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HSBC Premier Credit Card Features and Rewards

Welcome Benefits

• You get a complimentary Taj Epicure and EazyDiner membership.
• You get complimentary Taj gift vouchers worth ₹12,000.

Airport Lounge Access

• Complimentary unlimited access to domestic and international airport lounges.
• Eight complimentary visits to the international airport lounges across the globe for guests.

Lower Foreign Currency Markup Fee

You have to pay a lower markup fee of 0.99% of the transacted amount while making transactions in a foreign currency. Most other cards charge you a markup fee between 2.5% and 3.5%.

Movie Benefits

Avail weekly Buy One Get One Offer movie offers on BookMyShow with this credit card.

HSBC Premier Credit Card Rewards

Cardholders will get 3 Reward Points for every ₹100 spent using their credit card. These Reward Points will never expire and can be redeemed against multiple options, including Apple products, at a 1:1 ratio with Imagine vouchers. This credit card offers a reward rate of 3%, which is quite good. One of the most attractive aspects of this rate is that, as of now, there are no exceptions. We may see new restrictions added soon due to the trend of devaluation, but for now, this credit card provides unhindered rewards.

Reward Redemption

Cardholders can convert their Reward Points into various Airmile programs at a rate of 1:1. The redemption rate is as follows-

How to Apply for the HSBC Premier Credit Card

In order to be eligible for this credit card, one is required to maintain an HSBC Premier relationship in India. Suppose you have a Premier relationship with HSBC in India. In that case, you can apply for this credit card simply by clicking on the “Apply Now” option. You’ll need to submit a few documents, including an identity/address proof (Aadhaar card, Voter card, etc.) and proof of income (salary slips, audited ITR acknowledgment).

Here are the eligibility criteria for a premier banking relationship with HSBC Bank.

1. Maintain a quarterly Total Relationship Balance (TRB) of ₹40,00,000.
2. Have a mortgage relationship with disbursal of ₹1,15,00,000 or more with HSBC India.
3. Hold a corporate salary account under the HSBC Corporate Employee Programme (CEP) in India with a net monthly salary credit of ₹3,00,000 or more into the account.

HSBC Customer Care

HSBC offers a 24×7 helpline to its Premier card holders. In case you need any assistance or to report the loss of your card, you may simply dial their customer support numbers: 1800 266 3456 or +91-40-61268001.

HSBC Premier Metal Credit Card Review

As this card is exclusive to Premier Relationship members, it’d be unfair to compare it with other similar cards in the market. Still, since it is complimentary for Premier customers and offers a decent reward rate and premium benefits, there is no reason to skip this one if you are a Premier customer of the bank. Still, even after maintaining such a high level of relationship with the bank, the customer is not receiving the full benefits in terms of credit cards compared to other banks.

What do you think of this Premier Relationship exclusive offering by the HSBC Bank? Do let us know in the comments. And if you’re an existing cardholder, feel free to share your experience for the benefit of others.