HSBC TravelOne Credit Card
The HSBC TravelOne Credit Card is a great option for frequent travelers, offering 4 Reward Points per ₹100 spent on travel, including flights and international purchases. It comes with a joining and annual fee of ₹4,999 + GST (₹5,898) and allows easy redemption of points at a 1:1 ratio with top airline and hotel partners like Air India, British Airways, Etihad, Qatar Airways, Accor, and Marriott. Cardholders also enjoy free airport lounge access, travel insurance, and special discounts on travel platforms like Yatra, EaseMyTrip, Cleartrip, and StayVista. However, international transactions have a 3.5% forex markup, which can impact the overall rewards.
Apart from travel, all other eligible expenses also earn 4 Reward Points per ₹100, with no limit on base rewards. The card includes a milestone bonus of 10,000 points after reaching certain spending goals. Competing with premium travel cards like Infinia and Magnus Burgundy, HSBC TravelOne offers a mix of travel, lifestyle, and entertainment benefits, making it a strong choice for those looking for flexible rewards and exclusive perks.
Rewards and Benefits
Fees & Charges
What should you consider before applying for a credit card in India?
Key Considerations Before Applying for a Credit Card in India:
- Eligibility Criteria: Ensure you meet the eligibility requirements, which typically include age, income, credit score, and employment status as defined by the issuing bank or financial institution.
- Credit Score: A strong credit score can significantly improve your chances of approval and result in more favorable terms, such as lower interest rates or higher credit limits. Verify that your credit score is healthy before applying.
- Interest Rates and Fees: Compare the annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction charges associated with various cards. These costs can vary widely and impact the overall value of the card.
- Rewards and Benefits: Evaluate the rewards, cashback, discounts, or other perks offered by the card to ensure they align with your spending patterns. Some cards may provide better benefits in specific categories, such as travel, shopping, or dining.
- Credit Limit: Review the credit limit offered by the card to ensure it meets your financial needs. Avoid applying for cards with excessive limits if you are concerned about managing debt, as this can lead to higher interest charges.
- Repayment Terms: Understand the repayment structure, including the minimum payment amount, payment due dates, and any associated penalties. Being clear about these terms can help you manage payments effectively and avoid interest buildup.
- Card Type and Features: Choose a card type that matches your specific needs—whether standard, premium, or specialized cards like those offering travel rewards or dining privileges. Ensure the features of the card align with your lifestyle and spending habits.
- Bank’s Reputation: Opt for a financial institution with a proven reputation for customer service and transparency. Consider researching customer reviews and assessing their support channels to ensure reliable service.
- Hidden Charges: Be aware of any hidden fees, including annual fees, balance transfer charges, foreign transaction fees, or cash withdrawal charges. These can add up over time and affect the overall cost-effectiveness of the card.
- Credit Utilization: Maintain a balance within your credit limit to avoid high credit utilization ratios, which can negatively impact your credit score. Responsible use of credit is essential for maintaining financial health.
- Long-Term Financial Plans: Consider how the credit card fits into your overall financial strategy. Avoid accumulating unnecessary debt and choose a card that supports your long-term financial goals without adding financial strain.
How do I activate my free EazyDiner Prime membership?
- Download and log in to the EazyDiner app.
- Choose the 3-month membership plan and click ‘Pay Now.’
- Enter the coupon code you received and complete the process.
What are the fees for the HSBC TravelOne Credit Card?
The card costs ₹4,999 + GST for joining and renewal.
Where is this card available?
You can apply if you live in cities like Chennai, Gurgaon, Delhi NCR, Pune, Noida, Hyderabad, Mumbai, Bangalore, Kochi, Coimbatore, Jaipur, Chandigarh, Ahmedabad, and Kolkata.
Which airlines accept Reward Points?
- You can convert points 1:1 for Air India, Air Canada, Air France–KLM, British Airways, Etihad, EVA Air, Hainan, Japan Airlines, Singapore Airlines, Qantas, Qatar Airways, Thai Airways, Turkish Airlines, United Airlines, and Vietnam Airlines.
- For AirAsia, 1 point = 3 miles.
Which hotels accept Reward Points?
You can convert Reward Points at a 1:1 ratio for Accor, IHG® Hotels & Resorts, Marriott, and Wyndham Hotels, while for Shangri-La, 5 points equal 1 hotel loyalty point.
How do I redeem my Reward Points?
- Log in to the HSBC India app and select your TravelOne card.
- Tap ‘View More’ and then ‘Redeem Points.’
- Select ‘Redeem Points Now’ to go to the Rewards Marketplace.
- Pick a category, enter the required details, and choose how many points to redeem.
- Agree to the terms and confirm your request.
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