i have to book flights worth around 1 lac, i will get 10k accor points if i book on atlas but i will get 16k accor points if i book on travel one, now you decide
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HSBC Enters the Game – Accelerated Rewards Travel Portal Now Live!
- Thread starter TechnoFino
- Start date
- Replies 164
- Views 11K
Are the prices same in HSBC portal and airlines website? someone mentioned its usually 10-20% more on HSBC portal
Pretty decent kit. Congrats
i have no idea as i haven't seen the portal yet
nishanthb
TF Buzz
Whats the solution for the below error, as I'm getting this while accessing to reward portal, as many of them here were discussing on the same point but no message has the resolution. I tried contacting support team via chat, call and email, but nothing working in favour. Please help with what you guys had done to overcome this. BTW, I have reclassified this to travel one from live+.
@Kabir_1112 plz check and revert if you have seen any solution
@Kabir_1112 plz check and revert if you have seen any solution
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I went to the HSBC Bank today. Process for account opening was pretty smooth. They just needed transfer of 40 lacs worth of shares or MFs. Nothing more. And yes, they promised me getting the card even though I don’t have a permanent address in the cities that they are located at (I live in a Tier 2 city)
Very comforting info and this route can be convenient for many.
Thanks 🙏🏼
Only 40 lakh 😂
Direct MF also considered?
idharkyadekhraha
TF Buzz
I believe Premier credit card application processing has slowed down (may be due to higher number of applications post the revamp). I had applied through my RM on 20th Aug and still awaiting confirmation
I’m not sure about that. Some were direct. Some were regular. They told it will take a month or two for the 40lacs maintainance to show in the account
People on social media have told that it takes 15-30 days for CC to process. This is the way HABC works
Do note that HSBC doesn’t have trading rights for direct stocks in India. So if you transfer your stocks into their account. You won’t be able to sell them. You will need to transfer them back to another demat of some other brokerage for selling them. So only use your stocks if you are not planning to sell them in near future.
Regarding the MFs, you can sell them even if you transfer them to HSBC
Regarding the MFs, you can sell them even if you transfer them to HSBC
nishanthb
TF Buzz
Anyone please help to revert
sai123
TF Buzz
are you sure we can't redeem the points on the flights /hotels we book on their platform?
I have a lot of interaction flights and hotel bookings so the no daily capping and higher reward rate with lower joining fees makes sense
Transfer process will come with a hefty tax burden also
You need to redeem and invest so it would involve CG
No body has answer. Mostly who have upgraded their cards are on same boat
No I think you misunderstood.
You can redeem your points at 1:1 ratio for flights & hotels directly on their platform as well. However, that cuts your base reward rate to half i.e. from 6% -> 3%, and accelerated reward rate from 36% -> 18% & 72% -> 36% (for flights & hotels respectively). This is pretty much similar return rate as TimesBlack I guess.
It is still pretty good, but if it is ONLY travel that you need this card for (not shopping) and you don't meet the 3L salary criteria, you're better off taking TravelOne IMO. It has almost same reward rate, and if you're not into Accor then the difference in final return rate is even smaller.
Premier account will not come cheap via investments route, and HSBC anyway has a strong bias towards salary account holders.
I don’t know that. I’ll check with them once and revert back. Thanks for the heads up.
devsfinance
TF Premier
In terms of TravelOne also this does not change right? We can redeem on their portal as well for 1:1 right?
