HSBC Premier Credit Card Review
HSBC Premier Credit Card
Overview
Navigating the world of credit cards can often feel overwhelming.
Today, we shine our spotlight on a particularly intriguing product – the HSBC Premier Credit Card. Known for its distinctive privileges and coveted rewards, this card has piqued curiosity and excitement among many.
But does it hold the key to your financial freedom, or is it just another fancy name in the credit card landscape?
In our ‘HSBC Premier Credit Card Review’, we will examine every feature, benefit, and term attached to this card.
This comprehensive review ensures you have all the necessary information to understand how the HSBC Premier Credit Card fares in real-world scenarios, whether you’re a novice or a well-versed financial dealing enthusiast.
So, buckle up as we dive deep into the various features of this luxury-filled financial product!
At A Glance
HSBC Premier Credit Card
- Joining Fee:Â Rs. 12,000 + GST
- Annual Fee:Â Rs. 20,000 + GST
- Best for:Â Shopping
- Reward Type: Reward Points
- Best Feature(s):Â 1:1 redemption ratio across 20+ airlines, Imagine vouchers to purchase Apple products
Fees & Charges
| Description | Fees & Charges |
|---|---|
| Joining Fee | Rs. 12,000 + GST |
| Renewal/Annual Fee | Rs. 20,000 + GST |
| Spend Based Waiver | N/A |
| Foreign Currency Markup Charges | 0.99% for the Transaction Amount |
| Interest Rates | 2.49% per month (or 29.88% annually) |
| Fuel Surcharge Waiver | 1% waiver |
| Rewards Redemption Fee | Rs. 50 for every redemption request |
| Add-on Card Fee | NIL |
| Cash Advance Charges | Rs. 300 or 2.5% of the amount withdrawn, whichever is higher. |
Welcome Benefits
HSBC Premier Credit Card
- Complimentary memberships to Taj Epicure and EazyDiner
- Taj gift vouchers worth Rs 12,000 upon card issuance
Eligibility Criteria/ Financial Requirements
Eligibility Info
- The applicant must be between the ages of 18 and 65 years.
Financial Requirements
- Maintain a quarterly Total Relationship Balance (TRB) of Rs. 4 Lakhs, or
- Have a mortgage relationship with a disbursal of over Rs. 1.50 crores with HSBC India, or
- Have a corporate salary account with HSBC and a net monthly salary of Rs. 3 Lakhs.
This credit card is exclusively available to HSBC Premier relationship customers.
Key Features
HSBC Premier Credit Card
- Metal Credit Card, Designed to Perfection.
- Unlock Forex Markup at an Astoundingly Low rate of 0.99% – No Terms and Conditions apply.
- Experience 1:1 Redemption for over 20 Airlines and Apple products using Imagine vouchers.
- Indulge in Unlimited Airport Lounge Access both in India and around the world, along with 8 International guest visits.
- Earn 3 Reward Points for every Rs 100 spent – your points will never expire.
Card’s Design & Feel – Is it luxurious?
Stepping along in a captivating shade of dark blue, the HSBC Premier Credit Card immediately grabs your attention with its sleek, modern design.
This isn’t your typical plastic card – it’s metal construction, significant in your hands, boldly distinguishes it from its contemporaries. Details on the card surface have been kept minimalist, ensuring a clutter-free look that oozes sophistication. The back is equally tidy, maintaining the aura of elegance.
Compared with a traditional plastic card, the HSBC Premier Credit Card undoubtedly brings a richer, grander feel to the table, proving simplicity can be the ultimate sophistication. It’s more than just a financial tool; it’s a stride into a world where finance meets refinement.
Reward Points
How to earn?
Important Info
- Earn 3 reward points per Rs 100 that you spend.
- Reward Points – They never expire !!
- Spend anywhere ( no specific category exclusions currently )
More often than not, you will see 2 reward points per Rs 100 that you spend, as per the industry standard. But here, the rate is slightly on the higher side.
How to Redeem?
To get a clear picture of Air Miles redemption for different Airline programs, you can follow this table:
| Airlines/ Membership Programme | Reward Points | Air Miles that you will earn |
|---|---|---|
| Air India's Flying Returns (For Star Alliance members) | 1 | 1 Flying Return Point |
| Club Vistara Points | 1 | 1 CV Point |
| British Airways Executive Club | 1 | 1 Avios Mile |
| Etihad Airways | 1 | 1 Air Mile |
| InterMiles | 3 | 2 JP Miles |
If you want to redeem your reward points for Air Miles, simply call Premier Phone Banking and request redemption with your HSBC Premier Credit Card.
Premier Phone Banking
| Resident Customers | Phone Details |
|---|---|
| Within India (Toll Free) | 1800 266 3456, 1800 120 4722 |
| From Overseas | +91-40-65118001, +91-22-71728001 |
Airport Lounge Access
| Access Type | Access Network | No of Visits Per Year | Guest Allowed |
|---|---|---|---|
| Domestic | MasterCard | Unlimited | N/A |
| International | Priority Pass | Unlimited | Up to 8 ( max) |
It’s an excellent Priority Pass feature that allows a maximum of 8 guests for International visits. Your family/friends’ access is sorted now.
What makes your International trips even sweeter is the Foreign Currency Markup Charges of only 0.99% ( No hidden terms and conditions ).
Movies Benefits
Enjoy a weekly Buy One Get One (BOGO) offer on movie tickets through BookMyShow.
Complimentary Memberships
Other LifeStyle Benefits
Conclusion
In conclusion, the HSBC Premier Credit Card is truly a winning blend of design, luxury, and remarkable benefits. Its enticing layout and metal frame elevate it beyond traditional plastic cards.
The card’s exceptional rewards program turns your everyday expenses into memorable experiences, enchanting vacations, and much more. Its global acceptance makes it a perfect travel companion, unlocking exclusive airport lounge access, shopping offers, and unparalleled dining experiences.
If you’re seeking a credit card that goes beyond transactions and adds unrivalled value to your life, look no further than the HSBC Premier Credit Card. Embark on a journey where luxury, convenience, and timeless elegance come together – the HSBC Premier Credit Card awaits.
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FAQs
What benefits does the HSBC Premier Credit Card offer?
Besides the impressive design, the HSBC Premier Credit Card has many benefits – from Air Miles on transactions and access to airport lounges worldwide to shopping and dining deals.
How do I earn rewards points with the HSBC Premier Credit Card?
You earn reward points every time you transact with your card – shopping, dining, or travel expenses. The card turns your spending into rewards.
How can I redeem the HSBC Premier Credit Card reward points?
Redeeming your reward points is straightforward. Login to your HSBC account, navigate to the “Rewards” section, and choose the “Redeem Rewards” option. You can redeem your points for Air Miles and gift cards or select from an array of items in their catalogue.
Is the HSBC Premier Credit Card a metal or plastic card?
The HSBC Premier Credit Card is a sturdy metal card. This gives it a distinct aesthetic appeal and a luxe feeling compared to typical plastic cards.
How does the HSBC Premier Credit Card design compare to other credit cards?
The HSBC Premier Credit Card stands out with its minimalistic yet elegant design. Its dark blue hue, neat lines, and concise detailing provide a sophisticated and sleek look absent in many conventional cards.
What’s the global acceptance of the HSBC Premier Credit Card?
Being a part of the MasterCard network, the HSBC Premier Credit Card has global acceptance. It can be used in millions of places worldwide, making it favourable for those with a knack for travel.
