HSBC TravelOne Credit Card from HSBC India

HSBC TravelOne Credit Card review

HSBC India · Mastercard · points Official sources Checked 30 Oct 2026

At a glance

Annual fee: ₹4,999
Joining fee: ₹4,999
Fee waiver: ₹8,00,000 a year
Base return: 1% base
Point value: ₹0.5 per point
Domestic lounge: 6 domestic airport lounge visits per year (official page; footnote conditions not seen)
International lounge: 4 international lounge visits per year (LoungeKey)

Estimated net value a year

Profile	Net	% of spend
First card, light spender ₹15k a month	−₹3,403	-1.9%
Metro salaried ₹60k a month	₹1,361	0.2%
Family household ₹80k a month	₹2,489	0.3%
Frequent flyer ₹1.5L a month	₹25,280	1.4%
Online shopper ₹50k a month	₹641	0.1%
Rent-heavy ₹90k a month	−₹3,367	-0.3%

Fee maths: The ₹4,999 annual fee is waived at ₹8,00,000 a year of eligible spend, about ₹66,700 a month. Of our 6 profiles, 1 clear it; on first card, light spender, metro salaried, family household, online shopper, rent-heavy you would pay the fee, which is 67% to 313% (₹1,596 to ₹7,488) of what those profiles earn before the fee. On our 6 profiles it nets from −₹3,403 (first card, light spender) to ₹25,280 (frequent flyer), equal to −1.9% to 1.4% of spend across the profiles. Without a waiver, the metro salaried category mix earns back the fee from about ₹47,500 a month of total spend.

After fees and caps, best-case redemption. Use your own spend.

Our take: A premium travel card: ₹4,999 joining and annual fee, reversed if you spend more than ₹8 lakh a year (HSBC's multi-card MITC words this as spend on the primary card). It pays 4 points per ₹100 on airlines, travel aggregators and foreign-currency spends, sharing a 50,000-point monthly cap before reverting to 2, and 2 points per ₹100 on other eligible spends. HSBC publishes no rupee value per point, so our ₹0.50 is an estimate (₹0.25 conservative). Fuel, rent, utilities, insurance and wallets earn nothing, rent carries a 1% fee, and 6 domestic and 4 international lounge visits a year are included.

From the card's terms: strengths

6 domestic lounge visits a year

Reward rates and caps

Spend category	Points per ₹100	Value per ₹100	Cap	Notes
Flights & hotels	4	₹2	50000 pts monthly	4 points per ₹100 on airlines and travel aggregators (MCC 3000-3299, 4511, 4111, 4131, 4722, 4723), capped at 50,000 points per month then reverts to 2 per ₹100 (official footnote). Hotels earn base 2.
International (foreign currency)	4	₹2	50000 pts monthly	4 points per ₹100 on foreign currency transactions; shares the 50,000 point monthly cap (official).
Fuel, Rent, Bills & utilities	0	₹0	No cap found	No points on fuel, rent (MCC 6513), utilities (4900), insurance, education/government, wallets, jewellery, financial institutions, tax (official list). Rent carries 1% processing fee.
Everything else, Amazon, Flipkart, Other online shopping, Groceries, Entertainment & OTT, Dining & food delivery	2	₹1	No cap found	2 points per ₹100 on all other eligible spend, no cap (official).

Point value: Points transfer 1:1 to most airline/hotel partners (some 2:1; Shangri-La 5:1); no official rupee value. ₹0.50 is an estimate; gift-card route value not stated.

Excluded or reduced

Fuel, utilities, rent, insurance, education and government, e-wallets, jewellery, financial institutions, money transfers, tax payments, bail and bond earn no points
Rent: 1% processing fee plus GST
Cap: 50,000 accelerated points per month (combined primary and add-on)

Spend milestones

Spend ₹12,00,000 a year: 10,000 bonus reward points on spending above ₹12 lakh a year (official) (about ₹5,000)
Spend ₹1,00,000 a year: 3,000 bonus points on ₹1 lakh spend within 90 days of card opening (new cards applied before 31 Dec 2026) (about ₹1,500)

Other benefits

Welcome: On ₹25,000 spend in first 30 days (via HSBC India app): ₹1,000 cashback, ₹3,000 PostCard voucher, 3 months EazyDiner Prime; ₹250 Amazon voucher on video-KYC application.
15% off flights/hotels at Yatra, EaseMyTrip, Paytm Travel, Cleartrip (promo codes)
4 golf rounds and 12 lessons a year
Purchase protection up to USD 20,000
Forex markup 3.5% (official MITC)

Eligibility

Salaried income ₹6 lakh/year, self-employed ₹12 lakh/year; age 18-65 salaried, 25-65 self-employed; select cities (official).

Compare

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FAQ

What is the annual fee of the HSBC TravelOne Credit Card?

₹4,999 a year, waived at ₹8,00,000 annual spend. Fees exclude 18% GST.

How do HSBC TravelOne Credit Card rewards work?

1% base, up to 2% on international (foreign currency). Points transfer 1:1 to most airline/hotel partners (some 2:1; Shangri-La 5:1); no official rupee value. ₹0.50 is an estimate; gift-card route value not stated.

Does the HSBC TravelOne Credit Card give airport lounge access?

Domestic: 6 domestic airport lounge visits per year (official page; footnote conditions not seen). International: 4 international lounge visits per year (LoungeKey).

Who is the HSBC TravelOne Credit Card best suited to?

A premium travel card: ₹4,999 joining and annual fee, reversed if you spend more than ₹8 lakh a year (HSBC's multi-card MITC words this as spend on the primary card). It pays 4 points per ₹100 on airlines, travel aggregators and foreign-currency spends, sharing a 50,000-point monthly cap before reverting to 2, and 2 points per ₹100 on other eligible spends. HSBC publishes no rupee value per point, so our ₹0.50 is an estimate (₹0.25 conservative). Fuel, rent, utilities, insurance and wallets earn nothing, rent carries a 1% fee, and 6 domestic and 4 international lounge visits a year are included. The ₹4,999 annual fee is waived at ₹8,00,000 a year of eligible spend, about ₹66,700 a month. Of our 6 profiles, 1 clear it; on first card, light spender, metro salaried, family household, online shopper, rent-heavy you would pay the fee, which is 67% to 313% (₹1,596 to ₹7,488) of what those profiles earn before the fee. On our 6 profiles it nets from −₹3,403 (first card, light spender) to ₹25,280 (frequent flyer), equal to −1.9% to 1.4% of spend across the profiles.