HSBC Premier Credit Card gets an upgrade: From charges to benefits, all you need to know

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₹40 lakhs (account balance, FD, demat holdings, etc). - Possess a mortgage relationship with a disbursal of ₹1.15 crore or more with HSBC India. - Hold a corporate salary account through the HSBC Corporate Employee Program in India, with a net monthly salary credit of ₹3 lakhs or more.

If the eligibility criteria for the HSBC Premier program aren't met in a specific quarter, there's a quarterly service charge of 0.2% on the shortfall in the Total Relationship Balance (TRB). This charge is applicable up to a maximum of ₹2,000 + GST. It's important to consistently maintain the eligibility criteria, as failure to do so might lead the bank to reclassify the HSBC Premier account to an alternative offering.

Joining and Annual Fees - The HSBC Premier Credit Card carries a joining fee of ₹12,000 along with GST, payable upon card activation. Additionally, there's an annual fee and renewal charge of ₹20,000. However, this fee is waived for customers who qualify as Premier customers under the set criteria.

Foreign Currency Markup - Offers a competitive advantage with a lower markup fee of just 0.99% on transactions made in foreign currency. This is notably lower compared to many other cards that typically charge markup fees ranging from 2.5% to 3.5%. Interest Rates - A monthly interest rate of 2.49%, equivalent to an annual rate of 29.88%.

Welcome Benefit - The perks are impressive! Cardholders receive complimentary memberships to Taj Epicure and EazyDiner, offering exclusive privileges and dining experiences. Additionally, there are complimentary Taj gift vouchers worth ₹12,000, further enhancing the card's value with luxurious benefits. Reward Earning Rate - Cardholders earn 3 Reward Points for every ₹100 spent.