Fees
Joining Fee
Renewal Fee
Best Suited For
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Reward Type
Cashback |
The Hong Kong and Shanghai Banking Corporation (HSBC Bank) is an international bank incorporated in 1865 by Thomas Sutherland in Hong Kong. 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. More than 1.90 lakh shareholders hold the HSBC holdings. 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.
As of January 2024, HSBC has over 6 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.
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Cashback |
Shopping |
Reward Points
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Reward Points
Shopping |
Reward Points
HSBC Bank offers three credit cards which are as follows-
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.
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.
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.
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. |
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 |
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 |
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.
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 |
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.
Identity Proof (any one) | Address Proof (any one) | Income proof |
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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.
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.