After teasing a 0% forex mark-up offer earlier this month, HSBC has now officially rolled out the promotion for its credit cardholders in India. Under the limited-period offer, eligible HSBC credit cardholders can make foreign currency transactions without paying the usual foreign exchange mark-up fee between 15 August and 15 September 2026.
The offer is applicable to all valid HSBC Credit Cards held by existing Indian resident cardholders, although corporate credit cards are excluded.
0% Forex Mark-Up on International Transactions
During the offer period, HSBC will waive the foreign exchange mark-up fee on eligible international transactions made using its credit cards.
The offer applies to transactions made:
- At international merchant point-of-sale terminals
- Online in foreign currencies
- In any currency other than INR
- Using both primary and add-on HSBC credit cards
There is no minimum spending requirement mentioned in the terms and conditions. However, ATM cash withdrawals are specifically excluded from the offer.
The 0% forex mark-up promotion is valid from 15 August 2026 to 15 September 2026, both dates inclusive. The offer is also available over and above the existing rewards and benefits of the respective HSBC credit card.
| Particulars | Details |
| Offer | 0% Forex Mark-Up |
| Eligible Cards | Valid HSBC Credit Cards |
| Corporate Cards | Not Eligible |
| Offer Period | 15 August – 15 September 2026 |
| International POS Transactions | Eligible |
| International Online Transactions | Eligible |
| ATM Withdrawals | Not Eligible |
| Add-on Cards | Eligible |
GST and Other Charges Still Apply
While HSBC is waiving the foreign exchange mark-up fee, this does not mean that every charge associated with an international transaction disappears. The bank specifically states that the waiver does not cover GST, cross-border transaction fees charged by card networks, or other applicable regulatory charges and levies. Cardholders should also make sure they pay in the local currency when given the option overseas, rather than accepting dynamic currency conversion into INR.
Bottom Line
HSBC’s latest offer is a welcome development for cardholders planning international travel over the next few weeks. For a limited period, eligible HSBC credit cards can effectively be used for 0% forex mark-up on foreign currency purchases, while continuing to earn the card’s existing rewards.
The offer is currently live and will run until 15 September 2026, making it worth considering for upcoming international spends.