HSBC TravelOne arrives — a 20-partner airmiles card
HSBC launches TravelOne at ₹4,999: 4X on travel and forex, and 1:1 transfers to ~20 airline and hotel partners including Avios and KrisFlyer.
In a year defined by cuts, an actual launch. HSBC’s TravelOne lands at a ₹4,999 annual fee with 4 points per ₹100 on flights, travel aggregators and foreign-currency spend — and the headline feature: 1:1 transfers to roughly 20 airline and hotel partners, including British Airways and Qatar Avios, KrisFlyer and Air India.
The transfers are the story. Moves to British Airways and Qatar Avios are instant, from the app — no forms, no three-day waits. Until now, India’s transfer hubs mostly lived behind super-premium fees; TravelOne puts a serious partner list under ₹5,000. The welcome-offer window opened 1 December 2024.
That makes it a genuine sub-₹5k alternative to Axis Atlas for anyone whose game is moving points into airline programmes rather than hoarding them in a bank portal.
Our take: HSBC finally built a mainstream airmiles card for India, and priced it to sting the competition. Earn elsewhere if you must — but as a transfer hub, ₹4,999 for 20 partners at 1:1 is the best entry ticket on the market today.