HSBC India has announced a facelift of its credit cards — HSBC Premier Credit Card and HSBC Cash Back Credit Card. The upgraded HSBC Premier Credit Card offers luxury benefits on travel, lifestyle spending and reward points for its affluent customers. On reward points, at the time of redemption, HSBC Premier Credit Card customers can avail ₹1 for every reward point across some categories.
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The HSBC Premier Credit Card holders can enjoy unlimited domestic and international lounge access with eight international free lounge visits for their guests per year, HSBC India said.
Meanwhile, in line with the growing consumer needs in India, the refreshed HSBC Cashback Credit Card, targeted towards the wider base of mass credit card holders, offers 10% cashback on dining, food delivery and grocery, capped at up to ₹1,000 per statement cycle, as well as unlimited 1.5% cashback on other spends.
HSBC Premier Credit Card
HSBC Premier Credit Card comes with a welcome offer of Taj Epicure membership and a Taj voucher worth ₹12,000, which can be availed on card activation.
(Source: HSBC India)
Key benefits and offers:
Travel
HSBC Premier Card offers a forex mark-up of 0.99% across all geographies.
It offers unlimited domestic and international lounge access as well and users can get eight free lounge visits per year.
For every reward point, users can earn one air mile across 20-plus airlines through Star Alliance, including Air India. For example,1 reward point is equivalent to 1 air mile.
Lifestyle
For dining, users can get a complimentary annual membership to EazyDiner and can avail of additional instant discounts on restaurants.
For entertainment, users can get movie and event offers from BookMyShow—buy one ticket and get one ticket free.
Reward points
Users can get the reward programme, and earn 3 reward points for every ₹100 spent.
Reward points are evergreen with no expiry date.
For the HSBC Premier Credit Card, the joining fee is ₹12,000. The annual fee for the HSBC Premier Credit Card is ₹20,000 and will be waived only if the customer is a qualified premier customer of the bank.
HSBC Cashback Credit Card
The enhanced HSBC Cashback Credit Card offers 10% cashback on dining, food delivery and grocery. The refreshed HSBC Cashback Credit Card holders can also earn unlimited 1.5% cashback on other spends.
(Source: HSBC India)
The cashback credit card offers four complimentary domestic airport lounge access visits per year (one per quarter). Besides these benefits, as an introductory offer, the cardholder will get an Amazon voucher worth ₹1,000 on a minimum transaction of ₹10,000 within the first 30 days of the activation of the credit card.
HSBC Cashback Credit Card Spends | |||
Orders | Spends (in ₹) | Cashback (in%) | Cashback (in ₹) |
Grocery | 4,000 | 10 | 400 |
Dining | 3,500 | 10 | 350 |
Food delivery | 2,000 | 10 | 200 |
Coffee | 500 | 10 | 50 |
Travel/Flights | 6,000 | 1.5 | 90 |
Pharmacy/Medicine | 1,000 | 1.5 | 15 |
Online shopping | 4,000 | 1.5 | 60 |
Utilities | 3,000 | 1.5 | 45 |
Fashion/Clothing | 4.000 | 1.5 | 60 |
Fuel | 2.000 | 0 | 0 |
Total | 30,000 | 1270 | |
Effective cashback | 4.20%* |
(*The effective cashback will vary based on total spends
The table is only for illustration purposes)
The joining fee of the card is ₹999 for new customers. HSBC Cashback Credit Card users can get a renewal fee of ₹999 waived off on reaching a spending milestone of ₹2 lakh in a year. For the 10% cashback on categories such as dining, food delivery and grocery, the amount is capped at up to ₹1,000 per statement cycle.
(Edited by : Amrita)