HSBC Premier Mastercard Credit Card Review

 HSBC Premier Mastercard Credit Card Credit Card is designed for those people who want premium features and privileged life. This card comes with a number of premium features. is has some of the most amazing features like zero joining fee, lounge access, fuel surcharge waiver, protection against online frauds, and liability on the lost card. Truly this card is made to give delight.

  • Eligibility criteria –
  • Nationality – Indian
  • Age – 21 or more.
  • Occupation –
  • Income – ₹ 5,00,000 per year.
  • TRB – You have to maintain a specific TRB of ‘Total Relationship Balance’. In this case, it is ₹ 25,00,000 for a quarter. Bank calculates the TRB with the following factors –
  • The average balance in your HSBC ‘savings’ and ‘fixed deposit’ account
  • The market value of your investments.
  • The demat value oof HSBC depository account etc.
  • Documents Required –
  • Self-attested copy of – passport size photo, photo id, proof of address, salary slip, or latest form 16.
  • Identity proof –
  • Voter card
  • Passport
  • NREGA card
  • Address proof –
  • Driving license.
  • Aadhar card.
  • Gas, electricity, or water bill.
  • Agreement of rental or lease.
  • Government employee card.
  • Domicile certificate.
  • Fees –
  • Joining fee + Annual fee – none
  • Cash advance fee – 5% against the transacted amount.
  • Over limit fee – ₹ 500 (monthly)
  • Benefits –
  • Welcome offer – as a welcome HSBC offers a ₹ 7500 amazon voucher on purchase of ₹ 1000 within 2 months of the issuance.
  • Relationship manager – on the issuance of the card HSBC provides you a personal relationship manager. So that you can take good advice on financial planning and your investments. You will also have the supports of an experienced team of ‘wealth management specialists’.
  • Preferential access – cardholders now can enjoy preferential access with huge benefits.
  • Lounge access – now you can enjoy VIP access at over 600 Indian airport lounges. You will also receive a $ 99 membership to the priority pass program. Also, you will also enjoy MasterCard lounge access in and outside of India.
  • Golf – with this card you will have access to all the premium gulf courses in India and over 2000 golf courses in the world.
  • Entertainment – now get up to 50% cash-back at ‘PVR Cinemas’. Just pay with your HSBC Premier MasterCard and you can enjoy up to ₹ 500 cashback on ticket booking.
  • Lifestyle – HSBC offered their customers a handsome number of reward points on top brands like – Croma, Bose, Apple, MakeMyTrip, jimmy choo, etc. also they offer huge discounts for premier cardholders.
  • Shopping – now shop anywhere at any merchant outlet or any designer boutiques and you can win discounts and gift cards.
  • Travel – you can win great offers and discounts on travel packages and a number of hotels, cruise, and travel deals with this card.
  • Health products – this card is best for offering their customers unique offers on beauty and health products.
  • Fuel surcharge weaver – now enjoy 2.5% of surcharge weaver at any fuel station in India (on purchases between 400 – 4000)
  • Card loss liability – HSBC covers their customers against lost cards, in case of lost cards you are covered with up-to ₹ 3,00,000. Also, HSBC covers you against frauds, like card misuse with Rs 3,00,000. (complaint must be lodged within 15 days). These insurances are provided by TATA AIG general insurance company limited.
  • Reward program – you can now earn easy reward points. You will get 2 reward points for every 100 rupees spent with this card.
  • Insurance – with this card you have covered with up-to ₹ 1 crore in case of any air accident.
  • Charges –
  • Finance charge – 49% monthly.
  • Cash advance – 5% against the amount (min ₹ 300).
  • Charges on Over limit amount – Rs 500 monthly.
  • Late payment – from 400 to 750(monthly).
  • Foreign currency conversion – 3.5%
  • Other benefits –
  • Balance transfer on EMI – Now transfer your due bills of another card to your ‘HSBC Premier Mastercard Credit Card’ with a 0% interest (for the first 3 months) and pay your installments at a low rate of interest.
  • Online banking – wit this card you can now control your bank account from home. HSBC also sends bills to the registered email address. So you don’t need to go to the bank anymore.
  • Loan on Phone – With HSBC phone banking service you can transform any bill ( min 2000) into small easy installments, within 15 days of the purchase.
  • Worldwide acceptance – The card is accepted worldwide you can transact from almost any corner of the earth with this card.

 

Also, this card is decorated with a number of other offers and all the basic credit card features.

  • Customer care number –

India – 1800-267-3456 or 1800-121-2208

Overseas – +91-40-61268002 or +91-80-71898002

  • Final verdict –

If you are looking for a premier card for free then this card would be your first choice. It comes with a lot of crazy features like cashback offers, card loss liability, air accidental coverage, and especially the relationship manager offer. So if you have the eligibility then you must go for it as it brings the best possible offer for its customers.

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