HSBC India
HSBC Premier World Mastercard
Data last verified: 24 October 2026
- Joining fee₹12,000 + GST
- Annual fee₹20,000 + GST
- Reward rate3% on most spends; 36% only at partner merchants
Takes you straight to the application. We earn a commission if you are approved, and you pay nothing extra.
- Joining fee₹12,000 + GST
- Annual fee₹20,000 + GST
- Forex markup0.99%
- Interest (APR)2.99% a month, 35.88% a year
01HSBC Premier World Mastercard Rewards and Benefits
02HSBC Premier World Mastercard Annual Fee and Charges
- Joining fee
- ₹12,000 + GST
- Annual fee
- ₹20,000 + GST
- Spend-based waiver
- None
- Rewards redemption fee
- Nil
- Forex markup
- 0.99%
- Interest rate
- 2.99% a month (35.88% a year)
- Fuel surcharge waiver
- Yes
- Card replacement
- Not published
03What It's Worth, in Rupees
If you spend ₹20,000 a month on this card:
- ₹20,000 on everything else, earning 3%₹600
- Back each month, ₹7,200 a year₹600
- Annual fee with 18% GST−₹23,600
- It costs you each year₹16,400
Worked out from this card's reward rates, caps and fee in our data; a rate limited to named merchants is not counted here. Your own spending will differ: see what this card is worth at your spend.
Good for
- Frequent flyers: unlimited airport lounge visits
- Spending abroad: 0.99% markup, most cards add 3.5%
Skip it if…
- you spend less than ₹66,000 a month: below that the ₹23,600 fee costs more than the rewards
- most of your spending is fuel: those earn nothing on this card
- you pay mostly by UPI: a Visa or Mastercard card cannot pay by UPI
- you sometimes pay only the minimum due: interest of 2.99% a month (35.88% a year) outweighs any reward
04How HSBC Premier World Mastercard earns Rewards
3% on most spends; 36% only at partner merchants.
| Spend category | Rate | Monthly cap | Where it applies |
|---|---|---|---|
| UPI payments (scan and pay) | Earns nothing | - | a Visa or Mastercard card cannot pay by UPI |
| Online shopping | 3% | No cap | The card's normal rate |
| Dining and food delivery | 3% | No cap | The card's normal rate |
| Groceries | 3% | No cap | The card's normal rate |
| Travel: flights, hotels, trains | 3% | No cap | Anywhere else in the category |
| Travel: flights, hotels, trains, only at listed merchants | 36% | ₹18,000, shared with other bonus rates | Only at: HSBC Travel with Points · hotelsTerms: Hotels via HSBC's Travel with Points portal (Hopper) earn 12X, 36 pts/₹100, ~36% at ₹1/pt; cap 18,000 pts a month SHARED with flights (accelerated-points cap per cardholder per calendar month, verified against the HSBC Rewards T&C, archived 2026-08-07) |
| Travel: flights, hotels, trains, only at listed merchants | 18% | ₹18,000, shared with other bonus rates | Only at: HSBC Travel with Points · flightsTerms: Flights via HSBC's Travel with Points portal (Hopper) earn 6X, 18 pts/₹100, ~18% at ₹1/pt; cap 18,000 pts a month SHARED with hotels; ₹300 domestic/₹700 international fee per leg. Split, cap and fees verified against the HSBC Rewards T&C, archived 2026-08-07) |
| Fuel | Earns nothing | - | earns nothing on this card |
| Bills and recharges | 3% | ₹3,000, shared with other bonus rates | All merchants in the categoryTerms: From 1 Apr 2025 utilities earn 3 RP/₹100 only up to a cumulative ₹1,00,000 a month spend cap SHARED across 11 categories (utilities, insurance, education, government, e-wallets, rent, jewellery and more); encoded 3,000 pts a month per row, so combined over-credit is possible |
| Rent | 3% | ₹3,000, shared with other bonus rates | All merchants in the categoryTerms: From 1 Apr 2025 real-estate/rent payments earn 3 RP/₹100 only up to a cumulative ₹1,00,000 a month spend cap SHARED across 11 categories; encoded 3,000 pts a month per row, so combined over-credit is possible |
| Insurance premiums | 3% | ₹3,000, shared with other bonus rates | All merchants in the categoryTerms: From 1 Apr 2025 insurance earns 3 RP/₹100 only up to a cumulative ₹1,00,000 a month spend cap SHARED across 11 categories; encoded 3,000 pts a month per row, so combined over-credit is possible |
| School and college fees | 3% | ₹3,000, shared with other bonus rates | All merchants in the categoryTerms: From 1 Apr 2025 education earns 3 RP/₹100 only up to a cumulative ₹1,00,000 a month spend cap SHARED across 11 categories; encoded 3,000 pts a month per row, so combined over-credit is possible |
