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HSBC Bank · Mastercard World

HSBC Premier

A relationship-based travel card with evergreen points, worldwide lounge access and a standard 0.99% forex markup.

HSBC Premier Mastercard World credit card artwork with the outside background removed

Rewards

3 RP/₹100; selected categories share ₹1 lakh/month eligible-spend cap

Lounges

Unlimited participating lounges; 8 overseas guest visits on primary card

Forex

Standard 0.99% + applicable tax

Eligibility

Qualified HSBC Premier relationship in India

Evergreen rewards

Earn 3 RP/₹100 on eligible purchases, with no points expiry while the account remains eligible. Most airline and hotel transfers are 1:1; partner exceptions apply.

Lounge access & forex

Unlimited participating domestic and overseas lounges for primary and add-on holders; eight international guest visits on the primary card. Standard forex markup is 0.99% plus tax.

Welcome qualification

20,000 welcome points after the paid joining fee and a qualifying first transaction in 30 days, for eligible new primary cards issued through 31 December 2026.

HSBC Premier: fees & key facts

HSBC Premier credit card fees and key facts
Eligibility & applicationExisting qualified HSBC Premier relationship in India required; approval remains with HSBC. Current product page directs existing Premier customers to a branch or phone banking.
Joining & renewal₹12,000 joining fee after activation; ₹20,000 annual renewal, plus applicable GST. Renewal is waived while the qualifying Premier relationship is maintained.
Premier relationshipNew relationships: average quarterly TRB ₹50 lakh, or net monthly salary credit ₹3 lakh. Mortgage route: ₹1.15 crore plus ₹50 lakh TRB within 12 months. MITC preserves ₹40 lakh TRB criteria for qualifying pre-1 January 2026 relationships; confirm account-specific status.
Base rewards3 RP/₹100 on eligible settled purchases. Points do not expire while accounts stay valid and in good standing; closure or ineligible account status can forfeit them.
Special-category capEducation/government, tax, insurance, utilities, rent, jewellery, wallets and specified financial/money-transfer categories share ₹1 lakh of reward-eligible spend per month. This is a spend ceiling, not 1 lakh points or a separate cap per category.
Redemption & transfersApple redemptions can value 1 RP at ₹1. Most partners are 1:1, including Accor, Marriott and KrisFlyer. Hainan, Turkish and United are 2:1; Shangri-La is 5:1; AirAsia is 1:3. Confirm live app ratios and minimums; miles are not cash.
Travel with PointsPortal card payments: 18 RP/₹100 flights, 36 RP/₹100 hotels and 6 RP/₹100 car rentals (base plus acceleration). Accelerated points share an 18,000/calendar-month cap; base continues. Flight convenience fees: ₹300 domestic / ₹700 international per passenger per leg.
LoungesUnlimited participating domestic and international lounges for primary and add-on holders. Eight complimentary international guest visits belong to the primary card; add-ons have no complimentary guest allowance. Lounge access and capacity rules apply.
ForexStandard foreign-currency markup 0.99% plus applicable taxes. This is not permanent zero forex; DCC, cash withdrawals and merchant charges are separate.
WelcomeEligible new primary cards issued 9 October 2025–31 December 2026: pay joining fee and complete a qualifying first transaction within 30 days for 20,000 RP. Fuel, cash, fees/charges and disputed first transactions do not qualify; KYC and payment-compliance conditions apply.
DiningCurrent EazyDiner offer: 30% off up to ₹1,500 on minimum ₹3,000 bill, once/card/calendar month. Use HSBC1500 and eligible Premier BIN 512042 via PayEazy; platform fees apply. Cannot club with another EazyDiner offer; tokenised payments excluded.
Dated partner offersBookMyShow Premier BOGO up to ₹750 per free ticket, twice/month, and the HSBC Unicorn up-to-6X Apple promotion are published only through 31 October 2026. Do not assume continuation after that date. Live checkout and offer terms control.
Fuel & excluded transactionsFuel earns no points. A separate 1% surcharge waiver applies on ₹400–₹4,000 fuel transactions under issuer terms. Cash advances, fees/charges, disputed purchases and Instant EMI do not earn rewards; reversing/pre-closing IEMI does not restore points.

Public issuer terms checked 31 October 2026.

Checked current India issuer product, MITC, Rewards Marketplace terms, service guide and linked offers. Premier has capped rewards on specified special categories and different terms from Privé/Taj. Current lounge entitlements supersede older two-visit documents. Eligibility, partner offers and issued-account terms apply. No application, redemption or banking transaction performed.

Premier product, relationship eligibility and branch applicationPremier MITC and relationship-based renewal waiverReward earning, special-category cap, transfers and portal rewardsCurrent service guide: Premier rewards and lounge rulesWelcome offer through 31 December 2026Premier transfer partner tableTravel with Points multipliers and feesEazyDiner monthly discount termsBookMyShow offer ending 31 October 2026Unicorn Apple promotion ending 31 October 2026

Who should get it

Best assessed by people who already qualify for HSBC Premier in India. The renewal waiver depends on maintaining that banking relationship; this is not an unconditional lifetime-free card.

Points offer flexible travel and Apple redemptions, but are not statement cashback. Consider relationship costs, partner ratios, booking fees and category caps before valuing the rewards.

Reward exclusions

Transactions that do not earn HSBC Premier reward points

Eligibility follows the merchant category code and transaction data received by the issuer, so the merchant name alone may not determine whether a transaction earns rewards.

  • Fuel MCCs 5541, 5983, 5172, 5542 and 5552
  • Cash advances, fees/charges and disputed purchases
  • Instant EMI purchases; points are not reinstated on cancellation or pre-closure
  • Spend above the shared ₹1 lakh/month special-category eligible-spend ceiling

Insurance, education/government, tax, utilities, rent, jewellery, wallets and specified financial categories are capped earning categories, not blanket exclusions. Their combined eligible spend shares one monthly ceiling. Merchant codes and issued-account terms determine eligibility.

Checked 31 October 2026Reward earning, special-category cap, transfers and portal rewardsCurrent service guide: Premier rewards and lounge rules

HSBC Premier FAQs

Can I apply without an HSBC Premier relationship?

No. The current India product requires an existing qualified Premier relationship, with branch or phone application and HSBC approval.

Is HSBC Premier lifetime free?

No. The ₹12,000 joining fee plus tax applies. The ₹20,000 renewal plus tax is waived only while the Premier qualification is maintained.

Does Premier earn on insurance, tax and jewellery?

Yes, eligible MCCs earn 3 RP/₹100 within one shared ₹1 lakh monthly spend ceiling across all specified special categories. Fuel remains excluded.

Do all transfers use a 1:1 ratio?

No. Hainan, Turkish and United use 2 RP per mile; Shangri-La uses 5 RP per point. AirAsia uses 1 RP to 3 points. Other listed partners generally use 1:1; verify in the app.

Can add-on holders use the eight free international guest visits?

No. Add-ons have their own eligible lounge access, but the eight international guest visits apply only to the primary card.

Are the movie and Unicorn offers permanent?

No. The checked promotions end on 31 October 2026. Use them only within their dates unless HSBC publishes a renewed offer.

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