HSBC Premier MasterCard Credit Card is a product of HSBC Bank which has been ranked one of the top 10 credit cards because of its features and benefits. HSBC Premier MasterCard Credit Card offers great rewards and helps you save a lot from your expenditure and lets you spend less. Refer to this article to know more about the fees and the step by step application process.
Best credit cards in India
Thinking to apply for HSBC Premier Mastercard Credit Card? Would you like to know the ins and outs of HSBC Premier Mastercard Credit card? Let's read. HSBC is Hongkong and Shanghai Banking Corporation, which has its headquarters at London offers a different variety of credit cards. HSBC Premier MasterCard credit card is one of them which has understood the needs of the customers and offers good services.
Why HSBC Premier MasterCard Credit Card?
HSBC Premier MasterCard credit card holder can enjoy various worthy privileges on shopping, travel, dining and much more. Get your HSBC Premier MasterCard credit card, crafted exclusively to complement your high spirited lifestyle. This card offers various benefits to its users which include zero annual and joining fees, good cash advance limit of up to 60% of the card limit. Refer this article to know more about the deals and discounts offered by HSBC Premier MasterCard credit card
|Cash Advance Fee||2.5% of the transaction or a minimum of Rs. 300|
|Free Credit Period||52 days|
|Due date of the payment from the statement date||22 days|
|Finance Charges||2.49% per month|
|Annual & Joining fees||Nil|
|Cash Advance Limit||Up to 60% of the card limit|
What are the Benefits of HSBC Premier MasterCard Credit Card?
HSBC Bank credit cards are very much in need for many individuals since it offers a number of benefits to its users. Many individuals prefer HSBC Bank credit cards for its unique features and wide range. HSBC Bank credit card offers many rewards and discounts on almost all of the transactions. Check out the key benefits of using HSBC Bank Premier MasterCard credit card.
Airmiles Rewards Programme.
You can have access to International airport lounge.
You can enjoy free valet parking at Dubai International Airport and other select VALTRANS locations in the UAE.
Enjoy Dining, hotels, and entertainment discounts.
Download HSBC Entertainer app with over 8,000 ‘Buy 1 Get 1 Free’ offers across 15 countries.
Get Cinema offers at VOX Cinema.
You will get 10% discount on Expedia hotel bookings along with 1-year free Expedia + gold membership.
Enjoy 7% discount with Agoda at over 180,000 hotels worldwide.
What are the Features of HSBC Premier MasterCard Credit Card?
HSBC offers various features to its premier MasterCard credit card holders to enhance their lifestyle. And, this card is exalted with lots of benefits to meet the needs of a shopaholic, fine-diner, and as well as a traveler. Below are some reasons to make the HSBC Premier MasterCard Credit card a great addition to your wallet.
Getting this card is absolutely free i.e (no joining or annual fee)
HSBC Premier MasterCard Credit Cardholders can avail augmented benefits through air miles conversion on both Jet Airways and Singapore Airlines.
This credit card holders can get access around 600 VIP Airport Lounges in all over India and across the country.
On purchase of movie tickets with the maximum benefit of Rs. 500 per month, the customers can also get 50% cashback on PVR cinema movie tickets.
Users will get movie ticket vouchers worth Rs. 1000 on spending Rs.75,000 in a calendar year.
In over 700 restaurants in major cities, the customers can experience pleasant dining with up to 15% off.
Discounted green fees and dedicated 24-hour golf concierge service will be provided to enjoy premium golf privileges. Golfers insurance and green fees will be complimentary.
This card allows the card bearer to experience 1% fuel surcharge waiver at any petrol pump at any place.
In case of a lost card, the customers can inform the bank and it will take action by blocking the card and offering a replacement the next day.
When the customer exceeds the assigned credit limit, an over-limit fee will be levied by the bank, at a prevailing rate, once every billing cycle.
The credit card will be not be invalidated if the credit cardholder exhausts the sanctioned credit limit. All transactions initiated by the user beyond the credit limit will be declined until the customer has no outstanding funds.
The monthly card statement will mention the credit limit and cash withdrawal limit. The cash withdrawal limit will mostly be 60% of credit limit or as decided by the bank
Periodic reviews of the account based on the credit cardholder’s payment patterns may be conducted by HSBC. The credit cardholder will be informed about the revised credit limit and the usage of the credit card will be held as acceptance of the credit limit granted.
