SBI Card MILES PRIME vs HSBC TravelOne (2026)
Two sub-₹5,000 transfer hubs: SBI's widest-on-the-market 1:1 airline list at a 1% engine vs TravelOne's twenty 1:1 partners that out-earn it from ₹75k a month.
Head to head
| Metric | SBI Card MILES PRIME | HSBC TravelOne |
|---|---|---|
| Our rank | #30 | #14 |
| Annual fee | ₹2,999 + GST | ₹4,999 + GST |
| Fee waiver | ₹10,00,000 spend | ₹8,00,000 spend |
| Forex markup | 2.5% + GST | 3.5% + GST |
| APR | Up to 3.75%/mo (45%/yr) | 3.75%/mo (45%/yr), computed from transaction date |
| Effective reward rate | 1.0% | 2.0% |
| Currency | SBI Travel Credits | HSBC Reward Points |
| House value | ₹1.00/pt | ₹1.00/pt |
| Welcome benefit | 3,000 Travel Credits on ₹60k spend in 60 days | ₹1,000 cashback + ₹3,000 Postcard voucher + 3-mo EazyDiner Prime on ₹25k in 30 days |
| Lounge doors opened | 583 of 644 | 73 of 644 |
| Income — salaried | not published | ₹6L+/yr; age 18–65 |
| Income — self-employed | not published | ₹12L+/yr; age 25–65 |
Gold marks the better side of a row. House value is our ₹-per-point mark for each card's currency — the full valuation index →
Net annual value face-off
Everyday spend at each card's base rate plus a realistic ~20% at its best accelerator (less for narrow or capped boosters) — milestones, fee waivers and the redemption haircut all at our house ₹/point. That's why the biggest headline rate doesn't automatically win. Tune it to your own spend in the calculator.
It swings with spend: HSBC TravelOne at ₹1L/month, HSBC TravelOne at ₹3L/month, HSBC TravelOne at ₹5L/month.
Transfer reach
Both reach
- British Airways Executive Club (Avios) 1:1
- Air France-KLM Flying Blue 1:1
- Air India Maharaja Club 1:1
Only SBI Card MILES PRIME
- Air Canada Aeroplan
- Emirates Skywards
- AirRewards (Air Arabia)
Only HSBC TravelOne
- Singapore Airlines KrisFlyer
- Qatar Airways Privilege Club (Avios)
- Marriott Bonvoy
Full route maps on each card page, best ₹/point routes on the optimizer →
The call
For the ₹1L/month spender, HSBC TravelOne nets ₹36,400 against ₹28,440 — a ₹7,960 gap. At ₹5L/month, HSBC TravelOne nets ₹1,42,000 against ₹82,200 — a ₹59,800 gap. Lounge chasers: SBI Card MILES PRIME opens 583 of 644 tracked doors to HSBC TravelOne's 73.
Our standing verdicts: SBI Card MILES PRIME — Keep; HSBC TravelOne — Keep. On our board, HSBC TravelOne sits at #14 to SBI Card MILES PRIME's #30 — that's the overall call. Your spend pattern can overrule us: run your exact numbers →