HSBC Premier Mastercard© Credit Card
MyRupaya Ratings
Product Details
Credit Card Name :
HSBC Premier Mastercard© Credit Card
Bank Name :
HSBC Bank
Type :
Shopping Credit Card
Interest Rate :
2.49% per month (or 29.88% annually)
Eligibility :
1. Maintain a quarterly Total Relationship Balance1 (TRB) of INR4,000,000 (Rupees forty lakh only); or
2. Have a mortgage2 relationship with disbursal of INR11,500,000 (Rupees one crore fifteen lakh only) or more, with HSBC India; or
3. Hold a corporate salary account under the HSBC Corporate Employee Programme (CEP)3 in India with a net monthly salary credit of INR300,000 (Rupees three lakh only) or more into the account
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Pros
Welcome Benefit: Epicure membership with offers and benefits across Taj hotels. Taj Experiences gift card worth INR12,000. Complimentary EazyDiner Prime annual membership.
Reward System: Users will earn 3 reward points for every INR100 spent, 1 reward point = 1 Airmile. Users will get dining offers with 30% off on their bill (up to INR1,250) with EazyDiner.
Travel Benefits: Users will enjoy unlimited airport lounge access in India and internationally and 8 international guest visits.
Cons
No cashback offers are provided.
Very low cashback rate.
Pros & Cons
Welcome Benefits
Epicure membership with offers and benefits across Taj hotels.
Taj Experiences gift card worth INR12,000.
Complimentary EazyDiner Prime annual membership.
Rewards System
Users will earn 3 reward points for every INR100 spent, 1 reward point = 1 Airmile. Users will get dining offers with 30% off on their bill (up to INR1,250) with EazyDiner.
International Forex Markup
1.99% of the transaction amount
Welcome Benefits and Reward System
Special Features
Complimentary access and discounted fee at select golf courses in India.
Eligibility Criteria
1. Maintain a quarterly Total Relationship Balance1 (TRB) of INR4,000,000 (Rupees forty lakh only); or
2. Have a mortgage2 relationship with disbursal of INR11,500,000 (Rupees one crore fifteen lakh only) or more, with HSBC India; or
3. Hold a corporate salary account under the HSBC Corporate Employee Programme (CEP)3 in India with a net monthly salary credit of INR300,000 (Rupees three lakh only) or more into the account
Benefits
Customers can get reward points that never expire.
Customers can Redeem reward points for airline miles from InterMiles, British Airways & Etihad Airways and Club Vistara points.
Complimentary golf games in a year.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Online:
Visit the HSBC India website.
Click on the "Credit Cards" tab. Select the "Premier Mastercard® Credit Card".
Click on the "Apply Now" button. Fill in the application form with your basic details, such as your name, PAN number, date of birth, father's name, occupation type, company name, marital status, and address details.
Submit your application.
A representative from HSBC will call you to complete the KYC process. Required documents: PAN card Aadhaar card Income proof (salary slip or Form 16 for salaried individuals, and income tax returns for self-employed individuals)
Once your application is approved, you will receive your HSBC Premier Mastercard® Credit Card within a few days.
Contact Details
HSBC Personal Banking / Credit Cards 1800 267 3456 1800 121 2208
Account Opening and Procedure
Recommended Credit Cards
Pros:-
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Cons:-
Welcome Benefit: Epicure membership with offers and benefits across Taj hotels. Taj Experiences gift card worth INR12,000. Complimentary EazyDiner Prime annual membership.
Reward System: Users will earn 3 reward points for every INR100 spent, 1 reward point = 1 Airmile. Users will get dining offers with 30% off on their bill (up to INR1,250) with EazyDiner.
Travel Benefits: Users will enjoy unlimited airport lounge access in India and internationally and 8 international guest visits.
No cashback offers are provided.
Very low cashback rate.
The HSBC Premier Mastercard© Credit Card offers unparalleled value and luxury for HNWIs who frequently travel, spend heavily on premium categories, and already maintain a significant relationship with HSBC. Its extensive rewards, exclusive access, and premium lifestyle benefits cater to a specific lifestyle. However, the high annual fee and eligibility requirements make it inaccessible to most and necessitate responsible spending to balance the cost with the benefits.
HSBC Premier Mastercard© Credit Card
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
Joining Fee-NIL,
Annual Fee-NIL
Cash advance fee: 2.5% of the cash withdrawn or Rs 500. (Whichever is higher)
Interest Rates: 2.49% per month 29.88% p.a.
Late payment fee (Charged if minimum amount due does not reach HSBC within 3 days of payment due date- Subject to a minimum of `250 and a maximum of `1,200 per month
Foreign Currency Transactions Fees: 1.99%.
Reward Redemption Fees: Rs. 50 per request
Fuel Surcharge
1% fuel surcharge waiver on all fuel transactions.The waiver is applicable for fuel purchases between INR400 and INR4,000 (both inclusive) per transaction.
Billing Cycle
30 Days