HSBC TravelOne CC LAUNCHED! An Axis Atlas Competitor?

[harshgupta940]

HSBC TravelOne Credit Card



Fees

• Joining Fee - INR 4,999 + GST
• Annual Fee - INR 4,999 + GST (waiver at INR 8 Lakhs Annual Spends)

Welcome Benefits

• INR1,000 cashback
• INR3,000 PostCard voucher
• 3 months EazyDiner Prime Membership

(Spend 10k in first 30 days of Card Issuance to be eligible for the welcome benefits)

Additionally, get 3,000 bonus reward points when you spend INR100,000 in the first 90 days. All sales txns net of refunds will be considered for this Milestone.
(Only applicable to those who apply between 1 December 2024 to 31 December 2025)

Spend Based Benefit

• Earn 4 reward points for every INR 100 spent on flights, travel aggregators and in foreign currency (Capped at 50k RP/Calendar Month)
• Get 2 reward points for every INR100 spent on anything else, with no cap

Milestone Benefit
Earn 10,000 bonus reward points when you spend more than INR1,200,000 a year
All sales txns net of refunds will be considered for Milestone. No exclusions for Milestone Benefit.

Other Benefits

• Get 6 local and 4 international airport lounge visits every year.
• Enjoy 4 complimentary rounds of golf and 12 complimentary lessons per calendar year (max 1 per calendar month). Plus, get 50% off your green fees for additional rounds.
• 15% off at Yatra, EaseMyTrip, Paytm & ClearTrip on international and domestic flights and hotels
• 11% off at StayVista (max 2 bookings per card per year; max saving per booking INR3,000)
• Enjoy up to 10% off on events and dining through the Zomato app. Plus, get 2 for 1 movie tickets (max 2 times per month; max single ticket value INR200)
• Save 20% on duty-free shopping via the AdaniOne app or website (minimum order value INR8,000; once per card per year; max savings INR3,000).

Now coming to the most important of all Redemption Options -

Airlines

• Air India Maharaja Club, InterMiles, Aeroplan, Flying Blue, British Airways Executive Club, Etihad Guest, Infinity MileageLands, Hainan Airlines Fortune Wings Club, JAL Mileage Bank, Singapore Airlines Krisflyer, Qantas Frequent Flyer, Qatar Airways Privilege Club, Royal Orchid Plus, Turkish Airlines Miles&Smiles, United MileagePlus, Vietnam Airlines Lotusmiles - 1:1
• airasia rewards - 1:3

Hotel

• ALL – Accor Live Limitless, IHG One Rewards, Marriott Bonvoy, Wyndham Rewards - 1:1
• Shangri-La Circle - 5:1

Exclusions for Base RPs

• Utilities(4900)
• Non-Financial Institutions (6051)
• Jewelry(5094, 5944)
• Fuel(5541,5542, 5172,5983,5552)
• Financial Institutions (6012, 6011,6010)
• Tax Payments (9311)
• Money Transfer (4829)
• Insurance(5960,6300)
• Education & Government(9399,8211,8249,9211,8299,8241,9222,9405,8220, 8244,9402)
• Real Estate Agents and Managers(6513)
• E-Wallets(6540)
• Bail and Bond Payments(9223).

2X RP Eligible MCCs
Accelerated Reward Points i.e 4 RP for every INR 100 Spends, will be earned on the following categories : Airlines (3000 3069, 3071,3071, 3075-3079, 3081-3090,3094,3096,3103,3106,3110-3112,3115,3117,3118,3125 3127,3129-3133,3135-3138,3143-3146,3148,3151,3154,3156, 3159,3161,3164,3165,3167,3170-3172,3174-3178,3180-3188,3190-3193,3196,3197,3200,3203,3204,3206,3211-3223,3226,3228,3229, 3231, 3233-3236, 3238-3243,3245-3248,3251-3254, 3256,3259-3263, 3266, 3267, 3280, 3282, 3284-3287, 3292-3300,3302,4511) Travel Aggregators (4722,4723)

2X reward points will be posted within 60 days post the month end of the transaction


Some Calculations -

If we consider 1 RP = 1 ALL Accor Point and hence consider 1 RP = INR 1.8

2x reward points - 7.2%
Base Reward Points - 3.6%
Welcome Benefit Milestone - 5400 on 1,00,000 spend is 5.4% (No Exclusions)
Annual Milestone Benefit - 18000 on 12,00,000 spend is 1.5% (No Exclusions)

Now if you combine the Welcome Benefit Milestone & Annual Milestone then the first year Reward Rate in Accor Terms for all excluded spends also comes out to be - 23400 on 12,00,000 spends is 1.95% (Waiving the Annual Fees & without any exclusions)

But the joining fees need to be adjusted in all the above calculation and it depends on how you value 3k Postcard Hotel voucher & 3 Months Eazydiner Prime Membership as otherwise net of cashback the Joining Fees is INR 4898.82.

