I saw that this card is exclusive to Premier customers. Does that mean I have to open a Premier account, or is there another way to qualify
Yes, to qualify for the HSBC Premier Credit Card you need to have an HSBC Premier banking relationship. This typically involves maintaining a Total Relationship Balance of Rs 40,00,000 in India or having an HSBC Home Loan with an outstanding balance above a certain threshold. It’s best to check with HSBC directly for the most current eligibility criteria.
To get the HSBC Premier Credit Card in India, you typically need an HSBC Premier account, which requires a Total Relationship Balance of ₹40 lakh, a mortgage of ₹1.15 crore+, or a ₹3 lakh monthly salary under their corporate program. If you don’t meet these, you can still get the card, but it comes with a ₹20,000 annual fee.
You must have an HSBC Premier banking relationship to be eligible. You have to fulfill few eligibilities criteria to qualify as an HSBC premier customer.
You should maintain a quarterly total relationship balance of Rs. 40 lakh or more and hold a corporate salary account with HSBC, with a net monthly salary credit of Rs. 3 lakh or more.
You must have a mortgage relationship with HSBC, with a total disbursal of Rs. 1.15 crore or more.
Joining fee: Rs. 12,000 (charge after card activation)
Annual Fee: Rs. 20,000