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HSBC TravelOne vs SBI Card MILES

Verified 17 sources

Your monthly spend

HSBC TravelOne beats SBI Card MILES by ₹7,100 a year at ₹30,000 a month: ₹7,100 against ₹0, after fees

HSBC TravelOne beats SBI Card MILES by ₹16,400 a year at ₹75,000 a month: ₹25,200 against ₹8,800, after fees

HSBC TravelOne beats SBI Card MILES by ₹67,900 a year at ₹1.5 lakh a month: ₹80,500 against ₹12,600, after fees

HSBC TravelOne beats SBI Card MILES by ₹1,20,900 a year at ₹3 lakh a month: ₹1,41,000 against ₹20,100, after fees

HSBC TravelOne beats SBI Card MILES by ₹1,91,400 a year at ₹5 lakh a month: ₹2,21,600 against ₹30,200, after fees

HSBC TravelOne credit card

HSBC

HSBC TravelOne

Our verdict: Keep

SBI Card MILES credit card

SBI Card

SBI Card MILES

Our verdict: Downgrade

SBI Card MILES vs HSBC TravelOne: which should you pick?

Two transfer hubs under ₹5,000. TravelOne pays 2 HSBC points per ₹100 and 4 on flights, travel portals and forex, moving to 20 partners; SBI MILES pays 1 Travel Credit per ₹200 and 2 on travel, moving to 24. TravelOne is ahead at every spend level the page tests. ₹4,999 waived at ₹8,00,000 of spend against ₹1,499 reversed at ₹6,00,000; forex is 3.5% against 3%. TravelOne opens six domestic lounge visits a year and four abroad on LoungeKey; SBI MILES four domestic a year plus up to eight earned on spend, and none free abroad.

At every spend from ₹25,000 to ₹5 lakh a month, HSBC TravelOne beats SBI Card MILES, and its lead widens from ₹5,300 to ₹1,91,400 a year as spend climbs. At ₹75,000 a month the gap is mostly what each card earns on your spend: HSBC TravelOne returns ₹30,200 a year in rewards to SBI Card MILES's ₹3,800. SBI Card MILES is the better pick if you would rather pay less to get the card: SBI Card MILES costs ₹1,499/yr, HSBC TravelOne ₹4,999/yr, or if you want to move points to airlines and hotels: its points reach 24 transfer partners to HSBC TravelOne's 20.

HSBC TravelOne review SBI Card MILES review

Side by side

HSBC TravelOne and SBI Card MILES, fact by fact
FactHSBC TravelOneSBI Card MILES
Can you get itOpen to applyOpen to apply
Fee (joining · annual, + GST)₹4,999/yr₹1,499/yr✓ Better
Fee waiverSpend ₹8,00,000 a yearSpend ₹6,00,000 a year
Reward rate on everyday spend4.0%✓ Better0.5%
PointsHSBC Reward PointsSBI Travel Credits
Our value per point₹2.00₹1.00
Transfer partners2024✓ Better
Lounges it gets you into43 of 792✓ Better16 of 792
Forex markup3.5% + GST3% + GST✓ Better
Welcome benefit₹1,000 cashback + ₹3,000 Postcard voucher + 3-mo EazyDiner Prime on ₹25k in 30 days1,500 Travel Credits on ₹30k spend in 60 days

✓ Better marks the side that wins a row; rows that compare unlike things are not scored. HSBC TravelOne is ahead on 9 of the 12 rows we can call.

More facts 7 rows
Rank, verdict, lounge visits and fine print
FactHSBC TravelOneSBI Card MILES
Our rank#12✓ Better#95
Our verdictKeepDowngrade
Lounge visits in India6 visits/yr4/yr complimentary (max 2 per quarter) at SBI's 16-lounge "Set A" list, plus up to 8 spend-earned visits (1 per ₹1L) — 12 at full stretch
Lounge visits abroad4 visits/yr (LoungeKey)None (0 complimentary visits) — Priority Pass membership is free for 2 yrs but every visit is pay-per-use
Interest (APR)3.75%/mo (45%/yr), computed from transaction dateUp to 3.75%/mo (45%/yr)
Income needed (salaried)₹6L+/yr; age 18–65not published
Income needed (self-employed)₹12L+/yr; age 25–65not published

Our value per point is what we think a point is worth when you use it well; every currency's figure and its reasoning is on points values.

What each is worth to you

A year of rewards and bonuses, after the fee
Monthly spendHSBC TravelOneSBI Card MILES
At ₹30,000 a month₹7,100✓ Better₹0
At ₹75,000 a month₹25,200✓ Better₹8,800
At ₹1.5 lakh a month₹80,500✓ Better₹12,600
At ₹3 lakh a month₹1,41,000✓ Better₹20,100
At ₹5 lakh a month₹2,21,600✓ Better₹30,200
Pays for itself from₹13,000 a month✓ Better₹30,000 a month

On an everyday mix of spending (groceries, bills, travel, fuel and the rest), using each card's own rules for each kind of spend. The same figures as each card's own page.

