HSBC introduces 20 airline and hotel transfer partners for credit cards from April 2025. Details here

The journey and tourism trade has grown quickly in the previous couple of years. Paying attention to the journey growth, some banks have partnered with airline and resort applications to supply their credit score cardholders with a reward factors redemption choice. Banks like HDFC Financial institution, Axis Financial institution, American Categorical, and many others., have a number of airline and resort switch companions for his or her bank cards.

HSBC India is the most recent financial institution so as to add 20 airline and resort switch companions to its bank card rewards program. On this article, we are going to perceive the varied reward factors switch companions that HSBC has added, and the way its credit score cardholders profit from it.

Addition of switch companions

From 1st April 2025, HSBC India has gone dwell with the addition of 20 switch companions to its credit card rewards program. These embody 15 airways and 5 resort switch companions. The financial institution credit score cardholders have these further redemption choices together with the sooner reward factors redemption choices. The extra reward factors redemption choices that credit score cardholders have, the higher.

The reward factors may be transferred to the switch companion in a specified ratio primarily based on the bank card variant held. For instance, for the HSBC Premier Credit score Card and TravelOne Credit score Card, the airline frequent flyer program (FFP) switch companions and the switch ratio is as follows.

For the HSBC Premier Credit score Card and TravelOne Credit score Card, the resort switch companions and the switch ratio is as follows.

Equally, to know the reward factors switch ratio for the HSBC Visa Platinum Credit score Card, please consult with the HSBC India web site.

The above desk reveals the conversion of reward points into airline FFPs or resort loyalty applications. For instance, the conversion ratio for the HSBC Premier Credit score Card reward factors into the United MileagePlus program is 2:1. It implies that 2 bank card reward factors will likely be transformed into 1 airmile.

Please be aware that HSBC India could replace the above switch companion record every now and then. New companion(s) could also be added, current companion(s) could also be eliminated, the switch ratio could also be modified, and many others.

The best way to switch reward factors?

HSBC has moved to a brand new rewards platform to make it simpler for credit score cardholders to assert reward factors. From 1st April 2025, credit score cardholders can redeem reward factors via the HSBC India Cellular Banking App solely. The cardholder can log into the app, choose the bank card, go to the ‘Rewards Market’, and place an order for reward factors redemption.

The credit score cardholder should first register with the airline FFP or resort loyalty program to switch reward factors to it. On the time of reward factors switch, they should enter this system membership quantity together with the opposite particulars.

For Hainan Airways Fortune Wings Membership and Air India Maharaja Membership, the reward factors switch will likely be accomplished inside 5 working days of inserting the request within the HSBC India Cellular Banking App. For JAL Mileage Financial institution, the factors switch request will likely be accomplished inside ten working days. For all different airways, the reward factors will likely be transferred immediately or inside one working day of inserting the redemption request.

For many resort loyalty applications, the bank card reward factors will likely be transferred immediately or inside one working day of inserting the redemption request within the HSBC India Cellular Banking App.

The bank card reward factors may be transformed into airmiles and resort loyalty factors for the HSBC Premier, Visa Platinum and TravelOne bank cards.

The best way to use transferred factors?

When you switch bank card reward factors out of your HSBC bank card, the factors will mirror within the companion program as per the switch ratio. From the companion program, the factors may be additional used to make a journey reserving. For instance, suppose a credit score cardholder has transferred bank card reward factors to the Maharaja Membership. The Maharaja Membership factors can then be used to e-book Air India flights. Air India has the second-largest home flight community after Indigo.

Equally, suppose a credit score cardholder has transferred reward factors to the Accor Dwell Limitless (ALL) resort loyalty program. The ALL factors can then be used to e-book resort lodging at varied Accor properties. Accor has 60+ inns in India unfold throughout manufacturers like Novotel, Ibis, Raffles, Grand Mercure, Pullman, Fairmont, and many others. The ALL factors can be used to make a global resort reserving at any taking part Accor property throughout the globe.

Planning a trip with bank card reward factors

Normally, flight tickets and resort lodging are two of the largest bills throughout a trip. These may be taken care of with bank card reward factors. You may switch your HSBC bank card reward factors to an airline FFP and resort loyalty program of alternative. You may then use the loyalty factors to e-book your flight tickets and resort lodging to your trip.

Some resort applications like Accor Dwell Limitless (ALL) will let you invoice your meal bills to your resort room fees. They’ll then be paid for with loyalty factors on the time of checkout. Meal bills often kind the third greatest expense after flight tickets and resort lodging throughout a trip. Thus, with some considerate planning, you possibly can cowl even these bills with factors, making most of your trip free with bank card reward factors.

Gopal Gidwani is a contract private finance content material author with 15+ years of expertise. He may be reached at LinkedIn.