SBI Card MILES PRIME vs HSBC TravelOne (2026)
HSBC TravelOne vs SBI Card MILES PRIME: which wins?
₹89,200ranking value a year at ₹3L a month, to HSBC TravelOne
Skip the duel — the board, ranked → · nothing to sign up for
Two sub-₹5,000 transfer hubs: SBI's widest-on-the-market 26-programme board at a 1% engine vs TravelOne's fifteen 1:1 partners that out-earn it from ₹75k a month.
HSBC TravelOne out-earns SBI Card MILES PRIME at every spend level we model, from ₹25k to ₹5L a month.
Every metric, row by row — 12 compared
Head to head
| SBI Card MILES PRIME | Metric | HSBC TravelOne |
|---|---|---|
| #43 | Our rank | #13 — wins this row |
| ₹2,999/yr — wins this row | Fee — joining · annual (+ GST) | ₹4,999/yr |
| ₹10,00,000 spend | Fee waiver | ₹8,00,000 spend |
| 2.5% + GST — wins this row | Forex markup | 3.5% + GST |
| Up to 3.75%/mo (45%/yr) | APR | 3.75%/mo (45%/yr), computed from transaction date |
| 1.0% | Headline earn rate | 2.0% — wins this row |
| SBI Travel Credits | Currency | HSBC Reward Points |
| ₹1.00/pt | House value | ₹1.00/pt |
| 3,000 Travel Credits on ₹60k spend in 60 days | Welcome benefit | ₹1,000 cashback + ₹3,000 Postcard voucher + 3-mo EazyDiner Prime on ₹25k in 30 days |
| 676 of 793 — wins this row | Lounge doors opened | 43 of 793 |
| not published | Income — salaried | ₹6L+/yr; age 18–65 |
| not published | Income — self-employed | ₹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 →
The ₹ face-off at ₹1L/₹3L/₹5L a month
Ranking-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. This is the ranking model, the one that orders the board; each card page prints the earn-rate-only net annual value instead, which reads lower for any card with an accelerator (both models, side by side). Tune it to your own spend in the calculator.
HSBC TravelOne out-earns SBI Card MILES PRIME at every spend level we model, from ₹25k to ₹5L a month.
How the gap moves with spend — a 20-step sweep from ₹0.25L to ₹5L/month
How the gap moves with spend
HSBC TravelOne leads at all 20 steps, but not by the same amount: ₹1,240 at ₹0.25L a month, ₹64,800 at ₹5L — the gap fans out with spend, widest at ₹5L (₹64,800).
SBI Card MILES PRIME draws above the line, HSBC TravelOne below · ₹0.25L to ₹5L a month, step by step
| Monthly spend | SBI Card MILES PRIME | HSBC TravelOne | In front |
|---|---|---|---|
| ₹0.25L | ₹361 | ₹1,601 | HSBC TravelOne by ₹1,240 |
| ₹0.5L | ₹3,721 | ₹8,201 | HSBC TravelOne by ₹4,480 |
| ₹0.75L | ₹17,081 | ₹19,800 | HSBC TravelOne by ₹2,719 |
| ₹1L | ₹23,440 | ₹36,400 | HSBC TravelOne by ₹12,960 |
| ₹1.25L | ₹26,800 | ₹43,000 | HSBC TravelOne by ₹16,200 |
| ₹1.5L | ₹30,160 | ₹49,600 | HSBC TravelOne by ₹19,440 |
| ₹1.75L | ₹33,520 | ₹56,200 | HSBC TravelOne by ₹22,680 |
| ₹2L | ₹36,880 | ₹62,800 | HSBC TravelOne by ₹25,920 |
| ₹2.25L | ₹40,240 | ₹69,400 | HSBC TravelOne by ₹29,160 |
| ₹2.5L | ₹43,600 | ₹76,000 | HSBC TravelOne by ₹32,400 |
| ₹2.75L | ₹46,960 | ₹82,600 | HSBC TravelOne by ₹35,640 |
| ₹3L | ₹50,320 | ₹89,200 | HSBC TravelOne by ₹38,880 |
| ₹3.25L | ₹53,680 | ₹95,800 | HSBC TravelOne by ₹42,120 |
| ₹3.5L | ₹57,040 | ₹1,02,400 | HSBC TravelOne by ₹45,360 |
| ₹3.75L | ₹60,400 | ₹1,09,000 | HSBC TravelOne by ₹48,600 |
| ₹4L | ₹63,760 | ₹1,15,600 | HSBC TravelOne by ₹51,840 |
| ₹4.25L | ₹67,120 | ₹1,22,200 | HSBC TravelOne by ₹55,080 |
| ₹4.5L | ₹70,480 | ₹1,28,800 | HSBC TravelOne by ₹58,320 |
| ₹4.75L | ₹73,840 | ₹1,35,400 | HSBC TravelOne by ₹61,560 |
| ₹5L | ₹77,200 | ₹1,42,000 | HSBC TravelOne by ₹64,800 |
Transfer reach — 25 vs 20 live routes
Transfer reach
3 shared routes · 3 only SBI Card MILES PRIME · 3 only HSBC TravelOne — the full partner lists
Both reach
- The British Airways 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 →
What to watch out for — 6 points
What to watch out for
SBI Card MILES PRIME · 6 more →
