HSBC Bank today launched its TravelOne credit card in India. First, let's review its full benefits, and then we'll discuss more about this card.
[A Few details are copied from this thread - https://www.technofino.in/community...e-cc-launched-an-axis-atlas-competitor.37051/ by @harshgupta940 ]
Fees:
Reward Points System:
Exclusions for Base Reward Points:
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.
Milestone Benefits:
Earn 10,000 bonus reward points when you spend more than INR1,200,000 a year [Reward Rate: 0.83% Reward Points]
All sales transactions net of refunds will be considered for Milestone. No exclusions for Milestone Benefit.
Other Benefits
You can transfer your reward points to different partners.
Airlines
TechnoFino Option:
This credit card appears to be a direct competitor to the Axis Atlas credit card. Axis Atlas clearly holds the upper hand over the HSBC TravelOne credit card, offering 4% partner points on regular spends and 10% accelerated partner points. In comparison, HSBC provides 4% partner points on accelerated categories and 2% on other spends.
The exclusion list is also longer for the HSBC TravelOne card. While the Axis Atlas card has a similar exclusion list, it still allows reward points on education payments, which the HSBC TravelOne card does not. Additionally, the milestone benefits on the HSBC TravelOne card are not particularly appealing.
Overall, Axis Atlas seems to be the better option for now. However, if you’re looking for an alternative in the mid-range credit card category with a variety of transfer options, the HSBC TravelOne card can still be a good choice.
That said, keep in mind that you can earn double the rewards on eligible spends with the Axis Atlas card compared to the HSBC TravelOne card. However, Axis Atlas does have a few drawbacks, such as reward transfer capping and low Group A partner transfer limits. So, if you are a very high spender, the HSBC TravelOne card can be a good addition to your portfolio after fully utilizing the benefits of your Axis Atlas card.
[A Few details are copied from this thread - https://www.technofino.in/community...e-cc-launched-an-axis-atlas-competitor.37051/ by @harshgupta940 ]
Fees:
- Joining Fee - INR 4,999 + GST
- Annual Fee - INR 4,999 + GST
- Annual Fees Waiver Condition - Spend INR 8 Lakhs in a year.
- INR 1,000 cashback
- INR 3,000 PostCard voucher
- 3 months EazyDiner Prime Membership
- Get 3,000 bonus reward points when you spend INR 100,000 in the first 90 days. All sales txns net of refunds will be considered for this Milestone.
Reward Points System:
- Earn 2 reward points for every INR 50 spent on Airlines, travel aggregators [spends in INR or in foreign currency] (Capped at 50K Reward Points Per Calendar Month) [4% Reward Points]
- Get 1 reward points for every INR 50 spent on anything else, with no cap. [2% Reward Points]
Exclusions for Base Reward Points:
- 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).
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.
Milestone Benefits:
Earn 10,000 bonus reward points when you spend more than INR1,200,000 a year [Reward Rate: 0.83% Reward Points]
All sales transactions net of refunds will be considered for Milestone. No exclusions for Milestone Benefit.
Other Benefits
- Purchase Protection of INR 2,49,990 per claim and INR 16,66,600 annually aggregate limit. [Purchase Protection Insurer - TataAIG, document: https://www.hsbc.co.in/content/dam/hsbc/in/documents/purchase-protection-policy-tnc.pdf]
- Get 6 domestic 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).
You can transfer your reward points to different partners.
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
- ALL – Accor Live Limitless, IHG One Rewards, Marriott Bonvoy, Wyndham Rewards - 1:1
- Shangri-La Circle - 5:1
TechnoFino Option:
This credit card appears to be a direct competitor to the Axis Atlas credit card. Axis Atlas clearly holds the upper hand over the HSBC TravelOne credit card, offering 4% partner points on regular spends and 10% accelerated partner points. In comparison, HSBC provides 4% partner points on accelerated categories and 2% on other spends.
The exclusion list is also longer for the HSBC TravelOne card. While the Axis Atlas card has a similar exclusion list, it still allows reward points on education payments, which the HSBC TravelOne card does not. Additionally, the milestone benefits on the HSBC TravelOne card are not particularly appealing.
Overall, Axis Atlas seems to be the better option for now. However, if you’re looking for an alternative in the mid-range credit card category with a variety of transfer options, the HSBC TravelOne card can still be a good choice.
That said, keep in mind that you can earn double the rewards on eligible spends with the Axis Atlas card compared to the HSBC TravelOne card. However, Axis Atlas does have a few drawbacks, such as reward transfer capping and low Group A partner transfer limits. So, if you are a very high spender, the HSBC TravelOne card can be a good addition to your portfolio after fully utilizing the benefits of your Axis Atlas card.
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