HSBC India Introduces Upgrades to Premier and Cashback Credit Cards -Explore New Features and Benefits

Finance Frontiers
2 min readNov 29, 2023

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HSBC India has unveiled enhanced features for its credit card offerings, specifically targeting two segments: the HSBC Premier Credit Card for affluent customers and the refreshed HSBC Cashback Credit Card catering to a wider customer base.

HSBC Premier Credit Card

  • Joining Fee: Rs.12,000
  • Annual Fee: Rs.20,000 (waived for qualified premier customers)

The upgraded HSBC Premier Credit Card now provides luxury benefits for travel, lifestyle spending, and reward points. Customers can redeem Re 1 for every reward point at the time of redemption. Additionally, cardholders enjoy unlimited domestic and international lounge access, with eight free international lounge visits for their guests annually.

Key Features:

  • Welcome offer includes Taj Epicure membership and a Taj voucher worth Rs 12,000 on card activation.
  • Travel perks: 0.99% forex mark-up, one air mile for every reward point across 20+ airlines in Star Alliance.
  • Lifestyle benefits: Complimentary EazyDiner annual membership, instant restaurant discounts, and BookMyShow movie and event offers.
  • Reward points: 3 points for every Rs 100 spent, with no expiry date.

HSBC Cashback Credit Card

  • Joining Fee: Rs.999
  • Renewal Fee: Rs.999 (waived on reaching a spend milestone of Rs 2 lakh/year)

The revamped HSBC Cashback Credit Card caters to a broader audience, offering 10% cashback on dining, food delivery, and grocery, capped at Rs 1,000 per statement cycle. Cardholders also earn unlimited 1.5% cashback on other expenditures. As an introductory offer, users receive a Rs 1,000 Amazon voucher with a minimum transaction of Rs 10,000 within the first 30 days.

Additional Features:

  • Four complimentary domestic airport lounge access visits per year.
  • Joining fee of Rs.999 for new customers.

Sandeep Batra, Head of Wealth and Personal Banking at HSBC India, emphasized the value enhancement as a commitment to enhancing customer experiences across different segments. The upgrades aim to reward customers with unmatched benefits, providing both convenience and value, particularly during the festive season and everyday spending.

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