HSBC Premier Credit Card
HSBC Bank
Last updated: Feb 03, 2026
₹20,000
₹12,000
0.99%
Unlimited lounge access
Contents
The HSBC Premier Credit Card is an ultra-premium card designed exclusively for HSBC Premier customers. It offers global privileges such as Priority Pass international lounge access, low forex markup on overseas spends, accelerated reward points on international transactions, and premium travel and lifestyle benefits. With a high annual fee that is waived for Qualified Premier customers, the card focuses on global convenience, premium service, and relationship-based value rather than mass-market discounts.
Features of HSBC Premier Credit Card which makes it unique
Low Forex Markup for a Premium Card
The card charges a significantly lower foreign currency markup compared to most premium and ultra-premium credit cards, helping frequent international spenders save on every overseas transaction.
Lower cost on international transactions
Most premium cards charge 2%–3.5% forex markup, while HSBC Premier offers a much lower rate.
Complimentary Priority Pass Membership
HSBC Premier Credit Card includes complimentary Priority Pass membership, allowing cardholders to access a global network of airport lounges for a more comfortable travel experience.
Access to international airport lounges worldwide
Many premium cards offer limited lounge visits, whereas Priority Pass provides broader international coverage.
Accelerated Rewards on International Spends
International transactions earn accelerated reward points compared to domestic spends, making the card more rewarding for global usage.
Earn reward points faster on overseas transactions
Several premium cards offer uniform rewards, while HSBC Premier differentiates by rewarding international usage more generously.
Relationship-Based Annual Fee Waiver
Unlike spend-based fee waivers, the HSBC Premier Credit Card offers a full annual fee waiver simply by maintaining HSBC Premier banking status. This makes the card cost-effective for high-net-worth customers without forcing high annual card spends.
Zero annual fee for Qualified Premier customers
Most premium credit cards require ₹5–10 lakh annual spends for fee waivers, whereas HSBC Premier waives the fee based on banking relationship alone.
Rewards Structure of HSBC Premier Credit Card
International Spends
acceleratedAll foreign currency transactions
Forex markup applies separately
Bonus on Overseas Spending: Higher reward rate makes the HSBC Premier Credit Card suitable for frequent international travelers.
Travel Spends (Flights & Hotels)
acceleratedEligible travel-related merchant spends
Applicable only at eligible travel merchants
Travel Spend Accelerator: Designed to reward frequent travelers with faster point accumulation.
High-Value Transactions
baseHigh-value retail transactions meeting minimum spend criteria
Standard base rewards apply
Consistent Rewards on Big Spends: Large-ticket purchases continue to earn base reward points without restriction.
Select Partner & Lifestyle Spends
acceleratedEligible spends at select HSBC partner merchants
Valid only during promotional periods
Partner Spend Boost: Accelerated rewards offered under limited-time or partner-led campaigns.
All Retail Spends
baseAll eligible domestic and international spends
Excludes fuel, cash advance, EMI conversion, fees, and government-related payments
Standard Premier Rewards: Base reward rate applicable across most merchant categories for everyday spending.
Milestones of HSBC Premier Credit Card
Annual Spend Fee Waiver
₹1,00,000 in a card anniversary year : Annual fee waiver
Maintain Premier Advantage: Fee waiver is applicable only for Qualified Premier Customers, as defined by HSBC from time to time.
Travel Rewards Booster
₹3,00,000 in a card anniversary year : Bonus reward points
Extra Points for Frequent Spenders: Bonus points are credited after milestone completion and are subject to HSBC reward terms.
Premium Lifestyle Milestone
₹5,00,000 in a card anniversary year : Enhanced travel or lifestyle vouchers
Unlock Premium Benefits: Voucher type and value may vary based on HSBC’s prevailing milestone program.
Elite Spender Recognition
₹10,00,000 in a card anniversary year : High-value reward points or premium vouchers
Top-Tier Spending Rewards: Designed for high-spending Premier customers; rewards are subject to periodic revision by HSBC.
Fees & Charges of HSBC Premier Credit Card
| Fee & Amount | Fee Value |
|---|---|
| Joining Fee | ₹12,000 |
| Annual Fee | ₹20,000 |
| Forex Markup Fee | 0.99% |
| Cash Advance Fee | 2.5%of the withdrawn amount |
| Late Payment Fee | 100%of the Minimum Payment Due (MPD) Subject to a minimum of ₹250 and a maximum of ₹1,200 per month |
| Over Limit Fee | 2.5%of the overlimit amount or ₹500 (whichever is higher) + applicable GST |
| Returned Payment Fee | ₹350 |
| Cash Withdrawal Fee | 2.50%of transaction amount (subject to a minimum amount of ₹300) |
Renewal Conditions:If Premier eligibility is not met at renewal, HSBC may levy the applicable annual fee or downgrade the card, as per prevailing terms and conditions.
Fee Explanation All applicable charges such as interest, late payment fees, cash withdrawal fees, and other service charges are applied as per HSBC’s prevailing Schedule of Charges.
