HSBC Premier Mastercard Credit Card Review

HSBC Premier MasterCard Credit Card is one of the best credit cards from HSBC Bank. this card is best for lifestyle and everyday uses. It offers benefits like reward benefit, lounge access, movie benefit, travel benefit, discount on dining bill, golf access, fuel surcharge waiver, lost card liability, balance transfer facility, and lots more. it is one of the most complete credit cards from HSBC.  

Eligibility Criteria:

  • Resident Type: Indian. 
  • For salaried person:
    • Age: 21 to 60 yrs. 
    • Income: ₹5,00,000 annually. 
  • For self-employed person:
    • Age: 21 to 65 yrs. 
    • Income: ₹5,00,000 annually. 
  • Good CIBIL Score (750 or more).
  • The applicant should maintain a total relationship balance of ₹25,00,000.

Required Documents:

  • Photocopy of ID Proof (any 1)
    • Aadhar card
    • Voter Card
    • Passport
    • PAN Card
  • Photocopy of Address proof (any 1) 
    • Last 6 months bank account Statement
    • Aadhar Card 
    • Driving License 
    • Passport
    • Utility bill
  • One recent passport-sized photographs
  • Proof of income statement:
    • Salaried Person (any 1)
      • Latest salary slip, (3 months) 
      • ITR
    • Self-employed person
      • Latest Income tax return. 
      • Proof of business
      • Recent audited financial report. 

Fee:

  • Joining Fee: None. 
  • Annual Fee: None. 

Benefits:

  • Welcome benefit:

If you can spend ₹1000 with your card within 60 days of the card issuance, you will get an Amazon gift voucher of ₹7500 as a welcome gift.

  • Reward benefit:

This card offers 2 reward points on each ₹100 spent with this card. You can redeem those reward points very easily against flight tickets. 

  • Lounge access:

This card gives you access to over 600 Indian airport lounges. You will also receive a $ 99 membership to the priority pass program. Also, you will enjoy MasterCard lounges access in and outside of India.

  • Movie benefit:

This car offers up to 50% off on PVR Cinemas, you can save a maximum of ₹500 in a month. 

  • Travel benefit:

You can win great offers and discounts on travel packages and several hotels, cruise, and travel deals with this card.

  • Dining benefit:

This card offers up to a 20% discount at some of the finest restaurants across the world. 

  • Golf access:

With this card, you will have access to all the premium gulf courses in India and over 2000 golf courses in the world.

  • Fuel surcharge waiver:

With this card you can enjoy a 2.5% waiver on fuel surcharge waiver, this offer is applicable at any fuel station in India, the transaction amount should be between ₹400 to ₹4000. 

  • Lost card liability coverage:

With this card you will get coverage of ₹3,00,000 against lost or stolen card, to avail the maximum benefit of the coverage you have to report the loss as soon as you notice it.  

  • Relationship manager:

With this card you will get your relationship manager, you can get financial advice from them.  

  • Lifestyle benefits:

You will get some exclusive benefits from some of the top fashion brands like Croma, Bose, Apple, MakeMyTrip, jimmy choo, etc. 

This card also offers some exclusive deals on beauty and health products.

  • Balance transfer:

You can transfer the balance of your other credit card to this card to get a lower rate of interest on your dues. 

  • Global Acceptance:

This card is accepted worldwide, you can use this card at any outlet or e-commerce site where the MasterCard Credit Cards are accepted. 

Charges:

  • Cash Withdrawal Charge: 2.5% against the amount, Min ₹300. 
  • Finance Charge: 2.49% monthly. 
  • Foreign currency transaction: 1.99% monthly. 

Contact Details:

Call: 1800-266-3456

        1800-120-4722

Mail: [email protected]

100xGain Ratings: 7.5/10

Final Opinion:

If you are looking for a complete credit card at a low cost then this card can be a very good option for you. This card offers free access to domestic and international lounges, a 50% discount on movie tickets, exclusive deals on hotel and travel, up to 20% discount on dining bills, access to some premium golf courses, etc. So if you are eligible then you must go for this card. 

But there are not many shopping benefits with this card, so if you want to earn benefits from shopping you can go for Axis Bank Neo Credit Card, and if you want to earn Cash-Back from your expenses then you can go for HSBC Cashback Credit Card.   

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