HSBC Premier Credit Card: rewards, caps and exclusions
The HSBC Premier Credit Card pays about 18% on Travel with Points: hotels, on the first ₹50,000 of spend a month, and 1.5% on everything else. Below is every rate, cap and exclusion in HSBC India's published terms, as we last checked them on 8 October 2026.
What it earns
≈ marks a rate paid in points, valued at ₹0.5 a point. That is Zenidhi's conservative valuation, the same one the audit uses: the cheap end of what the points can be redeemed for, never the best transfer. Redeemed well, they can be worth more.
What earns nothing
Spend in these categories earns no rewards on this card, however it is paid for:
- Fuel
- Cash withdrawals and fees
Fees
- Annual fee: ₹20,000
- Joining fee: ₹12,000
Where this comes from
Transcribed from HSBC India's own documents and checked against them on 8 October 2026:
- product page, hsbc.bank.in
- Premier rewards page, hsbc.bank.in
- Rewards T&C, hsbc.bank.in (PDF)
- tariff/MITC, hsbc.bank.in (PDF)
- Key Fact Statement, hsbc.bank.in (PDF)
Banks change these terms, sometimes with a month's notice. If a figure here disagrees with HSBC India's current document, the bank's document is right. Tell us at support@zenidhi.com and we'll fix the rule, here and in the app.
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Other HSBC India cards
10% on Food, Groceries, Shopping, Bills
HSBC RuPay Cashback Credit Card10% on Food, Groceries
HSBC RuPay Platinum Credit Card≈0.53% on everything else
HSBC Taj Credit Card≈3.33% on Taj, SeleQtions, Gateway, Vivanta hotels and amã Stays & Trails bungalows
HSBC TravelOne Credit Card≈9.6% on Hotels via hsbc travel portal
HSBC Visa Platinum Credit Card≈0.53% on everything else