HSBC
TravelOne
The HSBC TravelOne Credit Card is a versatile, airline-agnostic card designed to provide significant value to frequent flyers. With an annual fee of Rs.
Direct link to the issuer's website. Terms apply — verify current offer with the bank.
Data last updated 7 June 2026.
At a Glance
Annual Fee
₹4,999
Joining Fee
₹4,999
Fee Waiver
Spend ₹8,00,000 annually
Lounge Access
See details
Forex Markup
3.5%
Effective Yield
2% – 4.8%
Our Take
CreditGully Rating
Based on CreditGully editors' analysis. Not influenced by card issuers.
The HSBC TravelOne Credit Card is a versatile, airline-agnostic card designed to provide significant value to frequent flyers. With an annual fee of Rs. 4,999, it offers accelerated rewards on travel expenditures and provides a highly flexible 1:1 points-to-miles conversion ratio across a wide network of international airlines and major hotel loyalty programs. Rather than being locked into a single airline or hotel chain, users can maximize value by transferring points to partners such as Air India, British Airways, Etihad, Qatar Airways, Marriott, and Accor.
Beyond point transfers, the card excels in direct savings. Booking through the HSBC Rewards Marketplace can net cardholders up to 12% back in rewards, while partnerships with major travel platforms like Yatra, EaseMyTrip, and Cleartrip unlock direct discounts of up to 15%. To complement the travel experience, the card also provides 6 domestic and 4 international lounge visits per year, dining privileges through EazyDiner Prime, and complimentary golf rounds.
This card is an ideal choice for regular travelers who prefer the flexibility of multiple airlines and hotels over brand-specific loyalty. If you can leverage online travel aggregators and regularly meet the card's spend thresholds to maximize milestone bonuses and waive the annual fee, the HSBC TravelOne is an exceptionally rewarding option.
What We Like
We highly appreciate the card's exceptional 1:1 reward conversion ratio across a vast selection of partner airlines and hotels. Additionally, the ability to secure up to 12% in rewards on the HSBC Rewards Marketplace and the inclusion of domestic and international lounge visits without any minimum spend criteria are highly consumer-friendly features.
Pros
- ✓Earn accelerated reward points on travel spending, delivering up to 12% value-back via the HSBC Rewards Marketplace.
- ✓A flexible 1:1 points-to-miles conversion ratio for major hotel and airline loyalty programs.
- ✓Up to 15% discount on bookings across popular travel platforms such as Yatra, EaseMyTrip, and Cleartrip.
- ✓Complimentary golf rounds and lessons alongside green fee discounts.
Cons
- ✗Carries a high foreign currency markup fee of 3.5%.
- ✗Welcome benefits are subject to meeting specific spend-based requirements.
- ✗Redemption of accrued reward points is restricted solely to partner travel miles or hotel loyalty points.
Get This Card If
- ✓You frequently book through travel platforms like EaseMyTrip, Yatra, and ClearTrip and can maximize the available discount offers.
- ✓You put most of your spends on credit cards and can comfortably meet the thresholds required for welcome and milestone rewards.
- ✓You are a regular traveler who prioritizes booking flexibility over brand loyalty and wants to optimize savings via the HSBC Rewards Marketplace.
Earning & Redemption
How You Earn
| Category | Reward rate | Yield % | Cap |
|---|---|---|---|
| Travel & Foreign Currency | 4 Reward Points (RP) per ₹100 | 4.00% | 50,000 accelerated RP per month |
| All Other Retail Spends | 2 RP per ₹100 | 2.00% | No Upper Cap |
| HSBC Rewards Marketplace | Up to 12 RP per ₹100 | 12.00% | Varies by Offer; upto 18,000 RP per month |
| Excluded Categories | No Points Earned | 0.0% | — |
Milestone Rewards
| Spend | Benefit | Value | Summary |
|---|---|---|---|
| ₹1 Lakh | Bonus Points3,000 pts | 3,000 Air Miles | Awarded for spending ₹1 Lakh within the first 90 days of card issuance. |
| ₹8 Lakh | Fee Waiver | ₹4,999 + GST Savings | Annual fee is reversed if the previous year's spend exceeds ₹8 Lakhs. |
| ₹12 Lakh | Bonus Points10,000 pts | 10,000 Air Miles | Ongoing annual bonus for high spenders, effectively increasing the base yield. |
Redemption Value
| Channel | Value per point | Verdict |
|---|---|---|
| Air Miles / Hotel Points (Transfer) | ₹1.00 per RP1:1 Ratio (Most Partners) | Best Value (Partners include Air India, Singapore Air, Marriott, Accor, etc.) |
| Apple Products / Vouchers | ₹0.25 - ₹0.40 per RPVariable | Avoid (Value is significantly lower than travel transfers) |
What You Need to Know
Accelerated Cap Reversion
After hitting 50,000 RP in a month, travel/forex earnings drop from 4 RP to 2 RP.