Credit card holders can apply for a review of his assigned credit limit after six months. HSBC Bank as a result of a reasonable assessment of credit risks associated with credit card account or any information available against the customer leads to a reduction of the credit limit of such accounts without any prior notice to cardholders. HSBC Bank can also reduce credit limit whereas the minimum payment due has not been received by the payment due date.
The credit card holder can request for an increase in his credit limit if needed by declaring his financial document such as income certificate. If satisfied, the bank will acknowledge.
Fees and Charges
HSBC bank has its own fees and charges to be levied to its customers. All the charges mentioned are subject to change under various marketing programs. The customers will be informed about these changes in prior. The given table indicates the fees and charges of HSBC Premier MasterCard Credit Card.
|Services||Service Charges/ Fees|
|Credit Card replacement fee (within and outside India)||Rs. 100|
|Interest Charges||2.49% per month (29.8% extended credit per annum) computed from the date of the transaction|
|Late Payment Charges||50% of minimum payment due subject to a minimum of Rs. 400 and maximum of Rs. 750 per month|
|Transaction fee for cash advances||2.5% of the transaction (subject to a minimum of Rs. 300)|
|Overlimit fee||Rs. 500 per month|
|Currency conversion charges for foreign currency transactions||3.5%|
How to Apply for HSBC Premier MasterCard Credit Card?
HSBC credit card can be applied by the customers by visiting their official website or contacting their 24x7 customer care service. There are 3 easy ways to apply for this credit card. Below mentioned are the ways and steps to be followed to apply for HSBC Premier Credit card,
- Step 1: Log on to the official website of HSBC and then click on “Personal Banking”.
- Step 2: From the ‘Personal Banking’ section, select the option ‘Credit Cards’.
- Step 3: Click on the ‘Apply Now’ tab on any of the cards that you want to apply for.
- Step 4: Fill the basic personal information in the required fields.
- Step 5: Fill the entire form and submit it.
After the form submitted customer will get a call from one of the credit card representatives of HSBC who will guide you through the process.
2. Apply Offline
Download the HSBC Credit Card Application form, fill the required fields and submit at the nearest HSBC branch along with the required documents. You can also visit the nearest branch and communicate your need to one of the representatives who will guide you through the entire process of applying for a credit card.
3. Apply through SMS
If you want to apply for HSBC Credit Card, send an SMS and one of their representatives will call and guide you through the entire application process. The SMS that you have to send is “NEW CARD to 575750”.
Eligibility and Documentation Requirements
Following are the eligibility and documentation requirements which have to be met by the customers before applying for HSBC Premier MasterCard Credit Card
The customers should be eligible to own the desired credit card. So the bank will ask the customers to prove that they are eligible to pay their credit card bill before the due date. The following are the eligibility factors to own HSBC Premier MasterCard Credit Card.
All applicants must be 21 years old and should have a minimum income of Rs 5,00,000 per year.
Premier Banking customers in India are offered HSBC Premier MasterCard credit cards based on their Total Relationship Balance (TRB)
Specific criteria of Rs. 25,00,000 for a quarter has to be maintained by a Premier Banking customer.
The TRB will be calculated based on the following factors -
The average balance held in HSBC savings or current account for one quarter.
The average balance held in an HSBC fixed deposit account for a quarter.
The market value of a customer’s investments or the net purchase value. (Quarterly).
Value of paid life insurance premium (Quarterly)
The market value of the demat holding held in the HSBC Depository account.
The balance maintained in accounts belonging to family members can also be considered to meet the TRB criteria.
The following documents must be submitted by the applicant before applying for this card. The bank demands these documents to check whether you are eligible enough to own the credit card.
Self-attested copies of the following have to be submitted,
Passport Size Photographs
ID Proof: Driving license/Aadhaar Card/PAN card
Address Proof: Ration Card/Gas bill/Driving license/Aadhar Card
The latest pay slip or Form 16 or Income Tax Returns
How to Pay my Bill?
The credit card bill will be generated at the end of the credit period. The bills may be sent to the customers via post or mail. The bill amount should be paid before the payment due date to avoid penalties.
Internet Banking: To pay online by log onto HSBC Personal Internet Banking.
