yeah it seems to be pretty easy as only 4 lacs income needed. yes 5899 with gst but i will be able to recover it with in a month as i have a 1 lac around spend.
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HSBC Enters the Game – Accelerated Rewards Travel Portal Now Live!
- Thread starter TechnoFino
- Start date
- Replies 81
- Views 5K
I believe whosoever is not able to get DCBM can definitely look at this Travel One card, the rewards are fascinating. I have the DCBM and Atlas already but still couldn't resist this one.
Rewards multiplier will work on hotels mcc, right!
i think the accelerated reward points will only work on their own portal
Guessing the same, will wait till confirmation
Is it guaranteed if you meet the income guidelines or does that simply mean you are eligible and then they would look at your credit status and risk? My income would easily qualify if they accepted self employed people. I can easily maintain the 40 lakh threshold as well. Will have to go to a branch and discuss the details.
Any cc is subject to credit risk verification. So no, premier cc is not 100% guaranteed even if you meet premier criteria
Ohh. Thats dampning to know. I think I will continue with Axis Atlas!
Kabir_1112
TF Buzz
Anyone who tried using the hsbc portal? I cannot see the View more page in my HSBC India app for the rewards point even after uninstalling the app and reinstalling it and even my Samsung S24 ultra is on the latest version. But still cannot see credit card option on India app of hsbc.
rohitnsync
TF Select
Do share what does the branch say regarding self-employed people. Also, it would be helpful if you could ask them whether opening a "Personal Banking" relationship (1.5 lac) help in getting the Travel One credit card.
rohitnsync
TF Select
Do you know whether this method works? Can you please elaborate on how much of an amount needs to be maintained in Savings/Current account?
received an sms today stating card reclassification request is successfully closed and that i should receive it within 7 working days
As long as you have ITR above 4 lakhs opening a current/savings account should work for self employed. Not sure about MAB to be maintained..
Mentioned on the HSBC website on the right hand side bottom corner -
based on savings account (mutual funds, rather). I got in before the joining fee revamp.
- You earn no reward points on spending in the following categories: bail and bond payments (9223), education and government (9399, 8299, 8220, 8211, 8241, 8244, 8249, 9222, 9402, 9211, 9405), e-wallets (6540), financial institutions (6010-6012), fuel (5541, 5983, 5172, 5542, 5552), insurance (6300, 5960), jewellery (5944, 5094), money transfers (4829), non-financial institutions (6051), real estate agent and managers (6513), tax payments (9311), utilities (4900).
too many restrictions
does 1 lakh spend milestone also has the below restrictions ?
- You earn no reward points on spending in the following categories: bail and bond payments (9223), education and government (9399, 8299, 8220, 8211, 8241, 8244, 8249, 9222, 9402, 9211, 9405), e-wallets (6540), financial institutions (6010-6012), fuel (5541, 5983, 5172, 5542, 5552), insurance (6300, 5960), jewellery (5944, 5094), money transfers (4829), non-financial institutions (6051), real estate agent and managers (6513), tax payments (9311), utilities (4900).
Rent no excluded? That's surprising.
devsfinance
TF Premier
Is there any option like smartbuy to pay using RP directly to treat it as revenue like SmartBuy?
I visited a branch yesterday. Had a meeting with their manager and she called a senior regional manager who was visiting as well as another investment manager. They first interviewed me for a while before deciding if I was a suitable customer. Even asked me if I had ever traveled to Cuba, Iran, Syria etc or intended to travel! Completely ridiculous of course. They claim it is due to US sanctions and they don’t want people who have business interests in those countries. Asked me whether I received any cash income (black money) as well! They seem rather paranoid.
Anyway, they want a cheque of at least 40 lakhs to open the Premier account and would apply for the card at the same time. They would, of course, prefer a higher initial amount like at least 1 crore. Demat balance would be counted but, they do not have a trading facility for stocks! You can transfer your existing holdings to them and hold them but if you need to trade, you would have to transfer them to another depository to sell! You can buy and sell MFs with them though. If I decide to go with them, I would just invest 40 lakhs in MFs through them and be done with it. They seem fairly confident of getting the card approved once you become a customer but advised that the credit limit would depend upon the relationship value. S&C had said the same as well.
