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HSBC India · Mid

HSBC TravelOne

Earns HSBC points (TravelOne / Premier)
Where it ranks across all 187 cards
#8 Flights 4.4% direct portal reaches 8.8% #14 Gaming 2.2% direct #15 Mobile / broadband 2.2% direct
#18 Train tickets 2.2% direct #20 Other 2.2% direct #22 Health & pharmacy 2.2% direct #24 Cabs & transit 2.2% direct #26 Electronics 2.2% direct #31 Hotels 2.2% direct portal reaches 13.2% #32 Dining out 2.2% direct #34 Groceries 2.2% direct #35 Online shopping 2.2% direct #35 Movies & events 2.2% direct #35 Fashion 2.2% direct #37 Food delivery 2.2% direct
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Partner transfers - best: Accor ALL (Live Limitless) at 1:1
₹2.10-₹2.30/pt · ceiling 4.60% at premium-cabin redemptions - never used to rank
4.20%
Engine value - conservative, what rankings use
₹1.1/pt
2.20%
Bank travel portal
₹0.5/pt
1.00%
Vouchers / catalogue
₹0.25/pt
0.50%
In-app travel redemptions ~₹0.5/pt; catalogue ₹0.25. Transfers 1:1 are the real value
Points valued at ₹1.1/pt - conservative, what rankings use · transfers reach up to ₹2.30/pt via Accor ALL (Live Limitless) at 1:1
Reward rules2 direct
Base rate - everything not covered below
2.20%base rate
2 pts / ₹100
source
Source: HSBC TravelOne MITC - hsbc.co.in - read 20 Aug 2026
4 pts / ₹100 on airlines, travel aggregators & foreign currency
4.40%this rule
4 pts / ₹100
4X capped at 50,000 pts/month cumulative (then reverts to 2/₹100)
how it works & source
Accelerated = airline MCCs + travel aggregators (4722/4723) + non-DCC foreign currency; direct hotel MCCs are NOT accelerated. Bonus capped 50,000 pts/calendar month (one bank doc also prints 15,000 in the same clause - contradiction flagged). Aggregator MCCs 4111/4131 mean metro/bus spends also earn 4X per the Service Guide list.
Source: HSBC TravelOne Service Guide (bank PDF) - hsbc.co.in - read 22 Aug 2026
Via portals & vouchersdisplay, never ranks
Travel with Points (Hopper) 4X flights
via hopper
source & note
HSBC Rewards Marketplace 'Travel with Points' (travel.hsbc.co.in, in partnership with Hopper): 4X on flight bookings for TravelOne (6X on Prive/Premier). Offer runs to 31 Dec 2026; no cap stated on the offer page - check T&C before large bookings.
Source: HSBC Travel with Points offer page (hsbc.co.in) - hsbc.co.in - read 26 Aug 2026
8.8%
Travel with Points (Hopper) 6X hotels
via hopper
source & note
HSBC Rewards Marketplace 'Travel with Points' (travel.hsbc.co.in, in partnership with Hopper): 6X on hotel stays for TravelOne (12X on Prive/Premier); car rentals 2X. Offer runs to 31 Dec 2026; no cap stated on the offer page - check T&C before large bookings.
Source: HSBC Travel with Points offer page (hsbc.co.in) - hsbc.co.in - read 26 Aug 2026
13.2%
Percentages here are each rule's own rate. The card's single headline is the best of the direct rules only - selectable packs, capped-base rows and portal/voucher routes above are shown for completeness but never set it.
₹12,00,000 / year
10,000 bonus points
₹2,500estimated value
What 10,000 points become. The low end of each range ranks; the high end is display only.
Accor ALL (Live Limitless)
1:1 ratio
10,000 ptsworth ₹21,000-₹23,000
Singapore Airlines KrisFlyer
1:1 ratio
10,000 ptsworth ₹8,000-₹25,000
airasia rewards
1:3 ratio
30,000 ptsworth ₹7,500-₹12,000
Air France-KLM Flying Blue
1:1 ratio
10,000 ptsworth ₹7,000-₹20,000
British Airways Executive Club (Avios)
1:1 ratio
10,000 ptsworth ₹7,000-₹18,000
Japan Airlines Mileage Bank
1:1 ratio
10,000 ptsworth ₹7,000-₹20,000
Qatar Airways Privilege Club (Avios)
1:1 ratio
10,000 ptsworth ₹7,000-₹18,000
Air India Maharaja Club
1:1 ratio
10,000 ptsworth ₹6,000-₹18,000
Transfers in-app, most process within 1 business day. No published annual caps. HSBC Premier card page confirms the same 1:1 in-app conversion; menu shared with TravelOne.
