The HSBC Premier Mastercard is an exclusive offering for existing HSBC Premier customers in India, providing a 3% reward rate on all spends and a low 0.99% foreign exchange markup. As of 2026, IT features unlimited airport lounge access globally, including 8 complimentary international guest visits, making IT ideal for frequent travelers.
| Parameter | Details |
|---|---|
| Card Type | Mastercard World (Metal form factor) |
| Joining Fee | ₹12,000 (paid after card activation) |
| Annual/Renewal Fee | ₹20,000 (waived for qualified HSBC Premier customers in India) |
| Welcome Rewards | 20,000 Reward Points (upon activation and first spend) |
| Welcome Offer | Amazon gift vouchers worth ₹7,500 for spending ₹1,000 within 60 days of card issuance |
| Reward Rate | 3 Reward Points for every ₹100 spent (3% reward rate across all spends) |
| Accelerated Rewards | Up to 12X reward points on hotels, flights, and car rentals on Travel with Points |
| Foreign Exchange Markup | 0.99% for all international spending |
| Lounge Access | Unlimited airport lounge access (domestic and international), with 8 free international visits for guests |
| Fuel Surcharge Waiver | 1% waiver on fuel transactions (₹400–₹4,000 transaction range) |
| Movie Ticket Cashback | 50% cashback on PVR Cinemas movie tickets, up to ₹500 per month |
| Reward Point Expiry | Reward points do not expire |
| Reward Redemption | 1:1 conversion to air miles/hotel loyalty points (20+ partners); 1 point = ₹1 for Apple products via Imagine vouchers |
| Emergency Cash Overseas | Up to USD 2,000 at any overseas HSBC branch if card is lost |
| Card Misuse Insurance | ₹300,000 coverage for misuse 24 hours before reporting lost (Source: HSBC 2026) |
| Add-on Cards | Up to 3 add-on cards allowed |
| Customer Support | Toll-free numbers: 1800 266 3456, 1800 120 4722 (India) |
The card’s low foreign exchange markup and extensive travel benefits cater specifically to globetrotters and urban professionals seeking premium financial tools.
Premier Mastercard: Features & Benefits
The HSBC Premier Mastercard offers a 3% reward rate on all spends, with up to 12X points on travel bookings, making IT ideal for frequent travellers. Cardholders receive 20,000 welcome reward points and unlimited airport lounge access globally, including 8 free guest visits internationally.
| Feature | Details | Key Benefit |
|---|---|---|
| Reward Points Earning | Earn 3 reward points for every ₹100 spent. Get up to 12X reward points on hotels, flights, and car rentals via ‘Travel with Points’. | High reward rate across all spends and accelerated earnings on travel bookings. |
| Reward Points Redemption | Convert points to air miles or hotel loyalty points at a 1:1 ratio with 20+ travel partners via the HSBC India app. Redeem for Apple products where 1 point = ₹1 via Imagine vouchers. | Flexible and valuable redemption options for travel and premium products. |
| Welcome Rewards | Receive 20,000 reward points upon card activation and first use. | Significant bonus to kickstart rewards accumulation. |
| Airport Lounge Access | Unlimited airport lounge access (domestic and international) for the cardholder, with 8 free international guest visits. Access to 1,400+ airports globally. | d comfort and convenience for frequent travellers globally. |
| Foreign Exchange Mark-up | Low foreign exchange mark-up of only 0.99% for all international spending. | Cost-effective international transactions. |
| Fuel Surcharge Waiver | 1% waiver on fuel transactions between ₹400 and ₹4,000 at all fuel stations across India. | Savings on fuel expenses. |
| Mastercard Exclusive Offers | Exclusive savings, room upgrades, and bonus rewards with partners like Marina Bay Sands, GHA Discovery, and Brilliant by Langham. Get one night free on eligible hotel bookings. | Access to premium travel and lifestyle privileges. |
| Global Concierge Services | 24/7 travel and lifestyle assistance for bookings and support worldwide. | Personalized assistance for travel and lifestyle needs globally. |
| Golf Privileges | Complimentary membership to Golf Fee Card, offering access to over 2,000 golf courses globally and discounted green fees. | Exclusive access and savings for golf enthusiasts. |
| Movie Ticket Discounts | 50% cashback on movie ticket bookings at PVR Cinemas, with a maximum cashback of ₹500 per month. | Savings on entertainment expenses. |
| Emergency Cash Withdrawal | Access up to USD 2,000 in emergency cash withdrawals at any overseas HSBC branch if the card is lost. | Financial security during international travel emergencies. |
| Card Misuse Insurance | Insurance coverage of up to ₹3,00,000 for card misuse, covering transactions 24 hours before reporting the card lost. | Protection against unauthorized transactions. |
| Add-on Cards | Up to 3 add-on cards are available for family members. | Convenience for family members to share card benefits. |
| Reward Points Expiry | Reward points earned on the HSBC Premier Mastercard Credit Card do not expire. | Long-term value and flexibility for redemption. |
These features position the HSBC Premier Mastercard as a strong choice for high-net-worth individuals seeking extensive travel, lifestyle, and reward benefits in India.