| Wallet top-ups | 3% | ₹3,000, shared with other bonus rates | All merchants in the categoryTerms: From 1 Apr 2025 e-wallet loads earn 3 RP/₹100 only up to a cumulative ₹1,00,000 a month spend cap SHARED across 11 categories; encoded 3,000 pts a month per row, so combined over-credit is possible |
| Taxes and government payments | 3% | ₹3,000, shared with other bonus rates | All merchants in the categoryTerms: From 1 Apr 2025 government and tax payments earn 3 RP/₹100 only up to a cumulative ₹1,00,000 a month spend cap SHARED across 11 categories; encoded 3,000 pts a month per row, so combined over-credit is possible |
| Spend abroad or in a foreign currency | 3% | No cap | The card's normal rate |
| Everything else | 3% | No cap | The card's normal rate |
Terms on the base rate. 3 reward points per ₹100 (~3% at HSBC's own ₹1/pt ceiling; 1:1 transfers such as Accor ALL can extract more); points never expire and transfer 1:1 to ~20 partners. From Apr 2025 eleven categories share a cumulative monthly cap; fuel earns nothing
05HSBC Premier World Mastercard Travel Benefits
Unlimited LoungeKey international lounge access + Mastercard domestic lounges. Spending abroad carries a 0.99% forex markup; rewards on it: 3% back (the normal rate). See what it costs on your trip
Also on the card. concierge service, fuel surcharge waiver, insurance cover, airport lounge access.
- Concierge service: 24/7 Premier Relationship Manager and global concierge service
- Fuel surcharge waiver: 1% fuel surcharge waiver on fuel transactions between ₹400 and ₹4,000 (per KFS); note that fuel spends earn no reward points on this card
- Insurance cover: Travel insurance, purchase protection, and air accident cover
06HSBC Premier World Mastercard Eligibility and Documents
- Minimum monthly income
- ₹3,00,000
07Recent Changes
What HSBC India changed on this card recently. The facts on this page already reflect them.
| Date | Change | Before | Now |
|---|---|---|---|
| 14 May 2025 | Changed: HSBC Rewards Marketplace adds 20 transfer partners at 1:1Source: HSBC India | Catalogue / voucher redemption, no transfer partners | 20 partners (15 airlines + 5 hotels), mostly 1:1 |
| 1 Apr 2025 | Reduced: Fuel dropped and category caps added to the 3X earnSource: HSBC India | 3 RP/₹100 on all spends, no exclusions | Fuel earns nothing; ~11 categories capped at ₹1,00,000 a month |
| 1 Apr 2025 | Changed: Redemption consolidated to the mobile appSource: HSBC India | PhoneBanking (IVR), online banking and website | HSBC India Mobile Banking app only, instant redemption |
| 2025 | Changed: Airport transfers, meet-and-greet and luxury access added | - | - |
| 2025 | Changed: Welcome bonus switched from Taj voucher to 20,000 Reward PointsSource: HSBC India | ₹12,000 Taj Hotels gift card | 20,000 Reward Points (transferable 1:1) |
See this card's change history → · All card changes in May 2025 →
08Cards Similar to HSBC Premier World Mastercard
HSBC Premier World Mastercard is a travel card. The two below are the closest on SkyloFin; open any of them, or put them side by side.
| Feature | HSBC Premier World Mastercard |  Federal Scapia Credit card |  IDFC FIRST Millennia Credit Card |
|---|---|---|---|
| Joining fee | ₹12,000 + GST | Lifetime free | Lifetime free |
| Annual fee | ₹20,000 + GST | Lifetime free | Lifetime free |
| Rewards | 3% on most spends; 36% only at partner merchants | 2% on most spends; 4% only at partner merchants | 0.38% base, up to 1.25% on dining |
| Domestic lounge | Not included | Unlimited | Not included |
| Forex markup | 0.99% | 0% | 0% |
| Type | Travel | Travel | Dining |
09Explore More
Card facts last verified 24 October 2026.
Card data sourced via CardAdvisor.in, India Credit Card Facts, CC BY 4.0, adapted by SkyloFin.
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Common Questions
What is the joining fee for the HSBC Premier World Mastercard?
The joining fee is ₹12,000 + GST. Check the bank's page before you apply, because fees change and promotional waivers come and go.
What is the annual fee for the HSBC Premier World Mastercard?
The annual fee is ₹20,000 + GST.
Does applying through SkyloFin cost more?
No. You pay the same fees you would pay applying directly with HSBC India. We earn a commission from the bank when someone applies through our link, and that is how the site is funded.
SkyloFin is not a bank and does not approve applications. Fees, rewards and eligibility rules are set by the provider and can change without notice. Always read the terms on the provider's site before you apply.
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