HSBC Premier Credit Card
3 points per ₹100 eligible spend; select Apple products can use a ₹1-per-point rate. The first-year joining fee is ₹12,000 plus taxes.
Try your spend →How this estimate works
First-year, Apple-product-only estimate for a qualified HSBC Premier customer. Issuer terms give 3 points per ₹100 of eligible settled spend, with unused spend carried forward; this single-month example conservatively floors to ₹100. HSBC says each Premier point is worth ₹1 on select Apple products through its Rewards Marketplace. That is conditional store purchasing value, not cash or a guaranteed statement credit; point value across the marketplace is dynamic and the available Apple products must meet your needs. The model omits welcome points, travel acceleration, dining, lounge and insurance benefits. Fuel MCCs earn no points. Utilities, insurance, tax, education/government, e-wallets and other restricted categories share a ₹1 lakh monthly eligible-spend limit, but this model only scores the utility chip within that cap; excluded or special payment-route chips have no projected value. HSBC lists a ₹12,000 joining fee paid on activation and a ₹20,000 annual renewal fee, waived for qualified Premier customers. The calculator deducts the first-year joining fee plus estimated GST, not a waived renewal fee. You must already have a qualified Premier banking relationship; maintaining its balance/salary/mortgage criteria may have an opportunity cost not modeled. This is not a general-purpose 3% cashback card.
Issuer terms
Premier product, eligibility and fees · Premier earn and Apple redemption · HSBC points programme and MCC restrictions
Terms checked 30 September 2026. Confirm current product selection and value in your HSBC app before redeeming.