HSBC Premier World Mastercard vs SBI Card MILES PRIME Compared
Which credit card suits you? Side by side on the numbers that decide it. A blank means the provider has not published that figure, not that it is zero. Data last verified: 11 October 2026.
| Feature |  HSBC Premier World MastercardHSBC India5 recent changes → |  SBI Card MILES PRIMEState Bank of India4 recent changes → | |
|---|---|---|---|
| Rewards by spend | |||
| Rewards | 3% on most spends; 36% only at partner merchants | 0.5% base, up to 1% on travel | |
| UPI payments (scan and pay)same | Earns nothing | Earns nothing | |
| Online shopping | 3% | 0.5% | |
| Dining and food delivery | 3% | 0.5% | |
| Groceries | 3% | 0.5% | |
| Travel: flights, hotels, trains | 3%; 36% only at HSBC Travel with Points · hotels; 18% only at HSBC Travel with Points · flights | 1% | |
| Fuelsame | Earns nothing | Earns nothing | |
| Bills and recharges | 3% | Earns nothing | |
| Rent | 3% | Earns nothing | |
| Insurance premiums | 3% | Earns nothing | |
| School and college fees | 3% | Earns nothing | |
| Wallet top-ups | 3% | Earns nothing | |
| Taxes and government payments | 3% | Not stated | |
| Spend abroad or in a foreign currency | 3% | 0.5% | |
| Everything else | 3% | 0.5% | |
| Card identity | |||
| Card typesame | Travel | Travel | |
| Networksame | Mastercard | Mastercard | |
| Card tier | Super premium | Premium | |
| Fees | |||
| Joining fee | ₹12,000 + GST | ₹2,999 + GST | |
| Annual fee | ₹20,000 + GST | ₹2,999 + GST | |
| Fee waived at | - | ₹10,00,000 | |
| Eligibility | |||
| Min age | - | 21 years | |
| Max age | - | 70 years | |
| Employment type | - | BOTH | |
| Min monthly salary | ₹3,00,000 | - | |
| Rewards | |||
| Reward type | Reward points | Air miles | |
| Point valuesame | ₹1 | ₹1 | |
| Fuel surcharge | |||
| Fuel surcharge waiversame | Yes | Yes | |
| Fuel waiver cap | - | ₹250 | |
| Lounge access | |||
| Domestic lounge visits | - | 8 | |
| International lounge visits | - | 4 | |
| International lounge unlimited | Yes | No | |
| Lounge programme | MASTERCARD | PRIORITY_PASS | |
| Priority Pass | No | Yes | |
| Lounge condition | Unlimited LoungeKey international lounge access + Mastercard domestic lounges | 8 domestic airport lounge visits/year (max 2/quarter) plus Priority Pass with 4 international visits/year. 1 extra domestic visit per ₹1 lakh spend, capped at 12/year. Priority Pass free for first 2 years | |
| Forex and international | |||
| Forex markup | 0.99% | 2.5% | |
| Interest and charges | |||
| Interest rate (monthly) | 2.99% | 3.75% | |
| Interest rate (annual) | 35.88% | 45% | |
| Page content | |||
| Documents needed | - | PAN card Aadhaar / address proof Income proof (salary slips or ITR) Recent passport-size photograph | |
| Apply | Apply Now | Apply Now | |
Worth in Rupees at ₹20,000 a Month
- Rewards a year
- ₹7,200
- Fee a year
- - ₹23,600
- You keep
- - ₹16,400
- Rewards a year
- ₹1,500
- Fee a year
- - ₹3,539
- You keep
- - ₹2,039
At this spend, SBI Card MILES PRIME comes out ₹14,361 a year ahead of HSBC Premier World Mastercard. Worked out from each card's published reward rate, caps and fee, on ₹20,000 a month. Your own spend changes the answer: try the rewards calculator.
Best For
- Frequent flyers: unlimited airport lounge visits
- Spending abroad: 0.99% markup, most cards add 3.5%
- Frequent flyers
- People who spend heavily on travel
- Travellers who want Priority Pass access
Watch-Outs
- Skip it if you spend less than ₹66,000 a month: below that the ₹23,600 fee costs more than the rewards
- Skip it if most of your spending is fuel: those earn nothing on this card
- Skip it if you pay mostly by UPI: a Visa or Mastercard card cannot pay by UPI
- Skip it if you sometimes pay only the minimum due: interest of 2.99% a month (35.88% a year) outweighs any reward
- Fee waiver needs Rs 10 lakh a year, which most people will not reach
- Base return of about 0.5% is low
- Credits are worth the most only when redeemed for travel
Card data sourced via CardAdvisor.in (HSBC Premier World Mastercard, SBI Card MILES PRIME), India Credit Card Facts, CC BY 4.0, adapted by SkyloFin.
Questions People Ask
Which has the lower annual fee, HSBC Premier World Mastercard or SBI Card MILES PRIME?
SBI Card MILES PRIME. SBI Card MILES PRIME: ₹2,999; HSBC Premier World Mastercard: ₹20,000. Check whether a spend-based waiver applies before you decide.
Which is better for spending abroad?
HSBC Premier World Mastercard has the lowest forex markup. HSBC Premier World Mastercard: 0.99%; SBI Card MILES PRIME: 2.5%. The markup is charged on every foreign-currency transaction, before GST.
Which earns more on everyday spending?
On spends outside any bonus category: HSBC Premier World Mastercard 3%, SBI Card MILES PRIME 0.5%. Bonus categories, rates limited to named merchants and monthly caps change the picture, so compare the rewards by spend too.
Can I hold more than one of these cards?
Usually yes, if each bank approves you. Many people keep one card for everyday spending and another for a specific use such as travel. Each application is a separate credit check.
Work Out the Numbers
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