HSBC Premier Credit Card
Updated on October 29, 2026
🎖️Reward Rate
Base Rate: 3 reward points per ₹100
Overview
The HSBC Premier Credit Card is for HSBC Premier customers, with unlimited lounge access, a 0.99% forex markup and points worth ₹1 at Apple and selected airlines.
Rewards
Reward Type
Air Miles
Reward Rate
- • Base Rate: 3 reward points per ₹100
- • Travel with Points: Up to 12X on hotels, flights and car rentals
- • Validity: Points never expire
Welcome Benefit
20,000 reward points when you start using the card.
Redemption
- • Apple and Airlines: 1 point = ₹1 at the Apple online store and on selected airlines
- • Rewards: Use points on shopping, dining, entertainment and airline miles
Benefits
- Lounges: Unlimited domestic and international airport lounge access, plus 8 international guest visits
- Low Forex: 0.99% markup with no conditions
- Travel Insurance: International cover for lost luggage, delays and travel documents
- Hotels: Up to 20% off with Agoda and one free night at participating hotels with Mastercard
- Fuel Surcharge Waiver: 1% on transactions of ₹400 to ₹4,000
Things to Know Before you apply
HSBC Premier Credit Card Eligibility Criteria
- Age: 21–65 years
- You need an HSBC Premier bank account to apply.
- Resident Indian
Fees & Charges
| Particulars | Amount |
|---|---|
| Joining Fee | ₹12,000 |
| Annual Fee | ₹20,000 |
| Foreign Currency Mark-up Fee | 0.99% |
| Cash Advance Fee | 2.5% of the amount withdrawn (minimum ₹300), plus ₹100 per ATM withdrawal abroad. |
Fee waiver: Annual renewal fee of ₹20,000 is waived for qualified HSBC Premier customers with a Premier relationship in India.
PaisaSimple Review
Overall Rating
3.9/5What do we like about this card?
Rated 3.9 out of 5. The HSBC Premier Credit Card scores well for 3 points per ₹100 worth ₹1 each on Apple and selected airlines, unlimited lounge access with 8 guest visits, a 0.99% forex markup and points that never expire. It loses marks because you need an HSBC Premier account to apply and the ₹20,000 annual fee is waived only for qualifying Premier customers.
Pros
- • Low Forex: 0.99% markup
- • Lounges: Unlimited domestic and international access plus guest visits
- • Point Value: ₹1 per point at Apple and selected airlines
- • Welcome Bonus: 20,000 points
Cons
- • Premier Only: Needs an HSBC Premier account
- • Fees: ₹12,000 joining and ₹20,000 annual unless you qualify for the waiver
- • Interest: 2.99% a month on unpaid balances
Frequently Asked Questions
What is the joining and annual fee of the HSBC Premier Credit Card?
The joining fee is ₹12,000 plus GST. The annual fee is ₹20,000 plus GST. Annual renewal fee of ₹20,000 is waived for qualified HSBC Premier customers with a Premier relationship in India.
What rewards does the HSBC Premier Credit Card give?
Base Rate: 3 reward points per ₹100. Travel with Points: Up to 12X on hotels, flights and car rentals. Validity: Points never expire.
How do I redeem the rewards on the HSBC Premier Credit Card?
Apple and Airlines: 1 point = ₹1 at the Apple online store and on selected airlines. Rewards: Use points on shopping, dining, entertainment and airline miles.
Does the HSBC Premier Credit Card give airport lounge access?
Lounges: Unlimited domestic and international airport lounge access, plus 8 international guest visits.
What is the forex markup on the HSBC Premier Credit Card?
The forex markup is 0.99% of the amount spent in a foreign currency.
Who can apply for the HSBC Premier Credit Card?
Applicants should be 21 to 65 years old. You need an HSBC Premier bank account to apply. You must be a resident Indian.
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- • 20,000 reward points when you start using the card.
- • ₹500 gift voucher when you spend ₹5,000 within 30 days of card generation.
- • Amazon Pay voucher worth ₹600 when you spend ₹10,000 in the first 30 days.
- • Base Rate: 3 reward points per ₹100
- • Travel with Points: Up to 12X on hotels, flights and car rentals
- • Validity: Points never expire
- • Dining, Travel and International: 10X reward points, also on your birthday
- • Other Spends: 3X reward points
- • Insurance, Utilities, Railways and FASTag: 1X reward points
- • Rate: 1X = 1 point per ₹200
- • Exclusions: No points on fuel, EMI or cash withdrawals
- • Limit: Points only on spends up to your credit limit each cycle
- • Travel Bookings: 20% bonus points every month on flights and hotels via the IDFC FIRST app
- • Travel and International: 3X reward points
- • Dining: 2X reward points
- • Other Spends: 1X reward points
- • Exclusions: No points on fuel, cash advances or wallet loads
- • Low Forex: 0.99% markup
- • Lounges: Unlimited domestic and international access plus guest visits
- • Point Value: ₹1 per point at Apple and selected airlines
- • Welcome Bonus: 20,000 points
- • No Fees: Lifetime free
- • Zero Forex: No markup abroad
- • Accelerated Rewards: 10X on dining, travel and international
- • Insurance: ₹1 crore air accident cover
- • Premier Only: Needs an HSBC Premier account
- • Fees: ₹12,000 joining and ₹20,000 annual unless you qualify for the waiver
- • Interest: 2.99% a month on unpaid balances
- • Spend Conditions: Lounges, golf and movies need ₹20,000 monthly spend
- • Redemption Fee: ₹99 plus GST
- • High Income Bar: ₹36 lakh a year
- • No Points on Fuel: Fuel spends earn nothing