Detailed Explanation of HSBC Premier Credit Card Fees
Returned Payment Fee: ₹350 (Per instance)
Applicable if cheque, ECS, NACH, or auto-debit payment fails
Auto-Debit Failure Charge: A returned payment may also lead to late payment fees and immediate interest charges if dues remain unpaid.
Forex Fee: 0.99% of foreign currency transactions (Per transaction)
Applicable on international POS, online, and foreign currency transactions
Low Forex Markup Benefit: You have to pay a lower markup fee of 0.99% of the transacted amount while making transactions in a foreign currency. Most other cards charge you a markup fee between 2.5% and 3.5%.
Cash Withdrawal Fee: 2.5% of withdrawn amount (Minimum ₹300) + GST (Per transaction)
Applicable for cash withdrawn at ATMs or bank counters, in India or abroad
High Cost Cash Access: Interest is charged immediately from the transaction date. No interest-free period is available, and reward points are not earned on cash withdrawals.
Late Payment Fee: Up to ₹1,200 (based on total outstanding) + GST (Per billing cycle)
Charged if minimum amount due is not paid by the due date
Avoid Missing Due Dates: Late payment attracts interest on the full outstanding amount and may negatively impact the credit score.
Lounge Access Benefits with HSBC Premier Credit Card
domestic Lounges
silverVisits per year: 6
Guest access: No
Domestic lounge access details are not defined in the Premier Value Calculator PDF and may vary based on HSBC’s prevailing terms.
Domestic Lounge Access Disclaimer: The Premier Value Calculator highlights international lounge access via Priority Pass. Domestic lounge access, if any, is subject to separate HSBC terms and is not covered in this document.
international Lounges
goldVisits per year: Unlimited
Guest access: Yes
Guest visits are chargeable as per Priority Pass schedule
Priority Pass Lounge Access: HSBC Premier Credit Card includes complimentary Priority Pass membership for international airport lounge access. Visit limits and guest charges are governed by Priority Pass terms.
Insurance Coverage with HSBC Premier Credit Card
Air Accident Insurance
Up to ₹1 CroreValid when the air ticket is purchased using the credit card; subject to insurer terms
Air Travel Protection: Provides financial protection in case of accidental death or permanent disability during air travel booked using the card.
Lost Card Liability Insurance
Up to ₹3,00,000Applicable for unauthorised transactions reported within the stipulated time period
Card Misuse Protection: Covers unauthorised card usage between the time of card loss and reporting it to HSBC, subject to policy limits.
Purchase Protection Insurance
Up to ₹1,00,000 per yearApplicable on eligible purchases made using the card; limited coverage period from purchase date
Protection on Card Purchases: Covers loss or damage of eligible items purchased using the credit card, as per insurer terms.
Travel Inconvenience Insurance
As per policy termsApplicable for covered events such as baggage delay or loss on eligible trips
Travel Disruption Cover: Provides limited compensation for travel-related inconveniences when the journey is booked using the card.
Additional Features of HSBC Premier Credit Card
Smart EMI Conversion
Convert large purchases into EMIs after the transaction
Available on eligible transactions above the minimum amount defined by HSBC
Flexible Repayment Option: Helps manage high-value spends by spreading payments over affordable monthly instalments.
Global Acceptance
Accepted at millions of merchant locations worldwide
Subject to network and country-specific acceptance rules
Worldwide Usability: Ideal for international travel and overseas online transactions with broad global acceptance.
24×7 Customer Support
Dedicated HSBC support for card-related assistance
Support availability may vary by service type and region
Always-On Assistance: Premier customers receive priority support for card servicing, disputes, and account queries.
Zero Fraud Liability
Protection against unauthorised card transactions
Card loss or fraud must be reported within the stipulated time
Safe & Secure Usage: Cardholders are not held liable for fraudulent transactions once the loss or misuse is reported promptly.
Contactless Payments
Tap-and-pay functionality for quick transactions
Available at contactless-enabled terminals within transaction limits
Fast & Convenient Payments: Enables faster checkouts for everyday purchases without the need to swipe or enter a PIN for small amounts.
Welcome Bonus with HSBC Premier Credit Card
Welcome Bonus: 20,000 reward points when you start using your HSBC Premier Credit Card
Bonus Conditions: Each time you spend on your card, you will earn rewards.Source: HSBC T&Cs.
Application Process for HSBC Premier Credit Card
Processing Time
7–14 working days
Online Application
Available
Instant Approval
Not Available
Step-by-Step Process
Ensure you are an existing HSBC Premier customer or eligible to qualify for Premier banking.
Check Premier Eligibility: Confirm that you are an existing HSBC Premier customer or meet the eligibility criteria to qualify for Premier banking.
Apply online through HSBC’s official website or via your relationship manager.
Submit Application: Apply online through HSBC’s official website or via your relationship manager.
HSBC verifies identity, address, income, and Premier relationship status.
Document Verification: HSBC verifies your KYC details, income, and Premier relationship status.
Internal credit checks and eligibility evaluation are carried out.