 

[sousnake]

just checked it
1. it does give 4 points on travel aggregators but atlas also gives 2 points which is effective 4 partner points - so no diff
2. milestone at 12L - 10k points on atlas at 7.5L we get 5k points which is effective 10k partener points - atlas better

Biggest thing could be exclusion list which should be small compared to atlas.
Also air asia 1:3 can work for domestic flights, not sure?

Also from what I understood for Shangri-La Circle - it is 5:1 means 5 reward points = 1 partner points.

 

[BVCBVC is verified member.]

HSBC TravelOne Credit Card

View attachment 81303

Fees

• Joining Fee - INR 4,999 + GST
• Annual Fee - INR 4,999 + GST (waiver at INR 8 Lakhs Annual Spends)

Welcome Benefits

• INR1,000 cashback
• INR3,000 PostCard voucher
• 3 months EazyDiner Prime Membership

Additionally, get 3,000 bonus reward points when you spend INR100,000 in the first 90 days.

Base Earn

• Earn 4 reward points for every INR 100 spent on flights, travel aggregators and in foreign currency (Capped at 50k RP/Month)
• Get 2 reward points for every INR100 spent on anything else, with no cap

Milestone Benefit

• Earn 10,000 bonus reward points when you spend more than INR1,200,000 a year

Now coming to the most important of all Redemption Options -

Airlines

• Air India Maharaja Club, InterMiles, Aeroplan, Flying Blue, British Airways Executive Club, Etihad Guest, Infinity MileageLands, Hainan Airlines Fortune Wings Club, JAL Mileage Bank, Singapore Airlines Krisflyer, Qantas Frequent Flyer, Qatar Airways Privilege Club, Royal Orchid Plus, Turkish Airlines Miles&Smiles, United MileagePlus, Vietnam Airlines Lotusmiles - 1:1
• airasia rewards - 1:3

Hotel

• ALL – Accor Live Limitless, IHG One Rewards, Marriott Bonvoy, Wyndham Rewards - 1:1
• Shangri-La Circle - 1:5

Good card to add if Axis devalues Atlas. Exclusions matters. Metal form would’ve been excellent.

 

[Umang85]

Attaching list of exclusions.

 

[Shubham330]

just checked it
1. it does give 4 points on travel aggregators but atlas also gives 2 points which is effective 4 partner points - so no diff

This one gives 4 on travel while Atlas gives 5 on travel edge which is equal to 10 travel partner points.

Both gives 2 as base but atlast covert it to 4 miles.

Spend milestone is also good on atlas.


So for now atlas is above this card. But who knows axis. King of devaluation.

 

[sachbs]

No cap is a lie. Check out the exclusions:

1. You earn no reward points on spending in the following categories: bail and bond payments (9223), education and government (9399, 8299, 8220, 8211, 8241, 8244, 8249, 9222, 9402, 9211, 9405), e-wallets (6540), financial institutions (6010-6012), fuel (5541, 5983, 5172, 5542, 5552), insurance (6300, 5960), jewellery (5944, 5094), money transfers (4829), non-financial institutions (6051), real estate agent and managers (6513), tax payments (9311), utilities (4900).

 

[BVCBVC is verified member.]

Attaching list of exclusions.

Insurance is major exclusion, others are fine.

 

[Umang85]

Insurance is major exclusion, others are fine.

Agreed. Love how they say "on anything else, with no cap" instead of "on valid spends, with no cap" 😅😅

 

[harshgupta940]

No cap is a lie. Check out the exclusions:

1. You earn no reward points on spending in the following categories: bail and bond payments (9223), education and government (9399, 8299, 8220, 8211, 8241, 8244, 8249, 9222, 9402, 9211, 9405), e-wallets (6540), financial institutions (6010-6012), fuel (5541, 5983, 5172, 5542, 5552), insurance (6300, 5960), jewellery (5944, 5094), money transfers (4829), non-financial institutions (6051), real estate agent and managers (6513), tax payments (9311), utilities (4900).

No Cap means unlike 2x category has cap of 50k rp the base reward category doesn't have reward earning cap. But then you have all these exclusions 😂

 

[tachniki]

Also air asia 1:3 can work for domestic flights

There is no more air asia for domestic. It is Air India Express.

 

[jk51]

HSBC TravelOne Credit Card

View attachment 81303

Fees

• Joining Fee - INR 4,999 + GST
• Annual Fee - INR 4,999 + GST (waiver at INR 8 Lakhs Annual Spends)

Welcome Benefits

• INR1,000 cashback
• INR3,000 PostCard voucher
• 3 months EazyDiner Prime Membership

Additionally, get 3,000 bonus reward points when you spend INR100,000 in the first 90 days.

