HSBC Premier Credit Card benefits
- Rewards3
reward points per ₹100, worth ₹1 each on Apple and Travel with Points
- TravelUp to 12X
points on flights, hotels and car rentals through Travel with Points
- Lounge
Unlimited domestic and international lounge access, plus 8 guest visits
- Rewards20,000
welcome points on your first transaction
Good to know
- 0.99% foreign currency markup
- Joining fee ₹12,000, annual fee waived for Qualified Premier customers
HSBC Premier Credit Card rewards and cashback
| Where you spend | Rate | Monthly limit |
|---|---|---|
| Everything else | 3 points per ₹100 | None |
We value one point at ₹1 in the usual redemption.
No rewards on: Fuel, cash advances, fees and charges. Education, government, wallet loads, jewellery, money transfers, rent, tax, utilities and insurance earn points only on up to ₹1 lakh of combined spends a month.
All reward rules
- HSBC's value chart for this card counts 1 reward point as ₹1 when redeemed on Apple products or through HSBC Travel with Points. Points also convert to airline miles and hotel points in the HSBC India app. They cannot be taken as cash.
- Up to 12X reward points on hotels, flights and car rentals booked through HSBC Travel with Points. Not counted in the maths, because it applies only on that platform.
- Reward points never expire.
- From 1 April 2025, utilities, insurance, education, government, wallet loads, jewellery, rent, money transfers and tax payments together earn points on up to ₹1 lakh a month.
- Welcome benefit: 20,000 reward points on your first transaction within 30 days, for cards issued between 9 October 2025 and 31 December 2026, after the joining fee is paid.
- Buy one get one free on BookMyShow movie tickets, 2 free tickets a month up to ₹750 each, and 30% off up to ₹1,250 with EazyDiner, as listed in HSBC's value chart.
What the HSBC Premier Credit Card gives back in a year
Say you spend ₹30,000 a month, like our “online shopper” pattern. Worked out with the same maths as the calculator above.
| Spending | A month | Back | A year |
|---|---|---|---|
| Groceries | ₹3,000 | 3% | ₹1,080 |
| Dining and food delivery | ₹2,000 | 3% | ₹720 |
| Online shopping | ₹18,000 | 3% | ₹6,480 |
| Travel | ₹1,000 | 3% | ₹360 |
| Fuel | ₹1,000 | 0% | ₹0 |
| Bills and utilities | ₹2,000 | 3% | ₹720 |
| Everything else | ₹3,000 | 3% | ₹1,080 |
| Total | ₹30,000 | ₹10,440 | |
| Renewal fee with GST | None | ||
| You keep | ₹10,440* |
That is ₹270 a year more than the BOBCARD ETERNA Credit Card on the same spending.
HSBC Premier Credit Card annual fee and charges
- Joining fee
- ₹12,000
- Annual fee
- Free
- Foreign currency markup
- 0.99%
Joining fee ₹12,000 before GST. The card is only for HSBC Premier customers in India. The annual fee is waived while you meet HSBC's Qualified Premier criteria, for example a quarterly relationship balance of ₹50 lakh (₹40 lakh for accounts opened before 1 January 2026) or a net salary credit of ₹3 lakh a month. If you do not, the annual fee is ₹20,000.
Fuel surcharge: 1% fuel surcharge waiver on fuel spends from ₹400 to ₹4,000.
HSBC Premier Credit Card eligibility
You must be an HSBC Premier customer in India. The card stays valid only while your Premier relationship is valid.
The bank alone decides approval and your credit limit.
HSBC Premier Credit Card lounge access
The bank's terms list no fixed number of free airport lounge visits on this card.
Lounge access has no fixed count. HSBC gives unlimited domestic and international airport lounge access for primary and add-on cardholders, plus 8 international guest visits a year through LoungeKey.
Is the HSBC Premier Credit Card right for you?
A lifetime free card, paying an above-average 3% on most spends.
Good for you if
- You want one flat rate: 3% back on most spends, with no categories to track.
- You want a card to keep for years without paying a yearly fee, which also builds a long credit history.
- You pay in foreign currency, abroad or on foreign websites: the markup is 0.99%, against a typical 3.5% on the cards we list.
Check the latest fees and terms on the bank's page before you apply.
Alternatives to HSBC Premier Credit Card
Two similar cards to weigh up before you apply. The last column shows what each may be worth on ₹30,000 a month of mixed spending, after the renewal fee with GST. Rates paid only at named brands are not counted, so a brand card can earn more if you shop there.
| Card | Annual fee | Rewards up to | You keep a year |
|---|---|---|---|
| HSBC Premier Credit Card | Free | 3% | ₹9,720* |
| BOBCARD ETERNA Credit Card | ₹2,499 | 3.75% | ₹7,470* |
| Standard Chartered Ultimate Credit Card | ₹5,000 | 3.33% | ₹3,453* |
*Estimate only, not a promise. We work it out from the bank's published terms and the spending you enter. What you actually get depends on the bank, your transactions and any change in its terms.
Frequently asked questions
What is the annual fee of the HSBC Premier Credit Card?
The joining fee is ₹12,000 before GST. The annual fee is waived while you meet HSBC's Qualified Premier criteria. If you do not, it is ₹20,000.
Who can get the HSBC Premier Credit Card?
Only HSBC Premier customers in India. Premier needs, for example, a quarterly relationship balance of ₹50 lakh or a net salary credit of ₹3 lakh a month with HSBC.
What is the value of an HSBC Premier reward point?
HSBC counts 1 point as ₹1 when you redeem on Apple products or through HSBC Travel with Points. You can also convert points to airline miles and hotel points. Points never expire.
Does the HSBC Premier Credit Card give lounge access?
Yes. Primary and add-on cardholders get unlimited domestic and international airport lounge access, plus 8 international guest visits a year.
What is the forex markup on the HSBC Premier Credit Card?
0.99% of the transaction value, plus GST.