HSBC Premier Credit Card — Rewards, Fees & Value

HSBC India · mastercard · super premium

Best reward rate

4.5%

Annual fee

Nil

Type

Reward points

Point value (best)

₹0.75

Reward rate by category

Effective value back per ₹100 spent, after our cap-aware audit. Points valued at best redemption.

Travel & flights4.5%

Dining & food delivery3%

Online shopping2.3%

Groceries2.3%

Utilities & bills2.3%

Transfer partners

Points can transfer to: air india flying returns, british airways avios, singapore airlines krisflyer, marriott bonvoy.

Key benefits

No annual fee for HSBC Premier banking customers
Unlimited domestic airport lounge access
Priority Pass (6 free international lounge visits per year)
Comprehensive travel insurance up to ₹1.5 crore
1% fuel surcharge waiver

See what this card is worth for your spending

Calculate your exact points value, or let the Card Finder check whether the Premier belongs in your stack.

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FAQs

What is the reward rate on the Premier credit card?

The HSBC Premier Credit Card earns up to 4.5% effective value on travel & flights and 3% on dining & food delivery. Its base rate is about 2.3%.

What is the annual fee of the Premier?

The Premier has no annual fee.

What is one Premier reward point worth?

On the Premier, one point is worth up to about ₹0.75 via its best redemption, or around ₹0.25 as cashback.

Reward data last verified 2026-06-01. Rates and fees change frequently — always confirm on the issuer's website before applying. RewardsAI is an independent tool and not affiliated with HSBC India.