HSBC Premier Mastercard Credit Card

Apply for the best credit card of Hsbc Bank

Last updated:28-Dec-24 Writen by Narendra User Profile
HSBC Premier Mastercard Credit Card
  • Best suitable for: Shopping
  • Joining Fee: ₹ Lifetime Free + GST
  • Annual Fee: ₹ Lifetime Free + GST
  • Welcome Benefits: NA
Hsbc Premier Mastercard Credit Card

HSBC Premier Mastercard Credit Card: Fees & Charges

Type of fee or charge Amount (Rs.)
Joining Fee:₹ Lifetime Free
Annual/Renewal Fee:₹ Lifetime Free
Finance Charges:3.49% per month (41.88% per annum)
Spend Based Waiver:Lifetime Free
Over Limit Penalty:500 per instance
Rent Payment charges1% Processing fee transaction amount
Forex Charges:3.49% of the transaction value
Minimum Repayment Amount:1% of Total outstanding (Min. Rs. 200) + All charges/fees/taxes + EMI
Cheque Return Fees:500/- per returned cheque
Late Payment Charges:Subject to a minimum of 250 and a maximum of 1,200 per month

HSBC Premier Mastercard Credit Card: Eligibility & Documentation

Eligibility:-
Age Requirement: Applicants should be between 21 and 65 years old.
HSBC Premier Customer: You must be an existing HSBC Premier customer.
Total Relationship Balance (TRB): Maintain a quarterly TRB of ₹40,00,000. This includes balances in savings accounts, fixed deposits, and investments. If you do not meet the TRB or mortgage criteria, an annual fee of ₹20,000 applies.
HSBC Premier salary criterion: Maintain a salary account with a net monthly salary credit of 300,000 (Rupees three lakh only)
The applicant must be an Indian citizen and valid address proof

Documentation:- 1. Aadhaar card, Passport, PAN card as your Identity proof
2. Any Utility bill, Passport, or Voter ID as your address proof
3. Salary slips, bank statements, or IT returns as your income proof

HSBC Premier Mastercard Credit Card: Cash Advance and Charges

Cash Advance or Withdrwan Fee: 2.5% (Min. INR 500) of the cash amount
Cash Advance Withdrwan Limit: As communicated in your credit monthly card statement
Cash Payment at Bank Branch: Rs. 100/- for every Cash payment

HSBC Premier Mastercard Credit Card: Customer care and helpline

Customer care : 18002673456 and 18001212208
Email Address : [email protected]
Mailing Address: Plot No 52/60, Mahatma Gandhi Road, Fort, Mumbai - 400001

Add-on Card facility: NIL

Card replacement fee: Rs 100 + GST

Rewards Redemption Fee: Free

Domestic lounge:

International Lounge:

Fuel Surcharge:The 1% fuel surcharge waiver is restricted to INR250 each month

FAQ of HSBC Premier Mastercard Credit Card

Q1. What is the annual fee of HSBC Premier Mastercard Credit Card?
The HSBC Premier Mastercard Credit Card offers lifetime-free annual fees. The joining fee is also free for life!

Q2. What is the interest rate on the HSBC Premier Mastercard Credit Card?
The HSBC Premier Mastercard Credit Card has an interest rate of 3.49% per month (41.88% per annum)

Q3. Are there foreign transaction fees on the HSBC Premier Mastercard Credit Card?
Yes, The HSBC Premier Mastercard Credit Card charges a 3.49% fee for all transactions in foreign currency .

Q4. What is the credit limit of HSBC Premier Mastercard Credit Card?
The credit limit for the HSBC Premier Mastercard Credit Card is based on multiple factors, such as your income, repaying capacity, and credit history. Hsbc Bank does not specify a fixed credit limit for this card. It will communicate to you time of issuance of card. Hsbc Bank offer Pre-approved Credit Limit to existing card holder. So if you are eligible by few step you can increase your credit limit.

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