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

HSBC TravelOne Credit Card

48
Ranked #31 of 171 in credit
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HSBC's flagship travel-miles card, positioned as India's top flexible airmiles card since Axis Atlas stopped new issuance, offering 20 transfer partners at strong ratios and a unique chauffeur airport transfer perk.

Score breakdown

Data completeness: 100% · Last verified: 03 Sept 2026

Reward value42/100 · weight 71%
≈ 2.17% effective on the standard basket (eligible spend only)
Wide-coverage rewards: +0.6% score bonus — earns broadly without narrow category restrictions.
No rewards on: rent, utilities, insurance. Reward score is scaled by ×(1 − 3.5%), proportional to how much of the standard basket falls in these excluded categories (v4 formula, capped at −5%). Tip: pair with a card that covers these.
Fee efficiency63/100 · weight 12%
Redemption flexibility75/100 · weight 9%
Perks42/100 · weight 9%

Fees

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

Joining fee
₹4,999 + 18% GST
= ₹5,899 total
Annual fee
₹4,999 + 18% GST
= ₹5,899 / year total
Waiver: Annual fee waived on annual spend of Rs 8 lakh
Forex markup
3.5%

Lounge access

Domestic (per year)
6
International (per year)
4

Reward structure

CategoryTypeRateCapNotes
travelpoints1.00%(4 pts @ ₹0.25)——
online_travel_bookingpoints4.00%(4 pts @ ₹1.00)₹50,000 / monthly4 RP/Rs 100 on flights/travel aggregators/forex, capped 50,000 pts/month
diningpoints0.50%(2 pts @ ₹0.25)——
online_spendspoints0.50%(2 pts @ ₹0.25)——
all_spendspoints2.00%(2 pts @ ₹1.00)—2 RP/Rs 100, no cap; 1 RP transferable to 1 airmile
groceriespoints0.50%(2 pts @ ₹0.25)——
fuelpoints0.00%(0 pts @ ₹1.00)—No points on fuel

Welcome offer

Rs 1,000 cashback + Rs 3,000 PostCard voucher + 3-month EazyDiner Prime membership, on spending Rs 10,000-25,000 within first 30 days via HSBC India app (offer terms vary by promo period)

Milestone benefits

Pros

  • Best-in-class flexible airmiles card in India post-Axis Atlas discontinuation
  • 20 transfer partners at mostly 1:1 ratio, instant app-based conversion
  • 4 complimentary chauffeur-driven airport transfers/year (new 2026 benefit)
  • no minimum spend for lounge access
  • strong travel platform discounts (Yatra, EaseMyTrip, Cleartrip up to 20%)

Cons

  • High 3.5% forex markup — inconsistent with travel-card positioning
  • wide exclusion list (fuel, rent, insurance, utilities, government, education, jewellery, wallets, UPI)
  • city-restricted eligibility
  • welcome bonus (3,000 pts) doesn't fully offset joining fee unless redeemed via Accor
  • some cardholder reports of reward point crediting delays/issues

What's inside

More benefits

  • Chauffeur airport transfers

    ₹2,000

    4 complimentary chauffeur-driven airport transfers/year via Ecos Mobility

    Cap ₹8,000 / quarterly. 1 per quarter, select domestic locations, primary cardholder only, valid until Dec 31 2026

Insurance cover

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Eligibility

text
Indian resident in select cities only (Delhi NCR, Mumbai, Bangalore, Chennai, Pune, Hyderabad, Kolkata, Ahmedabad, Jaipur, Kochi, Coimbatore, Chandigarh, Indore, Lucknow, Noida, Gurgaon)

Small print

Fuel surcharge:Not clearly detailed; fuel spends do not earn reward points