfer to 20+ frequent flyer programs
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₹1 = 1 RP for Apple products (via Imagine vouchers)
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Redeem for vouchers, catalog items, travel, and experiences
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No expiry on reward points
Benefits
- Welcome:
₹12,000 Taj Experiences Gift Card Complimentary Taj Epicure Membership Complimentary EazyDiner Prime Annual Membership
- Milestone:
N/A
- Renewal:
Annual fee waived for eligible HSBC Premier customers
- Lifestyle:
lounge domestic, lounge international, golf benefits, movie
Why We Like It
A luxurious card with exceptional perks: unlimited lounge access, 3X rewards, elite brand tie-ups, and global usability. Perfect for frequent travelers and HNIs with HSBC Premier.
Pros & Cons
✅ Pros
Unlimited lounge access worldwide (primary user)
3X reward points with strong redemption flexibility
₹12,000 Taj Gift Card + memberships worth ₹10K+
❌ Cons
Only for existing HSBC Premier customers
No rewards on fuel spends
Wallet, rent, and utility rewards capped at ₹1L/month
Eligibility & Application
Eligibility:
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Must be an HSBC Premier customer
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Premier eligibility:
• Maintain ₹40L Total Relationship Balance (TRB), or
• Home loan disbursal of ₹1.15Cr+, or
• ₹3L+ monthly salary in an HSBC Premier corporate account
How to Apply:
Apply via Credofly in just 2 minutes:
Complete the application, upload documents, and finish Video KYC. Card is delivered within 5–7 working days.
FAQs
Who can apply for HSBC Premier Credit Card?
Only HSBC Premier customers are eligible. You must maintain a ₹40L TRB, or hold a ₹1.15Cr+ home loan, or earn ₹3L+ salary in a corporate Premier account.
What’s the reward rate for wallet, rent & utility spends?
You earn 3 RP/₹100 on these, but only up to ₹1L/month. Beyond that, no rewards are given.
Are fuel spends rewarded?
No. Fuel transactions are excluded from rewards. However, a 1% surcharge waiver is provided.
Can I redeem rewards for flights or hotels?
Yes. You can convert points to air miles (1:1) or redeem for travel vouchers, Apple products, and more.
What’s included in the welcome benefit?
₹12,000 Taj gift card, Taj Epicure membership, and 1-year EazyDiner Prime — all included on activation.
Is there unlimited airport lounge access?
Yes. Unlimited access for the primary user + 8 free guest visits per year.
Is there a foreign transaction fee?
Yes — but it’s a very low 0.99%, among the lowest in India.
What happens if I lose Premier status?
You may be charged the annual fee of ₹20,000 if you no longer qualify for HSBC Premier.
User Reviews
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