HSBC Mobile Banking: You can pay when you are on the move by logging into HSBC Mobile Banking. (You have to be registered for Internet Banking to access Mobile Banking)
National Electronic Funds Transfer: You can make payment by mentioning the complete 16 digit HSBC credit card number towards your Credit Card account via NEFT with the IFSC code HSBC0400002
Billdesk: To pay HSBC Bank Credit Card bills online from any bank account through Bill Payment Service use the BillDesk facility, a third party website. Visit www.hsbc.co.in/billdesk for the terms and conditions of the payment services through BillDesk
VISA Money Transfer: To transfer money from your bank account to your HSBC VISA Credit Card online using VISA Money Transfer, you can contact your bank for more details on this payment option.
Standing Instructions: To issue standing instructions debit your HSBC savings/current account.
Electronic Clearing System: You can authorize HSBC to debit an account that you hold with any other bank.
Mail Cheque/ Draft: You can mail your cheque/draft to your nearest HSBC branch.
Phone Banking: You can make a PIN verified call and make your payment over the phone.
Through ATMs: Deposit cash or cheque at any HSBC ATM in India. You could also make an ATM Funds Transfer.
Over the Counter: You can pay your bill by cheque or cash at any of the nearest HSBC branches in India.
How to Track your HSBC Credit Card application?
The credit card application status can be checked online just by a single click. If you have applied for any HSBC credit card and want to check the status of the application, then follow the below mentioned steps.
Step 1: Visit the official website of HSBC i.e www.hsbc.co.in
Step 2: The website displays all the types of HSBC credit cards and all services provided by HSBC bank. Click on the “Credit Cards” tab.
Step 3: In the credit cards tab, click on the credit card application tracker or use this direct link https://www.apps.asiapacific.hsbc.com/1/2/sgh2/sgh2_cctrackeruat_en?WABFormEntryCommand=cmd_init
Step 4: Enter the details and click on “Submit”. You will now be able to view the status of your application as approved, rejected or dispatched etc.
The above-mentioned steps will help you to easily to check your HSBC Credit Card status online.
You can also do this by sending an email to the HSBC customer service from your registered email ID. Communicate your need by providing the application number and your registered mobile number. The HSBC customer service team will get in touch with you at the earliest and you can solve your queries.
If you experience any problem in tracking the status of your application, you can call the customer care service number and the concerned representative will solve your query. The HSBC Bank’s customer care number is 1800 103 4722.
Ways to Check your HSBC Premier Credit Card Balance
To know your credit card balance, you need to register for mobile banking. Or you can also check your balance through internet banking. Log on to your internet banking account and go to accounts summary. You will be able to view the summary along with the remaining balance in your credit card account.
How to Register for Mobile Banking?
You need to have an active Internet banking account to register for Mobile Banking. You must have logged on to Internet banking at least once since registration. First, log on to your internet banking account and subscribe to Mobile Banking. Then enter your mobile number and your country of residence. Now select a nickname for your account and accept the terms and conditions.
You may check your account balance and history of account transactions instantly after registering for mobile banking by sending an SMS to 9611124722 in the following format:
Balance inquiry - Balance >space< ‘Account Nickname’
Mini Statement - Mini >space< ‘Account Nickname’
HSBC Bank Credit Card Customer Care Number
HSBC credit card customer care: 1860 108 7788 or 1860 500 2277
HSBC corporate credit card customer care: 1800 419 2266 or 1800 102 6922
HSBC Premier credit card customer care: 1800 266 3456 or 1800 103 4722
HSBC Advance credit card customer care: 1800 267 3456 or 1800 102 2208
HSBC customer care Toll-free number for business banking: 1800 103 2666 or 1800 419 2288 or 1800 103 2667
Customers who are not comfortable with calling can also resolve their queries by sending a mail. Customers will have to email their complaints, grievances, feedbacks to [email protected] The bank recommends that you use your registered email ID and send emails through your online banking account.
If customers have any complaints or issues unresolved, then they can also contact the further authorities for getting a better solution. HSBC nodal officers can be reached by HSBC customers by sending emails to them or by calling them
Customer Care Centre
The Hongkong and Shanghai Banking Corporation Limited
Rajalakshmi, No 5 & 7
Chennai - 600086
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