Premier Mastercard
Annual Fee
₹20,000
Rewards/₹100 ⓘ
₹1.20 - ₹4.80
Interest Rate
41.88%
Credit Score
750+
At a Glance
Key Benefits
3% rewards, 0.99% forex, 1:1 airline transfers, Taj Epicure, 24 golf lessons
Lounge Access
Unlimited domestic + international via LoungeKey, 8 guest visits/year
Eligibility
HSBC Premier only: Rs.40L TRB or Rs.3L/month salary, Age: 21-65
Quick Details
Reward Structure
All Spends
Travel with Points
Reward Calculator
Milestone Benefits
20,000 reward points on first transaction
value
Taj Experiences Gift Card worth Rs.12,000
value
Airport Lounge Access
visits
visits
visits per year
+ 8 guest visits
Insurance Coverage
Air Accident
₹1,25,00,000
Ticket purchased with card
Travel
₹1,00,00,000
Emergency medical expenses
Lost Card
₹3,00,000
Lost card liability
Lifestyle Perks
Golf
24 /year
24 complimentary golf lessons
Dining
30% off with EazyDiner
Movies
BOGO on BookMyShow
Concierge
1
24/7 Mastercard concierge
Quick Analysis
Excellent premium card for HSBC Premier customers with best-in-class 0.99% forex markup, unlimited lounge access, and 3% rewards with 1:1 airline transfers.
Pros
- Extremely low 0.99% forex markup - best for intl
- Unlimited domestic and international lounge access
- High 3% base reward rate on all spends
- 1:1 transfer to 20+ airline/hotel programs
- Welcome benefits worth Rs.30,000+
- Premium metal card with Mastercard World benefits
- Complimentary Taj Epicure and EazyDiner Prime
- 24 golf lessons and premium course access
- 52 days interest-free period
Cons
- Exclusive to HSBC Premier customers only
- High fees: Rs.12K joining + Rs.20K annual
- Monthly cap on utility/tax/insurance rewards
- No spending-based fee waiver
- Point value lower than Infinia
- Limited transfer partners vs HDFC/Axis
Best For
HSBC Premier customers, frequent international travelers
Not Ideal For
Those without HSBC Premier relationship
Frequently Asked Questions
Who is eligible for HSBC Premier Mastercard?
What is the forex markup?
What are the welcome benefits?
User Reviews
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