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HSBC Premier MasterCard Credit Card

The HSBC Premier MasterCard Credit Card is a premium travel and rewards card with a first-year fee of ₹12,000 plus taxes. It offers a 3% reward rate on all spends, up to 12X rewards on hotels, 6X on flights, and unlimited worldwide lounge access, catering to frequent travelers and high-spenders.

HSBC Premier MasterCard Credit Card

About HSBC Premier Credit Card

The HSBC Premier Credit Card is exclusively available to HSBC’s Premier account holders. The card has an initial joining fee of Rs. 12,000, while the renewal fee from the second year onwards is Rs. 20,000. It is designed for high spenders and frequent travelers who can take full advantage of its travel-focused rewards and lifestyle benefits.

Cardholders can enjoy flexible reward redemption, including point-to-mile conversions with numerous airline partners (up to 1:3), along with perks such as complimentary Taj Epicure Membership, free movie tickets, dining discounts, and other premium offerings.

In terms of competition, HSBC Premier is positioned against other high-end cards like HDFC Infinia and Axis Reserve, which target similar premium spenders. While rivals may offer higher reward rates of up to 4.5%, HSBC Premier provides a 3% reward rate, making it slightly less competitive in this aspect but balanced by exclusive lifestyle and travel privileges.

Beyond card features, HSBC Premier account holders also benefit from complimentary golf sessions, global concierge services, and personalized support, making the card attractive for those seeking a comprehensive premium lifestyle experience.

Note: This card is not listed on Paisabazaar. For more information or to apply, please visit the official HSBC Bank website.

Rewards Program Highlights

Earning Rewards:

  • Earn 3 reward points for every Rs. 100 spent.

  • Points can be converted to Airmiles at a 1:1 ratio (subject to change).

  • Redeem points for Imagine Vouchers to purchase Apple products at a 1:1 ratio.

Bonus Rewards on Travel:

  • 12X reward points on hotel bookings.

  • 6X reward points on flight ticket purchases.

  • 2X reward points on car rental bookings.

Reward Redemption Options:

  • Convert accumulated points to Airmiles (1:1 ratio, may vary).

  • Redeem points for Apple products using Imagine Vouchers (1:1 ratio).

Updated Terms (Effective 1st April 2025):

Earning Cap on Rewards:

  • Rewards will now be capped for certain spending categories. Points will only accrue on total monthly spends up to Rs. 1 Lakh in the following categories:

    • Utilities, taxes, and insurance payments

    • Education, government fees, and jewellery purchases

    • Bail and bond payments

    • E-wallet transactions and money transfers

    • Financial and non-financial institutions

    • Real estate agents and property managers

Redemption Changes:

  • Points redemption will be available exclusively via the bank’s mobile app.

  • Phone banking (IVR), online banking, or website redemptions will no longer be supported.

  • New features include:

    • Instant point redemption

    • Expanded rewards catalogue

    • Easier tracking of reward points

Additional Features & Advantages

Travel Privileges:

  • Unlimited access to domestic airport lounges.

  • Unlimited international lounge access with up to 8 complimentary guest visits annually.

  • Competitive foreign exchange conversion fee of 0.99%.

Welcome Offers:

  • Taj Experiences Gift Card worth Rs. 12,000.

  • Complimentary membership to Taj Epicure.

  • Free EazyDiner Prime membership for dining perks.

Lifestyle & Shopping Benefits:

  • Buy One Get One (BOGO) offers on BookMyShow tickets.
  • Enjoy up to 30% off on dining via EazyDiner (maximum discount Rs. 1,250).
  • Special deals and discounts with selected partner brands.
  • 1% waiver on fuel surcharge at all petrol stations.

HSBC Premier MasterCard Credit Card Reward Points & Cashback Calculator

Reward Points Calculator

HSBC Premier Credit Card : Fees & Charges

Fee Type Amount
Joining Fee Rs. 12,000
Annual Fee 20,0002
Finance Charges 2.99% p.m. (35.88% p.a.)
Late Payment Charges 100% of the MAD (Min. of Rs. 250 and Max. of Rs. 1,200 p.m.)

How HSBC Premier Stands Among Top Premium Cards

HSBC Premier Credit Card, like other high-end offerings such as HDFC Infinia and ICICI Emeralde Private, focuses primarily on travel perks and rewards. Cardholders earn 3% reward points on their spending, which can be converted to airline miles with select partners at a 1:1 ratio. The card also provides unlimited lounge access and hotel-related welcome benefits, making it appealing for frequent travelers.

However, compared to some competitors, the reward rate is moderate. For instance, HDFC Infinia and Diners Club Black offer slightly higher returns of 3.33%, while newer premium cards like Axis Olympus and YES Marquee provide even better value, with 4% and 4.5% reward rates respectively.

