HSBC Premier Credit Card
Fees
1st Year Fee: ₹12,000 + Taxes; 2nd Year Onwards: ₹20,000 + Taxes
Joining & annual
Reward Rate
3 reward points for every ₹100 spent across all standard categories; Accelerated travel spends include 12X rewards on hotel bookings and 6X rewards on flight tickets via HSBC Rewards Marketplace
Welcome Bonus
20,000 bonus reward points on making the first transaction within the first 30 days of card issuance
Lounge
Unlimited Domestic + International + 8 Guest Visits/yr
Our Expert Take
This card is really for existing HSBC Premier banking customers: the 0.99% forex markup and 1:1 transfer ratio to airline partners are genuinely excellent, and the unlimited lounge access with 8 guest visits a year is generous. The jump from ₹12,000 to ₹20,000 after the first year is worth planning for.
Reward limits
Checked 3 Oct 2026 · Bank terms
-
3 points per ₹100
No limit
No rewards on: Fuel
Pros & Cons
Key Advantages
- 0.99% forex markup, among the lowest available on any Indian credit card
- 1:1 point transfer to a wide range of global airline and hotel partners
- Unlimited complimentary domestic and international lounge access, plus 8 guest visits a year
- 12X points on hotel bookings and 6X on flights through HSBC's Rewards Marketplace
Limitations
- Steep ongoing annual maintenance renewal fee barrier of ₹20,000 from the second year onwards
- Base reward rate yield of 3% is less competitive compared to rival top-tier premium cards offering up to 4.5%
- Strict monthly reward points accumulation caps applied across select routine lifestyle and payment categories
Key Perks & Spending Milestones
3 reward points accrued for every ₹100 spent on all regular retail purchase lines
Accelerated 12X rewards on luxury hotel bookings processed via the HSBC Rewards Marketplace storefront
Accelerated 6X rewards on airline ticket purchases processed via the HSBC Rewards Marketplace storefront
Accelerated 2X rewards on rental car bookings processed via the HSBC Rewards Marketplace storefront
1:1 point transfer to over 20 global airline and hotel loyalty programs, including Air India Maharaja Club, British Airways, Singapore KrisFlyer, Marriott Bonvoy and IHG One Rewards
Unlimited complimentary domestic airport lounge visits globally for the primary cardholder
Unlimited complimentary international airport lounge visits globally for the primary cardholder
8 complimentary accompanying guest airport lounge entry visits included per calendar year
Up to 20% flat discount rate savings on hotel accommodations booked through partner Agoda channels
Buy One Get One Free movie ticket feature on the BookMyShow digital application
Up to 30% discount on premium fine dining with EazyDiner (capped at a maximum discount of ₹1,250)
Exclusive Mastercard tier benefits unlocking free night hotel stays, early check-in, late check-out, and eVIP discounts across The Bicester Collection Villages
1% fuel surcharge waiver shield protection covering all retail petroleum pump transactions across India
Spend milestone
Complimentary Taj Epicure membership upgrades, golf sessions, and global concierge services through your HSBC Premier relationship manager
Fees & Charges
Joining fee
1st Year Fee: ₹12,000 + Taxes; 2nd Year Onwards: ₹20,000 + Taxes
Annual fee
1st Year Fee: ₹12,000 + Taxes; 2nd Year Onwards: ₹20,000 + Taxes
N/A (Exclusively offered to the bank’s existing Premier Customers)
Interest rate
2.99% per month (35.88% per annum)
Insurance & Protection Benefits
Eligibility Criteria
Credit score & income
Exclusive benchmark restricted to active HSBC Premier Account status holders
Frequently Asked Questions
What's the reward rate on HSBC Premier MasterCard?
How many lounge visits does this card offer?
Is this card available to all HSBC customers?
Compare HSBC Premier Credit Card With Similar Cards
| Card | Annual Fee | Reward Rate | Lounge Access | Rating |
|---|---|---|---|---|
| HSBC Premier Credit Card This Card | 1st Year Fee: ₹12,000 + Taxes; 2nd Year Onwards: ₹20,000 + Taxes | 3 reward points for every ₹100 spent across all standard... | Unlimited Domestic + International + 8 Guest Visits/yr | 3.0/5 |
| HDFC Infinia Credit Card Metal Edition | ₹12,500 + Taxes | 5 reward points per ₹150; up to 10X on SmartBuy flight/hotel bookings | Unlimited Domestic + International | 4.9/5 |
| Axis Bank ATLAS Credit Card | ₹5,000 + Taxes | 5 EDGE Miles per ₹100 on travel; 2 EDGE Miles per ₹100 on general spends | 8 Domestic + 4 International/yr | 4.8/5 |
| Axis Bank Burgundy Private Credit Card | ₹50,000 + Taxes | 15 EDGE Reward points per ₹200 spent on retail and international... | Unlimited Domestic + International | 4.8/5 |