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The Hongkong and Shanghai Banking Corporation (HSBC Bank) is international bank incorporated in 1865 by Thomas Sutherland in Hongkong. It was 1959 when it took over the Mercantile Bank of India in Mumbai. It is the second oldest foreign bank in the country and gave India its first-ever ATM in 1987. The headquarters of HSBC Bank is situated in London, and it is listed on different stock exchanges, namely, London, New York, Hong Kong, and Bermuda stock exchanges. The HSBC holdings are held by more than 1.90 lakh shareholders. Initially, it was founded to serve the needs of merchants of the China coast and finance the growing trade between China, Europe, and the US. With time, it stretched its network across 150 countries and started providing various products and services, including credit cards, to its commercial banking clients and retail and corporate customers.

HSBC Bank Credit Cards As of August 2023, HSBC has over 7.5 lakh active credit card customers in India, and more are added each day. There are several decent credit cards available in HSBC’s portfolio, and hence, everyone can find a card suitable for their requirements. Read the credit card information to make an informed decision.

List of Best HSBC Credit Cards in India

Table of Contents
HSBC Cashback Credit Card

(4.6/5)

Fees

Joining Fee

Rs. 999 + GST

Renewal Fee

Rs. 999 + GST

Best Suited For

Shopping |

Reward Type

Cashback |

Welcome Benefits

Amazon voucher worth Rs. 1,000 on transaction of Rs. 10,000 in the first 30 days
HSBC Visa Platinum Credit Card

(4.3/5)

Fees

Joining Fee

Nil

Renewal Fee

Nil

Best Suited For

Shopping |

Reward Type

Reward Points

Welcome Benefits

Amazon Voucher worth Rs. 500, 3 complimentary lounge access/3 meal vouchers, 50% discount (up to Rs.100) on the first transaction on google pay, and 10% cashback (upto Rs. 2,000).
HSBC Premier Metel Credit Card

(4.4/5)

Fees

Joining Fee

Rs. 12,000 + GST

Renewal Fee

Rs. 20,000 + GST

Best Suited For

Shopping |

Reward Type

Reward Points

Welcome Benefits

Complimentary Epicure and EazyDiner Prime Membership. Taj Experiences Gift Card Worth Rs. 12,000
Discontinued
HSBC Smart Value Credit Card

(4.1/5)

Fees

Joining Fee

Nil

Renewal Fee

Nil

Best Suited For

Shopping |

Reward Type

Reward Points

Welcome Benefits

3 complimentary airport lounge access, an Amazon gift voucher worth Rs. 500, 10% cashback up to Rs. 1,000, and 50% discount on Google Pay.

Top HSBC Bank Credit Cards

HSBC Bank offers three credit cards which are as follows-

HSBC Premier Mastercard Credit Card

HSBC Premier Mastercard is one of the best cards offered by HSBC Bank. On this card, you get the lowest foreign currency mark-up charges as compared to other cards mentioned in this article. You can gain two reward points for every Rs. 200 spent with this card. You can also enjoy the travel benefits every year. On this card, you get a variety of privileges on golf, shopping, and entertainment.

HSBC Visa Platinum Credit Card

It’s an entry-level credit card proposed by the HSBC Bank, which offers a quite decent reward rate on every retail spending on this card. Moreover, it provides you with exciting offers and discounts on movies and dining. Earn two reward points for every other spend of Rs. 150 on this card and 5x reward points on spending above Rs. 4 lakhs. This card can be ideal for first-time credit cards.

HSBC Cashback Credit Card

With this card, cardholders can enjoy cashback benefits in various categories like dining, online shopping, and more. HSBC Bank on this card entitles you to enjoy the best deals, from paying bills to buying flight tickets. This card allows you to earn 1.5% cashback on all online transactions and 1% cashback on all other spendings. Moreover, you can also enjoy the spend-based annual fee waiver on achieving the annual spending of Rs. 1,00,000.

Note:- On all above-mentioned credit cards, HSBC Bank provides zero liability lost card protection.

HSBC Credit Card Reward Points & Cashback

Credit Card Reward Points
HSBC Visa Platinum Credit Card 2 RPs on every other Rs. 150 spent on this card and 5x RPs on spending above Rs. 4,00,000 in a year.
HSBC Premier Mastercard Credit Card 2 RPs for every Rs. 100 spent on this card.
HSBC Cashback Credit Card 10% cashback on eligible spends like grocery, dining and food delivery & 1.5% cashback on all other transactions.

Rewards Redemption

HSBC bank allows you to easily redeem your reward points or convert your reward points into AirMiles. It gives you a plethora of choices to choose from product catalogues ranging from e-gift vouchers to donations and more. While choosing goods and services from the product catalogue, the maximum value of 1 reward point is equivalent to 0.37 for all credit cards except the HSBC Premier Mastercard Credit Card.

*For HSBC Premier Mastercard Credit Card, the maximum value of 1 reward point is equivalent to 0.43.

Furthermore, on HSBC Visa Platinum Credit Card and HSBC Premier Mastercard Credit Card, you can also convert your reward points to Taj Inner Circle Points (1000RPs = 1000 Taj Inner Circle Points). For this purpose, you need to redeem a minimum of 1000 reward points.