Premier Mastercard: Fees & Charges 2026
The HSBC Premier Mastercard carries a joining fee of ₹12,000 and an annual fee of ₹20,000 as of 2026. These charges are subject to applicable taxes, and the annual fee can be waived for qualified Premier customers in India.
| Metric | Value (INR) | Notes |
|---|---|---|
| Joining Fee | ₹12,000 | Paid after card activation; Plus applicable taxes |
| Annual/Renewal Fee | ₹20,000 | Waived for qualified customers with an HSBC Premier relationship in India |
| Foreign Exchange Mark-up | 0.99% | For all international spending |
| Cash Advance Fee | 2.5% of withdrawn amount or minimum ₹500 | Levied on transactions from ATMs in India and overseas |
| Fuel Surcharge Waiver | 1% | On fuel transactions between ₹400 and ₹4,000 |
| Credit Card Redemption Handling Fee | ₹50 | Per redemption request |
| Lounge Access Pre-authorisation Charge | ₹25 | For validation of lounge access |
Understanding these fees helps cardholders manage their expenses and use the card’s benefits effectively, especially the foreign exchange mark-up for international travel.
Premier Mastercard: Eligibility Criteria
The HSBC Premier Mastercard is exclusively available to existing HSBC Premier customers in India. Applicants must meet specific financial criteria to qualify for a Premier banking relationship with HSBC.
Eligibility for the HSBC Premier Mastercard in India hinges on maintaining one of the following criteria:
- Total Relationship Balance (TRB): Maintain an average quarterly TRB of ₹50 lakh with HSBC India. For accounts opened before January 1, 2026, a quarterly TRB of ₹40 lakh is required.
- Salary Account: Hold an HSBC salary account with a net monthly salary credit of ₹3 lakh or more. This includes accounts under the HSBC Corporate Employee Program (CEP).
- Mortgage Relationship: Avail a home loan of ₹1.15 crore or more with HSBC India and maintain a ₹50 lakh TRB within 12 months of the first loan disbursement. This criterion is effective from January 1, 2026.
- Global Premier Relationship: Hold an existing HSBC Premier account in another country within the HSBC group.
- Residency: Be an Indian resident living in one of the specified cities, including Mumbai, Delhi NCR, Bengaluru, Chennai, Hyderabad, Pune, and Kolkata.
Issuance of the credit card remains at the sole discretion of The Hongkong and Shanghai Banking Corporation Limited, India.
Premier Mastercard: Reward Program Details
The HSBC Premier Mastercard offers a strong reward program, allowing cardholders to earn points on various spends. As of 2026, cardholders earn 3 reward points for every ₹100 spent, with accelerated earnings on specific categories. These points provide flexible redemption options, including travel and premium products.
- Welcome Bonus: New cardholders receive 20,000 reward points upon activating and making their first spend with the HSBC Premier Credit Card.
- Standard Earnings: Earn 3 reward points for every ₹100 spent on most transactions using the card.
- Accelerated Travel Rewards: Cardholders can earn up to 12X reward points on hotel bookings and 6X reward points on flight bookings made through the ‘Travel with Points’ platform.
- Apple Product Redemptions: Reward points can be redeemed for Apple products via Imagine vouchers, where 1 point equals ₹1 in value.
- Airline & Hotel Conversions: Points convert to air miles and hotel loyalty points with over 20 travel partners at a 1:1 ratio, accessible through the HSBC India mobile banking app.
- Non-Expiring Points: Reward points accumulated on the HSBC Premier Mastercard do not expire, offering long-term redemption flexibility.
- Fuel Surcharge Waiver: Enjoy a 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000 at petrol pumps across India.
This reward structure is designed to provide significant value, especially for frequent travelers and those who prefer premium lifestyle benefits.
Premier Mastercard: Travel Privileges
The HSBC Premier Mastercard offers extensive travel benefits, including unlimited complimentary lounge access at over 1,400 airports globally. Cardholders also benefit from a low foreign exchange markup of 0.99% on all international transactions, making IT suitable for frequent international travellers.
| Privilege | Details | Value/Access |
|---|---|---|
| Airport Lounge Access (Domestic & International) | Unlimited complimentary access for primary cardholders to over 1,400 airport lounges worldwide. Includes access to select airport lounges across major domestic and international terminals in India via Mastercard India Lounge Access Program and LoungeKey. | Unlimited for primary cardholder; 8 free international guest visits per card anniversary year |
| Foreign Exchange Markup | Low foreign exchange markup on all international spending. | 0.99% |
| International Travel Insurance | full international travel insurance covering lost luggage, delays, travel documents, and more. | Included |
| Hotel Booking Offers | Exclusive savings and benefits on hotel bookings. | Up to 20% off on Agoda; One night free at participating hotels with Mastercard |
| Exclusive Hotel Privileges | Exclusive savings, room upgrades, and bonus rewards with luxury hotel partners. | Marina Bay Sands, GHA Discovery, Brilliant by Langham, and more with Mastercard |
| Reward Points on Travel | Accelerated reward points on travel-related spends, convertible to air miles and hotel loyalty points. | Up to 12X reward points on hotels, flights, and car rentals; 1:1 conversion ratio for most partners |
| Emergency Cash Withdrawal Overseas | Access to emergency cash if your card is lost or stolen while abroad. | Up to USD 2,000 at any overseas HSBC branch |
| Global Acceptance | Worldwide acceptance at over 3,800 luxury destinations. | Access to 3,800+ luxury destinations with Mastercard benefits |
These travel privileges position the HSBC Premier Mastercard as a strong choice for urban professionals, business travellers, and globetrotters seeking premium travel benefits and reduced international transaction costs.
