HSBC Premier CC Criteria

[yoloof]

Does everyone who holds an HSBC premier bank account qualify for the premier CC? Or there's a hidden salary/income criteria?

I can get HSBC premier bank account via the demat criteria but don't meet the salary requirement for the bank account. Will that also disqualify me for the CC as well?

 

[asha_kanta_sharma]

Not necessarily. While HSBC Premier account holders are eligible for the Premier Credit Card, banks typically have additional eligibility criteria, including:

• Income criteria: HSBC usually requires a minimum monthly or annual income to qualify for their premium credit cards.
• Credit history: A good credit score is essential.
• Bank relationship: Having a Premier account helps, but income and creditworthiness play a big role.

 

[kunal05]

What's the salary criteria for Premier?

 

[nomail_forme]

Unlike EPM or Infinia, Premier has a no-nonsense criteria: Maintain Premier Account Status i.e. 40L worth of real relationship value with the bank (Not just cash, Demat or FD counts too).

The salary criteria for Opening the Premier account is 3L net deposit after all deductions (including PF). But RM mentioned that it is just for opening and the relationship value criteria needs to be built within the 1 year of opening to maintain Premier status.

My Gripes: 40L is a considerable amount to maintain for a credit card. The returns that can be generated from properly investing that amount is several times more than the max benefit from the Premier Credit Card for me. Make sure it makes financial sense for you

 

[telescope]

Not necessarily. While HSBC Premier account holders are eligible for the Premier Credit Card, banks typically have additional eligibility criteria, including:

• Income criteria: HSBC usually requires a minimum monthly or annual income to qualify for their premium credit cards.
• Credit history: A good credit score is essential.
• Bank relationship: Having a Premier account helps, but income and creditworthiness play a big role.

Thanks a i

 

[telescope]

What's the salary criteria for Premier?

3 lakh net

 

[quino]

But RM mentioned that it is just for opening and the relationship value criteria needs to be built within the 1 year of opening to maintain Premier status.

that's incorrect. they just want more out of u. having salary credit only is enough to maintain Premier status.

 

[quino]

Not necessarily. While HSBC Premier account holders are eligible for the Premier Credit Card, banks typically have additional eligibility criteria, including:

• Income criteria: HSBC usually requires a minimum monthly or annual income to qualify for their premium credit cards.
• Credit history: A good credit score is essential.
• Bank relationship: Having a Premier account helps, but income and creditworthiness play a big role.

no AI nonsense here man.

 

[yoloof]

Unlike EPM or Infinia, Premier has a no-nonsense criteria: Maintain Premier Account Status i.e. 40L worth of real relationship value with the bank (Not just cash, Demat or FD counts too).

The salary criteria for Opening the Premier account is 3L net deposit after all deductions (including PF). But RM mentioned that it is just for opening and the relationship value criteria needs to be built within the 1 year of opening to maintain Premier status.

My Gripes: 40L is a considerable amount to maintain for a credit card. The returns that can be generated from properly investing that amount is several times more than the max benefit from the Premier Credit Card for me. Make sure it makes financial sense for you

I am planning to move my demat from icici to hsbc so can maintain status that way.