Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
HSBC Bank has a number of credit cards on offer for the customers. HSBC Bank credit cards have a special reward programme. On using your HSBC Bank credit card for making purchases, you will be able to earn reward points against it. These reward points can be redeemed against different types of rewards.
Rewards Programme and Accelerated Rewards Programme
Under the HSBC Credit Card Rewards Programme and the Accelerated Rewards Programme, credit card customers of the Bank can earn reward points when they make any purchases using their cards.
Find the number of points that customers can earn on their credit cards from the chart below:
| Credit Card Type | Rewards Programme | Accelerated Rewards Programme |
|---|---|---|
| HSBC Bank Visa Platinum Credit Card | 2 Reward points for every Rs.100 spent on the card | 5x Reward points for purchases made after crossing the spend amount of Rs.4 lakh in an anniversary year, subject to a maximum of 15,000 accelerated reward points. |
| HSBC Bank Advance Visa Platinum Credit Card | 2 Reward points for every Rs.100 spent on the card | 5x Reward points for purchases made after crossing the spend amount of Rs.4 lakh in an anniversary year, subject to a maximum of 15,000 accelerated reward points. |
| HSBC Bank Premier Mastercard Credit Card | 2 Reward points for every Rs.100 spent on the card | - |
| HSBC Bank Cashback Credit Card | - | - |
| HSBC Bank Smart Value Credit Card | 1 Reward point for every Rs.100 spent on purchases | - |
Cardholders can redeem their Rewards points to purchase products/ services in various categories such as garments, gift vouchers, home appliances, air miles, cosmetics, charities, electronics, fashion accessories, jewellery, etc.
The rewards points that you earn on your HSBC Credit Cards can also be used to redeem airline miles. At present, you can redeem airline miles from InterMiles (previously known as JetPrivilege), Singapore Airlines, and British Airways. The conversion ratio for the points are listed below
| Airline Name or Membership Programme | Rewards Point Conversion Ratio | Applicable Credit Card |
|---|---|---|
| InterMiles | 3 reward points is equal to 2 InterMiles | HSBC Bank Premier Mastercard Credit Card |
| InterMiles | 4 reward points is equal to 1 InterMile | HSBC Makemytrip Platinum Credit Card |
| InterMiles | 2 reward points is equal to 1 InterMile | All other eligible cards |
| Singapore Airlines - Kris Flyer Miles | 1 reward point is equal to 1 Kris Flyer Mile | HSBC Bank Classic, Platinum, Gold, and Premier Credit Cards |
| Singapore Airlines - Kris Flyer Miles | 2 reward points is equal to 1 Kris Flyer Mile | HSBC Makemytrip Platinum Credit Card |
| British Airways Executive Club – Avios Miles | 1 reward point is equal to 1 Avios Mile | HSBC Bank Classic, Platinum, Gold, and Premier Credit Cards |
Taj Inner Circle programme members, who have HSBC credit cards that are eligible for the Rewards Programme, can earn Taj Inner Circle Points when they spend money using their cards at Taj Hotels located in and outside India. Cardholders can request HSBC bank to convert their Taj Inner Circle points to Rewards points, which will be credited by the bank to their Taj Inner Circle accounts within 7 working days. The conversion ratio for Taj Inner Circle Points is mentioned below –
| Name of Hotel Rewards Programme | Rewards Point Conversion Ratio | Applicable Credit Card |
|---|---|---|
| Taj Inner Circle | 1,000 reward points is equal to 1,000 Taj Inner Circle points | HSBC Bank Classic, Platinum, Gold, and Premier Credit Cards |
| Taj Inner Circle | 1,000 reward points is equal to 500 Taj Inner Circle points | HSBC Makemytrip Platinum Credit Card |
To redeem their Reward points, HSBC Credit Cardholders can do one of the following things:
If customers wish to redeem their points online, they will require an Internet Banking ID and password. HSBC Bank will take 3 weeks to process the redemption requests.
The Reward points work according to the Rolling Expiry System. According to this system, your points are valid for your credit card for a certain number of years, say 2 years. If you do not redeem them at the end of the first year of your membership, then they will expire at the end of the 2nd year. The first year will begin from the date of issue of the credit card. The Reward points validity period for the different cards are mentioned below –
| Credit Card | Reward points validity |
|---|---|
| HSBC Bank Gold Credit Card | 2 years |
| HSBC Bank Classic Credit Card | 2 years |
| HSBC Bank Smart Value Credit Cards | 2 years |
| HSBC Bank Platinum Credit Card | 3 years |
| HSBC Bank Premier Credit Card | 3 years |
Credit Card customers of HSBC Bank can download the Rewards Redemption form from the official website of the bank. You can find the form in the 'Rewards Programme' section under the ‘Credit Cards’ section of the website. The forms are available for download in PDF format. It should be noted that the same Rewards Redemption Programme are not applicable for all the cards.
Credit Card customers can redeem their Reward points from the HSBC Rewards Catalogue. The Rewards Catalogue is divided into different categories, which are as follows –
Each Catalogue has a list of products, which the customers can choose from. They can then redeem their points to purchase the products they like. The Rewards points can be redeemed by the primary card holders only and the bank will charge a handling fee of Rs.50 per redemption. Even if cardholders purchase anything using their add-on cards, the points will be credited to the primary card.
The value of the HSBC Bank Premier reward points will vary for different types of redemption methods. However, a cardholder will earn 2 rewards points on this card for every Rs.100 spent.
Yes, HSBC Bank Credit Card reward points are subject to expiration. Depending on the card that you hold, the expiration tenure can range from 2 years to 3 years.
HSBC Bank cardholders can get in touch with the bank directly and process the conversion and/or redemption of points.
You can spend your HSBC Bank credit card reward points for airline miles and/or choose products to purchase from the rewards catalogue provided in the rewards section of the bank’s website.
No, you cannot redeem the reward points after the closure of your credit card account. You have to do it in advance to avoid the forfeiture of the points.
No, you cannot transfer your HSBC Reward points to another credit card holder.
No, customers are not required to enrol for the rewards programme separately. The programmes are activated by default on all eligible cards.
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