HSBC Premier Credit Card

The key highlights of the HSBC Premier Credit Card are given below:

The following are the main HSBC Premier MasterCard Credit Card benefits and features:

Welcome Benefits

• Epicure membership with offers & benefits across Taj hotels.
• Taj Experiences gift card worth Rs. 12,000.
• Complimentary EazyDiner Prime annual membership.

BookMyShow Benefit

• Everyday entertainment with buy one and get one offer from BookMyShow.

EazyDiner Benefits

• Complimentary EazyDiner Prime annual membership.
• 30% off on your bill with EazyDiner (maximum up to Rs. 1,250).

Rewards

• Earn 3 reward points for spending every Rs. 100.
• Earned reward points will never expire.
• Use reward points to buy the latest Apple products with Imagine vouchers or plan your next adventure when you convert your points to air miles through the Star Alliance network, including with Air India.

Airport Lounge Access & Travel Benefits

• Convert your money fuss-free with low foreign exchange fees. Pay 0.99% every time, with no extra terms or conditions. 
• Relax before you fly with unlimited HSBC Premier credit card lounge access to over 850 airport lounges in India and across the world. 
• Get 8 international lounge passes for your guests.
• Emergency Services & International Travel Insurance.
• Report your lost/stolen card instantly. 

Fuel Surcharge Waiver

• HSBC Premier credit card benefits also enable you to save a 1% fuel surcharge at any pump, any place. 
• Offer valid around the year.
• Applicable on spends between Rs. 400 and Rs. 4,000 (both amounts inclusive) per transaction on fuel in any city and at any pump in India. 
• Reward points will not be awarded for transactions eligible for a surcharge waiver. 

Other Benefits

• Refer a friend and unlock Rs. 5,000 worth of Amazon Vouchers. 
• Get attractive discounts at Marquee brands.
• Learning offers with global partners including British Council, Yousician, and eDX.
• Overseas Education assistance offered by the University Guys.
• Health & Wellbeing with global partners including Medical Travel Companions, and MedicaMap.
• Metal credit card, crafted for perfection.
• Forex Markup is as low as 0.99% everywhere, with no terms and conditions.
• 1:1 redemption for 20+ airlines and Apple products with Imagine vouchers.
• Take control of your spending and manage credit card limits with the HSBC India Mobile Banking app.
• Shop securely with online fraud protection & lost card liability support.

Joining & Annual Fees

• Joining fees: Rs. 12,000 (applicable after card activation).
• Annual fees: Rs. 20,000 from next year; Renewal fee will not be applicable for customers meeting the Premier eligibility criteria.

• Joining fees: Rs. 12,000 (applicable after card activation).
• Annual fees: Rs. 20,000 (waived for Premier-qualified customers). 
• Credit card replacement fee (within & outside India): Rs. 100.
• Late payment charges: 50% of the minimum payment due or a minimum of Rs.400 & maximum of Rs. 750 per month.
• Transaction fee for cash advances against credit card accounts at branches & ATMs: 2.5% of the transaction (subject to a minimum of Rs. 300).
• Overlimit fee: Rs. 500 per month.
• Currency conversion charge for foreign currency transactions: 0.99%.

• Earn 3 reward points for spending every Rs. 100.
• Earned reward points will never expire.
• Use reward points to buy the latest Apple products with Imagine vouchers or plan your next adventure when you convert your points to air miles through the Star Alliance network, including with Air India.
• The accumulated reward points can be redeemed for miles on airlines like InterMiles & Singapore Airlines.
• Just call Premier Phone Banking and request redemption.

Airline Mileage Programme

To apply for HSBC Premier Card, you have to meet at least one of the following criteria:

• Maintain a quarterly Total Relationship Balance (TRB) of Rs. 40 Lakhs; or
• Have a mortgage relationship with disbursal of Rs. 11,500,000 or more, with HSBC India; or
• Hold a corporate salary account under the HSBC Corporate Employee Programme (CEP) in India with a net monthly salary credit of Rs. 3 Lakhs or more into the account.

Premier customers meeting any one of the above three Premier Eligibility criteria can add their family members (spouse, partners, children up to the age of 30 years and parents) who can avail Premier benefits as part of the single Premier family relationship. After the age of 30 years, any family member classified as "children" will have to individually meet Premier eligibility.

HSBC Premier customers in India must meet the TRB criteria of Rs. 40 Lakhs quarterly. The TRB will be calculated based on the following:

• Average quarterly balance held in the HSBC Savings/Current Account(s).
• Average quarterly balance held in the HSBC Fixed Deposits.
• Investments market value/ net purchase value, whichever is higher on the last day of every calendar quarter.
• Life-to-date paid-up life insurance premium for active policies as on the last day of every calendar quarter.
• Market value of demat holdings in the depository account held with HSBC India as on the last day of every calendar quarter.

Mortgage eligibility for the Premier proposition is based on a home loan value of more than or equal to Rs. 1.15 Crores. The waiver on balance-based charges related to non-maintenance of TRB will be valid for the life of the mortgage relationship with HSBC India. On termination of the mortgage relationship, you will need to maintain the applicable Premier TRB eligibility.

If the TRB criteria are not met for a particular quarter, a quarterly service charge of 0.2% will be levied on the shortfall in the TRB, up to a maximum of Rs. 2,000 + applicable taxes. 

If you don’t receive a salary credit/ receive a salary credit of an amount lower than Rs. 3 Lakhs, HSBC will reclassify your account to an alternate offering after providing due notice.

The following are the basic documents required to apply for an HSBC Premier Credit Card:

• KYC documents like Passport, PAN Card, Voter Identity Card, Driving Licence, etc.
• Income proof, such as the latest copy of salary slips along with 3 months’ bank statement, salary certificate for employees of MNC corporates, etc.
• Form 60 in case PAN card is not available.

You can apply for an HSBC Premier Credit Card through MyMoneyMantra.

• To apply, click on the "Apply Now" button.
• You will be redirected to the HSBC Bank website.
• Fill in the required details and submit.