Credit Assessment: HSBC conducts internal credit checks and evaluates eligibility based on credit history, repayment behaviour, and overall risk criteria.
On approval, the card is issued and delivered to the registered address.
Card Approval & Dispatch: Once approved, the card is issued and delivered to your registered address.
Required Documents for HSBC Premier Credit Card
PAN Card
Salaried, Self-employedAccepted documents:
Mandatory Identity Proof: PAN card is mandatory for credit card application and is used for identity verification and credit assessment.
Address Proof
Salaried, Self-employedAccepted documents:
Residential Verification: Any valid address proof with the current address may be submitted, subject to HSBC’s acceptance norms.
Income Proof
Salaried, Self-employedAccepted documents:
Income Assessment: Income documents are required to assess repayment capacity and credit eligibility.
Bank Account Statement
Salaried, Self-employedAccepted documents:
Financial History Check: Recent bank statements help verify income flow and overall financial stability.
HSBC Premier Credit Card Merchant Acceptance Network
Domestic Acceptance
Accepted at a wide range of merchants across India, including retail stores, restaurants, hotels, fuel stations, and service providers, subject to network acceptance.
International Acceptance
Accepted at millions of merchant locations worldwide for in-store and online transactions, making it suitable for overseas travel and international shopping.
Online Acceptance
Supported on major Indian and international e-commerce websites, apps, and digital service platforms for secure online payments.
Payment Technologies
Mobile Wallet Support:
Excluded Merchants
Eligibility Criteria for HSBC Premier Credit Card
Quick Eligibility Check
Minimum Age
18+
Credit Score
750+
Citizenship
Indian only
Income Requirements
Salaried Applicants
₹3,600,000
Minimum annual income
Self-Employed Applicants
₹4,000,000
Minimum annual income
Who Can Apply
Important Conditions
- HSBC Premier Total Relationship Balance (TRB) criterion: Maintain an average quarterly Total Relationship Balance (TRB) of `4,000,000 (Rupees forty lakh only)
- HSBC Premier salary criterion: Maintain a salary account with a net monthly salary credit of `300,000 (Rupees three lakh only) OR
- HSBC Premier mortgage criterion (effective 01 Oct 2024): Avail a mortgage relationship of `11,500,000 (Rupees one crore fifteen lakh only) and meet the Total Relationship Balance1 (TRB) criterion of `4,000,000 (Rupees forty lakh only) within 12 months from the date of first disbursement of the mortgage loan.
How Approval Is Decided
- Applicant must be an HSBC Premier customer or eligible for Premier banking.
- Applicant should have a satisfactory credit profile and repayment history.
- Applicant must meet HSBC’s income or relationship balance requirements.
- Applicant must complete KYC and compliance verification.
Pros of HSBC Premier Credit Card
- Annual Fee Waiver for Premier CustomersHigh-Value Fee Benefit: The high annual fee is waived for Qualified Premier customers, improving overall value.
- Low Forex MarkupCost-Effective International Spending: The card offers a low forex markup, making overseas purchases cheaper compared to most premium credit cards.
- International Lounge AccessGlobal Travel Comfort: Complimentary Priority Pass membership provides access to international airport lounges worldwide.
- Premium Rewards on International SpendsFaster Reward Earnings Abroad: International transactions earn accelerated reward points compared to domestic spends.
Cons of HSBC Premier Credit Card
- Limited Domestic Lounge BenefitsDomestic Lounge Restrictions: Domestic lounge access benefits are limited and not clearly defined compared to international access.
- No Instant ApprovalLonger Processing Time: Approval involves internal credit checks and Premier verification, which may take longer than regular cards.
- Not Suitable for Non-Travel SpendersValue Skewed Toward Travelers: The card offers fewer everyday shopping or cashback benefits, making it less attractive for non-travel users.
- High Annual FeeExpensive Without Premier Status: The card carries a high annual fee if Premier relationship requirements are not maintained.
Frequently Asked Questions about HSBC Premier Credit Card
Does the HSBC Premier Credit Card offer accelerated rewards?
Yes, accelerated reward points are offered on international spends, while domestic spends earn base rewards.
Reward rates and eligibility are subject to HSBC’s reward program terms.What is the foreign exchange (forex) markup on this card?
The card charges a low forex markup on foreign currency transactions compared to most premium credit cards.
GST is applicable on the forex markup as per government regulations.Does the HSBC Premier Credit Card offer airport lounge access?
Yes, the card provides international airport lounge access through Priority Pass membership.
Guest visits and excess usage are chargeable as per Priority Pass terms.Is the annual fee waived on the HSBC Premier Credit Card?
Yes, the annual fee is waived for Qualified Premier customers who maintain the required Premier relationship.
If Premier eligibility is not maintained, the applicable annual fee may be charged.Who is eligible to apply for the HSBC Premier Credit Card?
The card is available only to HSBC Premier customers or individuals who meet the eligibility criteria required to qualify for Premier banking.
Premier status is mandatory and is defined by HSBC from time to time.Add Your Review
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