HSBC Premier CC Criteria

[yoloof]

Does everyone who holds an HSBC premier bank account qualify for the premier CC? Or there's a hidden salary/income criteria?

I can get HSBC premier bank account via the demat criteria but don't meet the salary requirement for the bank account. Will that also disqualify me for the CC as well?

 

[Ra.One]

Can mutual funds in demat form, be transferred to HSBC demat account for consideration of TRV?

 

[TheScientist]

Can mutual funds in demat form, be transferred to HSBC demat account for consideration of TRV?

Only stocks are considered

 

[sai123]

Does everyone who holds an HSBC premier bank account qualify for the premier CC? Or there's a hidden salary/income criteria?

I can get HSBC premier bank account via the demat criteria but don't meet the salary requirement for the bank account. Will that also disqualify me for the CC as well?

0 salary requirement they will give it as long as ya maintain the relationship but the limit would be low

 

[Ra.One]

0 salary requirement they will give it as long as ya maintain the relationship but the limit would be low

low limit as in 3-5 L to hogi na?

 

[sanarora]

low limit as in 3-5 L to hogi na?

someone i cam across on twitter got a limit of 60,000 too. So no guarantee on the limit.

 

[percolate]

someone i cam across on twitter got a limit of 60,000 too. So no guarantee on the limit.

when I first opened Premier credit card, I got 60K limit too.
Based on ITR, they increased the limit.
They can also increase the credit limit based on your TRB with them.

 

[Rajx99]

so having hsbc demat account means no online access to buy/sell shares?

I was planning to get it based on the demat holdings TRB criteria.

Also, I don't understand why other banks like HDFC icici axis etc. can't offer credit cards based on demat holdings with them just like HSBC does

 

[Ra.One]

so having hsbc demat account means no online access to buy/sell shares?

I was planning to get it based on the demat holdings TRB criteria.

Also, I don't understand why other banks like HDFC icici axis etc. can't offer credit cards based on demat holdings with them just like HSBC does

Khol lo bhai Premier, before HSBC has second thoughts over this criteria, and drips it from TRB criteria 😅

 

[Rajx99]

Khol lo bhai Premier, before HSBC has second thoughts over this criteria, and drips it from TRB criteria 😅

bhai dikkat yeh hai ki, what to do if i plan to sell some stocks and invest in someother stocks? I don't want to do buy/sell shares via branch, it has to be done online.

 

[Ra.One]

bhai dikkat yeh hai ki, what to do if i plan to sell some stocks and invest in someother stocks? I don't want to do buy/sell shares via branch, it has to be done online.

kya karna hai sell karke 😅
I have 40L stocks of nifty 200, which is the core of my PF, with a hold period of 5 years minimum. Nahin bechunga inhe 2030 tak.
Bass inke calls bechunga for 1% gain monthly. Kuch dividend aayega, + premium from calls= ~12% return saal ka. Stock pada rehne do, kya karna hai 🫠

 

[Rajx99]

kya karna hai sell karke 😅
I have 40L stocks of nifty 200, which is the core of my PF, with a hold period of 5 years minimum. Nahin bechunga inhe 2030 tak.
Bass inke calls bechunga for 1% gain monthly. Kuch dividend aayega, + premium from calls= ~12% return saal ka. Stock pada rehne do, kya karna hai 🫠

bhai still even though i dont plan to sell any stocks right now, but if i want to sell then i don't want to travel 15kms to branch just to do these transactions. Do u know any ways to buy/sell shares online from hsbc india demat?

 

[sai123]

someone i cam across on twitter got a limit of 60,000 too. So no guarantee on the limit.

lol I got 60K

 

[Rajx99]

lol I got 60K

Did u fulfill their criteria via demat TRB?

 

[sai123]

Did u fulfill their criteria via demat TRB?

I got the card with a 10 lakh initial funding as the mutual fund transfer was taking time, they said they will increase the limit based on TRV might take 6 months but unsure

 

[Rajx99]

I got the card with a 10 lakh initial funding as the mutual fund transfer was taking time, they said they will increase the limit based on TRV might take 6 months but unsure

Currently are u maintaining 10 lakhs or taken out already? Also how long have they given u time to transfer mutual funds to fulfill TRV

 

[sai123]

Currently are u maintaining 10 lakhs or taken out already? Also how long have they given u time to transfer mutual funds to fulfill TRV

I took it out right after card got approved as of now 20 lakhs is showing up the remaining is yet to be transferred. I think they give you quite a bit of time considering ive already done the transfer the rest is on them and Mutual fund houses.

 

[NikTravelEnthusiast]

Apart from Premier,is there a compulsion to have a salary account with them to get any other credit card?

 

[sai123]

Apart from Premier,is there a compulsion to have a salary account with them to get any other credit card?

don't think so should be able to apply through salary slip

 

[sai123]

Has anyone got access to the apple hsbc reward place through homeaway

 

[Boy 07]

Is HSBC card approval possible without salary slips only on
cibil basis ???