HSBC India Premier Credit Card

Fees

Waiver: Not a spend-based waiver: the ₹20,000 annual fee is waived for as long as the cardholder maintains HSBC Premier banking eligibility (₹50,00,000 quarterly Total Relationship Balance, ₹3,00,000 net monthly salary credit, or a qualifying ₹1.15 crore+ mortgage plus TRB build-up). If Premier status lapses, the fee applies again; there is no card-spend threshold that substitutes for the banking relationship.

Rewards

Perks

• ✓Domestic lounge access: unlimited/yrUnlimited complimentary visits for the primary cardholder, no minimum-spend condition reported; add-on cardholders also covered per most sources
• ✓International lounge access: unlimited/yrUnlimited complimentary visits for the primary cardholder at 1,400+ airports worldwide via the Mastercard lounge network, plus 8 complimentary international guest visits per year
• ✓Fuel surcharge waiver: 1%
• ✓Forex markup: 0.99%
• ✓Concierge service
• ✓Complimentary golf access via The Golf League app, reported as up to 24 games plus 12 lessons per year (capped around 2 games and 2 lessons per month), plus a small number of guest and international games/lessons; exact yearly figures vary by source and by which Premier qualification route was used, so treat as indicative rather than guaranteed
• ✓International travel insurance (via ICICI Lombard General Insurance) covering air accident, delayed/lost checked baggage, delayed flights, missed international connections, and lost passport/travel documents; HSBC's own terms page does not publish specific cover amounts, and a single aggregator (Mobikwik) cites 'up to ₹1 crore' international coverage that is not corroborated elsewhere, so treat that figure as indicative only
• ✓₹3,00,000 liability cover against fraudulent card misuse occurring up to 24 hours before loss is reported (standard HSBC India card term, not card-specific confirmed)
• ✓This is not an open-market credit card: it is issued only to existing HSBC Premier banking customers, who must independently qualify for Premier status by maintaining an average quarterly Total Relationship Balance (TRB) of ₹50,00,000, OR a salary account with net monthly credit of ₹3,00,000+, OR a ₹1.15 crore+ HSBC mortgage combined with reaching the ₹50,00,000 TRB within 12 months of disbursement
• ✓The ₹50,00,000 TRB threshold applies to customers who became HSBC Premier members on or after 1 January 2026; customers who qualified for Premier before that date remain grandfathered at the earlier ₹40,00,000 TRB threshold, per HSBC and aggregator reporting
• ✓Effectively invite/relationship-gated rather than a standalone application product; income eligibility fields on this record (minIncomeMonthly ₹3,00,000) reflect only the salary-credit qualification route and do not capture the TRB or mortgage-based alternatives
• ✓Card issuance is reportedly restricted to residents of major Indian metros (e.g. Mumbai, Delhi NCR, Bengaluru, Hyderabad, Pune)
• ✓Fuel transactions earn no reward points (base rate excluded on fuel, separate from the 1% fuel surcharge waiver, which is a distinct benefit)
• ✓Utilities, insurance, education, government payments, e-wallet loads, jewellery, and real estate spends share a combined ₹1,00,000/month reward-earning cap even though they earn the standard 3 points/₹100 rate
• ✓Accelerated multiplier rewards (up to 12X on hotels/flights/car rentals via the HSBC Travel with Points marketplace) are capped at roughly 18,000 bonus points per cardholder per month; this does not affect the uncapped base 3 points/₹100 rate on ordinary spend
• ✓Fuel surcharge waiver of 1% applies only on transactions between ₹400 and ₹4,000 at Indian fuel stations
• ✓EazyDiner discount reported as up to 30% off, capped at ₹1,500 per HSBC's own page, though two independent aggregators (Mobikwik, Card Insider) cite a lower ₹1,250 cap, so the exact ceiling is not fully consistent across sources
• ✓Reward Points never expire and convert 1:1 to airline miles and select hotel loyalty points (partners reported include Marriott Bonvoy, Accor Live Limitless, IHG One Rewards, Singapore Airlines KrisFlyer, Air India Maharaja Club, and others)
• ✓Emergency cash withdrawal facility of up to USD 2,000 at overseas HSBC branches if the card is lost abroad
• ✓Age eligibility is inconsistently reported: HSBC's own comparison page states 18-65 years (used in this record), while at least one aggregator (BankBazaar) states a minimum age of 21