For the conversion of reward points to Airmiles, kindly see the table:

Credit Card Reward Redemption
HSBC Visa Platinum Credit Card 2 RPs = 1 InterMile

1 RP = 1 Kris Flyer Mile/Avios Mile

HSBC Premier Mastercard Credit Card 3 RPs = 2 InterMiles

1 RP = 1 Kris Flyer Mile/Avios Mile

Complimentary Airport Lounge Access With HSBC Credit Cards

Card Complimentary Lounge Access
HSBC Visa Platinum Credit Card  3 Complimentary Domestic & International Lounge Access in a Year
HSBC Cashback Credit Card 4 Complimentary Domestic Lounge Access in a Year
HSBC Premier Mastercard Credit Card 24 Complimentary Domestic Lounge Access and 2 International Lounge Access in a Year

Annual Fee

An annual Fee is an important factor you might look for while applying for a credit card. Different HSBC Credit Cards may have different annual fees on the basis of features provided by them.

Credit Card Annual Fee Renewal Fee Renewal Fee Waiver Condition
HSBC Visa Platinum Credit Card & HSBC Premier Mastercard Credit Card Nil Nil NA
HSBC Cashback Credit Card Rs. 999 Rs. 999 Reversed on Spending Rs. 2,00,000

*spends within an anniversary year.

Other Fees and Charges

Credit Card Interest Rate Cash Advance Fee Foreign Currency Markup Reward Redemption Fee Add-on Card fee
HSBC Visa Platinum Credit Card and HSBC Cashback Credit Card 3.49% p.m. (41.88% p.a.) 2.5% or a minimum of Rs. 500. 3.5% NIL NIL
HSBC Premier Mastercard Credit Card 2.49% p.m. (29.88% p.a.) 2.5% or a minimum of Rs. 300. 1.99% Rs. 50 NIL

 Eligibility Criteria

Credit Card Age Minimum Income requirement for salaried employees
HSBC Visa Platinum Credit Card and HSBC Cashback Credit Card 18 years – 65 years Rs. 4 lakhs per annum

The eligibility criteria for HSBC Premier Mastercard Credit Card is that you are required to maintain an HSBC Premier relationship in India.

Documents Required

Identity Proof (any one) Address Proof (any one) Income proof
  • PAN Card
  • Aadhar Card
  • Voter ID
  • Passport
  • Driving Licence
  • Aadhar Card
  • Voter ID
  • Passport
  • Driving Licence
  • Rent agreement
  • Utility bills
  • Property tax receipt
  • House allotment letter issued by central or state government
  • For salaried employees – salary slip of last two months & bank statement showing salary credits.
  • For self-employed individuals – Later ITR (Income Tax Return).

How To Apply for an HSBC Credit Card?

You can apply for HSBC Bank Credit Cards either by visiting the nearest branch or by the online method with Card Insider. Keep a few documents like a PAN Card handy as it might be required while filling out the form. You can simply click on the Apply Now button right next to the HSBC Card of your choice. You can also visit the nearest HSBC Bank branch to apply for a new credit card.

HSBC Bank Application Status

To track the application status, you need to call credit card customer care ( helpline number for India: 1800 267 3456 / 1800 121 2208 and for overseas 040-61268002/ 080-71898002) only on working days from 6:30 am to 8:30 pm. However, HSBC Bank does not provide any facility to check application status in online mode.

Customer Care

  • HSBC Bank provides priority service to its credit card members within India and from Overseas.
  • If you have any personal banking and credit card queries, call the toll-free helpline numbers for India: 1800 267 3456 / 1800 121 2208 and for overseas 040-61268002/ 080-71898002 during office hours, i.e., between 6:30 am to 8:30 pm.
  • It also provides emergency services 24*7 to report loss or misuse of card/account.

Quick Links

FAQs:

Yes, HSBC Bank provides complimentary lounge access on all of the above mentioned credit cards. However, the card members get lounge access under the introductory benefits which are valid till 31st December 2021 only on HSBC Visa Platinum Credit Card, HSBC Smart Value Credit Card, and HSBC Cashback Credit Card
You will be charged a redemption fee of Rs. 50 only on HSBC Premier Mastercard Credit Card and no redemption fee will be charged on other credit cards offered by HSBC Bank.
No, above mentioned credit cards do not have a spend based waiver except HSBC Cashback Credit Card. On HSBC Cashback Credit Card, spending Rs. 1,00,000 in the previous year, the annual fee of Rs. 750 will be reversed.
No, as of now HSBC Bank does not provide the online facility to check your credit card application status. To track the application status you need to call the customer care toll free helpline number.
You can provide any one from Aadhar card, voter id, passport, driving license, etc. as address proof to get a card issued from the HSBC Bank.
None of the above mentioned cards have an add-on card fee. It is completely free on these credit cards offered by the HSBC Bank.
You can join HSBC Premier either by calling the customer care number or by visiting the HSBC Bank Branch. Indians can call on 1800 266 3456 or 1800 120 4722 and overseas customers can call on +91-40-61268001 or +91-80-71898001. While visiting the branch, kindly take your identification documents and recent proof of address with yourself.
The validity of reward points on HSBC Credit Cards is for 3 years from the date of accumulation. The reward points earned from the date of issuance of credit card i.e. first year, can be redeemed till the end of the third year. For instance, you get your card on say 1st January 2012, the reward points earned afterwards will expire on 1 January 2015.

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