- Travel Credits expire in 24 months — the shortest fuse on the index
- 1% base earn — everyday spend belongs on another card
- 2.5% forex undercuts ELITE's 1.99% by half a point
HSBC TravelOne · 4 more →
- Fee waived only at ₹8L annual spend; forex back to 3.5% since Jul-2026 (promo over)
- Base earn is a modest 2X outside travel/forex
- HSBC's eligibility and branch footprint are narrow
The call
For the ₹1L/month spender, HSBC TravelOne nets ₹36,400 against ₹23,440 — a ₹12,960 gap. At ₹5L/month, HSBC TravelOne nets ₹1,42,000 against ₹77,200 — a ₹64,800 gap. Lounge chasers: SBI Card MILES PRIME opens 676 of 793 tracked doors to HSBC TravelOne's 43.
Our standing verdicts: SBI Card MILES PRIME — Keep; HSBC TravelOne — Keep. HSBC TravelOne takes 5 of the 8 rounds we can score — that's the overall call. Your spend pattern can overrule us: run your exact numbers →
Common questions — 5 answered
Straight answers
Which is better, SBI Card MILES PRIME or HSBC TravelOne?
HSBC TravelOne. HSBC TravelOne takes 5 of the 8 rounds we can score. HSBC TravelOne out-earns SBI Card MILES PRIME at every spend level we model, from ₹25k to ₹5L a month.
SBI Card MILES PRIME or HSBC TravelOne — which earns more at ₹3L a month?
At ₹3L a month, HSBC TravelOne nets ₹89,200 against ₹50,320 — a ₹38,880 gap. Those are ranking-value figures: everyday spend at the card's base rate plus a realistic slice at its best accelerator, net of the fee.
Which costs less to hold, SBI Card MILES PRIME or HSBC TravelOne?
SBI Card MILES PRIME — ₹2,999/yr against ₹4,999/yr. SBI Card MILES PRIME waives its fee at ₹10,00,000 of spend; HSBC TravelOne at ₹8,00,000 of spend.
Which gets you into more airport lounges, SBI Card MILES PRIME or HSBC TravelOne?
Lounge chasers: SBI Card MILES PRIME opens 676 of 793 tracked doors to HSBC TravelOne's 43. Visit quotas, guest charges and spend gates are per card — the lounge map carries each one.
How current is this comparison?
Card records last re-verified against their issuers' own documents: SBI Card MILES PRIME on 2026-08-23, HSBC TravelOne on 2026-08-15. Every figure on this page — the ranking values, the fee rows, the lounge counts, the transfer ratios — is recomputed from those records each time the site builds, so a devaluation changes the call the day we log it.
Verified against SBI Card and HSBC's own documents on · the ranking model, at our house ₹/point
Every document behind this page — 15 of them, each with the day we read it
- official Product page — 3,000 welcome TC on ₹60k/60 days, 4 TC per ₹200 travel and 2 per ₹200 otherwise, 8 complimentary domestic lounge visits (max 2/quarter) plus 1 per ₹1L capped
- official SBI product record behind that page — isOnline "yes" (open to new applications), productType MPOM, cardLaunchDate 2024-04-23
- official MILES rewards T&C — one document governs MILES, MILES PRIME and MILES ELITE alike
- official MITC — ₹2,999 joining/renewal waived at ₹10L preceding-year spend; foreign-currency fee 2.5% for SBI Card Miles Prime
- official Card e-kit T&C — §28
- official Airport Lounge Access — "SBI Card MILES PRIME" is listed under "Set B: Eligible Credit Cards" (the ₹2,999 tier)
- community CardInsider review (Mastercard + RuPay networks)
- official SBI Card's upgrade/downgrade FAQ — the only downgrade the issuer publishes: customer-initiated, inside 90 days of an upgrade, and no upgrade again for six months
- 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)
- 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
- official TravelOne MITC / tariff sheet — ₹4,999 joining, ₹4,999 annual waived only above ₹8,00,000 of primary-card spend in the FY
- 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
- 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
- community CardExpert review (4X 50k-RP/mo cap, forex promo end)
- 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)