Base Earn

• Earn 4 reward points for every INR 100 spent on flights, travel aggregators and in foreign currency (Capped at 50k RP/Month)
• Get 2 reward points for every INR100 spent on anything else, with no cap

Milestone Benefit

• Earn 10,000 bonus reward points when you spend more than INR1,200,000 a year
  (Only applicable to those who apply between 1 December 2024 to 31 December 2025)

Now coming to the most important of all Redemption Options -

Airlines

• Air India Maharaja Club, InterMiles, Aeroplan, Flying Blue, British Airways Executive Club, Etihad Guest, Infinity MileageLands, Hainan Airlines Fortune Wings Club, JAL Mileage Bank, Singapore Airlines Krisflyer, Qantas Frequent Flyer, Qatar Airways Privilege Club, Royal Orchid Plus, Turkish Airlines Miles&Smiles, United MileagePlus, Vietnam Airlines Lotusmiles - 1:1
• airasia rewards - 1:3

Hotel

• ALL – Accor Live Limitless, IHG One Rewards, Marriott Bonvoy, Wyndham Rewards - 1:1
• Shangri-La Circle - 5:1

Exclusions

• Utilities(4900)
• Non-Financial Institutions (6051)
• Jewelry(5094, 5944)
• Fuel(5541,5542, 5172,5983,5552)
• Financial Institutions (6012, 6011,6010)
• Tax Payments (9311)
• Money Transfer (4829)
• Insurance(5960,6300)
• Education & Government(9399,8211,8249,9211,8299,8241,9222,9405,8220, 8244,9402)
• Real Estate Agents and Managers(6513)
• E-Wallets(6540)
• Bail and Bond Payments(9223).

2X RP Eligible MCCs
Accelerated Reward Points i.e 4 RP for every INR 100 Spends, will be earned on the following categories : Airlines (3000 3069, 3071,3071, 3075-3079, 3081-3090,3094,3096,3103,3106,3110-3112,3115,3117,3118,3125 3127,3129-3133,3135-3138,3143-3146,3148,3151,3154,3156, 3159,3161,3164,3165,3167,3170-3172,3174-3178,3180-3188,3190-3193,3196,3197,3200,3203,3204,3206,3211-3223,3226,3228,3229, 3231, 3233-3236, 3238-3243,3245-3248,3251-3254, 3256,3259-3263, 3266, 3267, 3280, 3282, 3284-3287, 3292-3300,3302,4511) Travel Aggregators (4722,4723)

2X reward points will be posted within 60 days post the month end of the transaction

They seem to be on a roll. Expanding branches, introducing new cards, etc seems they intend to fill the Citi void.

 

[sourpai]

Lot of exclusions.... In fact more than Atlas. Atlas gives points on education, this one does not

Education and Jewellery should not have been excluded. Other exclusions such as Insurance, Utilities etc are fine. HDFC is still the king when it comes to managing exclusions

 

[harshgupta940]

They seem to be on a roll. Expanding branches, introducing new cards, etc seems they intend to fill the Citi void.

But they are already more reluctant than HDFC in issuing cards. They are mostly targeting Salaried Individuals and HNIs.

 

[jk51]

But they are already more reluctant than HDFC in issuing cards. They are mostly targeting Salaried Individuals and HNIs.

True but in hindsight kind of that’s saving their products from devaluation. Any product meant for mass affluents ends up getting devaluated sooner. In this case it might change as well considering future increase in serviceable locations due to new branch openings.

 

[harshgupta940]

True but in hindsight kind of that’s saving their products from devaluation. Any product meant for mass affluents ends up getting devaluated sooner. In this case it might change as well considering future increase in serviceable locations due to new branch openings.

I don't think major devaluation would take place as they have already designed the card learning from other banks.

 

[ccdc]

AVOID!!!...damn 3 words

 

[nh124001]

for utilities we can buy agv, which will give 4 travel points, i think atlas has an uper edge, do hsbc has reward accelerator portal?

 

[Indrajeet100]

Even more exclusions than Atlas but same time aggregators included for multipler rewards. Joining fee benefits are pretty worthless. Atlas still way better.

 

[Andy1]

Waste of time Card unless ONE gets it LTF due to exclusions. SBI CASHBACK is better than this mark my words.

 

[thewittypanda]

I don't find this attractive enough. The Fees, T&C, exclusions, reward rates, milestone benefits plus HSBC credit card issuance history all make it a big no no. Atlas, even at it's current devalued state, stands far far better than this.