When selecting a premium card, users should also evaluate redemption flexibility. HSBC Premier allows 1:1 redemption of points for Apple products, and the points do not expire, enabling users to accumulate substantial rewards over time. Similarly, HDFC Infinia offers 1:1 redemption for both Apple products and Tanishq purchases, providing additional options for cardholders seeking lifestyle rewards.

Key Information Before Applying

Who Should Consider This Card:

  • Frequent travelers looking to enjoy perks like hotel memberships, airport lounge access, and other travel-related benefits.

  • Individuals without other credit cards that provide rewards on dining and entertainment.

  • Existing HSBC Premier clients who plan to maintain a long-term banking relationship.

  • Users who want to redeem accumulated reward points with airline partners.

Eligibility Requirements:

  • Must be an HSBC Premier account holder.
  • Quarterly Total Relationship Value (TRV) of Rs. 40 lakh or above.
  • Existing mortgage relationship with a total disbursal of Rs. 1.15 crore or more.
  • Corporate salary account with a minimum monthly salary credit of Rs. 3 lakh.

Steps to Close HSBC Premier MasterCard Credit Card

For any support related to your HSBC Premier MasterCard Credit Card, you can contact the customer care team of HSBC Bank. The bank provides dedicated support for billing, payments, card blocking, fraud reporting, and other credit card services.

Customer Care Numbers (India)

Availability

  • Premier Banking: 24×7 support

  • Credit Card Support: 6:30 AM – 8:30 PM

  • Emergency Services (card blocking/fraud): Available 24×7

NRI & Overseas Support

Additional Support

  • Email support and branch assistance are also available

  • Always use your registered mobile number for faster verification

Important Tips

  • Keep your registered mobile number and card details ready for verification

  • Never share sensitive details like OTP, PIN, or CVV

  • Immediately report lost cards or suspicious transactions

  • Always note your complaint or reference number for tracking

HSBC Premier MasterCard Credit Card Helpline Number

If you need any assistance regarding your ICICI Bank Rubyx Credit Card, you can contact the customer support team of ICICI Bank. The bank provides multiple support channels for billing queries, payments, card blocking, reward points, and other credit card-related services.

Customer Care Helpline Numbers (India)

  • Toll-Free Number: 1800 1080
    Available 24×7 for general banking and credit card-related queries

Support for Customers Travelling Abroad

This number can be used while calling from outside India.

NRI Customer Support

Email Support

You can send queries from your registered email ID for faster resolution.

Services Available

You can contact customer care for:

  • Credit card billing and statement queries

  • Payment and outstanding dues assistance

  • Reward points and benefits support

  • Reporting lost or stolen cards

  • Card blocking, reissue, or upgrade requests

  • Credit card closure or cancellation requests

Important Tips

  • Always use official ICICI Bank contact details for safe communication

  • Keep your registered mobile number and card details ready for verification

  • Never share sensitive information like OTP, PIN, or CVV

  • Note down your complaint or reference number for future tracking

FAQs

What is the annual and joining fee of HSBC Premier Credit Card?

The card has a joining fee of Rs. 12,000 and an annual fee of Rs. 20,000. However, HSBC Premier account holders are exempted from paying the annual fee.

Cardholders receive unlimited complimentary domestic and international lounge access, along with up to 8 complimentary guest visits per year.

You must be an HSBC Premier customer. Applications can be submitted online via the official HSBC website or offline at any HSBC branch with a completed application form and necessary documents.

The credit limit is set by the bank based on factors such as credit score, income, repayment history, and employment status. You will be informed of your approved limit once your application is processed.

To maintain Premier status, you need to fulfill at least one of the following:

  • Quarterly Total Relationship Value (TRV) of Rs. 40 lakh or more

  • Mortgage relationship with total disbursal of Rs. 1.15 crore or above

  • Corporate salary account with net monthly salary credit of Rs. 3 lakh or more

Yes, cardholders can enjoy up to 30% off on dining through EazyDiner, with a maximum discount of Rs. 1,250 per month.

Reward points can be converted to airline miles or hotel loyalty points of 20 travel partners through the HSBC India mobile banking app, usually at a 1:1 ratio. Points can also be redeemed for Apple products via Imagine vouchers (1 point = Rs. 1) or other gift vouchers.

Only existing HSBC Premier customers who meet the eligibility criteria can apply. Applications can be made online, by calling HSBC’s customer support (1800 120 4722 in India / +91-80-71898001 from overseas), or by visiting the nearest HSBC branch.

This card is ideal for high spenders who can maximize its travel and rewards benefits, making it a suitable choice for those maintaining a premium lifestyle.

It is a premium credit card designed for HSBC Premier clients, offering primarily travel-related rewards and lifestyle benefits.