Every spend from ₹25,000 to ₹5 lakh 20 steps
HSBC TravelOne and SBI Card MILES at each ₹25,000 step
Monthly spendHSBC TravelOneSBI Card MILESAhead
₹25,000₹5,100✓ Better−₹200HSBC TravelOne by ₹5,300
₹50,000₹15,200✓ Better₹6,000HSBC TravelOne by ₹9,200
₹75,000₹25,200✓ Better₹8,800HSBC TravelOne by ₹16,400
₹1 lakh₹40,300✓ Better₹10,000HSBC TravelOne by ₹30,300
₹1.25 lakh₹70,400✓ Better₹11,300HSBC TravelOne by ₹59,100
₹1.5 lakh₹80,500✓ Better₹12,600HSBC TravelOne by ₹67,900
₹1.75 lakh₹90,600✓ Better₹13,800HSBC TravelOne by ₹76,800
₹2 lakh₹1,00,600✓ Better₹15,100HSBC TravelOne by ₹85,500
₹2.25 lakh₹1,10,700✓ Better₹16,300HSBC TravelOne by ₹94,400
₹2.5 lakh₹1,20,800✓ Better₹17,600HSBC TravelOne by ₹1,03,200
₹2.75 lakh₹1,30,900✓ Better₹18,900HSBC TravelOne by ₹1,12,000
₹3 lakh₹1,41,000✓ Better₹20,100HSBC TravelOne by ₹1,20,900
₹3.25 lakh₹1,51,000✓ Better₹21,400HSBC TravelOne by ₹1,29,600
₹3.5 lakh₹1,61,100✓ Better₹22,600HSBC TravelOne by ₹1,38,500
₹3.75 lakh₹1,71,200✓ Better₹23,900HSBC TravelOne by ₹1,47,300
₹4 lakh₹1,81,300✓ Better₹25,200HSBC TravelOne by ₹1,56,100
₹4.25 lakh₹1,91,400✓ Better₹26,400HSBC TravelOne by ₹1,65,000
₹4.5 lakh₹2,01,400✓ Better₹27,700HSBC TravelOne by ₹1,73,700
₹4.75 lakh₹2,11,500✓ Better₹28,900HSBC TravelOne by ₹1,82,600
₹5 lakh₹2,21,600✓ Better₹30,200HSBC TravelOne by ₹1,91,400
How we work out the yearly value

We put each card through the same everyday mix of spending, apply that card's own rules for each kind of spend (some earn nothing on fuel or bills), add its milestone and renewal bonuses at our value per point, and take off the fee unless that spend waives it. Bonus categories that need you to shop a certain way are not counted. Your own mix will differ: try your numbers in the calculator, or read how we value cards.

Before you choose

Transfer partners 20 and 24

HSBC TravelOne's HSBC Reward Points move to 20 airline and hotel partners; SBI Card MILES's SBI Travel Credits move to 24.

The best-known partners both reach (points : miles)
PartnerHSBC TravelOneSBI Card MILES
The British Airways Club (Avios)1:11:1
Air India Maharaja Club1:11:1
ALL - Accor Live Limitless1:12:1

Only HSBC TravelOne: Singapore Airlines KrisFlyer, Qatar Airways Privilege Club (Avios), Air France-KLM Flying Blue.

Only SBI Card MILES: Air Canada Aeroplan, Emirates Skywards, AirRewards (Air Arabia).

Every partner and ratio is on each card's page; the best value for your points is on the transfer optimizer.

Watch out 6 points

HSBC TravelOne

  • Fee waived only at ₹8L annual spend; forex is 3.5% + GST — the cashback-back promo ended 30 Jun 2026, and HSBC's all-cards zero-markup window, extended from 15 Sep, closes 31 Oct 2026
  • Base earn is a modest 2X outside travel/forex
  • HSBC's eligibility and branch footprint are narrow

4 more on its page

SBI Card MILES

  • 0.5% base / 1% travel — the weakest earn in the MILES range
  • 3% forex, the highest of the three MILES cards
  • Travel Credits expire in 24 months; minimum transfer 2,000 TC

3 more on its page

Common questions 5 answered

Which is better, HSBC TravelOne or SBI Card MILES?