Impact: Relevant for 'whale' spenders booking business class or long group trips.
Fee Reversal Logic
The ₹4,999 fee is charged on the anniversary and then reversed if the milestone is met.
Impact: Users must ensure liquidity to pay the fee initially before the reversal reflects.
Forex Markup vs. Rewards
The card has a 3.5% forex markup but gives 4% back in miles.
Impact: Effective net gain of ~0.5% on international spends, which is rare for non-premium cards.
Instant Transfer Perk
Unlike Axis or HDFC which can take days, most HSBC transfers are near-instant.
Impact: Excellent for 'last-minute' award seat bookings where availability is volatile.
Essential Fine Print
Reward Exclusions
Excluded Categories: Fuel, Rent, Wallet loading, Insurance, and Government payments do not earn Reward Points.
Welcome Offer
Bonus Reward Points
3,000 Reward Points when you spend ₹1,00,000 in the first 90 days.
Cashback worth 1,000
When you spend ₹10,000 within the first 30 days.
PostCard voucher worth ₹3,000
When you spend ₹10,000 within the first 30 days.
3 months' EazyDiner Prime Membership
When you spend ₹10,000 within the first 30 days.
Lounge Access
Domestic Lounge Access
6 complimentary visits per calendar year to domestic airport lounges in India.
International Lounge Access
4 complimentary visits per calendar year to international lounges.
Travel Benefits
Point Transfer Ratio
Transfer Reward Points to over 15 airline and hotel partners at competitive ratios.
Accelerated Rewards
Earn 4 Reward Points for every ₹100 spent on travel, including airlines and hotels.
Duty-Free Shopping in India
Save up to 20% at select duty free stores in India
15% Discounts on Travel Bookings
Save 15% on domestic and international holiday Bookings at Yatra, EaseMyTrip, PayTM Travel, Goibibo and ClearTrip
StayVista Discounts
Save when booking your getaway at StayVista
Dining Benefits
HSBC Dining Program
Discounts and offers at partner restaurants across India.
Golf Benefits
Access to the top golf courses in India
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.
Milestone Benefits
Annual Fee Waiver
Renewal fee of ₹4,999 waived on annual spends of ₹8,00,000 or more.
Additional Features
Instant Redemption
Instantly convert Reward Points into airline miles or hotel points via the HSBC India mobile app.
Savings on movies and events with the District app by Zomato
Enjoy up to 10% off events with promo code HSBCTOEVENTS, and dining with promo code HSBCTODINING. Plus, buy 1 movie ticket and get 1 free twice a month with promo code HSBCTOMOV.
Up to 20% off duty-free with AdaniOne
Save 20%, up to INR3,000, on their app or website when you spend INR8,000 or more, once per card per year. Just use promo code: HSBCTRAVELONE.
Fees & Charges
| Fee Type | Amount / Details |
|---|---|
| Joining Fee | ₹4,999 |
| Annual / Renewal Fee | ₹4,999 |
| Fee Waiver Threshold | Spend ₹8,00,000 annually |
| Forex Markup | 3.5% |
| Fuel Surcharge Waiver | 1% surcharge |
Eligibility Criteria
Minimum Income
Minimum annual income of ₹4,00,000 for salaried individuals.
Age
Primary cardholder must be between 18 and 65 years of age.
Ready to apply for TravelOne?
Annual fee: ₹4,999 · Waived on ₹8,00,000 spend
Frequently Asked Questions
Annual fee
₹4,999
2% – 4.8% yield