HSBC TravelOne Credit Card
A travel rewards card with 20 airline and hotel transfer partners, most at 1:1, bonus points on travel bookings and lounge access in India and abroad.
Watch: HSBC TravelOne in 60 seconds
Approval is up to HSBC. Not financial advice. We may earn a commission.
Rewards and cashback
| Where you spend | You earn | Limit |
|---|---|---|
| Hotels on HSBC Travel with Points | 24 points per ₹100 | 18,000 points a month with flights |
| Flights on HSBC Travel with Points | 16 points per ₹100 | Shared 18,000 |
| Flights, travel sites and foreign currency spends | 4 points per ₹100 | 50,000 points a month |
| Other spends | 2 points per ₹100 | – |
| Utilities, fuel, insurance, education, government, rent, wallet loads, jewellery | Nothing | – |
- Transfer 1:1 to partners such as Accor, Singapore Airlines KrisFlyer, Qatar, British Airways, Air India, Etihad, Marriott and Flying Blue.
- As statement credit or vouchers, points are worth only about ₹0.25.
Benefits
Welcome benefit
- About ₹4,000 in welcome benefits (cashback and vouchers) on ₹25,000 spend within 30 days.
Milestones
- 10,000 bonus points on ₹12 lakh yearly spend.
Travel and lounges
- 6 domestic and 4 international lounge visits a year.
- Golf rounds and lessons.
Fuel and forex
- Forex markup 3.5% (HSBC’s zero-markup offer ended on 31 Oct 2026).
- Fuel earns nothing.
Other perks
- 24×7 concierge
Fees and charges
| Joining fee | ₹4,999 + GST (₹5,899) |
|---|---|
| Annual fee | ₹4,999 + GST, waived on ₹8 lakh yearly spend |
| Interest | 3.75% a month |
| Forex markup | 3.5% |
GST at 18% applies on fees. Banks change charges from time to time; the bank’s own terms are final.
Who can apply
- Salaried: age 18 to 65, ₹6 lakh a year
- Self-employed: age 25 to 65
You will usually need PAN, Aadhaar or address proof, and income proof (salary slips or ITR). A credit score of 750 or more improves your chances.
Pros and cons
What we like
- Excellent 1:1 transfer partners
- Big bonus on portal hotel bookings
- No transfer caps
Watch out for
- 3.5% forex is high for a travel card
- ₹8 lakh needed to waive the fee
- Points weak as cash
Is the HSBC TravelOne worth it?
TravelOne is worth its ₹4,999 + GST fee for people who move their points to airline and hotel programmes. Used as statement credit, a point is worth only about ₹0.25, and the fee becomes hard to earn back.
Example: ₹60,000 a month (₹7.2 lakh a year)
| Where you spend | Points |
|---|---|
| ₹40,000 of hotels on HSBC Travel with Points (24 per ₹100) | 9,600 |
| ₹60,000 of flights on airline websites (4 per ₹100) | 2,400 |
| ₹6.2 lakh of other spends (2 per ₹100) | 12,400 |
| Total points | 24,400 |
| Worth if moved 1:1 to airline miles (₹0.50 to ₹1 a mile) | ₹12,200 to ₹24,400 |
| Worth as statement credit (about ₹0.25 a point) | ₹6,100 |
| Annual fee (not waived below ₹8 lakh) | ₹5,899 |
What an airline mile is worth depends on the flight you book; we assume ₹0.50 to ₹1. Utilities, fuel, insurance, rent and wallet loads earn nothing and are not included. The example leaves out the first-year welcome benefit and lounge visits.
How to get the most from it
- Book hotels on HSBC Travel with Points for 24 points per ₹100, within the 18,000 points a month limit.
- Move points 1:1 to partners such as Singapore Airlines KrisFlyer, Accor, Air India, Qatar and British Airways.
- Spend ₹8 lakh in your card anniversary year to get the next fee waived. Add-on card spends count.
- The forex markup is 3.5%. HSBC’s zero-markup offer ended on 31 October 2026, so a zero-forex card is now cheaper for spending abroad.
Skip it if
- You want simple cashback. HSBC Live+ is a better fit.
- You spend a lot abroad. A 0% forex card such as Scapia saves the 3.5% markup.
New to card fees? Read how joining fees, annual fees and waivers work.
Recent changes
- 31 Jul 2026Fee waiver now counts add-on card spends and uses the card anniversary year.
- 20 Aug 2025Accelerated points added on HSBC Travel with Points bookings.
Frequently asked questions
Which partners can I transfer HSBC TravelOne points to?
About 20 airline and hotel programmes, most at 1:1, including Accor, KrisFlyer, Qatar, British Airways, Air India, Etihad and Marriott.
Is HSBC TravelOne worth the ₹4,999 fee?
If you move points to airlines or hotels and spend around ₹50,000 or more a month, usually yes: our ₹60,000 a month example earns ₹12,200 to ₹24,400 of value against a ₹5,899 fee. If you take points as statement credit, usually not.
How do I get the HSBC TravelOne annual fee waived?
Spend ₹8 lakh in your card anniversary year. Since 31 July 2026, spends on add-on cards count towards the target.
What is the forex markup on HSBC TravelOne?
3.5%. HSBC’s zero-markup offer ended on 31 October 2026, so the full 3.5% now applies.
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Sources: CardAdvisor. Details checked on 3 Nov 2026. For information only, not financial advice; always read the bank’s most important terms (MITC) before applying.