HSBC TravelOne Credit Card

HSBC India · Open to apply

A premium travel card from HSBC: 4 points per ₹100 on flights, travel booking sites and foreign-currency spends (up to 50,000 points a month), 2 points per ₹100 elsewhere, and instant 1:1 transfer of points to many airline and hotel programmes. ₹4,999 fee, waived at ₹8 lakh of yearly spend.

Annual fee
₹4,999 + GST a year
Joining fee
₹4,999 + GST
Fee waiver
Annual fee waived on ₹8,00,000 spend per card year
Base rate
All other spends, 2 points per ₹100: 2 HSBC reward points per ₹100 (about 4.24% at cash value)
Lounges
Domestic: 6 visits a calendar year; International: 4 visits a calendar year
Forex markup
3.5%
Data
From bank documents, checked 20 Oct 2026

Main earn rates

  • Flights, 4 points per ₹100: 4 HSBC reward points per ₹100 (about 8.48% at cash value)
  • Travel booking sites, 4 points per ₹100: 4 HSBC reward points per ₹100 (about 8.48% at cash value)
  • Foreign-currency spends, 4 points per ₹100: 4 HSBC reward points per ₹100 (about 8.48% at cash value)

Earns nothing on

  • No points on utilities, fuel, insurance, rent, education, government, wallets, cash, jewellery and EMI

Terms the calculator does not value

  • HSBC states no ₹ value per point for TravelOne's non-transfer routes (gift cards, merchandise, Travel with Points bookings): the rewards T&C calls point value "dynamic" and limits 1:1 Travel with Points redemption to Privé and Premier; the redemption FAQ gives ₹0.25 to ₹1.00 a point across all HSBC cards and categories. So no cash or voucher option is recorded, and the calculator falls back to the best partner transfer even in cash mode: Accor Live Limitless at 1:1, which the programme list values at ₹1.9 a point (KrisFlyer would be ₹1). Those are our programme estimates, not HSBC quotes; a gift-card redemption may be worth as little as ₹0.25.
  • Travel with Points (HSBC's Hopper-run booking portal in the app) pays TravelOne, base plus accelerated, 16 points per ₹100 on flights, 24 per ₹100 on hotels and 8 per ₹100 on car rentals, with accelerated points capped at 18,000 a calendar month and ₹300 (domestic) or ₹700 (international) convenience fee per flight leg. The table labels these 4X, 6X and 2X, which does not square with the card's 2-point base, so the figures are not modelled as an earn rule until the ambiguity is resolved.
  • Add-on cards earn additional points up to a cap whose figure is not given. Accelerated points post within 60 days of the month end.
  • The December 2025 service guide's terms section gives the accelerated cap as 50,000 points a calendar month and, two sentences later in the same clause, as 15,000. The rewards T&C (modified July 2026) and every other mention say 50,000, which is used here.
  • Airlines AirAsia (1 point = 3 miles), EVA Air, Hainan (2 points = 1 mile), JAL, Thai, Vietnam and Shangri-La Circle (5 points = 1 point) accept transfers but have no entry in the programme list, so they are not valued.
  • "Travel agencies" for the 4-point rate is matched to named booking sites (MakeMyTrip, Cleartrip, EaseMyTrip). Hotels and other travel earn 2 points unless booked through an agency MCC.

Sources

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