HSBC Enters the Game – Accelerated Rewards Travel Portal Now Live!

[sanarora]

cant we transfer direct mutual funds to the hsbc brokerage..? wont that count..?

 

[sanarora]

I have a doubt, so 1 yr ago my account came with a HSBC Premier VISA platinum debit card, the current offering is a black VISA Signature Debit card, can someone throw some light on what is the difference between the two..? Shld i request for the New one..??

 

[ash_m]

So I meant the mutual funds which is run under them, I don't mean direct mutual funds with the hsbc name on them. I read that it would work hopefully I'm not wrong. I have the times black so would love to reduce to 12k from 20k lol

TimesBlack is still better for day to day usage, IMO. With HSBC Premier, you'd get 3% points for shopping - no extra points on shopping vouchers. With TB, you can buy vouchers and use them to shop - earning as high as 12% back in points.

HSBC Premier is only better if you're going to travel a lot, and wherever you travel you get Accor properties to stay. Otherwise, I don't see how it is better than TB.

Personally, I'd take TravelOne if I am not getting Premier & it is only travel redemptions that I need this for. Half the fees, almost similar return rate, and guess what - you get 4% points (8% return for Accor) back even when you choose to book via OTAs like Yatra.

 

[abhiaj_geek]

Correct, to avail the HSBC Premier card you need their premier account status.

Good thing is they're very transparent with this, you can find the details on their page itself: https://www.hsbc.co.in/premier/.
It doesn't explicitly say about investments but highly unlikely that you can just show your HSBC MF investments and get this status. Maybe through FD of 40L or something it might work.

Just FYI - this card not free. You pay 12K + GST as joining fee and in return, you don't get any points. But you get 12K Taj gift card & their epicure membership (this is not with 1 free night stay). The value on joining fee is not that great, I think. But yes if you're planning to stay at Taj in an year or so then this is pretty good. Other benefits I guess you already know.

Are you sure the one night free stay is not included with joining benefit of hsbc premier?

 

[abhiaj_geek]

cant we transfer direct mutual funds to the hsbc brokerage..? wont that count..?

My rm said no

 

[shashank08]

Are you sure the one night free stay is not included with joining benefit of hsbc premier?

Yes it is not.. you get 12K Taj voucher but no free night..