Earns nothing on9 exclusions
Fuel
earns nothing
Fuel: no reward points.
→ use Kotak Cashback+ Credit Card here (3.0%)
detail & source
categories: Fuel · MCCs: 5172, 5541, 5542, 5552, 5983
Source: HSBC TravelOne Service Guide (bank PDF) - hsbc.co.in - read 22 Aug 2026
Utility bills
earns nothing
Utilities: no reward points on TravelOne.
→ use HSBC Live+ here (10.0%)
detail & source
categories: Utility bills · MCCs: 4900
Source: HSBC TravelOne Service Guide (bank PDF) - hsbc.co.in - read 22 Aug 2026
Rent
earns nothing
Real estate agents and managers: no reward points.
→ use Axis Burgundy Private here (5.2%)
detail & source
categories: Rent · MCCs: 6513
Source: HSBC TravelOne Service Guide (bank PDF) - hsbc.co.in - read 22 Aug 2026
Wallet load
earns nothing
E-wallet loads: no reward points.
→ use SC Ultimate here (3.3%)
detail & source
categories: Wallet load · MCCs: 6540
Source: HSBC TravelOne Service Guide (bank PDF) - hsbc.co.in - read 22 Aug 2026
Insurance
earns nothing
Insurance: no reward points.
→ use Axis Burgundy Private here (6.4%)
detail & source
categories: Insurance · MCCs: 5960, 6300
Source: HSBC TravelOne Service Guide (bank PDF) - hsbc.co.in - read 22 Aug 2026
Jewellery & watches
earns nothing
Jewellery: no reward points.
→ use HDFC Infinia Metal here (3.3%)
detail & source
categories: Jewellery & watches · MCCs: 5094, 5944
Source: HSBC TravelOne Service Guide (bank PDF) - hsbc.co.in - read 22 Aug 2026
Education
earns nothing
Education: no reward points.
→ use Axis Burgundy Private here (5.2%)
detail & source
categories: Education · MCCs: 8211, 8220, 8241, 8244, 8249, 8299
Source: HSBC TravelOne Service Guide (bank PDF) - hsbc.co.in - read 22 Aug 2026
Government / tax
earns nothing
Government and tax payments: no reward points.
→ use Biz Black Metal Edition Credit Card here (3.3%)
detail & source
categories: Government / tax · MCCs: 9211, 9222, 9223, 9311, 9399, 9402, 9405
Source: HSBC TravelOne Service Guide (bank PDF) - hsbc.co.in - read 22 Aug 2026
EMI
earns nothing
EMI and cash advances earn no points (transaction-type based, no MCC).
→ use Kotak Solitaire Credit Card here (3.0%)
detail & source
categories: EMI
Source: HSBC TravelOne Service Guide (bank PDF) - hsbc.co.in - read 22 Aug 2026
₹1,000 cashback, a ₹3,000 PostCard voucher and 3 months' EazyDiner Prime Membership
on joining · download and log on to the HSBC India Mobile Banking app and spend ₹25,000 within the first 30 days of opening the account
Source: HSBC TravelOne product page - hsbc.bank.in - read 11 Oct 2026
₹4,000value
Perks the card unlocks at these places, beyond its earn rate. They never change a ranking - check the bank page before you count on one.
