The HSBC Premier Credit Card costs Rs 20,000 a year. Its base return is 3% (3 RP per Rs 100). Accelerated earn: Up to 12X points on hotels, flights and car rentals booked through HSBC Travel with Points. The forex markup is 0.99%. Lounge visits in India: Unlimited for cardholder. Abroad: Unlimited for cardholder; 8 international guest visits. Read from the issuer's documents and an aggregator on 11 Oct 2026.
Joining fee Rs 12,000, charged after activation. Annual renewal fee Rs 20,000, waived for customers who hold a qualifying HSBC Premier relationship in India. No spend-based waiver stated.
Rewards
Welcome benefit
20,000 reward points once the card is in use (introductory offer T&Cs apply)
Reward currency
HSBC Reward Points
Base earn
3 RP per Rs 100
Base return
3%
Point value
1 RP = Rs 1 when redeemed at Apple; 1 RP = 1 air mile or hotel point on conversion
Accelerated earn
Up to 12X points on hotels, flights and car rentals booked through HSBC Travel with Points
Capsunverified
Issuer pages state no cap. Aggregator: utilities, tax, real estate, jewellery, money transfer, insurance, e-wallets, education/government and bail payments earn 3 RP per Rs 100 only up to Rs 1,00,000 of spend a month; accelerated points on the HSBC rewards/travel portal capped at 18,000 a month.
Spends that earn nothingunverified
No points on Instant EMI transactions (issuer rewards page) or on fuel transactions that get the surcharge waiver (issuer fuel page). Aggregator: fuel and EMIs excluded. Full MCC list is in the rewards T&C PDF, which is blocked.
Points expiry
No expiry
Reward notes
base_return_pct = 3 RP per Rs 100 x Rs 1 (Apple redemption on issuer page) = 3%. At 1:1 to most airline and hotel partners this is 3 miles per Rs 100. Caps in reward_caps are from an aggregator; the issuer's rewards T&C PDF could not be read.
Transfers
Partners
Air India Maharaja Club, AirAsia rewards, Air France-KLM Flying Blue, British Airways Club (Avios), Etihad Guest, EVA Air Infinity MileageLands, Hainan Airlines Fortune Wings Club, Japan Airlines JAL Mileage Bank, Singapore Airlines KrisFlyer, Qantas Frequent Flyer, Qatar Airways Privilege Club, Thai Airways Royal Orchid Plus, Turkish Airlines Miles&Smiles, United MileagePlus, Vietnam Airlines Lotusmiles, Accor ALL, IHG One Rewards, Marriott Bonvoy, Shangri-La Circle, Wyndham Rewards
Ratio
1 RP : 1 mile/point for Air India, Flying Blue, British Airways, Etihad, EVA Air, JAL, KrisFlyer, Qantas, Qatar, Thai, Vietnam Airlines, Accor, IHG, Marriott and Wyndham. 1 RP : 3 AirAsia points. 2 RP : 1 for Hainan, Turkish and United. 5 RP : 1 Shangri-La point. Mostly instant or within 1 working day; Air India and Hainan 5 working days, JAL 10. Minimum transfer sizes are not listed. Accor points have a fixed value of 2,000 points = EUR 40.
Travel and perks
Domestic lounge
Unlimited for cardholder
International lounge
Unlimited for cardholder; 8 international guest visits
Lounge conditions
Lounge list and add-on rules are in a footnote/T&C not read
Forex markup
0.99%
Fuel surcharge waiver
1% waiver on fuel transactions of Rs 400-4,000; no monthly cap stated for Premier (issuer fuel page). GST not reversed.
Other freebiesunverified
EazyDiner 30% off up to Rs 1,500; buy-one-get-one movie tickets (District by Zomato, BookMyShow Saturdays); Mastercard hotel programmes and One Night Free; Agoda up to 20% off; Avis Preferred; international travel insurance; lost card liability cover up to Rs 3 lakh; golf privileges (aggregator: up to 24 complimentary golf lessons as a Premier benefit)
Charges and eligibility
Interest per monthunverified
2.99%
Late payment fee
50% of the minimum payment due, minimum Rs 400, maximum Rs 750 per month (HSBC Premier fees page)
Cash advance fee
2.5% min Rs 300
Eligibility
HSBC Premier customers only. Premier needs one of: Rs 50 lakh average quarterly Total Relationship Balance; salary account with Rs 3 lakh net monthly credit; or a Rs 1.15 crore mortgage plus the Rs 50 lakh balance within 12 months (from 1 Jan 2026).
Fine-print notes
Product page, Premier rewards page, HSBC's fuel surcharge page and the Premier fees-and-charges page were read. Late fee, cash advance fee (2.5%, min Rs 300), overlimit fee (Rs 500 a month) and the 0.99% forex charge are from the Premier fees page. The Premier tariff/MITC PDF (https://www.hsbc.bank.in/content/dam/hsbc/in/documents/premier_cc_tariff_mitc.pdf) is blocked to automated readers, so the interest rate (2.99% a month, Card Insider, 18 Sep 2026) is unverified. Conflict: Paisabazaar quotes a general HSBC late fee of 100% of minimum due (Rs 250-1,200); the issuer's Premier figure is recorded.
Questions
What is the annual fee of the HSBC Premier Credit Card?
Rs 20,000 a year, before GST.
Does the HSBC Premier Credit Card give airport lounge access?
Yes. In India: Unlimited for cardholder. Outside India: Unlimited for cardholder; 8 international guest visits. Conditions: Lounge list and add-on rules are in a footnote/T&C not read
What is the forex markup on the HSBC Premier Credit Card?
0.99% of each foreign-currency transaction, before GST.
Which spends earn no rewards on the HSBC Premier Credit Card?
No points on Instant EMI transactions (issuer rewards page) or on fuel transactions that get the surcharge waiver (issuer fuel page). Aggregator: fuel and EMIs excluded. Full MCC list is in the rewards T&C PDF, which is blocked.
