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Guide

How to Apply for the HSBC Premier Credit Card

Gautam Chauhan's profile photo Gautam Chauhan
3 min read
Reviewed by Rahul Godeshwar Last reviewed 13 October 2026 Data verified 13 October 2026
HSBCPremierPremiumLounge AccessRewards

The HSBC Premier Credit Card is a premium card for HSBC Premier banking customers. You earn 3 reward points per ₹100 on all retail spends, 1% fuel surcharge waiver, and 2 domestic plus 1 international lounge visit a year. A milestone voucher of ₹2,000 is added on ₹4 lakh yearly spend. The annual fee is ₹5,000, waived on ₹5 lakh yearly spend.

Why this matters

The HSBC Premier card earns 3 points per ₹100 on all categories. That is one of the highest flat earn rates among premium cards in India. The milestone voucher of ₹2,000 on ₹4 lakh spend adds real value on top.

Why this card

The HSBC Premier card is the most rewarding HSBC card in India. You need an HSBC Premier banking relationship to apply. If you already bank with HSBC and meet the ₹5 lakh minimum balance, this card is worth the annual fee.

How to Apply for the HSBC Premier Credit Card

Application details Total time: 15 min · Estimated cost: ₹5,000 + 18% GST (joining fee) · You’ll need: HSBC Premier banking account, PAN card, Aadhaar number, latest 3 months salary slips, last 6 months bank statements, Form 16.

  1. Become an HSBC Premier customer — The Premier Credit Card is open to HSBC Premier banking customers only. To qualify, you need a minimum quarterly balance of ₹5 lakh in savings, ₹10 lakh in FDs, or ₹25 lakh in investments with HSBC India.

  2. Check if you qualify — You must be 21–60 years old, an Indian resident, with a minimum monthly income of ₹1 lakh. A CIBIL score of 750 or more helps.

  3. Apply through HSBC NetBanking or a branch — Log in to HSBC NetBanking → Cards → Apply for Credit Card → Premier. The form is pre-filled with your Premier banking data. You can also visit an HSBC Premier branch and apply in person.

  4. Fill in your details — Enter your personal details, employment information, monthly income, and existing credit relationships.

  5. Complete Aadhaar eKYC — Submit your Aadhaar number and enter the OTP sent to your registered mobile. This verifies your identity and address electronically within 60 seconds.

  6. Upload income documents — Upload the last 3 months salary slips, last 6 months bank statements, and Form 16. Self-employed applicants must upload 2 years ITR with computation and business proof.

  7. Submit and track — Submit the form and save the 12-digit application reference number. Track the status in HSBC NetBanking or the HSBC app. Approval takes 7–10 working days.

  8. Pay the joining fee and receive your card — Once approved, HSBC charges ₹5,000 + 18% GST as the joining fee. The card is delivered within 5 working days. Activate it via IVR, the HSBC app, or any HSBC ATM.

Common mistakes to avoid

  • Applying without HSBC Premier banking — Non-Premier customers cannot apply. The application will be declined at the pre-qualification stage.
  • Not registering with Dreamfolks — The 2 domestic plus 1 international lounge visits are via Dreamfolks. You must register the card on the Dreamfolks portal before your first visit.

Pro tips

  • Build your HSBC relationship first — Park at least ₹5 lakh in your HSBC account for a quarter before applying.
  • Use the card for all retail spends — Maximise the 3X earn rate by routing all spending through the Premier card.
  • Register on Dreamfolks before your first trip — International lounge access requires prior registration on the Dreamfolks portal.
  • Plan to spend ₹5 lakh to waive the annual fee — Track your annual spend in the HSBC app to make sure you hit the waiver threshold.

Frequently asked questions

What is the annual fee on HSBC Premier?

₹5,000 + 18% GST. It is waived on ₹5 lakh spends in the previous 12 months.

Can I apply without HSBC Premier banking?

No. The Premier Credit Card is restricted to HSBC Premier banking customers only.

How many lounge visits are included?

2 domestic plus 1 international lounge visit per year. Both are via Dreamfolks. You must register on Dreamfolks before your first visit.

Disclosure: FinWiz24 may earn a commission when you apply through links on this page. This does not influence our editorial independence — every card is scored against the same rubric.

Sources

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