Yatra
15% off international and domestic flights and hotel bookings with Yatra (code HSBCTRAVEL1)
Source: HSBC TravelOne product page - hsbc.bank.in - read 11 Oct 2026
15%discount
EaseMyTrip
15% off international and domestic flights with EaseMyTrip (code EMTHSBCT1)
Source: HSBC TravelOne product page - hsbc.bank.in - read 11 Oct 2026
15%discount
Paytm
15% off international and domestic flights with Paytm (code HSBCTRAVEL)
Source: HSBC TravelOne product page - hsbc.bank.in - read 11 Oct 2026
15%discount
Cleartrip
15% off international and domestic flights with Cleartrip (code CTHSBCTRAVELONE)
Source: HSBC TravelOne product page - hsbc.bank.in - read 11 Oct 2026
15%discount
Goibibo
Up to 15% off flights, hotels and homestays with Goibibo (code GOHSBCTRAVEL1)
Source: HSBC TravelOne product page - hsbc.bank.in - read 11 Oct 2026
15%discount
EazyDiner
10% off your bill, up to ₹1,000, with EazyDiner
Source: HSBC TravelOne product page - hsbc.bank.in - read 11 Oct 2026
10%up to ₹1,000
StayVista
11% off hotel bookings with StayVista, up to 2 bookings a card a year, max saving ₹3,000 a booking (code HSBCTRAVEL)
Source: HSBC TravelOne product page - hsbc.bank.in - read 11 Oct 2026
11%up to ₹3,000 a year
District by Zomato
Up to 10% off events with code HSBCTOEVENTS on the District app by Zomato
Source: HSBC TravelOne product page - hsbc.bank.in - read 11 Oct 2026
10%discount
District by Zomato
Up to 10% off dining with code HSBCTODINING on the District app by Zomato
Source: HSBC TravelOne product page - hsbc.bank.in - read 11 Oct 2026
10%discount
District by Zomato
Buy one movie ticket and get one free, twice a month, with code HSBCTOMOV on the District app by Zomato
Source: HSBC TravelOne product page - hsbc.bank.in - read 11 Oct 2026
AdaniOne
Save 20% on duty-free, up to ₹3,000, when you spend ₹8,000 or more, once a card a year, with AdaniOne (code HSBCTRAVELONE)
Source: HSBC TravelOne product page - hsbc.bank.in - read 11 Oct 2026
20%up to ₹3,000 a year
Mastercard World Golf Program
4 complimentary rounds of golf and 12 complimentary lessons a calendar year (max 1 a month), plus 50% off green fees on additional rounds
Source: HSBC TravelOne product page - hsbc.bank.in - read 11 Oct 2026
50%golf
Rent
HSBC rent processing fee 1% + taxes
1%
🏨 The HSBC → Accor 1:1 pipe - the post-Axis transfer king
After Axis cut Accor overnight (Apr 2026), HSBC is the only 1:1 Accor route left in India. TravelOne earns 4 pts/₹100 on airlines/aggregators/forex; converted to Accor ALL, spend returns 6-7% against hotel stays.
₹1,00,000 of accelerated spend → 4,000 pts → 4,000 Accor ≈ ₹6,400-7,200 off a stay at conservative ₹1.6-1.8/pt = 6.4-7.2% (base-rate spends: half that).
🇮🇳 Maharaja Club 12,000-point international one-ways
The Apr 2026 Maharaja award chart cut international economy 30-59%: Singapore, Bangkok, Dubai and Bali from Delhi are flat 12,000 points one-way - cash fares of ₹16-25k, so ₹1.3-1.8 per point. HSBC feeds it 1:1; Axis premium 5:4; HDFC 2:1.
12,000 Maharaja pts vs a ₹20,000 DEL-SIN fare = ₹1.67/pt. Via HSBC 1:1 that turns 4 pts/₹100 travel spend into ~6.7% back; even HDFC at 2:1 nets ~2.8% on base spend.
🧾 Fee-waiver engineering - map big annual payments to the right bank
Every bank excludes different categories from fee-waiver spend math. The play: aim your one or two unavoidable ₹1L+ annual payments (insurance premium, school fees) at the bank where they still COUNT - usually HDFC.
A ₹3L annual premium routed to Infinia: 10,000 pts (≈₹10,000) AND ₹3L toward the ₹8L waiver - the same premium on Magnus earns zero and rescues nothing.
⏰ Transfer-bonus windows - hold stable currencies, strike in bonuses
Banks and programs run periodic transfer bonuses: Maharaja Points Fest paid up to 50% extra on bank conversions in May 2026, HSBC→Accor ran 50% in Dec 2025, Club ITC runs ~annual 10% windows on Axis. Holding points at the bank until a window opens multiplies value - but only at banks with stable menus.
Points Fest May 2026: 1,00,000 HDFC RP at 2:1 became 75,000 Maharaja pts instead of 50,000 - a free 50% on the transfer leg.
No card paid to be here. A few have asked.
Every rate is read off the bank's own page and carries the date we read it. Every answer is worked out in your browser from that data - nothing is precomputed.
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