At every spend from ₹25,000 to ₹5 lakh a month, HSBC TravelOne beats SBI Card MILES, and its lead widens from ₹5,300 to ₹1,91,400 a year as spend climbs. At ₹75,000 a month the gap is mostly what each card earns on your spend: HSBC TravelOne returns ₹30,200 a year in rewards to SBI Card MILES's ₹3,800. SBI Card MILES is the better pick if you would rather pay less to get the card: SBI Card MILES costs ₹1,499/yr, HSBC TravelOne ₹4,999/yr, or if you want to move points to airlines and hotels: its points reach 24 transfer partners to HSBC TravelOne's 20.

HSBC TravelOne or SBI Card MILES: which is worth more at ₹3 lakh a month?

HSBC TravelOne beats SBI Card MILES by ₹1,20,900 a year at ₹3 lakh a month. Both figures are a year's rewards and bonuses on an everyday spending mix, after the fee.

Which costs less to get, HSBC TravelOne or SBI Card MILES?

SBI Card MILES: ₹1,499/yr against ₹4,999/yr. HSBC TravelOne waives its fee if you spend ₹8,00,000 a year; SBI Card MILES waives its fee if you spend ₹6,00,000 a year.

Which gets you into more airport lounges, HSBC TravelOne or SBI Card MILES?

HSBC TravelOne: 43 of the 792 lounges we track, against 16 for SBI Card MILES. Visit limits and guest charges differ by card; each card's page lists them.

How current is this comparison?

HSBC TravelOne was last checked against its bank's own documents on 24 Oct 2026, SBI Card MILES on 26 Oct 2026. Every figure here is worked out again from those records each time the site is built, so a change to either card shows up the day we log it.

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Sources

HSBC TravelOne was last checked against its bank's own documents on 24 Oct 2026, SBI Card MILES on 26 Oct 2026. Every fact above comes from these 17 documents; the banks' own are marked official. A fact a bank does not publish shows as "not published", never as zero.

The documents 17 sources
  1. Official Product page (₹4,999 joining and annual fee, free above ₹8,00,000 of yearly spend, welcome ₹1,000 cashback + ₹3,000 PostCard + 3-mo EazyDiner Prime on ₹25k/30d; issued in 21 cities) read
  2. Official Transfer-partner table — 15 airlines + 5 hotels; AirAsia 1 pt = 3 miles (official wording), Hainan/Turkish/United 2 pts = 1 mile, Shangri-La 5:1, the other 16 at 1:1 read
  3. Official TravelOne MITC / tariff sheet — ₹4,999 joining; the ₹4,999 annual fee is reversed in full when primary and add-on cards together spend over ₹8,00,000 in the anniversary year read
  4. Official TravelOne Important Terms and Conditions (mitc-t1) — 3.75%/mo finance charge, 2.5% cash advance (min ₹500), 3.5% forex, late fee 100% of minimum due (₹250–₹1,200) read
  5. Official Service Guide (11-Dec-2025) — confirms the 2X accelerator on airlines/travel agencies/foreign currency carries a 50,000 accelerated-RP calendar-month cap read
  6. Official Milestone Offer T&C — 10,000 reward points for ₹12,00,000 of net eligible spend in an ANNIVERSARY year from the card-open date; primary cards only, add-ons have no separate eligibility read
  7. Community CardExpert review (4X 50k-RP/mo cap, forex promo end) read
  8. Community Magnify review — full 20-partner table (15 airlines incl. AirAsia 1:3, Turkish/United/Hainan 2:1; 5 hotels incl. Shangri-La 5:1) read
  9. Official HSBC Rewards Programme T&C — the MCC exclusion table behind the zero-earn categories read
  10. Official Product page — 1,500 welcome TC on ₹30k/60 days, 2 TC per ₹200 travel and 1 per ₹200 otherwise, 5,000 bonus TC at ₹5L, fee reversal at ₹6L read
  11. Official SBI product record behind that page — isOnline "yes" (open to new applications), productType MSOM, cardLaunchDate 2024-04-23 read
  12. Official MILES rewards T&C (23-Sep-2026 edition) — the same document governs MILES, MILES PRIME and MILES ELITE read
  13. Official MITC — ₹1,499 joining/renewal waived at ₹6L preceding-year spend; foreign-currency fee 3% for SBI Card Miles read
  14. Official MILES-range e-kit T&C — one document for all three MILES cards read
  15. Official Airport Lounge Access — "SBI Card MILES" listed under "Set A: Eligible Credit Cards", with 16 domestic lounge rooms in 8 cities w.e.f. 10 Jan'26 read
  16. Community CardInsider — settles SBI's garbled page copy: 4 complimentary domestic visits per year (2 per quarter) plus 1 per ₹1L capped at 8 read
  17. Official SBI Card's bank-wide Most Important Terms & Conditions — the fees, charges and terms this card's MITC row is read from read

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