CardAgent
Verified by CardAgent admin · last checked 08 Jul 2026
HSBC India

HSBC Premier Mastercard

47
Ranked #37 of 170 in credit
creditMastercardUltra-Premium (invite/relationship-only)

HSBC's ultra-premium relationship-exclusive credit card for HSBC Premier banking customers only, offering unlimited lounge access, a market-leading 0.99% forex markup, and flexible non-expiring rewards — inaccessible without an existing high-value HSBC banking relationship.

Score breakdown

Data completeness: 70% · Last verified: 09 Jul 2026

Reward value44/100 · weight 71%
≈ 2.01% effective on the standard basket (eligible spend only)
Wide-coverage rewards: +10.0% score bonus — earns broadly without narrow category restrictions.
Fee efficiency18/100 · weight 12%
Redemption flexibility75/100 · weight 9%
Perks78/100 · weight 9%

Fees

All fees shown base + 18% GST (India card fees legally attract GST).

Joining fee
₹12,000 + 18% GST
= ₹14,160 total
Annual fee
₹20,000 + 18% GST
= ₹23,600 / year total
Waiver: Waived if HSBC Premier eligibility maintained: quarterly TRB of Rs50L, OR salary account with net monthly credit Rs3L+, OR mortgage relationship of Rs1.15Cr+ with TRB Rs50L within 12 months
Forex markup
0.99%

Lounge access

Domestic (per year)
Unlimited
International (per year)
Unlimited

Reward structure

CategoryTypeRateCapNotes
all_spendspoints2.01%(3 pts @ ₹0.67)—3 RP/Rs100 base rate, uncapped

Welcome offer

20,000 Reward Points welcome bonus

Milestone benefits

Pros

  • Best-in-class forex markup in India (0.99% vs typical 3.5%)
  • genuinely unlimited lounge access with no spend conditions
  • non-expiring points with flexible 1:1 airline/hotel transfers
  • strong welcome bonus (~Rs13,000+ value at Accor redemption rates)

Cons

  • Not available to the general public — requires existing HSBC Premier relationship (Rs50L TRB or Rs3L/month salary or Rs1.15Cr+ mortgage)
  • very high entry barrier limits practical applicability for most consumers

What's inside

More benefits

  • EazyDiner dining discount

    ₹1,500

    30% off bill (up to Rs1,500) at EazyDiner partner restaurants

    unlimited. Minimum bill Rs3,000, coupon code required

  • BOGO movie tickets

    ₹250

    Buy one get one on BookMyShow movie/event tickets, all days of week

    unlimited. Max Rs250 off per ticket

  • Taj Epicure / hotel privileges

    Complimentary upgrades, early check-in/late check-out at 3,800+ luxury Mastercard destinations; Agoda up to 20% off; one night free with Mastercard Travel

    unlimited. Booking via specified partner channels

Insurance cover

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Eligibility

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Must be existing HSBC Premier customer meeting TRB/salary/mortgage criteria; 21+ years

Small print

Fuel surcharge:1% waiver, Rs400-4,000 range, valid all year