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.

 

[R!ppEr]

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.

i find myself with the same conclusion, not nearly worth the fee

 

[nixflix]

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

If they are then they have been really good at pushing customers away. They have one of the worst customer service among foreign banks. Maybe still better than SCB.

 

[jk51]

If they are then they have been really good at pushing customers away. They have one of the worst customer service among foreign banks. Maybe still better than SCB.

Except Citi and DBS almost every other foreign banks had. Thing till the time bank churns out decent to epic level cards in terms of value people are bound to get attracted and take it. Irrespective whether it’s a foreign or domestic entity. Citi IOC was one of pioneers of cobranded fueling card people were happy with it Till the time points credit issue crept up on specific POS swiping and other banks entered the space with more lucrative products, though customer care was good. Same goes for SC Ultimate which was one of the top cards for almost six years straight till couple of years back it got devalued for major category of payments such as Tax, Govt, Insurance, etc. People used to covet for this like anything. Nobody used to bother about HSBC when they had (and still do) Platinum till the time they launched Cashback/Live+ hence its a matter of individual use case whether to continue with the card despite any devaluation till the till they are getting any value. With regards to eligibility criteria all banks have some form or the other hindrance for a select set of group of customers to onboard. Many don’t prefer Infinia owing to their spending eligibility criteria for card upgrade and simply because they don’t travel much where despite spends upgrade is not guaranteed whereas someone who has Zomato spends might value axis Neo card more than any other card in the segment. Such customers find value in alternate sources.

 

[Starlord1602]

My wife has a recurring ~35k spend on Tanishq Golden Harvest program, does that count in Jewellery spends? Would want to use this card for the same

 

[harshgupta940]

My wife has a recurring ~35k spend on Tanishq Golden Harvest program, does that count in Jewellery spends? Would want to use this card for the same

For that Tata Neu Infinity would be the best IMO

 

[romit99]

does anyone know if airbnb falls under x2 category? MCC code is 7011? does not show any info about it to me. But I am also unsure if the MCC code is 4722 or 7011 for airbnb for international bookings