Welcome Benefit: Epicure membership with offers and benefits across Taj hotels. Taj Experiences gift card worth Rs 12,000. Complimentary EazyDiner Prime annual membership.
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HSBC Premier Mastercard Credit Card
Rewards & Benefits
Welcome Benefits
Welcome Benefit: Epicure membership with offers and benefits across Taj hotels. Taj Experiences gift card worth Rs 12,000. Complimentary EazyDiner Prime annual membership.
Milestone Benefits
None.
Cashback Rate
Reward System: Users will earn 3 reward points for every INR 100 spent, 1 reward point = 1 Airmile (for more than 20 Airlines).
1 Reward point = INR 1 for redemption against Apple products.
Reward point cannot be redeemed against credit card statement or for cash.
Movie Benefits
Buy one get one offer on BookMyShow.
Dining Benefits
Cardholders will get dining offers with 30% off on their bill (up to Rs 1,250) with EazyDiner.
Other Benefits
Low forex markup of 0.99%.
Users will get dining offers with 30% off on their bill (up to INR1,250) with EazyDiner.
Cardholders will get exclusive discounts with partner brands.
Lounge Access
Travel Benefits: Users will enjoy unlimited airport lounge access in India and internationally
Additionally cardholders will also get 8 international guest visits.
Rewards & Benefits
Welcome Benefits
Welcome Benefit: Epicure membership with offers and benefits across Taj hotels. Taj Experiences gift card worth Rs 12,000. Complimentary EazyDiner Prime annual membership.
Milestone Benefits
None.
Cashback Rate
Reward System: Users will earn 3 reward points for every INR 100 spent, 1 reward point = 1 Airmile (for more than 20 Airlines).
1 Reward point = INR 1 for redemption against Apple products.
Reward point cannot be redeemed against credit card statement or for cash.
Movie Benefits
Buy one get one offer on BookMyShow.
Dining Benefits
Cardholders will get dining offers with 30% off on their bill (up to Rs 1,250) with EazyDiner.
Other Benefits
Low forex markup of 0.99%.
Users will get dining offers with 30% off on their bill (up to INR1,250) with EazyDiner.
Cardholders will get exclusive discounts with partner brands.
Lounge Access
Travel Benefits: Users will enjoy unlimited airport lounge access in India and internationally
Additionally cardholders will also get 8 international guest visits.
Fees & Charges
Joining Fee
NIL,
Annual Fee
NIL
Cash Advance Fee
Cash advance fee: 2.5% of the cash withdrawn or Rs 500. (Whichever is higher)
Interest rate
Interest Rates: 2.49% per month 29.88% p.a.
Late Payment Fee
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 Fee
Foreign Currency Transactions Fees: 1.99%.
Other Fees
Reward Redemption Fees: Rs. 50 per request
Fees & Charges
Joining Fee
NIL,
Annual Fee
NIL
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
Interest Rates: 2.49% per month 29.88% p.a.
Late Payment Fee
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 Fee
Foreign Currency Transactions Fees: 1.99%.
Other Fees
Reward Redemption Fees: Rs. 50 per request
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
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
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.
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.
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