Premier Mastercard: Application Process
Applying for the HSBC Premier Mastercard Credit Card requires existing HSBC Premier customer status in India. You must meet specific Premier banking eligibility criteria before applying for the card itself.
The application process can be completed through multiple channels, including online and in-branch, with credit card issuance at HSBC’s discretion.
- Verify Premier Eligibility: Ensure you meet at least one HSBC Premier banking criterion, such as maintaining a quarterly Total Relationship Balance (TRB) of ₹50 lakh, or a net monthly salary credit of ₹3 lakh or more.
- Online Application: Visit the official HSBC India website and to the credit card section to complete the online application form.
- Mobile App Application: Download the HSBC India App and apply for the Premier Mastercard directly within the application.
- Branch Visit: Visit your nearest HSBC bank branch in India to apply in person with the assistance of a bank representative.
- Phone Application: Call the dedicated HSBC Premier application helpline at 1800 120 4722 (from India) or +91-80-71898001 (from overseas).
- Required Documents: Prepare government-approved photo ID proofs like PAN Card, Aadhaar card, Driver’s License, or Passport for submission.
Key Takeaways
- HSBC Premier Mastercard applications are exclusive to existing HSBC Premier customers in India.
- Premier eligibility requires maintaining a TRB of ₹50 lakh quarterly or a net monthly salary of ₹3 lakh.
- The application can be initiated online, via the HSBC India App, by phone, or at a physical branch.
Check your Premier eligibility and apply for the HSBC Premier Mastercard Credit Card through the official HSBC India website or by contacting their helplines.
Frequently Asked Questions (FAQs)
What are the eligibility criteria for the HSBC Premier Mastercard in India?
To qualify for the HSBC Premier Mastercard in India, you must be an existing HSBC Premier customer. This requires maintaining an average quarterly Total Relationship Balance (TRB) of ₹50 lakh, or a net monthly salary credit of ₹3 lakh, or a mortgage relationship of ₹1.15 crore (effective January 1, 2026). You must also be an Indian resident living in specific cities like Mumbai, Delhi NCR, or Bengaluru.
What is the annual fee for the HSBC Premier Mastercard in India?
The HSBC Premier Mastercard has an annual fee of ₹20,000, plus applicable taxes, as of 2026. This annual fee is waived for qualified customers who maintain an HSBC Premier relationship in India. There is also a joining fee of ₹12,000, which is charged after card activation.
What are the reward points for the HSBC Premier Mastercard?
The HSBC Premier Mastercard offers 3 reward points for every ₹100 spent on the card. You can earn up to 12X reward points on hotels, flights, and car rentals when booking through ‘Travel with Points’. New cardholders also receive 20,000 reward points upon activation and initial usage.
How can I redeem HSBC Premier credit card reward points?
You can redeem HSBC Premier credit card reward points for airline miles or hotel loyalty points with over 20 travel partners, typically at a 1:1 conversion ratio via the HSBC India mobile banking app. Points can also be redeemed for Apple products through Imagine vouchers, where 1 point equals ₹1. This provides flexibility for both travel and lifestyle redemptions.
Does the HSBC Premier Mastercard offer airport lounge access?
Yes, the HSBC Premier Mastercard provides unlimited complimentary airport lounge access, both domestic and international. Cardholders also receive 8 free international lounge visits per year for guests. This benefit travel convenience for frequent flyers.
What is the foreign exchange markup fee on the HSBC Premier Mastercard?
The HSBC Premier Mastercard charges a foreign exchange markup of only 0.99% for all international spending. This is significantly lower than many other premium credit cards in India, making IT a cost-effective option for overseas transactions. You can also get emergency cash withdrawals up to USD 2,000 at any overseas HSBC branch if your card is lost.
How do I apply for the HSBC Premier Mastercard in India?
You can apply for the HSBC Premier Mastercard if you are an existing HSBC Premier customer and meet the eligibility criteria. Applications can be submitted online through the official HSBC India website, by calling 1800 120 4722 within India, or by visiting a nearby HSBC bank branch. Ensure all required documents are ready for a smooth application process.
Disclaimer: This article is general information, not financial advice. Interest rates, fees, and eligibility change frequently. Verify current details with the lender or regulator (RBI / SEBI / IRDAI) before deciding.