I am little confused about how the reward structure of hsbc premier works?
you can earn 2 reward points per INR 100 spent on domestic transactions, 3 reward points per INR 100 spent on international transactions, No reward points on fuel, wallet load and cash withdrawals.
Earning Reward Points:
Standard Rate: 2 reward points for every ₹100 spent on eligible purchases.
Redeeming Reward Points:
Air Miles Conversion: You can convert your reward points into air miles with partner airlines such as Air India, Etihad Airways, British Airways, and Singapore Airlines. The conversion rate is typically 1 reward point = 1 air mile.
E-Gift Vouchers: You can also redeem points for e-gift vouchers across various categories, including fashion, electronics, and dining.
You are also allowed to accumulate and redeem your reward points earned with the HSBC Premier Credit card, effective from 25th January, 2023.
till what period of time can we earn the reward points from HSBC Premier Credit Card and do these points have an expiration timeline?
As of February 2025, HSBC Premier Credit Card reward points do not expire, allowing you to accumulate them over time without concern for expiration.
However, starting April 1, 2025, HSBC is transitioning to a new rewards platform, and there may be changes to the rewards program. It’s advisable to review the updated terms and conditions on HSBC’s official website or contact their customer service for the most current information regarding reward point validity and redemption policies.