HSBC Premier World Mastercard vs SBI Flipkart Credit Card 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 Flipkart Credit CardState Bank of India2 recent changes → | |
|---|---|---|---|
| Rewards by spend | |||
| Rewards | 3% on most spends; 36% only at partner merchants | 1% on most spends; 7.5% only at partner merchants | |
| UPI payments (scan and pay)same | Earns nothing | Earns nothing | |
| Online shopping | 3% | 1%; 7.5% only at Myntra; 5% only at Flipkart, Shopsy & Flipkart Travel | |
| Dining and food delivery | 3% | 1% | |
| Groceries | 3% | 1% | |
| Travel: flights, hotels, trains | 3%; 36% only at HSBC Travel with Points · hotels; 18% only at HSBC Travel with Points · flights | 1%; 5% only at Cleartrip | |
| Fuelsame | Earns nothing | Earns nothing | |
| Bills and recharges | 3% | 1% | |
| 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% | Earns nothing | |
| Spend abroad or in a foreign currency | 3% | 1% | |
| Everything else | 3% | 1% | |
| Card identity | |||
| Card type | Travel | Shopping | |
| Networksame | Mastercard | Mastercard | |
| Card tier | Super premium | Mid | |
| Fees | |||
| Joining fee | ₹12,000 + GST | ₹500 + GST | |
| Annual fee | ₹20,000 + GST | ₹500 + GST | |
| Fee waived at | - | ₹3,50,000 | |
| Eligibility | |||
| Employment type | - | BOTH | |
| Min monthly salary | ₹3,00,000 | - | |
| Rewards | |||
| Reward type | Reward points | Cashback | |
| Point valuesame | ₹1 | ₹1 | |
| Fuel surcharge | |||
| Fuel surcharge waiversame | Yes | Yes | |
| Lounge access | |||
| International lounge unlimited | Yes | No | |
| Lounge programme | MASTERCARD | - | |
| Lounge condition | Unlimited LoungeKey international lounge access + Mastercard domestic lounges | - | |
| Forex and international | |||
| Forex markup | 0.99% | 3.5% | |
| Interest and charges | |||
| Interest rate (monthly) | 2.99% | - | |
| Interest rate (annual) | 35.88% | - | |
| Page content | |||
| Documents needed | - | PAN card Aadhaar / valid address proof Income proof, salary slips (salaried) or ITR (self-employed) 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
- ₹2,400
- Fee a year
- - ₹590
- You keep
- ₹1,810
At this spend, SBI Flipkart Credit Card comes out ₹18,210 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%
- Regular Flipkart shoppers
- Myntra fashion buyers
- Cleartrip travel bookers
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
- Each boosted category has a monthly cap
- Only 1% outside partner brands
- High ₹3,50,000 waiver target
- No lounge access
Card data sourced via CardAdvisor.in (HSBC Premier World Mastercard, SBI Flipkart Credit Card), 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 Flipkart Credit Card?
SBI Flipkart Credit Card. SBI Flipkart Credit Card: ₹500; 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 Flipkart Credit Card: 3.5%. 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 Flipkart Credit Card 1%. 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
Other Comparisons
- HSBC Premier World Mastercard vs Federal Scapia Credit cardSide by side →
- HSBC Premier World Mastercard vs IDFC FIRST Millennia Credit CardSide by side →
- HSBC Premier World Mastercard vs SBI Card MILES PRIMESide by side →
- SBI Flipkart Credit Card vs HSBC Live Plus Credit CardSide by side →
- SBI Flipkart Credit Card vs SBI Cashback Credit CardSide by side →
- SBI Flipkart Credit Card vs YES BANK POP-CLUB Credit CardSide by side →
We earn a commission if you are approved, and you pay nothing extra. How we make money.
Guides in Plain Words
Short reads that explain how it works before you decide.
Credit CardsTata Neu HDFC Credit Card: Claim Your NeuCoins from 25 November 2026From 25 November 2026, NeuCoins earned on a Tata Neu HDFC Bank credit card no longer reach your Tata Neu account by themselves. You claim them in the Tata Neu App within 12 months, or they expire. Here is what changes, how to claim, and the dates that matter.Read the guide →- GuidesBest Credit Cards Under ₹500 a Year in India (2026)Credit cards with an annual fee of ₹500 or less (before GST) in 2026, ranked by the reward rate each bank states, with fee waivers.Read the guide →
GuidesNo-Cost EMI: What It Really Costs You, With a Worked ExampleNo-cost EMI is not a trick, but it is rarely free. Here is where the money goes: the discount you give up, the processing fee, and GST on the interest, worked out on a Rs 30,000 phone.Read the guide →
