HSBC Premier Credit Card Review
Travel card
The HSBC Premier has a ₹12,000 joining fee and ₹20,000 annual fee + GST. It earns 3% back on regular spends and up to 36% on HSBC Travel with Points, with complimentary airport lounge access. Best for: hsbc premier clients who travel internationally — our verdict: recommended.
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An ultra-premium card for HSBC Premier clients offering uncapped 12X travel earning, ₹1-value points, unlimited global lounges and a market-leading 0.99% forex markup. The ₹20,000 fee with no waiver and ₹36 Lakh income bar restrict it to high-income international spenders.
Travel card
The Bottom Line
The Premier Credit Card is built for hsbc premier banking client and international high-spender. With a ₹20,000 annual fee, it offers 36% rewards on hsbc travel with points (travel) and 20,000 bonus points. It makes the most sense if your spending matches hsbc premier banking client and international high-spender.
It earns a base reward rate of 3% and stacks best when your spending lines up with HSBC Premier banking client, International high-spender.
Who Should Get This Card
Use this as a quick filter before comparing rewards or fees in detail.
Best fit for
IdealExisting Premier relationship holders earning ₹36 Lakh+ who will use unlimited global lounges and the 0.99% forex markup.
Frequent overseas spenders for whom the 0.99% forex markup and uncapped 12X travel earning offset the ₹20,000 fee.
Probably not for
SkipThe ₹20,000 annual fee with no waiver path makes it uneconomical for anyone not maximizing the premium perks.
The ₹36 Lakh income bar puts the card out of reach for most applicants.
Is It Worth It For You?
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Reward Rates
Premier Credit Card offers 3% basic reward rate.
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Welcome Offer
20,000 Reward Points (worth ~Rs. 20,000 at the Rs. 1/point base value) credited on starting to use (first transaction with) the HSBC Premier Credit Card; the official page does not state a minimum spend threshold or specific time window beyond first card usage. cardexpert.in separately/historically cites a Rs. 12,000 Taj Hotels gift voucher as a joining welcome benefit, which is not confirmed on HSBC's current official page and may reflect an older or since-discontinued promotion (recorded as a conflict).
Fees & Charges
Eligibility
- Min Income: ₹36 Lakhs
- Must be HSBC Premier customer: TRB Rs 50L or net monthly salary Rs 3L or mortgage Rs 1.15Cr; annual fee waived for Premier customers.
Exclusions & Terms
Forex markup
- Foreign currency markup
Money Transfers & Tax Payments
- Shares the same combined Rs. 1,00,000/month reward-earning cap as Utility/Insurance/Government spends; effective 1 April 2025 per third-party reporting.
Jewelry, Real Estate Agent & Financial-Institution Payments
- Shares the same combined Rs. 1,00,000/month reward-earning cap; effective 1 April 2025 per third-party reporting.
Cash Advances
- Cash advances do not earn Reward Points and attract a 2.5% transaction fee (min Rs. 300) plus finance charges from the date of withdrawal.
EMI Transactions
- Reward Points are not applicable on Instant EMI (IEMI) conversion transactions, per the official rewards page.
Frequently Asked Questions
7 data-backed answers from our card database
Ready to apply?
₹20,000 annual fee. Apply on the HSBC website.
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